MADRID, 23 Nov. (EUROPA PRESS) –
Manchester United announced on Tuesday that it has started a process “designed to boost the growth of the institution in the future” and in which it will consider all “strategic alternatives”, including a possible sale.
As indicated by the English team in a statement, “this process has been created to improve the future growth of the club with the aim of capitalizing on opportunities both on the pitch and commercially.”
“As part of this process, the Board of Directors will consider all strategic alternatives, including a new investment in the club, a sale or other transactions involving the company,” added the triple European champion.
To do this, United will carry out an evaluation of initiatives to strengthen itself, such as the remodeling of Old Trafford and the expansion of commercial operations on a global scale. “This will be done in an effort to achieve long-term success in all divisions,” he warned.
“Manchester United’s strength rests in the passion and loyalty of our community of 1.1 billion fans and supporters. As we look to continue to build on this, the Board of Directors has authorized a comprehensive assessment of strategic alternatives,” said Avram and Joel Glazer, owners of the club since 2005.
The American businessmen want to evaluate “all options to maximize the growth opportunities available to the club.” “Throughout this process, we will remain fully focused on serving both fans, shareholders and various stakeholders,” they added.
There are no guarantees that the review being conducted will result in a transaction involving the company. Manchester United will not make any further announcements about this review unless the board approves a specific transaction or other course of action that requires a formal announcement.