Man Utd is probably worth billions less than what its owners want to sell it for, study suggests
The race to buy Manchester United is heating up, with prospective bidders for one of the world's biggest soccer clubs readying multi-billion dollar offers.suggests the club, whose Carabao Cup victory Sunday helped secure its first silverware since 2017, could be worth billions less than its owners think.
United's American owners, the Glazer family, are reportedly looking for at least $6 billion to part with the club, . That's a big premium on the club's market capitalization of $3.7 billion, and its enterprise value — market cap plus net debt — of $4.5 billion.The publication looked at earnings multiples of previous sales of other clubs, cash flow, and revenues compared with its competitors to determine its own assessment of United's fair value.
Two parties have formally expressed interest in bidding for United: British billionaire and lifelong fan Jim Ratcliffe and Qatari Sheikh Jassim bin Hamad al-Thani. Thethat both parties had been urged to increase their offers if they wanted to acquire the club. The Glazers are being advised on the sale by investment banking firm Raine Group. Activist investor Elliott Management has reportedlyMan Utd's share price has been largely stagnant during its time on the New York Stock Exchange. News that it was planning a sale in November saw shares jump more than 60% in the space of a week, while initial news of a Qatari bid
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