The board of directors Manchester Utd it announced Monday that “a process designed to promote the growth of the institution in the future” and that “it will consider all strategic alternatives, including a new investment in the club, a sale or other transactions involving company.”
“This process has been created to improve the club’s future growth with the aim of maximizing opportunities both on the pitch and commercially,” the English club said on its website.
As part of this process, the board of directors will “consider all strategic alternatives, including a new investment in the club, a sale or other transactions involving the company.”
“There will be a review of initiatives to strengthen the club, including the redevelopment of the stadium and the expansion of business operations on a global scale. This will be carried out with the aim of achieving long-term success in all divisions,” he added. .
After this, Avram Glazer Y Joel Glazer state on the club’s website: “The strength of Manchester United lies in the passion and loyalty of our community of 1.1 billion fans and supporters. As we look at the continued development here, the board of directors has authorized a comprehensive assessment of the strategic alternative.
“We will evaluate all options to maximize the growth opportunities available to the club. Throughout this process, we will remain fully focused on serving both fans, shareholders and various stakeholders,” they underlined.
Manchester United said “Raine’s group acts as exclusive financial advisor to the company, and Latham & Watkins LLP is your legal advisor, while Rothschild and Co. acting as exclusive financial advisor to the Glazer family.”
“There are no guarantees that the ongoing review will result in a transaction involving the company. Manchester Utd will not make any further announcements regarding this review unless the board approves a specific transaction or other course of action that requires a formal announcement.”
Source: La Verdad
I’m Rose Herman and I work as an author for Today Times Live. My expertise lies in writing about sports, a passion of mine that has been with me since childhood. As part of my job, I provide comprehensive coverage on everything from football to tennis to golf.
