THE Glazer family are in line to make a huge profit when they sell Manchester United.
Bids have been lodged by Qatari Sheikh Jassim Bin Hamad Al Thani and boyhood United fan Sir Jim Ratcliffe.
The Qatari bid is worth £5bn, far more than the Glazers paid for the Red Devils.
After purchasing the club in a leveraged buy-out, the Glazer family only put in £150million of their own money in 17 years at the helm, as per Sky Sports - while taking money in dividends.
They now stand to make at least between £4bn-£5bn.
And they are even hoping to receive an offer worth £6bn.
This would see them receive a sum worth around 40 times what they spent on the club.
The money they receive will also be TAX FREE.
This is because they moved the official club HQ from Old Trafford to the Cayman Islands.
Ratcliffe, 70, has revealed his initial aim if named the successful bidder.
Having received Wall Street backing, a source close to the INEOS chief told the Telegraph: "His aim is to be a long-term custodian of Manchester United and set the standard for a progressive approach to club ownership.
"As locally born, he wants to put the Manchester back into Manchester United."
Sheikh Jassim, meanwhile, is the son of former Qatari Prime Minister Hamad.
He has vowed to make the club debt free, while restoring them to "former glories".
The Raine Group, the bank overseeing the sale, will determine the next step, following last night's soft deadline.
This will involve putting together a shortlist of bidders, much like the one that was compiled during the process that saw Todd Boehly buy Chelsea last year.
SheldonCooper
0
Stop being so segregative
In stadiums, even home & away fans are separated. It's fact of living on earth.
SheldonCooper
0
Don't be jealous of the Arabs. They just earns their own money with what is only available in their land. The arabs doesn't act like the Americans.
Jealous? Lol [Crylaugh] With all their wealth, 5bn will save lives of hungry moslems in Yemen, Sudan. Yet they now giving Glazers 4bn profits & more money to suppress Palestines.
Lisiknopsz
0
Well. They're Jews. Of course they're good at making money! & the Arabs... [Crylaugh]
Stop being so segregative
tutailmnoy
0
Well. They're Jews. Of course they're good at making money! & the Arabs... [Crylaugh]
Don't be jealous of the Arabs. They just earns their own money with what is only available in their land. The arabs doesn't act like the Americans.
meziegoody
2
Manchester United doesn't need this sir Redcliffe or whatever he is almost 70 years of age or even passed it and in the next 10 years to 15 years he might die and then our club will start suffering no we don't want that we want the Qatari owners the oil money from Qatar it is either them or we ain't selling
Rhazorlee
1
We don’t need any local custodian that’ll choose to put his money in his pocket that spending it on the team 🤣💯❤️
Futdkmnru
0
this American are crooks moved headquarters to where? they deserve the go
Wapmnort
0
Glazers, with your shrewed american mind, take your profits then go and die in your own farmyard.
SheldonCooper
0
Well. They're Jews. Of course they're good at making money! & the Arabs... [Crylaugh]
Vezonic22
0
Don't need to know anything about these gluttons other than they selling ManUtd and leaving for good...