Free of toxic assets, Manchester United goes on sale
Manchester United is finally free of its most toxic asset, Cristiano Ronaldo, and may soon be free of the club’s widely-hated American owners.
The club is on sale. Shares up 17% on the news, adding almost US$400 million (14.5 billion baht) to the club’s value and Glazer’s investment.
The Glazer family, American owners of the club, will listen to offers after a 17-year reign characterised by fan anger and declining performance.
A Manchester United statement said Glazers will consider a number of options “including new investment into the club, a sale, or other transactions involving the company.”
Executive co-chairmen and directors Avram Glazer and Joel Glazer released a joint statement saying…
“The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the club’s history of success, the Board has authorised a thorough evaluation of strategic alternatives.”
With, according to the Glazers, 14% of the world’s people supporting Manchester United, buyers should not be hard to find.
If only they had made this move a year ago, club reject Ronaldo (CR7) would not have been forced to endure such traumatic abuse at the hands of distant investors not much interested in his family affairs. In what may turn out to be some of the hard-hearted Glazers’ final acts of support for their beloved club, Old Trafford’s most toxic asset has been disposed of safely and at minimal cost to fans.
The cub was only recently declared CR7-free, paving the way for new money flow into the “Old Trafford of Threadneedle Street,” a title hard-won by the club’s financial reserves.
The third World Cup is now taking place since United last won the Premier League title in 2013.
