Alex Ferguson Chelsea Football Manchester Usa city Tampa, county Bay county Bay Sporting Alex Ferguson Chelsea Football Manchester Usa city Tampa, county Bay county Bay

Who are the Glazers and why Manchester United fans don't want them?

Reading now: 715
channelnewsasia.com

Manchester United's U.S. owners, the Glazer family, have said they are looking at options for the most decorated Premier League club, including a potential sale.

Who are the Glazers and why have they been unpopular with the club's supporters?THE GLAZER FAMILY BUSINESSMalcolm Glazer, who founded the family business, run since his death in 2014 by his children, had invested in real estate and other businesses since the 1970s.In the 1980s he founded First Allied Corporation, which has served as a holding company for the family's business, including dozens of shopping malls across the United States.In 1995, Glazer bought National Football League side Tampa Bay Buccaneers for a then-NFL record of $192 million.

In 2005 he had completed a debt-driven takeover of the Old Trafford club, which is now owned by his six children - Avram, Joel, Kevin, Bryan, Darcie and Edward.Forbes estimates the family's worth at $4.7 billion.HOW MUCH DID THE GLAZERS PAY AND WHAT IS THE CLUB WORTH NOW?The Glazers bought United for 790 million pounds ($942 million) in 2005 in a highly leveraged deal which has been criticised for loading debt onto the club.They sold 10 per cent of their holding via the 2012 U.S.

listing and have sold more shares since but the Glazers retain majority ownership. Manchester United's valuation as a public company peaked at $4.3 billion in 2018.

Read more on channelnewsasia.com
The website players.bio is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

DMCA