Club Sale | It’s done!

Status
Not open for further replies.
1964. The Gulf of Tonkin incident (whatever you believe happened, or didn't) dragged the United States deeper into the escalating conflict in Vietnam. JFK's ambition of withdrawing US forces from region was shelved by President Johnson. On the US domestic front, the Civil Rights Act became law. In the UK, the first ever Top of the Pops was broadcast and the trial of the men accused of the Great Train Robbery begins.

Gwynne Evans and Peter Allen were hanged at Strangeways and Walton in August. They were the last men executed in Britain before the abolition of capital punishment.
 
Last edited:
The Suadis are really expanding, and fast.. Everyday a new player that is rumoured to go there. If Qatar pulls out or looses it would be even more embarrassing for them. Therefore I really hope they stick to end and do what is needed to seal the deal.
 
Rambo :lol:

Agree completely with your points too.

Howson also thinks he’s prime Pep Guardiola these days too. Really cringy stuff at times.

They’re all good lads though and I wish them well. I just can’t take them seriously but I guess we’re not supposed to?

They’ve been ok on the takeover stuff by getting the likes of Stone on there but even then, they go with the headline “Qatar will go for Spurs!” when all Stone said was “Qatar could go for anyone if they don’t get Utd, Spurs - anyone!”

They’re just another AFTV/Utd Stand/etc now.

Yeah I will admit that thumbnail was very misleading on Monday and fecked me off
 
Rambo :lol:

Agree completely with your points too.

Howson also thinks he’s prime Pep Guardiola these days too. Really cringy stuff at times.

They’re all good lads though and I wish them well. I just can’t take them seriously but I guess we’re not supposed to?

They’ve been ok on the takeover stuff by getting the likes of Stone on there but even then, they go with the headline “Qatar will go for Spurs!” when all Stone said was “Qatar could go for anyone if they don’t get Utd, Spurs - anyone!”

They’re just another AFTV/Utd Stand/etc now.

Haha yeah this is basically my thoughts. I do like them but I also recognise them for what they really are and see it as nonsense entertainment rather than informative.

Problem is people think they are the mutts nuts, hang on to everything they say and treat them like celebrities.
 
There’s no noise that either SJ or Sir James Arthur Ratcliffe FIChemE are wining or losing, the reality is we are at a delicate position in the process;

1. All Parties have signed strict NDA’s
2. The minority share holders have made it clear which bid they prefer.
3. No one will pull out as a decision has to be be made in next 4 weeks one way or another
4. Share price has fallen a dollar recently due to the delay in decision but still over $22
5. Financial results for last year are better than expected


Summary - It looks like two to three weeks ago some form of communication between the Glazers, Raine Group and 92 Foundation occurred, SJ possible even was told verbally that his bid would win.

His group leaked this information out to local news outlet, Reuters, Bloomberg etc or maybe The Raine Group did simply because they want the highest commission. The rumour of that 5th bid was nearer to £5.4/5.5bn and more importantly would be made in one single payment, their previous bid was rumoured to be a two payment structure, similar to the INEOS bid. The conveniently leaked story that the minority share holders would take the Glazers and Sir James Arthur Ratcliffe FIChemE to court was possibly to make the public feel like INEOS bid was dead on arrival.

It’s clear that both Joel and Avram prefer the INEOS bid and they’ve asked Sir James Arthur Ratcliffe FIChemE to go away and find the additional money to bid for now 80% of the club while they stall the other 4 siblings. This was a theory running through my head, then I listened to a great podcast including ‘Tom the Journalist’ yesterday who said exactly the same thing.

Two Glazers stalling to allow Sir James Arthur Ratcliffe FIChemE to find additional funds to appease the minority, of course all the time hoping that maybe SJ and 92 Foundation either pull out which means the minority are much easier to subdue or heavens forbid actually increase their bid to the £6bn, the Glazers have always wanted?

Either way Joel and Avram win, as much as I love my club, there’s a small part of me that wants both bidders to just pull out and call the Glazers Bluff, hopefully sending us spiralling downwards.

As a united fan I was once asked would you take being relegated to get rid of the Glazers and the answer for me has always and will always be a resounding yes

Great insight Woz.

Just wondering where you've heard they have to make a decision within 4 weeks?

As far as I'm concerned, this lot seem to be content on playing "chicken" and waiting for the next bid to be raised.
 
