Aramco are a state owned public company.
Can you imagine the fall out and accusations of collusion if they bought ourselves whilst PIF already own Newcastle?
Club Sale | It’s done!
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Can you imagine the fall out and accusations of collusion if they bought ourselves whilst PIF already own Newcastle?
Exactly. The Glazers would be pretty stupid to sanction a large transfer spend in January "to help United get UCL football", if they don't expect to own the club beyond the end of this season anyway.
That line is nonsensical, the Glazers aren't picking any tab whether they own the club or not, the club picks its own tabs. Sport journalists are morons especially when it comes to money, they try to turn simple things like being fiscally prudent into stories that don't even begin to add up.
Isn't it more like, The Glazers would be pretty stupid to sanction a large transfer spend in January just in case they are still own the club beyond the end of the season, and so have to deal with the consequences.
Not really. CL triggers lot of our bonuses and payments. I would be very surprised if it doesn't have any relevance.
A 100m (out of which only a partial amount is due now) won't make any difference in the grand scheme of things. We are talking about billions here.
why would it have any relevance if they already sold?
General rule of thumb, is that when a business is up for sale, capex drops to zero. Why spend when you have no chance of ever seeing a return.
Either way, it's not worth reading too much into it (as the Atheltic are doing), because a quick look at United's financial reports is all you need to see that United cannot afford a big January spend anyway. Cash in hand is a relative pittance and the credit lines have been mostly drawn down.
So we're fully skint? Not surprised after seeing the latest financials and it's no wonder the parasites want to sell now. The well has runneth dry, the golden goose is dead. If we don't sell to ME investment we're proper fecked.
The reason we can’t afford to spend much up-front this winter is because we committed 220m this summer on top of the 120m we committed last summer. I don’t get how people think that because it’s a new transfer window that what happened previously has zero bearing and we have a blank chequebook all over again. It’s so incredibly weird - right up there with calling a club that has sanctioned a record 1.5bn spend in the last decade and that had by far the highest wage bill in EPL history last season “penny pinchers” - a truly bizarre assertion that has no basis in reality. We have 100m of the low interest credit facility remaining and if a special opportunity arises I’m sure we’ll make it happen - Gakpo isn’t a special opportunity.
If it is a partial sale then I'd be extremely interested to learn the identify of those who have such strong faith in the Glazers' competency, essentially handing them £bn's of investment with minimal say over how their money will be used.
It is not sold yet. United are listed and this is not something that can be kept under.
A partial sale makes absolutely no sense, the club is desperate for investment so proceeds from any partial sale would have to go back into the club and Glazers would be losing shares with no return.
As you point out they are incompetent so even in the unlikely event proceeds did go back into the club it would have to be a pretty stupid investor to hand them a huge sum of money and allow them to remain in charge.
And how many of those acquisitoins you mention are for a sports team? Because referencing other industries seems pretty daft to me. Did you know, some companies make billions in profits a year! And MUFC barely make any! Wow, why aren't we doing that?
$6bn (or $8bn as you point out) is a staggering amount of money for an entity that in an excellent year posts c. $100m of profit.
Most people don't even have the most basic understanding of footballnomics and/or the club's finances
Unfortunately, this is the part that most miss.
If you want a short - medium return investment on your purchase, then you will struggle with United. The club will haemorrhage a lot of money before the new buyers see any kind of return on their investment.
That would be the best case scenario. But what I want to say is that we should get our hopes up for the new owner to come in purely because he/she loves the club.
You know … people are harping on ME investment, or the “evils of oil money” … which I still think is silly.. but those owners and a “love for the club” are not necessarily mutually exclusive. Roman genuinely cared about Chelsea. You can pretty plainly see Mansoor cares about what happens to City.
So this goes back to the “not all middle eastern buyers are equal”.
Believe it or not, the Raine group is pretty good at sussing out which is which. But they have to be given direction to make that a priority by the sellers.
One question I had about potential Islamic buyers and United specifically though: how would they approach you badge imagery and nickname?
Iconography is a big deal for them. If I’m not mistaken they made Real Madrid remove the cross from the top of the crown on their badge for jersey sales, and they didn’t even own the team.
