Manchester United owners the Glazers are reportedly set to hand over the ownership of the Old Trafford club at the end of the season.
The Glazers, who have been on the helm of affairs since taking over the club in 2005 finally declare intentions to sell the club.
The news came after widespread and recurrent protests by Manchester United fans, who have continuously pressurized the Glazers to hand off the club.
Glazers popularity with fans dwindled after Manchester United fell far behind other Premier League rivals.
The 13 tomes Premier League champions have fallen down the pecking order and have seen their fortunes dwindled in recent years.
The rot at Old Trafford became more glaring when one of their longest-serving manager and Premier League icon Sir Alex Ferguson exited his managerial role in 2013.
After the exit of Sir Alex Ferguson, the Red Devils brought in the likes of David Moyes, Louis Van Gaal, Jose Mourinho, Michael Carrick, Ole Gunner Solskjaer, Ralf Rangnick, and now Erik Ten Hag.
The Glazers have been blamed for the sharp dip in the fortunes of club, and fans have been calling for their exit.
Manchester United legend and five times Ballon d’Or winner, Cristiano Ronaldo also slammed the Glazers in his explosive interview with Piers Morgan.
After furiously terminating his contract, the Glazers finally budged and announce their decision to sell the club, stating their resolve to explore ‘strategic alternatives’ at Old Trafford to fund the club.
The Glazers bought Manchester United for £790million under controversial circumstances in a leveraged buyout.
According to reports, they have incurred over £500m at the club and had jumped on the beleaguered Super League as a shortcut to rake in more revenue and offset mounting debts.
According to the BBC, while the Glazers are still open to reversing their decision to hand off the club, they may likely conclude the sales process at the end of this season.
The American-born investors revealed last week that they would sell the club for no less than £5billion. This is few million dollars from Todd’s Boehly’s Chelsea purchase.
The new Chelsea owner bought Chelsea for £4.25billion ending the 17 years reign of former owner Roman Abramovich earlier in the year.
Meanwhile, some suitors have indicated an interest in taking over Manchester United from the Glazers, with US tech giant Apple and Spanish fashion mogul Amancio Ortega reportedly ready to join the race.
Potential news owners will know have to pay in excess of Manchester United’s valuation, which was $3.65bn (£3.05bn) on the New York Stock Exchange at the close of trading on November 28.
Meanwhile, the Red Devils are currently on break as major leagues in Europe have halted due to the ongoing World Cup in Qatar.
Premier League action resumes immediately after the World Cup, with Manchester United tipped to continue in their fine form this season under new manager Erik Ten Hag.
