Man Utd close to announcing American owners are exploring financial options that could include an outright sale, Sky News learns; United share price up 17 per cent straight after the news, adding almost $400m to the club’s market capitalisation according to finance expert Kieran Maguire
Manchester United could finally be sold by its American owners after a 17-year reign dominated by fan protests and declining on-pitch performance.
Sky News can exclusively reveal the Glazer family is preparing to formally announce its intention to examine potential sources of outside investment that could include a full-blown auction of arguably the world’s most famous football club.
Sources said on Tuesday investment bankers were being instructed by Manchester United’s owners to advise on the process, which is likely to include a full or partial sale, or strategic partnership with third parties.
A statement confirming their intentions could come imminently, one of them said.
Manchester United’s share price immediately rose by 17 per cent as a result, adding almost $400m to the club’s market capitalisation, according to football finance expert Kieran Maguire.
