I know, it just seems all these grandiose statements by the likes of MUST and the 58 (obvious differences noted) do nothing but make the fan base sound impatient, entitled and uneducated. Like you say, they won’t make a blind bit of difference to the Glazers.
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
I think you have to factor in 2 things -
1. How long people have wanted them gone - not just Utd fans, there are many neutrals who think what they’ve done to Utd is disgusting. Saddling the biggest English club with hundreds of millions in debt and then using the club as their personal cash machine is obscene and never should’ve been legal to do.
2. The amount of profit they’re already going to make at 5b is way over what Utd is worth and thus it creates a wider view into their greed and lack of care for the club.
It’s these things that rightly bother people.
I see your point, but I'd expect the fan group to apply any pressure they can on the Glazers.
Also, while it won't make any difference to the Glazers (they probably won't even be told about it) it might be something that the next potential owners take note of. I'd expect either Sheikh Jassim or Ineos to be much more communicative with supporters and care more about the club.
Fingers crossed!
If we don't spend money next summer then we won't make it to the CL the year after. That means that United's price will go down and we will make less money. In the end its the owners that will pay the price.
Neither of these things expedites the sale of an extremely pricy and probably complex entity. There is no justification for anyone to genuinely think that less than 5 months is too much time.
I agree that they are unlikely to gain much or even anything from this third stage which is effectively just reopening the previous stage and asking for more money. They should have at least whittled it down to whether they are actually selling the club or just a minority share.
They are just using the same arguments/bluffs to get more money and I’m sure everyone involved in bidding is unlikely to fall for it. The longer any sales process like this drags on the more risk the buyer is taking but they are just motivated by pure greed so won’t see beyond that.
The only real pressure they can put on either INEOS or the Qatari’s is by playing on any impatience they may have in terms of not letting this summer window pass them by. Raine Group probably have their work cut out now in making sure it doesn’t drag on much longer than it should.
Has anyone other than Possibly Unreliable Twitter Glasses Man (PUTGM) said what they expect to happen after the 3rd bids are in?
I'm assuming they'll pretend to discuss things for a week or two, to make it look like the Glazers aren't just interested in the highest offer. Then they'll go exclusive with one bidder for another week or two before we finally get a conclusion.
I'm assuming they'll pretend to discuss things for a week or two, to make it look like the Glazers aren't just interested in the highest offer. Then they'll go exclusive with one bidder for another week or two before we finally get a conclusion.
I'm expecting this to drag on for months, once the Glazers accept a bid and 'go exclusive' there is still going to be a long period of due diligence and legal wrangling
These things are typically structured with an up front fee (when work begins; i.e. already paid), sometimes a fee payable upon signing a definitive agreement for the transaction, and then a success fee at closing that's typically a % of the transaction value. So in short, Raine has almost certainly already been paid everything they're due under their engagement, if there's no deal signed/closed.
Is it public knowledge how many rounds of bidding there is going to be?
Surely the bidders aren't surprised when they are both told "you've made it to the next round" rather than "your bid is accepted or rejected"?
Surely the bidders aren't surprised when they are both told "you've made it to the next round" rather than "your bid is accepted or rejected"?
Isn't the due diligence deadline next week? Or am I misunderstanding that?
And yes, to be clear when I say "conclusion" I just meant we'll get an idea about what is likely to happen (an agreement on price and no further negotiations) before all the legal bollocks and inevitable twats trying to block it
The journalists who reported that there will be a 3rd round of bids (deadline on the 28th) say this is the final round.
What happens then seems unknown, but I guess they'll have to pick a preferred bidder to go exclusive with. So romantic
The deadlines are nothing fixed as we have seen already - only the media make out it's some hard date to aim for, in reality these things are changing all the time
Even after agreeing to go forward with one party there can still be further negotiations
Yes that's what I said originally. That after the third offers, that I guess they'll go exclusive and negotiate with a single party.
I'm absolutely no expert, nor would I be surprised if it was August or later until the Glazers are officially no longer affiliated with Manchester United, but once an exclusivity period starts there has to be more willingness from all parties to reach an end point. It's approaching half a year.
