Glazers family all set to sell Manchester UnitedBy ANI
Wednesday, December 22, 2010
LONDON - The Glazers family will sell Manchester United and there is no doubt about it, according to a top official.
The news has now opened the door for the Qatar royal family, headed by Sheikh Hamad bin Khalifa Al Thani, who have targeted United in a 1.5 billion dollar deal.
Old Trafford non-executive director Mike Edelson said: “It’s no secret that, at some time, the family will sell.”
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 790 million pounds five-and-half years ago, the owners now stand to double their money.
The Sun quoted sources as saying that the Glazers are ready to sell after they paid off 252 million pound of the 752 million pound 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 buy. (ANI)