Glazers' Man Utd valuation 'just doesn't add up' as De Gea responds to contract 'noise'
According to football financial expert Kieran Maguire, the Glazers' valuation of Man Utd at £6 billion is not 'accumulating' as they seek to sell the club.
Second bids from interested parties were submitted to Raine Group - the US bank managing the process - last week, but some reports said these bids were still "lower" than Glazers' valuation.
INEOS founder Sir Jim Ratcliffe and Sheikh Jassim, chairman of the Qatar Islamic Bank and son of a former Qatari prime minister, have reportedly submitted new offers of around £5bn.
>Finnish businessman Thomas Zilliacus is the only other interested party to go public with his candidacy with reports that there could be up to eight Premier League contenders.
The Glazers acquired Man Utd for £750million in a high-leverage deal in 2005. After a controversial reign, they announced they were looking for 'strategic alternatives' which could include a sale last year.
But Maguire feels they have somehow overvalued the club, with the football finance expert insisting that 'the numbers just don't add up'.
>"When you look at the cash generated by the business, it's nowhere near £6 billion," Maguire told the Daily Mail.
"Last August, the market valued United at around £2 billion. Potentially that's now worth double that, but more and you really should be crossing your fingers. science.
"You look at how much money the company is likely to make over the next 10 years and then add some magic numbers. I did this with United and, being generous with forecasting, I found £2.8 billion.
"The only way it would be worth close to £6 billion would be if you could take control of the broadcast rights and sell them yourself. As we saw with Project Big Picture, that's not going to happen. not, so the numbers just don't add up."
Man Utd claim to have a global audience of around 1.1 billion, while they have 145,000 on a waiting list for season tickets.
Maguire added, "If you could turn all those subscribers into money, you might have a chance."
Man Utd are also looking to cut their wage bill with reports that goalkeeper David de Gea recently rejected their first offer to renew his contract.
It has been described as a "good proposal" by sources and the negotiations are still expected to "produce a positive conclusion" despite the early rejection.
De Gea insists he is only focused on his football rather than the 'noise' that follows him and the club everywhere.
The Spaniard told Sky Sports: "I've been here for many, many years, enjoying every moment at this club playing many games. Of course it's great to be here, it's a huge club and I love the club and I'm really happy here, of course.
"It's been the same for years, there's a lot of noise around the club but the players just focus on the games, especially the one we have on Sunday - a huge game for us because we want to finish in the top four.
"As I said, we have many, many games so I think we have to really, really take care of training, recover well, help the team and that's the most important thing , more than contracts or anything."
READ MORE: Big weekend: City v Liverpool, Hodgson, Spurs, McTominay, EFL Trophy final, Der Klassiker
According to football financial expert Kieran Maguire, the Glazers' valuation of Man Utd at £6 billion is not 'accumulating' as they seek to sell the club.
Second bids from interested parties were submitted to Raine Group - the US bank managing the process - last week, but some reports said these bids were still "lower" than Glazers' valuation.
INEOS founder Sir Jim Ratcliffe and Sheikh Jassim, chairman of the Qatar Islamic Bank and son of a former Qatari prime minister, have reportedly submitted new offers of around £5bn.
>Finnish businessman Thomas Zilliacus is the only other interested party to go public with his candidacy with reports that there could be up to eight Premier League contenders.
The Glazers acquired Man Utd for £750million in a high-leverage deal in 2005. After a controversial reign, they announced they were looking for 'strategic alternatives' which could include a sale last year.
But Maguire feels they have somehow overvalued the club, with the football finance expert insisting that 'the numbers just don't add up'.
>"When you look at the cash generated by the business, it's nowhere near £6 billion," Maguire told the Daily Mail.
"Last August, the market valued United at around £2 billion. Potentially that's now worth double that, but more and you really should be crossing your fingers. science.
"You look at how much money the company is likely to make over the next 10 years and then add some magic numbers. I did this with United and, being generous with forecasting, I found £2.8 billion.
"The only way it would be worth close to £6 billion would be if you could take control of the broadcast rights and sell them yourself. As we saw with Project Big Picture, that's not going to happen. not, so the numbers just don't add up."
Man Utd claim to have a global audience of around 1.1 billion, while they have 145,000 on a waiting list for season tickets.
Maguire added, "If you could turn all those subscribers into money, you might have a chance."
Man Utd are also looking to cut their wage bill with reports that goalkeeper David de Gea recently rejected their first offer to renew his contract.
It has been described as a "good proposal" by sources and the negotiations are still expected to "produce a positive conclusion" despite the early rejection.
De Gea insists he is only focused on his football rather than the 'noise' that follows him and the club everywhere.
The Spaniard told Sky Sports: "I've been here for many, many years, enjoying every moment at this club playing many games. Of course it's great to be here, it's a huge club and I love the club and I'm really happy here, of course.
"It's been the same for years, there's a lot of noise around the club but the players just focus on the games, especially the one we have on Sunday - a huge game for us because we want to finish in the top four.
"As I said, we have many, many games so I think we have to really, really take care of training, recover well, help the team and that's the most important thing , more than contracts or anything."
READ MORE: Big weekend: City v Liverpool, Hodgson, Spurs, McTominay, EFL Trophy final, Der Klassiker
What's Your Reaction?
