Times: The Glazer family faces legal supervision and other questions
Live broadcast on August 12, the Times reported that if the club might be sold, Woodward, the former executive vice chairman of Manchester United, would earn a considerable income from his shares, however, the specific amount may depend on which party’s bid is successful. As the Glazer family faces legal and regulatory problems, Manchester United’s acquisition has temporarily stagnated.
Sir Jim Ratcliffe offered to buy 69 percent of the club, namely the B shares owned by the Glazer family with voting rights. The deal valued Manchester United at 6 billion pounds. As far as the current situation is concerned, this does not include the acquisition of Class A common stock traded on the New York Stock Exchange. The latest share price of these stocks is slightly lower than $23. According to the latest records, Woodward owns 551486 Class A common shares, which are sold on the stock exchange Yogueta and worth about US $12.75 million (about 10 million pounds). However, if Qatar succeeds in acquiring 100 percent of the club’s shares at 5 billion pounds, the value of these shares may be as high as 26 pounds per share, so it is worth more than 14 million pounds for Woodward.
Because the Glazer family faces legal and regulatory problems, the acquisition has stagnated. People familiar with the matter said there were rumors that Ratcliffe and his innix group were exploring imaginative ways to break the deadlock.
Woodward has kept his opinion since he resigned from Manchester United in January 2022, but it is believed that he will reveal his opinion in a new book about the club and the Glazer family written by financial writers, this book will be published at the end of October.
(eagle)