MANCHESTER United said on Tuesday it was considering 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 tussles and the rough and tumble of financial markets.
The club's New York-listed shares jumped as much as 19% after Sky News reported the plans on Tuesday, now valuing the club at $2.46 billion.
Here are some financial milestones from the club's history:
** Nov. 22, 2022 - The club says the Glazer family is working with financial advisers on a process that could lead to a partial sale or investments including stadium and infrastructure redevelopment.
** Aug. 17, 2022 - British billionaire Jim Ratcliffe is interested in buying the club, a source tells Reuters.
** Aug. 16, 2022 - Elon Musk tweets: "I'm buying Manchester United ur welcome," before later explaining it was a joke.
** 2021 - Britain's Daily Mirror reports the Glazers, facing growing fan discontent, were prepared to sell for offers in excess of 4 billion pounds ($4.8 billion).
** 2012 - Lists on the New York Stock Exchange, raising about $233 million for a valuation of $2.3 billion
** 2011 - Club mulls stock market listings in Hong Kong or Singapore, but puts plans on hold amid market turmoil
** 2005 - Glazer family wins control with a leveraged buyout that valued the club at 790 million pounds.
** 2003 - U.S. sports tycoon Malcolm Glazer begins building a stake.
** 2001 - Irish racing magnates J.P. McManus and John Magnier creep up the register.
** 2000 - London shares touch record high of 450p as club enjoys on-field success and amid ownership speculation.
** 1999 - British government blocks a takeover bid from Rupert Murdoch-controlled BSkyB. BSkyB starts cutting its stake.
** 1991 - Floated on the London Stock Exchange.
** 1989 - Property developer Michael Knighton makes an ultimately failed takeover attempt.
** 1984 - Louis Edwards' son Martin rejects takeover bid from publishing tycoon Robert Maxwell.
** 1958 - Manchester butcher Louis Edwards finances the club's rebuild after the Munich air crash. Takes a controlling interest in 1964.
** 1931 - James W. Gibson, a uniform manufacturer, takes over a club struggling in the Great Depression. Retains control until his death two decades later.
** 1902 - Club issued with a winding up order. Four local businessmen, including brewer John Henry Davies, invest and change name to Manchester United.
** 1892 - Club becomes a Limited Company.
** 1878 - Founded as Newton Heath LYR Football Club, funded by Lancashire and Yorkshire Railway.
ALSO READ - Soccer - Manchester United owners consider selling club
Reuters
Wed Nov 23 2022
Manchester United said it was considering new investment or a potential sale, 17 years after the American Glazer family bought the English Premier League soccer club. - ETX Studio
Hyundai to invest RM2.16 bil in Malaysia through strategic partnership with INOKOM
This investment includes efforts to upgrade INOKOM's existing assembly capacity to meet Hyundai's automotive needs.
‘C4Cinta’ sets record as highest-grossing Malaysian Tamil film
'C4Cinta', directed by young filmmaker Karthik Shamalan, has set a new benchmark in Malaysian Tamil cinema.
Man charged with mother's murder, storing body in freezer
The court denied bail and scheduled case mention on Feb 7 for the submission of forensic, autopsy, and chemist reports.
Abolition of examination in schools to reduce pressure on pupils - Fadhlina
The classroom assessment approach offers a much more interesting learning ecosystem, says Fadhlina Sidek.
Google, Meta urge Australia to delay bill on social media ban for children
Google and Meta says the government should wait for the results of an age-verification trial before going ahead.
Judge tosses Trump 2020 election case after prosecutors' request
It represents a big legal victory for Donald Trump, who won the Nov. 5 US election and is set to return to office on Jan. 20.
DHL plane crash in Lithuania leaves authorities searching for answers
Rescue services said the plane hit the ground, split into pieces and slid over 100 metres (110 yards).
National squad to hold friendly matches for 2025 Indoor Hockey World Cup
The warm-up matches will involve matches against better ranked teams in the world, namely Austria (first) and Belgium (third).
G7 seeks unity on ICC arrest warrant for Netanyahu
The United States, part of the G7, has rejected the ICC decision, with President Joe Biden describing it as outrageous.
Francissca Peter remembers Tan Sri Ahmad Nawab: A tribute to a musical legend
A legend who has influenced our music for decades, was one of the highlights of my career, says Francissca Peter.
TikTok decision coming soon as Jan. 19 divestment deadline looms
Judges are reviewing TikTok's challenge to a law requiring ByteDance to sell its US assets by Jan. 19 or face a ban.
Lebanese sources: Biden, Macron set to announce Israel-Hezbollah truce
In Washington, White House national security spokesperson John Kirby said, "We're close" but "nothing is done until everything is done".
PM meets chaebol tycoon to attract more FDI to Malaysia
Chaebols are prominent figures from South Korea's family-owned conglomerates.
Govt won't allow non-citizen vehicles to enjoy RON95 subsidy - Economy Ministry
The implementation of the RON95 subsidy in 2025 is expected to provide savings of RM3.6 billion to government expenditure.
Ringgit opens lower as greenback gains ground
Dr Mohd Afzanizam says the market responded positively to news of hedge fund manager Scott Bessent heading the US Treasury Department.
Management of low-cost housing, gov't quarters, focus at Dewan Rakyat today
Also among the highlights, UNICEF report on 12.3pct of teenagers in Klang Valley's PPR face mental health issues and suicidal tendencies.
UN Resolution 1701, cornerstone of any Israel-Hezbollah truce
Here are the resolution's main terms, and a note about subsequent violations and tensions.
Record aid worker deaths in 2024 in 'era of impunity', UN says
So far this year there have been 281 aid worker victims, according to the Aid Worker Security database.
Why India's toxic farm fire counting method is disputed
Here's how India counts farm fires - a major contributor to severe pollution in the north - and why its method is being questioned.
Divisions on curbing plastic waste persist as UN treaty talks begin
South Korea is hosting the fifth and ostensibly final UN Intergovernmental Negotiating Committee (INC-5) meeting this week.