Gary Neville claims Manchester United fans are worried that the Glazers could end up STAYING at the club following financing proposal from US hedgefund Elliott, who would be happy to own a minority stake at the Red Devils
A deadline was set for last Friday evening for bids to buy Manchester United
Qatari investors are thought to lead the race with ‘100 per cent’ take over bid
However, minority financiers could also be considered to work with the Glazers
Gary Neville believes Manchester United fans are still fearing the Glazer family could retain control of the club despite the Premier League giants being put up for sale.
A soft deadline was set for Friday to purchase the club, with numerous offers funnelling in from around the world.
A Qatar bid led by Sheikh Jassim bin Hamad bin Jaber Al Thani announced they wanted to buy ‘100 per cent of the club’ to restore it the summit of world football.
They are expected to be rivalled by Ineos chief and Britain’s richest man Sir Jim Ratcliffe, but there is no rival bid coming from Saudi Arabia – thought to be a chief challenger to Qatari investors.
However, there were many other groups looking to make investments in exchange for a partial stake in the club.
The Glazer family are selling Manchester United and have had multiple offers for the club
Gary Neville claims fans fear that the Glazer family could still stay in charge at Man United
Giant US hedge fund Elliott has offered to provide financing for a bid that would not be a full takeover.
This would benefit existing co-owners Joel and Avram Glazer as they could stay on at the club, but also allow other members of the Glazer family to sell unwanted shares.
Neville believes fans are now concerned that the bidding process may not see the end of an ownership long despised by supporters.
‘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 on his SkySports podcast.
‘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
‘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.’
US merchant bankers Raine Group, who are overseeing the process, are believed to be frustrated at bidders going public with their offers for United.
Those involved with the Qatar bid remain quietly confident of success ahead of what could be another two or three rounds of bidding.
On Sunday, the Manchester United Supporters Trust released a statement on the situation.
It read: ‘At the commencement of the sale process, MUST was very clear about our list of asks for any new owner of Manchester United.
‘These were to restore the club to the top of European football, invest in the teams, the wide club and the stadium, to ensure financial stability and to work in true partnership with fans at all times. These principles have been backed to date by 150 fan groups from all across the world.
Manchester United supporters have long campaigned for the Glazers to leave the club
A Qatari bid for Manchester United has been handed a boost as there is no Saudi-backed offer
‘Any bid will be judged against these criteria, but with the news of the specific bids coming in, further considerations arise.
‘There are questions about sporting integrity given the exceptionally close links between some bidders and the owners of other European clubs including PSG and Nice.
‘There are also questions about whether any bids will also be based on high levels of debt.
‘We urge all bidders to open a dialogue with fans groups alongside the bidding process with the club, in order to discuss their proposals including the above issues.’
Source of data and images: dailymail
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Gary Neville claims Manchester United fans are worried that the Glazers could end up STAYING at the club following financing proposal from US hedgefund Elliott, who would be happy to own a minority stake at the Red Devils A deadline was set for last Friday evening for bids to buy Manchester United Qatari investors are …
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