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Some members of the Glazer family are reportedly looking to sell their ownership stakes in Manchester United. According to Bloomberg, the six siblings, who collectively own 51% of the club, are discussing a potential sale after 21 years at the helm. The Sun adds that various factions within the family are currently divided, with those keen to sell attempting to persuade the others. As of now, Old Trafford has declined to comment, and media outlets have been unable to directly contact any family members.
The Sun reports that Joel Glazer, who currently co-manages the club with Avram Glazer and Sir Jim Ratcliffe, intends to retain his ownership. The Americans previously sold a 27.7% stake to the British billionaire for £1.2 billion in February 2024.
Three years ago, the Glazers initially considered selling all their shares, seeking £6 billion for Manchester United. However, they ultimately proceeded only with a partial sale.
The latest financial report reveals Manchester United carries a debt of £1.3 billion. Despite the high asking price and this significant debt, major consortiums from the Middle East and the USA are unlikely to be deterred from participating in a potential bidding war.
These new reports of a sale emerge as the club faces immense financial commitments related to the future new stadium for the "Red Devils," famously dubbed "the Wembley of the North." Preliminary estimates suggest the construction of the 100,000-seat facility will require at least £2 billion.
Manchester United fans, who have protested against the American ownership for years, will undoubtedly welcome any news of the Glazers' potential departure with enthusiasm.
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