UNITED FOR SALE
MANCHESTER UNITED owners the Glazers have put ‘for sale’ signs up at Old Trafford after 17 controversial years in charge.
In news which will delight United fans, the Tampa-based family have confirmed they are looking for outside investment.
That could mean either offering a partial stake in order to bring in funds to help redevelop Old Trafford or a full scale sale of the club, which the Glazers value at £9bn, although
a more achievable target would be over £5bn.
A statement issued by the Glazers to the New York Stock Exchange read: “Manchester United plc announces today that the Board is commencing a process to explore strategic alternatives for the club including new investment into the club, a sale, or other transactions.
“This will include stadium and infrastructure redevelopment and expansion of the club’s commercial operations.”
Executive co-chairmen Avram and Joel Glazer added: “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.”