Glazer family confirm plans to sell Manchester United
Manchester United’s owners the Glazer family have released a statement confirming that they plan to explore “strategic alternatives” that could lead to a possible sale of the club.
The announcement comes after several years of multiple protest from supporters against their ownership of the club.
Mass protests took place as soon as their takeover was completed back in 2005, before further demonstrations occurred in 2010 and 2021.
The Red Devils have not won a trophy in the last five seasons and they have not lifted the Premier League title since Sir Alex Ferguson left the club in 2013.
United were one of six Premier League clubs who agreed to join the European Super League in April 2021 before the project collapsed within hours of its launch due to widespread public and political protests.
A month later, United fans forced the postponement of a Premier League match against rivals Liverpool at Old Trafford after protesting against the European Super League and the Glazer family.
American investment firm Raine Group, who were involved in the £4.25bn sale of Chelsea in May, are acting as Man United’s exclusive financial advisor, with Latham & Watkins LLP acting as the legal counsel to the club.
The statement added: “There can be no assurance that the review being undertaken will result in any transaction involving the company.
“Manchester United does not intend to make further announcements regarding the review unless and until the board has approved a specific transaction or other course of action requiring a formal announcement.”
Man United also confirmed on Tuesday that five-time Ballon d’Or winner Cristiano Ronaldo has left the club by mutual agreement with immediate effect following an explosive interview with Piers Morgan released last week.
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