Developing plans for a buy-out of Manchester United could include the return of one of the club's most celebrated former stars after Eric Cantona was named as a potential ambassador if the Glazer family decide to sell-up. And while those planning a mega-money bid haven’t officially announced their interest, talk of Canton’s return has excited United fans.
Return of King Eric?
Cantona remains a terrace hero at Old Trafford and his name is still sung regularly by the Stretford End faithful. His return would be celebrated, even if it was only in an ambassadorial capacity. The Frenchman arrived in 1992, bringing flair, leadership, and a winning mentality that helped United secure their first league title in 26 years. He went on to win four Premier League titles and two FA Cups with the club, showcasing technical skill, creativity, and the ability to score important goals. His charisma, combined with his famous upturned collar and confidence, resonated with fans, earning him the nickname "King Eric".
AdvertisementGetty Images SportWho calls the shots at Old Trafford?
Man Utd's ownership structure is a unique blend of majority control by the Glazer family and significant minority ownership by Sir Jim Ratcliffe's INEOS group. The Glazers initially took control of the club in 2005 through a leveraged buyout, and retain a majority stake, while Ratcliffe and INEOS acquired a 28.94 per cent stake in the club in February 2024, becoming the largest single shareholders and gaining control of football operations. Ratcliffe has also injected $300 million for infrastructure improvements and, while the Glazers still hold overall control, Ratcliffe's influence on the club's direction is substantial.
How close are the Glazers to selling up?
Despite recent claims by Turki Al-Sheikh, a Saudi Arabian government official, Man Utd deny being in advanced talks for a full takeover. Al-Sheikh's initial social media post said: "The best news I heard today is that Manchester United is now in an advanced stage of completing a deal to sell to a new investor. I hope he’s better than the previous owners." He later clarified he wasn't the potential investor, nor were they from his nation. Al-Sheikh is believed to be referencing a UAE-based consortium and have approached club legends, including Cantona about potential involvement.
Ben Jacobs, speaking to United Stand, said: "It is in no way near as advanced as El Sheikh has implied, nor have the Glazers had any direct contact yet. There’s no guarantee this even develops into anything, but Cantona is one of the names who has been approached."
AFPNext steps for takeover hopefuls
The Glazer family has previously entertained offers, including Sheikh Jassim's ultimately unsuccessful £4.79 billion bid for 100 per cent of the club in 2023, they seem content with the current arrangement with Ratcliffe's INEOS group holding a minority stake and controlling football operations. And there is a ‘drag-along’ clause, activated in August 2025, which allows the Glazers to force a sale of Ratcliffe's shares if they receive a 100 per cent offer before February 2027, provided the share price is above $33. After that date the Glazers can accept any offer, which could see Ratcliffe lose money.
And Man Utd face a massive test this weekend when they face their north west rivals Liverpool in a derby clash at Anfield. United come into the game on the back of a win against Sunderland, but Arne Slot’s Liverpool have lost their last three matches and are desperate for a win after losing top spot to Arsenal in recent weeks.
