ENGLAND – Manchester United’s Executive Vice-Chairman, Ed Woodward, has insisted the club isn’t for sale.
The Glazer family first bought a stake in the Red Devils in 2003, before completely taking over the club in 2005.
There have been recent speculation, that Saudi Arabia’s crown prince, Mohammed bin Salman, could be interested in buying United. But, Woodward stressed the Glazers remain committed to the club.
“Based on what I see, they’re in it for the long term.
“With regards to offers or asking prices, my understanding is that there have been no discussions for a price for the club or anything like that. Every conversation we have is based on the long-term.
“The debt is a long-term, structured and similar to some other football clubs. It’s a fixed amount for a fixed period of time, which results in it being fairly cheap to service. It’s just under two per cent of our annual revenue each year, so it doesn’t really have any impact on us.
“If you look at the way the approach changed under the Glazers for commercial activity, that has brought in an extra £2.5-£3 billion. We have spent a lot of money on players.
“We are financially strong. We are self-sustaining. We don’t have an umbilical cord that we are concerned about. There’s negativity about us doing sponsorship deals but they allow us to do things in the transfer market which other clubs struggle to do.
“We absolutely feel we are on the right track to getting back to winning trophies,” Woodward told the United We Stand fanzine of the Glazers.