Manchester United’s owners on Tuesday said they were ready to sell the club after revealing they were letting star player, Cristiano Ronaldo go with “immediate effect.”
This announcement puts an end to a 17-year rule under the Glazer family following weeks of tumult after Ronaldo’s controversial interview with TalkTV.
Just hours after the news of Ronaldo’s contract being terminated by mutual agreement and bringing an end to his second spell at Old Trafford, the news that the US-based Glazer family could be on their way out filled the airwaves.
“The board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the company,” United said in a statement.
The Glazers have been unpopular with supporters ever since a £790 million ($934 million) leveraged takeover in 2005 burdened the club with huge debts.
Frustration towards the Americans has only grown during a nine-year decline in results on the pitch since Alex Ferguson’s retirement as a manager in 2013.
Since Ferguson left in 2012/2013, the he Red Devils are yet to win a Premier League title and have failed to win any trophy since 2017.
They currently sit fifth in the Premier League, 11 points behind leaders Arsenal.
“We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the club today and in the future,” added Avram and Joel Glazer, the club’s executive co-chairmen and directors.
The statement also recognised the need for investment in stadium redevelopment.
Old Trafford remains the largest club stadium in England with a capacity of 74,000 but is yet to have a significant upgrade since 2006, which were revealed by RonaldoI his interview with Piers Morgan.
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