The Glazer family’s ownership of football giant Manchester United could be set to end. A note to the New York Stock Exchange yesterday confirmed they are expiring “strategic alternatives” for the English football club, including the possibility of selling up.
The statement said the process was “designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.” It was assess options such as “new investment into the club, a sale, or other transactions involving the company.” The news comes in a turbulent week for United, which has parted ways with global superstar striker Ronaldo after the Portuguese player gave an inflammatory interview to Piers Morgan’s Talk TV show in the UK, where he criticized the club’s ambition and head coach Erik ten Hag and the Glazer brothers’ management.
The Glazers bought Man United in 2005 in a controversial leveraged buy-out that many supporters, players and commentators believe has contributed to a prolonged period of underachievement at the once mighty English club.Read more on deadline.com
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