Yes, the 69% is being sold at an inflated price because they have 10x the voting rights, so if even one of the siblings wants to stay, and won't compromise, they effectively have full control even with only 15% of shares. The only way Jim takes on 50 plus percent and lets Joel and avi stay on is if this changes, so afterwards if they tried to sell their shares would be worth a lot less than during these bids
Club Sale | It’s done!
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Yes, the 69% is being sold at an inflated price because they have 10x the voting rights, so if even one of the siblings wants to stay, and won't compromise, they effectively have full control even with only 15% of shares. The only way Jim takes on 50 plus percent and lets Joel and avi stay on is if this changes, so afterwards if they tried to sell their shares would be worth a lot less than during these bids
Cnuts are useful
if i was the owner of Manchester United the first thing i would do after a successful taker-over would be to issue stadium bans for Ed The Idiot and the Glazers.
I don't think they bids that were made were big enough for Glazers to accept, they want absolute monster money to sell.
Prompt: Would the Glazers have sold Manchester United before the sun dies in a few billion years?
Bing: Unless the Glazers sell Manchester United before then, which is possible but not certain, the club will not survive the death of the sun.
Prompt: You said "unless", there. Are you implying the club would survive the death of the sun if the glazers sell?
Bing: No, I’m not implying that. I’m just saying that the only way for Manchester United to exist beyond 5 billion years is for the Glazers to sell it to someone who can somehow relocate it to another star system that is not affected by the sun’s death. But that is very unlikely and unrealistic, so I wouldn’t count on it. The death of the sun will be the end of Manchester United and everything else in the solar system.
Bing: Unless the Glazers sell Manchester United before then, which is possible but not certain, the club will not survive the death of the sun.
Prompt: You said "unless", there. Are you implying the club would survive the death of the sun if the glazers sell?
Bing: No, I’m not implying that. I’m just saying that the only way for Manchester United to exist beyond 5 billion years is for the Glazers to sell it to someone who can somehow relocate it to another star system that is not affected by the sun’s death. But that is very unlikely and unrealistic, so I wouldn’t count on it. The death of the sun will be the end of Manchester United and everything else in the solar system.
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Got it.
The current shares would go for whatever they go for.
Ratcliffe and other investors won’t touch them. Probably drop in value back down to $14-17 and perform pretty much how they did under the Glazers.
If Jassim buys the club he will probably want to take the club private to avoid the scrutiny the transparency of being publicly listed brings, in which case he will have to buy them up. I’m not an expert on this but I’m sure there’s a mechanism for it.
Joel and Avram would also have to sell off part of their shares as neither would be able to hold more than 9%
Yeah I think SJ would almost definitely take us private when feasible
We may or may not find out details of the bids within the next ten mins. Ratcliffe or Jassim may or may not be successful.
Yeah, if all the owners of the shares agree they can go private, I think that's what elon did with twitter, even though he doesn't own 100%, the other owners are people he's friendly with. So there is an option for jassim to cut in carlyle on the other 31%, let them take that and still go private, with the advantage of cutting off their minority investment bid. No rumours suggesting this so far but it is an option. As you say, he only wants 100% so that he can take it private and have less scrutiny, so I think they'd be ok with letting an investment fund take 31% if they agreed to go private, but I think really the preference is take it all
True but they were never getting more than $6b it’s a world record bid no matter how fecking greedy they are.
Not sure what they get out of the 20% stake in the club if they stay? surely they’d never make the money they’re getting to sell in full right now
Manchester United may or may not exist.
Yeah but I think therefore I am.
Agree. Pretty much wasted everyone’s time, Rainie group mostly.
The Glazers sponge, therefore they are parasites
Lies.
read the rest! I edited my post The story being suggested is they keep almost 20%, presumably Jim would buy the shares from the other 4 plus some from Joel and avi, but if they stay as class B shares there's no way Jim does this because combined Joel and avi could outvote him. That's why I can't see this as an option, if they want to stay on, it's because they want control not because they want 20% of a club they can't male any decisions on
So probably around $6.5b. Surely should be enough.
How come Must and 1958 can manage to turn up to Richard Arnold's home over a transfer to let him know what time it is, but they can't get together to pay Sir Jim a visit to let him know it's time to stop?
Not confirmed until we hear from Kaveh Solekehol
When you factor in the debt thats a monster bid to be fair.
And Here. We. Go.
Please accept PLEASE
Just over £5 billion so 5.2 or 5.3 but less than 5.5 I assume
Please let United be Qatari.
Probably a $10bn commitment all-in-all.
10pm…now make a quick decision and feck off you leeching bastards.
Yeah. Huge.
How much more is this bid than their last?
if they refuse this for a club they have endlessly feasted on, they really have no soul
Nobody really knows apart from a select few. Lots of noise but no actual informationo
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