Club Sale | It’s done!

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LawCharltonBest said:
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
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Exactly. Anyone buying United now will have to invest, otherwise they'll sit and watch the value of their investment diminish slowly.

When the Glazers bough United we were successful, and the stadium was in a decent shape. The value of the club peaked. The reason they're selling now is the realization that without investment the club will lose value over time, so any new owner will have to invest, anything else makes zero sense.
 
red thru&thru said:
LBO works for a successful running company. Not so much for one that needs a lot of money reinvested into.
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Exactly, and what it worked best on was big industries with a ton of employees that weren’t run effectively (from an earnings POV) because it had commitments to the local community, and not made “necessary” structural changes. Moved jobs to Asia, whatever. These were common in the 70s/80s. Malcom found one in 05’ because he was thinking outside the box and saw a football club as an investment.
 
Adnan said:
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I don't understand why it costs £1.2-1.6 billion to renovate OT. You can probably re-build one, brand new for less. Wasnt the Cheese Room Spurs Stadium was build for 1billion quid?

I understand re-furbishing some infrastructure like OT is expensive but that high?
 
@Messier1994 write your posts however you see fit. I find myself scrolling through this thread searching for your posts, excellent work.
 
cyberman said:
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
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I think there'd more noise and something more concrete if an oil money takeover was approaching. Interesting to see who it ends up being, though. I can still envisage a new investor and not a full sale, as such
 
sglowrider said:
I don't understand why it costs £1.2-1.6 billion to renovate OT. You can probably re-build one, brand new for less. Wasnt the Cheese Room Spurs Stadium was build for 1billion quid?

I understand re-furbishing some infrastructure like OT is expensive but that high?
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Inflation, higher interest rates on loans, worker shortage etc. it’s be wise to not start anything expansive right now and fix the training facilities etc slowly before letting a new owner fulfill their vision for a new stadium.
 
sglowrider said:
I don't understand why it costs £1.2-1.6 billion to renovate OT. You can probably re-build one, brand new for less. Wasnt the Cheese Room Spurs Stadium was build for 1billion quid?

I understand re-furbishing some infrastructure like OT is expensive but that high?
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I'm surprised it's that low, tbh.

Have you seen the inflation figures post COVID? Not just general ones, building materials prices have gone through the roof, especially because energy is so expensive.

This is one of the reasons why new housing is still expensive and housing starts are slowing down - even with lower demand, building from scratch is just blooody expensive

The Spurs stadium was built a few years back as well and is lower capacity. I'd expect ours to cost £1.6bn easily and closer to £2bn.
 
sglowrider said:
I don't understand why it costs £1.2-1.6 billion to renovate OT. You can probably re-build one, brand new for less. Wasnt the Cheese Room Spurs Stadium was build for 1billion quid?

I understand re-furbishing some infrastructure like OT is expensive but that high?
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Think the tweet mentions £1.2-1.6 billion as the new build cost.
Which isn't possible for us without huge outside investment, thus a renovation is still the likelier action but even that is in limbo while this sale process is ongoing.
 
Tamin bin Hamad is a huge ManUnited fan. He has a signed poster of David Moyes in his room.
 
ZolaWasMagic said:
I think there'd more noise and something more concrete if an oil money takeover was approaching. Interesting to see who it ends up being, though. I can still envisage a new investor and not a full sale, as such
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No smart/serious investor is aimlessly pumping billions into a decaying franchise like Utd needing billions to renovate a stadium, over a billion pounds in debt and many millions needed to improve the first team without having a serious say in day to day running a level of power I can tell you for a fact The Glazers will NEVER relinquish.
A full sale is a hell lot better than partial ownership or investment with no authority to allow consortiums or individuals to run the club how they see fit without big indifferences in ideas and ambition
 
ZolaWasMagic said:
I think there'd more noise and something more concrete if an oil money takeover was approaching. Interesting to see who it ends up being, though. I can still envisage a new investor and not a full sale, as such
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red thru&thru said:
Why?
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I think he’s hoping for that that..

