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Glazer Family Members Studying Manchester United Stake Sale, Bloomberg News Reports
Several family members are weighing partial or full divestment as fan criticism and debt concerns persist, with United shares valued at $3.64 billion, data showed.
- On Wednesday, Bloomberg News reported that some members of the billionaire Glazer family are debating selling their stake in Manchester United, potentially ending more than 20 years of ownership of the English Premier League club.
- The family, which still holds a majority stake, has faced years of fan protest over debt and infrastructure concerns, two years after selling a roughly 29 per cent stake to INEOS Group Chairman Jim Ratcliffe.
- New York-listed shares rose 7 per cent in extended trading, valuing the Old Trafford club at $3.64 billion based on Wednesday's closing price of $21.11 according to data compiled by LSEG.
- Since taking control of soccer operations, Ratcliffe has cut jobs and raised ticket prices, while a third-place finish under manager Michael Carrick secured a Champions League berth after the Alex Ferguson era.
- Internal discussions initially centered on individual sales, with some members now attempting to convince others to join them, though Manchester United did not immediately respond to a Reuters request for comment.
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Members of the Glazer family are considering selling their stake in Manchester United after more than two decades of ownership. Bloomberg reports that people familiar with the matter, several interested parties within the US-based family, are considering options that could include a partial or full sale of their holdings in the club. Discussions are said to have initially focused on individual share sales, with efforts now being made to encourag…
Manchester United owners Glazer family considering sale of stakes at club
Members of the Glazer family are discussing whether to sell some or all of their Manchester United shares. The talks could reshape control at Old Trafford after Jim Ratcliffe's investment and years of supporter anger.
·India
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Total News Sources18
Leaning Left5Leaning Right4Center3Last UpdatedBias Distribution42% Left
Bias Distribution
- 42% of the sources lean Left
42% Left
L 42%
C 25%
R 33%
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