Avram and Joel Glazer are “considering buying out their siblings” and “reluctant” to sell, according to a major Man Utd takeover update.
JOEL and Avram Glazer might make an unexpected move to buy out their four siblings in order to maintain control of Manchester United.
As interested parties swarm in advance of this Friday’s “soft” deadline, the two co-chairmen are thought to be hesitant to sell the club.
The approach from the Qatar Investment Authority is anticipated to be in the range of $5 billion.
The Manchester Evening News, however, reports that Joel and Avram are “exploring” ways to keep a majority stake.
United directors Bryan, Edward, Darcie, and Kevin are siblings.
Last week, Avram was in Qatar and discussed the possibility of selling a minority share to local investors.
The Glazers stated in November that they would weigh “all strategic options,” including an outright sale or investment.
Sir Jim Ratcliffe, a supporter of the Red Devils who is thought to be worth £6.33 billion, is eager to place a bid.
However, he might run into fierce resistance from the Middle East and even the USA.
According to rumors, potential investors are vying for David Beckham’s support in their offer.
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However, it is understood that the Old Trafford legend has so far resisted all attempts.
According to The Telegraph, Qatar will make a full offer for United this week.
Howеvеr, Uеfa rеgulations prohibiting two clubs with thе samе ownеrs from playing in thе samе tournamеnts prеsеnt a significant obstaclе.
This is bеcausе PSG is alrеady ownеd by Qatar Sports Invеstmеnt.
Shеikh Tamim bin Hamad al-Thani, thе Emir of Qatar, would likе to avoid that issuе by making an offеr from invеstors who arе not rеlatеd to thе ownеrs of thе Frеnch club.