Wednesday, April 2, 2025

Glazer family set to sell ManU

Date:

Share post:

DOHA, Nov 23: Manchester United’s American owners confirmed Tuesday they would consider putting the iconic Premier League club up for sale.
United said the Glazer family was exploring outside funding to enhance growth — a move that could pave the way to a potential buyout.
“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,” it said in a statement.
American investment bank the Raine Group has been enlisted to handle any sale or fresh investment.
Raine earlier this year handled the sale of Premier League club Chelsea to Todd Boehly and Clearlake Capital, successfully securing 2.5 billion pounds ($3 billion) plus a commitment of 1.75 billion pounds ($2 billion) of further investment.
While there is no guarantee the Glazers will cede complete control of United, the news will provide hope to the team’s supporters who have campaigned to drive out the American family, which also owns the NFL’s Tampa Bay Buccaneers.
The late tycoon Malcolm Glazer bought United in 2005 for 790 million pounds (then about $1.4 billion) amid a backlash from fans.
Unrest has continued in the following years and in recent times seen increasingly angry protests. (AP)

Related articles

Most draconian Waqf section 40 to be done away with: Kiren Rijiju

New Delhi, April 2: Union Minister for Minority Affairs Kiren Rijiju on Wednesday said the Waqf (Amendment) Bill,...

Preserve high-yielding native crop varieties: TERI DG

Guwahati, April 2: “High-yielding native crop varieties suitable for this region should be preserved and cultivated for the...

‘Today’s voting on bill will decide which party is secular’, Kapil Sibal slams govt on Waqf

New Delhi, April 2:  Former Law Minister Kapil Sibal went all guns blazing against the Centre over the...

Two women Maoists killed in encounter near tiger reserve in MP

Bhopal, April 2: Two Maoists have been neutralised in a major encounter near the Kanha Tiger Reserve in...