Club Sale | It’s done!

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pogbasformerbarber said:
I work in finance...I currently am dealing with one of the smallest acquisitions my firm has ever had (a little over $2M). We agreed to a price and general (non-binding) terms in Sept 2022. We likely won't close until November due to necessary adjustments in terms and other various governmental hoops we've had to jump through. Every deal is different...MU is structured differently than many other PL clubs. It's a complicated transaction that has many moving pieces. It's logical that term negotiations would be protracted.

I, and many on here I respect, keep explaining that there is no financial path to the Glazers being able to keep the team. Period. Everyone needs to calm down about them staying. They just aren't. It's right there in the numbers if you know how to look at them. Freak out and get all red faced about it if you want, but you are just creating unnecessary frustration in your life...
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I trust you, mainly because I like what you said, stranger.
 
pogbasformerbarber said:
I work in finance...I currently am dealing with one of the smallest acquisitions my firm has ever had (a little over $2M). We agreed to a price and general (non-binding) terms in Sept 2022. We likely won't close until November due to necessary adjustments in terms and other various governmental hoops we've had to jump through. Every deal is different...MU is structured differently than many other PL clubs. It's a complicated transaction that has many moving pieces. It's logical that term negotiations would be protracted.

I, and many on here I respect, keep explaining that there is no financial path to the Glazers being able to keep the team. Period. Everyone needs to calm down about them staying. They just aren't. It's right there in the numbers if you know how to look at them. Freak out and get all red faced about it if you want, but you are just creating unnecessary frustration in your life...
Click to expand...
One thing I don't quite get is that if it's incredibly obvious to you then what is the point of them pretending? Because I can't help but think anything people here are spotting would be rather obvious to the bidders also.
 
Pexbo said:
To be fair, if it goes above 30, you’re better off waiting for the desk to close and see what they are bought out at.
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Yeah, I don’t disagree. But meant that going to 30 it’s done. The close will come fast when the needle starts moving.
 
pogbasformerbarber said:
I, and many on here I respect, keep explaining that there is no financial path to the Glazers being able to keep the team. Period. Everyone needs to calm down about them staying. They just aren't. It's right there in the numbers if you know how to look at them. Freak out and get all red faced about it if you want, but you are just creating unnecessary frustration in your life...
Click to expand...

What you say is obviously true and has been ever since the superleague plan failed. But this is a muppet thread so you can't expect logic to hold much sway. We will have Qatari owners at some point soon. The rest is noise.

DOTA said:
One thing I don't quite get is that if it's incredibly obvious to you then what is the point of them pretending? Because I can't help but think anything people here are spotting would be rather obvious to the bidders also.
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It will be. Qatar has already leaked their offer was final. The delay will be caused by any number of bickerings and marginal gougings. For example I imagine minimising the tax situation is a whole other negotiation. Double taxation in UK and US can occur when you get it wrong.
 
pogbasformerbarber said:
I work in finance...I currently am dealing with one of the smallest acquisitions my firm has ever had (a little over $2M). We agreed to a price and general (non-binding) terms in Sept 2022. We likely won't close until November due to necessary adjustments in terms and other various governmental hoops we've had to jump through. Every deal is different...MU is structured differently than many other PL clubs. It's a complicated transaction that has many moving pieces. It's logical that term negotiations would be protracted.

I, and many on here I respect, keep explaining that there is no financial path to the Glazers being able to keep the team. Period. Everyone needs to calm down about them staying. They just aren't. It's right there in the numbers if you know how to look at them. Freak out and get all red faced about it if you want, but you are just creating unnecessary frustration in your life...
Click to expand...
Some folks enjoy the anxiety, I think. Football fans (United fans in particular) are used to the melodrama and volatility of transfer sagas and some have grown accustomed to it.
 
Glazers are selling, the question is how much and to whom.
 
Shares now just under $24 at $23.89 let’s see if this goes to $25 we should maybe get excited again maybe but then again maybe not?
 
