Club Sale | It’s done!

[Cloud7]

The latter and this was actually said about a month ago and people ignored it

It's quite easy to miss when there's any actual news in this saga

 

[Godfather]

This news was reported by a few a month ago and is now coming back around after all the SJR preferred bidder noise.

Missed that. I hope so as further negotiations would drag this out even more

 

[George The Best]

Goes against the reports of naming a preferred bidder soon.

 

[Cassidy]

I just think that if Jassim is really rich enough to buy us without help then we'd know more about his business dealings, not just the ones where he tags along with his father.

Whilst I’m not saying this is not state funded. Knowing more about the business dealings of Qatari nationals requires research that none have bothered to do. Forbes doesn’t accurately report their wealth either. Its better to understand what you don’t know.

 

[RedDevilUnited369]

Include them in what ? They are one of multiple parties bidding for United. The "do they actually have the funds" bit would seem to be a part of the process in selecting a preferred bidder, which hasn't happened yet.

Are you really arguing that a professional outfit like Raine Group are trying to conduct a £5-6b auction with potential bidders without first checking they can afford it?

 

[Mr Pigeon]

Goes against the reports of naming a preferred bidder soon.

Either way it means that we're coming to the end of this crap. If I could post a meme here it would be the banana doge one flying through the sky with the words "I Want To Believe".

 

[Member 101269]

I just think that if Jassim is really rich enough to buy us without help then we'd know more about his business dealings, not just the ones where he tags along with his father. That's the unknown part. We can't just assume his dad's wealth = his wealth. I'm sure your father never let you access his bank account whenever you wanted..

Whereas, I think we've seen evidence that they aren't entirely open and hide their wealth e.g. ownership of the 300m yacht

 

[Cassidy]

Are you really arguing that a professional outfit like Raine Group are trying to conduct a £5-6b auction with potential bidders without first checking they can afford it?

Yes @Raoul is even though its not something that could happen at this stage in the process

 

[VP89]

I don’t think we’re living pay cheque to pay cheque just yet. Plus minority investment is right there for them and they’ve locked them out pretty early on.
If they were willing to stay I don’t think we would have spent 250m summer then announce a sale 3 months later. I would think they would do the bare minimum in terms of spend to get us through 2/3 seasons.
Again, I’m not pretending to know what I’m talking about here!

We arent living pay cheque to pay cheque but we aren't able to put in the required amounts to sustain our position.
Our FFP situation is pretty bad and I think a lot of that is down to the Glazers racking up debt, struggling and with sponsors. They need major investment now which is why they even considered minority stakes prior to the full sale option.

 

[Raoul]

Are you really arguing that a professional outfit like Raine Group are trying to conduct a £5-6b auction with potential bidders without first checking they can afford it?

I'm sure they are doing their due diligence along the way, which may be part of the reason all of this is taking so long. Of course whether they can afford it and who is actually supplying the money are two different questions, both of which would be scrutinized throughout the process.

 

[cyberman]

I'm sure they are doing their due diligence along the way, which may be part of the reason all of this is taking so long. Of course whether they can afford it and who is actually supplying the money are two difference questions, both of which would be scrutinized throughout the process.

Wasn’t this done for stage 2 all those many months ago?

 

[Raoul]

Wasn’t this done for stage 2 all those many months ago?

I don't think there's anyway to know for sure given that the public aren't being briefed on the specifics of any of this. All we can do is speculate on what makes sense to us.

 

[Cassidy]

I don't think there's anyway to know for sure given that the public aren't being briefed on the specifics of any of this. All we can do is speculate on what makes sense to us.

You do know if you know anything about M&A
Not to mention that BoA wouldn’t act on their behalf in the transaction without KYC and AML

 

[Mickeza]

Jacobs normally just repeats what everyone else says with a little guesswork as further detail - so interesting to see him go completely against what the times and Keagan are saying.

