Kieran Maguire: ‘Man United are now worth £10billion’ – ‘formal announcement’ possible soon
The Glazers believe Man United are ‘vastly undervalued’ and want bids of £10billion to sell the club.
That is the opinion of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the Red Devils being taken off the market by their owners.
As reported by the Daily Mail, United will be taken off the market by the Glazers despite receiving bids from Ineos and Qatar.
The story comes just days after the transfer window closed in England.
The Glazers have reportedly placed a £10billion asking price on the club, significantly more than they initially asked for when the club first invited offers in November.
Maguire believes the Glazers will have increased their asking price after seeing the valuation of Barcelona and Chelsea.
“I don’t think the Glazers were trying to avoid a sale of the club,” Maguire told Football Insider’s Sean Fisher.
“When Chelsea were sold for £2.5 billion in May 2022, it did effectively re-jig the valuation of all football clubs.
“But I think the Glazers have seen the significant values being ascribed to different elements of Barcelona, where the club has used what they refer to as economic levers, which seem to have the characteristics of payday loans.
“The Glazers have added those up and in their heads, the club is now potentially worth somewhere in the region of £10billion.
“If the market does not agree with that, then the Glazers are quite happy to sit.
“They’ve taken significant sums out of the club in the form of both dividends and share sales so they’re certainly not in need of cash.
“They still believe that football is vastly undervalued by the markets and they can extract further value.
“So it’ll be interesting to see whether there’s a formal announcement from the Raine Group or from the club itself with regards to a prospective sale.“
In other news, Kieran Maguire shreds Man United ‘leaks’ after Mason Greenwood U-turn