Manchester United, one of the leading clubs in English football are on the headlines again due to some transfer rumours. The Glazer family who have owned the club since 2005, are now willing to sell the club if they get their desired valuation. According to Finance expert , the Glazer family has increased their price . And that creates a mess all around the Globe. In this article we will be going to discuss why the Glazer family has increased their valuation and what are the possible outcomes of this hand over in the Club’s future.
The Glazer Era:
The Glazer family’s ownership of Manchester United has been a subject of controversy and discontent among the club’s fans for years. In 2005 they buy the club ,but the takeover was full of controversies. And fans really didn’t like it. Because it leaves the club in a condition where their financial condition is broke. That means they can’t pull out huge deals.
Why fans hate the deal:
The 2005 deal completely broke the fan’s trust. Because they can clearly feel the deal left the club in situation, they weren’t able to compete in the Europe’s top competitions.
Throughout their tenure, the Glazers have been criticized for prioritizing profit over on-field success. The fans started to call them “Greedy Glazers” .
This has led to protests, Fan boycotts, and a general sense of frustration among the fan base.
Potential Takeover Scenario:
Since last November , the giants of English Football had been listed for sale. Qatar’s Sheikh Jassim and Sir Jim Ratcliffe are the potential leaders for the race. Sheikh Jassim is interested in taking the full shares of the club. But Ratcliffe is open to give a share of 20% to the Glazers.
As this has became “Hot Topic” all over the media, many rumours have been spreading. Last November Glazer family had announced that they would think whether they want to do a full transfer or not.
Some reports are telling that the Glazers are taking United ” Off the Market” , while some sources are claiming that ‘talks are continuing’ between club chiefs and the interested parties.‘
It has been heard that the selling value of the Gigantic club will be 6 billion. But finance expert Kieran Maguire has disclosed in a current interview that “Greedy Glazers” now demanding somewhere around 10 billion to seal the deal.
Maguire told , “I don’t think the Glazers were trying to avoid a sale of the club” ,
he also told, “It’ll be interesting to see whether there’s a formal announcement from those in charge of the takeover process”.
He also told, ” If the market does not agree with that, then the Glazers are quite happy to sit.”
Current Situation Of Manchester United:
The ‘formal announcement’ claim regarding a potential Manchester United takeover has once again thrust the club into the spotlight. While the Glazer family’s ownership has been frustration for many fans , and they were finally happy to hear about the potential takeover.
The club’s valuation, financial performance , everything is on the line for Red Devils. This deal brings new possibilities for the club to regain it’s crown.
Regardless of the outcome, the club’s passionate fan base will be watching closely, hoping for a brighter future both on and off the pitch.
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