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Glazers Exploring Manchester United Sale

Glazers Exploring Manchester United Sale

Premier League club, Manchester United, could become the next English side to change hands after owners, the Glazer family, announced it would seek strategic alternatives for the club.

The Glazers, who also own NFL franchise, the Tampa Bay Buccaneers, have owned the club since 2005, when Malcolm Glazer took over the team after being a minority owner.

Commenting on the club’s future, the team said in a statement: “As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company.”

“This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders,” it said.

In a joint statement, co-chairmen, Avram and Joel Glazer, added: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers.”

“As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives.

“We will evaluate all options to ensure that we best serve 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,” they said.

The sale of the club has been a hot topic among supporters in recent years, with the takeover bid being heavily financed by loans with high interest rates, which resulted in large annual debt repayments.

Additionally, the news of Manchester United’s potential sale comes weeks after Fenway Sports Group announced that they are looking into the sale of rivals, Liverpool FC.

Late last month, the 20-time league champions announced the appointment of Polly Bancroft as the club’s head of women’s football.

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