MX23RW : Monday, December 6 19:14:58| >> :60:2511:2511:

Manchester United owners fail in bid to buy IPL side

Man United owners fail in bid to buy IPL side
© Reuters
The Glazer family, the owners of Manchester United, fail in their bid to buy one of two IPL sides which were available at auction.

The Glazer family have failed in their bid to become one of the two new owners of IPL sides ahead of 2022.

The Americans, who can count Manchester United among their portfolio, had been hoping to win the rights to a team at an auction which took place in Dubai on Monday.

However, the RPSG Group and CVC Capital were behind the successful bids, the former spending $932m (£676.89m) to own a team which will be based in Lucknow.

CVC Capital, who have recently acquired a small stake in La Liga, will pay $692m (£502.28m) to become the owners of a side in Ahmedabad.

The RPSG group are no strangers to the IPL having previously been in charge of Rising Pune Supergiant between 2016 and 2017.

The latest edition of the IPL only concluded earlier this month with the Chennai Super Kings winning the competition for the fourth time.

ID:468343:1false2false3false:QQ:: from db desktop :LenBod:collect1407:

Click here for more stories about Manchester United

Collect / Create New Data
Share this article now:
Did you know...?
Benfica's Rafa Silva scores against Barcelona in the Champions League on September 29, 2021
Read Next:
Man United 'scout Benfica players in CL win over Barcelona'
>
Read more about Manchester United Cricket

rhs 2.0
-(578:65) NO SAVED VALID SPORT!!!!:3:

Subscribe to our Newsletter


Match previews - Daily
Transfer Talk Daily
Morning Briefing (7am UTC)
Ultra close-up image of Kevin De Bruyne [NOT FOR USE IN ARTICLES]Get the latest transfer news, match previews and news direct to your inbox!