Club Sale | It’s done!

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Jerch said:
Do will we be plastic now when we will have oil based owners or will this be different to other oil based owned clubs?
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I'm not keen on the whole thing but I suppose there's a differnce in that we're an established global club rather than the sort we generally talk about.
 
devilish said:
Football journalists have links within the club (ex employees) and yet this deal is probably done in Tampa Bay not Manchester. We're more likely to get information from economy/business journalists rather then football ones
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Yeah, I think so too.

Look, in these circles, there is just not a culture to keep quiet about things. When it’s insider information it’s of course more sensitive, but it still get leaked all the time. And the plc’s stock price is up 100% from the lowest point of 2022, info on potential buyers on a short list should not be price sensitive.

But in any event, rumors on big mergers are leaked all the time. There is data on this. If there are unexplainable movements in the share price of a company a short time before a potential transaction is announced the first time (we are past that point already), it’s considered to be leaked. About 15% of all public mergers are leaked before they take place — and many of them regards companies without much if any public interest

But most of the time it’s pure gossip that gets out, all the time. If a banker have a lunch with a really really important customer for the banker in question — and the customer brings up the topic of a Manchester United sale, is there a risk that the banker would say something like ‘it’s down to X or Y’ if he/she had that information? That is how information get out all the time. People have lunch and gossip. Everyone do. Everyone will of course not say ‘buy X stock on before Wednesday’, but gossip.

And that is not even including all cases of down right leakage to journalists, like info is leaked for a reason to Fabrizio Romano and the likes in football, the same is of course done on Wall Street. It’s not like it doesn’t exist people with sharp elbows. You will even have people trading information for favors in the form of articles. “If I give you this information, will you then when I ask publish an article on a topic I chose with the angle I chose?” (if it’s something fairly feasible)

There are so many deal blogs, Twitter accounts, journalists that report on gossip and rumors from Wall Street. If this transaction was of public interest — in those circles — the info would be out. If it was about New York Knicks, more info would be out.
 
Flash News

Fabrizio Romano had just confirmed that conversations are on going with some groups.
 
Conversations are ongoing about #MUFC's sale. The expectation is that United will have enough time to prepare for the summer transfer window with new owners. [@FabrizioRomano, @UnitedStandMUFC]


Nothing we already know
 
stw2022 said:
Has he also confirmed that somethings may or may not happen?

Huge if true
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Or that the Dubai investors are definitely appreciated by the United owners but at this point there is nothing that is confirmed...
 
To be fair, Romano would have been asked the question and he would have answered. Not his fault really.

But yeah, no update from hia end.
 
red thru&thru said:
I do agree in general with what you're saying, however, more debt on the club whilst trying to sell isn't attractive. We have over billion in what we owe to others, adding to that isn't smart.

Also, them not paying themselves dividends seem quite significant. They need as much money to stay in the club, to try and keep the books looking good as they can, when selling.
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Yeah, but it's always a balance between economics and sporting opportunity. Even the Glazers, for all their faults were never obtuse enough not to recognise this.

Hence the club has invested significantly in the playing squad over their tenure. Partly because they have to be seen to be doing that, and partly because we have to be trying to access CL money and keeping our brand front and centre in order to keep our revenue streams intact.

I don't think that equation suddenly changes. It all seems a bit 2 + 2 = 5 to me to think that they're now going to hide the cheque book. I think our strategies were largely predetermined based on what we did in the summer. If the Glazers are still hanging around in the summer I still expect business will be done too. They don't really gain anything by neglecting the squad, buyers see that too. The squad is an asset.
 
justsomebloke said:
What I can't get over is how short-sighted that thinking is. They're saying we're not going to be able to do something like a 16m loan for Joao Felix, because we only have 10m available. They've decided the money spent this summer was enough. And it's not the first time we've heard that logic: A certain sum has been made available, it's spent, and that's that. A more competent owner would perhaps be prepared to actually analyse expenditure from a cost/benefit perspective, rather than just authorise a certain sum and then go to sleep. In this case, we're not talking about strengthening the team (which pretty much every manager in the world always thinks is necessary). We're talking about plugging a gaping hole in the squad. We lost our number one striker, and our number two is constantly injured - just as we are embarking on the most gruelling schedule imaginable. Getting a decent striker in could very realistically be the difference between making the CL and missing out. Is that smart, compared to investing 16m rather than 10m? Even financially, that's penny wise, pound foolish. And it's not the first time either.
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Well, I'd say let's remain calm about that. Nothing is settled as yet so it seems a bit preemptive to be getting up in arms about a window that is far from closing. People were doing that in the summer and yet by the end they had to admit we did okay.

