Spanish media reported that Europe’s richest Ortega family intends to buy MU.
Recent information simultaneously appeared on newspapers and radio stations in Spain, saying that MU is being asked to buy by the Ortega family, the amount asked to buy has not been revealed, but the Ortega family believes they are redundant to make the Glazers accept to sell.
The Ortega family is the richest family in Europe and the 5th richest family in the world, with a total wealth of 73 billion USD. The head of the family is Mr. Amancio Ortega, president of Inditex, a multinational apparel company that owns a fashion brand Zara that is not unfamiliar to many consumers. Mr. Amancio is the 6th richest person in the world.
The Ortega family is thinking about investing in sports, and they think this is the best opportunity to own MU because this English football club will be a sure investment according to a sports podcast. But the basis for them to choose this time is because the unfavorable information about MU has recently appeared.
Last July, the Glazers had to borrow $140 million to cover their real estate businesses’ operations in Florida, USA. The Covid-19 epidemic severely affected business operations, and the Glazers had to save the properties while restricting the transfer of both MU and Tampa Bay Buccaneers football club.
Therefore, for more than a month, MU has not made a remarkable transfer, of which the most prominent is the case that they did not meet Dortmund’s required price for winger Jadon Sancho. It is known that MU will almost not add any expensive rookie this summer.
These developments have made the Ortega family seem interested in the ability to invest in MU. However, their opportunities are not great because MU is an excellent club of bosses, and the MU brand also helps stimulate other businesses that the Glazers invest in.
Earlier this year, it was reported that Crown Prince Mohammed Bin Salman of Saudi Arabia wanted to buy MU from the Glazers before being refused and then failed to own Newcastle. So rumors about Ortega’s house are just the beginning of the story and are likely to “sink” soon as other bosses ask to buy the “Reds”.