Manchester United co-owner Avram Glazer has delivered a resolute “No” when asked if he would consider selling the club, despite the Red Devils’ ongoing struggles on and off the pitch.
Financial Woes
The club’s latest quarterly financial results revealed a staggering £14.5m payout for the dismissals of former head coach Erik ten Hag, ex-sporting director Dan Ashworth, and other staff members.
This, combined with a £27.7m loss and a 12% drop in revenue to £198.7m, paints a bleak picture of the club’s financial health.
Debt and Cost-Cutting Measures
Manchester United’s debt remains over £1bn, despite Sir Jim Ratcliffe’s efforts to implement cost-cutting measures since acquiring a minority stake.
READ ALSO:Real Madrid vs Manchester City 3-1 Highlights | Champions League
The INEOS chief has overseen significant changes to the club’s football department, but his measures have also resulted in the loss of hundreds of jobs.
Glazer Family’s Commitment
Avram Glazer’s emphatic response to the possibility of selling the club suggests that the Glazer family remains committed to their ownership.
However, the ongoing financial struggles and poor on-field performances may continue to test their resolve.
What’s Next for Manchester United?
As the Red Devils prepare to face Everton at Goodison Park, the pressure is mounting on head coach Ruben Amorim to deliver a turnaround in fortunes.
With the club languishing in 15th place in the Premier League table, significant improvements are needed to salvage the season.
