Major Man Utd takeover update as Avram and Joel Glazer ‘consider buying out their siblings’ and are ‘reluctant’ to sell
JOEL and Avram Glazer could launch a shock bid to keep control of Manchester United by buying out their four siblings.
The co-chairmen are said to be reluctant to sell the club as bidders prepare for Friday’s “soft” deadline.
PAAvram Glazer, left, and brother Joel are tipped to try to buy out their four siblings as they want to to stay in control at Old Trafford[/caption]
GettyBidders have until Friday to submit an opening offer for Man Utd[/caption]
Qatar Investment Authority are expected to make an approach worth around £5billion.
But the Manchester Evening News say Joel and Avram are “exploring” ways of retaining a majority stake.
Siblings Bryan, Edward, Darcie and Kevin are United directors.
Avram was in Qatar last week – with talk of selling a minority share to investors there.
The Glazers revealed in November they would consider “all strategic options” – including investment or an outright sale.
And Red Devils‘ fan Sir Jim Ratcliffe, who is thought to be worth £6.33bn, is keen to bid.
But he could face tough opposition from the Middle East and even the USA.
Potential investors are reportedly fighting to persuade David Beckham to back their bid.
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But it’s understood the Old Trafford legend is resisting all approaches.
The Telegraph claim a full bid for United will come from Qatar this week.
But Uefa rules banning two clubs with the same owners from both competing in the Champions League are a major stumbling block.
That’s because Qatar Sports Investment already own PSG.
The Emir of Qatar, Sheikh Tamim bin Hamad al-Thani, would hope to avoid that problem with investors separate to the French club’s owners.
