The Glazer family are considering “strategic alternatives” that might lead to a potential sale of Manchester United.
A statement from owners Avram Glazer and Joel Glazer said: “As we strive to continue building on the club’s history of success, the board has allowed a thorough review of strategic alternatives.
“We will explore all possibilities to ensure that we best serve our supporters and that Manchester United exploits the huge growth prospects available to the club today and in the future.
“Throughout this process we will stay fully focused on serving the best interests of our fans, stockholders, and diverse stakeholders.”
The Glazers seized possession of the Red Devils in 2005, following which the club went on to win five Premier League titles.
But United have failed to win a major trophy since 2017 – resulting in continued scrutiny from supporters.
The statement added: “The process is meant to boost the club’s future growth, with the ultimate goal of placing the club to capitalise on opportunities both on the pitch and commercially.
“As part of this process, the board will explore all strategic alternatives, including new investment into the club, a sale, or other transactions involving the firm.”
The Raine Group, who managed the sale of Chelsea for Roman Abramovich, shall operate as the exclusive financial adviser in the process.