This guy gets it. I gave up hope a month ago but il still be refreshing the thread 30 times before lunch
Club Sale | It’s done!
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This guy gets it. I gave up hope a month ago but il still be refreshing the thread 30 times before lunch
Convinced that this sale won't go through until Christmas.
It's always in landscape but it's an ipad, still can't see shit!
My bold, you appear to have left a zero out.
Jolly good, perhaps someone in Florida could kindly stick a rocket up one or two arses
Ah I have no idea about iPad, must be locked to the more basic Mobile version of the site or something - need the full version
Very interesting and confusing.
Everything is based on guesswork we have so little information even if we knew what we were talking about it is difficult to piece it all together.
I am sure that there must be some kind of agreement between the Glazer clan. Given the amount of money involved and the number of companies involved plus the fact that they already have trusts in their various names which hold shares it would be inconceivable that they didn’t have some sort of agreement between them that regulates their dealings. If the agreement is based on a simple majority that’s fine unless one of them decides they’re not happy and wants clarification through the courts and although they may lose this just adds to the time wasting.
Also, we know that they were trying to obtain some sort of external finance to enable four of the Glazers to sell their stakes, this also suggests that there is some difference of opinion on the way forward.
That said they probably want to retain some sort of family harmony and will give each other the chance to try and sort things out, but since this process started early last year, with the failed third-party investment search, it’s probably coming to a point where patience is now threadbare.
If there is an agreement then hopefully that will solve things and we may get an answer.
The problem with trying to resolve it through the company mechanism is that you need two thirds of the votes to get anything meaningful through. Here they have already decided to look at the options through their strategic plan. You would assume that the board would be the final arbitrator and decide the way forward.
Then the board’s decision will probably go to a vote of the shareholders and you would need two thirds, no doubt, to get this through due to the massive change it will make to the company.
Unbelievably even if you added all the Class A shareholders and the four fractionally better Glazers your still shy of the two thirds requirement by a small fraction of less than one, no doubt this has been deliberately maintained by Joel and Av to frustrate anything they do not like.
The only real solution, hopefully, appears through the potential Glazer's own agreement that operates to decides matters between them.
Who is this? Sir Jimmy Fallon?
The price of the share won't rocket if they don't pay any dividends. It will in fact be worthless. J&A would be sitting there with a $38 sale option to Qatar (if they're lucky) or nothing.
The sound of a Mexican stand-off is deafening my ears.
Yes 2025.
The bill for all these lawyers and accountants must be getting quite large by now. Who is paying the bill United or the parasites?
Sir Jim Fracliffe
Why ask silly questions
If I know the Glazers, they’ll have said at the outset that they don’t want a penny of the club’s money to go to lawyers or third parties. They pay their way. Always have, always will.
Raine are acting on behalf of United. Rothschild on behalf of Glazers so it should be safe to assume that is who will be picking up the tabs.
It’s also why I think Qatar offer will be accepted. Raine are acting on behalf of shareholders which includes A shares which represent 31% of the club, regardless of voting rights.
The Qatar bid is 100% reliant on J&A agreeing. What Raine thinks does not matter.
It’s going to be subject to a legal challenge as has already been discussed at length:
Well it might be subject to a legal challenge if they sell to SJR when the Qatar offer is still on the table. It might then be tested in court whether the Glazers can sell their shares to whoever they like in whatever manner they like. It may very well be that they can. It's all very well to say the SJR sale plan is deeply unethical, but then so was the purchase of the club and nobody stopped that. It's quite clear the shares structure allows the Class B shareholders huge discretion to run the club as they please and the Class A's knew that when they bought in. However huge discretion is not the same as do wtf you like. The hypothetical case could be won or lost - we do not know.
It's more about the risk of losing and why should the other four siblings take that risk just to make J&A richer in the future? J&A can force the issue by refusing to sell to Qatar but can the siblings force the issue too because they have a majority of shares? Maybe, but without a 2/3 majority under the Class B share rules set out below, which is apparently required for important rule changes, their options are more limited than they would like. What you might get is stalemate and a game of chicken between the Glazers. Which is where I think we are.
I dug this SEC document up from 2012. Maybe people already know this...
https://www.sec.gov/Archives/edgar/data/1549107/000104746912008161/a2210672z424b4.htm
"For special resolutions (which are required for certain important matters including mergers and changes to our governing documents), which require the vote of two-thirds of the votes cast, at any time that Class B ordinary shares remain outstanding, the voting power permitted to be exercised by the holders of the Class B ordinary shares will be weighted such that the Class B ordinary shares shall represent, in the aggregate, 67% of the voting power of all shareholders. "
Sir Jim Fatcliffe
Yes. And on the other hand that goes with SJR's bid and minority investment as well? Then the four other siblings have to agree with J&A if that is the path them two want to go? Can´t see an option with all four seems to think one of those two options is the best way to go.
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It's was announced in an uncharacteristic move the Glazers decided they would personally foot the bill for this entire process...
...oh wait no they didn't because the tight cnuts haven't put their hands in their pockets for 18 years.
What if they don't sell, guys!?
Each sibling must have, what, 3-5 children? In 20 years we'd be owned by 30 Glazers! They'll each want 1 billion to sell.
Game over man.
Each sibling must have, what, 3-5 children? In 20 years we'd be owned by 30 Glazers! They'll each want 1 billion to sell.
Game over man.
Can anybody sum up the last twenty or so pages?
The club could easily be worth 30 billion in twenty years time though. especially when you consider how much money we'll be generating from playing Al Nassr on the moon in the Inter galactic universe super cup.
Just people making really cringe jokes really
Not much has changed but we live underwater
We haven't been sold yet
Same Shit! Different Day!
Someone just mentioned to me something about an announcement tomorrow between 2pm-6pm?
Mason Mount
I feel that we’re all in “From” trying to figure a way out and the monsters are the Glazers
You’d expect so
Almost certainly will be that
typical united overpaying wages. he’ll have only been here a day but that’ll be enough for him to buy the whole club. we’re a joke.
Spot on.
Although the real comedy gold of the whole saga is that these Glazer geniuses placed the club up for sale (having seen the Chelsea parade of the rich and famous) and only have three seriousish groups come forward, one of whom was the Finnish guy who is clearly a bit of a maverick.
The British billionaire, with limited funds and a Qatari who seems to be expert in upping his bid by pennies.
So instead of a feeding frenzy they had to send Av to London to look really interested in the club, to a backdrop of hate and anger.
You can imagine how impressed the family members were when Joel was explaining the master strategy!
Weird just how quiet this has gone
Que sera, sera...
Nothing of note in 2 weeks beside a general vibe Qatar is ahead
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