Club Sale | It’s done!

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What we need is a huge greedy glazers muriel or flag. Perhaps a pig like feature gourging at the bones of the fans with blood soaked dollars splaying all over!
 
As far as I am concerned the takeover has no bearing on our FFP restrictions this season anyhow,

So whether it's done now or after the window makes no difference and isn't going to affect anything regards who we can sign.

And as for new owners wanting their own signings, that's complete hogwash and would be the worst thing for an owner to do, try and force a signing upon a manager.
 
Probably the most uneventuful week since the whole thing began. Not even Ben Jacobs repeating the same things he's been saying every week anymore.
 
Brownie85 said:
I wonder if this could actually be a stipulation of the buyers? Could they stipulate that the transfer window is done, or all signings made before the deal is made official? Not sure if that would go against anything though?
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Would be the opposite I would think?

New owners would want to lay down a marker to show they're serious about investing so they would want to be seen going for transfers by the fans?
 
We do this every few pages until someone comes along and informs us that it's the kinda shit people go to prison for.
 
I've given up hopes that they will sell this summer. I've come to terms that they gonna screw our season once again. The sooner we accept this the better for our collective mental health.
 
RC89 said:
What's this? Apologies, been abroad for a couple weeks so may have missed this.
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Threats from the A class shareholders that they will take legal action if they take the Ineos offer. They want the Qatar bid as they will get a premium on their shares too, as it’s a 100% bid.
 
They have taken the car off the market. It looks like it will stay in the shed for years to come.
 
Tincanalley said:
Haha. Haha. Haha. A few friends you have in UAE? Ah, yes. Sounds legit.
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Yep having business associates/ Friends in the Middle East is somewhat unheard of right or more interestingly maybe their ex Pats who live in Dubai creek, Dohar or ABu Dhabi city working over there tax free to give their family a better chance in life, which is totally unrealistic for them to have heard of a a sheikh that’s trying to buy man united, right ?

Heavens forbid some of them might actually be Muslim friends
who are Arabic and introduced a non smoker all his life to hookah smoking, or met in an unusually establishment called the Cyclone club for non Muslims.

Some people are so narrow minded because the world stops at Trafford Park or Finchley right?

I’ve worked in the Middle East and travelled throughout region. Like I said some of these friends are also united fans, that’s how I met some in Dubai creek watching games or in Dohar/Qatar, locals are incredibly passionate for football and many are United, Arsenal, Chelsea or Liverpool fans when I worked there, 9 years ago, there really wasn’t that many City fans, I’m sure that’s changed now.
 
mufc_sd said:
A very reliable cricket finance writer talking about the Glazers’ attempt to purchase one of the two new franchises in the Indian Premier League (IPL).

Tweet link.
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Yep they bought the Desert Vipers for $70m instead and that team
Is part of a UAE league which plays mostly in Abu Dhabi and Dubai, for reference Qatar are also cricket mad and have the 20’s Legends League, there could be sone potential synergy in a combined Middle East league if the 20 20 crickets takes off but I doubt it will ever rival the IPL plus I doubt Joel and Avram wanted to dump united to buy cricket franchises.

Stan Kronke owns multiple sports franchises in the US, has anyone ever wondered why the Glazers didn’t just get rid of united and buy an NBA, NHL, Baseball franchises in the US?
 
It's gone so quiet, the fans need a sign that the Glazers are actually selling the club.

Wouldn't be surprised if there's some sort of protest at the game in Edinburgh.
 
Woziak said:
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
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Good post
George The Best said:
There has been no hint they are trying to squeeze more money from the buyers. But, there would have been leaks if they were trying to run another round of bidding. So, they have still got 2 bids on the table, one of which doesn’t look viable as we understand it. Therefore they’ve got an easy decision if they want to sell. Only Qatar gives them an easy exit route, but they are not taking that fairly obvious agreement for reasons unknown to us. My guess, and that’s all it is, is they are giving Ineos more time to see if they can raise the funds to appease the A class shareholders so that Jassim comes back in and trumps whatever Ineos comes up with. It’s a minefield
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Exactly.


Interesting article here regarding Real Madrid.

https://www.telegraph.co.uk/footbal...-face-questions-over-unexplained-122-million/

"Real Madrid have declined to explain why 20 per cent of its costs are unaccounted for in the club’s most recent financial results, posing questions about compliance with financial control regulations.

A Telegraph Sport investigation into the most successful club in European football has revealed that around €135 million in payments was directed into a sub-category of “other operating expenses” in the latest results, published in October, of which €122 million (£103 million) is unexplained.

The club has refused to respond to questions on the issue – including the specific allegation that the expenses are indeed, in whole or in part, repayments on a deal with a US financier for the sale of future marketing income. The first of these deals, signed with the private equity group Providence in the 2017-2018 financial year, gave the club cash in return for the sale of future income streams and since then the deal has been extended in terms of length and value.

The sums earned from the sale of an unspecified percentage of future sponsorship revenue, which the club said was renewed in 2019-2020, were booked in Real’s accounts as revenue rather than debt. The club has never explained in detail how that commitment is paid back to Providence or how much is paid every year.

There is no suggestion that the deal with Providence is illegal, although there are questions over whether it is compliant with Uefa financial controls.

There are major advantages in such a deal structure, even if money simply comes in from up-front cash payments to cover budget shortfalls and then goes out of the club in repayments to the same third party. It means that the up-front cash is not regarded as a loan under financial fair play considerations and contributes to establishing a higher headline revenue figure – critical in the calculation of salary caps.