To be fair I think the Felix deal as presented in the media is a fairly horrible economic deal. The cost benefit is also fairly complex because you're not buying proven success, or even a player that is adapted to the league. I couldn't hang my hat on Felix and say there's a guy that gets us into the CL to a high degree of certainty.
 
Abraxas said:
Yeah, but it's always a balance between economics and sporting opportunity. Even the Glazers, for all their faults were never obtuse enough not to recognise this.

Hence the club has invested significantly in the playing squad over their tenure. Partly because they have to be seen to be doing that, and partly because we have to be trying to access CL money and keeping our brand front and centre in order to keep our revenue streams intact.

I don't think that equation suddenly changes. It all seems a bit 2 + 2 = 5 to me to think that they're now going to hide the cheque book. I think our strategies were largely predetermined based on what we did in the summer. If the Glazers are still hanging around in the summer I still expect business will be done too. They don't really gain anything by neglecting the squad, buyers see that too. The squad is an asset.
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Or they're very confident of a sale and choose not to spend? As I say, them not paying themselves the dividends is a big signal of intent of them looking to sell asap. Their business model is no longer going to work.
 
Abraxas said:
Bizarre how people keep talking as if the Glazers are personally going to dig into their wallets, check behind the sofas for any spare cash for a transfer. When has that ever happened and why would it suddenly happen now?

A transfer isn't going to threaten a sale, and a sale probably isn't going to threaten a transfer. What is more likely to threaten a transfer is the boat load we've spent recently. They probably budgeted for winding down transfer activity, at least until next summer, and my theory is they probably aren't doing anything different just because a sale may or may not be in the offing. It's all based on our budgets not a sale that may be miles off.
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Uhm they're not entirely wrong though. It's not like people are saying this is what they want the glazers to do. It's just generally not to be expected anyone commits any significant outlay on the eve of a transition. It will more likely be a more modest stand in arnautovic type. Before even talking about a sale the club had said there would be little business this window. It was already unlikely enough before news of the sale. Or they wouldn't be looking for outside investors in the first place.

Nothing coming out of the club is consistent with a January warchest or willingness to invest any more internal revenue. It's also no secret they cocked up the summer budget. Them exploring a strategic partnership makes it clear they might even have been willing to stay if they could secure external funding. It just doesn't feel like a situation we can realistically expect the seller (glazers) to commit any more financially.
 
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red thru&thru said:
To be fair, Romano would have been asked the question and he would have answered. Not his fault really.

But yeah, no update from hia end.
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He would come across as more honest if only he said that he has no news on the matter.
 
justsomebloke said:
What I can't get over is how short-sighted that thinking is. They're saying we're not going to be able to do something like a 16m loan for Joao Felix, because we only have 10m available. They've decided the money spent this summer was enough. And it's not the first time we've heard that logic: A certain sum has been made available, it's spent, and that's that. A more competent owner would perhaps be prepared to actually analyse expenditure from a cost/benefit perspective, rather than just authorise a certain sum and then go to sleep. In this case, we're not talking about strengthening the team (which pretty much every manager in the world always thinks is necessary). We're talking about plugging a gaping hole in the squad. We lost our number one striker, and our number two is constantly injured - just as we are embarking on the most gruelling schedule imaginable. Getting a decent striker in could very realistically be the difference between making the CL and missing out. Is that smart, compared to investing 16m rather than 10m? Even financially, that's penny wise, pound foolish. And it's not the first time either.
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He's not a striker though? Also, it's a negotiating tactic. They will likely settle around the 10m mark, which is still totally outrageous for several months of service.
 
Abraxas said:
Well, I'd say let's remain calm about that. Nothing is settled as yet so it seems a bit preemptive to be getting up in arms about a window that is far from closing. People were doing that in the summer and yet by the end they had to admit we did okay.

