The Glazer household, homeowners of Manchester United, have stated they’re open to promoting the membership.

This was confirmed in an official assertion on Tuesday.

The Individuals famous they’re “exploring strategic options” together with new funding or a full sale. The Glazers accomplished their takeover in 2005, however have confronted fierce opposition to their possession from supporters, notably for saddling the membership with big quantities of debt following their leveraged buy-out.

The assertion launched on Tuesday learn: “Manchester United proclaims right now that the board is commencing a course of to discover strategic options for the membership.

“The method is designed to reinforce the membership’s future development, with the final word objective of positioning the membership to capitalize on alternatives each on the pitch and commercially.

“As a part of this course of, the board will think about all strategic options, together with new funding into the membership, a sale, or different transactions involving the corporate.

“It will embrace an evaluation of a number of initiatives to strengthen the membership, together with stadium and infrastructure redevelopment, and growth of the membership’s industrial operations on a world scale, every within the context of enhancing the long-term success of the membership’s males’s, girls’s and academy groups, and bringing advantages to followers and different stakeholders.”

Ronaldo leaves Man Utd

The information comes on the identical day that Manchester United introduced that Cristiano Ronaldo would go away the membership after a “mutual settlement” was reached by the 2 events. Ronaldo’s departure comes on the heels of final week’s interview with Piers Morgan wherein he blasted the membership and its new supervisor Erik ten Hag for disrespecting him.

If United have been to be bought outright, the membership can be anticipated to fetch a value far in extra of the £2.5 billion paid for Chelsea by a consortium fronted by LA Dodgers part-owner Todd Boehley in Might.

British billionaire Jim Ratcliffe, who additionally bid for Chelsea, has stated he can be concerned about shopping for United. However insisted in October that the Glazers didn’t wish to promote.

The Raine Group have been named as United’s “unique monetary advisor” after dealing with the sale of Chelsea earlier this yr.

Avram Glazer and Joel Glazer stated as a part of the assertion issued on Tuesday: “The energy of Manchester United rests on the fervour and loyalty of our world neighborhood of 1.1 billion followers and followers.

“As we search to proceed constructing on the membership’s historical past of success, the board has licensed a radical analysis of strategic options.

“We’ll consider all choices to make sure that we greatest serve our followers and that Manchester United maximizes the numerous development alternatives out there to the membership right now and sooner or later.

“All through this course of we’ll stay absolutely centered on serving the most effective pursuits of our followers, shareholders, and numerous stakeholders.”

About the author

Gistdice

Leave a Comment