According to financial expert Kieran Maguire, Manchester United is essentially up for sale; the club’s market capitalization increased by over £336.4 million ($400 million) after the revelation.
After a 17-year rule marked by fan protests and deteriorating on-field performance, Man Utd’s American owners are open to receiving bids for the team.
According to Kieran Maguire, a football finance expert, Manchester United’s share price increased by 17% as a result, raising the club’s market capitalization by around $400 million (£336.4 million).
The Raine Group, who made it possible for Chelsea to be sold during the summer, is serving as United’s only financial advisor, while Rothschild and Co. is serving as that advisor to the Glazer family shareholders.
The disclosure of an assessment of financial options, which may include a selling process, would put an end to years of rumors about whether the Glazers might be convinced to sell a team that has suffered an almost continuous slide in football over the past ten years.
Since Sir Alex Ferguson’s retirement, United has not won the Premier League championship and has fired a string of managers.
More recently, the club has been involved in a legal battle with Cristiano Ronaldo after an interview in which he criticized the Glazers’ ownership style and questioned United’s desire.