Advertisements
in

Glazer Family Consider Selling Football Giant – KristenBellTattoos.com

Manchester United

The Glazer family’s ownership of football giant Manchester United could end.

A note to the New York Stock Exchange yesterday confirmed that they are “exploring strategic alternatives” for the English football club, including the possibility of a sale.

Advertisements

The statement said the move was “designed to enhance the club’s future growth, with the ultimate aim of the club taking advantage of opportunities both on the pitch and commercially.”

It was examining options such as “new investment in the club, sale, or other transaction involving the company”.

The news comes in a tumultuous week for United, who parted ways with global superstar striker Ronaldo after the Portuguese gave a provocative interview on Piers Morgan’s talk TV show in the UK, where he Criticized the club’s ambitions and head coach Erik ten Hague. Arranged by Glazer Brothers.

The Glazers bought Man United in 2005 in a controversial leveraged buyout that many supporters, players and observers believe has marked a long period of underachievement at the once mighty English club.

Advertisements

The three-time Champions League winners have not won the English Premier League since 2013 and have not collected any silverware since 2017, with many pointing to a lack of investment in their famous Old Trafford stadium and training. What is indicated? Facilities While rivals such as Manchester City have the resources. It is fair to say that a lot has been spent on players, although few have been successful in the last decade.

The strategic assessment will consider “stadium and infrastructure rehabilitation, and the expansion of the club’s commercial operations globally,” the statement said.

Executive co-chairman and directors Avram Glazer and Joel Glazer said in a statement: “Manchester United’s strength rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we continue to build on the club’s history of success Wanted, the Board has authorized a thorough evaluation of strategic alternatives.

The Rhine Group, which oversaw the $5.4BN sale of United rival Chelsea to Dick Clark Productions and LA Dodgers backer Todd Buhly, is acting as United’s exclusive financial advisor and Latham & Watkins LLP is legal counsel. Rothschild and Co. Acting as exclusive financial advisor to Glazer family shareholders.

Advertisements

The statement added that the review provides “no assurance” that a sale will result and that United is unlikely to make any further statements around it unless a deal is announced or The formal process should not demand it.

While Bohly’s consortium acquired Chelsea from Russian billionaire Roman Abramovich earlier this year, American investors in the English Premier League side appear to be going the other way. Boston-based Fenway Sports Group, the owner of United’s great historic rivals Liverpool, is looking to sell and the Glazers also now appear ready to cash out and get out.

! function(f, b, e, v, n, t, s) {
if (f.fbq) return;
n = f.fbq = function() {
n.callMethod ? n.callMethod.apply(n, arguments) : n.queue.push(arguments)
}
;
if (!f._fbq) f._fbq = n;
n.push = n;
n.loaded = !0;
n.version = ‘2.0’;
n.queue = [];
t = b.createElement(e);
t.async = !0;
t.src = v;
s = b.getElementsByTagName(e)[0];
s.parentNode.insertBefore(t, s)
}(window, document, ‘script’, ‘
fbq(‘init’, ‘422369225140645’);
fbq(‘track’, ‘PageView’);

#Glazer #Family #Selling #Football #Giant #KristenBellTattoos.com

Source link

Advertisements
Advertisements

What do you think?

Leave a Reply

Your email address will not be published. Required fields are marked *

GIPHY App Key not set. Please check settings

miniature dioramas calendar tatsuya tanaka part 6 fb

105 Detailed and Fun Miniature Dioramas by a Japanese Artist Who Creates Them Every Day (New Pictures)

Michael Allio and Danielle Maltbys Relationship Timeline From Bachelor in Paradise to I Love You 506

Relationship timeline of Michael Allio of BiP and Danielle Maltby