Manchester United takeover: Glazers expected to continue as owners?
The current owners of Manchester United, the Glazers family are expected to continue at the helm of the club after week of immense drama in takeover talks.
According to a report from The Athletic, the Glazer ‘remain firmly in control’ of the club even after numerous attractive offers pouring in since news broke out that Manchester United are listed for sale.
The report claims that the current owners are unsure what to do with the club as the siblings or holders of the organisation remain divided in opinion. As of now, no final decision is taken and Manchester United will continue to be under the ownership of the Glazers family.
Only two interested parties have gone public with their proposals to buy the club.
Sir Jim Ratcliffe, the owner of INEOS has communicated his offer through Raine, a merchant bank facilitating a potential sale. He wants to continue the same reign as that of the Glazers, where he will take over the 69 per cent stake held by the current owners.
In contrast to his offer, Sheikh Jassim of the Qatar Islamic Bank has communicated to the present owners that he wants to take over the whole 100 per cent of the club — an outright purchase.
The bidding war which The Glazers wished has not even gained ground, and this might have been an attempt to test the waters before they proceed to the official sale of Man United.
Kieran Maguire, lecturer of football finance at the University of Liverpool claimed that:
"“It is possible because they (the Glazers) are convinced that Manchester United is worth an absolute fortune and if other people don’t share that view, then why sell?”"
The recent upheaval of the club under Erik Ten Hag has sparked an increase in the club’s net worth and if they manage to secure the Champions League for next season, an even greater fortune lies at the hands of the American owners.
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