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Daily Ticker: Glazers Reject Latest Bid, Benitez’s Outlook Improves, More

Malcolm-Glazer

Glazers reject £1.5 billion bid

The Guardian is reporting The Glazer family, maligned owners of Manchester United, has adamantly rejected a £1.5 billion bid from “a secretive Middle East consortium” as the American owners remain in in their claim that the club is not for sale.

The offer was made towards the end of 2009 and the bidding party, who’s identity was not released, was told not to make a second offer. The offer is substantially more than the £1.19 billion Forbes.com valued the club at last month.

If the offer turns out to be legitimate, it deals a serious blow to the Red Knights, the highly publicized group of wealthy supporters who have led a loud protest against their American owners. The Red Knights, led by former Manchester United director Jim O’Neill, had been expected to make an £800 million bid for control of club but are now forced to at least double their bid amount, and even that might not be enough to sway the Glazers.

United skipper Sir Alex Ferguson is reported to have an extremely positive relationship with the Glazers, who have brought three straight EPL titles and a Champions League  to Manchester since 2007. Also, due to the ferocity of the attacks leveled against them, the Glazers are a lot more likely to sell to a foreign investor than the green-and-gold scarf wearing supporters if the prices are similar.

Benitez Holds “Constructive” Talks With Liverpool

A week ago, it was widely assumed that Rafa Benitez would leave Liverpool for Juventus over the summer and Liverpool was already looking for its next manager. But recent talks between Liverpool chairman Martin Broughton and Benitez were described as “positive” and the pair are creating a summer transfer budget. This, coupled with Juvetus’ reported interest in other coaches, means the Spaniard could stay at Anfield, a move many supporters oppose.

It was also reported this morning that Liverpool faces a bleak financial future and are having trouble paying interest to their creditors. “The city is aware that Liverpool will be posting a £35 million operating profit to July 31, but from what I can see the club will be running out of cash by the end of the year,” said financial expert David Bick. The club posted losses of £54.9 million this season which means that without the money coming in from the Champions League next year the Reds will be forced to sell some of their top players.

Obama Causes Concern For South African Police

The World Cup is used to having heads of state attend the tournament to cheer on their home countries team. Over 43 heads of state have already confirmed their attendance but the most prolific, President Barack Obama,  has yet to confirm. This is causing a great deal of concern for South African police chief General Bheki Cele. “One challenge is the American president who is coming, not coming, coming, not coming,” Cele told Parliament’s portfolio committee. “It is 50-50. Our famous prayer is that the Americans don’t make the Second Round.”  According to Cele, the challenge of handling the American President would be more than the other 43 heads of state combined.

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4 Comments

4 Comments

  1. Eious

    May 7, 2010 at 9:11 pm

    I want to see whether this bid was legitimate

    It screams of a fake-internet story OR one planted by someone who hates the Glazers and wants them to look bad

  2. jezz09

    May 7, 2010 at 1:48 pm

    Don’t trust the red knights, we will be worse off with them

  3. CTBlues

    May 7, 2010 at 11:46 am

    I have been reading the comments on ESPNsoccernet about the Obama thing and its pretty funny.

    Also in the article the SA national commissioner General Bheki Cele was quoted saying “Our famous prayer is that the Americans don’t make the Second Round”.

  4. Phil

    May 7, 2010 at 11:34 am

    Red KNights+scam to lower value of club in order to buy cheaply.

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