Man United’s latest takeover: Glazers Suffer Huge Financial Losses “Uncertainty” Surrounding Future at the club after decision on Man United Takeover - soccerdelights.com
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Man United’s latest takeover: Glazers Suffer Huge Financial Losses “Uncertainty” Surrounding Future at the club after decision on Man United Takeover

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Man United’s latest takeover: Glazers Suffer Huge Financial Losses “Uncertainty” Surrounding Future at the club after decision on Man United Takeover

Manchester United’s share price has fallen by a record amount in a single day after shares plummeted from $23.70 (£18.86) a share on Friday, September 1st to $19.35 (£15.41) at close on Tuesday, September 5th.

The news will surely be a devastating blow to the Glazer family, who had been in talks to sell the club earlier this year.

Manchester United Value drops by Over £550 Million in a Single Day

United’s value on the New York Stock Exchange has fallen by 18.22% after the market reacted to reports that the Glazer family are reluctant to sell their majority ownership of the club.

The American family are understood to control 69% of the Premier League side and had been in talks to sell their portion this summer.

However, reports from some newspapers have suggested that they intend to take their portion of the club off the market until 2025 when they allegedly believe that they will be able to receive between £7 billion and £10 billion in a sale.

Regardless, it appears that the stock traders have lost confidence in a potential takeover and have decided to exit their positions and sell the stock.

Journalist Ben Jacobs has described it as “the worst day in 11 years” of United being listed as a public company after over £550 million of its market value was wiped within 24 hours.

The Glazers faced heavy criticism when they bought majority ownership of the club in June 2005, as the deal was largely financed by borrowing secured against Manchester United’s assets.

The debt incurred by the purchase still stands at £500 million today and has cost the Red Devils over £1 billion to service, despite the fact the owners continue to receive dividends from the club.

Manchester United Sale Talks Appear to Have Stalled

In November 2022, the owners instructed banks to manage the sale of United to a new owner. Earlier this year, Qatari Sheikh Jassim and Sir Jim Ratcliffe, founder of INEOS Chemical Group, entered several bids in competition to purchase the club.

While the value of each bid was not publicly released, it is understood that the Glazers received bids that offered a premium on what was then a much higher stock price, although Sky Sports have reported that they failed to meet the set price of £6 billion.

Glazers’ Future at Manchester United Uncertain

It is unclear whether the latest reaction to reports will spark a reaction from the ownership, or whether they will continue with business as usual.

The stock price of the club is still valued significantly higher than the $13 (£10.35) it averaged before the club was officially listed for sale in November 2022, although it remains to be seen whether the price will tumble further.

For now, it is unclear how likely it is that new owners will arrive at the club in the near future. However, the market feels that the uncertainty and reports that the club could be taken off the market.

 

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“That particular player was the reason we sacked Erik ten Hag and I have warned Ruud van Nistelrooy to avoid using him.

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“That particular player was the reason we sacked Erik ten Hag and I have warned Ruud van Nistelrooy to avoid using him, If he breached the instructions then it will be over for him also”: Sir Jim Ratchliffe warns new Man United’s manager to avoid using ONE player who was the reason Erik ten Hag was sacked

Erik ten Hag has become the fifth Man United manager to be sacked in the last decade with the new club chiefs left unimpressed with his results this calendar year.

The Dutchman won two trophies in two seasons but guided United to their lowest Premier League finish last term. He was kept on by the new board this summer following an end-of-season review.”

However, having won just three of his first nine league games this campaign, Ten Hag has been relieved of his duties after 128 games as manager. Step-in caretaker Ruud van Nistelrooy takes charge while a permanent successor is sourced.

Van Nistelrooy becomes the ninth different figure – temporary or permanent – to lead the club since Sir Alex Ferguson’s retirement in 2013. He follows Ryan Giggs, Ole Gunnar Solskjaer and Michael Carrick in being among the Scot’s former players to take charge of United.

Earlier this month, Sir Jim Ratcliffe informed Ferguson that he would be relinquishing his role of club ambassador at the end of the season. It is thought the move is part of his cost-cutting exercises at the club, having already sanctioned the redundancies of 250 staff members this year.

However, the 72-year-old – who wishes to see United build a new 100,000-seater Old Trafford – has made clear that decisions regarding the first-team manager are not within his remit.

