The owners of Manchester United are exploring strategic alternatives.
In 2005, the Americans bought the Old Manchester outfit for over $1 billion.
Fans have been protesting against their ownership for a long time.
The club's board will consider all strategic alternatives, including new investment into the club, a sale or other transactions involving the company.
Expansion of the club's commercial operations on a global scale and an assessment of several initiatives to strengthen the club will be included in the process.
The Glazers sold 10% of their holding via a stock listing in 2012 and have continued to sell shares in subsequent years.
The board has authorized a thorough evaluation of strategic alternatives in order to continue building on the club's history of success.
We will evaluate all options to ensure that Manchester United maximizes the significant growth opportunities available to the club today and in the future.
We will serve the best interests of our fans, shareholders, and various stakeholders throughout the process.
The Raine Group acted as financial advisor for the sale of Chelsea in May.
There can be no guarantee that the review will result in a transaction.
Unless and until the board approves a specific transaction or other course of action, Manchester United will not make further announcements.
In the last five years, United have not won a title or a trophy, and they have not won a trophy in the last two years.
In May 2021, a protest against the Glazers' ownership resulted in the postponement of United's home league match againstLiverpool.
In August of this year, thousands of supporters marched to Old United in protest.
The European Super League project collapsed in April. The unrest caused an apology from the co-chairman.
He promised to make shares available to fans after attending the Fans' Forum.
In an interview last week, the Portugal captain criticized the club's ownership, saying they don't care about the sporting side.
The move to sell United comes just days after the chairman of the club said that the club was being sold.
A Bloomberg report in August 2022 said that the Glazer family were willing to sell a minority stake in the club.
Sir Jim Ratcliffe said in October that he would be interested in buying the club, even though the family had told him they didn't want to sell.
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