Glazer family: Manchester United’s share prices have steadily fallen since 2018. With nearly a 23% fall witnessed this season, the biggest drop in history. In this situation, financial experts have said that the Glazer family might consider selling the club if the trend continues.
“Manchester United’s share price has fallen considerably throughout the season, plummeting 23% in total – wiping $720million (£572m) in value off their market cap,” Saxo Markets sales trader Mike Owens said.
However, the club was quick to defend their owners. With Manchester United chairman Avram Glazer stating: “It’s a disappointing season for everyone and we’re going to work hard to make next season a better season.”
“We’ve always spent the money necessary to buy new players.”
“That’s (to revive the club)why we hired him(Ten Hag), we know he’ll do a great job,” he replied.
Glazer family set to buy Indian Super League club, East Bengal
With this kind of a situation in Manchester, we now hear that Glazers are looking to buy ISL club East Bengal. BCCi president Sourav Ganguly who is looking to facilitate a new ownership for the struggling East Bengal club stated: “Though I can’t say much without something concrete, but apart from other investors I am in talks with Manchester United and maybe something concrete can be derived within the next 10 to 12 days.
“No-no [it is coming] as an owner. It takes some time. First, let it reach a stage, and then we will comment. I will speak only after a concrete development.”