01:32  ,  November 24, 2022

The Glazers expect £5bn from Man United sale

The Glazer family, the owner of Manchester United FC, expects at least £5 billion from the sale of this football club.

English billionaire Jim Ratcliffe, who has been trying to acquire an English Premier League club for many years, is considered the main contender, The Telegraph reports.

Ratcliffe had bought French Ligue 1 club OGC Nice for €100 million in 2019.

After the official announcement of the intention to sell Man United, the club's share price increased by 17 percent, increasing the market capitalization by $400 million dollars.

The Glazers had acquired Manchester United in 2005 for $800 million.

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