Manchester United is reportedly for sale following Cristiano Ronaldo’s departure from the club.
The billionaire Glazzer Family, worth an estimated $4.7 billion in a statement announced the sale of Manchester United yesterday that they would consider selling the club to other investors, even through a full-blown auction.
Most of the team’s fans are happy, as many had protested against the Glazzers family’s poor and diminished performance throughout their 17-year ownership of the club.
United won the championship on a regular basis in the 1990s and 2000s, but their latest victory came in 2013. Last season, it finished sixth with the fewest points in Premier League history.
It had been over 9 years since the team had won an English Premier League (EPL) title until they lifted the Europa League on May 17, 2017, led by Jose Mourinho, in which they defeated Ajax in the final of the UEFA competition.
According to the Glazzers’ family, Man United, which is worth at $4 – $7 billion and is the third-most valuable soccer club in the world, will not be sold in full to investors living outside the country.
Despite years of underperformance, United remains a top asset in the soccer world, and it has already attracted investors interested in taking over the club following Glazer’s announcement.
The Raine Group, Sir the Dubai Sovereign Wealth Fund, and the founder of Ineos Group Jim Ratcliffe who worth over $13 billion have been speculated to take over as the new owner of Manchester United if the Glazers Family decides to sell the club.