The Clap
Manchester United (NYSE: MANU) owners, the Glazer family, are considering selling a minority stake in the club.
The Deets
The Glazers are discussing the possibility of bringing in a new investor, as the club’s infrastructure, training facilities, stadium, and poor signings are all affecting fans’ attitudes towards the current owners.
The potential to sell a small stake in United could eventually open the door for the Glazers family to exit from the club’s ownership.
Nothing Official
The discussions taking place are still in the very early stages, and there is no certainty of any deal taking place at the moment. The club could be valued at around $6 billion.
Billionaire chemical engineer and businessman Jim Ratcliffe has expressed interest in buying Manchester United.