Manchester United’s parasitic owners, the Glazer family have in recent months come under increasing pressure to loosen their grip and walk away from the 20-time English champions.
Ever since their infamous 2005 leveraged buy-out of the club, the greedy Glazers have been steadily taking large sums out of the club, without directly investing any out of their own pockets.
The result has been a steep decline in standards at Old Trafford after years of mismanagement and poor administration, culminating in the current calamitous predicament the team and supporters find themselves in.
However, if a report by the reliable James Robson is to be believed, there could be hope in the not-too-distant future for United supporters.
Robson reports that the Glazers would demand around £6 billion to sell the club.
“It would take around £6bn to buy Manchester United.”
— UtdPlug (@UtdPlug) August 17, 2022
“What with the club now likely to cost more than £5 billion ($6bn) by conservative estimates.”
Last week, ex-United director Micheal Knighton came out in an interview, stating his intention to form a consortium of buyers who would effectively pry United out of the hands of the Glazers.
Knighton branded the club ownership as inept, insisting that a change was necessary. The billionaire sent fans into a frenzy although a report came out that the club were not treating him as a serious candidate to take over at the helm.
On Knighton and his once-failed bid to buy United a few decades ago, Robson reports, “You see, Knighton has history.”
“The reason he had his five minutes of fame out on the pitch on a late summer’s day in 1989 was because he was set to buy United for the meagre sum of £10 million.”
On Knighton’s hostile takeover intention and the $6bn valuation, “To cut a long story short – it didn’t happen. So, it is little wonder his latest intentions are being greeted with such scepticism.”