Investors from Dubai have reportedly been put on ‘red alert’ after Manchester United were put up for sale by the Glazer family.
The Red Devils issued a statement on Tuesday evening stating that they were “exploring strategic alternatives” for the club which could include outside investment or indeed an outright sale. It read: “Manchester United plc, 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 capitalise 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.”
