Joel and Avram Glazer will consider offers for Manchester United
Even though Manchester City supporters were excited about the possibility of Thaksin Shinawatra selling their club in 2008, they were taken aback when they learned that the club had been purchased by the Abu Dhabi United Group, which promised enormous financial investment.
The takeover was completely unexpected, and in the 14 years that have passed since then, Manchester United's competitors have established themselves among the best in Europe. They are no longer the "noisy neighbors" that Sir Alex Ferguson disdained; instead, they have been the most successful team in the Premier League over the course of the past decade. As a result of their newfound dominance, the decline at Old Trafford has been made even more excruciating.
The rapid ascent of Man City in the Premier League has resulted in the elimination of one spot from the top four, and Newcastle is the most recent club to have lofty goals for the future. The Glazer family announced on Tuesday night that they were 'exploring strategic opportunities' for the club, and now may be the right time for them to finally leave Old Trafford because the share of the pie is getting smaller. This may be one of the reasons why now is the right time for them to leave Old Trafford.
The Saudi Public Investment Fund (PIF), who own a majority stake at St. James' Park, are said to be worth £320 billion, which makes them "the richest club in the world." This information was revealed after the contentious takeover of Newcastle United by a Saudi-backed consortium that occurred in the previous year.
PIF are approximately 13 times richer than Man City's owners, which means that the North East club theoretically has the resources they need to fund substantial and ambitious growth. Their owners have played down that status since Newcastle's acquisition, but PIF are roughly 13 times richer than Man City's owners.
The matches between Manchester City and Newcastle United in the Premier League have been dubbed the "oil derby" by fans on social media. There were also similarities in the way in which the clubs were bought, with the multimillion-pound deals coming as a surprise.
Because of the significant amount of money that is necessary to complete a transition for a Premier League club, non-disclosure agreements are signed in the boardroom, and leaks are strictly prohibited. This is because of the general rule that takeovers will not be heard about until after they have been completed. This is obviously not the case with Chelsea, as Roman Abramovich was subjected to sanctions by the UK government, which ultimately resulted in the sale of the club.
Knowledge that negotiations for a takeover have been made public is actually more often than not a negative sign, not a positive one. This is due to the fact that it can suggest that one party, either the buyer or the seller, is dissatisfied with some aspect of the deal and is attempting to put pressure on the other party.
For instance, the PIF had an interest in purchasing Newcastle in the year 2020; however, the deal fell through, and the PIF withdrew their interest after it did so; this was due to concerns regarding piracy by the kingdom as well as human rights complaints; the takeover was unexpectedly revived the following year.
Which of these new owners do you think would be the best fit for the club? In this extensive poll, both here and below, we want to hear your thoughts on the first part of the season.
The takeovers of Manchester City and Newcastle have shown that credible buyers have a tendency to surprise supporters with a purchase. At the same time, these takeovers have been the ideal case studies for highlighting the large number of organizations and individuals who are linked despite their lack of credibility. Those who are not sincere may view the possibility of being associated with a takeover as a chance to gain clout for themselves.
Mike Ashley, the billionaire owner of Sports Direct, made his first public announcement that he intended to sell Newcastle in 2009, but there were many false dawns before the sale was finally finalized. The fact that United are a different entity, a club that is vastly superior in size and reputation, is something that supporters can take as a positive in this regard. This will give supporters hope that there are more credible buyers in the market than timewasters.
Regardless, it is best practice to approach questionable takeover links with apprehension in order to avoid being taken advantage of. The fanbase is desperate to see the Glazers relinquish their control, making it easy for supporters to get "carried away," but the American's motivations are not yet known. It is easy for supporters to get "carried away."
The following is an excerpt from a statement that was released by the club on Tuesday: "Manchester United plc, one of the most successful and historic sports clubs in the world, announces today that the Company's Board of Directors is commencing a process to explore strategic alternatives for the club."
"The process is intended to enhance the club's future growth, and the end goal is to position the club in such a way that it can capitalize on opportunities both on the pitch and commercially. As a part of this process, the Board of Directors will consider all of the possible strategic alternatives, such as making a new investment into the club, selling the club, or engaging in other transactions involving the Company.
It is not known at this time whether or not the Glazers intend to sell their stake in the company or whether they are interested in bringing on a minority shareholder. In August, it was even speculated that the Glazer family had begun exclusive negotiations with the private equity firm Apollo in the United States for a minority stake.
They truly consider and value Manchester United as a global asset and marketing phenomenon, so it wouldn't come as a total surprise if they were fishing for a minority shareholder, even though it's a logical time for a permanent sale of the club.
Since the Glazers acquired the majority share in 2005, communication has fallen by the wayside, and it is almost certain that they will not reveal their true intentions until after a transaction has been actually finalized, just as was the case when Manchester City and Newcastle were acquired.
Which of these new owners do you think would be the best fit for the club? In this extensive poll, both here and below, we want to hear your thoughts on the first part of the season.
Alphonsus Odumu 1 w
Good to know