Tuesday September 26, 2023
The Best Employers in Sports Survey is Now Open!

Manchester United Bids Reportedly Too Low for Glazers

  • Two public bids for the iconic club have been confirmed.
  • Telegraph Sport reported the bids would need to be larger in order for the Glazers to sell.
Manchester United forward Marcus Rashford celebrates with teammates after scoring.
Manchester United FC
Front Office Sports Today

How Jamie Erdahl Made Good Morning Football Her Own

Jamie Erdahl joins to discuss her career and the growth of “Good Morning Football.”
Listen Now
September 25, 2023 | Podcast
Copy Link
Link Copied
Link Copied

The only two public bids for Manchester United are reportedly too low for the club’s current owners.

Qatari Sheikh Jassim bin Hamad Al Thani and Jim Ratcliffe’s INEOS have both confirmed their separate bids for the Premier League club, but Telegraph Sport reported that the bids would need to be larger in order for the Glazers to sell.

Sheikh Jassim confirmed his bid for a full takeover without debt on the Feb. 17 deadline. It was reported that INEOS, which has the help of Goldman Sachs and JPMorgan Chase & Co., wanted to take a 69% stake in the club. 

It’s unclear how much either bid is, but neither are believed to reach the roughly $6 billion the Glazers are thought to be looking for, which would be a record price for a sports team. Forbes last valued the club at $4.6 billion.

Raine Group was hired by the Glazers, who purchased the team for roughly $942 million in 2005, in November to explore a potential full or partial sale. The Athletic reported on Friday that Joel and Avram Glazer are reluctant to sell, but are unable to buy out the four family members who do want to sell.

Elliott Management, Ares Management, and Oaktree Capital have all reportedly offered funding to bidders.

Copy Link
Link Copied
Link Copied

What to Read

Commanders Still Face Legal Fight Over Former Name

More than three years after shedding their former nickname, the Washington Commanders are still facing legal hurdles in connection with it. 

ESPN's Reported Studio Closures Could Mean More Layoffs

ESPN's Seaport studio will reportedly close by 2025.

NFL Owners' Debt Limit Could Increase To $1.6B

Currently, new NFL owners can use $1 billion of debt.

Colorado Blowout Loss Slows Down Coach Prime Frenzy

Blowout loss to Oregon drops Buffaloes out of the Top 25
podcast thumbnail mobile
Front Office Sports Today

How Jamie Erdahl Made Good Morning Football Her Own


Featured Today


Oakland-MLB Relationship Devolves Into Next-Level Toxicity

Commissioner, mayor have very different accounts of July meeting
Jacksonville Jaguars Team President Mark Lamping addressed community members at Strings Sports Brewery on Main Street for the first of 14 planned town hall sessions to present the team's plans for the new "stadium of the future" complex and address the public concerns.
September 25, 2023

Jacksonville Jaguars President Walks Back Stadium ‘Threat’

"Viewing those comments as a threat to leave Jacksonville isn't correct."
Chatri Sityodtong
September 25, 2023

ONE Championship's Quest To Challenge Rival UFC Through U.S. Expansion

Leveraging its Amazon deal, ONE Championship seeks to expand in U.S.
September 24, 2023

Savannah Bananas Break All The Rules To Hit The Mainstream

Team concludes 2023 tour with even-bigger plans for next year


Powered By

Careers in Sports

Looking for a new job? Check out these featured listings and search for openings all over the world.
Chicago Cubs
New York
Tri Star Sports and Entertainment Group, Inc.
USA - Multiple Locations

Hollywood Writers' Deal Would Boost Sports Networks and Agencies

Several major sports media entities, talent agencies exposed to strike's effects
September 21, 2023

TKO Makes First Big Move After WWE-UFC Merger

Investors drop TKO shares by 15% following SmackDown rights deal
September 15, 2023

Goldman Sachs Opens Door For Clients To Invest In Sports Teams

Firm initiative opens new opportunities for wealthiest clients
An Everton player displays shirt sponsor Stake.com, a gambling company, during a match.
September 15, 2023

Everton Acquisition By 777 Partners Extends U.S. Presence in Premier League

American entities now control half of Premier League clubs
September 12, 2023

TKO $21B Merger Closes With Aggressive Ambitions

Newly created company looks to accelerate existing growth trajectory
September 7, 2023

Pinault Completes Landmark $7B Acquisition Of CAA

Major talent agency now in control of French billionaire
PFL Bellator
September 1, 2023

Professional Fighters League in Discussions to Acquire Bellator

The Professional Fighters League is seeking to purchase Bellator MMA.
CAA logo on side on building
August 31, 2023

French Billionaire Nears $7B Deal For Talent Agency CAA

Pinault showing confidence in agency business despite existential challenges