Chelsea's record sale last year has proved to the Glazer family that now is the right time to sell Manchester United, industry experts told Reuters, with any deal for the Premier League club having the potential to be the biggest in sporting history.British billionaire and long-time United fan Jim Ratclif
Chelsea's record sale last year has proved to the Glazer family that now is the right time to sell Manchester United, industry experts told Reuters, with any deal for the Premier League club having the potential to be the biggest in sporting history.
The club is one of the world's biggest sporting brands and generated 689 million euros in revenue in 2021-22. The Glazers bought United for 790 million pounds in 2005 in a highly-leveraged deal which has been criticised for loading debt onto the club.United's net debt grew nearly 23 per cent to 515 million pounds in September, but that will not deter potential investors, according to Joyce and Spencer Harris, Associate Professor of Sport Management at the University of Colorado."But the Premier League generally and Manchester United specifically do not represent a rational market.
The Chelsea deal involved the new owners paying 2.5 billion pounds to purchase shares while committing a further 1.75 billion pounds to invest in the club, particularly the stadium. "Compared to other leading clubs, investment into capital projects such as the stadium, the training ground at Carrington and continued investment into the playing squad is very significant," Bridge said.
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