Sunday , November 27 2022
Avram Glazer and Joel Glazer, the Co-Chairmen of Manchester United (Image: Getty Images)

Manchester United owners the Glazers announce club is for sale and confirm next steps

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Manchester United has been put up for sale – the club’s owners the Glazer family have confirmed.

Reports emerged earlier on Tuesday that the Glazers had begun the process of seeking outside investment, either as a partial sale or a full-scale takeover – on the same day the club terminated the contract of Cristiano Ronaldo. A statement issued by the Glazers to the New York Stock Exchange has clarified the reports and confirmed the next steps the club are taking in the process.

The statement read: ” Manchester United plc, one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.

About Charles Igbinidu

Charles Igbinidu is a Public Relations practitioner in Lagos, Nigeria

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