Kieran Maguire on Man United takeover: Glazers to 'cash in' with £246billion partner
The Glazers could stay at Old Trafford and ‘cash in’ on Man United fans by opening up a new company at the club.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the Glazer’s latest investment plans at Old Trafford.
As reported by The Sun, the Glazers are yet to make a final decision on whether to sell their majority stake at club and instead they could stay put at Old Trafford and open up a new company.
According to the report, the Glazers could partner with Los Angeles-based Ares Management fund to create a new entity that pushes the club’s commercial output through “digital sales, video gaming, merchandise licensing”.
The Ares Management fund has assets of £246bn and would help fund the new company in a move which could see the Glazers stay put in Manchester.
Maguire believes a new company follows the corporate structure put in place by the Glazers at Man United.
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‘If you take a look at the corporate structure of Man United, then there is the overall holding company and then around 20 individual trading companies,‘ Maguire told Football Insider.
‘MUTV, the women’s team and now this potential new setup which will be used to cash in on fans will all remain separate.
‘This is fairly common in the corporate world and the reason for it is that the club could decide in the future to distribute part of their operations to a third party.
‘That becomes a lot easier to do if those operations are all represented as independent companies.
‘It is highly unlikely that this will be the case for Man United’s commercial arm, but I personally believe this is typical of the Glazers since their takeover in 2005.‘