Reports that Glazers had taken Manchester United off the market after failing to attract bids close to their asking price has outraged fans. Both Sheikh Jassim and Sir Jim Ratcliffe expressed an interest in purchasing it; however, neither offer met what this American family desired as far as price goes.
Gary Neville has strongly condemned the owners for treating the club like a toy and says they must act immediately to address its problems.
They’re in desperate need of money
Gary Neville has debunked reports that the Glazer family are planning to put Manchester United off the market, asserting instead that its current owners are desperate for investment. Since announcing a strategic review last November, co-owners Sheikh Jassim and Jim Ratcliffe are thought to be potential suitors.
While United’s American owners, the Glazer family, have set their valuation at PS10billion for valuation purposes, no bid has come close to reaching it. Sheikh Jassim and Sir Jim Ratcliffe had been reported as leading candidates but neither managed to meet Glazers’ asking price of PS10.6billion; Old Trafford club desperate for money. Neville believes American family will soon accept sale as current owners are treating United like a toy; former United captain was speaking out after Erik ten Hag’s side lost at Arsenal over the weekend. He spoke on Sky Sports when talking about Erik Ten Hag’s side losing on Sunday ten Hag’s side being treated like toys in terms of ambition; former United captain was speaking after Erik ten Hag’s side lost at Arsenal with former manager Erik Ten Hag’s side treating United like toys. Neville spoke out after Erik Ten Hag ten Hag’s side lost on Sky Sports after Erik ten Hag had lost against Arsenal after speaking up until then-chairman Erik ten Hag had lost to Arsenal on Sunday.
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They’re messing around
The Glazer family’s approach to United’s takeover saga has been controversial and appears likely to continue being so. A Mail on Sunday report claims they intend to pull United off the market until 2025 when their valuation between PS7 billion-PS10 billion can be met – which would anger both main bidders Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe.
Neville has long condemned United’s American owners for curbing ambition and treating Man Utd like a toy during their 18-year rule, labelling their reign ‘depressing ambition and treating Man Utd as a toy’. Following their 3-1 loss at Arsenal on Saturday he told Sky Sports: ‘I don’t believe the story that they are not selling/doing anything; their financial situation has become dire so something must be done soon or else they run out of money.”
They’re having a toxic impact
Gary Neville has publicly criticised the Glazer family for treating Manchester United like a toy during their takeover saga. Neville believes their intention to temporarily withdraw United from the market has had a devastating effect on his beloved Red Devils club, although the Glazers expect to resell them sometime between 2025 and 2026 for close to their estimated valuation of PS10bn.
Glazers FC released a statement in November revealing they were seeking fresh investment and possibly considering either full sale or partial stake sale of the club, with Qatari Sheikh Jassim Bin Hamad Al Thani and INEOS boss Sir Jim Ratcliffe being considered among potential candidates for consideration.
Reports surfaced on Sunday suggesting the Glazers would call off their process due to failing to receive bids meeting their asking price of around PS10 billion. Neville expressed doubt in this news and believes United owners need more investment: ‘I don’t believe this #ManUtd not selling/doing anything story’ was his statement on social media.
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They’re not selling
Understandably, Glazers’ decisions cause outrage among United fans. Although their trophy haul has been impressive, it seems they’ve run out of ideas about how best to spend their wealth.
Reports suggesting they will delay taking control of the club until 2025 is sure to create tension among supporters, particularly when considering that American family is seeking an estimated price around PS10billion for buying it back.
No one could possibly believe a buyer could be found at that figure, given Sheikh Jassim of Qatar and Jim Ratcliffe being two candidates competing to take over, but I think it would be reasonable for Glazers at least to try selling; otherwise what is their purpose in owning such an asset?