For many years, the Glazer family were under pressure to sell. The Manchester United owners are billionaires who already own NFL team Tampa Bay Buccaneers and they purchased one of the biggest clubs in Europe in 2005 for 790 million pounds. Over the years, the Red Devils declined and were not a factor among trophy chasing clubs, and the fans increased the pressure, but Glazers never budged. And now, suddenly, when the new coach is finally doing something right, and when the club won a trophy for the first time since 2016, they suddenly decided to sell. But, according to the new reports, that may not be entirely true. FULL SALE ONLY! This is a pivotal moment in our history. The Glazers need to go. Further details of our protest on the 30th to follow.The 1958🇾🇪 https://t.co/m6vHZtzWJe pic.twitter.com/KpTS0Irk1n— The 1958 (@The__1958) April 15, 2023 When the Glazers first time announced their intention to sell in November, their statement clearly said that they are “all strategic alternatives, including new investment into the club, a sale, or other transactions,” in order to generate funds. From that statement, potential buyers, and mainly the fans, read only what they wanted to read: ‘a sale’. But other parts of the statement clearly include things such as ‘new investment into the club’. And Elliot Investment Management, former AC Milan owners understood that correctly and submitted a bid to become minority holder. Other bidders were Qatari banker Sheikh Jassim Bin Hamad Bin Jassim Bin Jaber Al Thani and British billionaire Jim Ratcliffe, who both submitted first and then second bids for the Premier League club last month. Manchester bidders don’t have a clue what is happening with the saleBoth bidders were willing to pay around 5 billion pounds for the club, but he Glazers insisted on 6 billion, and then they failed to contact any of the bidders for over two weeks, provoking an unrest and anger among them. Finally, a new round of bids is announced, a third one, and the deadline is set at the April 28th. According to the US’s ESPN, a number of United States-based investment funds have contacted Raine Group, the New York bank overseeing the process, to register their interest in acquiring a minority stake in the club. Elliot Investment Management, Ares Management Corporation, Sixth Street Partners and The Carlyle Group are all attempting to secure a stake in United, having lodged their interest with Raine Group ahead of the April 28 deadline for third bids.VARchester UnitedSo, what the Glazers want to do actually is to drive out the potential bidders with the unrealistic value of 6 billion in order to accept a minority stake which will allow them to get more money for unnecessary investment and still maintain control over the club. A source familiar with the situation has told ESPN that brothers Joel and Avram — United’s co-chairmen – favor a new investment that will enable them to remain in charge at Old Trafford, with siblings and fellow directors Kevin, Bryan and Edward Glazer and Darcie Glazer Kassewitz offloading their stakes in the club. Glazers believe that the potential for organic growth over the years ahead could make United worth at least 10 billion pounds. If this happens to be the final solution for the Red Devils, the fans won’t be pleased at all. ##NAJAVA_MECA_7180192##
