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
ISIS Malaysia's perspective of Budget 2025
An excellent rakyat-centric budget under the overarching principle of a caring and humane economy.
Budget 2025: Record increase in STR, SARA aid initiatives
The government will provide a significant boost to the Sumbangan Tunai Rahmah (STR) and Sumbangan Asas Rahmah (SARA) initiatives next year.
Budget 2025: EPF contributions to be made mandatory for foreign workers – PM Anwar
The government plans to make it compulsory for all non-citizen workers to contribute to the Employees Provident Fund (EPF).
What policies to expect from Indonesia's new President Prabowo
Prabowo will be open to foreign investment, his aide has said, such as by offering investors management of airports and sea ports.
Budget 2025: Govt allocates RM470 mil to empower women's participation in PMKS
The Women's Leadership Apprenticeship Program will be intensified as an effort to produce more female corporate personalities.
Israel sends more troops into north Gaza, deepens raid
Residents of Jabalia in northern Gaza said Israeli tanks had reached the heart of the camp, using heavy air and ground fire.
Indonesia ramps up security ahead of Prabowo's inauguration
Prabowo Subianto will be sworn in as Indonesia's president on Sunday with Vice President-elect, Gibran Rakabuming Raka, also taking office.
Immediate allocation of RM150 mil for local authorities, DID to tackle flash floods
Datuk Seri Anwar Ibrahim said this allocation is intended to address the recent flash floods that hit the capital and several major towns.
Budget 2025: Sabah, Sarawak to continue receiving among highest allocations - PM
Sabah and Sarawak continues to be prioritised under Budget 2025, with allocations of RM6.7 billion and RM5.9 billion respectively.
NFOF will be operational in November 2024 with funding of RM1 bil
PM Anwar Ibrahim said NFOF will support venture capital fund managers to invest in startup companies with RM300 million set aside for 2025.
Minimum wage to increase to RM1,700 effective Feb 1, 2025
The Progressive Wage Policy would be fully enforced next year with an allocation of RM200 million, benefiting 50,000 workers.
Bursa Malaysia ends higher on Budget 2025 optimism
The benchmark index, which opened 1.85 points higher at 1,643.29, moved between 1,641.71 and 1,649.31 throughout the trading session.
Five important aspects relating to people’s lives in Budget 2025 - PM
The focus is on driving the MADANI Economy, speeding reforms, cutting red tape, raising wages, and tackling the cost of living.
Economic outlook: Govt plans to leverage, expand existing city transit system
The expansion aims to provide a more efficient and reliable public transportation network, reduce congestion, and improve accessibility.
Economic outlook: Budget 2025 to lay foundation for a digital-driven economy
The report said Budget 2025 will entail efforts to position Kuala Lumpur as a top 20 global startup hub by 2030 through the KL20 initiative.
Economic outlook: Corruption and lack of accountability hinder economic progress
Special Cabinet Committee on National governance is established to curb corruption, law reforms to modernise outdate regulations, MoF said.
National Wages Consultative Council will be strengthened
The govt will also incentivise hiring women returning from career breaks, offer job matching and improve care services facilities.
Economic outlook: Ensuring 11 years of compulsory education for all children
Budget 2025 will continue prioritising upskilling and retraining initiatives to equip workers with the latest skill sets necessary.
Consolidated public sector projected to record lower surplus of RM41.7 bil 2024
The MoF said the consolidated general government revenue is estimated to increase slightly to RM384.7 billion in 2024.
PM announces substantial Budget 2025 hastening Malaysia to become Asian economic powerhouse
Datuk Seri Anwar Ibrahim said it would create jobs and also tackle financial leakages to enhance public spending efficiency.