Club Sale | It’s done!
- Thread starter JB08
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Before Easter? May as well just say it’s unlikely to be done before end of the season.
Easter is less than a week away…
It's not like Easter is far away... It's literally 4 days.
Sounds like a one-week delay. Wouldn't be surprised if the Glazers allowed Raine to take it easy to somewhat psyche bidders but also complete the WWE deal.
Good for all sides except the football club which the fecking cnuts never cared about.
Good for all sides except the football club which the fecking cnuts never cared about.
Qatar will buy the club. The rest is detail.
Given Jassim's bid is very likely a state-backed one, it seems rather doubtful that the Premier League will choose to pick a fight with their largest overseas customer.
The Premier League are never, ever going to attempt to piss off the Middle East. It’s a market they want to exploit and there is far too much money over there.
Like it or not, the Middle East wield a hell of a lot of power simply because they’re richer than god.
Like it or not, the Middle East wield a hell of a lot of power simply because they’re richer than god.
Would have been pretty cool though if we'd produced a massive catalogue for perspective buyers but they could only collect it from the Megastore, in a basket at the front.
The WWE deal has absolutely no bearing on our sale. Raine has hundreds of employees worldwide, with probably dozens of deal teams working on separate transactions at any given time.
The Premier League will do just fine with or without Qatar, if anything it's the other way around. They're attracted to the PL because of its reputation, making it a perfect environment for some sports washing.
Is this true? I'm guessing it's possible with Bein but what about the likes of NBC/Peacock, DAZN, Supersport, HUB and so on?
Very true. Given its size and reach, the PL doesn't need to align itself with such regime's. It has one of the biggest global reaches of any entity on the planet but as it so often the case, the lure of easy and plentiful money will corrupt just about anyone.
As for the UK government...
They're doing a good job by extending their contract with BEin then. The PL makes money. I don't think they're particularly chosey. Other than North Korea. That is. Probably.
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There is no other Arabic media that is going to pay these amounts of money Bein is offering, there is a reason why MBC group and the Abu Dhabi sports group folded in front of Bein for the 4th time in a raw.
Well its both. The Glazers didn't give a feck about how the club is run or what is going on up until big money was needed to invest into it (ex on transfers). Which is the worst of both worlds really. That's because an owner who doesn't follow how the squad is doing needs a lot more persuasion in him investing 80m on, lets say, a midfielder then someone who spent 12 months watching McT and Fred playing week in week out.
Why did Raine/Glazers spent an entire week doing nothing?
Are you serious?
Are you serious?
The Glazers could
a- claim that United are not for sale or they had accepted a minority stake
b- they go exclusive with 1 or 2 owners
c- they call for a next round of bids
This radio silence makes no sense whatsoever unless.......they are very very close to agreeing terms with one owner and they are only sorting the details
I am dyingHighly likely
Much like the WWE deal I suspect it will come out of the blue.
d- Draw out the process as long as possible in an attempt to make it look like there is more interest than there is.
e- Argue amongst themselves for an age about what the best course of action is.
f- Just be generally bad at making deals
Raine stopped play.
D- that would be stupid as no one would believe it. I mean there are very few people who are able and are willing to spend 5b on a club. Those who do would probably already thrown their name in the hatd- Draw out the process as long as possible in an attempt to make it look like there is more interest than there is.
e- Argue amongst themselves for an age about what the best course of action is.
f- Just be generally bad at making deals
E- I think that argument ended the moment they decided to open the financial books to third parties. There is no turning back now. Fans know that the club is broke and will not forgive the Glazers backtracking. If they do then expect a revolt that would hit the club financials hard at a time when they cannot afford it
F- I'd agree if only this whole thing wasn't run by Raine
In that case I’d bet that Elliot are smart enough not to invest their money. I actually had the good fortune to have two hours at lunch with one of the key guys involved in the Elliot take over at AC Milan. He basically said that Elliot were smart enough to know that they arent competent to manage a football club, but were capable of identifying clever operators on the management/investment side… hence their success. If thats the case, you can assume they know the Glazers are morons (and indeed that was the opinion of my interlocutor when the subject of United came up). If the Glazers are too stubborn in giving up control in return for Elliot investment, then they will ultimately be forced to sell because that’s their only lifeline here. They absolutely need a cash injection. It may be why Elliot smell an opportunity.
I could be wrong as it is not my area of expertise but I would imagine these bids are fairly complex and incredibly detailed.
I'd say its pages upon pages of terms and conditions, a shitload of legal wording that they send off to a crackpot team of lawyers to go through with a fine-tooth comb. Clauses and incentives all of which they'll need to dig into and see what the likelihood is of them receiving or not receiving some of the money based on how the clauses and incentives are stipulated. There's likely to be several options on offer within different sub-sections of the overall bid itself.
Probably takes multiple teams of people all working on their own sections with varying timelines to properly deconstruct what is actually on offer and what more it is they want overall. I'm not surprised its taken this long personally. It's hardly just an A4 piece of paper with a number on it.
I'd say its pages upon pages of terms and conditions, a shitload of legal wording that they send off to a crackpot team of lawyers to go through with a fine-tooth comb. Clauses and incentives all of which they'll need to dig into and see what the likelihood is of them receiving or not receiving some of the money based on how the clauses and incentives are stipulated. There's likely to be several options on offer within different sub-sections of the overall bid itself.
Probably takes multiple teams of people all working on their own sections with varying timelines to properly deconstruct what is actually on offer and what more it is they want overall. I'm not surprised its taken this long personally. It's hardly just an A4 piece of paper with a number on it.
If I’m being positive, I say that they’ve been speaking to interested parties to tweak their offers or generally negotiate before the official “feedback” we keep hearing about
Alternatively, they’ve been working on other things (WWE sale?) at the same time and it’s slowed everything down
Been way too long now, I was there in 05 protesting #GlazersOut
I think everyone who is offering a partial investment will be well aware of the fact that the Glazers aren’t very good at running a football club and won’t be expecting them to get any better at it. They’ll all believe there is still money to be made despite that or they wouldn’t be offering to get involved.
To be honest, when an asset is worth billions, philanthropy is out of the window, whoever is in control.
Anyone thinking different is probably over -romanticising things
Correct. I worked on a large deal last year that ultimately fell through (think $5-10B, not too different from this one). Although I was on the SMO side rather than the legal side, I had some visibility into what the legal teams were doing and there was a protracted period of a few weeks where the counsel for the respective parties were sending redline documents back and forth, proposing changes to the wording of the most minor details in the deal agreements.
All the parties are under NDA. We only hear what gets leaked or what they want us to hear. There's a lot more going on behind the scenes than is made public.
Or you know, they are working through the bids as we have been told they are and discussions are ongoing BCD.
Very good
You are not wrong there. The worry is I very much doubt we are anywhere near contract stage yet. You don’t spend a fortune on legal teams to negotiate a contract until it’s clear that you are the preferred bidder and your offer is in the right ball park. Then the fun begins. The price needs to be negotiated first, with some possible legal issues thrown into the price negotiation. When that’s done and agreed only then do the detailed contract negotiations begin. If the Glazers are saying here is our price, and here is our contract, this deal won’t get very far. A deal of this size only gets done by negotiation between the decision makers, and not through a middle man like Raine. They can advise during the negotiation but, if the Glazers don’t get around the table with their preferred bidder, the process will be too slow - as Raine will have to go back to them for decisions on any point of contention.
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