South Wales Echo

Glazers set for United sale?

-

THE Glazer family are preparing for a potential sale of Manchester United after 17 years of ownership, according to a report.

Sky News claim the unpopular American owners - who have faced significan­t fan opposition during their tenure - are set to announce their intention to examine potential sources of outside investment which could ultimately lead to them relinquish­ing control at Old Trafford.

Investment bankers, the report said, are being instructed to advise on the process, which is likely to include a full or partial sale, or strategic partnershi­p with third parties.

The Glazers took over at United with a £790million leveraged buyout in 2005.

If they decide not to sell they could still look for an investment partner to raise capital in order to fund a much-needed redevelopm­ent of Old Trafford.

United have not commented on the claims. Owners of arch-rivals Liverpool Fenway Sports Group, also based in the United States, are currently exploring similar options for the whole or partial sale of a club bought in 2010.

Newspapers in English

Newspapers from United Kingdom