Now would be about the perfect time to release bad new, so I'm going with the theory that no news is probably good news right now.
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik (@Rood) and Jamie (@Vault Dweller) are here to talk about United's dreadful home defeat at the hands of Big Ange's Tottenham Hotspur. Should this have been the end of Ten Hag? How long does he actually have left? And does Nik finally want ETH out?!
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At least the TikToker had some eye candy. What do you have to say for yourself?
Yes and no.
People shouldn't read into normal daily fluctuations. Large movements do show how the market feels about shifts in probability of a full sale to Qatar vs partial sale.
Manchester United sale is free clout. Just say you know something and you are all over Twitter, CAF, and Reddit. Doesn't matter if you don't know anything.
FTFY
I knew it.
Not even Weghorst?
Judgement day for sunnyinitneymar and as expected she’s came up short. Unless something is announced later which I highly doubt.
The Glazers won't sell. I'm convinced of it. I really hope I'm wrong. We're doomed, doomed
Just looked into my magic crystal ball and there will be no big news tomorrow. Remember where you read it first. I´m extremely trustworthy.
that would surely add some perspective.Why does anyone believe that the public shareholders have any cause of action against the Glazers or the board if the Glazers' decide to take Sir Jim's offer and sell all or a portion of the shares that the Glazers own?
While the board is a fiduciary to the company and its shareholders, any offer to the Glazers' for their shares is completely independent from the board. The offer is for the Glazers' shares, which they are free to sell, hold, leverage, lend, etc. as they wish. If someone comes in seeking 100% of the club's shares or some or all of the club's assets, then the board gets involved and has liability for their actions (or inactions).
When shareholders sell their shares, the board (generally) has no say in the matter (I am ignoring the possibility of tag along, drag along or other shareholder rights that might implicate board action).
While the board is a fiduciary to the company and its shareholders, any offer to the Glazers' for their shares is completely independent from the board. The offer is for the Glazers' shares, which they are free to sell, hold, leverage, lend, etc. as they wish. If someone comes in seeking 100% of the club's shares or some or all of the club's assets, then the board gets involved and has liability for their actions (or inactions).
When shareholders sell their shares, the board (generally) has no say in the matter (I am ignoring the possibility of tag along, drag along or other shareholder rights that might implicate board action).
Oh yeah there will be some serious deflecting
Well in my case it's because I want Jassim to win so anything that might hinder Ratcliffe being successful bidder I am taking
+1 (I wish the Caf had an upvote function.)
You got nothing to worry about mate. There’s no chance they are staying. It’s going to be one of the two bidders. They don’t have the means to continue running the club without driving it into the ground. If they were staying there is no way even 5 of the best signings would soften the blow.
It has been suggested that for the chairmen of the company to negotiate such a deal against the interests of the shareholders would be a breach of company law in the Cayman Islands where the company is incorporated. I doubt many people here are experts on Cayman Island company law but hedge funders have made threats.
Betcha we find one...
It’s because of the volume of shares being sold. If they sell, say, their 69% holding that should trigger a right to buy the remaining shares. Ineos do not want to buy the remainder, so in all likelihood, if Ineos win, the remaining A class shares will plummet, rather than them being worth the same value as the Glazer shares.
Does anyone know/remember what time those quarterly financial results are released tomorrow?
(the ones that tell us if the Glazers pinched their dividends)
(the ones that tell us if the Glazers pinched their dividends)
It means people in the stock market are feeling less confident the takeover will happen soon.
I wouldn't take that bet...
The stock is steady at the moment.
The key word in what you wrote is "right" to buy...it's not an obligation to buy. Most takeover codes (including the Cayman's Companies Law and Code on Takeovers and Mergers and Rules Governing Substantial Acquisitions of Shares) apply when a shareholder has accumulated a significant holding in a company and want to force out the remaining minority shareholders. For Cayman, this threshold is 90% (i.e., once a shareholder has 90% of the shares it can force the remaining shareholders to sell).
I stole this from a client memo I received from a Cayman Island law firm a while ago "Statutory ‘unfair prejudice’ remedies are often employed by aggrieved shareholders who consider that the affairs of the relevant company are being conducted in a manner that is oppressive, unfairly discriminatory or unfairly prejudicial to them in their capacity as members of the company.....There is no free-standing statutory remedy for allegations of unfair prejudice in the Cayman Islands, outside the context of a winding up petition on just and equitable grounds under section 92(e) of the Cayman Islands Companies Act (2020 Revision)."
If Ineos just wants a portion of the shares, I don't think there is much that a minority shareholder can do about it.
Sale followed by De Jong, Kane, Onana to follow. And we all live happily ever after. RedCafe shuts down, we all go to Disney land.
More importantly some of those minor shareholders have also invested with the Glazers in other projects, so yes they would be a little bit peeved that the Glazers got $36-38 per share on their investment and they will get nothing but instead keep their money in a company run by SJR where the NYSE would instant fear a massive drop in the share value, thus losing these minority shareholders millions of dollars and in some cases hundreds of millions of dollars, why would the NYSE back them because they would be afraid that the company would be delisted from New York and listed in London, it’s simply fraught with financial risk and the compromise might be SJR having to buy 100% too !
Totally agree latest Twitter ITK rumour is the Glazers want confirmation that whatever they spend this summer will be reimbursed by Sheikh Jasim, you couldn’t make it up and he wants a deal. Fully agreed before he says yes to that! I think it’s time to all true united fans just switch off from all the noise!
He'll just say 'discussions are ongoing and when anything is finalised we will announce it'
That's it
There was a bit of a fall earlier but looks like its ending the day flat so nothing to see here
https://g.co/finance/Man Utd:NYSE
Tomorrow, protest at the megastore before opening time at 10am, fiscal accounts out at 12pm...
From what I can see, both shirt release and accounts being published are a week or two earlier than normal.
Thanks Ken. All my love to Deirdre
If that was the case then Sheikh Jassim could easily just say yeah no problem, don’t sign anyone, I’ll sort it out myself when I takeover.
Results announced tomorrow but think AGM on Wednesday
So the twitter rumour didn’t come to pass.
So for more desperate people there’s this article.
https://www.benzinga.com/analyst-ra...-sale-expected-pre-q3-earnings-implications-f
Suggests announcement is tomorrow ahead of AGM
I’m amazed this hasn’t blown up they are extremely reliable and up there with Reuters wall st journal.
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So for more desperate people there’s this article.
https://www.benzinga.com/analyst-ra...-sale-expected-pre-q3-earnings-implications-f
Suggests announcement is tomorrow ahead of AGM
I’m amazed this hasn’t blown up they are extremely reliable and up there with Reuters wall st journal.
MAJOR
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Pilib De Brun? Well I'm convinced ...
You blind? He's not the source he's commenting on an interesting article.
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