The owners of Manchester United FC are studying their sale

The club of Old Trafford on sale. The American Glazer family, which owns Manchester United FC and other professional teams such as the Tampa Bay Buccaneers, which plays in the National Football League (NFL), is studying the sale of the club. The amount for which the current owners would be willing to sell the professional soccer team has not been disclosed. In 2005 they bought it for £790 million. (913 million euros).

The club has issued a statement in which it has announced that “a process for exploring strategic alternatives and that the process is designed to enhance the club’s future growth, with the aim of positioning it to capitalize on opportunities, both on the pitch and commercially.”

The sale of the club is not the only proposal that the board of directors is considering, since it could accept new investments or other transactions that involve the company. The owners intend to initiate the redevelopment of the stadium and infrastructure and the expansion of the club’s commercial operations on a global scale.

Avram Glazer and Joel Glazer, CEOs of the entity, have assured that “while we seek to continue building the club’s success story, the board of directors has authorized an exhaustive evaluation of strategic alternatives.”

The Premier League club closed the 2021-2022 season with losses of 115.5 million pounds (132.1 million euros), which represents an increase of 25.3% in the negative result compared to the previous season. The club could not avoid losses despite increasing its income by 18%, up to 583.2 million pounds (667.2 million euros).

For him fiscal year 2022-2023, the club expects to generate revenue between 580 million pounds (663.5 million euros) and 600 million pounds (686.4 million euros), while it estimates that the gross operating result (ebitda) will be between 100 million (114.4 million euros) and 110 million (125.8 million euros) of pounds.

Founded in 1878, Manchester United FC is one of the most historic clubs in Europe and one of the most successful in the Premier League, with twenty titles. He has also won two Champions League, twelve FA Cup, one Club World Cup, one Uefa Europa League and twenty-one Community Shield, among other minor trophies.

This news adds to the recent departure of Cristiano Ronaldo from the team net. In this way, the Portuguese player ends his second spell at the Manchester club, where he has played for the last fourteen months. After making both news public, the English team’s stock market price has risen by 15%.

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The owners of Manchester United FC are studying their sale