The Glazers could eventually stay with Manchester United as majority shareholders, despite putting the club up for sale. David Blitzer and Joshua Harris are said to be interested in a minority stake in the club. Daily mail reports that the Americans are considering making an offer soon. This would keep the Glazers as majority shareholders.
American duo is already co-owner of PL club
Biltzer and Harris are currently co-owners of Crystal Palace. This means the duo would have to sell their shares in the south London club before moving to United. The Americans previously bought about 18% of the shares in Palace at the end of 2015. Six years later, John Textor joined the club with a 40% ownership stake.
The pair missed out on the chance to buy Chelsea earlier last summer. Now Blitzer and Harris could shift their focus to United. A consortium led by Todd Boehly trumped two American businessmen with a $5.4 billion deal to buy the Blues.
The Glazers have clearly welcomed other investors to United. However, it remains to be seen whether they prefer a full sale or a partial investment. The sale of a minority stake in the club would help raise funds, while also keeping the family in control of the Premier League giants.
Others interested in taking over as majority shareholder of Glazers
Billionaire Sir Jim Ratcliffe also expressed interest in buying United. The British businessman is currently CEO of chemical company INEOS. However, Ratcliffe would most likely want a full purchase of the club. While many Red Devils fans welcome the billionaire’s interest in the team, Greenpeace is begging the Glazers not to sell to Ratcliffe.
The environmental group claims INEOS is terrible for the planet. “Accepting this offer would be a terrible own goal for Manchester United,” said a Greenpeace spokesperson Mirror. “Petrochemicals giant INEOS is just the latest fossil fuel company trying to use a popular sport to divert attention from their climate-wrecking business.”
“With holdings in oil and gas, plastics and agrochemicals, INEOS has a hat-trick of environmental damage to its name. They are at the top of plastic production in the UK and are one of the loudest voices for fracking.”
The Glazers are currently asking for more than $6 billion for a full sale of the club. This has clearly put off some investors. Negotiations can lead to the purchase price going down; however, a partial sale may also be in the cards.
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