Kieran Maguire makes Glazers 'letting go' claim after £75m Man United share transfer
The Glazers will not cede any control at Man United despite Ariel Investment’s recent share purchase.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the ownership model at Old Trafford.
Sportico reported on 10 September that Ariel now owns 13.8 per cent of the club’s publicly traded shares and more than 5 per cent of the total shares.
Their equity is now worth £75million in total and is the fourth-largest in Man U PLC – but they are still some way behind the Glazers.
The Glazers own the overwhelming majority of the club’s ‘B’ shares, which carry greater voting rights than market traders’ ‘A’ shares.
And Maguire claims that the controversial family will still maintain near-total control at Old Trafford.
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“The Glazers won’t let go of any power with this deal,” he told Football Insider correspondent Adam Williams.
“The more I read, it looks more like to me that Ariel already had an existing stake and this is just increasing it a little bit further.
“It’s noticeable that, if you take a look at the document, the share purchase took place on 31 August. That broadly tied in with the Ronaldo deal.
“What happened with that deal was the share price initially spiked, then there was an awful lot of profit-taking.
“But the share price then proceeded to drop down to near its previous level.
“That is indicative of the market thinking, yes, he’s a very good player, but is he going to increase United’s revenue significantly?”