Following reports on Sunday, the Glazers, who control Manchester United, have had a bad week on the New York Stock Exchange.
In the past 24 hours, there has been another ray of optimism presented to Manchester United supporters who are hoping for a sale.
Since Sunday, when the Daily Mail reported that the American family was prepared to take the Reds off the market, concerns over the Glazers’ desire to sell the club have increased. According to a number of stories from different media sources, the Raine Group, the company managing the sale on behalf of United’s owners, and the prospective buyers Sheikh Jassim bin Hamad Al-Thani and Sir Jim Ratcliffe were not aware of any modifications to the sale procedure.
Gary Neville still believes the club will eventually be sold, but fans are concerned because there haven’t been many official updates since the’strategic review’ was revealed in November. Still, there
Below are the headlines from Wednesday’s takeover news.
United bidders continue to communicate with the team
Sheikh Jassim and Ratcliffe are in touch with the appropriate parties over the potential sale of United, according to The Times. They assert that Raine spoke with the bidders as late as last week.The glacial pace of the takeover process is reported to have ‘exasperated’ the two front-runners, and there is anger about the current owners’ apparent inaction.
Why United is worth £10 billion to the Glazers
Football finance specialist Kieran Maguire believes the Glazers may have valued United at £10 billion after seeing Barcelona, according to an interview with Football Insider. “I don’t think the Glazers were trying to avoid a sale of the club,” he said in further explanation.
“When Chelsea was sold for £2.5 billion in May 2022, it actually changed how all football teams were valued. However, I believe the Glazers have observed the large valuations being ascribed to certain Barcelona components, where the team has employed what they refer to as economic levers that appear to have payday loan qualities.
The Glazers have totaled those costs and, in their estimation, the club is now worth between