Man Utd taken off the market as bidders fail to match monstrous valuation put in place by Glazers

Rob McCarthy 03 Sep 2023 9:08 AM

The Glazer family have reportedly taken Manchester United off the market after bidders failed to meet their whopping £10billion valuation.

The Red Devils were put up for sale last November as the Glazers announced plans to end their largely unpopular 18-year reign at Old Trafford.

Raine Group, the US merchant bank, have been overseeing the sale of the club for almost a year, with Sheikh Jassim of Qatar and Sir Jim Ratcliffe emerging as the main two frontrunners.

Indeed, speaking in July, United legend David Beckham called on the Glazers to leave United.

Asked if he believes a change in ownership is required at Old Trafford, Beckham said: “I think so. I think it’s purely because the fans want it.

“Once you lose the fans, especially at a club like Manchester United, it’s hard to get them back.

“Obviously, they [the Glazers] have achieved a lot, and financially, the fact we’re even talking about the numbers of what Manchester United will sell for shows the success they’ve had. But there needs to be change. We’ve all seen that, we all know that.”

However, despite multiple offers, neither Sheikh Jassim or Ratcliffe could get close to the £10bn asking price set by the Glazers.

And now, according to the Daily Mail, the Glazers are now moving to end the sale process.

Glazers’ decision sure to anger United fans

‘The Glazers are thick-skinned and won’t be influenced by any negative fan reactions’ a source with long-standing ties to the American family told the Mail.

The decision is sure to infuriate a large section of United supporters who continue to protest against the Glazer ownership.

Indeed, after the win over Nottingham Forest last weekend, thousands of fans staged a sit-in protest at Old Trafford.

The Mail source did, however, add that United could be put up for sale once again in 2025 in the hope that ‘environmental and financial factors could attract more bidders’.

On the pitch, United are back in action on Sunday afternoon when they head to Arsenal in the Premier League.

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