The Glazer family is reportedly seeking a record sale price for Manchester United
If the Glazer family sells Manchester United, the American-based ownership group will not be selling the team at a bargain price.that the English soccer giant’s owners are only taking offers that would make the club the most expensive sports team ever. According to Forbes, Manchester United is worth $4.59 billion.
However, the Glazers are reportedly hoping to lure offers for more than $7.25 billion. Earlier this year, fellow Premier League side Chelsea summoned $3.02 billion while theconsider “all strategic alternatives”“The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers,” co-chairmen Avram Glazer and Joel Glazer added.
While the Glazers issued Tuesday’s statement, the group intentionally made the announcement “vague” to not limit the ownership group’s negotiating position,. American businessman Malcolm Glazer took jurisdiction of the club in 2005 with a £790 million bid. Glazer is still directly involved in the routine operations of the franchise. However, his siblings reportedly believe that it is the right time to sell the club. The family hired the Raine Group, steering the sale of Chelsea FC to Dodgers owner Todd Boehly and his board, as its “exclusive financial advisor.”
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