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Glazer family puts Manchester United up for sale

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Manchester United, one of the world’s most valuable football teams, will soon be on the auction block as its US owner gears up to entertain a potential sale offer. announced Tuesday.

Members of the Glazer family, who have owned the team for nearly two decades, have hired financial advisors to consider a full or partial sale, according to the club. paid $939 million to Manchester United.

The Glazers are looking for new investments in the team to help upgrade their stadium and expand their business, Manchester United said. , or other transactions,” it said in a statement.

Avram Glaser and Joel Glaser said in a statement: “We will consider all options to provide the best possible service to our fans and to help Manchester United maximize the significant growth opportunities for the club, both now and in the future. “Throughout this process, we are committed to serving the best interests of our fans, shareholders and various stakeholders.”

It’s unclear what price the Glazers will ask United for.forbes value The club is $4.6 billion. Manchester United, which is publicly traded on the New York Stock Exchange, boasted a market value of $2.4 billion on Tuesday. The team’s stock rose 15% to $14.94 on Tuesday.

In the 2020-21 season, Manchester United were ranked fifth in the world among professional clubs with revenues of around $572 million. DeloittePremier League rival Manchester City topped the list of consulting firms with revenues of $661 million.

In May, a consortium of investors led by American businessman Todd Boley Chelsea FC takeover dealcompeting in the Premier League like Manchester United, up to $4.9 billion.

Cristiano Ronaldo leaving

News of a possible United sale came just hours after Cristiano Ronaldo was released from his contract with the club. We are looking for a strong fourth club.

“Cristiano Ronaldo will leave Manchester United with immediate effect by mutual agreement,” the club said in a statement. Said in a statement. “The club would like to thank him for his immeasurable contribution over two seasons at Old Trafford, scoring 145 goals in 346 appearances and wishing him and his family all the best for the future.”

The men’s international football record scorer has rejected a new offer from the Saudi Arabian club this year. CBS Sports reported in the summer that they have rival suitors The Saudi Arabian may also be interested in his services if he leaves Manchester United.

The sale would be a welcome change for many Manchester United fans who have grown frustrated with their ownership of the Glazers. Hmm.

Several billionaires are expected to line up as potential candidates to buy the club. One wealthy individual has already declined to run.Jim Ratcliffe, owner of British chemical company INEOS, said earlier this month he would not bid for the team, The Associated Press report.

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Written by Natalia Chi

Chicago Popular; Chicago breaking news, weather and live video. Covering local politics, health, traffic and sports for Chicago, the suburbs and northwest Indiana.

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