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Manchester United owners ‘want the sale of the club to be completed by March’ but the £7billion asking price set by the Glazer family would be too high

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The Glazer family are said to be desperate to complete a full sale of Manchester United by March.

But in a blow to the US owners, their valuation of between £6bn and £7bn was deemed too high for potential suitors.

AFP

Joel and Avram Glazer put Manchester United up for sale last month

Brothers Joel and Avram Glazer announced United were on the market last month after 17 years of ownership.

Former Crystal Palace chairman Simon Jordan has described United as an “attractive investment” for future owners.

But it looks like the Glazers are struggling to try to whip the club up at the asking price, according to The Athletic.

And it will come as a frustration for United fans, who have voiced their protests over the Glazers leaving since 2005.

The Glazers have appointed investment bank The Raine Group as exclusive financial advisor.

But it has been said that financial pundits have questioned whether the Glazers are getting the huge lump sum money.

United has been owned by the Glazer family since 2005

Getty

United has been owned by the Glazer family since 2005

United’s stock has actually fallen from £10.61 to £16.28 since the Glazers announced the club was on sale. However, investors believe the price should have risen more, with shares rising from £18.50 last week.

It is understood that nation states would be able to afford the £7bn price tag, but that seems unlikely at present.

It has been suggested that the Saudi Public Investment Fund may be interested, although Qatar’s Supreme Committee has deemed Premier League clubs too expensive.

Meanwhile, United will not see any investors coming from Dubai as they currently only focus on the tourism industry.

The Glazers are hoping to salvage between £6bn and £7bn for the Red Devils

Getty

The Glazers are hoping to salvage between £6bn and £7bn for the Red Devils

Sir Jim Ratcliffe has been touted as a possible future owner who approached the Glazers this summer.

Amazon, which owns the broadcast rights to a number of Premier League matches, has also been linked to buying the club.

But in response to reports linking Amazon to Man United, a spokesperson said: “Amazon declined to comment on rumors and speculation.”

And The Athletic ruled out Apple making a bid after there was speculation they might consider a bid.

Just like the clothing brand Zara, which “denies the existence of signs of interest in acquiring the Manchester United club”.

As the Glazers and the Raine Group push for a full sale before Q1 2023, there are huge question marks over whether it can be achieved with the money they seek.

And unlike the sale of Chelsea to Todd Boehly where the British government imposed a deadline on the purchase, a takeover of United will not be quick.

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