Glazer family pondering potential stake sale for Manchester United after 20 years
<p>Several stakeholders in the U.S.-based billionaire family have been studying the possibility of divesting part or all of their holdings in the English Premier League football club, the report said.</p><p>The club's New York-listed shares were up 7% in extended trading.</p><p>The internal talks initially centered on stake sales by some individual family members, who are now trying to convince others to join them, according to the report.</p><p>Manchester United did not immediately respond to a Reuters request for comment, while the Glazer family could not immediately be reached.</p><p>The report on current deliberations comes more than two years after the family sold a roughly 29% stake in the club to INEOS Group Chairman Jim Ratcliffe, giving the billionaire control of their soccer operations.</p><p>The Glazer family, who still owns a majority of the club, has faced strong criticism from fans for saddling the club with debt, overspending on players and putting off investments on infrastructure.</p><p>Ratcliffe has taken steps to revive United's fortunes, including cutting jobs and raising ticket prices.</p><p>After struggling to replicate the success the club enjoyed on- and off-the-pitch under Alex Ferguson, United's third-place finish this season under Michael Carrick secured a berth in the Champions League for the first time in two seasons.</p><p>United shares ended Wednesday at $21.11, valuing the Old Trafford club at $3.64 billion, according to data compiled by LSEG.</p>