Are we seriously bringing up the "Ratcliffe will frack Old Trafford" theory again?
Club Sale | It’s done!
- Thread starter JB08
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Carrington is 8 miles away from Old Trafford
Oops, didn't click on the link - only saw the thumbnail which showed OT. Regardless, I think it's a pretty outlandish theory.
Maybe I'm wrong, but I just don't think the Glazers would need to wait at all if they opt for such a solution. (Yes they might be legally challenged, and thus that might slow them down.)
I very much doubt they signed away their options to decide what is the best solution for themselves even if the club hired Raine Group to explore the best options for the club, where the scope was also other options than just a straight sale.
Since it seems like two of the Glazers want to stay on in some capacity I'm guessing it was likely a compromise among the siblings to engage Raine Group's services.
Each side in the Glazers hoping to convince the other side what the best solution is when they have all the options ahead of them provided by Raine Group.
And what is the thing you think the Glazers should have recused themselves from? The selling process? How could they? Ultimately selling or not is a judgement call by them, not an objective decision. The shareholders are the bosses of the board, so they can't let the board dictate what they do with their own shares.
The only reason Jim wants the club is so he can get his metal detector on the pitch to dig up all the pieces of jewellery Ronaldo and Beckham lost over the years. That's how broke he is.
Bad news for him: Avram's already done that
Sir Jim just wants the club so he can sign himself and play for United.
We'd all do it if we had a few billion behind the sofa
We'd all do it if we had a few billion behind the sofa
Agreed. It's why the deal for Kane was called off - big Jimmy plans to play himself at centre-forward.
Still more mobile than Martial
Well yeah, I'd want the manager to start Heung Min Son if I bought him!
If they really intend to not sell at all anymore: do they really think buying the likes of Mount, Onana and the Danish kid would calm the fans?
Yes, they do.
And it will work.
As long as we buy players, hang on to deadwood and get a top 4 finish, fans are quite happy with this.
We are fracked if the club is no longer for shale.
Deathly silence follows
Deathly silence follows
It wasn't strictly a public bidding process for a full sale though. They sought bids from hedge funds for investment. The shareholders knew there was a chance they don't sell in full, just like you and I did.
Glazer tactics 101. At least they can't promise us a Director of Football to try to calm the supporters like they used to after every failed window.
Yes, but then came along Jassim with a lucrative offer for all shareholders. Before that, the other shareholders didn't have much of case to fight. Hedge fund minority investment would only dilute glazer holdings (somewhat similar to what Jim is planning).
There’s a duty to the shareholders though. It’s all well and good saying it might not be sold because that can be taken on the basis of “don’t get your hopes up because they might not receive an offer that is in the interest of the club, shareholders and stakeholders”.
They have an offer on the table that very much satisfies all those criteria so to turn it down needs some serious explaining.
Exactly this. Jassim played it smart by giving something to everyone - glazers, class A shareholders and us fans as well (the $1bn investment promise).
It’s control of the company. That’s why lesser shareholders etc get this level of protection.
Pocco has been told this about 78 times by now
1952:
- Sir James Arthur Ratcliffe FIChemE was born
Nobody including myself picked up on that at the time, they were mocked for it. My assumption was that it was a nudge and wink to enter exclusive negotiations because they had an additional billion to play with. But they very much took the Glazers “strategic opportunities” press release as their mandate and were right to do so tactically imo.
hahahaha
The announcement of the ‘strategic process’ specifically said “initiatives to strengthen the club, including stadium and infrastructure redevelopment”.
Also: “throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders”
Ineos, as far as we are aware, have made no promises to invest in the stadium, and their offer as understood is not in the best interests of shareholders (except the Glazer’s)
First two paragraphs are just PR, so they're ultimately irrelevant (unfortunately).
Your point about the shareholders is correct though - I don't see how the club can go with INEOS without facing a legal battle from the minority shareholders.
But if two Glazers didn't want to sell, then technically that bid is pointless no? Genuine question because if there's a way that a majority shareholder can be forced to sell so that minority shareholders can cash in, then I am completely wrong and would be surprised Jassim isn't our owner already.
I don’t know where to start with this post but I will try.
Also, I get that a lot of us are pessimistic but you only need to listen to any financial expert talking about this takeover to realise that there are many moving parts and it’s not as simple as getting a player transfer over the line.
Signing Mason Mount and him getting the #7 shirt doesn’t mean the Glazers are staying
They probably don’t even know we’ve bought him. Murtough and the other suits will be given a budget to work with and be left to it. If anything, the Glazers would probably prefer a world class player who’s known all over the world to market the 7 shirt, not Mason fecking Mount!
I think we’re all so damaged by the Glazers now that we let our anxious minds take over and produce nonsense like the post I’ve quoted. And I mean no disrespect with saying that as I do exactly the same thing myself!
The takeover will happen but will probably take another few weeks or months until we hear some concrete news. It’s the Glazers, remember; they drag everything out and they want as much cash as they can possibly get.
Deciding to not sell just isn’t going to be feasible now. They’re too far down the road and the fans will go absolutely ballistic. They will get every game called off, they are already approaching sponsors. The Glazers might be cnuts but they’re not stupid. And they don’t love Man Utd, they love money. So why would they stay? They can’t take dividends any longer.
If what you are saying is correct then those Class A shares hold more power than I thought. If they can force the Glazers to sell up, even if they're not happy with the price or if only half of them want to sell, then that's pretty significant and, like I just said in my previous post, I can't believe they've not told the Glazers to sell immediately so they can make their money.
1952- Queen ERII’s coronation.
- Sir Edmund Hillary conquers Mt Everest.
- Sir Edmund Hillary conquers Mt Everest.
I'm not sure it's particularly valid. The Glazer's can put the sale to a shareholder vote where their class B shares carry the day.
They cannot force to sell. But:
1) This sale is being done by the board, not Glazers. While they are the same (half of the board are Glazers themselves, 3 are picked by them and 3 are independent), legally, the board is doing this process. The board cannot justify accepting JR offer which fecks 31% of the shareholders. Expect massive legal battles.
2) The board said that they will look at the best interest of all shareholders. That doubled the stock value overnight. If they reneg on that a) they will get sued by minority shareholders, b) they can get sued from the state for market manipulation.
3) There are rules in place to protect minority shareholders exactly for these reasons.
So if they accept JR’s offer instead of Qatar, except this to get dragged a lot and see many legal battles.
I disagree about your first point. They made it clear that investment in the infrastructure is a consideration.
Indeed. All that was much derided on here, ignoring Jassim had got himself some big hitters to handle his bid. A lot of homework was done, clearly.
And there were in the same country shepherds abiding in the field, keeping watch over their flock by night.
Green and Black till Sir Jim can frack (Old Trafford)?
No, they have to treat the other shareholders equally. Because SJ wants to buy all the shares, that brings them into the equation, meaningthe Glazers cannott just sell their shares to the detriment of the other shareholders.
Why would that be the case? The Glazers have likely never heard of Mason Mount. There is no reason why there shouldn't be some continuity during a sale process, given that a transaction worth billions and a somewhat compex equity/debt structure means that any sale could take months - there would need to be some continuity with club operations as the sale process goes through.
I don't see how Mount signals anything with respect to the Glazer sale plans.
They may plan to stay, but i don't think Mount's transfer is an indication one way or another.
Ohh…what’s going on now. Is Sir Brexit now in lead! I can’t keep up with it all.
I said something about this and got ridiculed so I’m staying quiet on the all subject but it’s there for future references
I first heard about the is about 6 months ago and then I saw Webby and O’Neil two legends of the fan base made a you tube video about it too, so nothing from me for now.
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