Glazers will not sell Manchester United for 'many, many years'
Tuesday 23 October 2012
Manchester United's owners will not sell the club for “many, many years” despite ongoing interest, according to vice-chairman Ed Woodward.
The sell off of 10% of the Glazers' shares in the club in the IPO sale in August raised some questions over the American family's long-term involvement but Woodward said they had no interest in cashing in the rest of their holding.
Woodward admitted though that he could not rule out one of the six Glazer siblings selling their holding at some point in the future.
Woodward said: "There is always interest in this business. It is a phenomenal brand and club, but they are not willing sellers at all, they won't even engage, they are long-term investors.
"It's a very popular business that people have interest in. The answer is: 'not for sale'. I talk to them [the Glazers] every day and the excitement they have in this club is undiminished and I don't see them selling completely more many, many years."
Woodward did accept however that one of the Glazers could dispose of their shares at some point.
He added: "They could - they are a family of six siblings and from time to time, seven to 10 years, who knows if one wants to sell a small piece or not."
Woodward revealed that India and Australia are both on a shortlist of countries for United to tour in the summer.
The club are also to open an office on the east coast of the USA to try to cash in on growing interest in football in North America.
Latest in Sport
Manchester United transfer news: More signings expected, indicates Ed Woodward
Arsenal transfer news: Arsene Wenger says he will not be signing a striker this summer
CM Punk 'never ever ever' returning to WWE (so he probably will)
Manchester United transfer news: Completed summer deals
James Rodriguez joins Real Madrid: World Cup top scorer completes £63m move
- 1 Apple has installed security backdoors on 600m iPhones and iPads, claims security researcher
- 2 Fight Club 2: Chuck Palahniuk sequel is a 'meta-fictional comment on the cultural response to the original'
- 3 Malaysia Airlines MH17 crash: Pro-Russian rebel 'admits to shooting down plane'
- 4 Is Gideon Levy the most hated man in Israel or just the most heroic?
- 5 Students offered grants if they tweet pro-Israeli propaganda
Malaysia Airlines flight MH17 crash: 'Nine Britons, 23 Americans and 80 children' feared dead after Boeing passenger jet is 'shot down' near Ukraine-Russia border
Malaysia Airlines MH17 crash: Vladimir Putin is given 'one last chance' to end hostilities in Ukraine
The 'scroungers’ fight back: The welfare claimants battling to alter stereotypes
The truth about conspiracy theories is that some require considering
Malaysia Airlines MH17 crash: Ukrainian military jet was flying close to passenger plane before it was shot down, says Russian officer
Malaysia Airlines MH17 crash: victims’ bodies bundled in black bags and loaded onto trains