The Glazer family, which owns the club, has decided to sell its entire stake in Manchester United. According to the media Daily Mail, the Glazer family expects to sell their entire shares this year. In the meantime, British billionaire Sir Jim Ratcliffe has expressed interest in buying the club. The auction process for the sale of Manchester United will officially begin in three weeks.
In November last year, the English club Manchester United said in a statement that the club has started the process of finding their strategic options. As part of that process, all strategic options will be considered, including new investments, sales or other transactions involving the company. The authorities say that such a move is to advance Manchester United on the field and commercially. This time, the club’s owners, the Glazer family, will officially sell their entire stake, said in a statement.
According to the Daily Mail, the Glazer family hopes to sell their entire stake this year. The Glazer family are reportedly seeking £8 billion for the sale of Manchester United, which they are unwilling to negotiate on.
Meanwhile, British billionaire Sir Jim Ratcliffe has shown interest in buying Manchester United. Earlier he also showed interest in buying Chelsea. But in the end, Ratcliffe could not succeed in that attempt. It is heard that the auction process for the sale of Manchester United is going to start officially in three weeks.