You were the biggest Glazer shill going during the protests last year. There wasn’t an argument made against them that you didn’t have a counter for!Club Sale | It’s done!
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You were the biggest Glazer shill going during the protests last year. There wasn’t an argument made against them that you didn’t have a counter for!They spent a billion dollars making a terrible television show just so they could trick people into subscribing for their streaming service.
In the end the sovereign wealth funds and private equity firms will get their own way, whether it's a bigger slice of TV deals or an ESL or something else...
You expect a solid 14 (well, minimum of 12) businessman to vote against their own best interest? Really?
Yeah I highly doubt they've stopped over there on their way to anything T20 related in the UAE. It's probably to do with a potential sale.
Love Ten Hag as much as the next guy, but this honestly is complete gibberish. How would anyone know how much money is available for investment after a future sale, let alone Arnold, the guy who is the current owners' man and who will surely not be CEO afterwards? Hollow PR nonsense. "I'm told it will only be good things", he sounds like a little child believing in Santa Claus.
Would you expect or prefer him to say "Yeah there's a lot of uncertainty around, don't see much light at the end of this tunnel"? He's asked the question and he has three options: put a positive spin on it, have a negative tone, or 'no comment' his way out of it. I really don't see why anyone would get annoyed with that. Since his end goal is to provide the best environment for his team to play football, it's surely best he promotes an optimistic tone when he can?
It means it’s further down the line than anybody thinks. The Glazers will know who’s buying it and for why. Sadly it sounds like oil money
You don't need to believe like a little child believing in santa Claus to know the next owner is more than likely an upgrade from Glazer stewardship.
if we’re being bought by an oil state it would be obvious
I've never understood why people get upset with what managers say in press conferences. What did you want him to say? Seriously?
"Yeah it's fecking shit show here, we've not got a pot to piss, that Arnold guy told me some bollocks but it was an obvious crock of shit so yeah, who know's if we'll be able to buy anyone in January"
Or there's an offer to buy a stake in the club on the table.
Read again. "I'm told". Statement of fact. If Arnold was bullshitting then its on him, if anything Ten Hag is smart holding the fecking CEO accountable.
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It’s basic logic. Nobody is going to buy out Man United and then hold the purse strings. The club is crying out for investment both on and off the field.
The Glazers did.
The same type of buyout wouldn’t happen now, it’s a non-starter and the banks wouldn’t lend that type of money now
Whoever buys the club is going to have to be willing to spend close to £10bn all-in with the purchase and then the investment to keep United highly profitable
Whoever buys the club is unlikely to see a financial return any time soon. Which is why many think State backed bids or media companies are most likely
On what planet? Look at the money borrowed to finance Twitter just five minutes ago
Let’s see then
It's been in the news. You surely have noticed?
I think ETH’s comments have been misunderstood. He’s just saying what everybody knows - the Glazers are trying to sell part or all of the club and no matter who the buyer or new partner ends up being, there will be more money available so that’s a good thing from his perspective.
Well, that lends some credence to the suspicion of one of the Rats being at the world cup
don't think this is true, there is obviously enough financing available in the US to buy United or Liverpool
we're just not a very attractive purchase at the moment, so an oil state is more likely
Liverpool would probably be more likely at ~40% the price of United, though
We've been linked with a bid from him in 2010 and Yes he is a United fan.
https://www.ft.com/content/ca3c97de-dd66-11e2-892b-00144feab7de
Didn’t leveraged buyouts get banned under the fit and proper persons regime for the premier league?
He seems to be a big United fan, and is well versed in the history of the club according to all accounts.
I knew I’d seen it floated as an idea. They were talking about voting on it in September this year. But I can’t see any follow up on it.
Good luck to any idiot that thinks they can do that to us again and come into anything but the most hostile of environments.
I’m trying to imagine the furore if someone tried to saddle the club with a few billion pounds worth of debt.
If you both think United will be picked up in a similar fashion to what happened with the Glazers then I’ll happily bookmark this and come back to it when we are sold.
His net worth is 1, 2bn - I don't think he's suitable for us, even the Glazers worth more than this
I never said I thought that it would happen. Just that technically there's no rules or regulations that prevent it happening....
