The club confirms: The Glazers are open to selling Manchester United
Manchester United’s owners, the Glazers, are open to selling the club. They confirmed the club i Press conference Tuesday night.
United wrote that the board was considering strategic alternatives, including a new investment in the club and a possible sale to a new owner.
“Process has begun to promote the club’s growth, with the aim of positioning the club to take advantage of opportunities both on the pitch and commercially,” United wrote.
The Glazers have also spoken out on the matter.
– Through this process, we will focus on doing what is best for our fans and shareholders, said Avram Glazer and Joel Glazer.
However, they will not guarantee that this process will lead to sales.
According to Sky News, the owner has sought advice from the bank in the process. Therefore, this could lead to a new economic partner or a complete sale.
The “Red Devils” have been owned by the Glazer family for 17 years. They bought the club in 2005 for 790 million pounds, just under a billion kroner, mainly with the help of loans.
The sale of a small portion of the club could be used to renovate Manchester United’s home ground, Old Trafford, according to Sky News.
Manchester United supporters have long demonstrated against the owners, wanting them out of the club. The club have not won the Premier League since 2013, and for years have seen the sport decline since its heyday under Sir Alex Ferguson.
Earlier on Tuesday evening, Manchester United announced that Cristiano Ronaldo had finished with the club.
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