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United for sale

After 17 years of ownership, the Glazers have made it known that they are willing to sell Manchester United.  The price obtained for Chelsea may have pushed them towards a sale.  Also, money needs to be spent on Old Trafford and the training ground.

Football finance guru Kieran Maguire reckons the club could for £4 to £4.5 billion, a nice profit on the original debt funded £790m.  Although a minority stake is available, he reckons a new owner would want to be in charge of the decision-making.

An American owner seems most likely.

The club's share price went up by 15 per cent after news of the sale.  Market capitalisation is only $2.5bn, but Forbes values the club at $4.5bn.

The Times says the Glazers want £6 to £8 billion because of the club's global digital appeal.

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