Truth is every other club will be.

if United get a fully sold to a solid owner then it’s game over!
 
So from Ten Hag's comments, i gather whoever is buying us has already been decided?

At the very least, we can agree that a complete sale is definitely happening?
 
RkkMan said:
No smart/serious investor is aimlessly pumping billions into a decaying franchise like Utd needing billions to renovate a stadium, over a billion pounds in debt and many millions needed to improve the first team without having a serious say in day to day running a level of power I can tell you for a fact The Glazers will NEVER relinquish.
A full sale is a hell lot better than partial ownership or investment with no authority to allow consortiums or individuals to run the club how they see fit without big indifferences in ideas and ambition
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The Glazers already tried the partial sale route and failed when the economy was in a much better state, what makes people think they will succeed now especially with how weak our financials look and the needed levels of investment? The Glazers want out, they cant afford what the club needs right now to keep growing its value and if they don't we shouldn't be surprised if things get worse on and off the pitch in a few years time and the value of the club depreciates further.

They have no option but to sell now and this is why we see the likes of Avram Glazer going out to the Middle East to smoke out buyers. This is their last chance to cash in at a high price and they know it. The oil clubs have messed things up for clubs like us and Liverpool because you cant run them for profit whilst City are paying Haaland 900k per week and still compete. If you don't compete then you will have fans in revolt and that hurts sponsorship appeal.

Its a matter of time but they are gone and no one with their business model will touch us at our current valuation because the annual RoI doesn't make sense at all.
 
ZolaWasMagic said:
I think there'd more noise and something more concrete if an oil money takeover was approaching. Interesting to see who it ends up being, though. I can still envisage a new investor and not a full sale, as such
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The Glazers are traditionally tight lipped and I'd assume anyone working on this for the Raine Group or the potential buyer will be high level enough to have the discipline not to leak this. At this stage it would only a handful would know about it and the risk for the potential mole being identified will be high.

Unlike a footballer's transfer where the agent has an interest in generating a bidding war, a player tells a few friends or a teammate leaks it this is all high level and we will know what any of the parties and us know and nothing more until its fairly advanced.

As for the last point, no one is stupid enough to invest in the Glazers given how the last nine years have panned out. The only reason the Glazers wont sell is if the potential buyers collectively decide we are way overvalued for what we generate and our brand doesn't make up for the difference then decide to let the Glazers stew for a couple of seasons dragging the value of the club down by a couple of billions but I think they will be more than a couple of serious bidders interested and it could turn out to be a mini auction. Clubs like United don't come up for sale often.
 
TheReligion said:
I think he’s hoping for that that..

Truth is every other club will be.

if United get a fully sold to a solid owner then it’s game over!
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Are we going to pretend that deep down you was hoping for that re. our takeover, actually?

I dont think its unreasonable to suggest the glazers will just accept new investment rather than sell. You're naive to think they wont. Even that Avram fella has said last day or so "its not necessarily a sale.. its a process lets see what happens". Either outcome would surprise me very little. Ultimately, being serious, if sold it wont be a newcastle esque sale, just my opinion [nor amazon or fecking apple :lol::lol:]
 
ZolaWasMagic said:
Are we going to pretend that deep down you was hoping for that re. our takeover, actually?

I dont think its unreasonable to suggest the glazers will just accept new investment rather than sell. You're naive to think they wont
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That's the ideal situation for them but we now know that its been three years since they have been trying to do this and no one has come in as a partial investor. It takes two to tango, remember and if they didn't get a partial investor from 2019 why would they get one now?
 
ZolaWasMagic said:
Are we going to pretend that deep down you was hoping for that re. our takeover, actually?

I dont think its unreasonable to suggest the glazers will just accept new investment rather than sell. You're naive to think they wont. Even that Avram fella has said last day or so "its not necessarily a sale.. its a process lets see what happens". Either outcome would surprise me very little. Ultimately, being serious, if sold it wont be a newcastle esque sale, just my opinion [nor amazon or fecking apple :lol::lol:]
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All credible reports suggest a full sale with the Glazers wanting out. They searched the investor option a while ago and it didn’t pan out for them so it’s clear they’ve now opted to let go and open themselves up to offers.

