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EPL news 2021, Manchester United, Central Coast Mariners, talks to buy, price, sale, latest, move to Sydney

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Manchester United have entered talks to buy out the A-League licence of current leaders Central Coast Mariners with the view of relocating the team to Sydney, according to reports.

According to the Sydney Morning Herald, the club, which recently slipped to fourth on Forbes’ rich list and have an estimated value of $5.5bn, have held lengthy talks with Mariners owner Mike Charlesworth in the UK about buying the licence and turning it into a Manchester United sister club.

The Mariners are financially hamstrung and while a deal is not yet completed, the SMH reports United are willing to come to the rescue of the cash-strapped A-League ladder toppers.

Although, it could come at the expense of losing the club’s affiliation with the Central Coast region.

The proposed takeover would reportedly see the Mariners rebranded and moved to Sydney’s northern suburbs, with North Sydney or Brookvale likely to be the club’s new home base.

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It appears Manchester United are keen to follow the lead of the owners of their cross-city rivals Manchester City, who completed the purchase of Melbourne Heart back in 2014 and rebranding it as Melbourne City.

It forms a key part of the City Football Group global network, which also includes clubs from America, India, Japan, Spain, Uruguay, Belgium, France and China.

Melbourne Heart was originally sold for $11m for an 80 per cent share, before the remaining 20 per cent was purchased at a later date for $2.25m.

Any purchase would a nominal fee for a club like United, which earned more than $900m last year and spent more than $100m on players during the last two transfer windows alone.

Should the deal go through, any transfer of the club licence, rebranding and relocation would have to be signed off by Football Australia and gain a majority from the remaining A-League clubs.

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