Manchester United’s owners announced their intention to explore the sale of the iconic club, saying a “process to explore strategic alternatives” had begun
Manchester United’s owners announced their intention on Tuesday to explore the sale of the iconic club, saying a “process to explore strategic alternatives” had begun. Those alternatives could include the total sale of the club by the Glazer family, who took control of Manchester United in 2005. “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,” said a United statement.
” United confirmed that the Raine Group is acting as financial adviser to the Glazer family, while Latham and Watkins LLP is legal counsel to the company. Rothschild and Co. is acting as financial adviser to the family shareholders. United is a rarity in the world of sports and finance. It’s one of the few publicly traded major sports franchises, but there are some others.
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