Manchester United: How ‘scavenger’ Glazers bought club – and left Old Trafford ‘rusting’ and in a ‘mess’

Published

3 years ago

November 23, 2022

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It’s nearly 20 years since the American tycoon Malcolm Glazer bought his first stake in Manchester United – now his family’s controversial tenure at the club could finally be coming to an end.

Chants of “Love United, hate Glazers” are regularly heard at Old Trafford and news that the owners are exploring a sale will delight many United supporters.

Here, Sky News tells the story of the Glazers’ ownership of the Premier League club and explains why the family have been so unpopular with fans – even attracting criticism from one of their own star players, Cristiano Ronaldo, who left the club with immediate effect earlier today.

Glazers buy Man Utd – and saddle club with debt

Malcolm Glazer owned the Tampa Bay Buccaneers, an American football team that were then the Super Bowl champions, when he began his investment in United in March 2003.

At the time, United had dominated the Premier League and were one of the most successful clubs in the world, winning an array of silverware under Sir Alex Ferguson.

Glazer took full control of United in June 2005, but the deal was hugely unpopular with fans because it was financed primarily through loans secured against the club’s assets.

Within a year of the leveraged buyout, Glazer had two strokes and his six children – Avram, Joel, Bryan, Kevin, Darcie and Edward – ran United, all of them sitting on the board of directors.

The Glazers’ £790m takeover loaded United with debt that is now around £500m. The club were debt-free before the takeover.

Fans have been enraged by the more than £1bn it has cost the Glazers to service the debt, while cashing in themselves by receiving dividends from the club.

Fan protests and FC United formed

The Glazer family’s first visit to Old Trafford ended in ugly and violent scenes in June 2005 as police clashed with supporters who had effectively barricaded United’s new owners inside the stadium.

Joel, Avram and Bryan Glazer reportedly had to be smuggled down the players’ tunnel and out of the ground in two police tactical aid vans for their own safety.

The Glazers’ controversial takeover prompted a group of disaffected Man United supporters to form a new football club.

FC United began their first season in 2005-06 and now compete in the Northern Premier League Premier Division, the seventh tier of the English football league system.

Success on the pitch

Under the continued management of Sir Alex, United initially remained successful under the Glazers’ ownership, winning five Premier League titles in seven seasons between 2007 and 2013.

With star players Ronaldo and Wayne Rooney, United enjoyed a prolific three-year spell from 2007 to 2009, winning three Premier League titles, a Champions League trophy and the League Cup.

But fans’ anger at the Glazers remained.

Green and gold scarf campaign

In 2010, United fans began donning yellow and green scarves to protest against the Glazers’ ownership.

United are known for their famous red shirts, but the club was originally founded, in 1878, under the name Newton Heath Lancashire and Yorkshire Railway Football Club, which played in a bold yellow and green strip.

At the height of the protests, former United player David Beckham put on a green and gold scarf that was thrown on to the pitch during his return to Old Trafford with AC Milan in 2010.

That night, Joel and Avram Glazer were inside the stadium but Beckham later distanced himself from the protest, saying the ownership of United was “not my business”.

Red Knights takeover bid

A group of wealthy supporters were expected to make a bid of about £1bn for United in 2010, despite United insisting the Glazer family owners would “not entertain any offers”.

The Red Knights group, which included former Football League chairman Keith Harris and Goldman Sachs chief economist Jim O’Neil, said that one of its priorities was to reduce debt levels at the club.

The proposed bid was put on hold after the group said media speculation of “inflated valuation aspirations” had hampered its plans.

Post-Ferguson problems

Since Sir Alex called time on his illustrious managerial career nearly 10 years ago, United’s form has gone downhill.

Despite appointing high-profile managers such as Jose Mourinho and Louis van Gaal, the club has failed to win the Premier League since 2013 – while spending more than £1bn on players in that time.

United have also not won a trophy since their Europa League triumph in 2017.

To make matters worse, arch rivals Manchester City and Liverpool have enjoyed huge success as they regularly compete for Premier League and Champions League titles.

Malcolm Glazer death

Malcolm Glazer died in 2014 at the age of 85, having never visited Old Trafford during his ownership of the club.

