Club Sale | It’s done!

Status
Not open for further replies.
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.

Ratcliffe wouldn't purchase the club himself, he would do it through INEOS. And no they don't need to pay it upfront.
 
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.
Where is he magically going to come up with another 2 bil?
 
Are US Investors all bad or are we just shaken by the Glazers?
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.

But I think it will be oil money. This is a premium franchise it's not gonna be a Chelsea sale. I'll bet they get close to 6 billion.
 
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.
 
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.
This is brand new information
 
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.
Nothing on TeleText
 
Imagine the Dallas Cowboys being up for sale in the NFL...Manchester United has similar brand appeal. We'll get sold. I'm now confident.
 
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.

Thanks Trigger.
 
Glazers have been in conversations with American investment firms for months and months to get investment.

The fact that they are now making it public in a statement suggests that a full sale rather than a partial share sale is more likely.

Although the statement doesn't really allude too much to this.
 

The club costs billions. Neville has net worth of a few millions.
Ronaldo is the only ex-United player who maybe has half a billion. Rooney may have 150M at most. Probably Ferdinand has a few million as well.

Edit: Totally skipped Becks. He has almost Ronaldo like money I believe.
 
Imagine the Dallas Cowboys being up for sale in the NFL...Manchester United has similar brand appeal. We'll get sold. I'm now confident.
Nobody cares about the cowboys outside of the US though, and are they still relevant
 
Are US Investors all bad or are we just shaken by the Glazers?

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 way to success or at least respectable mediocrity.
 
As discussed in the summer, still think that strategic co-investor is the most likely route forward, with the Glazers selling a chunk of the club, maybe with a few of the siblings cashing out entirely (see City and the Silver Lake partnership). No other way for them to fund the necessary stadium/infrastructure developments.
 
Elated the leeches might leave, still a bit shocked and not fully believing it, slightly dreading who could be new owner and if I end up being a lifelong fan of a club serving as a toy for an autocrat/billionaire with inferiority complex
 
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.
Or be the New York Jets
 
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.
What would he have to spend on the club after the £6billion?
 
Chances any new owners will be better or worse than the Glazer era? What do we reckon? 60/40?
 
4) Conglomerates from Japan, South Korea or India. They are a whole different kind of filthy rich.
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?
 
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.
Well shit. Ok then.

I don't particularly want Dubai either so all aboard the Jim Ratcliffe train!
 
Status
Not open for further replies.