Recently, a number of English teams, including juggernauts like Manchester United and Liverpool, have been placed up for sale. Both of these clubs’ current owners are looking to sell their shares at the right price. While the search for additional teams is still in its early stages, Indian business mogul Mukesh Ambani is allegedly interested in purchasing an English soccer team. However, that club is not Manchester United or Liverpool as had previously been rumoured, but rather Arsenal from North London.
The Glazer family chose to abandon their 17-year ownership of Manchester United and declared their desire to sell their shares roughly three weeks ago. Even then, there were persistent rumours linking Ambani to the Red Devils. However, it has since been rumoured that the 10th richest man in the world has his sights set on Arsenal.
According to a report in The Athletic, Akash Ambani, 31, is a huge Arsenal fan, and if the Ambani family were to play football, they would choose the London team.
Soon after the Fenway Sports Group (FSG) decided to sell the Merseyside club, Ambani was suggested as being interested in the potential purchase of Liverpool as well.
The report also notes that India’s interest in funding non-cricket enterprises is growing. The idea is apparently appealing to Mukesh Ambani, who is said to be worth USD 90.7 billion at the time.
The SKEMA Business School’s Simon Chadwick, a professor of sport and global economy, commented on the subject, saying: “There is growing interest in India for non-cricket investment prospects in sport. This is related to the digital and entertainment industries in India. Mumbai is India’s digital, entertainment, and financial hub, and City Football Group invested there. If you look at some of the investments made by Abu Dhabi’s wealth fund, you will see that they have made investments in Mumbai-based digital start-ups.
“India may be the next great frontier, according to some. Saudi Arabia has joined China, which we already have “Added he.
The Kroenke Sports & Entertainment now owns the majority of Arsenal’s shares.
