The Glazer family has reportedly entered into exclusive talks with US private equity firm Apollo to sell a minority stake inManchester United. - Sir Jim Ratcliffeinterested in purchasing7} clubs despitedeclarations.
controversial The Glaser brothers Avram and Joel, who have dominated Old Trafford since the 2005 takeover was completed, are not yet ready to cede full control of the club. will accept a minority stake sale. The Mailreports that some members of the Glazer family now want to leave, and Apollo has We are considering buying a stake in the club and may eventually bring in other investors.
The brothers are expected to hold a stake and oversee the day-to-day operations at Old Trafford, but a deal is not expected to be finalized until next month at the earliest.This news TheRed Devils suffer a losing streak and start theirPremier League campaign in a whisper, following fresh sharp criticism of theGlazers' ownership. is.
Supporters threatened to boycott next Monday's home match against nemesis Liverpool in protest. Hundreds of fans marched from Media City to Old Town Trafford, chanting anti-Glazer songs and chanting 'Keep the club alive' ahead of his first match against Albion 10 days ago. I want to leave." back” on a huge banner. But those frustrated supporters were given hope on Wednesday by Ratcliffe, who is considered Britain's richest man. Ineos founder declared interest in buying the club after fellow billionaire Elon Musk joked in a profane tweet. "If the club were to be put up for sale, Jim could definitely be a potential buyer," a Ratcliffe spokesperson told the Times. I am interested in discussing it with a view to long-term ownership.”
Ratcliffe grew up supporting clubs and has been involved in football. He tried unsuccessfully to buy out rivals Chelsea earlier this year, but Todd he, like Boley, won the £4.25 billion consortium to win the race. The Lancashire-born mogul already owns French team Nice, Swiss club Lausanne Sport and Ineos Grenadias Cycling his team, while Ineos is Formula 1 team Mercedes. are also in partnership.
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PA)"This is not about money spent or not spent." added his spokesperson. "Jim is thinking about what he can do now and knowing how important the club is to the city, he feels it's time to reset."
Commented on It follows a Bloomberg article, which first revealed that Glazers is considering selling its stake amid the relentless backlash of recent weeks. United's stock on the New York Stock Exchange soared as the Red Devils' fan base went wild. The stock closed at $13.69 (£11.36) on Wednesday, up 7.1%.
But it will take longer than that for the Glazers to hand over the club.
