Kieran Maguire: Owners of rival club could now buy Man United amid Stock Market reveal
Crystal Palace owners John Harris and Dave Blitzer could theoretically buy a 9.9 per cent stake in Man United.
That is the view of finance guru Kieran Maguire, speaking exclusively to Football Insider about the latest takeover developments at Old Trafford.
The Daily Mail reported last Saturday (21 January) that Blitzer and Harris are considering bidding for a minority stake in United.
The investment duo were interested in a deal to acquire Chelsea last summer before eventually losing out to a consortium fronted by Todd Boehly.
Maguire explained that conflict of interest rules would limit them to only a small stake in the Red Devils.
“You can’t own more than 10 per cent of two clubs but you could go to 9.9,” he told Football Insider’s Adam Williams.
“What would be in it for the Glazers in selling 9.9 per cent is uncertain. If they were to sell that amount and they say they aren’t interested in any further investment in the club, it’s likely to have a negative impact on the share price.
“At present, that is determined by speculations. It is currently around $23 per share, but they will hope someone is going to come in for $27 or $28.
“Remember, it was at $10.5 last August. If the Glazers sell 10 per cent, there will be a lot of unhappy faces.
“That is because United’s fundamentals don’t support much above where the share price was a few months ago.“
In other news, pundit backs Man United to sign “amazing” Wout Weghorst replacement already after Sky update.