- 1,612
- 9
- 38
Debt: We do not know for certain that the Glazers actually want to sell Manchester United.
All they said in November is that they have appointed The Raine Group to look at a range of alternative strategies for the club going forward. One of those could be a full sale, but another option they have is just to sell a minority stake in United.
The Glazers have to decide whether being offered £5bn for the club is just too good a deal to turn down. They have also moved the registered office from Old Trafford to the Cayman Islands so the tax implications have been reduced.
But if they stayed on they could take up another one of the options that Raine have come up with, for instance, a possible proposal from Elliott Management. They could take a stake in Manchester United in return for the money that they put in which could be used to improve the infrastructure.
So maybe the Glazers will think, 'We're not going to sell it now. We will just sell 10 per cent for £500m and we'll use that to redevelop Manchester United'.
Ten Hag and transfers: The Glazers are aware that more money needs to be spent on the squad as well, but if you look at the figures over the last three years, United have spent big on transfers which has contributed to a loss of £230m over that period. At the moment it's a loss-making business.
But for the first time really since Sir Alex Ferguson left, there's light at the end of the tunnel. They have got Ten Hag, the team is playing well and they are in four competitions.