Glazers search world report charge

Manchester United’s homeowners, the Glazer Household, are on the lookout for a world report worth for a sports activities franchise if they’re to promote the membership, sources have advised ESPN.

The Glazers issued an announcement on Tuesday to say they’re taking a look at “strategic alternatives” together with exterior funding or a sale.

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Sources have advised ESPN a full takeover is the almost definitely consequence, though the Glazer household will solely settle for a suggestion that will make United the most costly sports activities membership ever.

Chelsea fetched £2.5 billion ($3.02bn) and the Denver Broncos £3.85bn ($4.65bn) once they had been each bought earlier this 12 months.

Forbes’ newest valuation places United at £3.8bn ($4.59bn) however sources have advised ESPN the Glazers consider they will appeal to affords in extra of £6bn ($7.25bn).

Sources near the method have advised ESPN that the assertion issued on Tuesday was intentionally imprecise as to not weaken the Glazers’ negotiating place.

Whereas co-chairman Joel Glazer remains to be closely concerned within the day-to-day working of the membership, different Glazer siblings have “differences in strategy” and consider it’s the proper time to promote.

Co-chairman Avram Glazer advised Sky Information on Wednesday: “As we announced, the board went through a process and it was decided it’s going to look at different strategic alternatives and that’s what we’re doing.

“We have gone via a course of, we’ll take a look at all completely different strategic alternate options and we’ll see the place it leads us.”

Sources have told ESPN that The Raine Group, named as 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 identical 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 suggestion to purchase Chelsea earlier than the sale to Boehly, is but to touch upon hypothesis that he may very well be among the many bidders.