Manchester United say the membership might be offered as a part of starting a course of to “discover strategic alternate options”.
The membership launched a press release on Tuesday detailing the steps which have already been taken, which have concerned appointing the Raine Group because the membership’s monetary advisor and Latham & Watkins as authorized counsel.
The membership mentioned the method had been begun “within the context of enhancing the long-term success of the membership’s males’s, ladies’s and academy groups”.
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In addition to a sale, United mentioned that stadium improvement of Outdated Trafford and new funding have been amongst different choices on the desk.
Increasing on why that they had made their resolution to begin the “course of”, the membership mentioned: “The method is designed to boost the membership’s future development, with the final word aim of positioning the membership to capitalize on alternatives each on the pitch and commercially.
“As a part of this course of, the Board will take into account all strategic alternate options, together with new funding into the membership, a sale, or different transactions involving the Firm.
“This may embody an evaluation of a number of initiatives to strengthen the membership, together with stadium and infrastructure redevelopment, and growth of the membership’s business operations on a world scale, every within the context of enhancing the long-term success of the membership’s males’s, ladies’s and academy groups, and bringing advantages to followers and different stakeholders.”
The transfer might subsequently sign the top of the membership’s Glazer household possession, 17 years after the American household took over.
Avram Glazer and Joel Glazer launched a joint assertion, wherein they wrote: “The energy of Manchester United rests on the eagerness and loyalty of our world neighborhood of 1.1 billion followers and followers.
“As we search to proceed constructing on the Membership’s historical past of success, the Board has licensed an intensive analysis of strategic alternate options.
“We’ll consider all choices to make sure that we finest serve our followers and that Manchester United maximizes the numerous development alternatives out there to the Membership immediately and sooner or later.
“All through this course of we are going to stay absolutely centered on serving one of the best pursuits of our followers, shareholders, and varied stakeholders.”
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