Who will buy the debt-ridden Manchester United? Debt-ridden Manchester United. According to the latest published data, the loan amount is more than seven thousand crore rupees. Fans are angry with the current owner. They are waiting for the new ownership of the club.
Manchester United is one of the most prestigious clubs in the world. Old Trafford has been home to the best footballers in history for ages. Another name of the venue is Theater of Dreams. But now the crisis is on the stage of that dream. United have to carry the debt burden.
Basically, the top clubs in Europe have not recovered after the corona epidemic. There is also the effect of the Russia-Ukraine war. This is another time. There have been changes in the ownership of several clubs. Old people are panting to collect huge amount of money. Clubs like Manchester United are waiting for a new owner.
The income of Premier League heavyweights has decreased in various sectors. Broadcast revenue fell by 32.1 percent. Retail, merchandising, apparel and product licensing saw a decline of 3.1 percent. And 13.6 percent in match day revenue. Relegation from the Champions League to the Europa League has had a negative impact on the income of the Red Devils.
Supporters are furious at the actions of current owners the Glazer family. They have also protested in front of the club several times. It has been rumored for a long time: Britain’s richest man Sir Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad Al Thani will be the new owners of Manchester United. Although the US company Elliott Management is also in this race. It is believed that the Glazer family is asking for 6 billion pounds or 13 thousand crore rupees to sell the club.