Glazer Rejects Man United Sale Despite Crisis
Glazer Rejects Man United Sale Despite Crisis

Glazer Rejects Man United Sale Despite Crisis

News summary

Avram Glazer has firmly stated he will not sell Manchester United despite the club's deepening financial crisis, characterized by a recent £27.7 million loss and a debt of £516.5 million. The financial struggles include a £14.5 million expense for sacking key staff and rising interest costs from foreign exchange fluctuations. The Glazer family has sold only a minority stake to Sir Jim Ratcliffe's Ineos group, despite fans' hopes for a full sale. The Manchester United Supporters’ Trust has called for ticket price freezes, criticizing the Glazers for financial mismanagement. Glazer's decision to maintain control comes amid persistent fan protests and dissatisfaction with their ownership over the years.

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Left 33%
Center 33%
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Last Updated
41 days ago
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33% Center

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