Woziak said:
Shares now just under $24 at $23.89 let’s see if this goes to $25 we should maybe get excited again maybe but then again maybe not?
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Still think that if Qatar win it will fly past $30 in a matter of moments. Too quick to buy more at a reasonable price anyway.
 
DOTA said:
One thing I don't quite get is that if it's incredibly obvious to you then what is the point of them pretending? Because I can't help but think anything people here are spotting would be rather obvious to the bidders also.
Click to expand...

It is obvious to them...but there is a great deal of posturing in any negotiation. One as public as this includes an incredible amount of posturing. It's the only way you can really create leverage. The Glazers HAVE to try and at least posture towards staying otherwise they have very little leverage. So they at least are trying. I doubt, however, that the bidders have ever actually bought it.
 
glazed said:
What you say is obviously true and has been ever since the superleague plan failed. But this is a muppet thread so you can't expect logic to hold much sway. We will have Qatari owners at some point soon. The rest is noise.



It will be. Qatar has already leaked their offer was final. The delay will be caused by any number of bickerings and marginal gougings. For example I imagine minimising the tax situation is a whole other negotiation. Double taxation in UK and US can occur when you get it wrong.
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I think this is a very smart point. The super league was the final nail in the coffin for the Glazers and likely their Hail Mary effort to try and keep the club. This isn't an elective sale by them...
 
pogbasformerbarber said:
It is obvious to them...but there is a great deal of posturing in any negotiation. One as public as this includes an incredible amount of posturing. It's the only way you can really create leverage. The Glazers HAVE to try and at least posture towards staying otherwise they have very little leverage. So they at least are trying. I doubt, however, that the bidders have ever actually bought it.
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There is also the risk of unintending consequences. If the Glazers over-signal in such a way that INEOS feels embarrassed or that there is no chance and publicly withdraws its offer to save face then there's nothing to stop Qatar pulling a reverse auction. They have to keep the jeapardy alive till the very end. Maybe I'm just rephrasing your point...

The Glazer purchase of the club was itself an unintended consequence of SAF's row over Rock of Gibraltor. Weird stuff can happen.
 
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Pexbo said:
Still think that if Qatar win it will fly past $30 in a matter of moments. Too quick to buy more at a reasonable price anyway.
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If they really start to fly the shares will likely be suspended. They will probably be temporarily suspended anyway when an announcement is due.
 
pogbasformerbarber said:
I work in finance...I currently am dealing with one of the smallest acquisitions my firm has ever had (a little over $2M). We agreed to a price and general (non-binding) terms in Sept 2022. We likely won't close until November due to necessary adjustments in terms and other various governmental hoops we've had to jump through. Every deal is different...MU is structured differently than many other PL clubs. It's a complicated transaction that has many moving pieces. It's logical that term negotiations would be protracted.

I, and many on here I respect, keep explaining that there is no financial path to the Glazers being able to keep the team. Period. Everyone needs to calm down about them staying. They just aren't. It's right there in the numbers if you know how to look at them. Freak out and get all red faced about it if you want, but you are just creating unnecessary frustration in your life...
Click to expand...
This. There's plenty of real things to complain about with the Glazers, but the length of the sale isn't one of them. It's a multi billion dollar deal, worse case it could literally take years. Last year, Microsoft bought ZeniMax for $7.5 billion. They announced it was happening at the beginning of March, and finalized nearly 7 months later. Chances are they were working on it prior to the announcement, and that didn't include multiple bidders.
I can't wait for this all to be done, but checking for updates every 5 minutes is just a path to despair.
 
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The market doesn’t mean anything guys. It’s gone up and down, around and back again since we heard they’re selling what feels like years ago now.

Don’t read too much into it.
 
Woziak said:
Shares now just under $24 at $23.89 let’s see if this goes to $25 we should maybe get excited again maybe but then again maybe not?
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It needs to break approx 30 for it to actually signal a major development.
 
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