Reuters reports that on Tuesday (22 November) Manchester United It begins the process of exploring strategic alternatives. This includes reinvesting or selling after the American Glazer family acquired the football club 17 years ago.
said the Glazer family club It is working with financial advisers in the process, which could lead to a partial sale of the club. Old Trafford (Old Trafford) this or investment, which includes the stadium. and developing new infrastructure improvements
Manchester United fans are unhappy with the change of ownership. And the Glazer family have been the target of criticism and after five years the team has not won any trophies. by the recently received trophy It was a victory in the Europa League and the League Cup in 2017.
In August, British billionaire Jim Ratcliffe expressed interest in buying Manchester United, and although Elon Musk still jokingly plans to do so.
Previously, Asian billionaires especially the Chinese have bought a European team in recent years, including Wolverhampton Wanderers Football Club England and Italy’s Inter Milan.
However, football clubs will not be an attractive asset for China. and large foreign acquisitions May not be suitable at this time. because they are facing the problem of COVID 19 causing general uncertainty to the economic situation
The owner of this football club is under pressure Cause in the season, this game in the Premier League is half way through. The club is still fifth and still has to stop the competition first. of the World Cup in Qatar
Manchester United’s share price rose by around 20% after it was first reported by Sky News. Bringing the club’s market value to $2.6 billion.
Trading Tuesday on the US stock market. The company is valued at US$2.5 billion. It used to peak at $4.3 billion in 2018.
Glazer family Bought this club for £790 million or $939.07 million in 2005.
The club has been listed on the New York Stock Exchange since 2012, when the Glazer family sold 10% of its shares through a listing and sold more shares afterwards
Raine Group is financial adviser and Latham & Watkins LLP is legal adviser to Manchester United.
Rothschild and Co. to the Glazer family. who is a shareholder
