It may not seem to be the best of times for a Manchester United fan. Or, is it?
Days after the Cristiano Ronaldo's explosive interview in which he slammed the club and the coach, and his subsequent exit last night, comes reports that the owners – Glazer family – is considering selling the club.
Manchester United said on Tuesday it is going to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought the club. The owners are working with financial advisers on the process, which could lead to a partial sale of the Old Trafford club or investments including stadium and infrastructure redevelopment, the club said in a statement.
The Glazers have been subjected to intense criticism by the Manchester United fans as the team has gone five years without winning a trophy - the last was the Europa League and League Cup back in 2017.
"As we seek to continue building on the clubs history of success, the board has authorized a thorough evaluation of strategic alternatives," Avram Glazer and Joel Glazer, executive co-chairmen and directors of United, said in the statement. "We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the club today and in the future," the statement said.
In August, British billionaire Jim Ratcliffe, reportedly, expressed interest in buying United. Elon Musk, too, joked about planning to buy the club.
The Glazers bought the club for $939.07 million in 2005. United has been listed on the New York Stock Exchange since 2012, when the Glazers sold 10 per cent of their holding via the listing and have sold more shares since.Manchester United said on Tuesday it is going to explore strategic alternatives
