According to an announcement on the club’s website, Manchester United (ManU) has retained the Raine Group to explore strategic alternatives, including new investments, a sale of the club or other transactions to capitalize on opportunities both on the pitch and commercially. The club (which is 98 percent owned by the Glazer family) claims the process is designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities. As part of the process, the club plans an assessment of several initiatives to strengthen the company, including stadium and infrastructure redevelopment and expansion of the club’s commercial operations on a global scale.
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.
The rumors regarding ManU concern the second of the most successful football clubs in the U.K.: As reported earlier this month in SGI, plans to sell renowned football club Liverpool FC have also become public.
