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The Glazer family, the owners of English football club Manchester United, are preparing to sell the club. The Glazer family say they are open to the option of selling the club. After 17 years in charge of the club, the Glazer family are keen to see what a buyer is willing to pay.
The performance of this club has not been good in the recent past and the fans had also demonstrated against it. The cost of this club is around five billion euros (Rs 48586 crore). According to media reports, if the Glazer family sells it, American investors can buy it.
Manchester United issued a statement saying that it is ready to change its strategy. Glazer is keeping its options open for new investment in Family Club, a sale, or other transactions involving the company.
“Manchester United, one of the world’s most successful and historic sports clubs, today announces that the company’s board of directors is starting a process to explore strategic options for the club,” Manchester United said in a statement. . This process is designed for the development of the club. Its ultimate goal is to further enable the club to capitalize on opportunities on and off the field and commercially. As part of this process, the Board will consider new investments in the club, sales, or other transactions involving the company. This will include evaluating a number of initiatives to strengthen the club, including the redevelopment of the stadium and infrastructure. The expansion of the club’s operations globally, each club’s men, women and will seek to enhance the long-term success of academy teams and deliver benefits for fans and other stakeholders.”
Avram Glazer and Joel Glazer, the club’s executive co-chairmen of directors, said: “The strength of Manchester United rests on the passion and loyalty of 1.1 billion fans. As we look to continue the club’s history of success, the board has undertaken a thorough assessment of strategic options. We will evaluate all options to ensure that we best serve our fans and that Manchester United can take advantage of the significant growth opportunities available to the club today and in the future. Throughout this process, we will Will focus solely on the interests of the fans, shareholders and various stakeholders.”
The Rhine Group, which played a key role in the sale of football club Chelsea, acted as financial advisor to United. Whereas for the Glazer family shareholders, Rothschild does it.
After the statement of the Glazers family, it is being speculated that after running this club for 17 years, this family can now sell Manchester United. The club has not won the Premier League since 2013. Many managers have come and gone since Alex Ferguson, but none have been as successful. Recently, football star Cristiano Ronaldo gave a controversial interview regarding the club, for which the legal battle is going on. After this it was also reported that Ronaldo had left the club with immediate effect.