According to rumours, the Glazers’ sale of Manchester United would likely be postponed until May in order to secure their £6 billion valuation. The Old Trafford club has received a handful of bids during the past two weeks.
Sir Jim Ratcliffe and Sheikh Jassim bin Hamad al-Thani both made offers of up to £4.5 billion. According to the article, none of the six Glazer siblings can decide on the next step.
United was assessed at just £1.32 billion using a method called “discounted cash flow analysis,” which is less than a fifth of the £6 billion the Glazers are seeking. Read More: Manchester United and Crystal Palace Fined by the FA for failing to control players
Although United shares, which trade on the New York Stock Exchange, give a number of £2.8bn, that valuation does appear on the low side.
The club is worth £3.55 billion when measured in terms of revenues, according to the model used when Raine sold Chelsea to Todd Boehly last summer. The announced bidders might “go low” in response to those numbers.
Will Glazers sell Manchester United for a lower price?
They apparently disagree on whether to sell everything and depart or to hold onto a minority ownership interest in the team.
The Glazers were determined to obtain Man Utd for their £6 billion asking price, but they might have to settle for a significantly lower bid.
According to the most recent assessment of United by financial professionals, the team is significantly overpriced. The most recent evaluation of the club conducted by the Financial Times “Lex” column cast doubt on the Glazers’ £6 billion asking price. Read More: Antoine Griezmann makes an astonishing admission on his return to Atletico Madrid
According to the most recent rumours, Sheikh Jassim wants full ownership, while Ratcliffe’s Ineos petrochemicals behemoth is only interested in acquiring the Glazers’ 69% stake.
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