Kieran Maguire issues 'huge' Man United takeover verdict amid Facebook claim
The Glazers will only sell their controlling class B shares in Man United in the event of a fully-fledged takeover.
So says finance guru Kieran Maguire, speaking exclusively to Football Insider about the recent share transfer involving Ariel Investments.
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 most recent share purchase boosted their equity in the club to beyond the £75million juncture.
But Ariel’s allotment is made up entirely of class A shares, which carry far less significant voting rights than the Glazers’ B shares.
And Maguire insists that the only reason the Glazers would ever have to relinquish the B shares is if they decide to pull out of the club entirely.
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“They won’t give up the B shares,” he told Football Insider correspondent Adam Williams.
“That is because 72 per cent ownership of the whole share pool gives them 96 per cent of control when it comes to votes.
“It’s the same with Zuckerberg and Facebook and so on. The market has accepted that.
“There is no rationale whatsoever in giving up unless it’s part of an overall takeover deal. In that case, they would cash in and make a huge profit.
“I suspect that the small print is that every member of the family would have to buy into a deal if they were in negotiations with a prospective buyer.
“In that case, the B share rights would be rolled over to a new owner that would reap the benefits.”