It is so depressing that the Glazers are so totally unconcerned with United that they are letting the sale of the club take precedence over preparations for next season. The transfer window is open and there are no signs that a sale of the club is imminent. 7 months this process has taken so far and I'm starting to fear it won't even be over when the transfer window closes again.
Club Sale | It’s done!
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because they will alienate the only two interested bidders at this price-point, making it unlikely they come back the next time they decide to sell
this is the first time they've announced they are selling, and we're talking about them potentially deciding to not sell
they've never done that before
Sorry I should’ve worded it better.
What I mean is, though they’re selling - don’t be surprised if they try and grift through this window, trying to raise the bids for the club while completely fecking in the window in the process.
I feel that they have a very weird relationship with the club and essentially almost resent Man Utd somewhat. Despite it being a literal golden egg laying goose for them.
I see what you mean but I think that would be very counter-productive to their own self-interests at this point.
They've already dragged the process along too long. If we reach the end of the window, without a sale finalised and no transfers, they'll be putting themselves in a weaker negotiating position. Both bidders would be at risk of walking away from frustration and knowing the Glazers have potentially fecked the club for next season too. They likely feel it is already over-priced, that might be enough for them to say feck it then.
On top of which, the Raine Group seem to be working on this deal painfully slowly.
Some interesting points, it’s as if the club was always a millstone for the Glazers, using an analogy, they’ve long treating us like an abandoned holiday home up until recently. Now that Raine have established the clubs full value as potentially being anywhere between $8-$10 billion they’re racing to keep the bidding war going for the foreseeable future.
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Ben Jacobs is one of the worst wafflers I've ever had the misfortune to listen to. He understands the takeover process from his covering of the chelsea takeover which he uses to explain the outline of this process, but beyond that he has no exclusives intel on the intention of either bidders. He's been on the united stand and people'stv repeating what's already been reported online, but he will happily talk for over 30 millions to get simple basic points across using word salad's to make it seem he's more intelligible on what's going on when he's probably one the last one to be drip fed info. He's an absolute attention seeker
I think you’re missing my point, yes there could be a recession heading our way but even highly respected economists have been getting this prediction wrong and in your original post that I replied to you seemed to suggest that a recession was a given.
When it comes to the sale I just want the Glazers gone so if SJR buys the club with them cnuts still around in any capacity I’d rather it was SJ but ultimately I just want the club run and invested in properly.
This is getting done 2024, isn't it?
If we only sign Mount because they decided to sell the club last minute before transfer window ends I'm gonna explode. Just feck off ye hunchback ogres. Don't know how to run a football club and yet massively profiting from it BUT EVEN that is not enough, they just have to make sure they milk every single drop out of the club. Disgusting.
There's being optimistic, then there's this
Which will happen first - the war in Ukraine ends or the takeover is complete?
I’ve a feeling the gargoyles will hold on till after the next UK elections.
Putin vs Glazers...
Just realised how bad are Glazers that I don't rate then better than Eben Mr Ironman!
In the year 2525, if man is still alive that is.
That makes 300 million of us all wanting the same thing
You don't need a world class manager to win the Champions League.
Enrique, Flick, DiMatteo, Benitez, Tuchel and others have all won it. That's no excuse for PSG.
His hair is so flat, it's like he has a helmet on
This is what happens when you engage with the Glazers.His hair is so flat, it's like he has a helmet on
Why SJ looks like winning.
Caveat, I would prefer SJ, he will remove the Glazers and I appreciate that SJR will be similarly looking to do so but his strategy, in my opinion, leaves then lurking and not certain.
1. SJ has and retains the financial capacity to bid the most.
2 why has he not ended the process, because he knows, within a margin of error, that his bid is the most attractive, financially and practically.
We have been frustrated by his bids which appear, on face value, as being lower that SJR's, however he may have factored in the following:
The Glazer family need and want to sell. They have on average removed about £50 million a year for the last 12 years via share sales and dividends. They have one year left of doing the same but after one more year of share sales that is it.They can't go below 2/3 ownership.
Some of the siblings have already sold their, sellable allowance of shares, assuming those siblings have sold about 3.5%ish each of the 20% that the Glazers had available to sell on the NYSE (20% ÷ 6 siblings). Originally sold 10% and then over the last 10 years 20%.
