The American hedge fund giant Elliott has entered the £5 billion bidding battle for Manchester United in an extraordinary eleventh-hour swoop.
The former owner of Italian club AC Milan, which manages $56 billion (£46 billion) in assets, is thought to have lodged a late proposal just before Friday's deadline for the first round of bids.
The heavyweight investor, run by Paul Singer, has ruled itself out of a full takeover of the club, but has offered to provide the financing for a bid, sources said.
Details of its proposal are as yet unclear but could involve Elliott taking a stake in the club, providing debt funding, or a mix of the two. The Raine Group is running the sales process on behalf of United's owners,
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Lisiknopsz
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After ruining AC MILAN you're here coming to kill united totally we don't need anywhere near our club we're tired of Americans all united fans should say no more to Americans in united