The Glazer family could be willing to ending his controversial 17-year spell at Manchester United sale of the club or a reduction in their investment.
The Americans took control of it red devils through a controversial leveraged buyout in 2005.
The debt generated by this function and the subsequent one slope of the club’s property on the field have caused various protests of fans in recent years.
But a turbulent period for United could be coming to an end red devils released a statement on Tuesday, November 22, 2022, confirming that they are investigating “strategic alternatives” for the club it could include sale or new investment.
i ️ Process of exploring strategic options at Manchester United.#MUFC
– Manchester United (@ManUtd_Es) November 22, 2022
Manchester United’s statement on possible sale
“The process is designed to enhance the club’s future growth, with the ultimate aim of positioning the club to take advantage of opportunities both on the pitch and commercially.
As part of this process, the board will consider all strategic alternatives, including new investment in the club, sale or other transactions involving the company.
This will include an assessment of various initiatives to strengthen the club, including the redevelopment of the stadium and infrastructure, and the expansion of the club’s commercial activities on a global scale, in the context of enhancing the long-term success of the men’s teams. .
There can be no assurance that the review conducted will result in any transaction involving the company. Manchester United do not intend to make any further announcements in relation to the review unless and until the board approves a specific transaction or other course of action that requires a formal announcement.”
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Why could Manchester United be sold?
The recent and lucrative sale of Chelsea It has certainly given owners of other Premier League clubs an idea of what they could gain by moving.
Todd Boehly’s takeover of the west London club has come at a cost £4.2 billionof which 2,500 million correspond to the value of the club and another 1,700 million were allocated to investments.
It is no coincidence that, just a few months after the agreement, its owners Liverpool, Fenway Sports Grouphave announced their intention to sell the club after 12 years.
The Newcastle Unitedof course, it has also recently changed handsalthough his £305m valuation is far from the figures Manchester United need to attract.
How much is Manchester United worth?
The Independent recently reported that the Glazers may try to sell all their shares for a few $6bn (£4.9bn).
That figure would far exceed what was paid for Chelsea, perhaps accurately reflecting Manchester United’s status as the most famous football club in England.
Furthermore, the number is likely to rule out some potential bidders, including many of those who joined the fray to land Chelsea in the summer.
Who could buy Manchester United?
British billionaire Sir Jim Ratcliffe He is one of the leading contenders to replace the Glazers, having submitted a bid to buy Chelsea.
Ratcliffe is a supporter of Manchester United and already has two football clubs: OGC Nice and Lausanne-Sport.
“If the club is for sale, Jim is definitely a potential buyer”a Ratcliffe spokesman said recently The times.
“If that was possible, we would be interested in talking with a view to a long-term ownership. It’s not money spent or not spent. Jim is looking at what can be done now and knows how important it is to be a club for the city , I feel like the time is right for a reboot.”
Businessman Michael Knighton he tried to buy Manchester United in 1989 and has already been linked with forming a consortium to try to take over the club.
Its owner New York Jets, Woody Johnsonand his Boston Celtics Steve Pagliucathey tried to buy Chelsea earlier this year and could also be in the running for it Red devils.
Who is Jim Ratcliffe?
If Manchester United are to get a new owner, Jim Ratcliffe is shaping up to be the most likely person to take over.
this his man 69 years old was born in the Greater Manchester area and grew up supporting it Red devils.
Ratcliffe founded the chemical company Ineos in 1998, which allowed him to amass a net worth estimated at £12 billion ($14.4 billion).
He has already expressed his interest in buying Manchester United if the opportunity presented itself and his recent last-minute bid for Chelsea shows he is willing to make the leap.
Through Ineos, Ratcliffe has already taken over two football clubs: France’s OGC Nice and Switzerland’s Laussane-Sport.
“We made some mistakes in Lausannebut we are learning fast, they have been fixed and we are already seeing the benefits”Ratcliffe said after closing a deal to buy Nice in 2019.
“Clubs need to be successful both on and off the pitch and Nice will be no different.”
“We’ve looked at a lot of clubs the way we look at businesses at Ineos – for value and potential – and Nice fits that criteria.”
Apart from football, Ratcliffe also bought The Team Sky cycling franchise in 2019, which was renamed Ineos Grenadierswhile Ineos has sponsorship deals with Mercedes AMG F1 and the All Blacks.
What did Manchester United win with the Glazers?
Although unpopular with Manchester United fans, the Glazer family’s first reign at the club was full of successes.
Indeed, only Chelsea (18) and Manchester City (14) have won more trophies among English clubs than United’s 13 since the takeover was completed.
However, only three of them have arrived after the retirement of Sir Alex Ferguson, and the club have not won the Premier League title for nine years.
