Manchester United Confirm Process To Explore Strategic Alternatives

Following on from a Sky News exclusive earlier this evening, Manchester United have announced they are exploring investment alternatives.

The news can be seen below;

Club statement on a process to explore strategic options for Manchester United.#MUFC

— Manchester United (@ManUtd) November 22, 2022

The statement outlines the process.

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

“The process is designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalise on opportunites both on the pitch and commercially.

“As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company.

“This will include as assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expanison of the club’s commercial operations on a global scale.”

Executive Co-Chairman and Directors, Avram Glazer and Joel Glazer have said the following;

“The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers.

“As we seek to continue building on the Club’s history of success, the board has authorised a thorough evaluation of strategic alternatives.

“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximises the significant growth opportunites available to the club today and in the future.”

Kaveh Solhekol of Sky Sports states that US investors looks the most likely scenario.

Manchester United are for sale.
Glazer family willing to listen to offers for the club they bought in a controversial leveraged buyout 17 years ago. Expectation if club is sold, it will be to US investors.

— Kaveh Solhekol (@SkyKaveh) November 22, 2022

Manchester United announce club is effectively for sale. Company’s exclusive financial adviser is New York based The Raine Group. They marketed the sale of Chelsea earlier this year on behalf of Roman Abramovich. United valued at about £5 billion.

— Kaveh Solhekol (@SkyKaveh) November 22, 2022

The club is said to be valued at £5 billion.

Stay tuned on United Flying High for all the latest on this developing story.

Who do you think should buy Man United if they are sold by The Glazers? Let us know down below.