On the eve of the Glazer family announced that it is considering the sale of Manchester United. To date, the club’s shares have risen in price by 11.2%
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Manchester United shares are rising amid reports of plans by the owners of the English club to consider selling the team.
On the eve of the Glazer family, which owns the club, announced that it is considering the sale of Manchester United. On November 22, Manchester United also announced the termination of the contract with 37-year-old Cristiano Ronaldo by mutual agreement of the parties.
Before the news about the possible sale of the club, the shares were worth $ 13.17, at the time of the announcement, the price soared to $ 14.65, now it is $14.94 (up 11.2%), today’s high was $16.35.
Manchester United owners are considering selling the club
In May 2005, American businessman Malcolm Glaser took a controlling stake in the club worth $1.47 billion, while the club remained about $700 million in debt to creditors. Despite issuing approximately $500 million in bonds in 2010, the club remained at £490m at the end of the 2020/21 season. Last spring, the Glazer family expressed readiness sell the club for £4bn ($4.8bn).
Manchester United have won the English Premier League title 13 times, won 12 FA Cups and 5 League Cups. The team also won the Champions League trophy three times.
After 14 rounds of the Premier League this season, Manchester United is fifth with 26 points.
On November 22, the club announced the termination of the contract with 37-year-old Cristiano Ronaldo by mutual agreement of the parties. His agreement ran until the end of the season.