Manchester United

The 64-year-old was speaking after the club's quarterly financial results were released, as the Red Devils' cost of firing former head coach Erik ten Hag, ex-sporting director Dan Ashworth and other staff members were laid bare.

It was revealed that Man United had forked out a staggering £14.5m on those high-profile dismissals, while also recording a £27.7m loss and seeing their revenue drop by 12% to £198.7m.

In addition, the accounts confirmed that the 20-time English champions are still saddled with debts of over £1bn, despite Sir Jim Ratcliffe's extreme cost-cutting measures since buying his minority stake.

Glazer was approached by Sky Sports News in Miami and asked if Ratcliffe had "made things worse" at Man United, to which he replied: "I'm on my way to see the President, I don't think it's appropriate to talk about it."

The American businessman was then asked whether he would sell the club outright, to which he replied with an emphatic "No".

The Glazer family first announced in late 2022 that they would be open to exploring 'strategic alternatives' to their ownership after years of fierce opposition from fans, including a potential full sale.

Avram Glazer rules out Man United sale after worrying financial results

A two-horse race ensued between Ratcliffe and Sheikh Jassim bin Hamad Al Thani, the latter of whom was looking for full control of the club but eventually withdrew from the race after failing to meet the Glazers' asking price.

Ratcliffe subsequently purchased a 27.7% stake, which has since increased to 28.9%, and the INEOS chief has overseen sweeping changes to the club's football department during his tenure so far.

However, Ratcliffe has also been responsible for cutting hundreds of jobs - around 250 last summer and autumn - and The Guardian reports that he is now set to axe another 200 staff members due to the club's dire financial situation.

In an open letter to fan groups in January, Man United confessed that they would risk breaching the Premier League's Profit and Sustainability Regulations due to their significant losses, which have totalled £373m over the last five years.

The Red Devils elected to keep Ten Hag last summer following their FA Cup final victory, but another poor run of results saw the Dutchman sacked in October, and Man United then forked out a total of £10.6m to hire Ruben Amorim as their new head coach.

The former Sporting Lisbon boss is yet to oversee an upturn in fortunes, though, and the club are languishing in a lowly 15th place in the Premier League table before Saturday's clash with Everton at Goodison Park.

Written by

Ben Knapton