Club Sale | It’s done!

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Nori- said:
As much as Sir Alex has done for this club, his constant refusal to speak out against the Glazers doesn't sit right with me.

The first thing some people will think at this point is "how dare you", but at what point do you allowed to start criticising someone? If the thing you love is being destroyed in front of your eyes and someone the power to stop it but doesn't, are they still the hero you make them out to be for past achievements? Fergie is in a unique position, if he speaks everyone listens and his words hold weight. He isn't blind, he knows what is happening and the fact he's not even said a word is wrong. We gave him as much as he gave us, it wasn't just one way.

The pictures of him sat smiling next to the head rat who has milked this club and set us back decades on Saturday, made me sick to my stomach. Im sure a LOT of people felt them same but won't say it. His legacy is precious to us and our history but he is not untouchable. No one is.

All I can say is those who kept silent won't be forgotten. Ex-players, ex-managers, all of them. They've put their own interests ahead of the club that has given them everything. The only one at this point that I have huge respect for is Gay Neville. Sky could easily tell him, don't get involved or your job is at stake and he's still spoken out against the Glazers.
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I agree - Fergie’s silence both pre and post-retirement hasn’t sat well for me.
 
It is surreal to think United are in this mess because of what started as an argument over a horse. Or if I recall correctly, the horse's cum specifically.
 
Rojofiam said:
Ineos makes a lot of investments in a lot of areas. Buying Man. United to make money off of it is impossible unless you invest heavily into the club...and even then the potential profits are a drop in the bucket compared to what Ratcliffe's company makes in a year...but I guess you don't WANT to understand it.
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I do WANT to understand it, please enlighten me.
 
Are they actually selling at this point? It almost feels like they’re hoping we’ll all forget they said they would sell us. Farcical
 
Plant0x84 said:
The thinking is that they are clearing it so it becomes available again, and will then become the new owner’s responsibility. It’s a way around not getting the sale done before the window is in progress.
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Messier1994 said:
I cover one of the scenarios in this Twitter thread.


What we have is an article from El Pais (Spain’s bigger morning newspaper), claiming to have talked to a member of 9-2’s transaction team. This member refer to how management of MUFC (above ETH, so probably Murtough?) described the clubs transfer strategy this summer for the bidders. According to this article, the intention is to spend up to 500m this summer financed with a new credit line from Bank of America, and the source states that 9-2 “signed off” on this plan, which basically only can be interpreted as ‘if you do this, we won’t lower our offer’.

If this is true, one can of course only assume that they have gone through the same procedure with Ineos. It’s of course impossible to know if this information is false or correct, and if correct, if it’s described correctly literary being like third hand information passing through the mouth of some legal/financial advisor and a Spanish reporter — but with that said, it does make sense from some perspectives.

Firstly, like the footwork for the transfer window starts in February, not March, not April, not May, nor the first weeks of June, but February. And then it heats up gradually until the window open 14 June. This takeover process isn’t done in time. The only thing that makes sense is for the club to do just what is described, establish a strategy that all parties can live with — and execute on it.

Secondly, the club needs to make a big splash. Anything else is bad business. The Glazers are in the habit of making horrible business, so perhaps this is not the best argument. But it’s still relevant and correct.

Thirdly, if we don’t sell any players, with CL football our spending are limited to app. 100m. But that increases significantly if we sell players. To get above 350-400m, we probably must sell one player just to create more FFP space, not just because they are deadwood. Ie one of the RBs, Lindelof or Sancho. But if we manage to sell Maguire, McT and Henderson for a total of 60m, as well as Fred and Elanga for 25m and can at least partly rid our selves of Martial, Telles and Bailly’s wages — we can app spend up towards 400m.

And like, I 100% agree with you, either the reports are false and we haven’t given up on Martial and won’t be getting both Mount and Rice etc etc etc — or we have to spend a lot more than what we will have on the bank account on 14 June.
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thanks good people
 
I'm assuming it's taking so long because the deal with INEOS is very complicated?
 
I had a dream we were sold on transfer deadline day. It's something the Glazers would unashamedly do.
 
