Glaziers To Sell Stake In Utd ?
Glaziers to sell stake in United to raise funds for wiping out debt.
Rumour has it that the Glaziers will sell between 15% and 25% of their shares to raise the funds to pay off some of the debts incurred when they bought the club.
United is valued by them at £1.7 billion, which is a huge markup on the £800 million they bought the club for back in 2005.
IF this comes off and the club is seen as debt free - then what spending power will we have in the transfer market?
Mounting specualtion is that the club will be listed on the Hong Kong Stock Exchange increasing the value of the club.
I have mixed views about this rumour - it could be a very good situation for us to be in - but in all honesty would another takeover occur?
Our recent spending spree supposedly financed by the Qatari Royal Family, has seen us buy in some very good youngsters - ones for the near future, but I still feel we need a 'marquee' signing.
Considering the Blue half of Manchester being owned by very rich Arabs, how would we feel about a possibilty of the Qatari Royal Family owning the shares the Glaziers are supposedly going to sell?
Maybe a complete takeover is on the cards, and the Glaziers are just trying to be shrewd and get a much for themselves from the club as possible?
Written by Niteworlok