The Glazer family, who have owned United since taking over in May 2005, announced last week that they are open to selling the club, having explored ‘strategic alternatives’ at Old Trafford.
The American owners controversially purchased Manchester United in a leveraged buyout worth £790million and have since lacked popularity amongst several Red Devils supporters.
The Glazers have since amassed debts of over £500m at the club, and their failed attempt to kickstart the European Super League only fuelled more fan protests outside the walls of Old Trafford.
While the Glazers may yet decide to keep Man United and U-turn their decision to sell, the family would be most likely to agree to a deal by spring next year.
The Americans revealed last week that they would sell the club for no less than £5billion. By comparison, Chelsea’s Todd Boehly-led consortium took over at Stamford Bridge last summer for £4.25bn.
US tech giant Apple and Spanish fashion mogul Amancio Ortega have both reportedly flirted with interest already, but they will no doubt have to pay in excess of Manchester United’s valuation, which was $3.65bn (£3.05bn) on the New York Stock Exchange at the close of trading on Tuesday.
Discussion about this post