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Man Utd Owners May Sell Up Faster Because Of Coronavirus Crisis

Amuda Segun

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Manchester United owners, The Glazers, might be forced to sell the club faster than expected as a result of the economic downturn witnessed in the past days as a result of the Coronavirus pandemic affecting a lot of countries negatively.

This is despite the assurance from Manchester United chief executive Ed Woodward that The Glazers are in it for the long haul.

Manchester United owners have seen the market value of the club fall by $1bn in the past weeks as a result of Coronavirus.

The Red Devils had a market value of over $3bn as at the end of last year but that has dropped to the $2bn mark.

The share price for Manchester United was over $20 but the Coronavirus pandemic has seen it drop to just $12 as pointed out by the Daily Express.

Recent reports had said that Manchester United could be up for sale especially with a Saudi Arabian consortium said to be keen on the Premier League outfit.

The Saudi Arabian consortium is led by Mohammed Salman Al Saud.

Despite the fall in market value, Manchester United are expected to spend the biggest summer transfer fee on players this year since 2014 when they paid a British record fee to sign Angel Di Maria from Real Madrid.

Manchester United were keen to spend that money six years ago after the disastrous season under David Moyes.

Apart from Angel Di Maria, Manchester United also signed Daley Blind, Marcos Rojo, Luke Shaw and Radamel Falcao.

Manchester United are hoping to make an assault on the Premier League title which they have not won since Sir Alex Ferguson retired in 2013. The Red Devils are expected to sign at least four players in the summer as they back manager and former player Ole Gunnar Solskjaer to challenge the likes of Liverpool and Manchester City for the league crown.

I am Segun Amuda , Journalist at Thewistle.com. You can also find my articles here on topics related to Football. Outside Blogging, I have a keen interest in watching English Premier League Games. For any queries or issues related to articles on our website, kindly get in touch.