Kieran Maguire reveals ‘leaked information’ amid ‘strange’ Man United takeover twist
The ‘strange’ new takeover bid from Sheikh Jassim will not persuade the Glazers to sell Man United to the Qatari bidders.
That is the view of finance expert Kieran Maguire, who exclusively told Football Insider that the takeover process has ‘lost the realms of reality’ in terms of valuation.
As per the Daily Mail, Jassim has submitted a fourth offer for Man United described as a ‘take it or leave it’ bid.
The improved deal is still for 100 per cent of the club and includes guarantees to fund community projects, develop the stadium and rid the club of debt.
However, the offer values United lower than Sir Jim Ratcliffe’s offer to buy a majority stake in the club currently owned by the Glazer family.
Maguire insists the valuation of the takeover no longer makes sense and added that information from both bidders is being leaked to improve public relations.
“I find the latest proposal strange because it is effectively an increase in the value of the bid, but it doesn’t make any difference to the Glazers as they won’t benefit from it.
“There is an element of PR to this bid, and what we are seeing is selective leaked information by the press agencies working on behalf of the bidders.
“None of it makes logical sense, but the whole Man United takeover has lost the realms of reality in terms of an appropriate valuation of the business.
“The benefit of clearing the debt and the commitment to not pay dividends is that it will generate an extra £40million per season that the Glazers were taking out of the club.“
In other news, Ratcliffe can ‘force’ Glazers to sell Man United as new takeover clause revealed