Club Sale | It’s done!

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If you want to believe him or not, Jamie Jackson just said on the Stretford Paddock youtube channel "I dont see a world where the Sheikh doesnt win the bid. They cant allow anyone to beat them in a straight up battle like this." Basically said without saying a lot of what is coming out is filtred by RAINE, to get the best deal for the Glazers. Hence why most of what is out there is two different sides of the same mouth. So basically what "side is winning" currently isnt in the lead.

Its all under a NDA, so what we hear is whispered through about 90 people.
 
Spoony said:
That bid seems a bit messy to a clueless observer like myself.
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I dunno, from a sellers point of view you looking for the most money per share.
Don’t think it’s great for us fans but makes the most sense for the glazers unfortunately
 
Berbaclass said:
Don't think it indicates that. We have a budget for the summer either way and are using it to get the first couple of players in. What happens after depends on the ownership.
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Is this true, normally if a take over is happening there seems to be a pause on transfer dealings,
The fact that we seem to be proceeding (going by the mount discussion)seems to indicate that at least the current ownership will be involved for the the immediate future. Whether that’s with Radcliffe or not.
 
FujiVice said:
If you want to believe him or not, Jamie Jackson just said on the Stretford Paddock youtube channel "I dont see a world where the Sheikh doesnt win the bid. They cant allow anyone to beat them in a straight up battle like this." Basically said without saying a lot of what is coming out is filtred by RAINE, to get the best deal for the Glazers. Hence why most of what is out there is two different sides of the same mouth. So basically what "side is winning" currently isnt in the lead.

Its all under a NDA, so what we hear is whispered through about 90 people.
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With everything being under an NDA, is there any obligation on Raine to even announce a preferred bidder?

Could they just offer exclusivity to a party whilst still maintaining a strict NDA until everything is agreed, or due to United being on the NYSE, does anything like a preferred bidder etc have to be announced?
 
FujiVice said:
If you want to believe him or not, Jamie Jackson just said on the Stretford Paddock youtube channel "I dont see a world where the Sheikh doesnt win the bid. They cant allow anyone to beat them in a straight up battle like this." Basically said without saying a lot of what is coming out is filtred by RAINE, to get the best deal for the Glazers. Hence why most of what is out there is two different sides of the same mouth. So basically what "side is winning" currently isnt in the lead.

Its all under a NDA, so what we hear is whispered through about 90 people.
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think you're looking too much into what he said. He basically said he doesn't know much about it but based on what Qatar have done previously (gave the example of the world cup), they wouldn't want to miss out on United. I don't think it was any sort of a coded message as you're making it out to be.
 
Amarsdd said:
think you're looking too much into what he said. He basically said he doesn't know much about it but based on what Qatar have done previously (gave the example of the world cup), they wouldn't want to miss out on United. I don't think it was any sort of a coded message as you're making it out to be.
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I don't think anyone is under any kind of illusions that if Qatar want United, they'll get United, but i imagine that they refuse to be held to ransom over a price they don't believe is worth paying. It might transpire that they WILL pay what the Glazers want out of fear of missing out, but we really have no idea at all
 
Nytram Shakes said:
Is this true, normally if a take over is happening there seems to be a pause on transfer dealings,
The fact that we seem to be proceeding (going by the mount discussion)seems to indicate that at least the current ownership will be involved for the the immediate future. Whether that’s with Radcliffe or not.
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There's a budget that's already been approved and the prospective buyers have been made aware of it in the diligence process. Ongoing operations ("business as usual") don't stop during a takeover.
 
Just stating the obvious but if SJR/Ineos were the preferred bidders that would have been disclosed at this stage or within the next few days. The season is over and the Glazer tribe will be back in the US, protected by the FBI from any danger.

The only reason for not confirming is that they are trying to extract every last cent.

SJ and SJR must know this but are not that gullible.

SJ knows his bid presents the most money immediately and this is borne out because he is still in the running and hasn't received the f. off sign, as yet. He is not falling for the 'we love the club and want to stay around' bollocks.

