jm99
New Member
- Joined
- Apr 18, 2011
- Messages
- 4,667
If the Glazers kept 20%, they wouldn't be Class A shares on the open stock market. So they'll be worth whatever someone wants to pay in the future.
Will the club go up in value? Probably under new control. Hypothetically if SJR has 5bn to spend, and pays 3bn to get 50% (at the Glazers 6bn total valuation), then he would have another 2bn to invest into the infrastructure. That alone would increase the club's value significantly without the Glazers spending a dime. So in a few years, their 20% is worth more than it is now.
Of course, how SJR might structure such a deal or what he would invest in infrastructure is just a hypothetical. We don't know what anyone is really bidding. We only know what the parties involved want us to think is going on.
What I'm saying is that right now, the Glazers hold class b shares, so if jassim wants the club, he has to buy Joel and avi's shares or he wouldn't have control, so there's a huge premium over the current share price. This premium won't exist in the future, if Ratcliffe is the owner and their shares are only a minority. Right now their 20% gives them full control of thr club if the other Glazers sell and they don't agree to give up class B status, which gives it far more value than just selling it on the stock market