Man Utd close to announcing American owners are exploring financial options that could include an outright sale, Sky News learns; United share price up 17 per cent straight after the news, adding almost $400m to the club’s market capitalisation according to finance expert Kieran Maguire
Manchester United could finally be sold by its American owners after a 17-year reign dominated by fan protests and declining on-pitch performance.
Sources said on Tuesday investment bankers were being instructed by Manchester United’s owners to advise on the process, which is likely to include a full or partial sale, or strategic partnership with third parties.
A statement confirming their intentions could come imminently, one of them said.
Manchester United’s share price immediately rose by 17 per cent as a result, adding almost $400m to the club’s market capitalisation, according to football finance expert Kieran Maguire.
The announcement of a review of financial options that could include a sale process would signal an end to years of speculation over whether the Glazers might be persuaded to offload a club which for the past decade has experienced an almost-unmitigated footballing decline.
United has not won the Premier League title since 2013, and has sacked a succession of managers in the aftermath of the retirement of Sir Alex Ferguson.