However, there are serious questions as to whether clubs should be permitted to book the sale of future revenues as marketing income rather than debt. Especially in an era when others, such as nation-state owned clubs such as Manchester City, are coming under intense scrutiny as to the validity or otherwise of their commercial income.

The Spanish tax authorities regard this kind of payment to any entity for a share of future income as a financing deal which means it is treated, for tax purposes, as debt. The deal with Providence was originally described by Real as a “participation account” and then in its most recent results as an “unincorporated joint venture agreement......"

I'm sure the Glazers would have considered this type of option and equally the investors would have been knocking on their door offering their wares.

The fact that they haven't opted for this suggests either the terms were poor, they weren't offering enough to get rid of the non-fab four.

That other clubs, of a similar financial make up, can take this type of finance, again, suggests that the Glazers are looking for something more substantial, a sale, full or partial.

I don't assume that the investment funds currently showing an interest would offer something substantially different to the terms taken by Madrid.
 
1966. Ian Brady and Myra Hindley go on trial for the murders of Lesley Ann Downey, John Kilbride, and Edwards Evans. Both were sentenced to life imprisonment. One of their victims - and there may have been many - Keith Bennett, still lies somewhere on Saddleworth Moor.
 
I'm looking forward to the release of RETURN OF THE JEDI. Want to see how they end it.
 
massey said:
1966 England win the world cup, Pickles, a mongrel dog, finds the FIFA World Cup Trophy wrapped in newspaper in a garden in South London.
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And for those of you who are bored of all the takeover talk, you can watch the official film of that tournament for free. You won't see all of the games but the selected highlights are good and there's some excellent footage of London and how the country looked in those days.

https://www.plus.fifa.com/en/player...54c7-40e8-985c-89505cf6f164&entryPoint=Slider
 
There are rumours that Microsoft will close the Activision Blizzard deal next week, which is 18 months after they announced their intention to buy. A deal that is many, many orders of magnitude bigger and far more complex than the sale of the club. In fact, they would have managed to get the CMA to do a complete turnaround, which to my knowledge is unprecedented. It's been 8 months since the club was put up for sale with absolutely no indication of it concluding any time soon. So, I don't want to hear even for a second how "It's A 5 BilLiOn DeAl, WhAt dO yOu ExPeCt :wenger:". This is completely down to the Glazers and their indecisiveness. I'm at the point now where I don't think they are selling anymore. An utter farce.
 
Telsim said:
There are rumours that Microsoft will close the Activision Blizzard deal next week, which is 18 months after they announced their intention to buy. A deal that is many, many orders of magnitude bigger and far more complex than the sale of the club. In fact, they would have managed to get the CMA to do a complete turnaround, which to my knowledge is unprecedented. It's been 8 months since the club was put up for sale with absolutely no indication of it concluding any time soon. So, I don't want to hear even for a second how "It's A 5 BilLiOn DeAl, WhAt dO yOu ExPeCt :wenger:". This is completely down to the Glazers and their indecisiveness. I'm at the point now where I don't think they are selling anymore. An utter farce.
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So the Microsoft/Activition deal which still hasn’t closed has so far taken 2.25x the length of time this has? You’re not making the point you think you are.
 
Pexbo said:
So the Microsoft/Activition deal which still hasn’t closed has so far taken 2.25x the length of time this has? You’re not making the point you think you are.
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I absolutely am making the point I think I am. A deal like this could have been done a while ago if there was willingness from both sides to see it through, and the supposed "near insolvency of the club", which to the best of my knowledge no one serious has commented on. The fact that this is still in complete limbo puts serious doubt about the actual intent or need of the Glazers to sell the club.
 
Telsim said:
I absolutely am making the point I think I am. A deal like this could have been done a while ago if there was willingness from both sides to see it through, and the supposed "near insolvency of the club", which to the best of my knowledge no one serious has commented on. The fact that this is still in complete limbo puts serious doubt about the actual intent or need of the Glazers to sell the club.
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But you’re using an example of an acquisition which has so far taken over twice as long to prove your point?
 
Pexbo said:
But you’re using an example of an acquisition which has so far taken over twice as long to prove your point?
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What exactly is it that you don't understand? Only twice as long for an infinitely bigger and more complex acquisition that had to drag through multiple courts. And by the looks of it, this one might take just as long, if it happens at all.
 
Telsim said:
The fact that this is still in complete limbo puts serious doubt about the actual intent or need of the Glazers to sell the club.
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'On the button' there my friend, but they now have an idea what they could get if they do sell.

Don't recall an exact statement from the Glazers saying they would definitely sell, only that they were considering opportunities to attract investment, which might involve selling some shares.

Have we all been had?
 
Telsim said:
What exactly is it that you don't understand? Only twice as long for an infinitely bigger and more complex acquisition that had to drag through multiple courts. And by the looks of it, this one might take just as long, if it happens at all.
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You’re only counting the time that deal has taken since Microsoft actually agreed a deal to buy Activition, not the time it took to agree a deal.

Also there was no majority shareholder of Activision, the biggest shareholder owned 7% so it is a totally different scenario.
 
Maticmaker said:
'On the button' there my friend, but they now have an idea what they could get if they do sell.

Don't recall an exact statement from the Glazers saying they would definitely sell, only that they were considering opportunities to attract investment, which might involve selling some shares.

Have we all been had?
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Have they ever used the word 'sale'? It was always looking for strategic investment opportunities.
 
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