2023-01-18 14:47:32

Will the Glazers sell Manchester United and who could buy the club? What we know

Logo The Independent
The Independent
By Simon Peach

Sir Jim Ratcliffe has entered the race to take over Manchester United as the Glazer family consider a partial or full sale of the club.

The controversial owners bought the Old Trafford giants in a debt-funded takeover in 2005 and have since taken millions of pounds out of the Old Trafford outfit.

Here we take a look at the current situation after Ineos publicly confirmed its interest in Ratcliffes boyhood club.

There has been widespread anger, frustration and protests since the Glazers leveraged deal landed the club in debt in 2005, costing millions in interest payments and dividends at a time when success on the pitch has dried up.

However, a November 22 statement brought fans hope of a fresh start as United confirmed the board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company.

Executive co-chairmen Avram and Joel Glazer added that they were looking to maximise the significant growth opportunities available to the club today and in the future.

Continue read on independent.co.uk

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