Telsim said:
I'm assuming it's taking so long because the deal with INEOS is very complicated?
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Because the Glazers want absolute maximum coin for whatever shares they’re selling
fergosaurus said:
I had a dream we were sold on transfer deadline day. It's something the Glazers would unashamedly do.
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Happened to city didn’t it? Or close to it anyway
 
Twisted_Woody said:
It is surreal to think United are in this mess because of what started as an argument over a horse. Or if I recall correctly, the horse's cum specifically.
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Horse seman is actually very lucrative in the world of horses.
 
Twisted_Woody said:
It is surreal to think United are in this mess because of what started as an argument over a horse. Or if I recall correctly, the horse's cum specifically.
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:lol: Biggest club in the world brought to its knees by some horse cum

Citys time will end, eventually. Probably not by horse cum, and certainly not by 115 counts of cheating, but something will get them
 
If it's Ratcliffe that's successful then financing agreements are going to have to be finalised. Borrowing billions of pounds isn't as simple as increasing an overdraft on a current account. It takes time.
 
LawCharltonBest said:
Because the Glazers want absolute maximum coin for whatever shares they’re selling

Happened to city didn’t it? Or close to it anyway
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Very close, they just had time to sign Robinho on deadline day. I think the late take over was because the Thai guy (former prime minster?) who owned was forced to suddenly sell as his assets were all frozen due to corruption charges in Thailand.
 
DOTA said:
Honestly, people having a go at Fergie for not speaking out now is grim.
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It really is.

Quite revealing they'll each defend Qatar to the bitter end.

Gary Neville has been lauded. Anyone who seen his HIGNFY embarrassment should notice his gimmick, at this stage.

Loved him as a player, but he didn't preach about the Glazers whilst accepting their coin, which is what he has done with Qatar.
 
LawCharltonBest said:
:lol: Biggest club in the world brought to its knees by some horse cum

Citys time will end, eventually. Probably not by horse cum, and certainly not by 115 counts of cheating, but something will get them
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The Glazers were buying shares long before legal action and long after it was settled out of court.

Cubic increased their shares during countersuing Ferguson and again after it was settled. They sold up to the Glazers over a year later.

The 'Rock of Gibraltar' angle has little to do with Glazerite rule.

To see it being used to justify Qatar's state bid is just pathetic.
 
lex talionis said:
Would the Glazers accept a slightly lesser offer today it meant retaining rights to a share of future of projected revenue?
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I think that’s where we are at now. For whatever reason they seem convinced the clubs value is set to rocket and are having a hard time giving up that potential. Of course, whether that potential is ever met is up to whoever takes control which I guess is the gamble.
The offer from Sir Jim puts more cash in their pockets now, with the sweetener of a payout in years to come too. Hopefully that’s enough for them to cede control.
 
DOTA said:
Honestly, people having a go at Fergie for not speaking out now is grim.
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Indeed. Next they will want the trinity statue torn down because none of them have spoken out against the Glazers. Yes one’s dead and the other two have dementia but they should still be leading riots against the owners and Besty should have ‘glazers out’ on his headstone. :wenger:
 
If the Glazers can squeeze an extra penny out of this deal they will. They are money hungry trust fund babies that were born into wealth. They couldn't give two fs about what happens to this club
 
edgecutter said:
If the Glazers can squeeze an extra penny out of this deal they will. They are money hungry trust fund babies that were born into wealth. They couldn't give two fs about what happens to this club
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The problem is that it's getting too banal, it's time to decide what to do and at least name the preferred bidder. The season is gone, the final is also over, what are they waiting for, I can't understand anymore. I don't know if there are such parasites anywhere else in the world, I can't believe how pathetic they are.

Decide what you are going to do and act, the transfer market is in front of us, next season is extremely important, Ten Hag has already said more than once that he wants the signings before the pre-season starts and what his budget will be for them, оnly creatures like the Glazers could do anything so slow and sluggish, regardless of what nature they are !
 
Berba said previously that Qatar tend to 'brief' info on a Monday, with Ratcliffe doing it on a Friday.