 

[cyberman]

We arent living pay cheque to pay cheque but we aren't able to put in the required amounts to sustain our position.
Our FFP situation is pretty bad and I think a lot of that is down to the Glazers racking up debt, struggling and with sponsors. They need major investment now which is why they even considered minority stakes prior to the full sale option.

I don’t even think ffp is that bad. It’s 100m plus sales?
Not enough to force a sale anyway imo.

 

[Moston Red]

What does win or complete mean?

 

[Raoul]

Jacobs normally just repeats what everyone else says with a little guesswork as further detail - so interesting to see him go completely against what the times and Keagan are saying.

All of these guys are clutching at straws to make it appear that they are not in the dark imo.

 

[Tarrou]

They're not? The suggestion 92 foundation, in compliance with FA and UEFA rules, and having proven funds, cannot afford united is illogical. I take it you're not privy or involved in this deal? It looks like your imagination is running away with you rather than it being "perfect" justification, whether that means.

I swear you’ve been having this exact argument in this thread for months, you just pop in every now and then and start it again with a different poster

 

[Cassidy]

What does win or complete mean?

It means win (SJR wins and Glazers retains a stake) or SJ completes a full takeover

 

[Raoul]

The Jacobs thread (several more tweets within)

 

[Moston Red]

It means win (SJR wins and Glazers retains a stake) or SJ completes a full takeover

Ah ok, thank you.

 

[cyberman]

I don't think there's anyway to know for sure given that the public aren't being briefed on the specifics of any of this. All we can do is speculate on what makes sense to us.

Yeah but we don’t work for Raine so we don’t have to know. If they’ve come this far then they must have completed their diligence otherwise there would have been no point in all of those stages?
Why would Glazers care where the money came as long as the moneys there? What difference would it make to them?

 

[VP89]

I don’t even think ffp is that bad. It’s 100m plus sales?
Not enough to force a sale anyway imo.

Yeah that's not great in todays world. Also the stadium has been ignored for far too long, the Glazers know they need to tend to that. So it actually makes a lot of sense selling now and maintaining some stake (if they believe there shares are currently very undervalued to what they believe it will be in a couple years).

If they don't think something big is round the corner, or that the Jassim bid offers a good enough premium then sure they can sell right now and choose them.

Just saying if they go for SJR, it's because they want a stake in the club. If they want a stake in the club, they see value in the share price thats' greater than what SJ is offering them.

 

[Cassidy]

Yeah that's not great in todays world. Also the stadium has been ignored for far too long, the Glazers know they need to tend to that. So it actually makes a lot of sense selling now and maintaining some stake (if they believe there shares are currently very undervalued to what they believe it will be in a couple years).

If they don't think something big is round the corner, or that the Jassim bid offers a good enough premium then sure they can sell right now and choose them.

Just saying if they go for SJR, it's because they want a stake in the club. If they want a stake in the club, they see value in the share price thats' greater than what SJ is offering them.

Rumour has it a few of the Glazers owe half a billion on something unrelated to United which needs to be serviced this year

Also as you have pointed out especially in this current financial climate. They are not in a position to further borrow against the club to fund its activities

 

[Skills]

Is anyone surprised anymore? I predicted at xmas that there was a small chance ETH wouldn't start the season as he'd walk in the summer in the face of the clubs complete lack of ability to do anything properly. I think that chance gets bigger by the day.

Wanna bet he doesn't walk?

 

[Rooney24]

I don't think there's anyway to know for sure given that the public aren't being briefed on the specifics of any of this. All we can do is speculate on what makes sense to us.

it was definitely done as an earlier part of the process.

Raine would look, and would be, completely incompetent if they let a bidder get this far without checking out they had the funds and doing all the DD.

 

[Cassidy]

Is anyone surprised anymore? I predicted at xmas that there was a small chance ETH wouldn't start the season as he'd walk in the summer in the face of the clubs complete lack of ability to do anything properly. I think that chance gets bigger by the day.

What are you on about

 

[Member 101269]

I swear you’ve been having this exact argument in this thread for months, you just pop in every now and then and start it again with a different poster

I'm sure there are plenty of people that have discussions over and over again with people. It seems only some of my posts catch your eye, do keep up..

