Manchester United owners, the Glazer family, could finally sell the club after 17 years in charge.
According to reports, this is because of fan protests and declining performances on the pitch.
The Glazer family is expected to formally announce its intention to examine potential sources of outside investment, which could include a full-blown auction.
Sources have claimed investment bankers were being instructed to advise on the process, which is likely to include a full or partial sale, or strategic partnership with third parties.
Manchester United’s share price immediately rose by 17% as a result, adding almost $400m to the club’s market capitalisation, according to football finance expert Kieran Maguire.
This news comes on the same day the club terminated Cristiano Ronaldo’s contract.
The club has decided to part ways with the 37-year-old following his explosive interview with Piers Morgan, in which he criticized the club and manager Erik ten Hag
News6 days ago
Only three states generate more IGR than FAAC allocations — Dr. Ayawei
National7 days ago
The FG disqualifies all 32 nominated candidates for the 2022 Merit Award.
Health7 days ago
Team Takes Campaign to Streets and Schools to Educate People on Proper Use of Antibiotics
Gist3 days ago
EX Niger Delta Agitator Boyloaf Marries Olivia, Widow Of Late Gov
News4 days ago
2023: Mimiko’s Camp Suspected of Split, Loyalists Attend PDP Rally in Ondo
World News4 days ago
Prince William’s godmother, Lady Susan Hussey resigns from Buckingham Palace role after making ‘unacceptable’ comments towards charity founder, Ngozi Fulani
News4 days ago
Police arrest phone thief weeks after rescue from lynching in Lagos
Politics6 days ago
Ojukwu is crucial in the 2023 election —Bianca