HomePremier LeagueGlazer family may consider selling stake in Manchester United - Bloomberg

Glazer family may consider selling stake in Manchester United – Bloomberg

FILE PHOTO: Premier League - Manchester United v Chelsea
FILE PHOTO: Soccer Football – Premier League – Manchester United v Chelsea – Old Trafford, Manchester, Britain – April 28, 2022 General view inside the stadium before the match REUTERS/Phil Noble/File Photo

(Reuters) – The Glazer family would consider selling a minority stake in Manchester United, Bloomberg News reported on Wednesday, citing sources familiar with the matter.

The family has held some preliminary discussions about the possibility of bringing in a new investor, but are not yet ready to cede control of the English football club, which could be valued at about 5 billion pounds, according to the report. (https://bloom.bg/3K882CM)

Manchester United did not immediately respond to a Reuters request for comment.

Earlier, Elon Musk said in a tweet that he was going to buy the club – only to say a little later it was all part of “a long-running joke”.

Manchester United was bought by the American Glazer family for 790 million pounds ($954.48 million) in 2005. Although it has been listed on the New York Stock Exchange since 2012, the Glazers retain majority ownership.

United fans have been clamoring for a change of ownership at the club – the three-time winners of the European Cup, the most prestigious club competition in the global game – following its disappointing performance in recent years.

($1 = 0.8277 pounds)

(Reporting by Eva Mathews in Bengaluru; Editing by Anil D’Silva)