Some members of the billionaire Glazer family have been debating whether to sell their stake in Manchester United FC, after more than 20 years of ownership that has often been blighted by fan protest, people familiar with the matter told Bloomberg. Several stakeholders in the US-based Glazer family have been studying the possibility of divesting part or all of their holdings in the English Premier League football club, according to the people.
Deliberations come as Manchester United’s owners face a potential multibillion-pound bill to redevelop the club’s famous Old Trafford stadium in the coming years. On the other hand, the club’s recent qualification for the lucrative UEFA Champions League comes with fresh earnings potential, providing incentive to remain invested.
Bloomberg’s Tiwa Adebayo joined "The Pulse with Francine Lacqua" to discuss.
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