Manchester United owners the Glazer family made a statement late on Tuesday night that they are exploring strategic alternatives to enhance the club’s growth. In today’s Webby and O’Neill video Tony & Kieron O’Neill look at the Kuwait Investment Authority which has more than $700 Billion in assets. Would the KIA be interested in buying Man United from the Glazer family? we ask our YouTube community in today’s video.
The statement said the process was “designed to enhance the club’s future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.”
It was assess options such as “new investment into the club, a sale, or other transactions involving the company.” The news comes in a turbulent week for United, which has parted ways with global superstar striker Cristiano Ronaldo after the Portuguese player gave an inflammatory interview to Piers Morgan’s Talk TV show in the UK, where he criticized the club’s ambition and head coach Erik ten Hag and the Glazer brothers’ management. The Glazers bought Man United in 2005 in a controversial leveraged buy-out that many supporters, players, and commentators believe have contributed to a prolonged period of underachievement at the once mighty English club.
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