The club said it was commencing a process to explore strategic alternatives, including a new investment or a potential sale, 17 years after the American Glazer family bought it.
The Glazers bought the club for 790 million pounds in 2005 in a highly leveraged deal which has been criticised for loading debt onto the club.
The Raine Group is acting as financial adviser and Latham & Watkins LLP is the legal adviser to Manchester United.Among the fan protests against the Glazers was one in May 2021 that forced the postponement of a home match against Liverpool, one of the club's biggest rivals. It was the first Premier League match to be postponed because of a protest.
United finished sixth last season in their worst Premier League campaign in terms of points earned, failing to qualify for the lucrative European Champions League competition.
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