How will they deal with having devils with pitchforks plastered on everything?
So, 49ers are tipped to buy a majority share in Leeds. US still buying up shares/football clubs.
Leeds owner says more resources will be required to take the club forward. Just imagine the resources required to take us forward?!
Leeds owner says more resources will be required to take the club forward. Just imagine the resources required to take us forward?!
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That’s why it doesn’t make sense to buy us for most. Most of the value has been extracted and now we need someone to come in and spend our way out of a malaise. You could double your money on a team like Leeds.
Honestly, at this point financial doping seems like a necessity for us, else we'll end up like Wenger's Arsenal with the major exception that there are 6-8 clubs in a stronger financial position than us and we won't have a snowball's chance in hell to make CL through the league for years
This is … unfortunately true. You are buying a golden brand with United, and a massive fanbase.
But you are also buying into huge debt and facilities and infrastructure that need a complete overhaul. Cristiano was a jerk about it … but he wasn’t necessarily wrong, either.
If you were paying 2 billion for the club that wouldn’t be an issue. But the pricing will be at the very limit of value as is. Essentially, the Glazers want to have their cake and eat it too. They want to suck all the money and investment out of the club for well over a decade, leverage it to death, then sell it as if they had been doing all the right things the entire time.
That's something I hadn't really thought about. There have been calls for reinstating 'Football Club' to the club's badge. I suppose they could reintroduce the 3 rivers to the badge under a guise of respecting the club's heritage.
But if we miss out on CL football again this season doesn’t our deal with adidas reduce by 25% or something like that, not to mention the actual revenue we’d earn from it, any potential buyer would surely want to bring the price down of the club without these things.
Not sure how much it would affect the sale price but the buyers would probably want to re-negotiate a lower price, could also be why they’re looking to sell in the first quarter of next year to take that jeopardy away?
Well as they say soemthing is only worth what someone will pay for it, just because the Glazers want £5-£6 billion, doesn't mean they will get that for it, they are basically relying on a oil state just paying them whatever they ask because they can. it's a remote chance to say the least.
The problem the Glazers have is that have taken the club the edge, and now need an out, there can't be any backtracking now with them saying they're staying afterall, because everyone knows that will be mean no new stadium, and no proper investment, which unleash hell for them, and will only mean further decline, and ultimately the club been worth less. Also for the first time the fans know there is a viable buyer there in Ratcliffe, and just becuse he won't pay them what they want, doesn't mean he won't pay them an amount that will see them make a massive profit on something they have no right to make a profit on at all.
Part of me hopes they are getting a reality check right now about how much the club is worth.
Same way they deal with anything else.... money and leverage.
They'll force us to change it back to this one
They would be stupid (and we know they are in this sense) not to sanction purchases, in my opinion.
Why? Because one of the major valuation methods relies on future cashflows and if you just include CL participation in that over 20 or so years, you'd get a bump of a few hundred million.
One thing that might play into this as well is the fact is we're almost a shoe-in to make the CL based on the new rules (I forget when they come in force exactly, I think from the season after next) but that still assumes we maintain our European coefficient through the EL which is not a given by any means.
You could also argue against my point by saying no sane person is buying United based on the valuation put forward by the Glazers, so it's all a bit academic.
At this point, I just want them to feck off.
Around Manchester we have Pride flags sponsored by Man City.
When it comes to money I don't think the middle east billionaires have a problem relaxing their viewpoints.
I really don't think they'll care about that at all.
If they did then Manchester United shirts would long have been long banned in the Middle East.
Replace it with a bone saw to show that 'we mean business.'
Good shout. Ornstein talking quite confidently about a takeover happening in the next few months and stating it will be a seismic event!
Weird he dropped that to nbc so casually instead of the Athletic first
Very positive news and fully explains why there’s so many stipulations being put in place in terms of January spending.
Felix on loan and the Glazers gone by 31st January would be a decent start to the new year
Hes not saying anything big.
If that is the only birthday gift I'll recieve that day I'd be happy.
Q1 starts in March, ends in June.
Silly question but is there a chance tier one journalist(s) may be aware of the potential buyers now, but told to keep it to themselves until sufficiently advanced?
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