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

    GOV FUBARA CHARGES 12 NEW PERMANENT SECRETARIES TO ABIDE BY OATH OF OFFICE

      The Governor of Rivers State, Sir Siminalayi Fubara has charged twelve newly appointed Permanent...

    US Ends Visa Services in Nigeria, 24 African Cities From August 1

      The United States of America (USA) government has announced it will discontinue routine visa...

    FG flags off national grassroots LPG penetration programme in Bayelsa 

      The Federal government on Tuesday flagged off the National Grassroots Liquified Petroleum Gas (LPG)...

    Obi Felicitates Governor Soludo on Birthday

      Presidential candidate of the Nigeria Democratic Congress (NDC), Mr. Peter Obi, has extended warm...

    More like this

    GOV FUBARA CHARGES 12 NEW PERMANENT SECRETARIES TO ABIDE BY OATH OF OFFICE

      The Governor of Rivers State, Sir Siminalayi Fubara has charged twelve newly appointed Permanent...

    US Ends Visa Services in Nigeria, 24 African Cities From August 1

      The United States of America (USA) government has announced it will discontinue routine visa...

    FG flags off national grassroots LPG penetration programme in Bayelsa 

      The Federal government on Tuesday flagged off the National Grassroots Liquified Petroleum Gas (LPG)...