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The Markets
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Proactive UK has moved.
Coverage of London’s small caps continues on proactiveinvestors.com
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The Markets
by Proactive
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The Markets
by Proactive
Proactive UK has moved.
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Leisure, gaming and gambling

Glazers open to selling stake in Manchester United

Shares in the struggling Premier League club jumped on reports billionaire Jim Ratcliffe is taking aim

Manchester United’s owners are willing to sell a stake in the club, according to reports, with billionaire businessman Sir Jim Ratcliffe ready to strike.

The US-based Glazers family, who first bought a stake in the club in 2003, are considering a minority sale, according to a Bloomberg report.

News of a potential sale sent shares, which are listed on the New York Stock Exchange, up over 6%.

Ratcliffe, whose company Ineos made a last-ditch attempt to buy Chelsea Football Club before Todd Boehly's consortium completed a £4.25bn deal in May, is keen to buy a stake.

A spokesperson for the petrochemicals company told media that Ratcliffe is “interested if the club is for sale”.

On reports that the Glazers are willing to sell a minority stake, the Ineos spokesman told the Times: “If something like this was possible, we would be interested in talking with a view to long-term ownership.”

Yesterday, Elon Musk jokingly tweeted he was buying the club before retracting the comment in a subsequent tweet, which trigerred a new round of rumours and reports around the club.

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