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"Those within the industry" - Journalist drops big Man Utd takeover claim involving Glazers

Give Me Sport logo Give Me Sport 23/01/2023 Amos Murphy
Manchester United v Tottenham Hotspur - Premier League © Provided by Give Me Sport Manchester United v Tottenham Hotspur - Premier League

Manchester United’s owners, the Glazer family, have a “highly optimistic” valuation of the club, CBS reporter Ben Jacobs told GIVEMESPORT.

Jacobs hinted the Glazers believe United could be worth up to three times the price Todd Boehly paid to acquire Chelsea from Roman Abramovich in the summer.

Manchester United ownership news

After a tumultuous 17-year reign in charge of United, it looks as if the Glazer family’s spell as majority shareholders could be coming towards an end.

It was reported during the World Cup break that the Glazers had instructed the banks to handle the sale of United, amid fierce protests surrounding their ownership.

According to The Athletic, the most recent valuation of the Premier League outfit came in at around $4.6 billion, which equates to somewhere between £3.7 billion and £3.85 billion.

Having riddled the club with debt ever since taking over in May 2005, the Glazers’ tenure at Old Trafford has been a particularly unpopular one.

Now, with a sale more likely than ever, attention has switched towards predicting what a Glazer-free United might look like in the future.

CBS reporter Jacobs recently told GMS in an interview that sources suggested the Glazers were in favour of a majority sale, instead of a partial investment.

But, in the latest update, Jacobs hints the valuation set by the Glazers might not match up to the price suitors are willing to pay.

What has Ben Jacobs now said about the sale of United?

Issuing an update to GMS during an interview, Jacobs suggested there are some discrepancies starting to form between certain valuations.

On the potential sale, Jacobs claimed: “What’s going to be interesting is the price the Glazers get. We’ve seen estimations from a Forbes valuation at around £4.5 billion to an aspiration at the Glazers’ end to get above £8 billion.

“Within this whole process, the Chelsea sale is being used as a yardstick. So Chelsea’s actual sale price, excluding the promised investment, was £2.3 billion.

“The Glazers have always hoped they’ll get close to three times the sale valuation of Chelsea, because they believe the Manchester United club brand is bigger.

“But those within the industry feel like that is a highly optimistic number and that anything above £5 billion will be seriously entertained.

“The more suitors, the more competition and the more the Glazers can stick to their own valuation, the more that price might creep up towards £6 billion.

“So there’s a massive sliding scale on the projected price and when you start talking about £8 billion or upwards, it puts off a variety of suitors.”

Who might take over from the Glazers as United’s owners?

It’s no secret that British billionaire Jim Ratcliffe has held a long-time ambition to take over a Premier League side.

According to BBC Sport, the owner of INEOS – a British multinational chemicals company – failed in an attempt to take over Chelsea last summer, but is now a candidate for the United ownership.

Elite-level sport is no stranger to INEOS investment, with the British company having ties to football, running, rugby, cycling, sailing and Formula One.

Elsewhere, The Athletic also reported during the World Cup break that United co-owner Avram Glazer has held talks with potential investors from the Middle East.

However, it is believed any potential suitors from a Gulf nation would have “scepticism” around buying United for such a high price, the report read.

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