Dubai investors to spend $10.6 billion for Manchester United Club. Thelisted Manchester United for sale on Tuesday (November 22). United is looking for “strategic alternatives,” according to a club statement, including “new investment into the club, a sale, or other transactions involving the firm.” Talk of new investors has been circulating as the Glazers attempt to change or even end their 17-year ownership of the club.
According to Arabian Business, investors in Dubai are eager to purchase Manchester United. The Glazer family reportedly placed a $10.6 billion value on the club, according to the Sun. The club released the following statement: “Manchester United plc, one of the most illustrious and successful sports clubs in the world, announced today that the Company’s Board of Directors (the “Board”) is starting a process to investigate strategic alternatives for the club.”
The procedure aims to accelerate the club’s future development with the ultimate objective of placing the team to seize opportunities both on and off the field. The Board will take into account all strategic options during this process, including more club investment, a sale, and other business dealings involving the Company.
To improve the long-term success of the club’s men’s, women’s, and academy teams and to benefit supporters and other stakeholders, this will include an assessment of several initiatives to strengthen the club, such as stadium and infrastructure redevelopment and expansion of the club’s commercial operations on a global scale.
In their early years at United, the Glazers experienced remarkable success on the field. However, since Sir Alex Ferguson left, the club has had trouble sustaining its superior on-field performance. The Glazers have come under fire for not giving the team their all after investing more than a billion dollars in player transactions over the past ten years. A few fervent supporters have also criticized the owners for turning United into a commercial brand rather than a football team.
Rumors of the club being sold have also surfaced in the past due to their turbulent connection with the supporters. Talks of a possible sale were circulating in September 2022, and Dubai’s national wealth fund was being considered as a possible investor in the club. Should Dubai participate, it will make for an intriguing purchase given that Manchester City, a local rival of United, is owned by the Abu Dhabi investment group.
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