As a part of this course of, the Board will take into account all strategic options, together with new funding into the membership, a sale, or different transactions involving the Firm. This can embrace an evaluation of a number of initiatives to strengthen the membership, together with stadium and infrastructure redevelopment, and enlargement of the membership’s business operations on a worldwide scale, every within the context of enhancing the long-term success of the membership’s males’s, ladies’s and academy groups, and bringing advantages to followers and different stakeholders.
Govt Co-Chairmen and Administrators, Avram Glazer and Joel Glazer mentioned: “The power of Manchester United rests on the fervour and loyalty of our world neighborhood of 1.1 billion followers and followers. As we search to proceed constructing on the Membership’s historical past of success, the Board has approved a radical analysis of strategic options. We are going to consider all choices to make sure that we finest serve our followers and that Manchester United maximizes the numerous development alternatives obtainable to the Membership at the moment and sooner or later. All through this course of we’ll stay totally centered on serving the perfect pursuits of our followers, shareholders, and numerous stakeholders.”
The Raine Group is appearing because the Firm’s unique monetary advisor and Latham & Watkins LLP is authorized counsel to the Firm.
Rothschild and Co. is appearing as unique monetary advisor to the Glazer household shareholders.
There might be no assurance that the evaluation being undertaken will end in any transaction involving the Firm. Manchester United doesn’t intend to make additional bulletins concerning the evaluation until and till the Board has authorized a particular transaction or different plan of action requiring a proper announcement.