Club Sale | It’s done!

Status
Not open for further replies.
Raine executives in New York - all standing around a computer screen, drinking champagne, giggling, and watching this thread - waiting for page 2023 to be reached before they announce the winners of the bid! Phone in the background has been ringing constantly for weeks with the Glazers chasing an update!
 
1972 and the Doc arrives. A new era begins for United but the club will have to suffer relegation before things get better.

A dark chapter in British history is written as British paratroopers kill 14 when they opened fire on demonstrators in Derry. In Dublin, the British Embassy is burned. The PIRA bomb Aldershot Barracks, killing six. At the Munich Olympics, Israeli athletes are murdered by a hitherto unknown group called Black September.

The NUM strike and the prime minister, Edward Heath, declares a state of emergency. In August, Ugandan strongman, Idi Ami, begins expelling Asians from the country. As winter sets in, the Royal Navy is sent to protect British trawlers in the 'cod war' with Iceland.
 
If its true (big if) that there has been no communication between sellers and buyers since SJs bid in June then its looking a bit dead.

Are they just hoping if they hold out long enough one of them will offer more money?
 
I've come to peace with the fact that the rats will never leave. The sad thing is they gave us hope that's what kills you.
 
Rhyme Animal said:
They’ve also dramatically increased pressure on themselves now.

And they’ve done so on the global stage.
Click to expand...
Them evaluating strategic alternatives was not something that required mandatory disclosure to the public. While one could argue some advantages of the public disclosure, it has definitely come with increased pressure on the Glazers as a consequence.

They must have been hoping the public announcement would bring more bidders to the table, but it seems to me that either the asking price or the involvement of the Qatari group has been a deterrent.
 
Cantona in disguise said:
If its true (big if) that there has been no communication between sellers and buyers since SJs bid in June then its looking a bit dead.

Are they just hoping if they hold out long enough one of them will offer more money?
Click to expand...

This was always an exercise to obtain as strong a valuation as possible with the aim of saddling the club with more debt.

Even in these poor years uniteds value is still going up and they are still claiming dividends. Where else would the glazers put their money in the current climate that would yield similar returns?

Chances of deal going through is probably in single digits percentages now.

Much as i would join the party if they left they have actually spent a feck ton of money whilst at the club, as Arnold said at the pub to the fans last year. Paraphrasing him, we've spent over a billion on players in the last 10 years but he cannot go to Carrington and see this value. That is on the club - buying the wrong players, keeping some way too long and putting most on crazy contracts so we can never sell them.

In fact does anyone trust our club to spend 300m well? We should fix our player scouting/buying/selling/contract negotiation before we get a massive lump sum.
 
Paul778 said:
This was always an exercise to obtain as strong a valuation as possible with the aim of saddling the club with more debt.

Even in these poor years uniteds value is still going up and they are still claiming dividends. Where else would the glazers put their money in the current climate that would yield similar returns?

Chances of deal going through is probably in single digits percentages now.

Much as i would join the party if they left they have actually spent a feck ton of money whilst at the club, as Arnold said at the pub to the fans last year. Paraphrasing him, we've spent over a billion on players in the last 10 years but he cannot go to Carrington and see this value. That is on the club - buying the wrong players, keeping some way too long and putting most on crazy contracts so we can never sell them.

In fact does anyone trust our club to spend 300m well? We should fix our player scouting/buying/selling/contract negotiation before we get a massive lump sum.
Click to expand...

100% agree. There are so many issues that need sorting within the structure of the club.

However They are terrible owners that allowed the wrong people to waste the clubs money (not their own).
 
Paul778 said:
This was always an exercise to obtain as strong a valuation as possible with the aim of saddling the club with more debt.

Even in these poor years uniteds value is still going up and they are still claiming dividends. Where else would the glazers put their money in the current climate that would yield similar returns?

Chances of deal going through is probably in single digits percentages now.

Much as i would join the party if they left they have actually spent a feck ton of money whilst at the club, as Arnold said at the pub to the fans last year. Paraphrasing him, we've spent over a billion on players in the last 10 years but he cannot go to Carrington and see this value. That is on the club - buying the wrong players, keeping some way too long and putting most on crazy contracts so we can never sell them.

In fact does anyone trust our club to spend 300m well? We should fix our player scouting/buying/selling/contract negotiation before we get a massive lump sum.
Click to expand...

No one is going to lend them money based on an inflated valuation, if they decide not to sell the share price will instantly nosedive and everyone knows that.

