Our worst fear could become reality.
A report by Mark Ogden of ESPN indicates that Joel and Avram Glazer are “increasingly confident” of securing outside investment that would enable them to stay as Manchester United owners. It is reported that the Glazers believe the value of the club could as much as double over the next decade.
The news comes after earlier reports of there being a third round of bidding for the club, with Sir Jim Ratcliffe and Sheikh Jassim expected to make new bids. However, this pours cold water on those reports.
Glazers “confident” of staying- Posturing or fact?
The latest reports can be looked at from two perspectives. Some believe this is just posturing from the Glazers to extract more money from potential bidders. However, the flurry of reports pertaining to US investment firms coming up to provide financing indicates otherwise.
The whole Manchester United takeover process so far has seen many twists and turns and this is the latest of them. For the fans, this is a nightmare scenario. There was a wave of euphoria when the Glazers announced they were exploring strategic alternatives including a sale of the club. Since then, despite indecision among the supporters as to who they wanted as the new owners, the fanbase was united in the thought that there needed to be new owners.
Recent reports, therefore, would not be happy reading for the fans. The third round of bidding was expected to end before April to give potential new owners plenty of time to prepare for a pivotal summer window. However, with the lack of clarity in the process so far, combined with Manchester United’s precarious financial situation as it is, things have suddenly taken a bleak turn.
Why won’t the OT faithful just boycott attending matches. That way we can drive them out
All the Red army faithful fans should gather and demonstrate with our green colours at carrington training grounds ##Glazers out we don’t need your Debt money anymore
Why anyone would invest just to have Glazers milk more money is beyond me.
glazers out we don’t need you again better sell the club