Man United £1.2bn reveal issued by Kieran Maguire after confirmed news

By Kieran Maguire

15th May, 2022 | 8:14am

Kieran Maguire issues '£1.2bn' Man United reveal after takeover announcement

It is no surprise to see other clubs keen to avoid a Glazer-style takeover given that Man United have paid out £1.2billion to banks and shareholders since their acquisition.

That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the terms of Todd Boehly’s purchase of Chelsea.

Chelsea confirmed last Saturday (7 May) that the American billionaire, 46, has agreed to take over in a £4.25bn deal.

Sky News reported earlier that day that insiders with knowledge of the deal have described a number of”anti-Glazer” provisos.

As well as the prohibition of any share sales for at least a decade, there are also strict limitations in terms of the amount they can pay out in debt and dividends.

Maguire explained why other clubs are reluctant to follow the United model.

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“In the case of Man United, the club has out £1.2bn to banks and shareholders since the Glazers’ takeover,” he told Football Insider’s Adam Williams,

“That money could have been spent much more effectively on infrastructure. They have spent money on the squad but they simply have not recruited well.

“There is a case for saying, if the money had been invested in Old Trafford, that would have been far more lucrative than money leaking out to shareholders and banks.”

United will finish at least nine points behind Chelsea this season.

They face Crystal Palace on the final day of the season next Sunday (22 May).

In other news, pundit suggests Man United are now “broken” amid “absolutely embarrassing” claim.