LONDON: Manchester United could add up to $2 billion to the club’s market value if they make investments to further monetize their global fan base, finance expert Neil Joyce told Reuters on Thursday. The club is negotiating granting exclusivity to the consortium led by Qatar’s Sheikh Jassim bin Hamad al-Thani in talks to sell itself for more than $6 billion, people familiar with the matter said on Thursday. A $6 billion-plus deal for United would be one of the biggest ever in sport and would value the club at more than 10 times last year’s annual revenue, according to Refinitiv data. “The future value of Manchester United will be huge,” said Joyce, CEO & co-founder of CLV Group. “We’ve calculated that there’s anywhere between 150 to 250 million of incremental revenue Manchester United can make through monetizing its global fans. If you look into how much enterprise value 250 million revenue would generate, you’re talking at least one and a half to 2 billion in additional market cap value. So, it would be definitely appetizing if you’re a current owner of Manchester United to look into the future. But equally, there needs to be a level of investment in Manchester United to capitalize onto that global opportunity.”
United finished third in the Premier League to secure a spot in the Champions League next season, but face a tough task to revive former glories. “When you look at the success of Manchester City … it’s really given a sense of what’s possible in terms of both success on the pitch and off the pitch as well,” Joyce said. United have over 650 million fans worldwide, according to market research firm Kantar, and a large number of them have been expecting a change of ownership amid club’s recent lack of trophies. According to Joyce, United should pay more attention to those who support the club from a distance.
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