Date: 17th August 2011 at 4:33pm
Written by:

Are there long term plans afoot for the Glazer family to relinquish control of Manchester United?

The reason I ask is that lurking in the pages of many a newspaper today is the inference that the Glazer family are seeking to float 25% of the club on the Singapore Stock Exchange.

Many view this move as providing two options for United.

The first would see our profile raised even higher in the Far East whilst the second would, if the theorists are correct, provide the Glazers with a long term exit strategy plan.

Currently, financial speculation values Manchester United at a cool £1.2 billion although those same calculations suggest our debt is a cool £500 million.

Talking about this share flotation, one analyst commenting in the media had this to say about the Glazers probable intentions,

“The Glazers will deny this is the first step in selling up, but the sale of shares is without doubt a partial exit. It`s the start of a process to sell but that process could end up being over a number of years, rather than any time soon.”

Interesting times, interesting times!

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