The Glazer family are seeking an outside investment that could lead to the sale of Manchester United.
According to Sky News, the American owners are prepared to sell the club and an official statement is imminent.
The report further mentions that the search for new investment may end up with ‘a full-blown auction’.
The billionaire family took over the club 17 years ago but failed to gather the support of the majority of fans.
Undoubtedly, the Red Devils have declined steeply over the past decade.
Sir Alex Ferguson’s retirement in 2013 played a massive role in their downfall but so did poor ownership of the Glazer family.
Since 2013, United have failed to mount a serious title challenge. They bagged their last silverware five years ago. It’s a prolonged drought for a club as big as Man United.
They have been readily criticised for not investing in the club, especially in the areas related to the infrastructure.
They have also been targeted for pulling money out of the club’s profits to line their own pockets in the form of dividends.
If the Glazers confirm their intention to sell United, it would be an interesting time for English football.
Earlier this year, Chelsea were sold to the consortium led by American businessman Todd Boehly after Roman Abramovich was hit by sanctions by the UK government.
Fenway Sports Group, the owners of Liverpool, are also interested in selling the Merseyside club.
The Premier League is arguably the most popular league in the world.
The United owners are hoping to cash in on the high valuations and exit with huge profits in their pockets.
The Glazers are barely interested in football, and selling the club in today’s inflated market makes plenty of business sense.
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