The club needs a financial injection, Old Trafford/facilities. The Glazers do not intend to enter into any meaningful upgrade.
They have never looked to put their own money in and would not do so now. Each pound put in, as direct investment, would, theoretically amount to giving the Class A shareholders 30p for their holding. They are not going to do that, unless a new stadium allowed them to recoup a massive return on their outlay, but that would have to be almost doubling their investment when taking into account the 30p they are immediately benefitting the class A shareholders with and then added to the costs of obtaining that investment money.
Take a loan out against United - not an option because of the lack of lenders willing to provide finance at a reasonable rate, only option appears to be Investment Funds who are the lenders of last resort due to their aggressive nature to see a good return.
The portrayed option of only selling off only the Glazer share to the disadvantage of Class A shareholders. A poor option because the Class A shareholders will take them to court if they are sold out and investors must be correspondence reminding the board of their duty.
AV and Joel to stay on? A leveraging ruse to create the fiction of options. AV is one of the biggest sibling stake sellers, he has no interest in the club beyond taking out as much as possible. There may be upside in the future but it is not obviously foreseeable and involves more risk than other alternatives.
SJR's creative option has been overplayed for leverage. For the reasons above, they cannot ignore the Class A shareholders and they know/realised this. Some of the institutional investors increased their stakes, during the process, and will only have done so after fully considering their positions and options. They have the Glazers in their sights and the Glazers track record as poor custodians and their self serving governance are no doubt backed up with the investors lawyers assurances of a sound legal case, if necessary.
Based on the above there is only one option available to the Glazers, full sale to SJ.
Knowing this, the Glazers have manipulated the process to be as obscure as possible, hoping that SJ will be fooled into bidding more.
However the reality is SJ's team will know this and have been patiently tagging along, although now are increasingly frustrated by the Glazer's sham tactic of creating a bidding war.
The Glazers have used everything possible to muddy the process:
minority stake
may not sell
silent treatment
however SJ's team have not just conceded and paid the OTT sum the Glazer's want, even if they are still paying more than the club is technically worth.
The question remains, will SJR be able to improve his bid and appease the Class A shareholders. This will be extremely difficult given the highly leveraged nature of his bid. SJR is not stupid but perhaps pride has fogged his judgement on this occasion.
I can't believe that SJR is participating in a scam with the Glazers to get SJ to just pay more, SJR is much wealthier than the Glazers combined, why sully your reputation for the Glazer family, INEOS make billions per month. He is definitely not a patsy, he wants the club but hopefully that won't involve the Glazers or funding from the investment fund sharks.
The final question is how long will the Glazers give SJR?
SJ will wait but he must be disturbed with all the delays and hopefully has given the Glazer's an incentivised time driven option.
The media blackout suggests that things are coming to a conclusion otherwise the SJ team, in particular, would have vocalised their frustration, as they have done during the silent treatment/SJR is winning phase.
Caveat, I would prefer SJ, he will remove the Glazers and I appreciate that SJR will be similarly looking to do so but his strategy, in my opinion, leaves then lurking and not certain.
1. SJ has and retains the financial capacity to bid the most.
2 why has he not ended the process, because he knows, within a margin of error, that his bid is the most attractive, financially and practically.
We have been frustrated by his bids which appear, on face value, as being lower that SJR's, however he may have factored in the following:
The Glazer family need and want to sell. They have on average removed about £50 million a year for the last 12 years via share sales and dividends. They have one year left of doing the same but after one more year of share sales that is it.They can't go below 2/3 ownership.
Some of the siblings have already sold their, sellable allowance of shares, assuming those siblings have sold about 3.5%ish each of the 20% that the Glazers had available to sell on the NYSE (20% ÷ 6 siblings). Originally sold 10% and then over the last 10 years 20%.
The club needs a financial injection, Old Trafford/facilities. The Glazers do not intend to enter into any meaningful upgrade.
They have never looked to put their own money in and would not do so now. Each pound put in, as direct investment, would, theoretically amount to giving the Class A shareholders 30p for their holding. They are not going to do that, unless a new stadium allowed them to recoup a massive return on their outlay, but that would have to be almost doubling their investment when taking into account the 30p they are immediately benefitting the class A shareholders with and then added to the costs of obtaining that investment money.
Take a loan out against United - not an option because of the lack of lenders willing to provide finance at a reasonable rate, only option appears to be Investment Funds who are the lenders of last resort due to their aggressive nature to see a good return.
