{"id":296242,"date":"2023-11-25T23:25:59","date_gmt":"2023-11-25T23:25:59","guid":{"rendered":"https:\/\/sportstoft.com\/?p=296242"},"modified":"2023-11-25T23:25:59","modified_gmt":"2023-11-25T23:25:59","slug":"glazers-spending-250000-a-week-on-lawyers-as-they-try-to-sell-shares","status":"publish","type":"post","link":"https:\/\/sportstoft.com\/soccer\/glazers-spending-250000-a-week-on-lawyers-as-they-try-to-sell-shares\/","title":{"rendered":"Glazers spending \u00a3250,000 A WEEK on lawyers as they try to sell shares"},"content":{"rendered":"<h1>The Glazers are spending \u00a3250,000 A WEEK on lawyers in bid to sell 25% share in Man United to Sir Jim Ratcliffe &#8211; that&#8217;s more than they pay club captain Bruno Fernandes!<\/h1>\n<ul>\n<li><span>Glazer family are spending \u00a3250,000 a week on legal fees to sell to Jim Ratcliffe\u00a0<\/span><\/li>\n<li><span>It&#8217;s a higher total than the club pay club captain Bruno Fernandes in wages\u00a0<\/span><\/li>\n<li><strong>Nobody&#8217;s fooled by the nature of Man United&#8217;s performances this season \u2013 IAKO\u00a0<\/strong><\/li>\n<\/ul>\n<p>The Glazer family is spending \u00a3250,000 a week in legal and consultancy fees in a bid to sell a share of Manchester United to Sir Jim Ratcliffe\u00a0&#8211;\u00a0more than they pay club captain\u00a0Bruno Fernandes.<\/p>\n<p>The convoluted sales process, which passed the one-year point this week, is costing the club the equivalent of \u00a31million a month.<\/p>\n<p>Club accounts reveal that during the first seven months of the sale process, between November 2022 and June this year, United paid \u00a37m in legal and associated fees.<\/p>\n<p>United&#8217;s owners hired US-based financial advisors Raine Group 12 months ago to broker a deal.\u00a0Sales advisors have since then earned more than many first-team players.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/20\/78061563-12791039-The_Glazers_put_the_club_up_for_sale_in_November_last_year_but_t-a-79_1700945074852.jpg\" height=\"442\" width=\"634\"><\/p>\n<p>The Glazers are paying \u00a3250,000 a week in legal fees in a bid to sell a share to Jim Ratcliffe\u00a0<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/21\/78105965-12791039-Ratcliffe_is_waiting_to_confirm_his_minority_stake_worth_1_3bill-a-18_1700948382977.jpg\" height=\"413\" width=\"634\"><\/p>\n<p>The deal to see Sir Jim Ratcliffe acquire a 25 per cent stake in it&#8217;s final stages of completion\u00a0<\/p>\n<p>Your browser does not support iframes.<\/p>\n<p>Fernandes earns \u00a3240,000 a week, while Mason Mount, who joined from Chelsea for \u00a355m in the summer, is paid a similar amount.\u00a0<\/p>\n<p>England internationals Harry Maguire and Luke Shaw earn considerably less than the club&#8217;s sales consultants have commanded over the last year.<\/p>\n<p>A \u00a31.3bn deal for Sir Jim Ratcliffe to acquire an initial 25 per cent stake is close to completion.<\/p>\n<p>Ratcliffe&#8217;s imminent arrival leaves United&#8217;s legendary former manager Sir Alex Ferguson\u00a0feeling &#8216;optimistic&#8217;.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/1s\/2023\/11\/25\/21\/78234847-12791039-image-a-19_1700948436976.jpg\" height=\"423\" width=\"634\"><\/p>\n<p>Glazers are spending more than they pay star man and captain Bruno Fernandes each week<\/p>\n<p>Once his investment has been confirmed,\u00a0Ratcliffe will assume control of football operations and will look to stamp his authority on the club, making a raft of changes and will seek the advice of United&#8217;s legendary manager Ferguson.<\/p>\n<p>Ahead of Ratcliffe&#8217;s imminent arrival, Ferguson was asked for his thoughts on the billionaire and his feeling on the takeover.<\/p>\n<p>In an interview courtesy of Gambling Zone, Ferguson said: &#8216;I am still a director of the club and I know Jim [Ratcliffe] well.\u00a0<\/p>\n<p>&#8216;We shall have to see what he does but I am optimistic.&#8217;<\/p>\n<p>Earlier this week, it was reported that\u00a0Ratcliffe will ask Ferguson, 81, for advice and guidance as he plots an extensive overhaul of the football side.<\/p>\n<h3>IT&#8217;S ALL KICKING OFF!\u00a0<\/h3>\n<p><span><span>It&#8217;s All Kicking Off is an exciting new podcast from Mail Sport that promises a different take on Premier League football.<\/span><\/span><\/p>\n<p><span><span>It is available on MailOnline, Mail+, YouTube, Apple Music and Spotify.<\/span><\/span><\/p>\n<p>Your browser does not support iframes.<\/p>\n<p><img loading=\"lazy\" decoding=\"async\" class=\"aligncenter\" src=\"https:\/\/i.dailymail.co.uk\/i\/pix\/2017\/08\/02\/636x90_facebook_ad_sport.png\" width=\"636\" height=\"90\"><br \/>\nSource: <a href=\"https:\/\/www.dailymail.co.uk\/sport\/football\/article-12791039\/Glazers-spending-Man-United-week-lawyers-Ratcliffe.html\" target=\"_blank\" rel=\"noopener\">Read Full Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"mh-excerpt\"><p>The Glazers are spending \u00a3250,000 A WEEK on lawyers in bid to sell 25% share in Man United to Sir Jim Ratcliffe &#8211; that&#8217;s more <a class=\"mh-excerpt-more\" href=\"https:\/\/sportstoft.com\/soccer\/glazers-spending-250000-a-week-on-lawyers-as-they-try-to-sell-shares\/\" title=\"Glazers spending \u00a3250,000 A WEEK on lawyers as they try to sell shares\">[&#8230;]<\/a><\/p>\n<\/div>","protected":false},"author":2,"featured_media":296241,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v21.8 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ 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