As reported by BBC Sport, the Glazers have decided to sell the club before the end of the season in order to gain maximum profit from the planned sale.
The American owners purchased the club way back in May 2005 in a £790 million leveraged buyout. Since then, the Glazers have extracted a large sum of money from share dividends while also cashing in more than £1 billion on interests and loan payments.
However, recent fan protests and the failed European Super League proposal have been a step back in the glazer’s entire game plan. They will be eager to explore strategic options with an aim to collect the desired value from any potential suitor.
The Glazers have placed a high price tag on the club, and they are holding on for a fee of around £6-8bn. However, as mentioned on the New York Stock Exchange on Tuesday, United is valued at £3.05 bn. Until and unless the owners do not budge on their valuation, it is difficult for any interested parties to make a deal. Currently, there has been no deadline for the deal and with lighter restrictions, the club can be sold in the summer.
Chelsea faced a similar issue but they had to make an immediate decision due to the tighter restrictions placed on their former Russian owner, Roman Abramovich.
Also, the club has attracted billions of fans over the years with major branding and a well-known sporting organization. The rising popularity of United will be an asset in the future.
Any interested candidates should pledge to support the club’s project of building a new infrastructure which will cost a fortune. Not to forget, the fans will expect heavy investment in the squad and a keen interest in the club’s on-field issues.
