Glazer statement confirming potential sale to Manchester United

Manchester United issued a statement confirming the possibility of selling the club because the Glazers are “considering all strategic alternatives”.

The news would be greeted by Manchester United fans who questioned the current owners’ commitment to the club’s growth, which led to multiple protests at Old Trafford.

There is no doubt that the Red Devils have fallen behind their rivals of late and Cristiano Ronaldo, who was released on TuesdayHe claimed he had not seen any infrastructure investment since he first left the club in 2009.

However, it looks like he might finally be about to change.

“Manchester United plc today announces that the company’s board has begun a process to explore strategic alternatives for the club,” the statement read.

“This operation is designed to foster the future growth of the club, with the ultimate goal of positioning the club to take advantage of opportunities both on the field and at a commercial level.

As part of this process, the Board of Directors will consider all strategic alternatives, including new investment in the club, sale, or other transactions involving the company.

“This will involve an assessment of several initiatives to strengthen the club, including the redevelopment of the stadium and infrastructure, and the expansion of the club’s commercial operations on a global scale, all in the context of promoting the long-term success of the club men and women and the academy, and delivering benefits to fans and other stakeholders.

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Presidents and CEOs, Avram Glazer and Joel Glazer, added: “Manchester United’s strength is built on the passion and loyalty of our global community of 1.1 billion fans and followers.

“As we seek to continue to build on the club’s history of success, the Board has authorized a comprehensive assessment of strategic alternatives.

“We will evaluate all options to ensure we are providing the best service to 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.”

The statement also confirmed that the Ren Group that facilitated the recent sale ChelseaHe will assume the duties of the club’s financial advisors during the process.

The Glazer family gained complete control of the company Manchester United In the summer of 2005, although mainly funded by loans secured against the club’s own assets, which was understandably unpopular with fans.

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