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Manchester United owners consider selling club

Author: Staff Writter | Published: Wednesday, November 23, 2022

Manchester United stadium Old Trafford. (Photo: Courtesy).

Manchester United’s owners the Glazer family say they are considering selling the club as they “explore strategic alternatives”.

The Americans bought the club for 1.34 billion US dollars in 2005.

Their move to sell the club follows years of protest from fans against the ownership.

A statement from the club, and by the BBC – said the board will “consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company”.

“The process will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale.”

This is to enhance the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.

In 2012, the Glazers sold 10% of their holding via a stock listing and have sold further shares in the following years.

“As we seek to continue building on the club’s history of success, the board has authorised a thorough evaluation of strategic alternatives,” said executive co-chairmen and directors Avram Glazer and Joel Glazer.

“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.”

United, who are fifth in the Premier League, have not won the title since 2013 and have not won a trophy since claiming the Europa League and EFL Cup in 2017.

There have been multiple protests against the Glazers’ ownership in recent years, including one in May 2021 that caused United’s home league match against Liverpool to be postponed.

Thousands of supporters marched to Old Trafford in protest before the same fixture this season, in August.

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