Despite fan protests, the Glazers have no intention of bowing to pressure to sell Manchester United because they can ensure that the club’s value is doubled in the coming years.
It can be recalled that thousands of fans protested outside Old Trafford on Sunday against the Americans’ ownership of the club and this resulted in the postponement of their Premier League clash against Liverpool.
A good number of fans also made their way onto the stadium’s turf just an hour before the scheduled kickoff of the game. Manchester United was acquired by the Florida-based family in 2005 of around £780m and the club instantly entered into debt waters of around £550m.
Regardless, in their 16 years of owning and running the club, the family have reportedly taken around £1.5bn out of the club, money which could have made major headway in the acquisition of players, stadium management, and other projects.
Meanwhile, the vast interest repayments that the club had to endure in the early years of the family’s ownership cost the Red Devils in the transfer market, amid heavy reliance on the legendary Sir Alex Ferguson to keep the club competitive.
It can be recalled that the club sold their star man Cristiano Ronaldo to Real Madrid in 2009 for a world record fee of £80m. They insisted that the La Liga giants pay the fee in one lump sum to ensure that interest repayments were in check.
However, after the sale of the Portuguese, he was replaced with the likes of Wigan’s Antonio Valencia, Gabriel Obertan, and Michael Owen who left Newcastle United on a free transfer. It can be recalled that the have been protests in the past such as the Green and Gold Campaign of 2010.
This recent protest was provoked by the club’s key role in the actualization of the European Super League and this served to refocus the anger of fans on the Americans.
Regardless, it appears that the fans’ protests have not hit home as expected as the Glazers do not have any plans to sell the club, and this is against what the supporters would have hoped for after the protests.
Meanwhile, Manchester United’s value is between £3.7bn-£4bn, but the Glazers believe that the amount will increase and see the club worth around £7.2bn in the coming years. Therefore, it comes as no surprise that they are not willing to let go of their stake.