Although he was a controversial figure in Manchester, tributes poured in from the US, where the businessman was hugely respected for turning Tampa Bay from a laughing stock into a Super Bowl-winning franchise.

After Glazer’s death, NFL commissioner Roger Goodell said: “Malcolm Glazer was the guiding force behind the building of a Super Bowl-champion organisation.

European Super League anger

The Glazers attracted more fury from United fans after taking a leading role in attempts to form a European Super League last year.

United, along with Liverpool, Manchester City, Arsenal, Chelsea and Tottenham, caused outrage with their plans to join the breakaway competition, in which the founding members would be exempt from relegation.

The six English clubs had planned to set up the league with Spanish sides Atletico Madrid, Barcelona and Real Madrid and Italy’s AC Milan, Inter Milan and Juventus, in a group that some nicknamed the “dirty dozen”.

The proposal led to protests from football fans across England, with several hundred storming the Old Trafford pitch before United were due to play Liverpool, meaning the game had to be postponed.

After the clubs backed down Joel Glazer, who had been announced as a vice-chairman of the European Super League, “apologised unreservedly” to fans, saying: “We got it wrong.”

His brother Avram refused to apologise after Sky News confronted him in Florida.

After the scandal, United’s executive vice-chairman Ed Woodward announced he would be leaving the club, having been an unpopular figure with fans after a series of expensive signings with precious little success.

Neville brands Glazers ‘scavengers’

Former Man United captain Gary Neville – who was a player at the club in 2005 when the Glazers took over – has been a vocal critic of the owners in recent months.

After the European Super League fiasco, Neville branded the Glazers “scavengers” who “need booting out of this football club and booting out of this country”.

“We have got to come together,” he told Sky Sports.

“It might be too late, there’ll be people at Manchester United, fans 15 years ago who will say it’s too late.

“It’s never too late, we have got to stop this. It is absolutely critical we do.”

Neville has claimed Old Trafford is “rusting”, with £1bn needed to rebuild the stadium, and the club is in a “mess”.

“When a business is failing and it’s not performing, it is the owners of that business [who are to blame],” Neville said after United were beaten 4-0 by Brentford this season.

“It is really simple. It is failing miserably.

“They took about £24m out of the club two months ago and they have now got a decrepit, rotting stadium, which is second-rate when it used to be the best in the world 15-20 years ago.

“You have got a football project where they haven’t got a clue.”

Neville said there has been a “toxic culture and atmosphere created at the club over a 10-year period” after the departures of Sir Alex and former United chief executive David Gill.

“It is a mess and it cannot carry on,” he added.

Ronaldo criticism

The latest high-profile criticism of the Glazers came from one of Manchester United’s very own star players.

Ronaldo launched a blistering attack on the club’s owners during an interview with Talk TV host Piers Morgan.

The Portugal star, who returned to United last year after 12 years away, claimed the Glazers “don’t care about the club” and said it was a “marketing club”.

“They will get money from the marketing – the sport, it’s, they don’t really care, in my opinion,” he said.

Ronaldo also claimed United had not progressed as a club since the departure of Sir Alex in 2013.

“Nothing changed. Surprisingly,” he said.

“Not only the pool, the jacuzzi, even the gym… Even some points, the technology, the kitchen, the chefs, which is, I appreciate, lovely persons.

“They stopped in a time, which surprised me a lot. I thought I will see different things… different, as I mentioned before, technology, infrastructure.

“But, unfortunately, we see many things that I used to see when I was 20, 21, 23. So, it surprised me a lot.”

Since the interview last week, the club’s lawyers had reportedly been looking at ways to bring Ronaldo’s time at the club to an end and on Tuesday it was announced that he was leaving “by mutual agreement, with immediate effect”.

Talk of sale and interest from Britain’s richest man

Bloomberg reported in August that the Glazer family were considering selling a minority stake in United and preliminary discussions had been held about bringing in a new investor.

It also emerged that one of Britain’s richest men, Sir Jim Ratcliffe, a boyhood United fan and a proven investor in sport through his Ineos company, had expressed an interest in buying the club.

In October, he revealed he had met the Glazer family and was told they were not interested in selling Manchester United.

“I met Joel and Avram, and they are the nicest people,” Sir Jim said.

“They are proper gentlemen, and they don’t want to sell it. It is owned by the six children of the father and they don’t want to sell.”

