Manchester United set for sale to enhance club growth

Hours after the confirmed exit of Cristiano Ronaldo, Manchester United is set for sale as part of an alternative to enhance the club’s growth.

Through a statement, the club confirmed plans to capitalize on opportunities both on the pitch and commercially to enhance growth and bring in more investment.

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“The process is 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.  

As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. 

This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.” Said the club.

Speaking on the news were club directors Avram Glazer and Joel Glazer who said that they will work toward finding a plan that will serve the over 1.1 billion fans rallying behind the success of the club.

“The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. 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.

Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.” Said the Glazers

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Alex Kiprop
News Moto sports correspondent. Catch up the latest results when they happen and as they happen, locally and international

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