SJ's mistake was that he presented his plans in their entirety. He would pay off debt build the stadium, finance transfers buy out the NYSE sharks.

The Glazers don't give a toss about all of that, but they know he has money available to do that and they want that money for themselves. They do not care if debt is paid off or the stadium reconstructed. They have no interest beyond their own bank accounts andthey will be gone.

SJR presents the Glazers with a fall back. However unless SJ bids more the Glazers know that SJR is not going to increase his bid.

SJR's mistake is that they know he is equally desperate and will stick around for as long as necessary.

The bluffers are prancing around like they have suddenly development a passion for cup finals and accellerating the transfer rumours and will probably buy the cheapest option and continue to be linked with every transfer to maintain the charade of a deep interest.

They release information, via their sources, to entice the parties to raise their bids but the bidders are not stupid and have their own crack advisers.

This will be one of the biggest paydays/scams in business history and they are going to make sure they don't lose a dime.

A stalemate.
 
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RuudTom83 said:
Exactly...this thread is 1500+ pages of absolutely nothing
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The Glazers are selling the club to the people who will give them the most money. Same as page 1. It's probably (spoilers) the Qataris because they are way richer than everyone else.
 
glazed said:
The Glazers are selling the club to the people who will give them the most money. Same as page 1. It's probably (spoilers) the Qataris because they are way richer than everyone else.
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Probably, but they're not going to just offer the max amount right away, they'll likely rebid several times until they reach a compromise with the Glazers... but saying that, does Glazers and compromise actually go in the same sentence?
 
We are making losses for the 4th consecutive year now. Fans are discussing Kane, Hojlund and Mount. But where the money will come from? Glazers must sell.
 
ThinkTank@Cafe said:
We are making losses for the 4th continuous year now. Fans are discussing Kane, Hojlund and Mount. But where the money will come from? Glazers must sell.
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We owe something like 300 million in transfer instalments this summer I believe. Also need to pay back the credit facility. That’s 500-600 million for those two things if I understood rightly.
 
ThinkTank@Cafe said:
We are making losses for the 4th continuous year now. Fans are discussing Kane, Hojlund and Mount. But where the money will come from? Glazers must sell.
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Revolving credit facility. Basically the company credit card. Can hold us over until the sale occurs.
 
ThinkTank@Cafe said:
What is the total size of the credit facility?
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I think £200m is what I've been hearing? Of course keep in mind most transfers are paid out in installments, so that amount doesn't tell us everything.

By all accounts our constraint this summer is FFP, not cash flow.
 
lex talionis said:
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.
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This is nonsense, united's share price places its value at 3bn dollars there's already a 100% premium basically being paid, if either reaches 6bn dollars, its never going to be worth far more than that. Ratcliffe and jassim aren't buying it for an investment purpose
 
greenoffpearson said:
Just stating the obvious but if SJR/Ineos were the preferred bidders that would have been disclosed at this stage or within the next few days. The season is over and the Glazer tribe will be back in the US, protected by the FBI from any danger.

The only reason for not confirming is that they are trying to extract every last cent.

SJ and SJR must know this but are not that gullible.

SJ knows his bid presents the most money immediately and this is borne out because he is still in the running and hasn't received the f. off sign, as yet. He is not falling for the 'we love the club and want to stay around' bollocks.

SJ's mistake was that he presented his plans in their entirety. He would pay off debt build the stadium, finance transfers buy out the NYSE sharks.

The Glazers don't give a toss about all of that, but they know he has money available to do that and they want that money for themselves. They do not care if debt is paid off or the stadium reconstructed. They have no interest beyond their own bank accounts andthey will be gone.

SJR presents the Glazers with a fall back. However unless SJ bids more the Glazers know that SJR is not going to increase his bid.

SJR's mistake is that they know he is equally desperate and will stick around for as long as necessary.

