Manchester United, the Glazer family puts the club up for sale: the press release – Corriere.it

Manchester United, the Glazer family puts the club up for sale: the press release - Corriere.it

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from Salvatore Riggio

Malcom Glazer’s family bought Manchester United in 2005 for 1.6 billion is worth 4.3. Now «an in-depth assessment of strategic alternatives»

Immersed in the storm Cristiano Ronaldo, faced with the consensual termination of the contract, the Manchester United now it is going towards the sale. With a press release, the Board announced thelaunch “of a process to explore strategic alternatives for the club”. Among the options also the sale: «The Board will consider all strategic alternatives, including new investments in the club, a sale or other transactions. The process is designed to enhance United’s growth, with the ultimate aim of capitalizing on opportunities both on the field and commercially.”

Among the «strategic alternatives», vital for the future of the Red Devils, there are «the stadium and infrastructure redevelopment, expansion of the club’s commercial operations on a global scaleall in the context of enhancing the long-term success of the club’s men’s, women’s and youth teams, benefiting both fans and investors.”

This time the co-presidents and directors, Avram Glazer and Joel Glazer, appeared determined, after last summer’s indiscretions which had also been the subject of a tweet, later defined as a joke, by Elon Musk: «Manchester United’s strength is based on the passion and loyalty of our global community of over a billion fans. The Board authorized a thorough assessment of strategic alternatives. We will evaluate all options to ensure we best serve our fans and keep Manchester United maximize significant growth opportunities, today and in the future. Throughout this process we will remain fully focused on doing what is best for the fans and shareholders.”

Manchester United — which the Glazers acquired in May 2005 for €1.16bn, would be valued now around 4.3 — it’s not the only English club for sale.

In fact, Liverpool are also on the list. In the 12 years of ownership, Fenway Sports Group has led Liverpool to victories in England and Europe, although the Reds are struggling more recently than in previous years. Again there is an offer more in jest than anything else: the former MMA champion Conor McGregor would have come forward (as he had previously done, in words, for other Premier League teams).

Also worth mentioning is the sale of Chelsea a few months ago to the US entrepreneur Todd Boehly for the record figure of 4.9 billion euros.

November 23, 2022 (change November 23, 2022 | 11:50 am)

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