Glazer family

Glazer Family Say They are Open to Selling Manchester United

The Glazer family are open to selling Manchester United.

The American owners are willing to listen to offers for the club they bought in a controversial leveraged buyout 17 years ago. If the club is sold, it is expected to be purchased by US investors.

As reported by SkySports, a Manchester United statement confirmed plans to identify “strategic alternatives” and said the process will consider a number of options “including new investment into the club, a sale, or other transactions involving the company”.

Sky News had earlier exclusively revealed the Glazer family were preparing to announce their intention to examine potential sources of outside investment that could include a full-blown auction of arguably the world’s most famous football club.

Manchester United’s share price immediately rose by 17 per cent as a result, adding almost $400m (£336.4m) to the club’s market capitalisation, according to football finance expert Kieran Maguire.

The announcement of a review of financial options that could include a sale process would signal an end to years of speculation over whether the Glazers might be persuaded to offload a club which for the past decade have experienced an almost-unmitigated footballing decline.

United have not won the Premier League title since 2013, and have sacked a succession of managers in the aftermath of the retirement of Sir Alex Ferguson.

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