Apple Inc.'s (NASDAQ:AAPL) CEO Tim Cook reportedly wants to buy the Manchester United football club and fans cannot be happier about it — but is there more to the story?
What Happened: The Cupertino-based tech giant is interested in buying Premier League club Manchester United at a whopping £5.8billion, according to Daily Star.
The club’s current owner, the Glazers, wanted £8.25 billion ($9.97 billion) for the team but have decided to sell to the highest bidder, and Apple bosses have reportedly expressed an interest in discussing a potential deal.
However, the report has been refuted by MacRumors, which cites a source familiar with the matter saying no such plans are on the horizon.
Apple did not respond immediately to Benzinga's request for comment.
See Also: Apple, Google 'Duopoly' On Mobile Browsers And Cloud Gaming Faces UK Probe
Why It’s Important: If Apple does make a deal, it will make Manchester United the richest club in the world— a potential outcome that hasn’t eluded the fans.
While Apple has no experience owning a football club the size of United, the company has been showing keen interest in pushing sports content. Apple is reportedly at loggerheads with Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) over the NFL Sunday Ticket deal.
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