According to The Athletic, Sir Jim has annoyed the US owner with at least two decisions since he took over his power in the football segment at Old Trafford in February 2024.
One of them is that he asked for executive meetings at Monaco – a more convenient place for himself but it is detrimental to the Glazer members.
In addition, his controversial statement that Man United “can go bankrupt at Christmas” is also said to not receive the agreement from American partners.
Sir Jim, who spent £ 1.25 billion to own 28.9% of the shares, are taking a series of strong cost cuts, including the dismissal of hundreds of employees. Despite being a minority shareholder, he took the right to execute football at the club – this increased internal tensions.
Notably, under the agreement, the Glazer can activate the “Drag-Along” term for the next three months, allowing them to force Sir Jim to sell shares if there is a proposal to buy the entire club from a third party. If it is impossible to make an equal proposal, Sir Jim will be forced to withdraw.
With the absence of a guarantee that will buy the rest from the Glazer house, Sir Jim is passive if a comprehensive recovery occurs. This may be a big turning point in the power structure at Man Utd – the team is trying to find the glory after many years of decline.
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