Kieran Maguire: Man United takeover ‘open to manipulation’ as documents filed
The Man United takeover process is open to ‘market manipulation’ and any updates have to be treated with caution.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the latest updates in United’s takeover saga.
As revealed by Football Insider on Friday (16 June) a new Companies House submission was filed naming Sheikh Jassim as a director of a new UK company named ‘Nine Two UK Holdings Limited’.
That news followed a soar in share price in United’s stock value on the New York Stock Exchange, where prices rose over 20 per cent.
Despite the updates, the Glazers are still yet to reveal their decision on whether they will sell the club to either Jassim or Sir Jim Ratcliffe this summer.
Maguire insists that Twitter accounts or Company House filings can manipulate the market so all updates should be treated cautiously.
“I think in the case of the Manchester United takeover process, we’ve seen a series of one step forward two steps back.” Maguire told Football Insider’s Sean Fisher.
“This Companies House filing is further evidence of this.
“There’s a very jittery stock market at present and we’ve seen price surges as far as Manchester United’s share is concerned.
“It is open to market manipulation.
“You only have to set up a Twitter account or to lodge something on Company House.
“So I treat this news with a degree of caution.“
In other news, Kieran Maguire hits out at new Man United takeover ‘rumour’ on social media