Summary
WILL the Glazers buy Manchester United? And does it matter if they do? I say, no they won't and yes it does. United will be valued at around Pounds 800million, and no one in the financial community thinks that's a snip.
First the takeover. The Glazer family company already holds 19 per cent of United so it needs to raise around Pounds 640m to take the rest.See the full content of this document
Extract
Why Glazer's Bid Is a Bad Deal All Round
That means as well as keeping its current stake in play, it will have to put in around Pounds 130-150m more of Glazer's own money to leverage the rest from the banks, unless he can find other equity players to come in with him.
Messrs Magnier and McManus have already said they won't join in, they just want cash to exit, and I can't see anybody else telling him anything different.Glazer is pro...See the full content of this document
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