Skip to content Skip to sidebar Skip to footer

Man United owners prepared to sell Premier League club

Man United owners prepared to sell Premier League club

DOHA, Qatar (AP) ” Manchester United™s American owners confirmed Tuesday they would exist convinced by concerning putting the iconic Premier League club up for sale.

United said the Glazer family was exploring outer external outside funding to grow grow ” a go that could pave the way to a potential buyout.

As small part of this process, the board will exist convinced by concerning all planned alternatives, including new investing into the club, a sale, or other transactions involving the company, it said inside a statement.

American investing border the Raine Group has been enlisted to clasp some sale or fresh investment.

Raine earlier this year handled the sale of Premier League club Chelsea to Todd Boehly accompanied by every one one other accompanied by Clearlake Capital, successfully securing 2.5 billion pounds (USD3 billion) with every one other accompanied by a commitment of 1.75 billion pounds (USD2 billion) of further investment.

While there is no indeed indeed guarantee the Glazers will cede complete jurisdiction of United, the report will provide hope to the team™s supporters who have long-campaigned to operate not here the American family, which excessively owns the NFL™s Tampa Bay Buccaneers.

The late tycoon Malcolm Glazer bought United inside 2005 for 790 million pounds (then concerning USD1.4 billion) amid a backlash from fans.

Unrest has continued inside the following years accompanied by every one one other accompanied by inside recent times seen increasingly angry protests. A game opposed to Liverpool had to exist postponed last year following demonstrations at Old Trafford.

Sports

  • World Cup stunner: Saudi Arabia beats Messis Argentina 2-1

  • Loss for Messi accompanied by every one one other accompanied by Argentina among biggest World Cup upsets

  • Giroud, Mbappe assist France hit Australia 4-1 at World Cup

  • Ronaldo to depart from Manchester United accompanied by immediate effect

  • The ability of Manchester United rests on the passion accompanied by every one one other accompanied by loyalty of our worldwide inhabitants of 1.1 billion fans accompanied by every one one other accompanied by followers, said co-chairmen Avram Glazer accompanied by every one one other accompanied by Joel Glazer inside the statement. As we seek to convey on accompanied by building on the club™s history of success, the board has authorized a thorough evaluation of planned alternatives. We will assess all options to build sure that we finest labour for our fans accompanied by every one one other accompanied by that Manchester United maximizes the significant grow opportunities available to the club today accompanied by every one one other accompanied by inside the future.

    They added that all over the procedure we will convey on accompanied by to exist completely focused on serving the finest interests of our fans, shareholders, accompanied by every one one other accompanied by various stakeholders.

    United fans have been critical of the leveraged the natural world of the Glazers™ buyout that loaded invoice onto the club, while well while a perceived lack of investing accompanied by every one one other accompanied by the dividends taken not here by the owners.

    The club has endured a sustained hour dated of decline since the retirement of Alex Ferguson inside 2013 ” failing to go nearer earliest inside a alliance title since at that hour dated ” accompanied by every one one other accompanied by has had to watch while fierce rivals Manchester City accompanied by every one one other accompanied by Liverpool have dominated English soccer.

    United said among its plans for grow was the potential redevelopment of its Old Trafford stadium ” something supporters have lengthy called for.

    It is probable Raine would use the Chelsea sale while gauge for some valuation ” accompanied by every one one other accompanied by hope to exceed that figure for one of the most well liked sports teams inside the world.

    Jim Ratcliffe, the billionaire owner of petrochemicals firm INEOS, this month dropped his formerly held attentiveness inside buying United, inside malice of actuality a longtime fan.

    INEOS by that hour dated owns French club Nice.

    Our position has developed since the summer accompanied by every one one other accompanied by we are now focusing our efforts inside Nice accompanied by every one one other accompanied by raising our ambitions for the club to build them into a top tier club inside France to lay clasp of small portion accompanied by PSG, INEOS said inside a statement. This would symbolize a a large amount of better cost for our investing than buying one of the top tier Premier alliance clubs.

    Liverpool ” another storied Premier League club accompanied by American ownership ” is exploring similar options. Fenway Sports Group said earlier this month that it was not shut to selling shares of the club it bought inside 2010.

    ___

    AP World Cup coverage: https://apnews.com/hub/world-cup accompanied by every one one other accompanied by https://twitter.com/AP_Sports

    ___

    James Robson is at https://twitter.com/jamesalanrobson

    MasTer
    MasTer alone

    Post a Comment for "Man United owners prepared to sell Premier League club"