Glazer family 'open to selling minority stake in Man United'
17th August 2022

The Glazer family ‘could be open to selling a minority stake in Manchester United and has held talks with potential investors’ – with fans furious over their ownership and the club now valued at £5bn

  • The Glazers are coming under increasing pressure to leave Manchester United
  • United have got off to a woeful start this season, suffering two straight defeats 
  • Several fans and ex-players want to see the club’s unpopular owners depart
  • Bloomberg claim the Glazers are considering selling a minority stake in the club 
  • But they are not prepared to agree a full sale, which could cost suitors £5billion 

The Glazer family will consider selling a minority stake in Manchester United football club – according to reports. 

According to Bloomberg, the United owners have held preliminary discussions about the possibility of bringing in a new investor.  

Pressure is mounting on Joel and Malcolm Glazer following United’s atrocious start to the 2022-2023 Premier League season, with former defender Gary Neville calling for them to ‘explain their plan’ amid the club’s struggles.

Erik ten Hag’s side were beaten 2-1 at home by Brighton in their opening game of the season, before suffering a humiliating 4-0 defeat away at Brentford last weekend.

Red Devils fans and ex-players are desperate for radical changes to be made at Old Trafford, and Bloomberg’s report states that the Glazers are entertaining the idea of a significant change at board level. 

While they are not yet ready to cede control entirely, it is believed the unpopular tycoons are now open to selling a minority stake in the club.

A full sale could cost potential suitors a staggering $6billion (£5billion), but the Glazers have no intention of walking away from United completely.

The Glazers are coming under increasing pressure to sell their shares at Manchester United

Fans have been calling for the unpopular owners to depart Old Trafford for a number of years

And the club’s nightmare start under new boss Erik ten Hag hasn’t helped their cause

Discussions are believed to be ongoing over the matter, although there is no guarantee they will decide to offload any of their shares in the club. 

Shares increased as much as 7.6 per cent in New York on Wednesday, with reports claiming the stock up was 4 per cent at 9:38am – giving the company an equity market value of $2.2billion (£1.8billion).

Given they remain one of the biggest clubs on the planet, the Red Devils would likely attract a number of high-profile investors in similar fashion to Chelsea, who were recently bought out by US tycoon Todd Boehly and private equity firm Clearlake Capital for £4.25billion.

They have such an appeal, in fact, that on Wednesday the world’s richest man Elon Musk tweeted that he is ‘buying Manchester United’ – only to later clarify that his post was a long-running joke. 

Though despite their stature, United have suffered a colossal fall from grace over the past decade, failing to win a Premier League title since 2013 and finishing down in sixth last season. 

United followed up an opening defeat against Brighton with a 4-0 thrashing at Brentford 

Gary Neville has led the calls for the Glazers to ‘explain their plan’ amid the club’s struggles 

United supporters have protested against their current ownership on frequent occasions

The Glazers have drawn widespread criticism for their perceived role in this demise, with the likes of Sky Sports pundit Neville targeting them for taking money out of the club in recent years despite their struggles on the pitch.

Following their four-goal humbling at Brentford, Neville said: ‘There is a family in America that is letting its employees take the blame. They need to get on a plane to Manchester and explain what the plan is. We never will have the Glazers here. The only money that has been spent on players has been generated by the club. 

‘The Glazers have borrowed and used the revenue the club generates through its amazing fanbase. Us four could buy the club tomorrow and spend the same money. My point is there has been a toxic culture at this club for the last 10 years since Alex Ferguson and David Gill left. It’s a mess. 

‘And it cannot continue to go on. The embedded failure over a ten-year period has to come back to the owner. I blamed Woodward for a long time but the Glazers left him in situ. They haven’t dealt with the football ground which is rusting. 

‘They need a billion for the stadium and probably a few hundred million for the training facilities. They were cash rich a few years ago now they’re struggling. Something has to give.’ 

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