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Manchester United weighs options ahead of potential sale

United's American owners, the Glazer family, launched a formal sale process late last year and have received several bids, including from Sheikh Jassim Bin Hamad Al Thani, British billionaire Jim Ratcliffe and Finnish businessman Thomas Zilliacus.

The Old Trafford club did not provide any details about the sale on Thursday.

United said ticket sales for the current 2022/23 season have surpassed the record set in 2016/17, hitting a cumulative 2.3 million tickets sold.

United swung to a second-quarter net profit on the back of higher commercial revenue and lower wages, the club said on Thursday.

Net profit came in at 6.3 million pounds ($7.78 million) in the three months to Dec. 31, against a 1.4 million pound loss a year earlier.

Revenue fell almost 10% to 167 million pounds, with increased commercial revenue outweighed by a drop in broadcasting revenue and lower match-day revenue because there were fewer home games than in the same period last year.

Prevail Inegbenose

Prevail Inegbenose is the Chief Executive Officer (CEO), Spark Media & Entertainment Ventures, the Publisher of Spark News Daily - Nigeria's most sought-after online newspaper in Government, Politics, Sport, Entertainment and Religion. Prevail Inegbenose studied Mass Communication from the prestigious Auchi Polytechnic Auchi and graduated in 2007. He is an experienced journalist with 16 years of active and practical journalism. Prevail Inegbenose is the Lead Pastor, House of God Int'l - Rest Tabernacle, Abuja - Nigeria. Tel: 08039564796.

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