According to reports, sources close to the family say that they have turned down multiple bids of the club, with the most substantial one being a £1.5bn bid from an unnamed Middle-East suitor. However it could be possible that the Glazers are simply trying to get the Red Knights to up their bid by declaring that they are turning down strong interest elsewhere.
The Red Knights need to remain undeterred from these claims and do everything they can to try and buy back the club. The group, headed by Goldman Sachs economist and former Manchester United PLC director, Jim O’Neill were said to be close to finalising a £1.2bn offer for the club after discussing with Nomura, the Japanese investment bank and City lawyers Freshfields over the details of the bid. But should the news about other takeover approaches being rejected then it seems as though the Red Knights will have to up their bid.
Fan pressure from the Manchester United Supporters Group (MUST) seems to have done little in persuading the Glazers to sell up. Thousands of fans now infamously adorn green and gold scarves in protest of their regime, two large banners with the words “Love United Hate Glazer” were also shown during Manchester United’s second round Champions League game against AC Milan this season. However the Glazers seemed to have turned a blind eye to these displays of fans discontent. They still regard owning the club as ‘living in the best house at the top of the hill’ and as they see nowhere else better to go they will want to stay at the club.
The Glazers have been hated ever since their takeover of the club in 2005, which famously led the forming of breakaway team, FC United Of Manchester. However under the Glazer’s regime the club have managed to win three Premier League titles, three League Cups, two Community Shields and the Champions League.
There are plans for supporters to stage a final protest of the season against the Glazers at Old Trafford on Sunday, during United’s game against Stoke with 50,000 anti-Glazer banners and 10,000 whistles to be handed out. But once again it seems likely that the Glazers will ignore these attempts to get them to relinquish their hold on the club.
Hopefully the Red Knights can come up with a viable solution soon to takeover the club so that the supporters can finally have an owner that fills them with confidence.