News

Manchester United Is Worth Around RM22.8 Billion, Co-Owner Explained Club Sale And Ronaldo’s Exit

The co-owner, Avram Glazer, has spoken about this issue for the first time since the Manchester United (MU) club was announced for sale.

Glazer said, “As we announced yesterday, the board went through a process and decided it’s going to look at different strategic alternatives— and that’s what we’re doing.”

Has Glazer sold the club earlier? He answered, “We’ll see where that leads us.”

Previously, Ronaldo’s termination from Manchester United sparked many debates. Including Glazer, he was reportedly furious at the remarks and Ronaldo’s leaving MU immediately by mutual consent.

However, the Glazers refused to comment on Ronaldo’s claim. He said, “[Ronaldo] is a great Manchester United player. I appreciate everything he did for the club. I wish him the best of luck in the future.”

Manchester United is Worth Around €5bn

Picture: Manchester Evening News

As reported by The Daily Telegraph, Sir Jim Ratcliffe will bid for MU after the Glazers put the club for sale.

Interestingly, Ratcliffe has been a fan of the club for a long time. He attended the 1999 Champions League final to show his support. He’s one of Britain’s richest men and is serious about contacting the Glazers in August.

But, Ratcliffe is wary about overpaying for MU since insiders suggest the Glazers are bidding a price of €5bn (RM22.8 Billion).

Sadly, the owner of Ineos had an unsuccessful bid to buy Chelsea earlier this year.

Ratcliffe stated, “If it had been for sale in the summer, yes we would probably have had a go following on from the Chelsea thing, but we can’t sit around hoping that one day Manchester United will become available.”

“It’s a process designed to enhance the club’s growth”

The Company’s Board of Directors (the Board) is initiating a holistic process to analyse strategic alternatives for the club.

Furthermore, they will consider all beneficial options, including new investment into the club, a sale, or other transactions involving the company.

Sources: Sky Sports, Youtube Sky News, The Daily Telegraph

Adib Mohd

Recent Posts

Meet Lee Jun Young Up Close in Kuala Lumpur, Tickets Now Available

Malaysian fans, the wait is finally over! Lee Jun Young, the multitalented actor, singer and… Read More

2 days ago

Lee Jung-jae and Lim Ji-yeon Reignite the Rom-Com Spark in Nice to Not Meet You, Exclusively on Prime Video

Prime Video has unveiled Nice to Not Meet You, an upcoming Korean rom-com series starring… Read More

2 days ago

Goodbye One-Off EPF, Hello Monthly Pension? Here’s What’s Brewing

If you’ve ever worried about spending all your EPF savings too fast after retirement, the… Read More

2 days ago

Generali Malaysia Strengthens East Malaysia Presence with New-Look Sandakan Branch

Generali Insurance Malaysia Berhad today announced the launch of its newly renovated branch in the… Read More

2 days ago

More Than a Makeover, L’Oréal Launches First-of-Its-Kind Social Salon in Asia

Malaysia is now home to Asia’s first-ever Beauty for a Better Life Salon, a dedicated… Read More

2 days ago

The Ordinary Opens Its First-Ever Pop-Up in Malaysia

The Ordinary has officially landed in Malaysia, not just in stores, but with its first-ever… Read More

2 days ago

This website uses cookies.