In Sports by stephen abiodun on the 14th, February, 2020

Man Utd owners the Glazers set asking price and demands for club sale after ‘two meetings’

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Manchester United’s owners, the Glazer family, will only sell the club if they receive £1billion, and only want to part ways with a 20-per-cent stake. That’s according to a report in the Daily Mail, citing corporate financiers who have dealt with the club.

The Glazers are controversial figures in the north East to say the least, after a series of disappointing league finishes.

United have finished in the top four just twice in the time since Sir Alex Ferguson retired, and the Glazers have bared the brunt of the responsibility.

Fans have long called for a change of ownership, but the American family seem reluctant to sell.

The Mail reports that United value the club at a staggering £1bn, and don’t want to part ways with their prized asset.

They are reportedly willing to let go of a 20-per-cent stake in the club, and won’t entertain the idea of full ownership.

The Glazers paid £790million for the club back in 2005, and want to make an incredible profit if they were to sell

The same report suggests the American family had held talks twice with Saudi Arabian consortiums.

Any interested parties would want to take over the club completely, though the Glazers are firmly against that idea

United vice-chairman Ed Woodward seemed to deny any reports that the Glazers were looking to sell, as he insisted that investments were being made to try to improve the club.

“It is the overwhelming priority of everyone at the club to get us back to regularly challenging for Premier League and Champions League titles,” he said.

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“Although progress may not always be smooth, everyone across the club is focused and committed on playing their part in helping achieve those aims.

“Significant work has already been done – and investments made – to strengthen the Academy and we’re pleased with the progress being made behind the scenes to ensure we have the right players, the right infrastructure, and the right culture to sustain long-term success.”

The same report from the Mail claims that prospective buyers of United are being put off by the idea of having to spend big on improving Old Trafford.

The stadium reportedly needs £200m worth of developments, partly due to the south stand.

The Glazers reportedly know that it is impossible to build on the legendary site and improve the stand, which has an attendance of just over 11,000.

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