Dunno. Its weird. Lots of nonsense and repetitive virtue-signalling declarations.
Club Sale | It’s done!
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Dunno. Its weird. Lots of nonsense and repetitive virtue-signalling declarations.
I can live with that even though they certainly don't deserve to walk away with 6bn
No that was Gonzo, he was also a journalist that took copious amounts of narcotics and hung out with the hells angels.
They bought out the club and then saddled it with that expense. That debt will probably remain at the club even after they are gone. Meanwhile they took millions in dividends, they allowed the infrastructure to rot and their mismanagement left us saddled with a squad that is largely useless. The fee offered is said to be around 5b which way beyond United's market price. The least they could do is accepting it so that United has the time (ie the summer transfer market) to rebuild.
All of that is irrelevant, they aren't fans of the club and they don't care.
They simply want to maximise their profits...
They aren't going to sit down and agree to take less to appease Devilish from the caf.
It’s ridiculous isn’t it? This whole pathetic dynasty reminds me of the family out of Succession only worse! I get the feeling they wouldn’t have a clue if it weren’t for lawyers and grubby advisors, they’re just extremely fortunate and wealthy big kids.
to the people or Audi or Allianz or Adidas
Do you watch Succession? I expect the Glazer family is like the Roys but with added redneck.
Some amount of exploring going on.
I mean I can understand why they are doing this (they don’t actually care about the club and just want to take the maximum amount of money as possible), but fecking hell, what a bunch of fecking parasites.
“virtue signalling” is a silly thing to say. It cheapens the rest of the opinion of, and usually (here as well) applies equally to, the person saying it.
i don’t think anyone is surprised. More exasperated by their greed! Which is understandable, no? Anyone who *is* surprised, shouldn’t be.
That said, as Neville, and many journalists are reporting, the way they’re going about it, does run the risk of effecting buyers, (who have already expressed frustration). If they drive away either one of SJR or Qatar, they shoot themselves in the foot re leverage. If they decide neither already massively inflated bid is enough, and take a minority investment, they run the risk of seriously reducing the price they get. They’re not there yet, but it’s also possible that their greed hurts their maximising profit. I don’t think anyone is surprised, but nor are they crazy for having the opinion that they’re a family of pigs going about this poorly haha
Their fans protest these things, but sadly, some of ours are soiling both their bedsheets and reputation to welcome them.
Zilliacus just pulled out.
"I have declined participation in a third bidding round for United. The bidding is turning into a farce, with Glazers giving no respect to the club. The delays will make it very difficult for any new owner to build a winning team for next season.
"Jim Ratcliffe, Sheik Jassim and myself all were ready to negotiate a deal to buy United. Instead, Glazers chose to start a new round. I will not participate in a farce set up to maximise the profit for the sellers at the expense of Manchester United."
"I have declined participation in a third bidding round for United. The bidding is turning into a farce, with Glazers giving no respect to the club. The delays will make it very difficult for any new owner to build a winning team for next season.
"Jim Ratcliffe, Sheik Jassim and myself all were ready to negotiate a deal to buy United. Instead, Glazers chose to start a new round. I will not participate in a farce set up to maximise the profit for the sellers at the expense of Manchester United."
This all makes sense from a fan's or moral perspective. But from a business perspective why would they care about the future well being of an asset they want to sell and make the most profit out of?
I absolutely hate the cnuts but I realize logically, they have no reason to hurry the sale if they feel dragging it out will get them more money.
No, and all you need to do is look at how this club has been run and you will see the reason for it.
A third round of bidding isn't going to fetch them another Billion in my eyes, but if I were them this is exactly what I would do too. They're clearly in no hurry to sell, despite in my opinion not being rich enough to run this club now that they've run it into the ground. This may fecth them another 1/4 billion, 1/2 at the most to a buyer that feels the need to outbid, but lets not throw a Billion pounds around like it's nothing. These current bidders have had time to go over the books now. They know what it's worth and what they can do with it. I'm sure the buyers themselves have held a little back just for this eventuality. Glazers were always going to squeeze every penny possible from this sale. If they get an offer for 5.5 I think they'll have to snatch it.
This is worrying an I'm afraid we won't have a new owner in time for the transfer season or worse, we're stuck with these cnuts going into next season. Either way, I don't think we'll be splashing big 
feck off you leeching scumbags
We'll have new ownership by July 1st, I wouldn't worry about it.This is worrying an I'm afraid we won't have a new owner in time for the transfer season or worse, we're stuck with these cnuts going into next season. Either way, I don't think we'll be splashing big
Don`t think he was even in the running anyway.
To be honest I think this new round of bidding indicates that they are selling. Why do another round if they were going to go the Elliott route? as can`t see them raising their bid.
It`s clearly to try and get Ratcliff or Jassim to increase/submit their final bids/best offers.
Nailed on. And both potential owners will already be drawing up plans. Neither owner is going to come in and want to make a bad first impression with the fans, or (maybe more importantly) give their new asset a less than best possible chance to compete in their first season of ownership. Either will hit the ground running.
It’s going to be interesting fans would love someone to come in and buy the likes of Kane and Bellingham but the reality is that FFP cannot allow that to happen. It’ll take a few years for us to get a positive balance sheet and then we can compete.
