DOHA, Qatar — Manchester United’s American owners verified Tuesday they would thinkabout putting the renowned Premier League club up for sale.
United stated the Glazer household was checkingout outside financing to boost development — a relocation that might pave the method to a possible buyout.
“As part of this procedure, the board will thinkabout all tactical options, consistingof brand-new financialinvestment into the club, a sale, or other deals including the business,” it stated in a declaration.
American financialinvestment bank the Raine Group hasactually been employed to manage any sale or fresh financialinvestment.
Raine earlier this year managed the sale of Premier League club Chelsea to Todd Boehly and Clearlake Capital, effectively protecting 2.5 billion pounds ($3 billion) plus a dedication of 1.75 billion pounds ($2 billion) of additional financialinvestment.
While there is no warranty the Glazers will deliver total control of United, the news will offer hope to the group’s fans who have long-campaigned to drive out the American household, which likewise owns the NFL’s Tampa Bay Buccaneers.
The late magnate Malcolm Glazer purchased United in 2005 for 790 million pounds (then about $1.4 billion) amidst a reaction from fans.
Unrest has continued in the following years and in current times seen progressively mad demonstrations. A videogame versus Liverpool had to be heldoff last year following presentations at Old Trafford.
“The strength of Mancheste