MX23RW : Sunday, November 24 09:33:47| >> :60:2998:2998:

Glazers 'could be persuaded to sell Manchester United'

Glazers 'could be persuaded to sell Man United'
© Reuters
The Glazer family are reportedly open to the prospect of selling Manchester United, but it could take an offer of more than £4bn to convince them to leave.

The Glazer family are reportedly open to the idea of selling Manchester United, but only if a potential buyer stumps up an offer of at least £4bn.

The American owners have come under mounting pressure to sell their stake in the club following their involvement in the attempted European Super League breakaway.

Supporters have been unhappy with the Glazer family's ownership since their takeover in 2005, with the club's debt skyrocketing from nothing to £837m by the end of 2019-20.

The Super League plans have sparked a fresh wave of protests, ultimately leading to Sunday's scheduled Premier League showdown with Liverpool being abandoned after fans broke into Old Trafford and demonstrated on the pitch.

The Times now reports that the Glazers would consider selling their shares in the club, which are currently estimated to be worth around £2.1bn.

However, it would reportedly take a bid of at least £3bn for the Glazers to accept an offer, while lenders could also then invoke of "change-of-control clause" and demand repayment from any new owner, adding almost £1bn extra onto the price.

The Glazer family currently take out around £16.5m from the club in dividends every year, and Joel Glazer was one of the leading proponents of the Super League plans.

The Glazers bought Man United for around £790m, but borrowed an estimated £600m of that from banks and have seen those debts rise significantly due to the interest charged.

ID:445961:1false2false3false:QQ:: from db desktop :LenBod:collect2330:

Click here for more stories about Joel Glazer

Click here for more stories about Manchester United

Collect / Create New Data
Share this article now:
Manchester United executive vice-president Ed Woodward pictured in September 2020
Read Next:
Ed Woodward: 'Man United will not seek a Super League revival'
>
Sports Mole Logo
Enter your email address to subscribe to Sports Mole's free match previews newsletter! Updates are sent twice a week.
rhs 2.0
Today's games header
6pm
Vikings
@
Bears
6pm
Lions
@
Colts
6pm
Patriots
@
Dolphins
6pm
Buccaneers
@
Giants
6pm
Chiefs
@
Panthers
6pm
Titans
@
Texans
6pm
Cowboys
@
Washington
9.05pm
Broncos
@
Raiders
9.25pm
49ers
@
Packers
9.25pm
Cardinals
@
Seahawks
Tables header RHS
TeamPWDLFAGDPTS
1Liverpool119112161528
2Manchester CityMan City127232217523
3Chelsea126422314922
4Arsenal126422112922
5Brighton & Hove AlbionBrighton126422116522
6Tottenham HotspurSpurs1261527131419
7Nottingham ForestNott'm Forest125431513219
8Aston Villa125431919019
9Newcastle UnitedNewcastle115331311218
10Fulham125341717018
11Brentford125252222017
12Manchester UnitedMan Utd114341212015
13Bournemouth124351617-115
14West Ham UnitedWest Ham113351319-612
15Everton122551017-711
16Leicester CityLeicester122461523-810
17Wolverhampton WanderersWolves122372028-89
18Crystal Palace121561017-78
19Ipswich TownIpswich111551222-108
20Southampton11119721-144


Sports Mole provides in-depth previews and predictions for every match from the biggest leagues and competitions in world football.
Argentina's Lionel Messi kisses the World Cup trophy after collecting the Golden Ball award on December 18, 2022Sign up for our FREE daily preview newsletter direct to your inbox!