Openda Receives Offer from Manchester City for 60M€, Refusing Low-Price Sale

Manchester City has reportedly received an offer from OpenDA for €60 million in cash for the club's ownership stake in the company.

The offer was made by the Manchester City Football Club Foundation (MCFF), which is the charitable arm of the Premier League champions.

OpenDA is a private equity firm that specialises in technology and digital businesses.

If the offer is accepted, it would be a significant blow to the MCFF, which owns 25% of OpenDA.

The deal would value OpenDA at €1.5 billion, making it one of the most valuable companies in the UK.

However, the MCFF has refused to sell its stake in OpenDA for a low price.

In a statement, the MCFF said: "We have always been committed to ensuring that OpenDA remains a sustainable business with a clear future, and we will continue to work closely with our partners to achieve this."

The MCFF also stated that it had no plans to sell any part of its ownership in OpenDA.

The refusal of the MCFF to sell its stake in OpenDA has raised concerns about the future of the company and its ability to compete with other tech giants such as Amazon and Apple.

It also raises questions about the potential impact of the deal on the wider tech industry, particularly in relation to data privacy and security.

Overall, the news that Manchester City has received an offer from OpenDA for €60 million has caused some concern among investors and analysts.

However, the MCFF's decision not to sell its stake in OpenDA suggests that the company will remain a strong player in the tech industry for years to come.