Wednesday, February 8, 2023

Man Utd co-owner Avram Glazer issues takeover update after Ten Hag breaks silence on sale

Man Utd co-owner Avram Glazer issues takeover update after Ten Hag breaks silence on sale

When questioned regarding the impending sale of Manchester United, co-owner Avram Glazer declined to divulge too much information.

The Glazer family, owners of Manchester United, declared last month their intention to “explore strategic alternatives” for the Red Devils, including “new investment into the club, a sale, and other transactions.”

If a suitable buyer is found, the Glazers’ controversial 17-year ownership of the Premier League team could come to an end.

According to The Athletic, the Glazers are believed to be wanting between £6 billion and £7 billion for United.

Sir Jim Ratcliffe, the wealthiest man in Britain and a lifelong United fan, as well as Amancio Ortega, the owner of Zara, have both indicated interest in purchasing the club.

Meanwhile, Apple and Amazon have also been connected to prospective acquisition offers.

Glazer issues takeover update

United co-owner Glazer was asked about the possible sale of the club while attending the World Cup in Qatar, but he declined to comment on whether any progress had been made in locating a buyer.

“It’s not necessarily a sale, it’s a process and we’re going forward with the process, so we’ll see what happens,” he said.

“I’m here to really watch the World Cup but I appreciate your interest. That’s the update, it’s the process and the process is proceeding.”

Glazer was then pressed for more particulars but replied: “Once again, I’m here to enjoy the World Cup but I appreciate your questions.”

Ten Hag breaks silence over sale on Man Utd takeover

United manager Erik ten Hag has also spoken out about the club’s possible sale. He told The Athletic: “My information is that it will only be good things, because there will be more investment possible, which is good.

“I look at the competition around the Premier League. They all have the opportunity to invest. It’s a tough competition between seven or eight clubs. That’s a change in circumstance when you compare with five or 10 years ago.

“The competition is much tougher. Newcastle are coming. Even West Ham, maybe not now in the table, but they have huge investment. Spurs definitely, and then City, Chelsea and Liverpool, I don’t need to talk about them.

“Seven or eight clubs can compete in the league. Even at the bottom, I don’t see weak teams. They’re all strong. There’s no easy games.

“[Chief executive Richard Arnold] said [the owners] are open and transparent. We spoke about the culture we want. We spoke about objectives, goals and the culture, and he confirmed it won’t change, that it will be even better because more money will become available for this project.”

Man Utd co-owner Avram Glazer issues takeover update after Ten Hag breaks silence on sale

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