GOOD BYE! GLAZERS

WHY ARE THE GLAZERS SELLING?

The Glazer family bought Manchester United for the fee of $AUD1.3 billion in 2005 and have owned it ever since.

But in November last year, the Glazer family revealed it was “commencing a process to explore strategic alternatives for the club” which included “new investments into the club, a sale, or other transactions”.

For a large portion of United fans, the Glazer family revealing their intentions to sell came as welcome news given the vociferous protests over the years against their ownership.

However, it’s almost certain the Glazer’s are not selling the club to appease supporters.

Rather, it’s about making as much money back as possible.

Given the increased financial might of their Premier League competitors, especially that of Manchester City and newly-minted Newcastle United, more money than ever will need to be spent to compete.

That’s not something the Glazer family seem terribly keen on doing and having saddled the Red Devils with monstrous debts during the 2005 takeover, they are craving a major profit from their initial investment.

There’s also the element of Liverpool’s owners, Fenway Sports Group, also looking to sell or gain investment from outside parties, so the Glazer family also would not want to lose potential investors or new owners to an English rival.

the Glazer family is seeking a staggering $8.7 billion for the club, but that figure could become lower in the official bidding process.

(©GB, FOX)