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Nov 23, 2022 · With the Glazer family saying they are considering selling Manchester United, BBC Sport looks at what happens now at Old Trafford.
- Manchester United owners Glazers consider selling Premier ...
Manchester United's owners the Glazer family say they are...
- Manchester United owners Glazers consider selling Premier ...
- Overview
- What are the potential outcomes?
- Liverpool and Manchester United both for sale simultaneously?
- Analysis: 'Football royalty is up for grabs'
- Analysis: 'A huge development at Manchester United'
The Glazer family are open to selling Manchester United.
The American owners of Man Utd are willing to listen to offers for the club after a 17-year reign dominated by fan protests and declining on-pitch performance.
If the club - valued at around £5bn - is sold, it is expected to be purchased by US investors.
A Manchester United statement confirmed plans to identify "strategic alternatives" and said the process will consider a number of options "including new investment into the club, a sale, or other transactions involving the company".
Sky News had earlier exclusively revealed the Glazer family were preparing to announce their intention to examine potential sources of outside investment that could include a full-blown auction of arguably the world's most famous football club.
•Ronaldo interview reveals his failure to accept his own decline
It remains possible the Glazer family, which took control of United in 2005 in a £790m deal largely funded by debt, opt not to sell.
A partial sale to new investors, with capital being raised to fund an overdue redevelopment of Old Trafford, is one potential outcome from the process.
The Glazers have acknowledged the need for new infrastructure investment to transform the stadium into a genuinely world-class venue, while substantial funds are also required to enable the men's team to compete once more at the top of the European game.
United's valuation in a sale would inevitably exceed the roughly $2.15bn market capitalisation implied by their share price during Tuesday's trading session on the New York Stock Exchange.
Image: Manchester United supporters at Old Trafford hold up a banner that read 'Glazers Out' on the stands in April
Reports in recent months have speculated any transaction would need to value the club at anywhere between £5bn and £9bn to persuade the owners to sell.
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Football finance expert Kieran Maguire claims Fenway Sports Group could be set to make up to a 14 times return on their investment in Liverpool if they decide to sell the club
Significantly, the prospective auction of Manchester United comes as Fenway Sports Group, the owner of Liverpool, also weigh up selling all or part of the club.
Simultaneous sale processes for two of English football's so-called 'big six' - the others being Arsenal, Chelsea, Manchester City and Tottenham Hotspur - would be unprecedented.
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Sky Sports News senior reporter Melissa Reddy:
"Man Utd are exploring new investment, including an outright sale.
"Now that means the Glazer ownership, 17 years of their stewardship, which has been marked by declining on-pitch performances, could be coming to its end.
"Now what is quite instructive is the Raine Group. They are the exclusive financial advisors for this potential sale. They were also tasked with canvassing interest in Chelsea and I'm told that the fact Chelsea fetched £4.25bn in what was a forced sale. Remember the circumstances when Roman Abramovich was sanctioned and the club needed to be sold, yet Chelsea were still able to get that valuation.
"United feel they are a superior asset and would command a lot more money than Chelsea did.
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Sky Sports News reporter Ben Ransom:
"It is a huge development when you consider the fact that the Glazers, in their time since they took over in 2005, have always said when asked that they are completely committed to this Manchester United ownership model, and are committed to the future.
"When you consider that just up the M62 it is a similar situation at Liverpool - two American ownership models potentially looking to move the clubs on - it's a pretty remarkable moment.
"And it's a real insight, I guess, into how they perceive the future and potential future difficulties of challenging at the top of the Premier League".
Oct 15, 2023 · The Glazer family are looking to sell Manchester United or bring in outside investment. Here's the latest news following the final deadline for bids.
Oct 15, 2023 · Manchester United owners the Glazer family are approaching a crucial call on their decision to stay or sell the club in 2023.
Nov 23, 2022 · It's nearly 20 years since the American tycoon Malcolm Glazer bought his first stake in Manchester United - now his family's controversial tenure at the club could finally be coming to an end.
Aug 14, 2023 · 14 Aug 2023. Manchester United kick off their Premier League season by playing the Wolves at home on Monday amid lingering uncertainty over the club’s future as a sale process announced by the...
Nov 22, 2022 · Manchester United's owners the Glazer family say they are considering selling the club as they "explore strategic alternatives". The Americans bought the club for £790m ($1.34bn), external in...
