Home Sports Glazer Family Set To Sell Manchester United In Its Entirety: Report

Glazer Family Set To Sell Manchester United In Its Entirety: Report

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Glazer Family Set To Sell Manchester United In Its Entirety: Report

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Last Updated: January 25, 2023, 15:24 IST

Manchester United stadium Old Trafford (AP Image)

Manchester United stadium Old Trafford (AP Image)

Lifelong Manchester United fan Jim Ratcliffe has expressed his curiosity in shopping for the beloved membership

The Glazer household owns Manchester United, the enduring Premier League membership, since 2005. Die-hard followers of the Red Devils have long-protested towards the Glazers’ controversial, debt-burdening 18-year reign. The Glazers introduced in November 2022 that they might discover exterior funding alternatives for the membership. Now a Daily Mail report means that the controversial American house owners are ready to promote the whole thing of the membership this yr.

Earlier, there have been some speculations that the Glazer household may retain a controlling curiosity in Manchester United. But the most recent Daily Mail report shall be greeted by United followers who’ve demanded a full takeover of United, quite than funding in trade for a stake.

Reportedly, events have signed confidentiality clauses and have been supplied with entry to the membership’s financials. US service provider banker Raine Group is dealing with the potential sale.

The Glazers had bought Manchester United in a deal price £790m again in 2005. They at the moment are searching for as a lot as £eight billion to promote Manchester United, reported Mirror Football. This payment is far more than the £4.2 billion that Todd Boehly paid for Chelsea. If the deal certainly goes via, it might make Manchester United probably the most precious sports activities staff on this planet, eclipsing the NFL franchise Dallas Cowboys who’re mentioned to be price £7.23bn.

United’s new proprietor must foot the invoice to both redevelop Old Trafford or construct a brand-new stadium. United’s coaching floor additionally requires a big improve.

Lifelong Manchester United fan Jim Ratcliffe has expressed his curiosity in shopping for the beloved membership. The British billionaire had beforehand tried to buy Chelsea earlier than a Todd Boehly-led consortium beat him to Stamford Bridge.

Manchester United has a wonderful legacy however the fan-favorite membership is now nicely faraway from the golden Sir Alex Ferguson period because it has not received any type of a significant trophy since 2017.

United has not received the Premier League since Sir Alex Ferguson’s departure in 2013. The membership is on an upward trajectory underneath Erik ten Hag and is likely one of the best-supported groups on this planet. United’s iconic standing ensures huge business alternatives to the successful bidder.

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