Manchester United Price Tag Set at 4 Billion Pounds, Irish Mirror Says

Read more at www.bloomberg.com

Manchester United’s U.S. owners would be prepared to sell the English Premier League club — one of the 12 teams that signed up for the ill-starred Super League — for 4 billion pounds ($5.6 billion), the Irish Mirror reported Saturday.

The Glazer family thinks the price tag is justified because the storied club will be able to secure significant sponsorship deals even after the Super League collapsed in the past week, the newspaper reported, without citing the source for its information.

The report wasn’t clear if the price referred to the Glazers’ majority holding or the value of the whole company. No one was available to comment at United outside of normal business hours.

The short-lived existence of the Super League, which imploded in a matter of days following opposition from supporter groups, players and politicians, has prompted speculation on how long U.S. owners will maintain their presence in English soccer. The abrupt failure of a U.S.-inspired model that largely closed the competition to elite clubs has, for now, curbed the financial upside of owning an English Premier League team.

The founding teams, originally envisaged to total 15, would have shared an upfront payment of about $4.2 billion. The controversy has prompted several potential buyers to express interest in taking over U.S.-owned assets.

Read more at www.bloomberg.com

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