Kieran Maguire reveals Man United takeover ‘fear’ after £6billion news
Man United are no closer to finalising a takeover deal despite more volatility in their share prices this week.
That is the view of finance expert Kieran Maguire, who spoke exclusively to Football Insider about the chances of takeover talks accelerating once the transfer window has closed.
United’s stock market value continues to fluctuate as takeover talks continue, with share prices rising from £20.12 at the start of the month to £23.50 as of Monday (28 August).
The rise in stock value has added an estimated £300million to United’s stock value.
Reports this week claim that Sheikh Jassim is set to complete a £6billion takeover of the Red Devils by mid-October with his team currently completing due diligence on the deal.
However, Maguire fears that the finalisation of a deal is no closer with the Glazers leaving both bidding parties ‘frustrated’.
“As far as Manchester United’s share price is concerned, it’s showing volatile reactions to all types of news,” Maguire told Football Insider’s Sean Fisher.
“Some of the share price updates this week provide better news compared to what has been a bad news week for the club in regards to the Mason Greenwood affair.
“However, I fear we’re no closer to the finalisation of a takeover deal.
“The Glazers have left the two bidding parties frustrated with what they consider to be a fair price for a business that isn’t actually making profits on a year-by-year basis.
“To expect someone to come up with £6billion or more is not a particularly dynamic request.“
In other news, Man United line up Maguire replacement – he’s top target