Premier League

Glazers set huge £3.75bn price for Man United ahead of possible sale to state wealth fund | Football

Anti-Glaser protests have ramped up at Old Trafford. (Photo by OLI SCARFF/AFP via Getty Images)

Manchester United’s Glazer owners have reportedly set a £3.75billion price tag for the club’s sale, which has sparked interest from Dubai’s sovereign wealth fund.

The Glazers have faced mounting protests from fans in recent seasons as the team’s continued lack of success draws attention to their ownership of the club, whose debt has soared to around £600m and facilities such as Old Trafford have fallen into disrepair.

Protest marches have taken place ahead of a number of Premier League games so far this season, with two defeats in the first two games leading to the Glazers’ leadership of the club coming under closer scrutiny before Erik ten Hag’s men began a winning streak of four games started.

Now the Daily Mail are reporting that the Americans are ready to sell United but will ask a staggering £3.75bn for it.

The size of the number means United would be out of reach for even the extremely wealthy individuals and hedge funds, and increases the likelihood of a sovereign wealth fund becoming a potential prospect.

Abu Dhabi and Saudi Arabia’s sovereign wealth funds already own Manchester City and Newcastle United, while Qatar’s counterpart has been in charge of Paris Saint-Germain since 2011. The report lists Dubai, another emirate in the United Arab Emirates alongside Abu Dhabi. as a contender to take over United.

All three clubs have improved and spent more money on transfers since their acquisitions, but the fact that their sporting projects are essentially propaganda tools used to protect their national finances once oil resources are exhausted has accused all clubs of it enables to have “sportswear”.

All three countries have poor records on human rights, particularly those of women and LGBT+ people, and democracy, and have been accused of using their sporting interests to tarnish their reputations on the international stage.

United are currently fifth in the Premier League table, three points behind leaders Arsenal, who they beat 3-1 at Old Trafford on Sunday afternoon.

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