Old Trafford side set for change of ownership.
A leading football finance expert claims Manchester United owners, the Glazer family, are readying a sale of the club.
David Bick, chairman of Square1 Consulting, believes the owners forthcoming IPO is simply the first stage in the sale of the club.
United’s owners, the Glazer family, will make 10% of shares available on the New York Stock Exchange next Friday and should raise at least $300 million, which would make the club’s total value over $3 billion.
Bick believes the club is overvalued, which he believes adds fuel to his assertion.
SOURCE: Click Manchester
There are many Man United fans who would welcome the departure of the Glazers as the Old Trafford club’s owners though efforts to do so may well be hampered by the huge debts the Premier League side are saddled with.
This source puts those debts at around a massive £437m, of which £75m will apparently be paid off by the share flotation, still making any potential sale a problematic one.
The Glazers have come in for a lot of abuse during their time as owners of Man United though boss Sir Alex Ferguson has consistently defended the Americans since they took over back in 2005.
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