Ultimately no one is going to invest bits and pieces whilst the club is operating under the Glazers given how they’ve been famously managing club finances.

Who ever buys the club will be up there with one of the richest in the world.
 
kafta said:
So from Ten Hag's comments, i gather whoever is buying us has already been decided?

At the very least, we can agree that a complete sale is definitely happening?
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Not sure how you got that impression. It's only been a month at most since it was made public.
It won't be for a while before anything will be signed on the dotted line
 
sglowrider said:
Not sure how you got that impression. It's only been a month at most since it was made public.
It won't be for a while before anything will be signed on the dotted line
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BBC said weeks back if the club is sold it will happen before spring and their latest piece included the line nothing substantial is likely to be announced until after the Xmas period. This entire thing has the hallmarks of a classic drip-feed media briefing. When we spent 220m this summer after already posting a loss it was obvious the Glazer financial model of profits and dividends to boost the share price was at an end - shit has been happening for far longer than a month.
 
ZolaWasMagic said:
I think there'd more noise and something more concrete if an oil money takeover was approaching. Interesting to see who it ends up being, though. I can still envisage a new investor and not a full sale, as such
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There is, early spring, first quarter of next year is the supposed time frame.
If it were open we would see public manoeuvring to get into the fanbase good books imo. Tells me it’s a closed shop somewhere.
 
Mickeza said:
BBC said weeks back if the club is sold it will happen before spring and their latest piece included the line nothing substantial is likely to be announced until after the Xmas period. This entire thing has the hallmarks of a classic drip-feed media briefing. When we spent 220m this summer after already posting a loss it was obvious the Glazer financial model of profits and dividends to boost the share price was at an end - shit has been happening for far longer than a month.
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Correct, I also think their game was up as soon as they had to exit the ESL. That was really their last throw of the dice.
 
Mickeza said:
BBC said weeks back if the club is sold it will happen before spring and their latest piece included the line nothing substantial is likely to be announced until after the Xmas period. This entire thing has the hallmarks of a classic drip-feed media briefing. When we spent 220m this summer after already posting a loss it was obvious the Glazer financial model of profits and dividends to boost the share price was at an end - shit has been happening for far longer than a month.
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The Athletic said that they only expect any deals to be concluded before end of Q1 next year.
 
TheReligion said:
All credible reports suggest a full sale with the Glazers wanting out. They searched the investor option a while ago and it didn’t pan out for them so it’s clear they’ve now opted to let go and open themselves up to offers.

Ultimately no one is going to invest bits and pieces whilst the club is operating under the Glazers given how they’ve been famously managing club finances.

Who ever buys the club will be up there with one of the richest in the world.
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Going to be an interesting process to watch anyway.
 
sglowrider said:
I don't understand why it costs £1.2-1.6 billion to renovate OT. You can probably re-build one, brand new for less. Wasnt the Cheese Room Spurs Stadium was build for 1billion quid?

I understand re-furbishing some infrastructure like OT is expensive but that high?
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It'd probably cost £1.5b now. And it's only a 60K capacity stadium.
 
There's no way renovating or even building a brand new stadium in Greater Manchester will cost more than building a brand new stadium, as Spurs did, in Central London
 
stw2022 said:
There's no way renovating or even building a brand new stadium in Greater Manchester will cost more than building a brand new stadium, as Spurs did, in Central London
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Why? The only difference is land prices. I'm not sure how construction could be significantly different in cost. And I'm sure WHL isn't in Central London.
 
stw2022 said:
There's no way renovating or even building a brand new stadium in Greater Manchester will cost more than building a brand new stadium, as Spurs did, in Central London
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Tottenham is nowhere near central London, and building prices won’t differentiate that much. Concrete doesn’t cost more depending on geography, maybe some worker wage discrepancies but that would be about it.
 
It’ll be satisfying to see the parasitic feckers off, however I wouldn’t be surprised if new owners are awful like an oil state or whatever. I’ve given up believing nice things happen in this country.
 
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