Business

Trump’s upbeat opinion of his meeting with Xi brushes over thornier issues

Published

11 hours ago

October 30, 2025

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Trump's upbeat opinion of his meeting with Xi brushes over thornier issues

For all the brinkmanship, for all the high stakes and attempts to wield maximum leverage, in the end, there was clear recognition from both the US and China that a degree of stabilisation was necessary.

The fact that some progress has been made on a relatively wide range of issues speaks to that.

But there are real questions about how deep that progress runs and how easily, in the hands of two leaders who staked both their reputations on being strong and unyielding, it could all come crashing down.

Follow the latest: Trump teases ‘large-scale’ energy deal

From the very outset, the differences in style could not have been more stark.

As the two posed for the introductory handshake, Donald Trump moved quickly to dominate the space – leaning in, doing all the talking, even quipping to the gathered reporters that Xi Jinping is “a very strong negotiator, and that isn’t good”.

That didn’t raise as much as an eyebrow from the Chinese leader.

Xi doesn’t like or respond well to unscripted moments; Trump, on the other hand, lives for them.

It might seem like a relatively inconsequential detail, but it speaks to how difficult it has been for two such opposing systems to see eye to eye, and how many stumbling blocks remained.

But it seems today, at least some of that was overcome.

Indeed, there appears to have been an agreement on key issues such as the movement of rare earth minerals, the purchase of soybeans, the reduction of tariffs and the crackdown on the trade of fentanyl and the chemicals used to make it.

There was further consensus to keep talking about the sale of high-end US chips and to work together to try to end the war in Ukraine.

None of this is insignificant, but Trump’s assessment of it all as a “12 out of 10” likely brushes over many much thornier issues.

The reality is that there is still a great gulf between them; there are many more barriers to trade than there were at the start of the year, there are still a raft of deep political and structural issues that divide them and the levels of distrust the trade war has left will take more than just one meeting to fix.

Disagreements, such as the future status of Taiwan, for example, weren’t even mentioned today.

There also doesn’t appear to be any guarantees baked in, and thus, there is nothing to prevent either party from reneging on what has been agreed and ramping pressure back up as soon as another issue arises.

And, given the characters involved, that feels all too likely.

Indeed, both sides, for different reasons, have found political advantage in the “maximum pressure” style brinkmanship we’ve seen in recent months.

Xi in particular cannot now be seen to cave in to Trump’s pressure and, economically at least, China doesn’t need to.

There was an agreement today that the two would meet again in the early part of next year; Trump plans to visit China in April.

This at least offers more diplomatic opportunity, but it would perhaps be naive to assume it will all be plain sailing until then.

Business

Donald Trump says tariffs will be cut after ‘amazing’ meeting with Xi Jinping

Published

22 hours ago

October 30, 2025

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Donald Trump says tariffs will be cut after 'amazing' meeting with Xi Jinping

Donald Trump has described crucial trade talks with Chinese President Xi Jinping as “amazing” – and says he will visit Beijing in April.

The leaders of the world’s two biggest economies met in South Korea as they tried to defuse growing tensions – with both countries imposing aggressive tariffs on exports since the president’s second term began.

Catch up on Trump-Xi meeting

Aboard Air Force One, Mr Trump confirmed tariffs on Chinese goods exported to the US will be reduced, which could prove much-needed relief to consumers.

It was also agreed that Beijing will work “hard” to stop fentanyl flowing into the US.

Semiconductor chips were another issue raised during their 100-minute meeting, but the president admitted certain issues weren’t discussed.

“On a scale of one to 10, the meeting with Xi was 12,” he told reporters en route back to the US.

Xi a ‘tough negotiator’, says Trump

The talks conclude a whirlwind visit across Asia – with Mr Trump saying he was “too busy” to see Kim Jong Un.

However, the president said he would be willing to fly back to see the North Korean leader, with a view to discussing denuclearisation.

Mr Trump had predicted negotiations with his Chinese counterpart would last for three or four hours – but their meeting ended in less than two.

The pair shook hands before the summit, with the US president quipping: “He’s a tough negotiator – and that’s not good!”

It marks the first face-to-face meeting between both men since 2019 – back in Mr Trump’s first term.

