After having early discussions with investors, the Glazer family is reportedly prepared to sell a minority stake in Man United.
Joel, Bryan, and Avram Glazer, three rich American brothers, are under increasing pressure from club supporters to sell the team
after failing to significantly improve the squad since Erik ten Hag’s arrival.
In addition to the departure of eight players this summer, United’s pay have been reduced by 25% as a result of their failure to make the Champions League.
However, the club’s net spending this summer has only totaled £50 million because to the acquisitions of Tyrell Malacia, Christian Eriksen, and Lisandro Martinez by United.
On the opening weekend of the season, before Ten Hag’s team lost to Brighton, fans demonstrated outside of Old Trafford.
Next Monday, when Liverpool plays at Old Trafford, there will be another protest, with some fans preparing to “empty” the stadium.
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According to the report, the brothers are open to selling a minority stake in the club, which entails up to 49% of it. With the club valued at £5 billion, they could make about £2.4 billion.
United is currently in debt to the Glazer family to the tune of over £500 million, and they have pulled nearly £1.5 billion out of the organization since taking control in 2005.