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"They were expecting a greater uptake [for the sale of Man Utd] - we know there are only two public bidders, neither of them have got close to the £6bn valuation the Glazers want.
"They feel that the club when you look at the potential for commercial growth, how they factor in emerging markets and just what a massive sporting asset this is.
"It doesn't matter how much debt the club has, it doesn't matter how much the infrastructure is going to cost, it doesn't matter how much they owe in transfer fees. The Glazers believe you should be puffing your chest out to own Man Utd and if you take it from them you've got to put the money down.
"At the moment, it seems like they're very, very reluctant to part with the club especially if they don't get anywhere close to their valuation.
"I think they misread the market. Liverpool's owners, FSG, had the same thing. They looked at Chelsea, whose sale was completely different, there were sanctions imposed and it needed to be a quick-fire sale.
"The scale of interest told Man Utd and Liverpool owners that there would be greater interest because they are two bigger clubs, but that hasn't really been the case. There are few things bubbling underneath that show we might be getting too excited about a Man Utd takeover."