A history of Manchester United’s ownership | So Good News


Manchester United said on Tuesday it was considering a new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club.

The popular but underperforming club is no stranger to ownership struggles and the rough financial markets.

The club’s New York-listed shares jumped as much as 19% after Sky News reported the plans on Tuesday, and now value the club at $2.46 billion.

Here are some financial milestones from the club’s history:

** 22 November 2022 – The club says the Glazer family is working with financial advisers on a process that could lead to a partial sale or investment, including redevelopment of the stadium and infrastructure.

** 17 August 2022 – British billionaire Jim Ratcliffe is interested in buying the club, a source told Reuters.

** August 16, 2022 – Elon Musk tweets: “I welcome Manchester United,” before later explaining it was a joke.

** 2021 – Britain’s Daily Mirror reports that the Glazers, facing growing fan discontent, were prepared to sell for offers in excess of £4 billion ($4.8 billion).

** 2012 – Listed on the New York Stock Exchange, raising about $233 million at a valuation of $2.3 billion

** 2011 – The club considers stock market listings in Hong Kong or Singapore, but puts plans on hold amid market turmoil

** 2005 – The Glazer family gain control in a leveraged buyout that valued the club at £790m.

** 2003 – American sports magnate Malcolm Glazer begins building a bet.

** 2001 – Irish racing magnates JP McManus and John Magnier climb the register.

** 2000 – London have a record 450p as the club enjoy success on the pitch and amid ownership speculation.

** 1999 – British authorities block a takeover bid by Rupert Murdoch-controlled BSkyB. BSkyB is starting to cut its efforts.

** 1991 – Move on the London Stock Exchange.

** 1989 – Property developer Michael Knighton makes an ultimately unsuccessful takeover attempt.

** 1984 – Louis Edward’s son Martin rejects the takeover offer from publishing magnate Robert Maxwell.

** 1958 – Manchester butcher Louis Edwards finances the club’s reconstruction after the Munich plane crash. Takes a controlling stake in 1964.

** 1931 – James W. Gibson, a uniform manufacturer, takes over a club struggling during the Great Depression. Retains control until his death two decades later.

** 1902 – The club issued a liquidation order. Four local businessmen, including brewer John Henry Davies, invest and change their name to Manchester United.

** 1892 – The club becomes a joint-stock company.

** 1878 – Founded as Newton Heath LYR Football Club, funded by the Lancashire and Yorkshire Railway.

($1 = 0.8264 pounds) – Reuters

(Reporting by Tom Westbrook and Nick Mulvenney; Additional reporting by Akriti Sharma; Editing by Ken Ferris and Sam Holmes)

Disclaimer: This report is automatically generated from the Reuters news service. ThePrint has no responsibility for the content.

Also read: “Right time to seek a new challenge,” says Cristiano Ronaldo on leaving Manchester United


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