Finance guru can’t believe Man United takeover latest – ‘this doesn’t add up’
It is unlikely that the Glazers will sell a significant stake in Man United any time soon as some of the numbers simply “don’t add up” at this stage.
That is the view of finance expert Doctor Dan Plumley, speaking exclusively to Football Insider about the possibility of a takeover at Old Trafford.
The Independent reported last Thursday (17 August) that three parties are interested in a buyout and that the Glazers value their stake at £6billion.
Per the Daily Mail the same day, the deeply unpopular family are now in exclusive talks to sell a minority stake to US private equity firm Apollo.
Protests against the Glazers were staged in the build-up to United’s surprise 2-1 win over Liverpool on Monday (22 August).
But Plumley forecasts that they are unlikely to cede total control at the Theatre of Dreams any time soon.
“There is a little bit of noise in this for me,” the Sheffield Hallam University expert told Football Insider’s Adam Williams.
“I’m not sure we are about to see a full takeover any time soon. It takes time to get to that stage, so I’m cautious. There are some things that don’t add up at this point.
“On the valuation, that is high working against a lot of the valuation work I’ve been involved in. You would probably put United closer to £1.5bn to £2.5bn. You could maybe stretch that a bit further because it’s United.
“They will always look to get value in the sale, but £6bn is a big asking price and that is another reason I think it’s probably not going to happen quickly.”
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