The owners of Manchester United have confirmed that they are considering selling the football club.
MOSCOW, November 23 – RIA Novosti. Manchester United’s board began the process of exploring strategic development options, including sales. reported on the website of the football club.
The statement noted that the process is aimed at ensuring the future growth of the club so that it can benefit both on the field and in the commercial sector. The Board of Directors will consider all strategic options, including new investment, sale or other deals to the club. Various initiatives to strengthen the club will be considered, including rebuilding the stadium and infrastructure and expanding commercial operations.
Shares of Manchester United rose 17% to $13.10 after the management announcement, according to Express.co.uk.
Glazers bought Manchester United for $1.34 billion in 2005. Since then, the Red Devils have won the English Premier League five times, won four League Cups and six FA Super Cups, won the Champions League and played in the tournament’s final twice. This season of the Premier League, the team is fifth in the standings after 14 weeks.
Manchester United fans have been against the Glazers for years. In May 2021, United fans infiltrated Old Trafford before their Premier League game against Liverpool. They lit torches and sang hymns on the pitch of their stadium.
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