Glazer family pondering potential stake sale for Manchester United after 20 years

[p]Several stakeholders ‌in the U.S.-based billionaire family have been ‌studying the possibility of divesting part or all ‌of their holdings in the English Premier League ‌football club, the report said.[/p][p]The club's New York-listed shares were up 7% in extended trading.[/p][p]The internal talks ‌initially centered on stake sales by some ⁠individual family members, ‌who are now trying to convince others to join ​them, according to the report.[/p][p][a href="https://www.flashscore.ca/team/manchester-united/ppjDR086/"]Manchester United[/a] did not immediately respond to a Reuters request ​for comment, while the Glazer family could not immediately be reached.[/p][embed guid="ee05b179-51df-42e5-aae2-c1f20a5ae06d" url="https://x.com/ManUnitedXtra_/status/2062314562242699370?s=20" social-type="twitter" /][p]The report on current deliberations ⁠comes more than ​two years after the family sold a roughly 29% stake in the club to INEOS Group Chairman Jim Ratcliffe, giving the billionaire control of their ‌soccer operations.[/p][p]The Glazer family, who still owns a majority of the club, has faced strong criticism from fans for saddling the club with debt, overspending on players and putting off investments on infrastructure.[/p][p]Ratcliffe has taken steps to revive United's fortunes, including cutting jobs and raising ticket prices.[/p][p]After struggling to replicate the success the club enjoyed ‌on- and off-the-pitch under [a href="https://www.flashscore.ca/player/ferguson-alex/OrMbEZNO/"]Alex Ferguson[/a], United's third-place ​finish this season under [a href="https://www.flashscore.ca/player/carrick-michael/phM8NElP/"]Michael Carrick[/a] secured ‌a berth in the Champions League for the first time in two seasons.[/p][p]United shares ended Wednesday at $21.11, valuing the Old Trafford club at $3.64 billion, according to data compiled by LSEG.[/p]