Manchester United ‘could have new owners BEFORE the end of this season and part ways with the Glazers as early as SPRING next year’… with the American owners continuing to explore an exit from the club
- The Glazer family ‘could well sell Manchester United by the end of the season’
- In a statement last week, the Glazers revealed they were open to selling the club
- The American owners bought the club for £790m in 2009 but now want £5bn
- It is understood that the Glazers will sell in the spring if they commit to the sale
Manchester United could well have new owners by the end of the season, according to reports.
The Glazer family, who have owned United since taking over in May 2005, announced last week that they are open to selling the club, having explored ‘strategic alternatives’ at Old Trafford.
The American owners controversially purchased Manchester United in a leveraged buyout worth £790million and have since lacked popularity amongst several Red Devils supporters.
The Glazer family ‘could well sell Manchester United to new owners by the end of the season’
The Glazers have since amassed debts of over £500m at the club, and their failed attempt to kickstart the European Super League only fuelled more fan protests outside the walls of Old Trafford.
While the Glazers may yet decide to keep Man United and U-turn their decision to sell, the BBC understands that the family would be most likely to agree to a deal by spring next year.
The Americans revealed last week that they would sell the club for no less than £5billion. By comparison, Chelsea’s Todd Boehly-led consortium took over at Stamford Bridge last summer for £4.25bn.
US tech giant Apple and Spanish fashion mogul Amancio Ortega have both reportedly flirted with interest already, but they will no doubt have to pay in excess of Manchester United’s valuation, which was $3.65bn (£3.05bn) on the New York Stock Exchange at the close of trading on Tuesday.
Fans have continually protested against the Glazers since their £790m takeover in May 2005
The owners’ decision to sell the club came in the wake of damning comments made by Cristiano Ronaldo during his explosive, tell-all interview with Piers Morgan earlier this month, which shed light on the lack of progress Manchester United had made under the Glazer rule.
The Portuguese superstar claimed that training facilities had barely improved in Manchester since his exit to Real Madrid in 2009, and he criticised the board for hiring interim manager Ralf Rangnick.
With new head coach Erik ten Hag now at the helm, United’s new owner will no doubt be tasked with renovating facilities at Old Trafford and Carrington on top of the initial sale price.
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