In November 2022, the Glazer family announced the launch of a reflection around the shareholder future of Manchester United in order to give new impetus to the club. Almost a year later, no major decision has yet been made even though Sir Jim Ratcliffe, boss of INEOS, should soon become a minority shareholder in the Red Devils. A diagram which opens the hypothesis of a transition period during which each actor will have to find their place in governance. Decryption.
It only took a few minutes in November 2017 for the famous painting attributed (wrongly?) to Leonardo da Vinci, Salvator Mundi, to find a buyer for… $450 million (€425 million). As valuable as it is, the sale of a major European football club clearly takes much longer.
Thus, almost a year after beginning a reflection on the shareholder future of the Red Devils, the Glazer family, majority shareholder of the Mancunian club, has not formalized any major decision on this subject. She would also have received only one offer aimed at buying all of the club’s shares, from Qatari businessman Jassim bin Hamad Al Thani, son of the former prime minister of the Emirate. Hamad Ben Jassem Ben Jabr Al Thani. An offer whose amount did not reach the objective set by the Glazer family, estimating the value of Manchester United between $6 and $8 billion.
Finally, it is the British businessman Sir Jim Ratcliffe who should pocket the stake by soon becoming… a minority shareholder in Manchester United. According to various sources, the boss of INEOS and notable fan of the Red Devils, should very soon acquire 25% of the capital of the club by buying part of the shares of the Glazer family but also of small holders – Manchester United being listed on the stock exchange of New York. A transaction which would value the Premier League club at an amount between $6 (5.7) and $6.5 billion (€6.1 billion).
The Glazer family too greedy about Manchester United?
The low number of candidates for the takeover of Manchester United may raise questions at a time when many European clubs or even North American franchises are changing hands with constantly rising valuations.
Manchester United, a shareholding difficult to redefine
2023-10-23 14:40:38
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