Glazer family to snub ‘massive offer’ for Man Utd takeover as owners pull plug on ‘full sale’

According to reports, potential buyers of Man Utd feel that the Glazer family are against a ‘full sale’ as they instead want to ‘secure a partner investor’.

The Glazer family announced at the end of November that they were putting Man Utd up for sale. They said stated that they would ‘evaluate all options’ and they admitted that a ‘full sale’ was possible.

There is seemingly a lot of interest in Man Utd, who are valued by the Glazer family at around £6bn. 

Sir Jim Ratcliffe was linked with Chelsea last year and he has already announced that he is interested in becoming the new owner of Man Utd.

The British billionaire is a lifelong United fan and this would likely endear him to the club’s supporters. But he faces heavy competition, perhaps no more so than from a consortium of Qatari investors.

Earlier this week, The Daily Mail reported that Qatari investors were planning a ‘massive offer’ to ‘blow rivals out of the water’.

It is said that the costs to redevelop Old Trafford would take the cost of buying Man Utd to around £8bn, but this ‘would not be a problem’ for them. The report added.

‘There are significant funds available. These people are serious. They want to make sure that United are where they should be and they are confident theirs will be the strongest bid.

‘They want to strengthen the squad to put them back at the top but they also want this to be for the good of the community.

‘They also want to build on the success of the World Cup. They recognise that Manchester United is the biggest football club in the world, the crown jewels, and there is a steely-minded determination to buy it and get it to where it should be.’

But a separate report from ESPN indicates that the Glazer family may not be interested in this offer from Qatari investors.

They are reporting that ‘potential bidders for Manchester United believe the club’s owners, the Glazer family, are aiming to secure a partner investor at Old Trafford rather than a full sale’.

Interested parties are said to be ‘sceptical’ that the Glazer family are looking to let go of all their stake in Man Utd. It has ‘not been ruled out’ that they could bring in a ‘wealthy investor to help fund the club’s plans to upgrade Old Trafford and United’s Carrington training ground’.

The club have debts of over £500m and ‘more than £300m is owed in transfer payment instalments’. Therefore, ‘the Glazers require outside investment to ensure that the club can compete at the top level’.

But the report adds that the Glazer’s £6bn asking price is ‘unrealistically high’ due to United’s ‘debt and need for additional funds to upgrade Old Trafford’.

READ MORE: Who will buy Manchester United? The potential new owners as deadline for bids approaches…

Author: editor

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