I think it's most likely we're brought by a state tbh, whether it's Saudi, Dubai or Qatar....
Really good article by Sam Wallace but it’s solely about ‘why’ it might make sense for Qatar to buy us or Liverpool, how it would work etc.
Nothing about them actually being interested.
It's a family affair and the family, unlike the Glazers are reportedly worth £335b.
Yeah it's just speculation, probably because Avram was seen in Qatar recently and the Qatar Sheikh is a United fan.
Also they were linked before with a takeover bid:
https://www.theguardian.com/football/2010/may/07/qatar-middle-east-manchester-united-bid
https://www.dailymail.co.uk/sport/f...-1-5bn-bid-buy-Manchester-United-Glazers.html
Of Course at that time Tamim's father was the Sheikh of Qatar not Tamim who is now in charge of Qatar and probably the family wealth.
Probably just a speculative piece based on those points and if it does come out that Avram was in Qatar for something regarding United then Sam Wallace would look like he had the scoop.
Wallace does seem to be speculating and the speculatory piece was likely done after it was revealed about Avram Glazer being in Qatar enjoying the world cup.
Sounds promising. A United fan buying United is what everyone has been calling for. Hopefully there's some truth in this.
1. A leveraged buyout of a 5bn asset profiting 100m a year? It just does not add up.
-Interest of 5% per year on 5bn — 250m a year
-Amortization on a 5bn loan over 10 years — 500m a year
Where are the club getting 750m per year from to finance the buy-out? If you could buy us for 1bn — a leveraged buy-out might be an alternative. I can guarantee 100% that we will not become the subject of another Malcom Glazer like takeover.
2. But someone might have 5bn in cash laying around and could buy us without investments and just look at taking dividends out?
Let’s say we manage to raise dividend to 50m a year, that would give this type of buyer a return of 0.1% per year.
Hence, I can guarantee 100% that we won’t be buyer by someone like that either.
3. If we are bought, it’s for other reasons than getting a yearly ROI. That reason would be connected to our brand. Someone that think they can profit on that. If we are bought by a US consortium — that is a place holder for a period of say 5-15 years, before we would be sold to either an industrial buyer or someone looking for some kind of sports-washing effect.
In any event — whomever buys us will 100% look to keep our brand at the least intact, which means investments will be required.
4. The worst possible scenario for us is definitely that we are bought by someone — and then circumstances change. Like the Emir of Qatar get their investment fund to buy us, then there is a coup d'etat and money doesn’t arrive, someone buys us and gets sanctioned, some bitcoin stock exchange buys us and goes bankrupt a week later.
But I think we can rule out that someone would buy us without doing so with the intent to invest in the club.
-Interest of 5% per year on 5bn — 250m a year
-Amortization on a 5bn loan over 10 years — 500m a year
Where are the club getting 750m per year from to finance the buy-out? If you could buy us for 1bn — a leveraged buy-out might be an alternative. I can guarantee 100% that we will not become the subject of another Malcom Glazer like takeover.
2. But someone might have 5bn in cash laying around and could buy us without investments and just look at taking dividends out?
Let’s say we manage to raise dividend to 50m a year, that would give this type of buyer a return of 0.1% per year.
Hence, I can guarantee 100% that we won’t be buyer by someone like that either.
3. If we are bought, it’s for other reasons than getting a yearly ROI. That reason would be connected to our brand. Someone that think they can profit on that. If we are bought by a US consortium — that is a place holder for a period of say 5-15 years, before we would be sold to either an industrial buyer or someone looking for some kind of sports-washing effect.
In any event — whomever buys us will 100% look to keep our brand at the least intact, which means investments will be required.
4. The worst possible scenario for us is definitely that we are bought by someone — and then circumstances change. Like the Emir of Qatar get their investment fund to buy us, then there is a coup d'etat and money doesn’t arrive, someone buys us and gets sanctioned, some bitcoin stock exchange buys us and goes bankrupt a week later.
But I think we can rule out that someone would buy us without doing so with the intent to invest in the club.
LBO works for a successful running company. Not so much for one that needs a lot of money reinvested into.
not to mention, cost of financing going thru the roof.
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