Man Utd takeover update as Glazer family comments emerge on condition to sell
Source: Express
Published 9 hours ago
Edward Glazer, one of the five siblings who hold a controlling stake in Manchester United, has shed light on how the family reaches consensus on pivotal decisions concerning the football club. Despite enduring robust criticism from fans over the millions of dollars of debt accrued since their takeover in 2005, the Glazer family has maintained a majority stake in the club.
In 2024, British businessman Sir Jim Ratcliffe finalised a deal to purchase a 27.7 per cent stake in the club, valued at approximately $1.6billion (£1.25bn). As part of the agreement, Ratcliffe has assumed control of football operations, assisted by Jason Wilcox and Omar Berrada.
Earlier this season, speculation about a potential takeover was rife when Turki Al-Sheikh posted on social media that the Red Devils were in 'advanced negotiations with a new investor'. On X, Al-Sheikh wrote: "The best news I heard today is that Manchester United is now in an advanced stage of completing a deal to sell to a new investor... I hope he's better than the previous owners."
He followed this up with: "My (yesterday's) post about Manchester United's potential...
Continue Reading: Man Utd takeover update as Glazer family comments emerge on condition to sell
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