Avram and Joel Glazer to buy out siblings Manchester United shares amidst multi-billion take over bids

Manchester United owners Joel and Avram Glazer planning to buy out siblings as soft deadline day closes in

Avram and Joel Glazer to buy out siblings Manchester United shares amidst multi-billion take over bids

Manchester United are reportedly set to be taken over by a Qatar Investment Group. Image via Instagram

As the soft deadline for the proposals of the club’s takeover is close, Manchester United co-chairmen Avram and Joel Glazer are planning to buy out their four siblings. Their siblings Bryan, Edward, Darcie and Kevin Glazer are part of the Manchester United board. While prospective investors are preparing to submit their proposals for buying the club. The club has set a soft deadline of February 17 for interested parties to formally propose their strategy.

Both Avram and Joel Glazer are reluctant to sell the club despite the protests of fans against their ownership. The Glazers announced that they had started a process “to explore strategic alternatives to enhance the club’s growth” three months ago. Avram Glazer was reportedly in Dubai last week to sell a minority stake to Qatar-based investors.

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Glazer also attended the International League T20 final on Sunday, in which his team, the Desert Vipers were playing Gulf Giants. The Desert Vipers lost the final in the Gulf state. Meanwhile, Manchester United won their fifth game in six matches on Sunday against Leeds, as Marcus Rashford and Alejandro Garnacho scored in a 2-0 victory.

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Sir Jim Ratcliffe reportedly interested to buy Manchester United

Sir Jim Ratcliffe is amongst a list of prospective buyers for English club Manchester United.

Failsworth-born Sir Jim Ratcliffe is one of the most eligible prospects for buying Manchester United. Sir Ratcliffe, who is going to turn 70, has been a United fan since he was a child. The 27th richest man according to The Sunday Times is already a sports investor. Ratcliffe funded Eliud Kipchoge’s effort to run a marathon within two hours, and since then, the Team Sky cycling team have been rebranded as Ineos Grenadiers.

Sir Ratcliffe also owns French league side Nice, who went from a mid-table team to now competing for a Champions League spot. Ratcliffe has been speculating whether to buy a Premier League club for a very long time. “We need to find out how to be successful before you ever want to write a big cheque,” he told in an interview with The Times in 2019.

An Ineos spokesman also stated that Sir Ratcliffe was keen on buying Manchester United. Inside sources from the club claimed that it was just a ‘speculation,’ However, the spokesman stated otherwise. “If the club are for sale, Jim is definitely a potential buyer,” he said. Amidst United’s takeover speculations and rumors, they play Leicester City on February 19th in the Premier League.

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