The Glazer family, owners of Manchester United Football Club, is exploring financial options that can include the sale of the premier league club, according to a report. Fans of Manchester United have been clamouring for ownership change, and the Glazer family has been the target of harsh criticism after five years without a league trophy.
The Glazer family is preparing to announce its intention to examine several potential sources of outside investment that may include an action, the report said. The investment bankers were given instructions by the US owners of the club to provide advice on the process that could include a partial or full sale, and a strategic partnership with third parties. Manchester United did not respond immediately to a request for comment.
According to the reports, Jim Ratcliffe, a British billionaire, had expressed an interest in purchasing Manchester United. The Glazers family has bought the premier league club for 790 million pounds in 2005 in a deal that has been criticized for loading debt on the football club. Manchester United has been listed on the New York Stock since 2012.
Writing is a medium to express feelings and convey facts. A creative mind never rests in peace and this amazing platform gives me the freedom to write about what I like most.
I’ve been a writer/blogger for the last twelve years and have covered technology-related topics. However, I also have considerable years of experience in writing for various domains – Technology, Beauty, Fashion, Pharmaceutical, human psychology etc. Technology is my forte.
I’ve handled many interesting projects. Writing is my passion. As an author, I’ve learned a lot in my long journey of penning down my thoughts!
After discussions with the government, Premier League clubs have agreed to stop sponsoring their front…
Analysts reported that Novatek, a Russian natural gas producer, acquired Shell's stake in the Sakhalin-2…
The electric drivetrain of the next generation for Volkswagen's "ID" has been unveiled. Family EV.…
According to research, global egg prices are expected to remain at an all-time high until…
Ohme becomes Audi's Official UK Smart Charger Partner Ohme has been selected as Audi's new…
GM Ventures has signed a strategic agreement to develop EnergyX's lithium extraction and refinery technology,…