The Glazer Family, who have owned Manchester United for 17 years, may decide to sell the club, which would have an effect on Arsenal, Chelsea, and Tottenham Hotspur.
The Glazer family, who own Manchester United, will soon reveal their plans to look into potential outside sources of funding that could result in the club being sold.
The Glazer family has controlled United for 17 years, however United supporters frequently demonstrate against their ownership of the team.
According to Tuesday’s Sky News report, Manchester United‘s owners had asked investment bankers for advice on the process, which is likely to involve a full or partial sale, as well as a strategic partnership with outside parties.
Only a few hours have passed since it was revealed that Cristiano Ronaldo’s contract with Manchester United had been mutually terminated before the Glazers’ report of a prospective sale.
In the past month, Liverpool’s owners Fenway Sports Group, FSG, have also effectively put the team up for sale after declaring their willingness to look for new investment opportunities in the team. Since that time, a number of potential new owners have come to light.
There have been concerns expressed about the World Cup’s official attendance estimates because so many seats are empty.
For a number of years, Liverpool and Manchester United supporters have protested against their respective owners, citing a lack of significant investment in transfer funds as the primary cause. But as possible new owners consider leading an overhaul like to what Todd Boehly has done at Chelsea, both teams may soon require significant investment.
If United and Liverpool acquire new investment groups that will probably seek for immediate success, Mikel Arteta and Antonio Conte, who both appear to have support, can now more convincingly argue that their first-team squads need to be invested in.
In their second key club statement of the day, Manchester United laid out their goals for the club’s exploration of possible strategies.
A statement was made by the club on their official website: “The process is designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities 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.”
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer, said: “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 authorized a thorough evaluation of strategic alternatives.
“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”