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Glazer Family Members Studying Manchester United Stake Sale, Bloomberg News Reports
Some family members are considering a sale after more than 20 years of ownership, while United shares rose 7% in extended trading.
- On Wednesday, Bloomberg News reported that some members of the billionaire Glazer family are debating selling their stake in Manchester United, potentially ending more than 20 years of ownership of the English Premier League club.
- The family, which still holds a majority stake, has faced years of fan protest over debt and infrastructure concerns, two years after selling a roughly 29 per cent stake to INEOS Group Chairman Jim Ratcliffe.
- New York-listed shares rose 7 per cent in extended trading, valuing the Old Trafford club at $3.64 billion based on Wednesday's closing price of $21.11 according to data compiled by LSEG.
- Since taking control of soccer operations, Ratcliffe has cut jobs and raised ticket prices, while a third-place finish under manager Michael Carrick secured a Champions League berth after the Alex Ferguson era.
- Internal discussions initially centered on individual sales, with some members now attempting to convince others to join them, though Manchester United did not immediately respond to a Reuters request for comment.
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Members of the Glazer family are considering selling their stake in Manchester United after more than two decades of ownership. Bloomberg reports that people familiar with the matter, several interested parties within the US-based family, are considering options that could include a partial or full sale of their holdings in the club. Discussions are said to have initially focused on individual share sales, with efforts now being made to encourag…
Coverage Details
Total News Sources31
Leaning Left6Leaning Right8Center5Last UpdatedBias Distribution42% Right
Bias Distribution
- 42% of the sources lean Right
42% Right
L 32%
C 26%
R 42%
Factuality
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