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News ยท Transfer rumour
Glazers 'waiting for right time to sell' Man Utd, ESPN report says
Post
๐ฐ ESPN reports the Glazers are waiting for the right time to sell Manchester United. It is not a confirmed decision.
๐ Key points
๐ฐ The family is waiting for the right time to cash in, per the report.
๐ There is said to be no market for Premier League buyers at present.
โ๏ธ Any buyer is likely to wait for Manchester City's appeal.
๐๏ธ A new Old Trafford could be a trigger for a sale.
โ๏ธ The Ratcliffe-era job cuts reportedly did not sit well with Joel and Avram Glazer.
๐ What happened
๐ฐ Football365 relayed ESPN's reporting on 27 October. Unnamed sources say the family is waiting for the right time to cash in. The body of the piece does not describe a confirmed sale decision, despite the headline.
โ๏ธ ESPN names two possible triggers: a new Old Trafford, which would lift the club's value, and City being removed from the league. City were found guilty on 114 of 115 Premier League charges and are appealing, so buyers are expected to wait for the outcome.
๐ค INEOS bought 27.7% in February 2024 and took control of football operations. Cost-cutting has since cost more than 500 jobs and trimmed salary and transfer budgets, which ESPN says jarred with the co-chairmen.
๐ By the numbers
โข INEOS stake: 27.7% (February 2024)
โข City: guilty on 114 of 115 charges, appeal pending
โข More than 500 jobs cut
โข United winless in eight after a 3-0 loss to Bournemouth
๐ญ Why it matters
United are winless in eight, and the off-field picture is unsettled too. Any change of ownership depends on the City case and stadium plans, so it looks far from quick. United visit Chelsea on 31 October.
Sources
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