THE GLAZERS are planning to complete a sale of Manchester United by the end of March.
Joel and Avram Glazer decided to place the club on the market at the end of last month due to the other four siblings wanting to cash in since 2012.
The brothers also considered buying their siblings out and consulted private equity firm Apollo about the idea.
Investment banking group The Raine Group are now acting as financial advisors to the family and have valued the club between £6billion – £7bn.
But financial experts feel that asking price may be a little high given the price of club shares, report The Athletic.
United's stock price has risen from £10.61 to £16.28 per share since the sale was announced, but it is felt that price should have increased more sharply to reflect the £7bn demand.
READ MORE ON MAN UTD
United stars return to club from World Cup, Gakpo and Gvardiol transfer news
World Cup 2022: Get £20 in free bets to use with Sporting Index
In fact, shares have decreased from a high of £18.50 last week.
It is believed only nation-states would be able, or willing, to pay upwards of £7bn.
While Saudi Arabia's Public Investment Fund may be interested, Qatar’s Supreme Committee reportedly believe Premier League clubs are now valued too highly.
And investors from Dubai are now more interested in tourism, with ruler Sheikh Mohammed bin Rashid Al Maktoum a Liverpool fan.
Most read in Football
Fans are all saying the same thing as Mbappe chats to Lloris before Kane penalty
England ref was on VAR at last World Cup & had already been blasted in Qatar
Fans say same thing as 'gutted'England hero Maguire posts emotional message
Kane breaks silence over missed penalty as England crash out of World Cup
HOW TO GET FREE BETS ON THE WORLD CUP
That opens the door to other bidders – and there is no shortage of interest despite the hefty price tag, with Raine keen to avoid timewasters.
Sir Jim Ratcliffe approached the Glazers in the summer about buying the club and is expected to enter the running, though will likely need help from other investors.
Indian businessman Mukesh Ambani, worth a reported £73bn, has also been tipped as a possible interested party.
There is also reported interest from Facebook and Amazon, though a spokesperson from the later refused to comment on the rumour.
Apple and clothing giant Zara have also moved to deny they were considering a bid.
There could also be offers from the various American parties that tried to buy Chelsea earlier this year.
Sir Martin Broughton organised a consortium to purchase the Blues, as did Atalanta owner Stephen Pagliuca – both are being linked to United.
However, Raine are yet to hold serious talks with any interested party.
Source: Read Full Article