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Thursday, July 18, 2024
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Glazers to Begin Weighing Offers for Manchester United

  • Many across European soccer are concerned that it might not sell, while others within the club maintain that it will.
  • Joel and Avram Glazer are reportedly less willing to sell and are looking for minority investors.
Glazers family looks to sell Manchester United.
Manchester United FC

If Manchester United is really going to be sold, the next few days could be crucial.

The Glazer family intends to “delve deeper” into the offers to buy their storied club and begin negotiating with those who have lodged offers in the coming days, according to The Telegraph.

Many across European soccer have expressed concern that the Glazers may not end up selling Man United, while others within the club maintain that a sale will still happen.

The Telegraph reports that four of the Glazer siblings — Kevin, Edward, Bryan and Darcie — are ready to part with the club for the right price. But Joel and Avram Glazer, the co-chairmen who have been most involved with the club for years, are reportedly less willing to sell and are looking for minority investors.

Manchester United players celebrate together after a goal

Manchester United Turns Profit Ahead of Potential Sale

Manchester turned a $7.8 million net profit for its fiscal second quarter.
March 30, 2023

The sale price of the club has been a sticking point throughout the process.

Qatar’s Sheikh Jassim bin Hamad Al Thani and U.K. billionaire Jim Ratcliffe are believed to have entered offers of around $6.2 billion — which would make United’s sale the largest in the history of professional sports.

But the Glazers are apparently still looking for their original asking price of $7.5 billion. Sheikh Jassim has expressed a willingness to get closer to that price.

Finnish billionaire Thomas Zilliacus is also believed to be a finalist for the outright sale.

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