If only his dad had done the same.
Fingers crossed!
Business work in a way where an asset is bought form lets say $1, you improve it to $3 and maybe sell it to $5. What the Glazers are doing is expecting a ridiculous amount of money for something they ruined. Its basically legalized theft.
Indeed. The way to win the fans over won't be with shiny new toys we can't afford in the summer. It will be by clearing the outstanding debt and drawing up plans for redevelopment/refurbishment at Old Trafford and Carrington - that will show that any new owner means business and is in it for the long haul.
We spent around 250m last summer without CL with the Glazers in charge?
100%.
It’s basically always been about the fans/moral perspective vs the business perspective.
The Glazers have always treated the club as a cash cow to the detriment of the football team and now they’re trying to suck the last few hundred million out of the club before they ride off into the sunset.
Daylight robbery as you say.
No need, we'll know for sure by then what's happening.
First bidding deadline was February 17th, now we're on the third round of bidding and it's early April.
We'll be on the 16th round of bidding if they're not gone by the time the transfer market opens, by which point any potential buyer will have well and truly fecked off and we'll have a resolution anyway.
There's zero chance we go into the summer not knowing what's going to happen next season.
To be fair, they got United generating enough money to allow themselves to pay themselves a dividend. So it's not like we haven't grown as a commercial asset since they took over.
What about Raine group? Is their opinion and experience worth something? Cause they are persistent rumours of the advisors advising them to sell NOW only for the Glazers to say no.
You're ignoring some key factors here
a- The Glazers are not in a good financial state. United has been losing money for 3 years in a row, the infrastructure is rotting, the squad need serious investment to compete and we're sitting on a ton of debt which is bad enough in normal circumstances but get worse with interest rates set to go to the roof
b- United is already ridiculously overpriced at 5b
c- This is a buyer' market. Inter and Juve are probably for sale, Liverpool and Spurs would listen to offers too
d- These people work in the sports business. That means that once they sell United they'll probably buy something else. Sports businesses rely heavily on fans which means that its within the Glazers interest not to make a name of being lousy leechers else that reputation will move with them wherever they go.
e- SJR and Al Thani has zero obligation to buy United. Which means that if this keeps dragging on then they can easily send the Glazers to feck off just as the Finnish guy did. Considering the horrible financial/infrastructure state United are in if one of them bails out then the Glazers will have to decide to either accept the other bidders bid (who'll probably low ball them) or go in bed with the likes of Elliott. I promise you that Elliott group would eat the Glazers for breakfast.
We made a net loss of £115 million, the 3rd year in a row we made a loss. Our debt rose by £85 million. The fact we can’t spend has been widespread in the press the past few months. John Murtough has came out and mentioned this a few times recently.
Our problems are that our wage bill is too high and rising too fast and we can’t sell players. The champions league has also been a major factor.
This article explains our current financial picture.
https://theathletic.com/4120608/2023/01/26/manchester-united-ffp-finances/?amp=1
Our debt didn’t rise and that article doesn’t say anything about our finances. In fact it literally says they’re basing it off of a meeting they have no idea what was about. Not one criteria of ffp is ever mentioned in that link. It’s a disgrace of an article more than anything g, the author admits it’s part of a regular meeting schedule and randomingly suggests it’s about FFP based on…?
To one pair of eyes, it was a friendly meeting as part of the club’s regular dialogue with European football’s governing body. To another, it was an urgent conversation about United’s Financial Fair Play (FFP) position.
You see, it is a game of opinions. So, is there anything we can agree on?
We aren’t on a ffp watchlist. We aren’t in danger of failing ffp. This is the biggest myth going on here.
Edit
https://www.express.co.uk/sport/foo...n=continue_reading_button#amp-readmore-target
No mention of United at all. These tests and failures aren’t a secret
The club has been a giant since the 90s at least. All they did was sit in for the ride. Fergie had already established a great team before they arrived I.e. The double in 08
Compared to other clubs we haven’t grown much. Everything we achieved was in spite of them.
Revenue has plateaued and we’ve made losses in recent years. Sponsors have shown reluctance, etc.
I’m not talking about the football side of things, that was all down to Fergie and the gang, but the commercial side has increased under them and now it has plateaued.
Their stance was lots of small deals over the traditional one big deal that clubs had previously favoured. We stole the march on every club in the world at one point with our revenue. Now other clubs have copied our blueprint and we’ve also been shite football wise, not to mention, advertising in football doesn’t really work that well but that doesn’t stop companies trying.
Whether or not they knew what they were doing (I doubt it) our commercial revenue and brand off the field have increased under their ownership, so they have by proxy increased our sale price.
They obviously feel there’s more to milk, probably from the fans rather than sponsors, and that’s why they’re asking for daft money for the club.
It’s not much more to say about this. Obviously the Glazers are looking to maximise the profits.
Well they are potentially fecking up the transfer window for new owners by dragging this out for max profits if they sell wich can shot themselves in the foot due to their greed.
They’ll be gone well before the window opens. No matter when new owners come in, they can’t point to the Galzers for a shit window.
You'd imagine it'll be done within 10 weeks. Surely to feck. Would be great if the major signings could have a proper preseason unlike last summer.
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