Manchester United have nearly been up for sale for a full year, but reports are circulating suggesting that the Glazer family are ready to take the club off the market and leave fans furious
Manchester United are now in more than £1billion of debt, with the club’s future under the Glazers still shrouded in uncertainty.
Having been put up for sale in November 2022, United are yet to find a buyer or decide on new investment at Old Trafford. British petrochemical mogul Sir Jim Ratcliffe and Qatari banker Sheikh Jassim bin Hamad Al Thani have long been the frontrunners for a takeover but are yet to meet the Glazers’ rumoured £6billion asking price.
The American family are now considering taking the Red Devils off the market altogether, angering supporters who are demanding that they end their unpopular 18-year reign as soon as possible. The issue of United’s outstanding debt was a key talking point during takeover talks with potential buyers and now the Daily Mail claims that it’s surpassed the £1bn threshold.
They report that United’s third-quarter results show the club’s debts have increased from £969million to £1.005bn this year. That’s due to a combination of gross debt, bank borrowings and outstanding transfer fees, having splashed out nearly £200m on big-money signings this summer.