The Glazer family are open to selling Manchester United.
The American owners of Man Utd are willing to listen to offers for the club after a 17-year reign dominated by fan protests and declining on-pitch performance.
If the club – valued at around £5bn – is sold, it is expected to be purchased by US investors.
A Manchester United statement confirmed plans to identify “strategic alternatives” and said the process will consider a number of options “including new investment into the club, a sale, or other transactions involving the company”.
Sky News had earlier exclusively revealed the Glazer family were preparing to announce their intention to examine potential sources of outside investment that could include a full-blown auction of arguably the world’s most famous football club.
Manchester United’s share price immediately rose by 17 per cent as a result, adding almost $400m (£336.4m) to the club’s market capitalisation, according to football finance expert Kieran Maguire.
|Disclaimer: Opinions expressed here are those of the writers and do not reflect those of Peacefmonline.com. Peacefmonline.com accepts no responsibility legal or otherwise for their accuracy of content. Please report any inappropriate content to us, and we will evaluate it as a matter of priority.|