Glazers will engage with offers of £4.5bn minimum to sell Manchester United - journalist
Journalist Ben Jacobs has reported how much money he has heard the Glazers want if they are to sell Manchester United.
Last night, a statement on the club’s official website read: “Manchester United announces today that the Company’s Board of Directors is commencing a process to explore strategic alternatives for the club.
“As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company.”
And on Twitter, Jacobs has given an idea of the kind of number it would take to even get to the table to buy United from the Glazer family.
Jacobs on how much Glazers want to sell United
He says that a minimum of £4.5 billion is enough to convince the Glazers that a bidder is serious and has the funds required to buy the club.
But it seems that they would actually want even more than that to relinquish control of the club permanently, given the level of expected interest.
Chelsea were unexpectedly thrust up for sale earlier this year and that bidding process has offered some indication of how United’s may go.
The eventual buy-out price will likely be more than the Stamford Bridge one and it remains to be seen who will seriously come forward.
The asking price may prove prohibitive for potential bidders, but if anyone can come up with the funds the Glazers want, they will likely have deep pockets to spend what United need them to.
This could end up being a staggeringly expensive transaction, and as the statement says, every avenue is being considered.
The Glazers have clung to United despite protests down the years and they will – unfortunately – likely continue to do so until they get exactly what they want.
United need to ensure that the new owners have far better intentions, as they look ahead to a rebuild which has been overdue and investment in the club’s facilities.