As reported by the Daily Express, Manchester United’s stock market valuation rose to 17% on premarket trading Wednesday after the Glazers decided to sell the club.
The American owners are exploring the possibility of alternative strategies in the market. United’s fame has grown to every corner of the world with over one billion fans present globally.
Along with the fan base, the club’s performance in the business world has been remarkable. The club stands third in profit generated annually, just behind Spanish giants Real Madrid and Barcelona. This demonstrates United’s capability to pull top investors. However, apart from the off-the-field success, the club has been unable to compete in the world of football.
Since the Glazers took over the reins at Old Trafford in 2005, the club has been inconsistent. They have failed to lift a trophy in the last five years, and the fans have been critical of the owner’s lack of interest towards the squad and the club’s infrastructure.
The fans will be ecstatic to hear the news regarding the club’s sale. It will bring an end to the terrible suffering at the hands of the American owners.
An offer in the region of £6-8 billion will be enough to kick the Glazers out of Old Trafford.
