The Glazer family are taking Manchester United off the market having failed to attract an offer meeting their asking price.
According to the Daily Mail, the American moguls will try and sell the club again in 2025 when they hope ‘financial and ‘environmental factors may attract more bidders’.
These factors reportedly include an uplift in TV rights revenue, the expansion of FIFA’s Club World Cup to 32 teams and the upcoming World Cup that will be hosted in 2026 in the USA, heightening interest from US billionaires.
It’s reported that these factors mean that the Glazers are hoping to attract up to £10billion for the Premier League giants.
The latest update will be a source of huge frustration for Man United supporters who had believed that a sale could be on the cards.
Qatari banker Sheikh Jassim Bin Al Thani and British billionaire Sir Jim Ratcliffe both submitted bids worth around £5billion for full control of the club earlier this year.
However no response had been made public as reservations grew about their plans to sell the club.
talkSPORT first reported in March that the Glazers had reservations about selling their entire stake in the Premier League club, with talk of minority investors becoming a reality.
However it now seems that a deal of any sort could be put on hold for at least two years, something that won’t be good news to David Beckham who revealed earlier this year that he wants to see the club sold.
“It hasn’t been the greatest of times for Manchester United, on the field or off the field,” Beckham told The Athletic. “Seeing Erik come in is a breath of fresh air. He has had some tough decisions to make but he has done it in the most elegant way and in a way where he has got the fans on his side.
“Off the field, as a fan and ex-player, I just want it resolved. There has to be a decision [regarding the ownership]. Whoever is running your club, you want them to be passionate, be involved, make the right decisions, bring in the right players and invest in the club.
“Because the club does need investment, whether it’s the training facility, stadium, on the field… these kinds of big things need to be made and changes do need to happen, especially when you see the likes of Man City and what they’re doing.
“It’s not just about what they’re winning. You can see that Man City are building for the future, not just from season to season. They’ve got stability with Pep [Guardiola], who I am in awe of.”
Beckham continued: “We (United) were the top of the tree, we were winning everything, the ones who were successful, the ones where the players wanted to come. Luckily, we still have that Manchester United pull that existed when I went there.
“We want that back and the sooner a decision can be made, the better. I think so (that it’s time for the Glazers to go). I think it’s purely because the fans want it. Once you lose the fans, especially at a club like Manchester United, it’s hard to get them back.
“Obviously, they [Glazers] have achieved a lot, and financially, the fact we’re even talking about the numbers of what Manchester United will sell for shows the success they’ve had. But there needs to be change. We’ve all seen that, we all know that.”
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The Glazers are going to take Manchester United off the market, having failed to get close to their anticipated asking price, according to a source with long-standing close ties to the American family.
The move is certain to provoke fury among United fans, who have never felt much warmth towards the club’s owners, and blame them for a lack of recent success and investment in infrastructure.
‘The Glazers are thick-skinned and won’t be influenced by any negative fan reactions,’ said the source, adding the family’s original plan was to attract multiple serious bidders, and that didn’t materialise.
The family made it known last November that they were open to offers for either 100 per cent of the club, or a partial sale that left them with a sizeable stake. Only two serious bidders emerged, Sheik Jassim of Qatar, who wants the whole club, and Sir Jim Ratcliffe, whose offer would leave the Glazers with a minority interest.
Sources close to those parties have been left frustrated as to the Glazers’ stance, making multiple rounds of offers and being given no indication of where they stood.
At one point Sheik Jassim’s camp bypassed US merchant bankers Raine, who have been in charge of the sales process, to deal directly with the Glazers. And even amid recent rumours suggesting the Qatari bid was about to be accepted, the situation hasn’t moved on.
The logic for taking United off the market now, says the source, is that the Glazer family will try to sell the club again in 2025, when they hope financial and ‘environmental’ factors may attract more bidders.
The Glazers hope for a higher price thanks to an uplift in TV rights revenues, the expansion of FIFA’s Club World Cup to 32 teams from 2025, which could be very lucrative, and the forthcoming 2026 World Cup. That event, to be hosted in the USA, will heighten the interest of American billionaires in football investments. The Glazers think this may help them sell United for between £7billion and £10bn.
A sit-in protest by United fans was held at Old Trafford last week and urged the family to sell up, yet again, but the Glazers have long ignored supporters.
The owners have backed manager Erik ten Hag and hope he can deliver major silverware to the club over the next two seasons, which would help boost the sale price.