Under the club’s current two-class share structure, the Glazer family owns approximately 67% of Manchester United through Class B shares, along with approximately 96% of the total voting rights.
On the other hand, minority holders of A-class (preferred) shares worry that a partial sale may mean that they will not get a clear exit opportunity, especially since the chances of the stock’s upside are not guaranteed.
Bets on a further drop in the stock
The American family has asked the remaining bidders for the Premier League team to increase their bids and prove they can complete the proposed deals, the Financial Times reported over the weekend.
British billionaire Sir Jim Ratcliffe and Sheikh Jassim bin Hamad Al Thani, son of the former Emir of Qatar, are among the contenders in the final round.
It should be noted that other, smaller offerings are being considered as well. The Carlisle Group is in talks to buy a minority stake in the club, according to a Sky News report quoting an unnamed person familiar with the matter.
Carlisle is in negotiations to buy a minority stake in Manchester United
More than 2,000 $22 put options expiring Friday traded against $20 put options expiring Monday, June 16, according to deal trading data compiled by Bloomberg, which could indicate that investors are extending their bets to a downside. New and profitable shares for a longer period.
2023-04-18 07:56:02
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