MANCHESTER UNITED could finally be sold by the Glazer family following furious fan protests.
But they will only let them go if a prospective buyer can pay up to £4billion.
The Glazer family have been universally disliked by Man United fans since their controversial takeover in 2005.
But relations between the Americans and the club’s supporters reached a new low last weekend, when passionate fan protests at Old Trafford led to the Red Devils’ match with Liverpool being postponed.
Finding a suitable buyer, however, could prove to be difficult
Shares in Man United are believed to be worth around £2.1bn.
And according to The Times, the Glazers would realistically demand as much as £3bn to sell up – making a tidy profit in the process.
A new owner could also then be punished for the amount of debt accrued under the Glazers’ watch – being confronted by lenders invoking a ‘change-of-control’ clause – which could add another £1bn on to the overall bill.
The Glazer siblings are reportedly ‘split’ on what to do with the club.
Joel Glazer has been the key decision-maker, playing a big part in the European Super League breakaway attempt.
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And the 50-year-old was also a driving force behind Project Big Picture earlier this season, an attempted power-grab by the ‘Big Six’.
Finding a buyer could be difficult, with the club’s share price having ‘underperformed’ since being floated on the New York Stock Exchange in 2012.
In addition to this, the failure of the Super League breakaway puts a ‘ceiling’ on the return a prospective owner could make back on their investment.
Banker Jim O’Neill, 64, has been linked with a takeover in the past – and his name could come up again if the Glazers do ultimately decide to sell up.
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Source: Soccer - thesun.co.uk