The bluffers are prancing around like they have suddenly development a passion for cup finals and accellerating the transfer rumours and will probably buy the cheapest option and continue to be linked with every transfer to maintain the charade of a deep interest.

They release information, via their sources, to entice the parties to raise their bids but the bidders are not stupid and have their own crack advisers.

This will be one of the biggest paydays/scams in business history and they are going to make sure they don't lose a dime.

A stalemate.
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Plausible and highly likely, but we don’t really know what instructions the family’s solicitors or the Raine group, are feeding them?
Could it be they still think a wall of silence is the best way to attract an even larger offer ? Even so, there are clouds drawing over the financial world with interest rates likely to increase on borrowing, and those colossal debts will need servicing.
The family need to be told to get their collective heads out of their backsides and quickly else we could be facing insolvency along with all their other assets.
 
Big Ben Foster said:
I think £200m is what I've been hearing? Of course keep in mind most transfers are paid out in installments, so that amount doesn't tell us everything.

By all accounts our constraint this summer is FFP, not cash flow.
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200m will not sustain us for long. Our positive cash flow is a myth.
 
Brownie85 said:
Probably, but they're not going to just offer the max amount right away, they'll likely rebid several times until they reach a compromise with the Glazers... but saying that, does Glazers and compromise actually go in the same sentence?
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Raine Group's job is solely to get the maximum amount of money by arsing about a lot. That's obviously why Qataris got fed up and tried to go direct. Everyone knows the game.
 
ThinkTank@Cafe said:
200m will not sustain us for long. Our positive cash flow is a myth.
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I'm talking about transfers. Of course our situation is unsustainable, hence the ongoing sale process.

None of this is new - it has no doubt come up in the diligence process and been factored into the value of the club.
 
Big Ben Foster said:
I think £200m is what I've been hearing? Of course keep in mind most transfers are paid out in installments, so that amount doesn't tell us everything.

By all accounts our constraint this summer is FFP, not cash flow.
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Nobody has actually come out and said we are under FFP restrictions apart from random reports from the Athletic without the numbers behind them.
Our targets doesn’t scream ffp restrictions.
 
cyberman said:
Nobody has actually come out and said we are under FFP restrictions apart from random reports from the Athletic without the numbers behind them.
Our targets doesn’t scream ffp restrictions.
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Our finances are public. Messier1994 (Swedish Rumble) has some very good posts in here where he lays out the FFP situation with the actual numbers backing it up.

If we sell the right players, the transfer fees we receive can have a multiplicative effect on the amount we're able to spend this summer - hence your point about our targets not screaming FFP restrictions.
 
glazed said:
Raine Group's job is solely to get the maximum amount of money by arsing about a lot. That's obviously why Qataris got fed up and tried to go direct. Everyone knows the game.
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Or the Raine Group weren’t satisfied at how viable the Qatari bid was and they went round them (if true) because they couldn’t come up with answers.

Early on in the process I thought INEOS were just going to be used as leverage to get the Qatari’s to pay up but I suspect it’s the other way round now and Qatari’s haven’t been dismissed to make sure INEOS give Glazers a more favourable deal.
 
Big Ben Foster said:
Our finances are public. Messier1994 (Swedish Rumble) has some very good posts in here where he lays out the FFP situation with the actual numbers backing it up.
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It's one of those that raw numbers might say one thing but the way you can make signings/defer payments/change payment structures to me just kinda says that it's not a real limiting factor. Like, it limits the potential 500m net spend if Qatar takes over that some on here would want, but anything other than a record transfer window is still pretty much perfectly fine to do.
 
bosnian_red said:
It's one of those that raw numbers might say one thing but the way you can make signings/defer payments/change payment structures to me just kinda says that it's not a real limiting factor. Like, it limits the potential 500m net spend if Qatar takes over that some on here would want, but anything other than a record transfer window is still pretty much perfectly fine to do.
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FFP is accrual-based, not cash flow based. Two different issues.
 
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