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Ares Management, one of the US-based investment firms offering the Glazer family a path to remain at Manchester United, have switched their attention to Chelsea, according to reports. It follows Todd Boehly’s consortium opening the floor for a capital injection at Stamford Bridge.
In March, Ares emerged as one of a handful of US hedge funds offering minority investment in United amid the club’s takeover process.
Minority investment was one of four potential outcomes, the others being a Glazer stay without funding, a partial sale to Sir Jim Ratcliffe, or a full sale to Sheikh Jassim bin Hamad Al Thani.
And The Sun report that Sheikh Jassim is on the verge of winning the race to buy United after making a significant breakthrough with the Glazers.
It’s claimed there is confidence at Old Trafford of completing a sale by November, ending what will then be a one-year saga.
Potentially in response to the decision, Ares is eyeing a partnership with another Premier League giant, Chelsea.
According to the Telegraph, the firm is in discussions over tabling an offer to invest in the Blues.
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Ares’ presence in the sector has seen a significant rise in recent years, raising £3.2billion to invest in sports, media and entertainment in 2022.
Earlier this week, the firm confirmed it had injected a bonus £59m into MLS outfit Inter Miami after Lionel Messi’s explosive start to life Stateside.
It also invests in La Liga giants Atletico Madrid and Eagle Football Holdings, financially supporting Crystal Palace and Lyon.
The report claims Chelsea owners, Boehly and Clearlake, will prioritise equity investment and direct the funding towards ‘growth prospects’.
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They include a new stadium, with plans outlined as they completed a £4.25bn takeover in May 2022, and the multi-club model currently involving Strasbourg.
However, there is said to be no guarantee that Chelsea will agree on a deal for investment, and their search is at the exploration stage.
Chelsea have splurged over £600m on players in the three transfer windows since Boehly and Clearlake inherited control at Stamford Bridge from Roman Abramovich.
The west Londoners’ blockbuster deals include a British-record £107m spent on Benfica midfielder Enzo Fernandez in January, £75m on injury-stricken defender Wesley Fofana and £60m on first-season flop Marc Cucurella.
This summer, Christopher Nkunku has arrived in a £52m deal from RB Leipzig, joining £32m Villarreal forward Nicolas Jackson, £39m AS Monaco defender Axel Disasi and starlets Lesley Ugochukwu and Angelo for a £36m fee.
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