Glazers could delay sale of Man Utd after success of Ten Hag’s rebuild as hated owners ‘want to hold out for $10BILLION’
THE GLAZERS could reportedly delay the sale of Manchester United following the on-pitch success of Erik ten Hag, which could see the price of the club rise to over £8billion.
The Red Devils chiefs revealed in November that they were willing to listen to offers for either a stake in the Premier League giants or an outright purchase.
APThe Glazers could hold off on selling Manchester United should the club be successful under Erik ten Hag[/caption]
AFPThe owners believe the value of the club could increase with Erik ten Hag’s success[/caption]
But United look to be on an upwards trend.
Ten Hag’s Man Utd are in the Carabao Cup final, which they will contest later this month against Newcastle, and they’re well in the race for a top-four finish.
And according to ESPN, due to Ten Hag getting a tune out of the Red Devils, the Glazers could delay the sale of the Old Trafford club.
Some within the ownership group believe that the value of the club could skyrocket if Ten Hag steers his team into a lengthy successful patch.
The report states that United as it stands, could still be bought for a world-record price for a sports franchise at close to £6bn.
Should Ten Hag keep United competitive, crucially through a period that could see a redeveloped or rebuilt Old Trafford, the Glazers may be able to fetch £8bn.
The Mirror, meanwhile, say “in one final cruel twist of pain”, the Glazers are planning to leave behind the £500million debts they have accrued at Old Trafford.
Since the May 2005 takeover, they have taken out around £1.6bn in dividends and management charges, debt repayments and share sales.
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Interest has also been lodged from the Far East, Middle East and United States with Raines Group, the merchant bank tasked with the sale.
British billionaire Sir Jim Ratcliffe, who happens to be a Man Utd fan, is also keen.