The Glazer family are exploring the sale of Manchester United.
According to Sky News, investment bankers have been instructed by United’s American owners to advise on the process, which could result in a full sale of the club.
The report claims that an official announcement from United and the Glazers could come ‘imminently’.
The Glazer family took control of United in 2005 in a deal which saddled the club with £660 million of debt. Before the takeover, United were debt free but that figure currently stands at £514.9m.
United’s supporters have staged multiple protests against the Glazers during their 17-year reign and have frequently raised concerns over the lack of investment at the club during their ownership.
The chant ‘Love United, hate Glazers’ is also regularly sung by United fans during games at Old Trafford.
According to reports last month, the Glazers are demanding £9 billion in order to sell United.
In May, Chelsea were sold by Roman Abramovich to a group led by American businessman Todd Boehly and investment firm Clearlake Capital for £4.25bn.
Sir Jim Ratcliffe could now explore the possibility of a move for United after his failed attempt to purchase Chelsea earlier this year.
The British billioniare, who is a United supporter, claimed in October that he would have put forward a proposal in the summer if the Glazers wanted to sell.
‘I’m a lifelong Manchester United fan. I was there in 1999 for the most remarkable match of all time in Barcelona. So, you know, the club is deeply etched in my mind,’ Ratcliffe said.
‘But Manchester United is owned by the Glazer family. I have met Joel and Avram, who are the nicest people, proper gentlemen, and they don’t want to sell.
‘The club is owned by the six children of the father, Malcolm, and they don’t want to sell it.
‘If it had been for sale in the summer, yes, we would probably have had a go, following on from the Chelsea thing.
‘But we can’t sit around hoping that one day United will become available.’
For more stories like this, check our sport page.
Follow Metro Sport for the latest news on
Facebook, Twitter and Instagram.from Football – Metro https://ift.tt/pcERXm0
No comments:
Post a Comment