By Kieran Maguire

17th Oct, 2021 | 1:23pm

Kieran Maguire: Glazers shattered after £442m Man United development - and Newcastle to blame

The share price of Man United has dropped amid fears of losing out on £150million-a-year in future seasons.

That is the view of football finance expert Kieran Maguire, speaking exclusively to Football Insider about the impact of Newcastle United’s takeover on the Red Devils.

As relayed by Maguire on Twitter, United’s shares fell by £442.6million in a week, in part, due to the threat of increased competition from Newcastle under new ownership.

However, the primary factor was the Glazer family’s sale of £9.5million of their shares.

Maguire is adamant the takeover was ill-received by the Glazers.

“The biggest driver of the drop in share price was the decision by Kevin and Edward to put a quarter of the shares which are trade on the market up for sale,” he told Football Insider‘s Dylan Childs.

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“But, the takeover at Newcastle also played a part. If Newcastle are going to be competitive at the top end of the league it will not help Man United. Six into four doesn’t go particularly well, and seven into four is of course worse. It will be another team competing for the Champions League spots.

“When you are valuing any business, not just a football club, you value it on the basis of your future expected cash flows.

“If it is more difficult to qualify for the Champions League it is a problem. Participation in the Champions League can be worth £150million a year.

“There will be no joy at Glazer HQ with the Newcastle deal going through.”

In other news, four big names expected to leave Man United in January after a newspaper update.