Amancio Ortega

After 17 years of ownership, the Glazer family has made the difficult decision to put Manchester United up for sale. Spanish billionaire Amancio Ortega has emerged as a leading candidate to purchase the club.

The American family has been the subject of widespread criticism ever since they took control of Manchester United in 2005 and throughout their tenure as owners of the Old Trafford club.

The fans of Manchester United wanted to make sure that the club's signings of Antony and Casemiro over the summer did not divert attention from the more systemic issues that they have been dealing with.

It would appear that their protests have been successful at this point, although there is still a significant distance to travel before any potential sale could take place. The British billionaire Sir Jim Ratcliffe, who had been heavily linked with a takeover in recent months, will be keeping a close eye on the most recent developments as he considers his next steps, and he will be watching the situation very closely.

Nevertheless, a new company has expressed interest in purchasing United, and here is a brief summary of Ortega's background and accomplishments:

Who is Amancio Ortega?

The 86-year-old man is one of the wealthiest clothing retailers in the world. He was born in Busdongo de Arbas, which is located in Spain. He was a cofounder of the Inditex empire, which is currently the owner of the Zara fashion chain.

Ortega owns 59% of the Madrid-listed company Inditex, which operates 7,500 stores across the globe and is home to eight different brands, including Massimo Dutti and Pull Bear.

The Spaniard is known to be a very private person, and he has admitted that he would prefer not to be recognized when he is out in public: "In the street, I only want to be recognized by my family, my friends, and people I work with."

What kind of salary does he make?

Forbes estimates that Ortega's net worth is $62.2 billion, which places him as the 19th richest person on the planet. His Artexio company, which runs the eight retail stores, brought in a total of €27.7 billion in revenue in the fiscal year that ended on January 31, 2022.

In each of the years 2015, 2016, and 2017, Ortega held the title of being the richest person in the world for a brief period of time.

A variety of additional financial interests

In contrast to Ortega, who has not yet ventured into the world of professional sports, most of Ortega's investments have been made in the real estate markets of Madrid, Barcelona, London, Chicago, Miami, and New York.