SHOCKER: Man Utd debts on hits the roof ‘pass £1Billion’ under Glazers as Sheikh Jassim left waiting on takeover - soccerdelights.com
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SHOCKER: Man Utd debts on hits the roof ‘pass £1Billion’ under Glazers as Sheikh Jassim left waiting on takeover

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SHOCKER: Man Utd debts on hits the roof ‘pass £1Billion’ under Glazers as Sheikh Jassim left waiting on takeover

Club debts at Manchester United have passed £1billion for the first time as the Glazer family continue to drag their heels amid the ongoing takeover saga.

Both Sheikh Jassim of Qatar and Sir Jim Ratcliffe have made multiple offers to take over at Old Trafford, but they appear no closer to taking over from the Glazers as supporters continue to be left in the dark.

Recent reports had suggested that the current owners were set to make a U-turn and decide against selling the Red Devils as their valuation had not been made despite bids upwards of £5bn from both interested parties.

This has come over nine months since the Glazers first admitted that they were open to a sale in November 2022.

Fans have continued to stage protests at Old Trafford against the current ownership, having criticised them throughout their 18-year association with the club after a highly leveraged takeover in 2005. They have been slammed for loading debt onto the club, which continues to rise to this day.

Their debt has passed £1bn for the first time, according to the Daily Mail, increasing from £969m this year in their third-quarter results.

The debt is a result of the combined gross debt, bank borrowings and outstanding transfer fees – the latter has risen to £279.8m, up from last year’s £227.7m and does not include this summer’s deals.

It comes after club shares on the New York stock exchange suffered their largest single-day fall after news broke that the Glazers were considering turning down both Jassim and Ratcliffe, dropping by 18.2 per cent on Tuesday.

Ryan Giggs has become the latest ex-United player to speak out on the takeover saga, as Gary Neville and Rio Ferdinand have led public calls for the Glazers to leave. Speaking on the Webby & O’Neil YouTube channel he said: “It’s the one who’s going to make a difference, the one who’s going to put in significant investment. From the outside, it looks like Sheikh Jassim who’s going to put the most money in, who’s going to own it 100 per cent.

“We need significant investment in both the playing staff, the stadium and the training ground. You need everything.

If things weren’t too bad on the pitch, if we were winning games, winning trophies, then you could probably get away with it.

“But we’re not winning games, we’re not winning trophies and it’s just an added pressure for the manager, for the players, with lots of outside noise.”

Giggs was speaking in his first interview since being cleared of domestic abuse charges and is now among those calling for the current owners to leave, but amid a huge and growing amount of debt in the club the Glazers appear no closer to selling up.

 

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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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