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Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
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And in the extremely unlikely event something is announced by a journalist it'll be a City/Biz journalist like Klienmann or Faisal Islam not any of the above or any other sports journalist
That was exactly my point.
I was commenting on the specific wording used to describe the source, not the article itself.
Our own fecking Robhinho moment
How?
This imminent news of Jassim winning (announced tomorrow) - kind of explains why we're going after Rice, Caicedo and Mount in recent days
Some results being posted tomorrow i think. All I know is, buy low, sell high.
I hope so because I just want to get this sale done so we can start focusing on pressing issues with our football teams - men's and women's alike.
If SJR only wants to buy the Glazers’ shares, the board does not necessarily have the authority to approve the sale of shares or even a role to play in the transaction. If SJR wants all the shares, the assets of the club, propose to merge an entity he owns or controls with the club, or enter into a commercial contract with the club, then the board might have something to approve.
In that instance, the Glazers almost certainly will be recused from voting on the board for the very same reason you’ve mentioned, they have a conflict of interest. The board’s independent directors would provide any approval that might be required.
What? And no Mbappe? The cheap cnut.
My 1st thought
No time to pump the stock up to $38
If this is true (Jassim winning) I´m gonna celebrate this day more than X-mas.
Just sounds like yet another outsider's opinion.
Sheldon Cooper is the best source in weeks
Yeah someone's dart will hit the bullseye
Pilib de Brun is the worst journalist on the planet.
Yeah that's the one positive of this
What makes you think it will be within 2 weeks
Correct me if I am wrong. Raine is employed by the club, not the Glazers. If the SJR offer is deemed as a personal offer to the Glazers, why would Raine in their capacity of managing the bids for Manchester United be involved in dissecting it or even comparing it to SJ offer as that would then be the only offer which would be considered for a Board decision as per your explanation.
The glazers have killed all the buzz out of this takeover saga by dragging this through the transfer window. They're the number one killjoy when it comes to transfers and now takeovers. I only look forward to a new era, the announcement of Sheikh Jassim won't hit the same way as if it was announced back in April Or May, as we could strategise our targets a lot better and we'd see some changes to the backroom staff with the likes of Arnold and Murtough being given their well deserved p45's
Today then
Not really, he could well win tomorrow but expect another 2 or 3 months before he becomes owner.
Not sure if he'd be allowed to spend before that?
And start with a new team in the middle of the transfer window?
I have done zero research into this but how could City launch a bid for Robinho on deadline day when they just got taken over back in 2008.
He's not a journalist, he's a guy who tweets about united and boxing.
I admire anyone who finds something to say in here
That was pre FFP.
Don't take the transfer muppets hope away with common sense mate.
Okay, then he is the worst united and boxing tweeter on the planet.
All great points above and by other Cafe members.
The very fact that even we can identify so many weaknesses would be points clearly not be lost on the share investor groups.
As a minimum all they need is an arguable case which, even on the bare bones, we can see as simple bystanders. Those investor groups are battle hardened take no prisoner types and will go for the kill.
If it goes to court then they would want everything disclosed, and even using my Poundland calculator with not enough digits to go into a billions, everyone will be able to see that the share price, if sold to Sir Jim, will be depressed for at least a generation, at around the $10 mark.
Raine, Glazers, the board all in court explaining how they served ALL the shareholders best interests in picking a bid that , literally, killed the share price for Class A shares, that $10 dollars is better than $38 dollars.
However, even before they could make a decision in Sir Jim's favour, the board, even if the Glazer family recused themselves, would in fairness have to be presented with both bids and then pick one bid over the other.
If we think about it, how can the board only be presented with Sir Jim's offer, the question would be who decided that only one offer should be presented, again the Glazers cartel.
The process of how they, the Glazers/the board, would select one bid would be part of the court case in amplifying how they came to a particular decision.
Even in that situation it's difficult to mentally come to a conclusion that Sir Jim's offer is a better offer for all the shareholders? How would a truly independent board decide that way.
If it was a case that there was only one offer, the Sir Jim offer, then it would be just a decision for the Glazer family because it would only involve their shareholding.
Here that is not the case and because Jassim wants to purchase the whole club then the Glazer"s would be in a conflicted role as board members.
Here, it is even more convoluted because the Glazer's have run the club with an iron grip since club was listed on the New York Stock Exchange, all the board members would have been picked through them and their independency would then be subject to another round of kicking from the investor groups.
All in all the Glazers look like they will have a day in court if they sell out those investors.
For a family who work under a say nothing philosophy that in itself will be interesting.
I suspect that Jassim's team have weighed all of this up in placing their bids.
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The today expectation is just hope unless I have missed something, correct?
of course he's a journalist, he hosts a show on NBC Sports
why do people hate on this guy so much?
Makes me laugh ,continual hate, then he tweets something which turns out to be true and people eat humble pie and then they go back to hating.
It's obvious he has connections, like him or not he knows more than most.
So basically we’ll have news today, but if it’s not today it’ll be another day. Great!
Nobody does long drawn out sagas like the Glaziers, will be happy when this has finally ended.
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