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Billionaire Ortega approaches Man Utd owners about takeover talks

Spanish billionaire Amancio Ortega is in talks with the Glazers about buying Manchester United.

Ortega, the founder of clothing brand Zara and the 19th richest man in the world, has thrown his hat in the ring to buy United, says the Manchester Evening News.

He has 'already spoken to Old Trafford executives' to declare his interest in buying United.

Ortega is 86 and is reported to be worth $61.3billion, according to Forbes' billionaire rich-list.

The Spanish fashion billionaire has no previous experience running a sports team and has instead made his money in real estate and fashion.

He owns 59 per cent of the Inditex clothing empire, which he started in 1975, and last year appointed his daughter, Maria Ortega Perez, as chairwoman of Zara.

Ortega, who has three children, would represent a shift from the Glazer family, who have owned Manchester United since 2005.

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