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Man United co-owners the Glazers handed new major blow after £145m takeover update

Manchester United co-owners the Glazers have reportedly stepped away from a bid to buy a stake in Hundred Cricket team Manchester Originals.

The Mail Sport have reported that the family had expressed an interest in investing in a stake of the Old Trafford franchise recently. However, the report claims that they had been warned against a move by those close to the process over their controversial tenure at United.

Underachievement and widespread fan protest has been a major talking point in recent years. United announced an increase in match tickets for members to £66 for the remainder of the season, a decision that resulted in protests in November.

On Monday, RPSG Group, owners of the IPL's richest club, won the auction to take a 71 per cent stake in Manchester Originals. The move sees them become the first external investor to own a majority share in a Hundred franchise.

It has also been reported that the Glazers attempted to purchase a stake in the London Spirit, who were up for action. However, 49 per cent was bought by a Silicon Valley coalition for £145million.

The Glazers' failed attempt at investing in the Originals is a prime example of the impact their mis-management at United has had on the city of Manchester. Chief Business of Football Writer for MEN Sport, Dave Powell, has explained the Glazers' interest in The Hundred franchises and what their next move in Twenty20 Cricket could be.

"That the Glazers have an interest in taking a slice of the action when it came to The Hundred auction shouldn’t be too much of a surprise," Powell explained. “When the Indian Premier League was expanding back in 2021, Avram Glazer, through his Lancer Capital firm, bid on both the Ahmedabad and Lucknow franchises.

"Lancer were

Read more on manchestereveningnews.co.uk
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