Follow Us

SportsManchester United owners to explore sale as Glazers seek new investment

Manchester United owners to explore sale as Glazers seek new investment

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.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Popular

Share post:

Subscribe

More like this
Related

Married Woman Died After F ;ollow er unmarried Friend

A married woman followed her unmarried friend all the way...

UEFA Finalise Man United’s Europa League Decision As Rashford’s Future Clarified

UEFA finalise Man United’s Europa League decision as Marcus...

2023/2024 FA Cup Final: Man United Triumph Over Man City, Wins Trophy

Manchester United has defeated opponent Manchester City to win...

2024 Child-Day: NAPPS President Calls For Technology Driving Innovation For Nigeria Childrens

By Hosea Yusuf, Abuja As the technology plays an increasingly...