>
My tribe
As featured on NewsNow: Football news

Glazers can triple their money selling Man Utd

The Glazer family stand to triple their money if they sell Manchester United to the Red Knights.

The Sunday Times says the Glazer family could nearly triple their money only five years after buying Manchester United if the Red Knights consortium of City financiers pulls off a £1.25 billion takeover of the world-famous football club.

About £750m would go to the Glazers, who put in £272m when they bought the club in 2005, City sources said. The Florida-based family insisted last week they had no plans to sell.

It is understood that the Knights value United at up to £1.25 billion, including its £500m of debt. They hope to raise £750m to pay off the Glazers - £250m from supporters' groups and £500m from a consortium of wealthy private investors - and would retain the £500m of bond debt raised by the club in January.

About the author

Tribal Football Staff

Have your say
  • Add your favourite leagues and clubs
  • Build your own personal news stream
  • Easily share your favourite stories
  • Connect with what your friends are saying

Select your favourite
leagues and clubs
to get started.

Already part of MyTribe?