Le Lézard
Classified in: Sports and recreation
Subjects: Business Update, Statement

Manchester United Announces Process to Explore Strategic Alternatives to Enhance the Club's Growth


Manchester United plc (NYSE:MANU), one of the most successful and historic sports clubs in the world, announces today that the Company's Board of Directors (the "Board") is commencing a process to explore strategic alternatives for the club.

The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.

As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club's commercial operations on a global scale, each in the context of enhancing the long-term success of the club's men's, women's and academy teams, and bringing benefits to fans and other stakeholders.

Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said, "The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club's history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders."

The Raine Group is acting as the Company's exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company.

Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.

There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.

About Manchester United

Manchester United is one of the most popular and successful sports teams in the world, playing one of the most popular spectator sports on Earth. Through our 144-year heritage we have won 66 trophies, enabling us to develop the world's leading sports brand and a global community of 1.1 billion fans and followers. Our large, passionate community provides Manchester United with a worldwide platform to generate significant revenue from multiple sources, including sponsorship, merchandising, product licensing, new media & mobile, broadcasting and match day.


These press releases may also interest you

at 10:40
The National Wild Turkey Federation presented Hillsdale College Nimrod Education Center Director Al Stewart with a Special Recognition Award at the 50-year anniversary celebration in Grand Blanc, Michigan on Jan. 14. "I am honored to be recognized by...

at 10:08
Some fifty tall ships from all over the world will be moored along the 7 kilometres of the Seine quay in Rouen for 10 days. Held...

at 10:05
On the heels of announcing a live performance from multi-platinum award winning artist Cody Johnson during The American Rodeo on Saturday, March 11 at Globe Life Field, Teton Ridge announced today a full lineup of entertainment for Friday night of...

at 10:05
Dirt Product Grouptm is thrilled to announce that Dirt Tapetm will be an official sponsor of the 2023 Pro Tour hosted by the Professional Pickleball Association (PPA), the foremost promoter of Pickleball in the country. Pickleball, America's...

at 09:50
World Wide Technology (WWT), a global technology solutions provider, today announced partnerships with PGA TOUR players Ben Griffin and Harry Higgs. The sponsorship of Griffin and Higgs will include the two up-and-coming talents wearing the WWT logo...

at 09:42
Brothers Travis and Jason Kelce have more than one thing in common, and it's not that they're both professional athletes vying for a championship during the Big Game on February 12. All-Pros Travis Kelce, tight-end for Kansas City, and Jason Kelce,...



News published on 22 november 2022 at 16:35 and distributed by: