Sports Are Glazers selling Manchester United? Details on potential sale, investment by Sir Jim Ratcliffe
Manchester United vs. Brighton live score, updates, highlights & lineups from Premier League clash at Old Trafford
Manchester United host Brighton in their 2022/23 Premier League opener on Sunday, August 7 as Erik ten Hag manages in the English top flight for the first time.As a benchmark for United’s initial progress since Ten Hag’s arrival from Ajax in July, a meeting with opponents who thrashed them towards the end of a dismal 2021/22 campaign could prove instructive.
The Glazer family has owned English football giants Manchester United since 2005.
Their tenure has been riddled with controversy, however, with fans often protesting their ownership of the club.
As animosity towards the Glazers rekindles, there are signs the family may finally be open to selling in some form.
Are the Glazers selling Manchester United?
After over 15 years of ownership, various reports suggest the Glazers may be ready to relinguish some control of Manchester United.
Bloomberg reported on August 17 that preliminary discussions have been held about the Glazers possibly bringing in a new investor, who would be given a minority stake in the club.
American owners in the Premier League: English clubs with investment from USA
A host of top-flight clubs in England are partly or fully owned by investors or firms from the United States of America.Given the growth of the Premier League and its global audience and TV revenue streams, the clubs have grown to be more appealing to U.S.-based owners over the past decade.
The Independent have subsequently claimed that the Glazers may look to sell all of their shares for around $6 billion (£4.9b).
Both reports point out thatmay tempt the Glazers to cash in soon with valuations peaking for the club despite poor on-field performances.
Sentiment surrounding the current Manchester United owners also remains quite poor with fan protests held after their recent home defeat to Brighton.
Who could buy Manchester United?
According to The Independent, there are at least three potential consortiums lining up to buy Manchester United should the Glazers decide to sell.
British billionaire Sir Jim Ratcliffe is a leading contender to replace the Glazers having previously made a bid to buy Chelsea.
Manchester United sink to new lows: The numbers behind historically bad Premier League form
Manchester United sink to new lows: The numbers behind historically bad Premier League formDespite the arrival of new manager Erik ten Hag, the Red Devils have failed to show any signs of improvement after a disappointing 2021-22 campaign.
Ratcliffe is a Manchester United supporter and already owns two football clubs in the form of OGC Nice and Lausanne-Sport.
"If the club is for sale, Jim is definitely a potential buyer," a spokesperson for Ratcliffe was quoted by The Times.
"If something like this was possible, we would be interested in talking with a view to long-term ownership.
"This is not about the money that has been spent or not spent. Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset."
Businessman Michael Knighton tried to buy Man United in 1989 and is assembling another consortium to try to take over the club.
Knighton has been speaking to a handful of billionaires in recent months, including Ratcliffe, and is simply hoping a new owner can step up.
"If we can smoke the great Sir Jim out to buy Manchester United my consortium will be punching the air because we've achieved what we want to do," Knighton told ITV.
Why a Christian Pulisic loan to Manchester United would make sense for all involved
USMNT star Chrisitian Pulisic has had a tough time getting regular playing time at Chelsea, and the acquisition of Raheem Sterling has only made it tougher. A loan move to Manchester United might resolve that issue.To the list of transfer rumors involving the biggest name on the United States men’s national team, we can add the possibility of a move to Manchester United. ESPN FC reported that the Red Devils contacted Chelsea about possibly acquiring Pulisic on loan.
"We will make the bid with our own consortium but, I'll tell you this, we do not have the resources available to do everything that is needed."
New York Jets owner Woody Johnson and Boston Celtics owner Steve Pagliuca both attempted to buy Chelsea earlier this year and could also be in the running to bid for the Red Devils.
before later clarifying it was a joke.
Who is Jim Ratcliffe?
If Manchester United are to get a new owner, Jim Ratcliffe looms as the most likely person to takeover.
The 69-year-old was born in the Greater Manchester region and grew up supporting the Red Devils.
Ratcliffe founded chemicals company Ineos in 1998 and this has allowed him to build an estimated net worth of £12 billion ($14.4m).
He has previously declared his interest in buying Manchester United should the opportunity arise and his recent late bid for Chelsea shows he's ready to pounce.
Through Ineos, Ratcliffe has already taken over ownership of two football clubs: French side OGC Nice and Swiss team Laussane-Sport.
"We made some mistakes at Lausanne, but we are fast learners, these have been rectified and we are already seeing the benefits," Ratcliffe said after completing a deal to buy Nice in 2019.
"Clubs need to be successful off the pitch, as well as on it, and Nice will be no different.
"We have looked at a lot of clubs in the manner we look at businesses in Ineos - for value and potential - and Nice fulfils that criteria."
Outside of football, Ratcliffe also purchased the Team Sky cycling franchise in 2019 which was rebranded to Ineos Grenadiers, while Ineos have sponsorship deals with Mercedes AMG F1 and the All Blacks.
Manchester United fans protest for Liverpool match: Updates, latest news, and reaction as supporters make voices heard .
As Manchester United continue to flounder at the start of the 2022/23 Premier League season, fans are organizing marches, banners, and walkouts hoping to voice their frustration with the Glazer family.During the past two weeks under new manager Erik ten Hag, the Red Devils lost their first two matches of the Premier League season for the first time since 1992. It's the latest low point for United, who have fallen from their perch as the league's most dominant and powerful club, a reputation built under Sir Alex Ferguson.