Glazers want world record fee

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manchester unitedThe owners, the Glazer family, are seeking a world record price for a sports franchise if they are to sell the club, sources have told ESPN.

Glazers issued a statement on Tuesday to say they are looking at “strategic options” including outside investment or a sale.

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Sources have told ESPN that a full takeover is the most likely outcome, although the Glazer family will only accept an offer that would make United the most expensive sports club ever.

Chelsea £2.5bn ($3.02bn) and the Denver Broncos £3.85bn ($4.65bn) when they were both sold earlier this year.

The latest Forbes valuation puts United at £3.8bn ($4.59bn), but sources have told ESPN the Glazers believe they could attract offers in excess of £6bn ($7.25bn).

Sources close to the process have told ESPN that the statement released on Tuesday was intentionally vague so as not to undermine the Glazers’ negotiating position.

While co-chairman Joel Glazer is still heavily involved in the day-to-day running of the club, the other Glazer siblings have a “difference in strategy” and believe it is the right time to sell.

Co-chairman Avram Glazer told Sky News on Wednesday: “As we announced, the board went through a process and it was decided that it was going to look at different strategic options and that is what we are doing.

“We’ve gone through a process, we’re going to look at all the different strategic options and we’ll see where it takes us.”

Sources have told ESPN that the Rhine Group, named as the Glazers’ “exclusive financial advisor” after handling the sale of Chelsea to LA Dodgers part-owner Todd Bohli and his consortium, has set a deadline for United to receive an offer. Has not done so and there is an expectation that the same parties that took part in the process to buy Chelsea will register their interest.

British billionaire Sir Jim Ratcliffe, a boyhood United fan who offered to buy Chelsea ahead of the sale to Bohli, has yet to comment on speculation he could be among the bidders.



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