There’s no noise that either SJ or Sir James Arthur Ratcliffe FIChemE are wining or losing, the reality is we are at a delicate position in the process;

1. All Parties have signed strict NDA’s
2. The minority share holders have made it clear which bid they prefer.
3. No one will pull out as a decision has to be be made in next 4 weeks one way or another
4. Share price has fallen a dollar recently due to the delay in decision but still over $22
5. Financial results for last year are better than expected


Summary - It looks like two to three weeks ago some form of communication between the Glazers, Raine Group and 92 Foundation occurred, SJ possible even was told verbally that his bid would win.

His group leaked this information out to local news outlet, Reuters, Bloomberg etc or maybe The Raine Group did simply because they want the highest commission. The rumour of that 5th bid was nearer to £5.4/5.5bn and more importantly would be made in one single payment, their previous bid was rumoured to be a two payment structure, similar to the INEOS bid. The conveniently leaked story that the minority share holders would take the Glazers and Sir James Arthur Ratcliffe FIChemE to court was possibly to make the public feel like INEOS bid was dead on arrival.

It’s clear that both Joel and Avram prefer the INEOS bid and they’ve asked Sir James Arthur Ratcliffe FIChemE to go away and find the additional money to bid for now 80% of the club while they stall the other 4 siblings. This was a theory running through my head, then I listened to a great podcast including ‘Tom the Journalist’ yesterday who said exactly the same thing.

Two Glazers stalling to allow Sir James Arthur Ratcliffe FIChemE to find additional funds to appease the minority, of course all the time hoping that maybe SJ and 92 Foundation either pull out which means the minority are much easier to subdue or heavens forbid actually increase their bid to the £6bn, the Glazers have always wanted?

Either way Joel and Avram win, as much as I love my club, there’s a small part of me that wants both bidders to just pull out and call the Glazers Bluff, hopefully sending us spiralling downwards.

As a united fan I was once asked would you take being relegated to get rid of the Glazers and the answer for me has always and will always be a resounding yes

Good and insightful post.
 
My guess is, the delay is likely down to the Glazers themselves. It could be civil war for all we know between those wanting to seel and those wanting to keep.

The fact that there is utter silence could mean that the Glazers are fighting it out between themselves, or that details are being worked on and there truly is absolutely no leaks at all. I'm more of the opionion that the Glazers are in civil war mode, but i could be, and most likely am, wrong. With the reports a while ago of INEOS being less confident in their bid, i'd say they're just keeping their bid on the table just in case.

The minority investment option i'd have said would be ruled out now. The Glazers would have had a long long time to go over the options, and if they truly wanted minority investment, they'd have taken it by now, theres absolutely no advantage in keeping the bidders around for no reason

Yeah I am convinced there is a Glazer family civil war and unfortunately we are stuck right in the middle. Clearly the leeches want Ratcliffe as he is letting them stay whereas others are probably happy to sell up to Jassim
 
Thinking about it now, it all points to Qatar. If they were talking through the A class shares problems then that would 100 percent leak since so many people are involved and they wouldn’t have signed NDAs.
To be fair I’ve changed my stance on this about 3 times now

Maybe so but hard not to lose heart of any sale happening when we are now at radio silence
 
Yeah I am convinced there is a Glazer family civil war and unfortunately we are stuck right in the middle. Clearly the leeches want Ratcliffe as he is letting them stay whereas others are probably happy to sell up to Jassim

I think the Glazers might have made the assessment that Utd are in a better position under Ten Hag, and expect further improvements. This, coupled with extra income from the increased CL format from 2024, might make them think that if they sell next summer not this summer, there will be more profit to be made.
 
I think the Glazers might have made the assessment that Utd are in a better position under Ten Hag, and expect further improvements. This, coupled with extra income from the increased CL format from 2024, might make them think that if they sell next summer not this summer, there will be more profit to be made.
United are already being sold for a premium way above the enterprise value. At this point revenue is all but irrelevant.
 
I remember Howsen saying he could own a wrestler called Triple H in a fight one time because wrestling is fake.

I’ve literally seen Triple H tear his quad in a match and finish it somehow. I doubt any physical athlete would be scared of Howsen. :wenger::lol:

Oh yeah he really buys his own hype hahahaha. I feel a bit tight knocking him because he obviously puts in a lot of work etc but there's just basically no humility in the guy and it's a bit grating.

