I think that's just you trying to comfort yourself. This can happen today tomorrow next week next year. No news for 3 days doesn't mean there won't be news in 7 days.
Club Sale | It’s done!
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I think that's just you trying to comfort yourself. This can happen today tomorrow next week next year. No news for 3 days doesn't mean there won't be news in 7 days.
yeah it's been a bizarre rideExactly!
I think its more that Jassim has a limit and won't be forced to go above and beyond it. I think his old man has even told him that.
I think the Glazers are simply going round in circles. Some family members want a sale now, 2 don't. Then it's a question of take Ratcliffes deal and still have a say or leave with Jassims money. Then they discuss between themselves they would like to squeeze more out of Jassim and back and forth it goes like the circle of life.
Eventually one of them will snap though. Sometimes it's from the most unlikely of places too, someone throws a shitebomb into the mix and it all gets sorted.
They will likely have been agreed in principal.
Different agreeing in principle and actually going through the process though. Especially if during course of negotiations the original business plan that the AIP was based on, has changed
It is difficult to say. But out of my experience from reading the news and from the coverage of the Qatari media of the deal, it does not feel like state backed, may be "blessed", "eased" but not backed financially from the state directly. I have been monitoring the Qatari media closely the whole past 7 months and the amount of media coverage it gets is fractions of the process of Qatar when they acquired PSG. Maybe they are saving their direct involvement to the last stages, I dont know. But now, it does feel that Jassim is either buying the club via Mirqab group (his father company) or via the Bank (QIB) that he sit in as chairman.
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@Woziak - Hope you don’t mind me asking but what are your qualifications or experience in regard to corporate finance, M&A or business law?
Your posts seem very detailed and sure of themselves, just curious as to your insights.
Your posts seem very detailed and sure of themselves, just curious as to your insights.
Genuinely, thought we would get the news of the partial sale to Radcliff today. What on earth is going on with this!
Seems to me to be what they like to call in the British press the “Bank of Mum and Dad”
I worked for sun capital for years and have an MA in economics but that, however means nothing when you are trying to unravel the buy out of Manchester United, I’m a huge fan like all of you and remember when we weren’t that good before 1994 and can remember going to old Trafford when we were going out to Oldham in the cup and Hughes scored a spectacular goal.
We are all united through and through and all share the Same united passion to see the Glazers go, that’s why there’s is absolutely no point fighting amongst ourselves about who will be the next owners both have merits and cons.
The most important thing is for all the Glazers to Go and asap. Yet again we will see Arsenal pick up Rice, Chelsea Caciedo and Liverpool Macalister while The Glazers dithering will mean we can only try and sign the dregs of the market at the end of the season. They are a cancer and we must rid ourselves of them to become healthy again!
We are all united through and through and all share the Same united passion to see the Glazers go, that’s why there’s is absolutely no point fighting amongst ourselves about who will be the next owners both have merits and cons.
The most important thing is for all the Glazers to Go and asap. Yet again we will see Arsenal pick up Rice, Chelsea Caciedo and Liverpool Macalister while The Glazers dithering will mean we can only try and sign the dregs of the market at the end of the season. They are a cancer and we must rid ourselves of them to become healthy again!
I replied below sorry
He’s being used to smoke out Qatar, they want £6bn it’s really that simple no one is willing to pay them that right now !
I think the truth is that all 6 siblings simple can’t make their mind up on which bid, like I said they both have merits and cons as far as Glazers are concerned however they are pushing to get £6bn to walk away and let’s be clear they want this valuation after the debt has been paid.
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That’s a perfect analogy well done for simplifying it to its core.
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Thanks. We are lucky to have such expertise as yourself, @Messier1994 and @putzmcgee123 on the forum to guide laymen such as myself through this process.
They really are a despicable family. Absolute leeches.
It sickens me that that family bought United basically on a mortgage and are now set to walk away (or not) with billions. Leeches.
Yeah, that appears to be the case the longer it goes on. Both parties are playing hardball, to be fair.
And why would any one pay that much, when the market estimates say we aren't worth that. The question becomes what happens if no one does? I'm guessing they just go with Radcliff as it still makes them the most money per share.
Trust me none of us for all our experience can call this because we are dealing with the Glazers and they have been truly the worse thing to ever happen to the Club, with Malcolm Glazer at the helm it was just one man, as soon as he died the club ownership split into 6 and that’s why the problem can not be easily resolved, it’s not enough that they’ve taken 6 sets of dividends out and neglected the club on and off the field, they now want to make our fans suffer even more.
