The Glazer family’s ownership of football giant Manchester United could be set to end. A note to the New York Stock Exchange yesterday confirmed they are expiring “strategic alternative…
could be set to end.
The statement said the process was “designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.” The Glazers bought Man United in 2005 in a controversial leveraged buy-out that many supporters, players and commentators believe has contributed to a prolonged period of underachievement at the once mighty English club.
The statement noted the strategic assessment will look at “stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale.”
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