I've seem the HHH thing haha. He was also saying that he was the reason United were linked with Kim Min Jae and that was really cringe to watch.

Find it a bit difficult to watch when they treat him like a celebrity as well. Was listening while driving yesterday and turned it off because Jay can get very fan girly with him.

As I've said before I think Joe pretty much carries the channel. Jay is OK and Mckola just really, really grates on me. I think he's such a whiny little shit, just really annoying to watch so I generally sack the video off if I put it on and he's on it haha.
 
United are already being sold for a premium way above the enterprise value. At this point revenue is all but irrelevant.

So what do you think it is then? I get that it’s not always just about money. Maybe one of the Glazers is unwilling to give up the power/prestige.
 
This is such a shit show of a sale.

News...then absolutely nothing for ages.. news... Nothing for ages again. Rinse and repeat.
 
So what do you think it is then? I get that it’s not always just about money. Maybe one of the Glazers is unwilling to give up the power/prestige.
Considering they’re basically invisible and have been for 18 years I doubt it is that.
 
Maybe one of the Glazers is unwilling to give up the power/prestige.

Maybe.

Seems more likely to me that Joel and/or Avram (who have been more involved from the beginning) think it's worth taking a punt on the value of the asset increasing under new ownership. Whereas the others don't really care and just want to cash in their chips at what looks like an opportune moment.
 
Oh yeah he really buys his own hype hahahaha. I feel a bit tight knocking him because he obviously puts in a lot of work etc but there's just basically no humility in the guy and it's a bit grating.

I've seem the HHH thing haha. He was also saying that he was the reason United were linked with Kim Min Jae and that was really cringe to watch.

Find it a bit difficult to watch when they treat him like a celebrity as well. Was listening while driving yesterday and turned it off because Jay can get very fan girly with him.

As I've said before I think Joe pretty much carries the channel. Jay is OK and Mckola just really, really grates on me. I think he's such a whiny little shit, just really annoying to watch so I generally sack the video off if I put it on and he's on it haha.
Adam McKola is the absolute worst. Like you say, just sits there sulking. He dresses like a 14 year old, too.
 
Great insight Woz.

Just wondering where you've heard they have to make a decision within 4 weeks?

As far as I'm concerned, this lot seem to be content on playing "chicken" and waiting for the next bid to be raised.

The 4 weeks is just a hunch on how most Merger and Acquisition deals happen when they reach what’s called a stalemate. Someone has to blink and someone’s will has to break plus I think by then, either Ratcliffe sources the additional money to make 80% which I mentioned about 400 pages ago on the thread and got laughed at just like I said the minority share holders would object and got laughed at.

The one very concerning issue is if you are SJ/Qatar supporter having dealt with many Arabic men in business, they tend to be patient to a point, but extremely well informed and do not suffer fools gladly. If SJ gets bored then he will pursue another club with spitefulness, the hope and I’ve been told by a few friends that I have in UAE, Qatar and Dubai that Sheikh Jasim really is known as a Manchester United Nut, a massive fan who never ever misses a game on TV, someone who knows the history of the club so there is that to be optimistic, ironically if they gave him the sole bidder status that he required, he may have already bid the £6bn that the Glazers wanted?
 
how do you figure that?

they've spent ~a billion quid to perform quite shit

we surely could've spent say, 500 million to perform quite shit

or 500 million to perform okay, or really well like say Liverpool did

then you could invest that money in the infrastructure, or repaying the debt, or a number of things that could add value to their asset

if our net debt was half of what it is now, they'd definitely be getting more for the club

but they fecked everything up and here we are

They have an asset they've not spent any of their own money to acquire, and will soon ship it for 6billion. A price way more than it should be going for.
 
They have an asset they've not spent any of their own money to acquire, and will soon ship it for 6billion. A price way more than it should be going for.

that statement, whilst being untrue to begin with as they did spend their own money on it, doesn’t contradict anything I’ve said nor support your original statement

maximising is different to doing well
 
Yeah I am convinced there is a Glazer family civil war and unfortunately we are stuck right in the middle. Clearly the leeches want Ratcliffe as he is letting them stay whereas others are probably happy to sell up to Jassim

Maybe Thanos will come in and blow them all away? Or something...
 
The 4 weeks is just a hunch on how most Merger and Acquisition deals happen when they reach what’s called a stalemate. Someone has to blink and someone’s will has to break plus I think by then, either Ratcliffe sources the additional money to make 80% which I mentioned about 400 pages ago on the thread and got laughed at just like I said the minority share holders would object and got laughed at.

