Glazers launch assertion confirming potential sale of Man Utd

Glazers release statement confirming potential sale of Man Utd

Manchester United have issued an announcement confirming that the membership may very well be offered because the Glazers “think about all strategic alternate options.”

The information might be welcomed by Man Utd followers who’ve questioned the present house owners’ dedication to the expansion of the membership, resulting in a number of protests in Outdated Trafford.

There could be little doubt that the Crimson Devils have fallen behind their rivals in latest occasions and Cristiano Ronaldo, who was launched on Tuesday, claimed he had seen no funding in infrastructure since he first left the membership in 2009.

That, although, appears to be like prefer it might lastly be about to vary.

“Manchester United plc pronounces at the moment that the Firm’s Board of Administrators is commencing a course of to discover strategic alternate options for the membership,” the assertion learn.

“The method is designed to boost the membership’s future progress, with the last word purpose of positioning the membership to capitalize on alternatives each on the pitch and commercially. 

“As a part of this course of, the Board will think about all strategic alternate options, together with new funding into the membership, a sale, or different transactions involving the Firm. 

“This may embrace an evaluation of a number of initiatives to strengthen the membership, together with stadium and infrastructure redevelopment, and enlargement of the membership’s business operations on a worldwide scale, every within the context of enhancing the long-term success of the membership’s males’s, ladies’s and academy groups, and bringing advantages to followers and different stakeholders.

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Govt Co-Chairmen and Administrators, Avram Glazer and Joel Glazer added: “The energy of Manchester United rests on the fervour and loyalty of our world group of 1.1 billion followers and followers.

“As we search to proceed constructing on the Membership’s historical past of success, the Board has approved a radical analysis of strategic alternate options.

“We’ll consider all choices to make sure that we finest serve our followers and that Manchester United maximizes the numerous progress alternatives out there to the Membership at the moment and sooner or later.

“All through this course of we’ll stay totally centered on serving the perfect pursuits of our followers, shareholders, and varied stakeholders.”

The assertion additionally confirmed that The Raine Group, who facilitated the latest sale of Chelsea, might be appearing of the membership’s monetary advisers through the course of.

The Glazer household gained full management of Man Utd in the summertime of 2005, though it was primarily financed by way of loans secured towards the membership’s personal belongings, which was understandably vastly unpopular among the many supporters.

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