Manchester United have reportedly been sold to a Saudi Arabian investor following continued discussions.
There has been mounting speculation that the Glazers are prepared to offload the Premier League giant.
And Moaid Mahjoub, a cultural ambassador for Saudi Arabia, said on his Linkedin account that a deal had been struck on Thursday.
“Saudi Arabian #investor purchase the Manchester United club yesterday. After Manchester United delegation visits to #SaudiArabia. Let’s see the official announcement from the club about the result.”
United’s owners are firmly opposed by the fans with campaigns to see them leave the club becoming a regularity.
The Glazers are rarely seen at Old Trafford given their interests in America which includes NFL franchise the Tampa Bay Buccaneers.
They appointed Ed Woodward as non-executive vice chairman back in 2013 to deal with the day-to-day running of the club.
But he has failed to maintain the club’s success following the retirement of Sir Alex Ferguson and has hired four managers during that period.
He has also overseen six years of haphazard spending prioritising big names and stock prices over results on the pitch.
That has resulted in sizeable debts at Old Trafford with fans believing the blame lies firmly on the Glazer’s doorstep.
Investment from the Middle East would inevitably draw comparisons with the likes of Manchester City and Chelsea, both of whom have achieved huge success following major cash injections.
The Red Devils have clearly not struggled financially following two decades of success that transformed them into a global brand – on and off the pitch.