Source: Daily_Mail
Glazer family will sell Manchester United, says Old Trafford director Michael Edelson
Manchester United director Michael Edelson believes the Glazer family will eventually sell the club. [LNB]The owners have maintained they have no intention of letting the club go - despite speculation over investors preparing bids. [LNB]Recent reports from the Middle East suggested that the Qatari royal family is preparing a £1.5billion bid to buy United. [LNB] Family affair: Avi (left) and Joel Glazer watching United at Old Trafford[LNB]However, Edelson, a non-executive director at Old Trafford since 1982, said: 'It is inevitable that at some time they (Glazers) will sell, but that will be a long way down the line.' [LNB]Edelson has no duties on the board of Manchester United Ltd or any of the Glazers' Red Football companies and his role is, in reality, a powerless position. [LNB]Speaking at a private event in Manchester, it is believed that Edelson also said that the Glazers would sell 'long after I am dead' and that it could be another '20-30 years' before the family chooses to cash in on its asset. [LNB]The Americans are confident they can alleviate much of the club's debt by clinching a world record kit deal worth more than £450million before the current arrangement with Nike runs out in 2015. [LNB]Manager Sir Alex Ferguson has also been told funds will be available to bolster his playing squad. [LNB]The club is worth an estimated £1.8bn. [LNB] Table toppers: United lead the Premier League after beating Arsenal last week[LNB] Beckham: I'd only play for Manchester United - but I do want New Year loanI'm going nowhere! Man United boss Ferguson dismisses retirement planBeckham loan deal hopes in doubt as Galaxy insist he's due back next monthMANCHESTER UNITED FC
