The Glazer family has hired advisers to weigh its options for the multibillion-dollar soccer club, which it has owned since 2005.
Manchester United, one of the most prized sports franchises on the planet, may be up for sale after its American owners, the Glazer family, said they had hired advisers to find outside investors or sell the team.
Shares of the fabled soccer club, which plays in the English Premier League, the most popular soccer league in the world, have jumped nearly 30 percent on the New York Stock Exchange over the past two trading sessions. The club’s market value reached nearly $2.8 billion following the rally, the DealBook newsletter reports.
The club’s board will “consider all strategic alternatives, including new investment into the club, a sale, or other transactions,” it said in a statement, adding that the review may result in no actions being taken.
Forbes has valued Manchester United, which has an