Manchester United’s homeowners, the Glazer Household, are searching for a world report value for a sports activities franchise if they’re to promote the membership, sources have advised ESPN.
The Glazers issued a press release on Tuesday to say they’re taking a look at “strategic options” together with exterior funding or a sale.
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Sources have advised ESPN a full takeover is the almost definitely final result, though the Glazer household will solely settle for a proposal that might make United the costliest sports activities membership ever.
Chelsea fetched £2.5 billion ($3.02bn) and the Denver Broncos £3.85bn ($4.65bn) after they had been each offered earlier this 12 months.
Forbes’ newest valuation places United at £3.8bn ($4.59bn) however sources have advised ESPN the Glazers imagine they’ll appeal to affords in extra of £6bn ($7.25bn).
Sources near the method have advised ESPN that the assertion issued on Tuesday was intentionally obscure as to not weaken the Glazers’ negotiating place.
Whereas co-chairman Joel Glazer continues to be closely concerned within the day-to-day working of the membership, different Glazer siblings have “variations in technique” and imagine it’s the proper time to promote.
Co-chairman Avram Glazer advised Sky Information on Wednesday: “As we introduced, the board went by a course of and it was determined it is going to take a look at completely different strategic options and that is what we’re doing.
“We have gone by a course of, we’ll have a look at all completely different strategic options and we’ll see the place it leads us.”
Sources have advised ESPN that The Raine Group, named because the Glazers’ “unique monetary advisor” after dealing with the sale of Chelsea to LA Dodgers part-owner Todd Boehly and his consortium, haven’t put a deadline on receiving affords for United and there may be an expectation that most of the similar events who took half within the course of to purchase Chelsea will register their curiosity.
British billionaire Sir Jim Ratcliffe, a boyhood United fan who made a proposal to purchase Chelsea earlier than the sale to Boehly, is but to touch upon hypothesis that he might be among the many bidders.