There were signs that Beijing had extended an olive branch to Washington ahead of the talks, with confirmation China will start buying US soybeans again.

American farmers have been feeling the pinch since China stopped making purchases earlier this year – not least because the country was their biggest overseas market.

Chinese stocks reached a 10-year high early on Thursday as investors digested their meeting, with the yuan rallying to a one-year high against the US dollar.

Analysis: A fascinating power play

Sky News Asia correspondent Helen-Ann Smith – who is in Busan where the talks took place – said it was fascinating to see the power play between both world leaders.

She said: “Trump moved quickly to dominate the space – leaning in, doing all the talking, even responding very briefly to a few thrown questions.

“That didn’t draw so much as an eyebrow raise from his counterpart, who was totally inscrutable. Xi does not like or respond well to unscripted moments, Trump lives for them.”

On Truth Social, Mr Trump had described the summit as a gathering of the “G2” – a nod to America and China’s status as the world’s two biggest economies.

While en route to see President Xi, he also revealed that the US “Department of War” has now been ordered to start testing nuclear weapons for the first time since 1992.

Business

Microsoft, Alphabet and Meta results overshadowed by growing fears of AI bubble

Published

23 hours ago

October 30, 2025

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Microsoft, Alphabet and Meta results overshadowed by growing fears of AI bubble

Some of the world’s biggest tech giants reported quarterly earnings on Wednesday – with a mixed bag of results as fears grow that a bubble is forming in artificial intelligence.

Microsoft revealed that its spending on AI infrastructure hit almost $35bn (£26.5bn) in the three months to the end of September, a sharp rise compared with the year before.

Despite revenue jumping 18% and net income rising 12%, shares plunged by close to 4% in after-hours trading, with investors concerned about the mounting costs of sustaining the boom.

Microsoft’s vice president of investor relations Jonathan Neilson said: “We continue to see demand which exceeds the capacity we have available.

“Our capital expenditure strategy remains unchanged in that we build against the demand signal we’re seeing.”

Big Tech is facing increasing pressure to show returns on the massive AI investments they’re making, against a backdrop of soaring valuations and limited evidence of productivity gains.

Microsoft became the world’s second most valuable company this week thanks to its 27% stake in OpenAI, the creator of ChatGPT.

Its market capitalisation surged beyond $4trn (£3trn) at one point, but that psychologically significant threshold is now in doubt because of recent selloffs.

Alphabet makes history

Last night’s results weren’t all doom and gloom – with shares in Google’s parent company surging by 6% in after-hours trading.

Alphabet has also set out aggressive spending ambitions, but placated investors thanks to an impressive set of results that surpassed analysts’ expectations.

Total revenue for the quarter stood at a staggering $102.35bn (£77bn), with the search giant’s advertising unit remaining robust despite growing competition.

But concerns linger that Alphabet’s dominance in search could be undermined by AI startups, with OpenAI recently unveiling a browser designed to rival Google Chrome.

Hargreaves Lansdown’s senior equity analyst Matt Britzman shrugged off this threat – and believes the company is “gearing up for long-term AI leadership”.

He said: “Alphabet just delivered its first-ever $100bn quarter, silencing the doubters with standout performances in both Search and Cloud.

“AI Overviews and AI Mode are clearly resonating with users, helping to ease fears that Google’s core search business is under threat from generative AI.

“With ChatGPT’s recent browser demo falling short of a game-changer, Google looks well-placed to put up a strong defence as gatekeeper to the internet.”

Meta faces a mauling

Meta – the parent company of Facebook, Instagram, and WhatsApp – saw its shares tumble by as much as 10% in after-hours trading.

Mark Zuckerberg’s tech empire anticipates “notably larger” capital expenses next year as it ramps up investments in AI and goes on a hiring spree for top talent.

Net income in the third quarter stood at $2.7bn (£2bn) and suffered an eye-watering $16bn (£12bn) hit because of Donald Trump’s “Big Beautiful Bill”.

Meta was late to the party on AI but has now doubled down on this still-nascent technology – setting an ambition to achieve superintelligence, a milestone where machines could theoretically outthink humans.

The social networking giant continues to benefit from its massive user base, and expects fourth-quarter revenues of up to $59bn (£44bn).