Manchester United Sale: The Glazers are divided over the club’s valuation according to sources close to the sales process.
The Glazers have hired the Raine Group, a financial advisory firm with offices in the US, to locate a buyer prepared to provide between £6 billion and £7 billion.
But at least one of the brothers has privately expressed concern that the offers might be much lower.
Some family members might be open to accepting offers under £5 billion, according to the source.
The majority of the family is reportedly still optimistic about the price and wants to see several bids present themselves in order to raise the price.
It is also believed that the Glazers have not made up their minds on whether to sell the club entirely or keep a sizable portion.
According to the most recent rumors, two Saudi Arabian private groups want to participate in the auction.
According to reports this week, prospective purchasers have been told to make a one-paragraph offer on Friday with proof of money attached, stating only the amount and equity.
Only five firms, according to insiders familiar with the process, are likely to be the new owners of Old Trafford out of the groups that have so far expressed interest in gaining access to a small number of shares.
The practice of narrowing as many as 20 offers down to just two or three preferred bidders will be started by United’s New York bankers.what
The sole bidder who has openly expressed interest is still Sir Jim Ratcliffe, a British petrochemicals tycoon who has enlisted the support of two top investment banks, JP Morgan and Goldman Sachs. The United States, Qatar, China, and Singapore are anticipated to submit additional offers.
Football clubs have been surreptitiously placed up for sale in record numbers.
Experts in mergers and acquisitions believe “more than half of the 92 Premier League and EFL clubs are currently on the market”.
Recently, Begbies Traynor consultant Gerald Krasner said: “The escalating financial problems of running a football club have seen many club owners run out of steam to the extent that, behind the scenes, more clubs are in fact up for sale than we have seen for decades.”
How Much Is Manchester United Worth Currently?
A company’s market capitalization, or the current stock price multiplied by the number of outstanding shares, often represents how much it is worth.
The value of Manchester United as of February 10, 2023, is $3.88 billion.
Manchester United Football Club, also known as Man United, Man Utd, or simply United, is an English professional football team with their home stadium located in Old Trafford, Greater Manchester.
The Premier League, the top tier of the English football league system, is where the team participates.
It was established in 1878 as Newton Heath LYR Football Club and was given the nickname “the Red Devils.” In 1902, it changed its name to Manchester United.
In 1910, the team relocated from Newton Heath to Old Trafford, where it now plays.
Manchester United has records for the most League titles (20), FA Cups (12), League Cups (5), and FA Community Shields (21) ever won.
They have three European Cup/UEFA Champions League victories, as well as one each of the FIFA Club World Cup, UEFA Europa League, UEFA Cup Winners’ Cup, UEFA Super Cup, and Intercontinental Cup.