Yahoo Finance Manchester United owners admit openness to selling soccer team
Yahoo Finance Live checks out Manchester United's stock after the owning family considers prospects of selling the franchise.
Video transcript
DAVE BRIGGS: Man U, the 20-time Premier League champions report earnings today, another earnings story. And while shares are off slightly today, they've been on fire since the Glazer family acknowledged they're open to selling the team they've owned for 17 years.
Speculation has primarily focused on UK's richest man, British billionaire Sir Jim Ratcliffe. Ratcliffe said to be worth between-- big area here-- $8 and $22 billion, depending upon the source and where his stocks are at that very day. He was born in Manchester. He has remained a fan since he was young.
The sale, why it's interesting, all but certain to shatter the most expensive ever, which was the Walton-Penner purchase of the Denver Broncos for $4.65 billion. You're hearing numbers now, guys, north of $7 billion for the Red Devils, even going above $8 billion. Shares of Man U down fractionally today, but up 67% over the last month, as this story has continued to pick up steam.
SEANA SMITH: Yeah, certainly. Wall Street seems to be excited about the prospect of the Glazers selling the team. I know a lot of the fans are, Josh, just because they haven't won a title now in almost 10 years. So it will be interesting to see, to Dave's point, if they do, in fact, decide to sell, who exactly that potential buyer is going to be.
JOSH SCHAFER: The $7 to $8 billion is interesting to me, Dave, because where else have we heard that number? The Washington Commanders, right? I think I'd pay more for the Commanders than Man U. Maybe it's just me. American bias.
DAVE BRIGGS: That is an interesting point. Yes, I would, too, just based on the--
SEANA SMITH: You guys are both a little biased, though.
DAVE BRIGGS: We are, indeed, biased, but when you look at the amount these NFL teams have been increasing as assets, nothing is even close anywhere in the asset world.
JOSH SCHAFER: And everyone's selling European soccer teams right now. Why?