There’s no hidden motive here, they want to sell but no one is willing to pay what they want and the market for the club is nothing like they anticipated. What they will eventually do is up is up in the air but you can’t expect the same idiots who have caused, benefitted and continue to benefit from this mess to suddenly fix it.

If the Glazers stay it’s painful decline and neglect, with more money pissed away on debt and stupidity.
 
Tarrou said:
Nah

a lot of the people saying it won't happen are trolling though

as for the rest, it's probably a coping mechanism to soften the blow in case things do go belly up

I'm standing firm!
Click to expand...
What’s the terms. 10-1 and still in charge of the club by what date?
 
Excruciatingly painful having to wait for these b'stards to line their undeserving pockets and move on. I wound never advocate violence but starting to think that getting games cancelled may be the last stand fans can take to get them out.
 
Paul778 said:
Much as i would join the party if they left they have actually spent a feck ton of money whilst at the club, as Arnold said at the pub to the fans last year. Paraphrasing him, we've spent over a billion on players in the last 10 years but he cannot go to Carrington and see this value. That is on the club - buying the wrong players, keeping some way too long and putting most on crazy contracts so we can never sell them.
Click to expand...

No. They have not spent a single penny, they have taken out hundreds of millions in dividends over the years, left the club saddled with debt for 18 years and counting and cost the club over 1 billion in interest servicing the debt that they placed on us. The money spent was the clubs own revenue. The Glazers are vampiric parasites and to quote my dad "I wouldn't piss on them if they were on fire".
 
Irishman said:
Excruciatingly painful having to wait for these b'stards to line their undeserving pockets and move on. I wound never advocate violence but starting to think that getting games cancelled may be the last stand fans can take to get them out.
Click to expand...

Yeah it looks the only answer
 
I think the first we will hear is from government lobby journos.

We all know that the government won't have a problem with whoever wins but they are notoriously leaky and at the first whiff of a compliance process starting...eg them emailing the FA that they have no objections...then it will be leaked to the public.
 
The fecking brass neck on this lot is unbelievable. To acquire the club by putting next to feck all of their own money in and then proceed to not spend a single penny of their own money during their 18 year stint as owners, now they’re getting offered over £5B just to piss off and they’re still umming and ahhing over what to do. It beggars belief!
 
Paul778 said:
Much as i would join the party if they left they have actually spent a feck ton of money whilst at the club, as Arnold said at the pub to the fans last year. Paraphrasing him, we've spent over a billion on players in the last 10 years but he cannot go to Carrington and see this value. That is on the club - buying the wrong players, keeping some way too long and putting most on crazy contracts so we can never sell them.
Click to expand...

The Glazers haven't put so much as the dirt from under their fingernails into the club. The club has purchased players, serviced their debt, and paid them dividends. There is a feck ton of money still to be paid to clubs for transfer fees, not to mention the other debt that hangs around our neck. That's the club's to pay, not the Glazers. They have sanctioned the club spending its own money, nothing else. They are the epitome of incompetence, allowing a banker to run the club and allowing commercial interests to take precedence over football. They have taken down the most storied club in England and have turned it into a byword for avarice. I echo the sentiments of @Gandalf . I too wouldn't piss on them if they were on fire.
 
People on here have the patience of a gnat...

Once again...for the millionth time...if you actually look at the financial position the Glazers are in, it is impossible (almost literally) for them to continue owning and operating the club. Period.

Wants, hopes, dreams, media speculation, fears, feelings, etc...do not mean a g'damn thing here. It's cold numbers. They have to sell. I've, and others, laid out the reasons in past posts.

Get all weird about how long it takes, and be certain "it's taking too long" (whatever the hell that means...as if a transaction "is supposed to take a certain amount of time or else its invalid"), and freak out about the Glazers staying on all you like...but you are just creating needless drama in your life.

Two things can be true at the same time...this can be taking a very long time...AND the Glazers 100% NEED to sell. In fact, I would actually imagine this "taking a long time" only shows how much they need to sell; as in they only get one shot at this at this point so they are milking it for everything they can right down tot he last detail.

But they have to sell. Stop freaking out. Its annoying.
 
pogbasformerbarber said:
People on here have the patience of a gnat...

Once again...for the millionth time...if you actually look at the financial position the Glazers are in, it is impossible (almost literally) for them to continue owning and operating the club. Period.