 

[Water Melon]

Were it not the Glazer's themselves who contacted Nasser al-Khelaifi to pass a message to Jassim after which a new offer came in? If that is the case, then Jassim has most likely won it.

 

[cyberman]

Yeah that's not great in todays world. Also the stadium has been ignored for far too long, the Glazers know they need to tend to that. So it actually makes a lot of sense selling now and maintaining some stake (if they believe there shares are currently very undervalued to what they believe it will be in a couple years).

If they don't think something big is round the corner, or that the Jassim bid offers a good enough premium then sure they can sell right now and choose them.

Just saying if they go for SJR, it's because they want a stake in the club. If they want a stake in the club, they see value in the share price thats' greater than what SJ is offering them.

But the buy out for the remaining shares would have a fixed number attached or else the agreement would be worthless since Glazers could just say no? It’s not as if they can sell the shares elsewhere since the value to non Jim investors would be zero and it’s only bloated now because of the takeover.
I cannot wait until this is over! There’s folks working in finance laughing at our conversation right now

 

[VP89]

But the buy out for the remaining shares would have a fixed number attached or else the agreement would be worthless since Glazers could just say no? It’s not as if they can sell the shares elsewhere since the value to non Jim investors would be zero and it’s only bloated now because of the takeover.
I cannot wait until this is over! There’s folks working in finance laughing at our conversation right now

I'm not sure what you're referring to there, but if we assume a scenario where the Glazers want to keep a stake for 2-3 years.
SJR's bid would buy enough for a majority now, and then in 2/3 years time he will have call options to buy the remaining shares at an x price. That x price may be higher than what SJ's current premium is.

 

[Raoul]

Were it not the Glazer's themselves who contacted Nasser al-Khelaifi to pass a message to Jassim after which a new offer came in? If that is the case, then Jassim has most likely won it.

Why would they use Khelaifi for that when Raine could inform him ?

 

[VP89]

Goes against the reports of naming a preferred bidder soon.

How does it?

 

[united_99]

Why would both parties need to complete all the formalities until the end? Surely a decision needs to be made so the other party doesn’t go into the final stage for nothing.

 

[Cassidy]

Were it not the Glazer's themselves who contacted Nasser al-Khelaifi to pass a message to Jassim after which a new offer came in? If that is the case, then Jassim has most likely won it.

And Khelaifi refused

 

[Cassidy]

How does it?

Because it says that part would be skipped whist others were reporting preferred bidder would be announced.

 

[Cassidy]

Why would they use Khelaifi for that when Raine could inform him ?

One may be more respected by Jassim that the other

 

[cyberman]

Were it not the Glazer's themselves who contacted Nasser al-Khelaifi to pass a message to Jassim after which a new offer came in? If that is the case, then Jassim has most likely won it.

Buddy of mine thinks this was leaked by Jim since it serves no advantageous purpose to Qatar or Glazers. He says it’s either his way out by saying the Glazers never had any intention to sell to Jim (as the narrative told us about Qatar last week) or it’s a Hail Mary by Jim to put the pressure on United by bringing up the PSG and state link and all the negative reaction that gets.
Funny thing is we will never know.

 

[VP89]

Because it says that part would be skipped whist others were reporting preferred bidder would be announced.

The problem with tweets is even the best of journalists don't type it as clearly.
I wouldn't read too much into it though - the consistency among the reports appears to be that both parties are in the running, both parties are working as though they will wrap up the deal and the announcement of which party it is will come this week.

 

[cyberman]

I'm not sure what you're referring to there, but if we assume a scenario where the Glazers want to keep a stake for 2-3 years.
SJR's bid would buy enough for a majority now, and then in 2/3 years time he will have call options to buy the remaining shares at an x price. That x price may be higher than what SJ's current premium is.

Why wouldn’t that price not be included in his price offer now? Surely it’s a value on the shares and club as a whole? It’s not something to be negotiated after the fact, that’s for sure.