Manchester United exploring strategic options, including sale - SABC News - Breaking news, special reports, world, business, sport coverage of all South African current events. Africa's news leader.

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Manchester United said on Tuesday it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the Glazer family bought the Premier League soccer club.

Fans of the team have been clamouring for a change of ownership and the Glazers have been the target of intense criticism after five years without a trophy.

“As we seek to continue building on the Club’s history of success, the Board has authorised a thorough evaluation of strategic alternatives,” the company said in a statement. Glazers bought the club for 790 million pounds in 2005 in a highly leveraged deal which has been criticised for loading debt onto the club.

 

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