As a part of this course of, the Board will contemplate all strategic alternate options, together with new funding into the membership, a sale, or different transactions involving the Firm. It will embrace an evaluation of a number of initiatives to strengthen the membership, together with stadium and infrastructure redevelopment, and enlargement of the membership’s industrial 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 energy of Manchester United rests on the eagerness and loyalty of our international group of 1.1 billion followers and followers. As we search to proceed constructing on the Membership’s historical past of success, the Board has licensed a radical analysis of strategic alternate options. We’ll consider all choices to make sure that we finest serve our followers and that Manchester United maximizes the numerous progress alternatives obtainable to the Membership immediately and sooner or later. All through this course of we are going to stay totally centered on serving the perfect pursuits of our followers, shareholders, and varied 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 evaluate being undertaken will end in any transaction involving the Firm. Manchester United doesn’t intend to make additional bulletins concerning the evaluate except and till the Board has permitted a selected transaction or different plan of action requiring a proper announcement.