English Premiership

Glazers: Man Utd not for sale!

2012-10-23 17:46
Manchester United (File)

London - Manchester United's American owners, the Glazer family, have no interest in selling the club and intend to stay put for "many, many years", vice-chairperson Ed Woodward said on Tuesday.

The Glazers have long been the target of protests from United fans for saddling the club with debt since their 2005 takeover, and in August they ceded 10 percent of their shares in an IPO sale on the New York Stock Exchange.

However, Woodward said that the six siblings in the family remained committed to the club on a long-term basis.

"There is always interest in this business," he said.

"It is a phenomenal brand and club, but they are not willing sellers at all. They won't even engage, they are long-term investors.

"It's a very popular business that people have interest in. The answer is: 'Not for sale'.

"I talk to them (the Glazers) every day and the excitement they have in this club is undiminished and I don't see them selling completely for many, many years."

Nonetheless, Woodward did admit that one of the Glazers could seek to sell some of their shares in the future.

"They could. They are a family of six siblings and from time to time, seven to 10 years, who knows if one wants to sell a small piece or not?" he said.

United are preparing to open an office on the United States' east coast in a bid to exploit the growing interest in football in the country.

Woodward also revealed that India and Australia are among the countries United are considering as destinations for next season's summer tour.

NEXT ON SPORT24X

 

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining
Live Video Streaming
Video Highlights
Sport Talk

Fixtures
13 September 2014
Arsenal v Manchester City, Emirates Stadium 13:45
Stoke City v Leicester City, Britannia Stadium 16:00
Crystal Palace v Burnley, Selhurst Park 16:00
Southampton v Newcastle United, St. Mary's Stadium 16:00
Sunderland v Tottenham Hotspur, Stadium of Light 16:00
Chelsea v Swansea City, Stamford Bridge 16:00
West Bromwich Albion v Everton, The Hawthorns 16:00
Liverpool v Aston Villa, Anfield 18:30
14 September 2014
Manchester United v Queens Park Rangers, Old Trafford 17:00
15 September 2014
Hull City v West Ham United, The KC Stadium 21:00
Logs
Team P W PTS
Previous Results

Date Home Team Result Away Team
Vote

Is Louis van Gaal the right man to restore the glory days at United?

 
 
Men
Women
Love 2 Meet
Featured Blog

Dave ask if you would like to meet your local sports heroes and stand the chance to win prizes to the value of over R40 000.

Latest blogs
 

Twitter Follow Sport24 on Twitter

Facebook "Like" Sport24's Facebook page

Newsletters Sign up for the Morning Glory, Super 15 and Soccer newsletters

WIN Enter and win with Sport24!

Mobile Sport24 on your mobile phone - WAP, alerts, downloads, services

Forum Have your Say on Sport24's brand new Forum!

BlackBerry Stay in the loop on your BlackBerry

iPhone Latest Sport24 news on your iPhone

RSS Feeds Sport news delivered really simply.

Blogs Yes your opinion counts. Get it out there

 
There are new stories on the homepage. Click here to see them.