Club Sale | It’s done!

Status
Not open for further replies.
Messier1994 said:
This reads a bit like you are saying that nobody knows anything except you, let me know if I misunderstand something, but when you see claims like that on an Internet forum, you won’t attribute much credibility to it…

BTW, since the Cayman Islands are majority friendly — if Ineos became the new majority owner — why the heck would they move it from the Caymans? ;) I think you were in a bit of a hurry writing that. The Cayman Islands are not “Glazer friendly”, it is majority owner friendly.

It is this part that is the give-away, it is just jIbberish:





You need to put more effort into it than this. It’s Ineos making the bid. SJR only has one asset, it’s Ineos. Is SJR selling Ineos to get money, to give to Ineos, so Ineos can afford buying the club? Good one!
Click to expand...

You clearly think I am a SJ in but I’m not I could t care either way as I’ve said in numerous posts both have pros and cons, but let’s be clear here SJR will do whatever it takes to get his foot in the door with an alternative motive driving his decisions, he simply wants to say I bought Manchester United as a vanity purchase and it would not be the new majority owner if he only buy 35/36% and allows all 6 glazers to keep a combined 34 to 33%, this is the jibberish as you say that most media outlets have been reporting they know very little like you and like me, but I won’t procrastinate about your message in the same way the Glazers are with selling the club, I’m am sure that all media is being used simply to drive up the price bevause as yet the Goblins have not received what they want!

And for the record I don’t understand what you mean about the Ineos statement, it’s clear SJR can use his incredibly wealthy company to set a trap to convince the Glazers to sell some shares now and some later when he’s invested Billions and wiped out the debt, I don’t think United fans have ever heard that before !
 
I never thought I could bare to bring a child in to this cruel, cruel world but then I heard the Glazers were selling up and I threw the condoms straight out the window.
 
LawCharltonBest said:
As it also was 3 months ago...

I get the hope thing, but let's be realistic. It's the Glazers. I'm sure we go into July no closer than we are now and I wouldn't even be surprised if they drag it out until the end of 2023



:lol: I was thinking that you really took that news well, before the bracketed part
Click to expand...
What are you referring to here?
 
Berbaclass said:
What are you referring to here?
Click to expand...
The process being in crunch time. That's what I replied to

You won't be able to give me a single reason, other than perhaps your weird random twitter people, why now is more "crunch time" than 3 months ago. We're still nowhere near anything decisive happening.
 
LawCharltonBest said:
The process being in crunch time. That's what I replied to

You won't be able to give me a single reason, other than perhaps your weird random twitter people, why now is more "crunch time" than 3 months ago. We're still nowhere near anything decisive happening.
Click to expand...
The season has ended, and things need to be paid for. The squad needs investment. The revolving credit facility needs to be repaid.
 
Figgins said:
Adding:

HBJs valuation by Forbes is questionable: the guys has a 300/400m yacht, the most expensive property in central London and a big stake in Deutsche Bank. All of which probably adds to the 1.1b. For a guy renowned for investing, that doesn't look like a broad investment portfolio.

As for the family, the 1990s it was estimated there were 20,000 in the Al Thani house. SJ it probably well outside the 200 closest males. All of which undermines your arguments.

INEOS does not turn over 80b
Click to expand...
He bought a Picasso for 280m to hang it in his living room :lol:.
 
Berbaclass said:
The season has ended, and things need to be paid for. The squad needs investment. The revolving credit facility needs to be repaid.
Click to expand...
Things that need to be paid for, including the credit, will be paid by us fans. Glazers are happy for us to pay for their private jets and hotel suits, they can't be too bothered about what we pay for.

The squad needing investment will be of absolutely no concern of them if behind the scenes they are preparing to exit completely.
 
LawCharltonBest said:
Things that need to be paid for, including the credit, will be paid by us fans. Glazers are happy for us to pay for their private jets and hotel suits, they can't be too bothered about what we pay for.

The squad needing investment will be of absolutely no concern of them if behind the scenes they are preparing to exit completely.
Click to expand...
You don't seem to understand the precarious financial position the club is in do you? Go have a read of the figures. The club is borderline insolvent with basically no cash left. They are putting day-to-day expenses on credit.

It's coming up to crunch time as I said.

You can say the Glazers don't care all you like but they will if we go bankrupt and their valuation takes a massive hit.
 
Berbaclass said:
The season has ended, and things need to be paid for. The squad needs investment. The revolving credit facility needs to be repaid.
Click to expand...
I think the plan is that we pay off the facility with ticket proceeds and max it out again during the transfer window.

We're literally buying stuff on future income before even going into a new stadium redevelopment and people still come out with the idiotic self-sustainable crap.
 
Rightnr said:
I think the plan is that we pay off the facility with ticket proceeds and max it out again during the transfer window.

We're literally buying stuff on future income before even going into a new stadium redevelopment and people still come out with the idiotic self-sustainable crap.
Click to expand...
Exactly, it's a big mess.
 
Berbaclass said:
You don't seem to understand the precarious financial position the club is in do you? Go have a read of the figures. The club is borderline insolvent with basically no cash left. They are putting day-to-day expenses on credit.

