Man Utd owners the Glazers demands world-record fee for club

Cristiano Ronaldo's Man Utd contract terminated

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Manchester United owners the Glazers are out to land the biggest profit in sporting history as they seek to leave Old Trafford. The Florida-based owners, who loaded the club with debt to take control for just £790million back in 2005, want a massive £8billion.

If they get it that would make United the most expensive sporting franchise ever to change hands, doubling the £4bn paid for NFL outfit Denver Broncos by Walmart heir Rob Walton earlier this year.

United’s hefty price tag could well put off interested parties in both the UK and USA with British billionaire Sir Jim Ratcliffe on record saying he felt United were overpriced when valued nearer £5bn.

Ineos founder Ratcliffe is many United fans dream ticket given his Failsworth roots and lifelong support for the club. But other potential investors including the Red Knights consortium led by Lord Jim O’Neill could re-enter the fray having seen interest rebuffed by the Glazers in the past.

The club is also likely to attract interest from middle east money. The family are understood to be unanimous in their desire to capitalise on what they feel could be the top of the market.

Until now Joel and Avi Glazer were just two out of the six Glazer siblings who wanted to hang on to the club.

But the uncertainty over United’s Champions League security and the need to invest heavily in the infrastructure at Old Trafford and Carrington has convinced them that now is the time to take a profit.

Manchester United Supporters Trust (MUST) urged the Glazers to put the interests of the club first rather than take the highest offer.

In an open letter to the owners MUST said: “Now is the time for change in the best interests of Manchester United. The last 17 years has been characterised by debt and decline – on the field and off it.

“You can do two things for your legacy – the first is to prioritise the best interests of Manchester United Football Club over the financial interests of the selling shareholders.

“Our club, at this moment in time more than ever, needs the right ownership and that should be the priority rather than simply the highest bidders and highest return for you.

“Second, we implore you to move with speed. In football, any sort of hiatus or uncertainty is disastrous.”

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