The one very concerning issue is if you are SJ/Qatar supporter having dealt with many Arabic men in business, they tend to be patient to a point, but extremely well informed and do not suffer fools gladly. If SJ gets bored then he will pursue another club with spitefulness, the hope and I’ve been told by a few friends that I have in UAE, Qatar and Dubai that Sheikh Jasim really is known as a Manchester United Nut, a massive fan who never ever misses a game on TV, someone who knows the history of the club so there is that to be optimistic, ironically if they gave him the sole bidder status that he required, he may have already bid the £6bn that the Glazers wanted?

I have a hunch that the glazers are going to continue to hold out for more money. As was briefed by the press right from the start, they would only relinquish the club at a massive premium (£6bn). This message has been consistent throughout the whole bidding process.

The glazers (siblings) are not serious people. I wouldn't be surprised if they pissed off their bidders, but I suppose the chance to buy a brand that is truly global like Manchester United only comes around once in a lifetime. That might be the one thing keeping them in this drawn out process.
 
I have come to the conclusion that we were never up for sale, it was just all a show.
Convince me otherwise !
If they have not been acting in good faith during this process despite publicly announcing they are exploring strategic alternatives, that would be securities fraud. I highly doubt Joel and Avram would do something that potentially puts them in prison. They are not cut out for that. :lol:

Believe me, I understand the frustration. Nonetheless, all we can do is wait. I still have faith. I suspect if there was truly nothing being communicated between parties during this public "quiet," we'd be seeing articles spoonfed by the bidders to football journalists to turn up the heat on the sellers.
 
This sale thing has now entered my dreams. I was convinced I'd come here today and read more about how the sale was completed. Apparently I literally had a hyper realistic dream about clicking through articles etc., posting in response it it etc. Wtf. Maybe I was drunk.
 
This sale thing has now entered my dreams. I was convinced I'd come here today and read more about how the sale was completed. Apparently I literally had a hyper realistic dream about clicking through articles etc., posting in response it it etc. Wtf. Maybe I was drunk.
It happens to the best of us. :wenger:

I had a dream last night where the Qataris won with a bid of $6.6B (£5.3B). That's probably the best news we're going to get for today.
 
The 4 weeks is just a hunch on how most Merger and Acquisition deals happen when they reach what’s called a stalemate. Someone has to blink and someone’s will has to break plus I think by then, either Ratcliffe sources the additional money to make 80% which I mentioned about 400 pages ago on the thread and got laughed at just like I said the minority share holders would object and got laughed at.

The one very concerning issue is if you are SJ/Qatar supporter having dealt with many Arabic men in business, they tend to be patient to a point, but extremely well informed and do not suffer fools gladly. If SJ gets bored then he will pursue another club with spitefulness, the hope and I’ve been told by a few friends that I have in UAE, Qatar and Dubai that Sheikh Jasim really is known as a Manchester United Nut, a massive fan who never ever misses a game on TV, someone who knows the history of the club so there is that to be optimistic, ironically if they gave him the sole bidder status that he required, he may have already bid the £6bn that the Glazers wanted?

If Jassim has been this patient for so many months I cannot see he´s walking away easily. Not all Arabic men are the same. And as you are saying, he´s a die hard Man United fan. He has pride. He won´t buy another club until this opportunity has collapsed completely. If the Glazers decide to stay for a while he will chill and come back later.
 
There’s no noise that either SJ or Sir James Arthur Ratcliffe FIChemE are wining or losing, the reality is we are at a delicate position in the process;

1. All Parties have signed strict NDA’s
2. The minority share holders have made it clear which bid they prefer.
3. No one will pull out as a decision has to be be made in next 4 weeks one way or another
4. Share price has fallen a dollar recently due to the delay in decision but still over $22
5. Financial results for last year are better than expected


Summary - It looks like two to three weeks ago some form of communication between the Glazers, Raine Group and 92 Foundation occurred, SJ possible even was told verbally that his bid would win.

His group leaked this information out to local news outlet, Reuters, Bloomberg etc or maybe The Raine Group did simply because they want the highest commission. The rumour of that 5th bid was nearer to £5.4/5.5bn and more importantly would be made in one single payment, their previous bid was rumoured to be a two payment structure, similar to the INEOS bid. The conveniently leaked story that the minority share holders would take the Glazers and Sir James Arthur Ratcliffe FIChemE to court was possibly to make the public feel like INEOS bid was dead on arrival.

