Manchester United welcome Manchester City to Old Trafford later this afternoon and supporters have called for Mason Mount's return to the starting line-up.
Manchester United financial delay hints at possible Glazers takeover theory
09.10.2023 - 17:59 / manchestereveningnews.co.uk
Manchester United are yet to publish their financial accounts for the year ending June 2023 in a move possibly linked to the ongoing takeover saga.
It is now 11 months since the Glazer family announced they would welcome bids for the club, claiming to be 'exploring strategic alternatives' after almost two decades at the helm. United fans have been unanimously against the American billionaires owning the club due to the controversy regarding their leveraged buyout, since they arrived at Old Trafford in 2005.
The takeover instantly saddled the club with just shy of £600million worth of debt - flaming unprecedented tension towards the board. While results on the pitch changed little due to Sir Alex Ferguson’s ingenuity, a drastic downturn in fortunes since his retirement has heightened fan discontent.
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Supporters - and potential buyers - have grown frustrated with the Glazers for appearing to move the goalposts. An initial £6billion asking price has reportedly increased to £10billion, despite the club being valued at about three times less than that by the New York Stock Exchange.
Sheikh Jassim and British billionaire Sir Jim Ratcliffe remain the two frontrunners to buy United but neither appear close to a breakthrough. Fresh claims have emerged suggesting financial reports being delayed until later this month could be linked to the proposed takeover.
In nine out of the previous 10 years, the Glazers have published United’s financial accounts in September, with 2020 impacted by Covid-19 the only exception. But they have yet to arrive yet this year, with there no obligation to publish them until the mandatory cut off
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