Glazers Inform Man Utd Directors Of Sale Plans News

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Glazers Inform Man Utd Directors Of Sale Plans

By Daily sports on April 26, 2021

The Glazers have told Manchester United chiefs they are not for sale – despite the collapse of the European Super League (ESL.

The Florida-based Glazer family, who took over at Old Trafford in 2005, are braced for a fresh wave of fan protests following revelations that they played a leading role in the failed breakaway proposal, says the Sunday Express.

But the Glazers still regard United as a valuable asset that will continue to bank them millions in dividends in the coming years.

And they have made it clear to senior members of staff that they will not be driven out of Old Trafford.

United’s debts are once again close to £500 million, 16 years after Malcolm Glazer completed a leveraged buy-out by borrowing heavily to secure ownership of the club.

The billionaire died in 2014, but his children have continued to reap rewards from the club.

It has been estimated that around £1.5 billion has been spent servicing debts and dividend payments to the family. (Tribal Football)

•PHOTO: The Glazers Family

Source Daily sports

Posted April 26, 2021