Now the season is over, it's a BIG Monday :nervous:
 
Messier1994 said:
No, I don’t conveniently omit that.

Which of the below hypothetical offers do you think the Glazer would take?
(a) 3bn
(b) 2.97bn plus a pledge to invest 1000 trillion to stop starvation, HIV and save every animal on the planet

They would take (a) and never think twice about it. And Malcom Glazer has written the constitutional documents for MUFC plc as well as chosen to have the company’s seat on the Cayman Islands since that jurisdiction offer the most majority owner friendly Companies Act. The siblings can do what they want and the minority owners on the NYSE have very very limited rights.

As for the para in the middle, I don’t recognize that and I’ve worked all my life with these type of transactions. But you are correct in the sense that if you buy 100% of the shares — you can do what you want with the assets of the club. If the plan is to invest billions to develop the land around OT — it makes sense to buy 100% of the shares. Let’s say you are building a train station — the club shouldn’t do that. It’s surely a multi party venture with involving the city, builders and so forth. So what the club should do is put that part of the property in a subsidiary and at least place it in a group at the same level as the football club. That is much harder to do if there are minority owners, who surely would claim that SJ sold this property to himself for price below market value.

But again, it’s not like the Glazers will go “oh your plan is to do this and that, but then it’s perfectly OK that you pay less money to us”. The Glazers are shareholders of the club, they can sell their shares to everyone else. And since it’s a company on the Cayman Islands and not in the UK — the concept of anyone buying the majority owners shares being forced to also offer to buy the minorities shares (ie to make a so called Mandatory Bid) doesn’t even exist.

This cannot come as a surprise to anyone, the Glazers will accept the bid that is the highest for them. And besides, anyone wanting to control 100% of the club, just has to buy their shares. The shares listed at the NYSE has very very limited rights.
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I’m really struggling to understand your English with this rant, the simple truth is as follows;

1. The Glazers are yet to make their minds up.
2. They have direct communication with SJ and want £6 billion
3. SJR put and call bid is worth more but will take longer for them to receive the cash
4. They also own 4.3% of the remaining ‘A’ shares collectively which are clearly valued at an additional $200m by SJ
5. The reason why both parties have offered nearly $34 per share is to take control of the capital assets, Squad, Land TV contracts etc.

6. The reality is when you look at the huge debt the club owes to the bank and amortised transfers for these assets it reduces the overall value of the club because you are starting at - $1billion owed to banks and other football clubs!

When Chelsea was sold, the £1.5bn owed to Abrahamovic was written off by the outgoing owner so the incumbent owner was able to spend copious amounts of money on average football players!

7. The club is currently registered in the Cayman Islands for the benefit of the Glazers, should they be stupid enough to allow SJR to control 50.01%, he can easily move the clubs registration to Monaco where he currently lives, Gibraltar as a Uk resident or worse the UK. If he does this then any future draw down payments to the greedy goblins may incur Capital gains tax! This is a stumbling block and they want absolute assurances that registration will not change built into a hugely complexed contract already.

8. All parties are under strict NDA contracts and therefore don’t believe what you read in media, especially the Uk ones

9. The reality is both bids are much closer than fans and the media thinks but neither are anywhere near the £6 billion the Glazers want to sell all their shares now in an economy about to go into recession.
 
If there's no news in the next few days then I fear this won't be completed before the start of next season.
 
It's a bit like a family of 6 being left a house by mum and dad.

Four want to sell and get their money now whilst the other 2 want to keep it, do it up a bit and rent it out for a while.
 
Quagmire Maguire said:
I do WANT to understand it, please enlighten me.
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I just did with that reply, guess you only read the last few words and got offended.

Feel free to do your research and take look at the actual numbers, though. It's a super high-risk and super low-reward investment for Ineos if they're only thinking about the potential profits.
 
cheekybackheel said:
It's a bit like a family of 6 being left a house by mum and dad.

Four want to sell and get their money now whilst the other 2 want to keep it, do it up a bit and rent it out for a while.
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Put they want someone else to do it up for them and pay for all the renovations then reap the benefits of the higher value
 
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