The portrayed option of only selling off only the Glazer share to the disadvantage of Class A shareholders. A poor option because the Class A shareholders will take them to court if they are sold out and investors must be correspondence reminding the board of their duty.
AV and Joel to stay on? A leveraging ruse to create the fiction of options. AV is one of the biggest sibling stake sellers, he has no interest in the club beyond taking out as much as possible. There may be upside in the future but it is not obviously foreseeable and involves more risk than other alternatives.
SJR's creative option has been overplayed for leverage. For the reasons above, they cannot ignore the Class A shareholders and they know/realised this. Some of the institutional investors increased their stakes, during the process, and will only have done so after fully considering their positions and options. They have the Glazers in their sights and the Glazers track record as poor custodians and their self serving governance are no doubt backed up with the investors lawyers assurances of a sound legal case, if necessary.
Based on the above there is only one option available to the Glazers, full sale to SJ.
Knowing this, the Glazers have manipulated the process to be as obscure as possible, hoping that SJ will be fooled into bidding more.
However the reality is SJ's team will know this and have been patiently tagging along, although now are increasingly frustrated by the Glazer's sham tactic of creating a bidding war.
The Glazers have used everything possible to muddy the process:
minority stake
may not sell
silent treatment
however SJ's team have not just conceded and paid the OTT sum the Glazer's want, even if they are still paying more than the club is technically worth.
The question remains, will SJR be able to improve his bid and appease the Class A shareholders. This will be extremely difficult given the highly leveraged nature of his bid. SJR is not stupid but perhaps pride has fogged his judgement on this occasion.
I can't believe that SJR is participating in a scam with the Glazers to get SJ to just pay more, SJR is much wealthier than the Glazers combined, why sully your reputation for the Glazer family, INEOS make billions per month. He is definitely not a patsy, he wants the club but hopefully that won't involve the Glazers or funding from the investment fund sharks.
The final question is how long will the Glazers give SJR?
SJ will wait but he must be disturbed with all the delays and hopefully has given the Glazer's an incentivised time driven option.
The media blackout suggests that things are coming to a conclusion otherwise the SJ team, in particular, would have vocalised their frustration, as they have done during the silent treatment/SJR is winning phase.
I think there is a general consensus that there will be a global recession next year. Question is how bad.
It's just taken me 20 minute to scroll past this
Apologies, summary SJ wins.
I wonder how many supporters have died since the announcement the club was going on the market?
I‘m just trying to think of something cheerful.
I‘m just trying to think of something cheerful.
Thanks, luckily you didn't trip over yesterday's post or that would have been your morning gone!Perfect
It was good post bud
These posts are like a form of grieving, sorry to burden everyone else with my grief but I look at this like a wake!
Assuming that we have a 1.1B fans around the world according to questionable google sources. Then around 20000 United fan die every day.
Now it's been around 7 months since the Glazers announced they want to sell the club. So probably around 4.4 Million fans have died since.
You're welcome.
I obviously understand people’s impatience, but I don’t massively understand people talking about how long this has dragged out. The initial story that the Glazers will be willing to sell was in November. That’s only 7 months ago. We’re talking about one of the the biggest sports brands in the world. There’s much smaller sales that take this long.
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I don't think it'll be done this year at this rate.
The (rushed) Chelsea takeover has warped peoples perception of how long a deal of this magnitude takes to be completed.
The longer this goes on, the more I lean towards them taking some form of financial backing from a hedge fund. Obviously not happy with the offers, doesn't look like there'll be any movement on the offers, so I'm starting to think there could be no sale.
I just think they’re squeezing every penny.
Not heard that Kaveh twat on sky then . He talks so slowly and seriously that he thinks it makes him sound knowledgeable but it does the opposite. Never mentions where he gets his information from only “sources tell me” and is invariably off the mark
I expect many have died inside. It’s the hope that kills. I think the whole world wants a resolution one way or the other. It’s getting tedious beyond words
They might be trying but it doesn't look like they'll be getting any more.
They've never cared about United why should they start now. And don't believe the clickbait the takeover won't be affecting Transfer business much if at all.
Doing the same thing to Chelsea over Mount, refusing to meet the price and leaving the bid on the table for Chelsea to accept or refuse exactly like the takeover process.
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