Manchester United's share price has risen by more than 17 per cent over the last five days as investors are beginning to show confidence the takeover saga is coming to an end, an investment expert has claimed.
'Not short-changed any manager' - Graeme Souness defends Glazers amid Man United takeover frustration
20.07.2023 - 17:33 / manchestereveningnews.co.uk
Graeme Souness has defended the Glazer family's Manchester United ownership as uncertainty regarding a takeover rumbles on.
It has been eight months since the American family announced that they would 'explore strategic alternatives' for investment in the club, paving the way for a buyout. But a slow process and lack of communication has only intensified frustration towards an ownership group that has always been unpopular.
The Glazers bought United for nearly £800million in 2005 via a leveraged buyout that loaded debt onto the club. They have since taken regular dividend payments while failing to invest in Old Trafford and the wider infrastructure of the club.
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However during their 18-year reign, United have won 14 major honours - a total beaten only by Manchester City and Chelsea in that time - including five Premier League titles and the Champions League. And Souness believes the on-pitch success outweighs the negatives.
"The thing [Manchester United] is worth six billion now," Souness told BBC Radio Manchester. "It's all right people saying they've got all this debt, but the asset's grown enormously.
"They're talking about six billion for Manchester United. 'Oh the training ground is not up to scratch, oh the stadium's got a leaky roof' - the thing people want most as a football supporter is a winning team.
"They have not short-changed any manager that's been at United in their time. They have not not given them money."
Despite the uncertainty surrounding their future as custodians of the club, the Glazer
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