To be fair I think the Felix deal as presented in the media is a fairly horrible economic deal. The cost benefit is also fairly complex because you're not buying proven success, or even a player that is adapted to the league. I couldn't hang my hat on Felix and say there's a guy that gets us into the CL to a high degree of certainty.
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Hopefully my pessimism will turned out to have been misplaced. I agree Felix isn't a sure thing, but then if we're not prepared to pay 37m for Gakpo, whom ETH seemed to consider a long-term solution, it's hard to see that anything we're prepared to consider will be better than that.
 
cyberman said:
Not sure you’re supposed to sell assets for what they’re actually worth at this level of business
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I reckon people might overpay just because it’s Manchester United. It is like buying Mona Lisa. But still shocked with amount of money the leeches can extract from this club. Bottomless.
 
Mickeza said:


Good shout. Ornstein talking quite confidently about a takeover happening in the next few months and stating it will be a seismic event!
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Doesn’t seem to be because of the who the who the fact that someone is taking the club over. Hopefully, we go for the very best and begin to invest to win.
 
Sorry if posted but:



Translation:

‎Avram Glazer in Doha .. Manchester United is for sale and the royal family is trying to buy the club

Tweeter took the photograph just before New Years. Seems he stayed behind after the World Cup
 
strandty said:
Sorry if posted but:



Translation:

‎Avram Glazer in Doha .. Manchester United is for sale and the royal family is trying to buy the club

Tweeter took the photograph just before New Years. Seems he stayed behind after the World Cup
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I was gonna post it but was dubious about the source. Seems to be a legit picture, not an old one though so.
 
strandty said:
Sorry if posted but:



Translation:

‎Avram Glazer in Doha .. Manchester United is for sale and the royal family is trying to buy the club

Tweeter took the photograph just before New Years. Seems he stayed behind after the World Cup
Click to expand...

As much as I would like this to be about the sale, the Raine Group are handling that so he's probably there to network for post sale. You don't buy a dog then bark yourself.
 
strandty said:
Sorry if posted but:



Translation:

‎Avram Glazer in Doha .. Manchester United is for sale and the royal family is trying to buy the club

Tweeter took the photograph just before New Years. Seems he stayed behind after the World Cup
Click to expand...

Damn it. This calculator doesn't have enough zeros on it.
 
crossy1686 said:
As much as I would like this to be about the sale, the Raine Group are handling that so he's probably there to network for post sale. You don't buy a dog then bark yourself.
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They can handle negotiations and then the Glazers can get together with the new owners to see off the deal? If this is true I can’t se where the haggling comes from
 
crossy1686 said:
As much as I would like this to be about the sale, the Raine Group are handling that so he's probably there to network for post sale. You don't buy a dog then bark yourself.
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Avram does seem to be doing a lot of "running around" in Qatar. Could Raine Group be used as an advisory/vetting process, whilst Glazers hold the talks themselves?

I'm just trying to think of alternatives as to why Avram has been spending so much time out there. I think we can comfortably say it's not for his love of football.
 
crossy1686 said:
As much as I would like this to be about the sale, the Raine Group are handling that so he's probably there to network for post sale. You don't buy a dog then bark yourself.
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I'm sure he's involved at a high level still. The club remains his commodity to sell.
 
cyberman said:
They can handle negotiations and then the Glazers can get together with the new owners to see off the deal? If this is true I can’t se where the haggling comes from
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Yeah, the Glazers are obviously going to be speaking to the potential new owners a fair bit

Most probably just an old picture though
 
Being a state owned club doesn't necessarily have to mean that the fans' interest aren't looked after.
 
red thru&thru said:
Avram does seem to be doing a lot of "running around" in Qatar. Could Raine Group be used as an advisory/vetting process, whilst Glazers hold the talks themselves?

I'm just trying to think of alternatives as to why Avram has been spending so much time out there. I think we can comfortably say it's not for his love of football.
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His business does a lot of work in the Middle East. He also owns a T20 team in a league starting in the next week or two.

There’s loads of reasons for him to be over there that have absolutely no connection to football.
 
Tarrou said:
Yeah, the Glazers are obviously going to be speaking to the potential new owners a fair bit

Most probably just an old picture though
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The actual tweet is 3 days old. The person who tweeted it also claims to have taken the picture.

Who knows what the truth is.
 
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