Manchester United’s American owners The Glazers Family have revealed that they have considered selling the club in case they get the right offer.
United said the Glazer family was exploring outside funding to enhance growth — a move that could pave the way to a potential buyout.
“As part of this process, the board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company,” it said in a statement.
American investment bank the Raine Group has been enlisted to handle any sale or fresh investment.
Raine earlier this year handled the sale of Premier League club Chelsea to Todd Boehly and Clearlake Capital, successfully securing 2.5 billion pounds ($3 billion) plus a commitment of 1.75 billion pounds ($2 billion) of further investment.
The move also comes after the family was listed this year as the worst owners in the premier league.
In a survey of around 10,500 people conducted by Nick Harris of the Sunday Mail, the American businessmen, who own the Red Devils scored an approval rating of 4.04%, the lowest score among the list of 20 Premier League Clubs.
A summary of best owners as voted for by fans of each current PL club
🧵 25/n pic.twitter.com/sMRylyLSrz
— Nick Harris (@sportingintel) March 26, 2022
It also comes at a time when one of their best players, Christiano Ronaldo has come out to reveal how the club is disoriented and not focused on winning.
Ronaldo is set to leave Manchester United by mutual agreement, with immediate effect. The club thanked him for his immense contribution across two spells at Old Trafford following his controversial interview with Piers Mogan.