Man Utd ‘to be taken off market as Glazers now want £10billion’ but American owners already have new sale date in mind

MANCHESTER UNITED will be taken off the market, according to a new report.

It’s claimed that the Glazers have failed to get close to their valuation of the club and intend to end the sale process.

The Glazers have been actively seeking to sell the club since November

The Glazers have been actively seeking to sell the club since NovemberCredit: Getty

It's now claimed they want £10billion

It’s now claimed they want £10billionCredit: Reuters

Manchester United fans stages a protest last week

Manchester United fans stages a protest last weekCredit: Getty

The report, from the Daily Mail, comes after SunSport told you that bidder Sheikh Jassim was closing in on purchasing the Premier League side for £billion.

The Qatari royal has been battling with British billionaire Sir Jim Ratcliffe for months to buy the club.

Jassim’s team had been completing due diligence on the club with the end of the 18-year reign of the loathed Glazers appearing in sight.

However this new report will throw doubt on the entire sale process which started in November last year.

It’s claimed that the Glazers now want closer to £10BILLION to sell up.

The story alleges that the American owners will try and sell the club again in 2025.

It’s believed they think the financial environment in two years time will attract more bidders.

However, Manchester United legend Gary Neville is sceptical about the latest update, tweeting: “I don’t believe the Glazers not selling/doing anything story. They have to do something.

“They’ve run out of money and the financial situation is desperate. They need investment in.

“They’re also having a toxic impact on the club from the inside out.

“The negligence continues for now but I don’t think it can go on without some action on raising funds. Also who would come in as a minority alongside them with the damage it would do to their reputation.”

Manchester United fans will be furious at the prospect of the current owners sticking around.

Many supporters staged a sit-in protest at Old Trafford last week urging them to go.

It comes after years of protests at their ownership.

As and when the Glazers do eventually sell, they will make a healthy profit having lumbered United with massive debts when they completed their £800million takeover back in 2005.

The servicing of that debt has since cost United over £1bn.

And their last financial figures showed that the gross debt is £725m — the highest it has been since 2010.

Sheikh Jassim, if ultimately successful in purchasing Manchester United, would wipe that out to save on any further fees and not take any dividend payments from the club, like the Glazers did.

He also plans to upgrade both Old Trafford and the club’s Carrington training ground, while continuing the investment in the team.

Manchester United are in action today, taking on Arsenal.

Fans made their feelings toward the current owners clear at a sit in protest

Fans made their feelings toward the current owners clear at a sit in protestCredit: Getty

Sir Jim Ratcliffe has also been linked with the club

Sir Jim Ratcliffe has also been linked with the clubCredit: PA

Sheikh Jassim had been expected to take over

Sheikh Jassim had been expected to take overCredit: Not known, clear with picture desk

Related Posts

Sad News: 30 minutes ago ,At the age of 85, Smokey Robinson’s family shocked fans by CONFIRMING that he had …Read more

Iп a deeply emotioпal aппoυпcemeпt jυst 30 miпυtes ago, the family of legeпdary Motowп icoп Smokey Robiпsoп has stυппed faпs aroυпd the world by coпfirmiпg that the beloved siпger aпd soпgwriter, at…

Read more

SAD NEWS: 1 hour ago in Las Vegas. At the age of 55, after attending Amas, the family of star Jennifer Lopez just announced to fans the urgent news that she has… -1

Iп a shockiпg tυrп of eveпts, the family of global sυperstar Jeппifer Lopez has aппoυпced υrgeпt пews regardiпg her health, jυst aп hoυr ago iп Las Vegas. The beloved siпger,…

Read more

TRISTES NOTICIAS: Se confirmó que la actriz de 35 años de The Young & the Restless estuvo en el accidente aéreo en Filadelfia y su familia confirmó que estaba…

Una tragedia ha azotado al mundo del entretenimiento. Una actriz de 35 años, conocida por su papel en ”  The Young & the Restless  “, confirmó  haber subido a bordo del pequeño avión…

Read more

ÚLTIMA HORA: El único superviviente del accidente aéreo de Air India en Ahmedabad fue Vishwash Kumar Ramesh, de 40 años. Estaba consciente y dijo: «Cuando me caí y desperté, había cadáveres a mi alrededor. Mientras corría, una mano…» 2

Las autoridades indias dicen que al menos un sobreviviente del avión de Air India que se estrelló en Ahmedabad era un pasajero del asiento 11A. La policía encontró a un…

Read more

UPDATE: Police released a list of hundreds of victims killed in the India plane crash 30 minutes ago, just as Whoopi Goldberg’s family painfully admitted that she had…

UPDATE: Whoopi Goldberg Narrowly Escapes Tragic India Plane Crash as Victims’ Names Released In a devastating development that has rocked India and the global community, authorities have just released the…

Read more

BREAKING: The sole survivor of the Air India plane crash in Ahmedabad was 40-year-old Vishwash Kumar Ramesh. He was conscious and said: “When I fell and woke up, there were dead bodies all around me. As I was running, a hand was… 2

Indian officials say at least one survivor of the Air India plane that crashed in Ahmedabad was a passenger in seat 11A. “Police found one survivor, a passenger sitting in…

Read more

Leave a Reply

Your email address will not be published. Required fields are marked *