Manchester United’s owners ‘want sale of club to be done by March’, but £7billion asking price set by the Glazer family is claimed to be too high
The Glazer family are reportedly desperate to complete a full sale of Manchester United by March. But in a blow for the American owners, their valuation of between £6billion-£7bn has been deemed as too high for potential suitors. AFPJoel and Avram Glazer put Manchester United up for sale last month[/caption] Brothers Joel and Avram Glazer announced that United were on the market last month after 17 years of ownership. Former Crystal Palace chairman Simon Jordan described United as an ‘attractive investment’ for future owners. But it appears that the Glazers are having difficulty trying to flog the club at their asking price, according to The Athletic. And that will come as a frustration to United fans, who have been vocal in their protests for the Glazers to leave since 2005. The Glazers have entrusted Investment banking company The Raine Group to act as their exclusive financial advisors. But it has been said that financial experts have cast doubt on the Glazers receiving the huge lump sum of money. GettyUnited have been under the ownership of the Glazer family since 2005[/caption] Most read in football feud 'You talk too much' - Messi bites back at Netherlands and Van Gaal shock England vs France referee accused of 'awful game' as numerous decisions questioned shocker England vs France referee Wilton Sampaio 'could be in charge of World Cup final' par-tee Bale opens second mini-golf bar in England to join Wales star's Par95 in Cardiff LION Southgate 'could leave and return to England' as Hoddle says he earned right to stay KEEN Tuchel keen on England job as Southgate prepares to make decision over future United’s stock has actually risen from £10.61 to £16.28 since the Glazers announced the club were up for sale. However, investors feel that the price should have increased by more, with shares falling from £18.50 in the last week. It’s understood nation-states would be able to afford the £7bn price tag, but that looks to be unlikely at this present time. It has been suggested that Saudi Arabia’s Public Investment Fund could be interested, though Qatar’s Supreme Committee have deemed Premier League clubs as being too overpriced. Meanwhile, United will not be seeing any investors come forward from Dubai as they are currently only focussed on the tourism industry. GettyThe Glazers are hoping to fetch between £6billion-£7bn for the Red Devils[/caption] Sir Jim Ratcliffe has been touted as a possible future owner having approached the Glazers in the summer. Amazon, who hold broadcast rights to a number of Premier League matches, have also been linked with buying the club. But in response to reports linking Amazon with Man United, a spokesperson said: “Amazon declined to comment on rumour and speculation.” And The Athletic have ruled out Apple from making an offer after there was speculation they could be considering a bid. As too have clothing brand Zara, who “deny the existence of signs of interest in the acquisition of the Manchester United club’. With the Glazers and the Raine Group pushing for a full sale before the first quarter of 2023, there are huge questions marks as to whether that can be achieved with the money they are looking for. And unlike the Chelsea sale to Todd Boehly where the UK government had imposed a deadline on the purchase, a United takeover will not be swift. talkSPORT World Cup 2022 Coverage talkSPORT is bringing you wall-to-wall coverage of the 2022 World Cup. We are broadcasting all 64 games in the tournament live, with over 600 hours of coverage across our network. You can tune in to talkSPORT and talkSPORT 2 via our free online streaming service at talkSPORT.com. talkSPORT is widely available across the UK via DAB digital radio and on 1089 or 1053 AM. You can also download the talkSPORT app, or ask your smart speaker to play talkSPORT.
The Glazer family are reportedly desperate to complete a full sale of Manchester United by March.
But in a blow for the American owners, their valuation of between £6billion-£7bn has been deemed as too high for potential suitors.
Joel and Avram Glazer put Manchester United up for sale last month[/caption]Brothers Joel and Avram Glazer announced that United were on the market last month after 17 years of ownership.
Former Crystal Palace chairman Simon Jordan described United as an ‘attractive investment’ for future owners.
But it appears that the Glazers are having difficulty trying to flog the club at their asking price, according to The Athletic.
And that will come as a frustration to United fans, who have been vocal in their protests for the Glazers to leave since 2005.
The Glazers have entrusted Investment banking company The Raine Group to act as their exclusive financial advisors.
But it has been said that financial experts have cast doubt on the Glazers receiving the huge lump sum of money.
United have been under the ownership of the Glazer family since 2005[/caption]Most read in football
United’s stock has actually risen from £10.61 to £16.28 since the Glazers announced the club were up for sale. However, investors feel that the price should have increased by more, with shares falling from £18.50 in the last week.
It’s understood nation-states would be able to afford the £7bn price tag, but that looks to be unlikely at this present time.
It has been suggested that Saudi Arabia’s Public Investment Fund could be interested, though Qatar’s Supreme Committee have deemed Premier League clubs as being too overpriced.
Meanwhile, United will not be seeing any investors come forward from Dubai as they are currently only focussed on the tourism industry.
The Glazers are hoping to fetch between £6billion-£7bn for the Red Devils[/caption]Sir Jim Ratcliffe has been touted as a possible future owner having approached the Glazers in the summer.
Amazon, who hold broadcast rights to a number of Premier League matches, have also been linked with buying the club.
But in response to reports linking Amazon with Man United, a spokesperson said: “Amazon declined to comment on rumour and speculation.”
And The Athletic have ruled out Apple from making an offer after there was speculation they could be considering a bid.
As too have clothing brand Zara, who “deny the existence of signs of interest in the acquisition of the Manchester United club’.
With the Glazers and the Raine Group pushing for a full sale before the first quarter of 2023, there are huge questions marks as to whether that can be achieved with the money they are looking for.
And unlike the Chelsea sale to Todd Boehly where the UK government had imposed a deadline on the purchase, a United takeover will not be swift.
talkSPORT World Cup 2022 Coverage
talkSPORT is bringing you wall-to-wall coverage of the 2022 World Cup.
We are broadcasting all 64 games in the tournament live, with over 600 hours of coverage across our network.
You can tune in to talkSPORT and talkSPORT 2 via our free online streaming service at talkSPORT.com.
talkSPORT is widely available across the UK via DAB digital radio and on 1089 or 1053 AM.
You can also download the talkSPORT app, or ask your smart speaker to play talkSPORT.
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