Glazers eager to retain club ownership
Manchester United‘s owners, Joel and Avram Glazer, are said to be increasingly confident in securing outside investment that would allow them to retain ownership of the football club, according to a report by ESPN.
The Glazers are reportedly optimistic about the potential for organic growth over the next decade, which could double the club’s value and make Manchester United worth at least £10bn. However, shares of Manchester United PLC fell by 13% on Monday, following the release of this news.
Glazers receive proposal
It has been reported that Carlyle, a giant American financial investor, is currently in talks about a major investment in the football club. In addition, Sky News has revealed that Carlyle is just one of several parties who have submitted proposals to acquire a minority stake in Manchester United.
The bid deadline for these proposals has been set for April 28, and the sale is being managed by The Raine Group, the merchant bank that oversaw last year’s £2.5bn takeover of Chelsea by a consortium led by Todd Boehly and Clearlake Capital.
While the Glazers’ confidence in the future of Manchester United and their potential to double the club’s value is noteworthy, it remains to be seen if they will be successful in securing the investment needed to retain ownership.
Acquiring stake
With Carlyle and other parties expressing interest, it is clear that there is significant interest in acquiring a stake in one of the world’s most valuable football clubs. The outcome of this situation could have a significant impact on the future of Manchester United and the direction the club takes in the coming years.
