The recent drama with Cristiano Ronaldo was not enough for Man United as they are looking to sell the club to the highest bidder. There were a lot of rumours that Manchester United was for sale a few years back, but this time it’s indeed true. After a 17-year reign marked by fan protests and declining on-field performance, Manchester United’s American owners are willing to listen to the available offers from new investors.
Man United’s share price increased by 17 per cent immediately following the announcement, adding nearly £336.4 million to the club’s market capitalisation.
A statement from Man United for the sale
A Manchester United statement confirmed plans to identify “strategic alternatives” and said the process will consider a number of options “including new investment into the club, a sale, or other transactions involving the company”.
“The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers,” said the executive co-chairmen and directors, Avram Glazer and Joel Glazer.
The statement goes: “As we seek to continue building on the club’s history of success, the board has authorized a thorough evaluation of strategic alternatives. 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. Throughout this process, we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
Who will buy Man United?
Sir Jim Ratcliffe, a billionaire United fan, is just one of the names in link with the club in the past.