Tight-lipped Man United co-owner Avram Glazer REFUSES to hand fans a specific update over his potential £7billion sale of the club – but insists the ‘process is proceeding’ in a rare public appearance from the elusive American
- Avram Glazer refused to deliver a specific update over the sale of Man United
- The Glazers announced they would consider selling the club last month
- The Raine Group has set the club’s asking price between £6billion and £7billion
- Glazer, 62, insisted a potential takeover is ‘not necessarily a sale’ while in Qatar
- He refused to talk about a specific timescale or any possible interested parties
- Click here for the latest World Cup 2022 news, fixtures, live action and results
Manchester United co-owner Avram Glazer has refused to give an update on a timescale or any potential takeover bids over the potential £7billion sale of the club.
The Glazer family last month announced their intention to ‘explore strategic alternatives’ at Manchester United, revealing for the first time that they would consider selling the club.
The Raine Group, which acts as the Red Devils’ exclusive financial advisor, has set an asking price of between £6bn and £7bn, aiming for a full sale in the first quarter of next year.
Owner Avram Glazer refused to deliver a specific update over the sale of Manchester United
The Raine Group, the club’s financial advisor, has set the asking price between £6bn and £7bn
When asked about the takeover while watching the World Cup in Qatar, Glazer declined to give supporters any specific update in a rare example of one of the much-criticised family speaking publicly about United.
‘It’s not necessarily a sale,’ he told The Athletic. ‘It’s a process and we’re going forward with the process, so we’ll see what happens.’
When asked whether any parties had expressed interest, Glazer replied: ‘I’m here to really watch the World Cup but I appreciate your interest.
‘That’s the update, it’s the process and the process is proceeding.’
The Glazers revealed their intention to ‘explore strategic alternatives’ at the club last month
The controversial owner, 62, has been in Qatar watching the World Cup semi-finals this week
The 62-year-old was then questioned about a detailed timescale for the takeover, but he simply said: ‘Once again, I’m here to enjoy the World Cup but I appreciate your questions.’
The Glazers, who are hugely unpopular with United fans, have been at the helm in Manchester for 17 years since the club’s controversial leveraged £790million buyout in 2005.
Amazon, Apple and lifelong Red Devils supporter Sir Jim Ratcliffe have all been linked to a takeover at the club, although it is believed no advanced talks have been made with any party at this stage.
Glazer attended the first semi-final between Argentina and Croatia and remarked that he was now ‘looking forward to the final’.