The owners of Manchester United have announced that they are ready to sell the club.
The club, owned by the Glazers, announced that they started “a process of exploring strategic alternatives to enhance the growth of the club.” As part of this process, the Board of Directors will consider all strategic alternatives, including new investments in the club, a sale of the club or other transactions.
There are several initiatives to strengthen the club, including the redevelopment of Old Trafford and infrastructure, and the expansion of commercial operations.
The club explained that this does not guarantee that any deal, including the sale, will be made.
The Glazers bought United in 2005 for £790 million. Now the market cap of the club is approximately $2.15 billion (£1.81 billion).