Popular English investor Michael Knighton is planning to take over Manchester United from the Glaziers. Kingston attempted to take over Man United in 1989 but was scuttled.
What occurred at Stamford bridge may soon occur at Old Trafford as a popular English business tycoon plans to challenge the Glazers and take over the club from the American investors.
The Glazers family, who has been at the helm of affairs at Manchester United since 2005, may finally relinquish their ownership of the Manchester club. Increased dissent and unpopularity of the Glazers among the fans have threatened the authority of the Glazers.
Before Manchester United’s 2022-2023 Premier League opener against Brighton, zealous Man United fans have staged a protest directed at the Glazers against the team’s poor performance of recent.
Manchester United has been riddled with crisis since Alex Ferguson retired from his coaching role at the club in 2013. Alex Ferguson’s retirement culminated in a spiral of failures, with subsequent coaches finding it hard to return the team to its glory days.
The Glazers family has increasingly grown unpopular among Man United fans as Manchester United continues to struggle in the Premier League. Before the 2022-2023 Premier League opener against Brighton, Man United fans have staged a protest against the Glazers for their handling of the club.
The problems of the American investors were further compounded when the Red Devils lost the opening match at home to Brighton. German attacking midfielder Pascal Gross netted twice in the first half to hand the Red Devils a debilitating 2-1 defeat in front of their home fans.
As Man United problems continue to brew, popular English football investor and Man United board member, Michael Knighton has plans to take over the Old Trafford club from the Glazers. As Knighton calls it, he intends to pursue a “hostile takeover” of the club from the Glazers to save Manchester United from the deepening crisis.
“My consortium is ready and waiting, the funds are pledged, the offer document is being drawn up, and it will be presented,” Knighton said.
Knighton has previously attempted to take over Manchester United with a £20m bid in 1989, but the bill failed, and the Englishman ended with a position in the Red Devils’ board room.
Pundits have opined that the Glazers may have nothing to lose if they honorably take a bow and sell out the club as their credibility with United fans continues to deteriorate. Manchester United is estimated to be worth a whopping £4billion.
The Glazers purchased the club for £790m in 2005. Also, unlike top club owners such as Chelsea and PSG, Manchester United generates most of its income without being bankrolled by the Glazers. It may be the time for the Glazers to bow out and allow new dispensation at Old Trafford with an owner ready to finance and restructure the club.