It's coming up to crunch time as I said.

You can say the Glazers don't care all you like but they will if we go bankrupt and their valuation takes a massive hit.
Click to expand...
I understand there are financial issues and the cnuts remaining in charge under the current ownership model is unsustainable.

But I also think they
A) don't give a shit about how it affects the club
B) are shit business people who inherited the club off their Daddy who was a very good businessman - so I don't trust they are able to make a good business decision amongst themselves. Same way I wouldn't trust Kim Kardashian to represent me in court, but I'd take her Daddy. cnut Malc would have sold the club years ago, his cnut kids don't have a clue.
 
I am pretty sure the sale process wont be completed before the end of the year. Looks like this summer and by extension the following season will be the victim of yet another disaster under these owners.

We have a good base and if we could get the 5 key players we can a good season yet again. But th glazers will make sure it all goes to shit
 
Woziak said:
The new rumour which I can not deny or confirm because it makes no senses is that he would buy 33-36% controlling B shares from all 6 Glazers leaving them with the remaining 36-34% B voting shares to cash out in the future meaning all 6 siblings would stay, again there has been no detail on this just an article in the times explaining that all 6 Glazers might stay and yes it’s a very real scenario but more likely SJR has controlling 35-36% majority he would still need two of the Glazers to agree with him to make a decision, if this happens the share price will plummet and we may see a hostile takeover from SJR or SJ. I keep saying the SJR 50.01%, 35/36% is the absolute worst case scenario for the club apart from the 6 Glazers all staying.

What fans need to understand is the club is haemorrhaging cash and do to are Buccaneers. The Glazers as a family owe over $1.4bn on both clubs and Banks will start to reel in existing debt to mitigate their risks to financial closure like Credit Suisse Recently.
Click to expand...
Ok, got it. Thanks for clearing that up. Based on what I've read I've never gotten an inclination it could be a 35-36% majority and it also doesn't make sense but yeah ofcourse it will be worse than a 50.1% controlling stake.
 
Last edited:
The thing about the 6B billion the price that Jassim isn't willing to pay at least as of this moment is that it is metaphysically undeniable fact that, if United is properly managed, in even just 5 seasons United will be "worth" far more than 6B.

That said, "worth" is a tricky term in this context because what something is "worth" really and only is the amount someone is willing to pay for it. The world may go to shit in 5 years -- global warming, world war, famine, that kind of thing -- and it may well be that no one would be willing to spend even say 4B for United. But if the world muddles along over the next 5-10 years as it has over the last 5-10 years, 6B for Manchester United will seem like peanuts.
 
Berbaclass said:
You can interpret that either way. My honest opinion is I don't know. I still think they will win the bid.

Qatar just don't talk to western media as much as INEOS
Click to expand...
Didn't something happen last night where a Qatar "insider" said it would be done in 2 weeks?
 
Berbaclass said:
You don't seem to understand the precarious financial position the club is in do you? Go have a read of the figures. The club is borderline insolvent with basically no cash left. They are putting day-to-day expenses on credit.

It's coming up to crunch time as I said.

You can say the Glazers don't care all you like but they will if we go bankrupt and their valuation takes a massive hit.
Click to expand...

This is my understanding too and that’s the reason I think a new owner must seal the deal before the end of June 2023. Waiting until a new fiscal year should by all accounts significantly decrease the value of the club.

The question I ask myself is why the bidding process takes so long and my only logical conclusion is that there’s only one serious bid on the table. Maybe I’m too old fashioned but for me Ineos bid is a little too complicated for my taste. I start to suspect that the Glazers probably feel the same. Too many uncertain variables.
 
Berbaclass said:
You don't seem to understand the precarious financial position the club is in do you? Go have a read of the figures. The club is borderline insolvent with basically no cash left. They are putting day-to-day expenses on credit.

It's coming up to crunch time as I said.

You can say the Glazers don't care all you like but they will if we go bankrupt and their valuation takes a massive hit.
Click to expand...

Where is that coming from?

Edit: For context United almost always have more cash after 3Q than 2Q and United had 30m after 2Q. The last quarterly report isn't public yet but it would be a first in a long time if United had less cash than during the previous quarter and losing more than 30m without it being linked to a transfer would be a first as far as I can see.
 
Last edited:
Ah yes, another day, more speculation and no new news.

Proves really that all these "sources" are spouting pure BS. Still, it is what it is... the longer we wait though, the bigger the impact on the summer :( Then again, i'm sure the leeches won't really care about that
 
Brownie85 said:
Ah yes, another day, more speculation and no new news.

Proves really that all these "sources" are spouting pure BS. Still, it is what it is... the longer we wait though, the bigger the impact on the summer :( Then again, i'm sure the leeches won't really care about that
Click to expand...

I'm not sure the impact on the summer will be a great as some fear. United have a budget and, if reports are to be believed, are seemingly already working towards it. Whether there is a takeover or not, the budget won't be materially impacted this summer anyway.
 
Status
Not open for further replies.