Manchester United News: As pressure mounts to sell the team, the Glazer family have set a minimum sale price of £3.75bn for Manchester United.
Since the beginning of the new season, there have been numerous amateur demonstrations. Fans joined Gary Neville in calling on the American family to relinquish control of Old Trafford. They paid £790m for the club in 2005 and loaded it up with debt through a leveraged buyout.
Sir Jim Ratcliffe, Britain’s richest man and a lifelong fan, recently made headlines by announcing his desire to buy his beloved team. Now, Dubai’s business tycoons are rumored to be considering a move.
It has already been widely reported that the Glazers are considering selling minority ownership of the team. Still, the price of a full takeover has now been revealed. This will force them to sell the club after 17 turbulent years.
Manchester United News: What did the Daily Mail report?
The Daily Mail estimates it would only need around £3.75bn, though it could need as much as $5bn. Most bidders would find it difficult to come up with that amount. a sovereign wealth fund could, especially with rumors of Dubai joining the Premier League party.
The Emirati state has yet to join the Premier League like its neighbors Abu Dhabi and Saudi Arabia, owners of Manchester City and Newcastle respectively. However, United could persuade them.
Owner of INEOS and French club Nice, the Red Devils Ratcliffe supporter declared his wish more than three weeks ago.
What did Ratcliffe’s spokesman say?
“Jim is absolutely a potential buyer if the club is for sale. If something similar could be achieved, we would be open to discussing long-term ownership.
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“The amount of money spent or not spent is not the issue. Jim is considering his options and feels a fresh start is necessary given how important the club is to the community.”
What SHOULD you say?
In response to Ratcliffe’s query, the Manchester United Supporters’ Trust (MUST) issued the following statement: “Speculation is growing about a possible change of ownership or new investors in Manchester United. The right change must be made, even when supporters have advocated the change.
“Any potential new owner or investor must be dedicated to the club’s culture, spirit and best traditions. To restore United to its former glory, he must be willing to make an investment. That investment must be genuine fresh money spent on the game and stadium side.
“The operating model of any new ownership structure must incorporate supporters, including share ownership by some fans. Supporters will use these standards to evaluate any offer. We welcome any discussion with any bidder and are open to having one.”
