Iconic Premier League club explores strategic options, including a potential sale.

The Glazer family, owners of Manchester United, have announced they are considering selling the Premier League club as part of a strategy to explore new investment opportunities. In a statement released on Tuesday, the club confirmed that all options, including a full sale, are being reviewed to maximise growth and enhance its global presence.

To facilitate this process, the American investment bank Raine Group has been appointed to oversee potential transactions. Raine recently managed the £2.5 billion sale of Chelsea FC to Todd Boehly and Clearlake Capital, a deal that included an additional £1.75 billion commitment for future investments.

Although it remains uncertain if the Glazers will relinquish full control, the announcement brings hope to fans who have long protested against the family’s ownership, citing debt-loaded financing, inadequate investment, and dividend withdrawals. The late Malcolm Glazer acquired the club in 2005 for £790 million, sparking unrest that has intensified over the years.

In 2021, demonstrations against the Glazers led to the postponement of a match against Liverpool at Old Trafford. Supporters have also called for the redevelopment of the stadium, which the club is now considering as part of its growth plans.

Co-chairmen Avram and Joel Glazer highlighted the importance of the club’s global fanbase in their statement: “The strength of Manchester United rests on the passion and loyalty of our 1.1 billion fans worldwide. The board will evaluate all strategic alternatives to best serve our fans, shareholders, and stakeholders while ensuring the club capitalises on growth opportunities.”

The club has struggled to regain its former dominance since Sir Alex Ferguson’s retirement in 2013, with Manchester City and Liverpool becoming the dominant forces in English football.

While Manchester United explores its future, billionaire Jim Ratcliffe, owner of petrochemical company INEOS, has stepped back from his interest in purchasing the club. INEOS, which owns French club Nice, stated it is focusing on elevating Nice to compete at the top level in France.

Liverpool FC, another historic Premier League club with American ownership, is also considering selling shares to attract new investment. Fenway Sports Group, which purchased Liverpool in 2010, recently expressed openness to exploring similar options.

Raine Group is expected to use the Chelsea sale as a benchmark for Manchester United’s valuation, which could surpass the record-breaking deal. For fans and stakeholders, the decision marks a potential turning point in the club’s history.