Glazers stand to make massive profit on Man Utd sale

The Glazer family will 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, says 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.

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