Glazers Deny United Sale
A SPOKESMAN for Manchester United owner Malcolm Glazer has moved to refute a story in the Mirror which claims the American billionaire is set to sell the club after profits fell short of expectations.
The Glazer family took control of the Red Devils less than three years ago, amidst a barrage of protest by United fans angered by the £790million sale of their beloved club.
However, with the vast majority of anti-Glazer sentiment proving to be nothing more than hot air, it was soon business as usual again for the Manchester giants who, this season, secured the Premiership title for the first time in four campaigns.
The Mirror claims that the relationship between the club’s management and the Glazers has become fraught, with the Flordia-based owners now looking for a way-out. The paper quotes a “well-placed City source” saying: “What we’re all hearing is United hasn’t turned out to be what the Glazers thought it was. When they paid so much, they were convinced a lot of money was to be made. Buying United wasn’t about owning a football club, but a business decision and from an investment point of view it’s been little short of disastrous.”
However, according to the Glazers’ spokesman: “There is not a grain of truth to this story – the family is committed to the long-term ownership of the club.” So there you have it. Or not. Depending on what you believe.
According to the Home Office, organised criminal gangs are raking in a rather impressive £15billion a year in profits. Maybe one of them could buy United if the Glazers do decide to sell.
Posted: 27th, May 2007 | In: Money Comment | TrackBack | Permalink
