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Liverpool Echo
Liverpool Echo
Sport
Mark Wakefield

Glazer family follow FSG lead with Liverpool and put Manchester United 'up for sale'

The Glazer family are following a similar lead to Fenway Sports Group at Liverpool after confirming they considering selling Manchester United.

Earlier this month, FSG released a statement announcing they were seeking potential new investment into the club. It’s understood that while the American group is not actively looking to sell Liverpool, they would be open to it for the right price and to an investor with the right values.

In a statement sent to the ECHO, FSG maintain that they are "fully committed" to the ongoing success of the club under Jurgen Klopp but admit they are open to the possibility of further investment from elsewhere.

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Two major US banks in Goldman Sachs and Morgan Stanley had been appointed to assist with the process as the Reds owners look to explore their options after seeing the club rocket in value during their 12-year stewardship.

Now at the other end of the M62, it is being reported that the owners of Man United are going down a similar path to FSG. According to Sky News , the Glazer family, who own the Red Devils, are preparing to announce their intent to source outside investment that could lead to a full takeover.

The report adds that United have instructed US banks to advise on the whole process, which could include a full or partial sale, or a strategic partnership with third parties.

A statement from United late on Tuesday confirmed the club are beginning to "explore strategic alternatives for the club", which could include a sale. Owners Avram Glazer and Joel Glazer said: “As we seek to continue building on the club’s history of success, the board has authorised a thorough evaluation of strategic alternatives.

"We will evaluate all options to ensure that we best serve our fans and that Manchester United maximises the significant growth opportunities available to the club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”

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