The Glazer family are reportedly confident of securing the outside investment needed to help them remain as Manchester United owners which could potentially double the value of the club.
According to Mark Ogden of ESPN, the Glazer family are confident of remaining as Manchester United owners and are aiming to double the club’s value over the next decade.
Despite announcing in November 2022 that they were considering a sale, these plans appear to be in the gutter following months of bidding from interest parties looking to purchase the 20-time Premier League champions.
Sheikh Jassim bin Hamad al Thani led the Qatari bid to buy United but faced stiff competition from Britain’s richest man Jim Ratcliffe – now it looks like neither will be able to get their hands on the club.
Both reportedly tabled offers below a £6 billion figure, which has been touted as the Glazers’ asking price to sell the club which they purchased in 2005 for less than £800 million.
A sale of £5 billion would mark the biggest takeover in sporting history following Todd Boehly’s £4.25 coup for Chelsea in 2021.
RELATED: Top 10 Biggest Takeovers In Football History As Qatar Bid For Man Utd
The Glazers are increasingly confident of securing the outside investment that will enable them to remain as Manchester United owners, a source has told ESPN. https://t.co/PI1hyIzKk5
— ESPN UK (@ESPNUK) April 17, 2023
The Glazers, who first took interest in Manchester United in 2003 when Malcolm Glazer became a shareholder, have come under hot water in recent years for the immoral methods used to acquire the club and their treatment of it since.
Fans have been protesting ever since the takeover, including large spikes in 2010 and 2021 which involved large-scale demonstrations both inside and outside the ground before and during matches.
Recently, New York-listed shares in Manchester United closed down nearly 5% at $22.02 – suggesting that the prospect of a complete sale is now unlikely – giving the club a market valuation of close to $3.8 billion (£3.1 billion).
Manchester United’s largest fans’ group, the Manchester United Supporters Trust (MUST) demanded an end to the auction ‘without further delay’. It looks they have their wish, but in a far from ideal outcome.
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