Glazers set to remain at Man Utd for new season with fears owners WON'T sell

Suraj Radia

• 19 Jul 2023 16:13 CDT
• 2 min read

Prospective buyers of Manchester United fear that the Glazers WON’T sell the club this summer after they failed to receive offers matching their £6 billion asking price.

United’s owners had announced plans to seek external investment last year and the process was well underway, with initial optimism that a deal could be struck with buyers by the end of last season.

However, it is looking increasingly likely that the Glazer family will still own Manchester United by the start of the new season next month, with Premier League checks unlikely to be resolved by the team’s first game on August 14th even if a sale was immediately agreed.

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The leading buyers for United are Sheikh Jassim of Qatar and INEOS CEO Sir Jim Ratcliffe but the Daily Mail have claimed that there are concerns among those involved about whether the Glazers will still look to sell the club.

The Glazer family have been so far unwilling to lower their asking price of £6bn despite offers from both leading candidates of around £5bn and there is understood to be no other parties that have reached this point of the sale.

The process is being looked after by US banking company Raine and the process has been strictly confidential, meaning Ratcliffe and Jassim have been told not to speak on the matter, which has caused more friction.

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The deadline for final offers was in April and any successful bidders were told they would hear from the club in June, however no clarity has been offered as of yet, leading to frustration from all parties.

United have been focused on their transfer business, seemingly unwilling to be distracted by the ownership, with Andre Onana set to join from Inter for a deal of more than £50m to add to the £55m arrival of Mason Mount.

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The £5bn offered by Jassim and Ratcliffe is still considered an inflated amount due to the club’s share price and current revenue levels, hence why both parties have been reluctant to increase their offers.

However, United believe the unique opportunity of buying one of the biggest brands in global sport and the likely increase in revenue in the future could see the Glazers potentially hold off on selling the club until their asking price is reached or more interest arises, meaning the drama will likely continue well into the new season.