"Talking to people..." - Journalist drops major update over Amazon's potential bid for Man Utd

Last week controversial Man Utd owners, the Glazers, shocked the football and financial world by announcing they were exploring financial options that could include an outright sale of the club.

There has since been reported interest from British Billionaire Sir Jim Ratcliffe, US-based venture capitalists, oil-rich Middle Eastern states and technology giants Meta and Apple.

According to the Daily Mail, Amazon poses as "credible" and "serious" suitors to succeed the Glazers at Man Utd.

According to the Telegraph, the American owners are looking for a price “comfortably in excess of £5billion”.

Jacobs told the Done Deal Show: “One thing I want to add on all of this is that talking to people close to Amazon, and also other investor groups, every single one says the same thing and I think this is really crucial, that the price being quoted is way off.

“First of all, what you do is you set a price, that’s not a sale price, but it’s a yardstick price. and that yardstick price is a market valuation that can be assessed comparative to the Chelsea price, £2.3billion, all the way up to a prospective valuation of Manchester United now or in the future."