Is Britain’s richest man being ghosted by its richest soccer team?
Worth an estimated $11.6 billion, Ratcliffe’s interest isn’t unwarranted. The Glazers, who purchased the team for a reported $951 million in 2005, are currently seeking at least $235 million in funding to make infrastructure improvements to the team’s Old Trafford stadium.
- A loan and stake sale have reportedly been discussed.
- Funds in exchange for a part of the team’s media rights are likely, per The Times.
Outlets recently reported that the Glazers would seek a record $5.9 billion — at least — if they were to sell the team. Forbes last valued the team at $4.6 billion.
The Glazers are facing scrutiny from Man U fans, with mounting pressure to sell.
Under the family, who also owns the Tampa Bay Buccaneers, Man U has paid around $1.1 billion in interest and debt repayments, while the family has collected $406 million in consulting fees, dividends, and share sales.