hellhunter
Eurofighter
The headline is fairly misleading, thoughThe Glazer family confirms Manchester United is up for sale
https://www.manchestereveningnews.c...er-united-the-glazers-25582444?utm_source=app
The headline is fairly misleading, thoughThe Glazer family confirms Manchester United is up for sale
https://www.manchestereveningnews.c...er-united-the-glazers-25582444?utm_source=app
Do new owners need to pay the money upfront? So if they want 6bn, Ratcliffe would have to pay out effectively half of his net worth of 13bn? Not sure how it works with takeovers of clubs.
It’s nearly Wednesday mate!Guys, let's just wait for Tuesday.
Where is he magically going to come up with another 2 bil?Jim ratcliffe bid more than 4billion for fecking Chelsea at the last minute but lost. Now his boyhood club is up for sale for 5-6billion, let’s see the dream of the childhood fan owning the club makes him put his money where his mouth is.
Right now, I’ll take a headline that’s pure lies!The headline is fairly misleading, though
Cash only, small and unnumbered billsRatcliffe wouldn't purchase the club himself, he would do it through INEOS. And no they don't need to pay it upfront.
So fellas, who would you prefer out of the three?
1)New American owners
2)Oil rich states
3)Elon Musk
There's some real bad NFL owners who are potential bidders. Woody Johnson for example. He's run the NY Jets like shite for a long time and was linked with interest in MUFC prior.Are US Investors all bad or are we just shaken by the Glazers?
He's worth about 18bn if I remember correctly. Nevermind Ineos, who are about 60bn heavyWhere is he magically going to come up with another 2 bil?
So lads, who’s gonna slap him for being late?Glazers have confirmed it’s for sale.
Ah, cheers! Is it through loans and the like? Extremely fecking giddy right now.Ratcliffe wouldn't purchase the club himself, he would do it through INEOS. And no they don't need to pay it upfront.
No they don’t have that obligationHe's the owner I'm praying for. But, since UTD is publicly traded they have an obligation to go to the highest possible bidder. So, this could get interesting.
This is brand new informationClub statement:
Manchester United plc (NYSE:Man Utd), one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.
The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
The Raine Group is acting as the Company’s exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company.
Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.
There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.
So lads, who’s gonna slap him for being late?
Nothing on TeleTextClub statement:
Manchester United plc (NYSE:Man Utd), one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.
The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
The Raine Group is acting as the Company’s exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company.
Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.
There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.
Just when I thought this night couldn’t get any betterSo lads, who’s gonna slap him for being late?
Club statement:
Manchester United plc (NYSE:Man Utd), one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.
The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
The Raine Group is acting as the Company’s exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company.
Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.
There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.
Nobody cares about the cowboys outside of the US though, and are they still relevantImagine the Dallas Cowboys being up for sale in the NFL...Manchester United has similar brand appeal. We'll get sold. I'm now confident.
Are US Investors all bad or are we just shaken by the Glazers?
No probs DaveThanks Trigger.
Or be the New York JetsFor a large part they are awful. The only thing that save them is that major leagues have a strong say on how franchises are run and the system is based on creating an even playing field, so even if you are utterly incompetent you can still luck your to success or at least respectable mediocrity.
What would he have to spend on the club after the £6billion?Jim ratcliffe bid more than 4billion for fecking Chelsea at the last minute but lost. Now his boyhood club is up for sale for 5-6billion, let’s see the dream of the childhood fan owning the club makes him put his money where his mouth is.
He won't, I don't think it happened overnight.I hate that Ronaldo is somehow going to take credit for initiating this.
We could be sold by the weekend!
You can count out the Indian billionaires first and foremost. Football is not where they gonna dump their money. Regarding Japan and South Korea, Never heard a billionaire from those countries with any interest in owning a football club? Do they own any club in any of the big leagues?4) Conglomerates from Japan, South Korea or India. They are a whole different kind of filthy rich.
Well shit. Ok then.For a large part they are awful. The only thing that save them is that major leagues have a strong say on how franchises are run and the system is based on creating an even playing field, so even if you are utterly incompetent you can still luck your to success or at least respectable mediocrity.
You can bet on Piers Morgan trying to take credit, thoughHe won't, I don't think it happened overnight.