Glazers push back date of Man Utd sale as valuation questioned

Football
1 Mar 2023 • 6:49 AM MYT
Tribal Football
Tribal Football

Tribal Football covers news from the Premier League, LaLiga and Serie A

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The sale of Manchester United is set to be pushed back as the Glazers demand their valuation be met.

The takeover is set to be delayed until May with the Glazers intent on securing their 6bn valuation.

A number of bids have been launched for the Old Trafford club in the last fortnight.

Sheikh Jassim bin Hamad al-Thani and Sir Jim Ratcliffe both offered a maximum 4.5bn.

And The Guardian says any takeover is set to be delayed until May.

The Glazers are intent on securing their 6bn asking price for Man Utd.

That is despite the latest valuation of United by financial experts.

The Glazers' 6bn asking price has been put into starker context by the latest valuation of the club by the Financial Times' Lex" column.

Using a calculation known as discounted cash flow analysis", United was valued at just 1.32bn, less than a quarter of the 6bn the Glazers want.

That valuation, though, does seem on the low side with United shares, trading on the New York Stock Exchange, giving a figure of 2.8bn, while evaluating the club based on revenues - and using the model set when Raine sold Chelsea to Todd Boehly last summer - gives a total of 3.55bn.

Those numbers may prompt the declared bidders to go low", with Ratcliffe's Ineos petro-chemicals giant targeting just the Glazers' 69 per cent stake rather than a complete takeover while Sheikh Jassim wants full ownership.