Just after the announcement of the departure of Cristiano Ronaldo from the Red Devils in the middle of the World Cup in Qatar. Manchester United's board of directors announced late this Monday "a process designed to promote the growth of the institution in the future" and that "it will consider all strategic alternatives, including a new investment in the club, a sale or other transactions that get the company involved."
"This process has been created to improve the future growth of the club with the aim of capitalizing on opportunities both on the pitch and commercially," the English club says on its website.
The current owners of United put a price on the club after the failure of the Super League - promoted by twelve of the richest clubs in Europe -, the Glazers valued the club at 4.6 billion euros for a possible sale in the spring of 2021. The Super League he wanted to solve the clubs' financial problems for good, but he met with fierce opposition from British fans.
As part of this process, the board of directors "will consider all strategic alternatives, including a new investment in the club, a sale or other transactions involving the company."
"There will be an evaluation of initiatives to strengthen the club, including the redevelopment of the stadium and the expansion of commercial operations on a global scale. This will be carried out with the aim of achieving long-term success in all divisions," it adds. .
Following this, Avram Glazer and Joel Glazer state on the club's website: "Manchester United's strength lies in the passion and loyalty of our community of 1.1 billion fans and supporters. As we look to continue to build on this , the board of directors has authorized a comprehensive evaluation of strategic alternatives."
"We will evaluate all options to maximize the growth opportunities available to the club. Throughout this process, we will remain fully focused on serving both fans, shareholders and various stakeholders," they underline.
Manchester United states that "Raine Group acts as exclusive financial adviser to the company, and Latham
"There are no guarantees that the review being carried out will result in a transaction involving the company. Manchester United will not make any further announcements about this review unless the board approves a specific transaction or other course of action that requires a formal announcement," he concludes.
The shares of Manchester United rose 17% on Tuesday before the news of a possible sale by its owners, the American Glazer family.
The club's share, which is listed on the New York Stock Exchange (Nasdaq), rose more than 17% when Sky Sports reported that the Glazers are exploring an exit or the entry of new investors.
The share is currently trading above 15.5 dollars, compared to the 13 it was at before the intention of the American family came to light.
