Man Utd ‘U-turn on £6bn takeover’ with Glazers to cash in on fans who hate them

Manchester United fans, look away now. The Glazer family might have found a way to make huge sums of cash from the club's global fanbase in a U-turn regarding £6billion takeover plans.

Despite planned meetings with both Sir Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad al-Thani over a potential buy-out, external cash might help the Glazers make money but stay in charge.

Four US hedge funds are said to be in the market for a possible role, which would push the digital commercial operation as well as club merchandising at Old Trafford.

READ MORE: Man Utd fans already welcoming Harry Kane to Old Trafford after Spurs' UCL exit

The Sun report the set-up could see the owners join forces with one huge investor, with the Ares Management fund in Los Angeles having £246bn in assets.

Potential opportunities include video gaming, merchandise licensing and digital sales, which could push back talk of selling their stake in the club.

Both of the current bidders believe a deal must be reached before May 31 if they are to assume full control before the new season, with the clock ticking on a decision.

Man Utd fans, who do you want to own the club from next season? Tell us in the comments section below.

British billionaire Ratcliffe had received support from fans after announcing his intentions to make a bid, with the Glazers hinting at a sale.

In a statement, his company INEOS said: “We can confirm that Sir Jim Ratcliffe and INEOS have submitted a bid for majority ownership of Manchester United Football Club.

“We would see our role as the long-term custodians of Manchester United on behalf of the fans and the wider community."

United fans will no doubt be worried by the idea that the Glazer family have moved away from a possible sale, with Avram in attendance at their Carabao Cup final victory at Wembley.

In February, when it was announced season ticket prices had increased, one fan fumed: "Am I shocked that the first season in a long time the Glazers haven't taken a dividend and all of a sudden 'costs' have increased."

A second said: "This is appalling from a club who's players earn millions & have a full ground every week when there's a cost of living crisis on, club could reduce ticket prices and still bring good money in!"


  • Richard Keys says Wout Weghorst is the 'worst player ever to wear Man Utd shirt'

  • Erik ten Hag insists 'inspirational' Bruno Fernandes is still captain despite 7-0 antics

  • Fans want Roy Keane's reaction to 'childish' Wout Weghorst touching This is Anfield sign

  • Liverpool fans adamant Jude Bellingham is 'taking the p***' and mocking Man Utd

Source: Read Full Article