The Glazers say they are exploring strategic options for the club, which includes a potential sale of the Red Devils.
How was everything?
After initial reports suggested that the Glazer family might be open for sale, the Red Devils released a statement on their official website confirming their position. The announcement explains that any move will be part of an initiative to improve the club’s future prospects, both in an infrastructural and commercial sense, while stating that they are committed to the best interests of the club’s supporters, shareholders and stakeholders.
A little about the topic
The announcement is a landmark moment after 17 years of disputed ownership. The Red Devils’ fan base has taken part in various protests due to the Glazer family’s lack of investment and heavy participation in the debacle of the European Super League. The club has been without a PL trophy since Ferguson retired back in 2013.
The claim continues that the Raine Group, which helped complete the sale of the Blues from Russian oligarch Abramovich earlier this year, is acting as Glazers’ exclusive financial advisor, while Latham & Watkins LLP will be their legal advisor.
What did the Glazer family say about Manchester United?
Glazers said in a statement that the strength of Man Utd rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As they attempt to continue to build on the Club’s success story, the Council has mandated a thorough evaluation of strategic alternatives.
They say they will evaluate all options to provide the best service to their fans and to ensure that Manchester United maximizes the growth opportunities available to the Club today and in the future. Throughout this process, they will be fully focused on ensuring the best interests of Manchester United supporters, shareholders and various stakeholders.
What will happen after this for Manchester United?
While any potential sale is likely to take time, previous potential niggles will be on high alert to take over. Red Devils fan English billionaire Sir Jim Ratcliffe was just one of the names associated with Manchester United in the past.