More
    HomeSportsGlazer Family Decides Not to Sell Manchester United, Aims for £10 Billion...

    Glazer Family Decides Not to Sell Manchester United, Aims for £10 Billion in Future Sale

    Published on

    By Ibrahim Danladi

    In a surprising turn of events, the Glazer family has decided to withdraw Manchester United from the market due to their failure to secure an acceptable offer, according to Mail Sport. Despite anticipating multiple serious bidders, the wealthy American family has been unable to meet their desired asking price.

    The Glazers are prepared for potential backlash from supporters, but a source close to the situation emphasized their resilience, stating, “The Glazers are thick-skinned and will not be influenced by any negative fan reactions.”

    Last November, the Glazers had indicated their openness to offers for either a 100 percent sale of the club or a partial sale that would have allowed them to retain a significant stake. However, only two notable bidders emerged: Sheik Jassim of Qatar, who sought full ownership, and Sir Jim Ratcliffe, whose proposal would have left the Glazers with a minority interest.

    Despite recent speculation suggesting that the Qatari bid was close to acceptance, the situation has remained unchanged.

    Reportedly, the Glazer family intends to revisit the possibility of selling Manchester United in 2025, hoping that by then, improved financial and “environmental” factors will attract more potential buyers. They aim to achieve a sale worth between £7 billion and £10 billion in the future.

    Latest articles

    EFCC Arraigns Construction Company GMD for Alleged $600,000 Fraud in Enugu

      The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC has arraigned...

    EFCC, NFIU Collaboration Earns Nigeria Global Award

        The collaboration between the Economic and Financial Crimes Commission, EFCC, and the Nigerian Financial...

    Olukoyede Hails Proceeds of Crime Act for Improved Asset Recovery, Management

      The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede...

    Alleged $6.52m Forgery: Court Rejects Defence Objection, Admits Olasubomi Osinusi’s Statement as Exhibit

      Justice Mojisola Dada of the Special Offences Court sitting in Ikeja, Lagos, on Thursday,...

    More like this

    EFCC Arraigns Construction Company GMD for Alleged $600,000 Fraud in Enugu

      The Enugu Zonal Directorate of the Economic and Financial Crimes Commission, EFCC has arraigned...

    EFCC, NFIU Collaboration Earns Nigeria Global Award

        The collaboration between the Economic and Financial Crimes Commission, EFCC, and the Nigerian Financial...

    Olukoyede Hails Proceeds of Crime Act for Improved Asset Recovery, Management

      The Executive Chairman of the Economic and Financial Crimes Commission, EFCC, Mr. Ola Olukoyede...