‘I would be surprised’ – Finance expert drops interesting Man United takeover claim
Kieran Maguire, a football finance expert, claims that Manchester United enabling possible takeover bids to access their financial data will not result in any significant revisions to their valuations of the club.
As part of the buyout process, the Premier League club will grant bidders, namely the Qatari consortium led by Sheikh Jassim bin Hamad Al Thani and Sir Jim Ratcliffe, access to secret financial data.
Ratcliffe has now stated that he will not acquire the club for a “stupid” sum, with the Glazers reportedly valuing United at £6 billion.
As a result of this, one finance expert has shared his thoughts on the club enabling bidders to access their financial details.
Maguire revealed to Football Insider what is going on behind the scenes at Old Trafford.
“I would be astonished if access to further information resulted in a major shift in bidders’ perceived value of Man United,” he said.
“They have previously had access to big amounts of data and the club is also listed in the New York Stock Exchange which means the club has to have a large quantity of public information up to date.
“As a result, I assume the bidders have already seen more than enough to form an accurate opinion of what the club is worth.”
“A few minor nuances may raise the price significantly, but I don’t expect a significant shift in approach if they acquire access to more data.”
A high-level delegation of Sheikh Jassim personnel visited Old Trafford recently before taking part in presentations at United’s Carrington training facilities, which Shortly later received the same treatment.
In terms of the club’s price, the Daily Mail has reported that the Red Devils are set to be sold for a world record fee of more than £5 billion, with bids from Ratcliffe and the Qatari consortium expected.
A fan poll conducted by The Athletic found that the majority of United fans would want Ratcliffe to take over from the Glazers rather than Sheikh Jassim.
As a result, despite his recent reluctance to pay what he considers an unfair price for the club, United supporters will be hoping for a transaction in which the Englishman takes complete control.