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Their present of $five.2 billion, at the time unprecedented in all of sports, was accepted by Raine on behalf of Chelsea. (As the outcome of an agreement with the UK government, the income from the sale was to go to a charitable foundation to be produced by Abramovich.) As the transaction drew closer to the finish line, there were no cork pops. Most sports-team auctions finish with a phase of increasingly solitary haggling over the finer deal points. A handful of months ago, a silver-haired businessman named Thomas Zilliacus was sitting on the terrace of an Austrian ski lodge when, idly scrolling by way of the news on his phone, he study an item that stated Manchester United was up for auction. Zilliacus, an investor from Finland who got wealthy in the global telecom enterprise, hadn’t previously identified that the Glazer household was promoting. According to what he study, the deadline to express an interest in United was set to close that quite day. Zilliacus reached out to the bankers supervising the deal to see if he nonetheless had time, and then he fired off a bid. A merchant bank in New York, the Raine Group, was handling this auction.