The Glazer family, who owns Manchester United, are reportedly divided over the possibility of selling the football club after receiving offers that fell short of their £6bn valuation. In November, the American owners announced that they were willing to explore strategic alternatives for the club, including a full sale, sparking optimism for a new era at Old Trafford. However, two offers received prior to a soft deadline of February 17 from Sir Jim Ratcliffe and Sheikh Jassim Bin Hamad Al Thani both failed to meet the Glazers’ mammoth valuation, leaving them “underwhelmed.”
According to Sky Sports News, Joel Glazer and Avram Glazer are not willing to cede control of Man United and believe that a £6bn asking price is fair due to the club’s global reach and opportunities for future growth. Kevin Glazer, Edward Glazer, Darcie Glazer and Bryan Glazer, however, would welcome a sale.
The Glazers’ uncertainty over a possible takeover at Old Trafford has led to a nearly 10% plummet in Man United’s share price. Despite this, a new offer has reportedly come in for a minority stake from Luxembourg-based hedge fund Geneva Associates. A minority shareholding would see the Glazers remain in control.
The Glazers have been criticized for saddling the club with hundreds of millions of pounds worth of debt since completing a full takeover of Man United in 2005. The uncertainty surrounding a possible sale of the club has led to division within the family. While Avram and Joel remain committed to retaining control, Kevin, Edward, Darcie, and Bryan would welcome a sale. The speculation surrounding the potential sale has not affected Man United’s on-field performance, with the Red Devils recently winning the EFL Cup final over Newcastle United with a 2-0 victory.