Glazers are fecking scum
Well ok, so do people think Glazers paid an upfront fee to stag a few months long ruse where at the end they go "sorry we're not actually selling lol"
I think most of the due diligence will already have been done. I would expect that Glazer’s lawyers would also have prepared a draft sales contract that the bidders have sight of - if they really want to sell that is. If they accept an offer it just comes down to the nuts and bolts of negotiating the fine detail of the contract.
We're in the endgame now.
It’s ridiculous that the fecking Glazer’s honestly believe we’re taken in by the posturing of they don’t need to sell and happy to stay if their valuation isn’t me or that the family are split over selling up.
They’ve hired Raine which in itself won’t be cheap, they’ll have agreed a price or percentage to pay Raine once the deal is complete, they’ve opened up the club financial books to outside parties and made interested parties come to Manchester for meetings and none of that happens if they’re not intent on selling.
They’ve hired Raine which in itself won’t be cheap, they’ll have agreed a price or percentage to pay Raine once the deal is complete, they’ve opened up the club financial books to outside parties and made interested parties come to Manchester for meetings and none of that happens if they’re not intent on selling.
exactly, it was always going to take ages to sort out. People are way too impatient.
the glazers are businessmen. Selling United is probably going to be their single most important transaction in their lives - they’re going to extract as much as they can from it. People who think they should just accept the first offer seemingly have no idea how business works
I don't get all this shit about bidding rounds. What if both buyers already made max offers and they just send same bid as in 2nd round?
And what if Glazers after 3rd bid say; "ok, you are in "exclusive round". Time for 4th offer".
The first round was about formally expressing interest without clear numbers, the second round was about allowing buyers to have access to financial data and make a first actual offer. Unless one of the party made an offer that is way above the others, a third round should occur for at least two reasons first because the parties that have competitive but smaller offers should be given the opportunity to reevaluate their bids and secondly it allows the seller to maybe squeeze more money. And a fourth round could be for two reasons, exclusive negotiations with a single party, or two or more bidders are close.
They’re Sewer Rats
In, out, Sheikh it all about.
Wouldnt suprise me if jassim just gives them the 6 Billion to seal it
Final offer. Take it or leave it. He will walk…. Hope Sir Jim takes a similar stance. No more messing about.
That would actually surprise me, they don’t want to be seen to be over paying.
Well worded statement. A ‘final offer‘ statement from Jim will probably come in the following days
US Dollars or GB Pounds? It’s not entirely clear what the bidding currency is - or the Glazer’s expectations. I can see one of the bidders going to 6Bn US, but 6Bn GBP is way overvalued.
News just broke that the Washington Commanders NFL franchise will be sold for $6 billion. That will not lessen the Glazers’ evaluation of MUFC. They will likely view the club as being worth more than the NFL team.
It isn’t overvalued if anyone is willing to pay 6B GBP for United. That bid would define exactly what they are worth. We need to remember that this is the biggest football club that will ever come on the market. This sale is something like the Mona Lisa coming up for sale.
it just seems to end the whole saga of the Glazers nightmare inline with how theyve feasted on the club. Walk away with a billion each to close the book, and the story goes down in folklore
They will take money from the club one way or another.
They own the club. There are many ways to take money from the club outside of taking a withdrawn from an account. I would not put it past them having a way for the club to be paying Raine directly if they don't sell.
I hope you're right.
They will do whatever is going to benefit them the most. If they think they can weasel a few more million or possibly a billion out of not selling now and hanging on for another few years, they will do that.
I agree, now is the best time for them to sell. We're on an upward trajectory.
There are some rumors they are doing this stuff in the background now, so that way if the bid is accepted they can get it wrapped up quick and take part in the summer transfer window
They own 69% of the club, they cant walk with 1 billion each. It is also being repeated by Gary Neville, cant believe he does not know that they own 100% of the club and can not walk with 1B each.
I would have to imagine that this process dragging out, potentially beyond this transfer window, would have to lower the value of the club. Things are looking quite good this season, but if we have a poor transfer window, and the team really doesn't progress next season, and how could we progress without buying a handfull of players, then the shine will start to wear off EtH, momentum will began to drop and that could have real impact on the value. I have to imagine now is their prime moment, when everyone, rightfully, thinks EtH is about to take this club places.
- Status