Old Trafford club set for amicable takeover?
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MANCHESTER UNITED’S future has been thrown into doubt after a club bigwig said the Glazers WILL sell up.
Old Trafford non-executive director Mike Edelson revealed: “It’s no secret that, at some time, the family will sell.”
And that has now opened the door for the Qatar royal family, headed by Sheikh Hamad bin Khalifa Al Thani, who have targeted United in a £1.5billion deal.
Edelson’s comment is the first clear indicator the Glazers will listen to offers for United, which they have plunged into debt. Having bought the Premier League giants for £790million 5½ years ago, the Yanks now stand to DOUBLE their money.
Sources in the City are convinced the Glazers are ready to sell after they paid off £252m of the £752m of debt they saddled the club with.
One top city source said: “The belief is that they have already brought in extra finance from a third party in a bid to set the club up for a sale.”
A Middle East football finance expert, meanwhile, told SunSport that Qatar Holdings – the business arm of the country’s royal family – have been hovering around United waiting to strike.
The source said: “They have made tentative moves before with little success but this time it looks like they could be going for it.
“Now they have landed the 2022 World Cup, the country wants to expand its influence in the game across the globe.”
United board member Edelson has been a close confidant of the Glazers since they took over the club in 2005.
He made his shock revelation in a Q&A session at the Maccabi Sports Club in Prestwich, Manchester.
Qatar’s royal family has an estimated £40bn of assets and, last week, became the first sponsor of Barcelona’s team shirts in a £125m deal. (The Sun)
It seems fairly safe to say that almost all Man United supporters would support a sale as the alternative to the Glazers seems infinitely more palatable regardless whomever the new owners would be. Therefore it is an added bonus that any potential takeover would involve the club being placed in the hands of those with seemingly limitless wealth, much like life is currently for the blue half of the city.
The deal, should it indeed be struck, would put the Old Trafford club in an extremely strong position and would mean that alongside the history and present success the Premier League side enjoys they would also have the kind of financial freedom to blow their competitors out of the water.
Sir Alex Ferguson would have a free rein to pick and choose the best players in the world without the fear that he couldn’t offer them the kind of astronomical sums that the likes of Chelsea and Man City have been handing out.
It will be interesting to see how this all pans out and this move is further evidence of those within Qatar who are seeking to get a foothold in the game ahead of the World Cup in 2022.
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