If they stay, United will go bankrupt within 18 months and SJ could possibly pick it up for £2.5bn, because he would only have to pay a small percentage of share price to delist and pay off the the existing debts mostly Tax to HMRC.
Fans should also remember that the Glazers also owe the banks $350m for Buccaneers so they must cash in on united in some description as the banks will start charging higher interest rates and soon they will say we want some of our loans paid back to mitigate the risk in a decking financial market.
If a war breaks out on a greater scale in Europe, all of a sudden Sport becomes not quite so important and the share price would tumble to less than $10
I'd be gobsmacked if it weren't state backed. They've got to distance themselves with the government and they've done well, even got folk whether it's a state backed bid or some individual.
That bid seems a bit messy to a clueless observer like myself.
Exactly. We are borderline insolvent. Many people aren’t grasping that they have no choice. The club needs major investment.
Thank you for breaking it all down in a sensible yet easy way to understand mate, I’m glad that you put into context about both bids being basically even as that explains why this is taking so long as the parasites are weighing up whether they want a lump now to leave from Qatar or wait and see if it ends up as more later down the road in a few years from Ratcliffe.
That’s it the rumours of SJR £3bn for 51% were not true it’s $3bn which is is about £2.5bn slightly more than the £4.8bn for 100% offered from SJ but he has guaranteed higher share prices when he buys them out in the future however, and right now his proof of funds are surprisingly more solid than Qatar as far as the Raine Group are concerned, he’s been incredibly creative with his bid and the new one of keeping all 6 Glazers with a small piece of the future pie, while his Ineos company would invest is probably very attractive to them, they are already stay away owners, So SJR becomes the face of the club and they continue to take dividends while Good Old Jim pays the debts and invests money, yep that’s not going to happen especially if he only owns 33% of the club. This is why a lot of the UK media coverage is absolute tripe!
But would his 33% be the largest single stake at all club? Besides we don't really know how much of the club is being offered to the six.
Why?
If Jassim's got to distance himself from the Qatari government, what does the Qatari government get out of the "sportswashing" that it's supposedly buying?
For whatever it's worth, I think some might be trying to read into the Financial Times piece a little too much, particularly to infer things about the Qatari bid. The most important takeaways, in my opinion, are:
- Lack of cohesion among the siblings.
- Reports saying Joel and Avram do not want to sell were blowing smoke, since now they too would be selling a large of their shares to Jimmy Rat up front.
- Given the lack of cohesion, I think getting all 6 siblings to agree to a sell down plan is going to be more challenging for SJR compared to Joel and Avram only.
- Ratcliffe remains "in the lead," which means little until a bidder either has exclusivity or an agreement is reached.
I am not even sure this can be said anymore. If the new structure under consideration means that all 6 siblings are selling a large chunk of shares up front but still keeping some for a predetermined future sell down, this just adds another layer of complexity since now all 6 need to be in agreement on the same structure.
Said this last month.
Would you trust Hugo if he told you Ken was "in the lead" on the GoJo deal? It's all smoke and mirrors until somebody signs a contract.
Sure but outside of state ownership or oil barons no major football club will ever be bought any other way. Even the richest businessmen in the world don't have several billion in reserve in the bank.
Quite, I don’t think the family have fully grasped what might lye ahead either, just blinded by their personal needs & avarice. The fact that Avram charted a private jet to watch the cup final at the expense of the club is pretty much indicative of what they’re about.
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Obviously Avram Glazer has been at the cup finals the club has been involved in, cutting quite an isolated figure from what I’ve seen, but where is Joel? I thought he was the “fan” out of all the cnuts but it seems that Avram has been the “face” of the Glazer family recently. Bit weird? Or is there an obvious explanation here?
I cannot see any scenario where anyone values the club at an even £6B. That would be ludicrous, and far off the reported figures of the tabled bids.
The scenario I envision is that Raine and the Glazers want the Qataris to match or come closer to Ratcliffe's valuation (rumoured between £5-5.5B). Absent of that, it is safe for us to expect more infighting between siblings and delays. The Qataris, meanwhile, seem to be be playing hard ball in these negotiations and do not want to feel like they are bidding against themselves. I personally do not believe that lack of funds is the issue for them, but none of us really know for certain.
All that brass and he has to charter a jet. You'd think a high roller like him would have a fleet of them.
OK let me work this out...
So mum and dad have left 6 kids with a house.
Instead of selling the house and being done with it, Tom (the gardener) wants to buy the front and back gardens and will possibly buy the house at a later date. So in the meantime, the 6 kids can all live in the house whilst he puts money into a new lawn and making it look nice.
Then later on he will discuss with them about buying the house outright as he gets first dibs on it.
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