Wants, hopes, dreams, media speculation, fears, feelings, etc...do not mean a g'damn thing here. It's cold numbers. They have to sell. I've, and others, laid out the reasons in past posts.

Get all weird about how long it takes, and be certain "it's taking too long" (whatever the hell that means), and freak out about the Glazers staying on all you like...but you are just creating needless drama in your life.

Two things can be true at the same time...this can be taking a very long time...AND the Glazers 100% NEED to sell. In fact, I would actually imagine this "taking a long time" only shows how much they need to sell; as in they only get one shot at this at this point so they are milking it for everything they can right down tot he last detail.

But they have to sell. Stop freaking out. Its annoying.
Click to expand...

Why exactly? They have made tons of money on the initial investment. If they had to sell the club would already be sold.
 
Eugenius said:
Why exactly? They have made tons of money on the initial investment. If they had to sell the club would already be sold.
Click to expand...

Not sure I agree. They are known for micro-managing and they will go over every possible permutation - aided and abetted by their team of advisers - to make sure that not a penny is missed.
 
Eugenius said:
Why exactly? They have made tons of money on the initial investment. If they had to sell the club would already be sold.
Click to expand...
Seeing as they were sneaking around for investment on the quiet, (way before announcing a sale) you would think they cant keep it themselves
 
Eugenius said:
Why exactly? They have made tons of money on the initial investment. If they had to sell the club would already be sold.
Click to expand...

Your statement makes no sense...but I'll answer it anyway:

Simply put, their debt service is too high to be sustainable (i.e. they can't afford to pay it. Yes thats a hard CAN'T). Therefore they either need fresh investment to service it (i.e. stay current)...or sell the entire club to retire it. No one with half a brain would invest to simply take out debt service without a hefty chunk of equity; And the Glazers would be stupid/crazy to give up equity to simply take out debt and thus give up very valuable equity for a future sale down the road...

Thus...the only option is to sell now...which retires the debt and gives them a healthy payout for their years of ownership. Nothing else makes any financial sense. I, and many others, have shown more detailed breakdowns of this, but your "if they had to sell they would already be sold" comment shows such a lack of financial understanding that I'll just leave it there...
 
Eugenius said:
Why exactly? They have made tons of money on the initial investment. If they had to sell the club would already be sold.
Click to expand...
Because the club needs at least 1.5 Bn in investment - stadium, Carrington, women’s team etc. Given the siblings have not put a penny of their own money in, ever, they are very unlikely to fork that out themselves and they can’t load the club with that much debt on top of what already exists. That’s why they need ‘help’, either in terms of a minority investment (which is difficult to see how that could work) or a full sale to get rid of that responsibility. I am convinced they will sell, eventually, but will milk it for absolutely as much as they can get.
 
pogbasformerbarber said:
People on here have the patience of a gnat...

Once again...for the millionth time...if you actually look at the financial position the Glazers are in, it is impossible (almost literally) for them to continue owning and operating the club. Period.

Wants, hopes, dreams, media speculation, fears, feelings, etc...do not mean a g'damn thing here. It's cold numbers. They have to sell. I've, and others, laid out the reasons in past posts.

Get all weird about how long it takes, and be certain "it's taking too long" (whatever the hell that means...as if a transaction "is supposed to take a certain amount of time or else its invalid"), and freak out about the Glazers staying on all you like...but you are just creating needless drama in your life.

Two things can be true at the same time...this can be taking a very long time...AND the Glazers 100% NEED to sell. In fact, I would actually imagine this "taking a long time" only shows how much they need to sell; as in they only get one shot at this at this point so they are milking it for everything they can right down tot he last detail.

But they have to sell. Stop freaking out. Its annoying.
Click to expand...
I think you underestimate how much business sense goes out the window with the Glazers

Their dad was a savvy businessman. They are not. If they were, they’d have made an absolute killing on United. And they never had the common sense to realise how important capital investment was to their long term earnings. They have absolutely zero business vision

Yes, it’s obvious they can’t keep the club going with this structure and it’s obvious the club will only decrease in value with them there. But I genuinely think they’re stupid, cocky and greedy enough to believe that they can sell it for more in the future. The line in that piece about not speaking to the buyers for 6 weeks is worrying but typical of them
 
EdWeatherall said:
What’s the terms. 10-1 and still in charge of the club by what date?
Click to expand...

just that they'll sell during this period of negotiations with Qatar/Sir Jim..

I'm not that keen on giving odds on a timeframe though, things always get held up with these cnuts
 
Status
Not open for further replies.