It’s clear that both Joel and Avram prefer the INEOS bid and they’ve asked Sir James Arthur Ratcliffe FIChemE to go away and find the additional money to bid for now 80% of the club while they stall the other 4 siblings. This was a theory running through my head, then I listened to a great podcast including ‘Tom the Journalist’ yesterday who said exactly the same thing.

Two Glazers stalling to allow Sir James Arthur Ratcliffe FIChemE to find additional funds to appease the minority, of course all the time hoping that maybe SJ and 92 Foundation either pull out which means the minority are much easier to subdue or heavens forbid actually increase their bid to the £6bn, the Glazers have always wanted?

Either way Joel and Avram win, as much as I love my club, there’s a small part of me that wants both bidders to just pull out and call the Glazers Bluff, hopefully sending us spiralling downwards.

As a united fan I was once asked would you take being relegated to get rid of the Glazers and the answer for me has always and will always be a resounding yes

Interesting comments but i disagree with your last sentence.
 
I know sod all about business, but this has to be one of the most farcical "sales" ever, right? I mean, is it the norm to conduct business this way?
 
I know sod all about business, but this has to be one of the most farcical "sales" ever, right? I mean, is it the norm to conduct business this way?
If you stop viewing it through the prism of a Man United supporter it’s probably magnitudes less farcical. You’re think of the transfer window, pre-season and impending pre-season.

The parties involved in the sale won’t be giving much thought to that other than it being business as usual while they conduct an auction.
 
If you stop viewing it through the prism of a Man United supporter it’s probably magnitudes less farcical. You’re think of the transfer window, pre-season and impending pre-season.

The parties involved in the sale won’t be giving much thought to that other than it being business as usual while they conduct an auction.

Do you think the auction is still ongoing? That bids might increase?
 
Do you think the auction is still ongoing? That bids might increase?
There is two active buyers so technically yes. Maybe the final offers are on the table and they’re just deciding. Maybe they want to find a good minority offer and use it to leverage a new offer from the majority buyers. What’s clear is that we know feck all at this point.
 
If you stop viewing it through the prism of a Man United supporter it’s probably magnitudes less farcical. You’re think of the transfer window, pre-season and impending pre-season.

The parties involved in the sale won’t be giving much thought to that other than it being business as usual while they conduct an auction.

Many oppo fans think it’s farcical.

There are Chelsea fans on here who’ve said they think it’s unacceptable to leave the fanbase in the dark over the owner’s intentions for this long.

I think if the Glazers came out and stated what their desire is it’d be a lot less farcical - ‘we are looking for a full sale but we haven’t yet received the bid we want’, ‘we are not looking to sell and are looking for investment’.

The two things are so wildly different that it’s this fact that is making them look comical in the business and is hurting the fanbase so much.

Which one are you doing? You’ve had years to decide this. You‘ve announced in fecking November that essentially a change is coming.

Show the fans and the people looking to do business with you some fecking respect and simply state WHAT YOU WANT TO DO.

Again, this doesn’t need to equal accepting an offer, just stop being so fecking laughably weird and say what you’re after.
 
Many oppo fans think it’s farcical.

There are Chelsea fans on here who’ve said they think it’s unacceptable to leave the fanbase in the dark over the owner’s intentions for this long.

I think if the Glazers came out and stated what their desire is it’d be a lot less farcical - ‘we are looking for a full sale but we haven’t yet received the bid we want’, ‘we are not looking to sell and are looking for investment’.

The two things are so wildly different that it’s this fact that is making them look comical in the business and is hurting the fanbase so much.

Which one are you doing? You’ve had years to decide this. You‘ve announced in fecking November that essentially a change is coming.

Show the fans and the people looking to do business with you some fecking respect and simply state WHAT YOU WANT TO DO.

Again, this doesn’t need to equal accepting an offer, just stop being so fecking laughably weird and say what you’re after.

You’re not stepping outside the prism of a football fan though which is my point. The Glazers aren’t selling a football club as far as they are concerned. They’re selling a coveted multi-billion pound global institution. What football fans think of it is pretty irrelevant really. As far as M&A goes we don’t seem to be in unfamiliar territory, these things just take time.
 
Status
Not open for further replies.