Kevin Glazer, according to the British tabloid The Sun, is reportedly interested in selling his 13% stake in the club, after he recently converted his Class B shares to Class A shares, which will enable him to sell the stakes in the New York Stock Exchange.
Following the death of the previous head of the Glazer family Malcolm Glazer, the Manchester United share passed down to his 6 siblings, one of whom is ready to sell his stakes in the Red Devils.
Saudi royal family are reportedly interested in buying the stakes, as they had previously made a £3billiion bid to buy the club, rejected previously by the Glazers.
Manchester United’s present valuation stands at $2.64billion (£2.03bn)m which is considerably less than than the $3bn (£2.31bn) the club was worth at the start of the season.
And while the Saudi royals might try and use the club’s current situation in their favour to try and secure a takeover, City experts told the Daily Star that any prospective buyers would need to table a bid of at least $4bn (£3.08bn).
A leading financial analyst told the publication:
“If United are worth $2.64billion in terms of current share price, you’d be looking paying at least $4billion to buy out the Glazers.”
Someone is going get flushed with money and we are once again getting braced for a flurry of signings in another half of Manchester.