2 years ago
Manchester United fans have grown tired of the Glazer family's management of the club and have staged a number of protests in an attempt to persuade the Americans to leave.
The Glazer family is apparently open to selling a minority stake in Manchester United amid growing discontent over the club's ownership - but the Americans want £5 billion to relinquish some control of the Red Devils.
Discussions about bringing in a new investor at Old Trafford have already begun, though details are scarce at this early stage. As a result, the identities of those involved remain unknown.
This is a significant step forward in the Glazer family's management of Manchester United, but they are not yet ready to relinquish complete control of the club. Indeed, according to Bloomberg, there is no guarantee that they will sell the alleged minority stake.
And all the while, The Organisation claims that since May of this year, multiple meetings have taken place between financial titans with vast fortunes and brokers. This is due to a growing consensus among those in the know that the Red Devils are available for purchase at the right price.
Sir Jim Ratcliffe, founder of Ineos, is thought to be the bookmakers' favorite because the British billionaire already has experience owning a football club after his company purchased Ligue 1 club OGC Nice. Ineos has remained silent on whether meetings to buy United were held.
Elon Musk, the owner of Tesla, caused quite a stir in the early hours of Wednesday morning when he declared to his millions of Twitter followers
According to company officials, a deal that would doubtlessly be the largest shareholdings takeover in global sports history is now a realistic possibility within the next two years. There are several factors that are thought to have influenced the Glazers' decision to sell.
Chelsea owner Todd Boehly may be to blame for aggrieved United fans. The American was a driving force behind Clearlake Capital Group's acquisition of the Blues for a price that surprised many, including United's owners.
Boehly's coalition paid €5.24 billion for the west London-based club, which made those at the top of Manchester United sit up and take notice.
Old Trafford has become a more toxic environment in recent months as United fans have grown tired of the way their club is run.
Protests by Red Devils fans have been numerous, with another planned for this weekend's match against bitter rivals Liverpool.
That after United's 4-0 defeat by Brentford, which dropped the Red Devils to the bottom of the Premier League, club legend Gary Neville spoke out on Sky Sports about the Glazers.
"When a business fails or underperforms, it is the owners who are to blame." It is extremely simple. It is a colossal failure. They took approximately £24 million from the club two months ago, and they now have a decrepit, rotting stadium that is, to be fair, second-rate, when it was the best in the world 15-20 years ago.
"You've got a football club where nobody knows what they're doing. They have bankers running the football club, not football players. They have yet to appoint a sports director.
"We can look at the players all we want, but there are so many big things that need to be fixed first, and they have a lot of them."
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