The Glazer family are exploring the option of putting Manchester United up for sale. The family have been unpopular at Old Trafford since taking control of the club using £500m of debt towards a £790m takeover back in 2005.
Combine that with the failed European Super League plot and a decline on the pitch, has resulted in discontent among the fanbase. There have been regular protests at Old Trafford, including fans storming the pitch back in 2021 which saw their game against Liverpool postponed.
Manchester United would become the latest in a flurry of Premier League club to swap hands, following Newcastle United and Chelsea in a change of ownership. The Red Devils are currently listed on the New York Stock Exchange with share prices on Tuesday implying a $2.15bn valuation – however, the club’s real worth is believed to be in the region of £5bn and £9bn.
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A statement from the club read: “The process is designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
“As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. There can be no assurance that the review being undertaken will result in any transaction involving the Company.”
Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives.
“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future.”
The statement added: "The Raine Group is acting as the Company’s exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company. Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.
"There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement."
Newcastle United have seen their fortunes on the pitch improve dramatically since their takeover just over a year ago, swapping a relegation battle at this stage last season for a European push under Eddie Howe this term. The Magpies are currently sitting third in the table, two places and four points ahead of the Red Devils.
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