Shareholders and analysts are watching Manchester United’s fourth-quarter earnings set to be released today, to see where the club stands.
There is also increased supposition that the Glazer family will be selling their stake in the popular English Premiership club this year. For the first time ever, after Bloomberg broke the news in August that the Glazers were considering selling a minority stake, the family did not issue a denial.
What’s at stake?
Potential buyers
Those who declared interest in August include:
Jim Ratcliffe, the chemicals baron - Britain’s wealthiest man, said he’d be interested.
Apollo Global Management -private equity group.
Elon Musk- After the Twitter debacle his word is not worth much at the moment.
What is at stake?
The results that the market is eager for will influence the value of whatever stake that the Glazers offload. The thorny bouquet will include:
· 5 consecutive seasons with no trophy
· Heavy debts
· $285 million salary bill for 2022.
· Stock is down 28% year on year.
· Potential stadium repairs bill of £1.5 billion
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