Manchester United see their stock price rise by 24 per cent in just TWO DAYS after the Glazer family announce they are seeking to sell the club, with US owners hoping for a minimum fee of £5bn
- Manchester United stocks have reportedly risen by 24 per cent in the last day
- The news comes after the Glazer family said they are willing to sell the club
- A deal could cost up to £9billion with a minimum fee of £5billion expected
Manchester United stock market valuation has risen by 24 per cent after the Glazer family made their intentions to sell the club clear, according to a report.
United confirmed on Tuesday that they were seeking new investment opportunities, with the Glazers willing to listen to offers for new owners after 17 years at the club.
Stocks rose to from 13.03 USD to 16.14 USD following the news, with a potential sale expected to cost billions of pounds.
Joel and Avram Glazer stunned the football world by announcing Manchester United are up for sale – or inviting additional investment – on Tuesday
Fans protests against the Americans’ ownership have grown in ferocity in recent months
Club stocks rose dramatically from 13.03 USD to 16.19 USD in just two days amid the news
It could reportedly cost a potential buyer up to £9billion to purchase the club, but the news has been welcomed by United fans after years of protests against the Glazer family.
Though they enjoyed success under Sir Alex Ferguson until his retirement in 2013, United have slid dramatically on the field under the ownership, with the club currently fifth in the Premier League and without Champions League football.
Protests have overflowed on several occasions, with fans breaking into the stadium and pouring onto the pitch in 2021, causing a game against Liverpool to be postponed.
United’s statement also outlined that Raine Group, the New York-based merchant bank, have been appointed as United’s ‘exclusive financial advisor.’
This is significant because the Raine Group oversaw the sale of Chelsea earlier this year and, therefore, will be well aware of any potential investors out there interested in a big English football club.
The announcement came on the same day that Cristiano Ronaldo’s contract was terminated
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