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Manchester United owners consider sale of club
Statement from US-based Glazer family says it was commencing a process to explore strategic alternatives, including a new investment or a potential sale,
Manchester United's Wayne Rooney lifts the trophy as Manchester United players celebrate their victory after the English League Cup final in 2017. The club hasn't won a trophy after 2017. — AFP file
The owners of Manchester United said on Tuesday they were open to selling the English football giants.
A statement issued by Manchester United plc said: "The board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company."
The US-based Glazer family have owned United for 17 years but their reign has been marked by declining on-field performance and repeated fan protests.
Fans of the team have been clamouring for a change of ownership and the Glazers have been the target of intense criticism after five years without a trophy.
“As we seek to continue building on the Club’s history of success, the Board has authorised a thorough evaluation of strategic alternatives,” the company said in a statement.
Glazers bought the club for 790 million pounds ($939.07 million) in 2005 in a highly leveraged deal which has been criticised for loading debt onto the club. United has been listed on the New York Stock Exchange since 2012.
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