Manchester United may be on the way in other hands.
In an announcement on the football club’s website on Tuesday evening, it is stated that as part of a strategy to ‘strengthen the club’s growth’, several ‘strategic moves’ are being considered, including a full or partial sale.
It is the American Glazer family that owns Manchester United. It has done so since 2005.
“Manchester United’s strength stands and falls with the passion and loyalty of our global community of 1.1 billion fans and followers”, says the two chairmen Avram Glazer and Joel Glazer on the website.
“While we continue to build on the club’s successful history, the board has agreed to a comprehensive evaluation of strategic alternatives”.
“We will evaluate all options to ensure we do the best for our fans and for Manchester United to maximize the significant growth opportunities available to the club now and in the future.”
The United management has hired the American bank Raine Group as a financial advisor in the upcoming process. Earlier this year, Raine Group was involved in the sale of Chelsea.
The Glazer family have more or less from day one been reviled by Manchester United fans. Partly because of its handling of the club’s finances, partly because of United’s sporting decline in recent years.
Especially since Alex Ferguson quit as manager in 2013, there haven’t been very many big moments for ‘the Red Devils’.
Two English cup titles – one in the FA Cup and one in the league cup – as well as a triumph in the Europa League have been achieved for United, who under Ferguson were otherwise used to fighting for the English championship and the Champions League trophy.
Recently, United have been in the spotlight due to an explosive interview that Cristiano Ronaldo gave to English journalist Piers Morgan.
In the interview, the 37-year-old Portuguese said, among other things, that he feels let down by Manchester United and that the club, led by manager Erik ten Hag, is trying to push him out.
He also explained that he has a particularly strained relationship with the Dutch manager. Ronaldo has also been lashing out at the Glazer family.
The interview led to United announcing earlier on Tuesday that the parties had agreed to go their separate ways and that Ronaldo had therefore had his contract terminated with immediate effect.
Source: Politiken.dk – Forsiden by politiken.dk.
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