Asked about the future of Ten Hag earlier this month, Ratcliffe deflected: “I like Erik. I think he’s a very good coach but at the end of the day it’s not my call, it’s the management team that’s running Manchester United that have to decide how we best run the team in many different respects.”

Ratcliffe oversaw a revamp of the United boardroom this summer, with old figures ushered out and new top brass headhunted. Former Manchester City chief Omar Berrada was announced as the club’s new CEO in January while technical director Jason Wilcox was pinched from Southampton.

United had to fork out compensation to Newcastle United when acquiring sporting director Dan Ashworth, who insisted that the decision to keep Ten Hag was made before his summer arrival. United will lose around £17million in sacking compensation to Ten Hag.

Ineos sporting chief Sir Dave Brailsford and Ineos CEO Jean-Claude Blanc are also on the board while Christopher Vivell sits as director of global talent.

While clarifying his role in the managerial turnover process, Ratcliffe urged the boardroom to “to take stock and make some sensible decisions,” having “not been there a long time.”

He underscored: “Our objective is very clear – we want to take Manchester United back to where it should be, and it’s not there yet, obviously – that’s very clear.”

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Club statement…

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Club statement…

Erik ten Hag has left his role as Manchester United men’s first-team manager.

Erik was appointed in April 2022 and led the club to two domestic trophies, winning the Carabao Cup in 2023 and the FA Cup in 2024.

We are grateful to Erik for everything he has done during his time with us and wish him well for the future.

Ruud van Nistelrooy will take charge of the team as interim head coach, supported by the current coaching team, whilst a permanent head coach is recruited.

 

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Ten Hag out!! Predicted Man United line up under Xavi Hernandez – as INEOS set to sack Ten Hag if He fails to deliver West Ham game tomorrow

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Ten Hag out!! Predicted Man United line up under Xavi Hernandez – as INEOS set to sack Ten Hag if He fails to deliver West Ham game tomorrow

Barcelona legend Xavi has made his stance on Manchester United clear amid reports linking him as a possible replacement for Erik ten Hag as manager at Old Trafford. Ten Hag is under mounting pressure following a lackluster start to the season, with his side winning only three of their first eight Premier League matches.
This disappointing run has fueled speculation about his future, and names like former England manager Gareth Southgate, Brentford boss Thomas Frank, and Xavi have all surfaced as potential replacements.
Xavi’s thoughts on Manchester United have resurfaced from a past interview, providing some insight into his view of the club.
Speaking after Barcelona’s Europa League tie against Manchester United in 2023, the former Barca midfielder expressed respect for the Red Devils and praised Ten Hag for the progress he had made with the team. “I think Manchester is coming back, and they showed their best,” Xavi said in an interview with TNT Sport. “We need to be proud.
I think both teams are more or less in the same moment, in the same position, that we are coming back. I said to Ten Hag now, ‘Congratulations,’ because he’s doing very well and they are Manchester United.”
Xavi’s remarks reflected his belief that both Barcelona and United were in periods of rebuilding, with the potential to reestablish themselves as top contenders in Europe.
He even hinted that future meetings between the two clubs could happen in the latter stages of the Champions League. His praise for United and Ten Hag has now taken on new relevance as discussions about his potential move to the Premier League intensify.
Reports have emerged suggesting that Manchester United CEO Omar Berrada traveled to Spain for two rounds of talks with Xavi to explore the possibility of bringing him to Old Trafford.
However, it seems that Xavi, who is currently enjoying some time away from the game, is not interested in cutting his break short. According to the Spanish newspaper AS, the 44-year-old has no intention of returning to management just yet, even if it means passing up a significant opportunity with a club as prestigious as Manchester United.
Meanwhile, Ten Hag has addressed the ongoing rumors surrounding his job, expressing frustration with the media’s portrayal of his situation. Before United’s recent 2-1 win over Brentford, Ten Hag dismissed the speculation, calling it “noise” created by the press. “Noise is only coming from some of you [media], creating stories and fairytales, bringing lies,” he said.
Ten Hag emphasized that while the team is unhappy with its current position in the league, they remain calm and confident in their plan. He assured that despite the speculation, he believes success will come under his leadership.
The situation leaves Manchester United in a state of uncertainty, with Ten Hag fighting to keep his position amid a difficult run of form, while Xavi, one of the names floated as a possible successor, seems uninterested in taking over at this time. As rumors continue to swirl, both the club and its fans await further developments.

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