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Man Utd owners wish to ‘best serve fans’ as Glazers release statement | Football | Sport


Manchester United has announced that they’ve been put up on the market by the Glazer family. The American group have been on the helm of the Old Trafford outfit for 17 years, with quite a few fan protests being staged during that point.

Many feel that the Red Devils have declined for the reason that Glazers took over, with the club failing to win a Premier League title since 2013 when Sir Alex Ferguson retired. The Red Devils are in the guts of a rebuild currently under Erik ten Hag and the club are actually welcoming offers for a partial or full takeover.

Its statement read: “Manchester United plc (NYSE:MANU), one of the successful and historic sports clubs on this planet, proclaims today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.

“The method is designed to reinforce the club’s future growth, with the last word goal of positioning the club to capitalize on opportunities each on the pitch and commercially. As a part of this process, the Board will consider all strategic alternatives, including latest investment into the club, a sale, or other transactions involving the Company.  This may include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s industrial operations on a world scale, each within the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing advantages to fans and other stakeholders.

Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the fervour and loyalty of our global community of 1.1 billion fans and followers. As we seek to proceed constructing on the Club’s history of success, the Board has authorized an intensive evaluation of strategic alternatives.

“We’ll evaluate all options to be certain that we best serve our fans and that Manchester United maximizes the numerous growth opportunities available to the Club today and in the long run. Throughout this process we are going to remain fully focused on serving one of the best interests of our fans, shareholders, and various stakeholders.”

The statement then went on to clarify that The Raine Group could be acting because the exclusive financial advisor, the corporate who were in control of finding Chelsea latest ownership after Roman Abramovich’s assets were frozen earlier this 12 months. It was then stressed that the review may not definitely end in a ‘transaction involving the Company’.

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