Manchester United explores "strategic alternatives," including sale

Driving the news: Manchester United said in a statement the process is "designed to enhance the club's future growth" with the ultimate goal of "positioning the club to capitalize on opportunities both on the pitch and commercially."

• It could include stadium redevelopments, expanding the club's global reach and creating new experiences for fans.
• The team also said the board's new process may not lead to any transaction.

What they're saying: "We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future," Manchester United c0-chairmen Avram Glazer and Joel Glazer said in a statement.

Context: The potential sale follows news of other English clubs hitting the market, including Fenway Sports Group announcing it is exploring bids for Liverpool a few weeks back, and Chelsea selling for £2.5 billion earlier this year.

• Manchester United may cost somewhere between $2.45 billion and $5.3 billion if not more, according to the Wall Street Journal.

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