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JUST IN; Manchester United could be sold for ‘amazing premium’ after Michael Knighton reveal

The Glazers would be open to selling Man United if an “amazing premium” is offered over the current share price.

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That is according to finance expert Kieran Maguire, speaking exclusively to Football Insider about Michael Knighton’s public interest in a takeover at Old Trafford.

Speaking to Man United The Religion (9 August), English businessman Knighton confirmed his plan to submit a formal offer to buy the Red Devils from the Glazer family.

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The Glazers are under increasing pressure to sell the club following back-to-back defeats in the Premier League.

On 10 August 2012, the Glazers listed Man Utd on the New York Stock Exchange with am opening share price of $14.00 – its current share price stands at $12.77.

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When asked by Football Insider if the Glazers may be tempted into selling, Maguire said: “It depends on how much of a premium is offered on the share price.

 

“I think the Glazers are of the view that Manchester United is significantly undervalued by the markets currently. There is a lot of potential upside in regards to the valuation. That is what the Glazers are focusing on.

 

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“It would take an amazing premium over the current market price for the Glazers to even consider selling. You would probably have to offer twice of what the shares are going for.

“It is not that long ago that Manchester United’s share price was considerably higher.

“The negative publicity following the Super League and the failure to qualify for the Champions League has perhaps been over-interpreted by the markets. United still has a huge following, huge commercial presence and is still playing in Europe this season.

“The Glazers feel that is not being taken into consideration by the market.”

 

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