Man Utd: Glazer family are ‘open to selling a minority stake in the club’ amid growing unrest
BREAKING NEWS: The Glazer family ‘could be open to selling a minority stake in Manchester United and has held talks with potential investors’ – with fans furious over their ownership and the club now valued at £5bn
- The Glazers are under increasing pressure to leave Manchester United
- United have got off to a woeful start this season, suffering two straight defeats
- Several fans and ex-players want to see the club’s unpopular owners depart
- Reports claim the Glazers would be prepared to sell a minority stake in the club
- But they are not prepared to agree a full sale, which could cost suitors £5billion
The Glazer family will consider selling a minority stake in Manchester United football club – according to reports.
Pressure is mounting on the Glazers following United’s atrocious start to the 2022-2023 Premier League season, with former defender Gary Neville calling for them to ‘explain their plan’ amid the club’s struggles.
Erik ten Hag’s side were beaten 2-1 at home by Brighton in their opening game of the season, before suffering a humiliating 4-0 defeat away at Brentford last weekend.
Red Devils fans and ex-players are desperate for radical changes to be made at Old Trafford, and the Glazers are now entertaining the idea of a significant change at board level.
According to Bloomberg, the United owners have held preliminary discussions about the possibility of bringing in a new investor.
While they are not yet ready to cede control entirely, it is believed Joel and Malcolm Glazer are open to selling a minority stake in the club.
A full sale could cost potential suitors a staggering $6billion (£5billion), but the unpopular American duo have no intention of walking away from United.
Discussions are believed to be ongoing over the matter, although there is no guarantee the Glazers will decide to offload any of their shares in the club.
Shares in United increased as much as 7.6 per cent in New York on Wednesday, with reports claiming the stock up was 4 per cent at 9:38am – giving the company an equity market value of $2.2billion (£1.8billion).
Given they remain one of the biggest clubs on the planet, the Red Devils would likely attract a number of high-profile investors in similar fashion to Chelsea, who were recently bought out by US tycoon Todd Boehly and private equity firm Clearlake Capital for £4.25billion.
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