The Glazers actually be staying at Man Utd after being offered financial backing
Manchester United owners, the Glazer family, have been offered the financial backing to remain in charge of the Old Trafford club.
Man Utd are currently under offer after the Glazers put the club they’ve owned since 2005.
Two bids were submitted before Friday’s deadline with British businessman Jim Ratcliffe and Sheikh Jassim Bin Hamad Al Thani both putting in offers.
However, according to ESPN, the Glazers have now been offered the financial backing to remain as owners.
That comes from American hedge fund Elliott Management with the New York-based group registering an interest in investing.
It means there are the possibilities of the Glazers remaining at the club after all.
Sources say that Elliott Management’s proposal is for “possible financing, not a bid for the club.”
Elliott have assets of $55 billion and made their proposal to finance United last week.
Neville: The biggest concern is that the Glazers stay at Man Utd
Even before this latest report emerged from ESPN, Gary Neville admitted he was worried the Glazers could stay at the club.
“I think what scares Man Utd fans most is the feeling this Man Utd ownership are running this process to drive a massive price up to try to somehow establish a level which means two of them can stay in and the rest of the family that want out can be bought out by an American fund who wouldn’t mind owning a minority or significant share but not the entirety of the share,” said Neville.
“That’s the biggest concern. The whole emphasis at this moment in time from Man Utd fans is this has to be the end of the Glazer ownership.
“They’ve run out of money, they’ve not invested in the stadium… the fans want a new stadium, whether that’s Old Trafford refurbished or a new one rebuilt, we need new facilities. Man Utd’s stadium is behind a lot of the big [clubs] in Europe.
“The sporting project they’ve failed on in the last 10 years since Sir Alex Ferguson left. It’s doing quite well at the moment, third in the league but it’s not where Man Utd want to be.
“I still think there is a focus that this isn’t one big charade that the Glazers are running to try to establish a value which would be for their brothers and sisters to exit and the couple that want to stay in to stay. There’s a priority at this moment in time for them to go.”