Kieran Maguire makes 'huge' Man United claim as £137m deal agreed
Man United may have reached its peak value – and that is why the Glazers are “looking at other investments”.
That is the view of finance expert Kieran Maguire, speaking exclusively to Football Insider about the latest developments at Old Trafford.
As per The Guardian on 4 October, the Glazer family have parted with nine per cent of their shares in a £137million deal with the Bank of America.
United’s price as a PLC on the New York Stock Exchange has risen in recent weeks thanks to the arrival of Cristiano Ronaldo.
The share sale pocketed the Glazers nearly £16m more than it would have done before Ronaldo was signed on 27 August.
But Maguire explains that the Glazers will not cede a great deal of power at United despite their decision to offload nine per cent of their equity.
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“This is estate planning,” he told Football Insider correspondent Adam Williams
“Even if they sold all of their A shares that are listed on the NYSE, they would still have over 90 per cent of the shares.
“This is cash flow management and tax planning from the Glazers, I believe.
“There’s a case for saying that, on the back of the failure of Super League and Big Picture, that Man United have reached their peak.
“There isn’t a huge amount of room for them to move up into, in terms of the stock market.
“Maybe they are now using that money to look at other investments.”