The Exorcist was the most popular movie in 1973, the plot is quite similar to this sale.
Begone glazers. The power of Qatar compels you!
Begone glazers. The power of Qatar compels you!
Club Sale | It’s done!
- Thread starter JB08
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So why aren’t they listening (specifically Joel), to the professional advice from the finance experts?
£5.5b is the best offer they’ll get for a club in managed decline and will likely be on life support if they stay and continue to play cat & mouse. They obviously don’t fully understand how this situation will eventually play out?
feck knows how many more times this is going to be explained.
Sounds like the Raine group aren’t doing their job properly? If they were then they’d be screaming instructions by now of what the Glazer mob need to do and the consequences if they continue hurtling towards a brick wall. They’re obviously all so fecking stupid?
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Repeat- The body of Christ compels the Glazers to leave this club!
Don’t think that’s naive necessarily, no one has a clue, but the lack of activity is certainly worrying.
Btw, important to consider that whilst the glazers are penny pinching in the transfer window, we’ve had:
Ronaldo: 500k a week
Cavani: 200k a week
Pogba: 290k a week
De Gea: 325k a week
All leave the club. Coming the other way we have had Mason Mount ~220k a week.
Not saying the above were worth those wages but shows that they are playing the margins yet again.
They are actively managing the profit margins of this club. They’ve done an incredible job of reducing the wage bill whilst the fanbase have barely noticed.
Have you ever had difficult clients who just won't listen? And have you screamed at the clients?
It’s got to the stage now where even the papers have lost interest in the takeover and aren’t bothering to print articles on it.
Is this ridiculous situation going to adversely affect the coming season on the pitch? The uncertainty will definitely affect the beginning and that may set the tone for the whole season. Another season in limbo? Will we be making desperation signings on the last day of the window? Is Fellaini still available?
Is this ridiculous situation going to adversely affect the coming season on the pitch? The uncertainty will definitely affect the beginning and that may set the tone for the whole season. Another season in limbo? Will we be making desperation signings on the last day of the window? Is Fellaini still available?
Still 27 pages to go...
I think you’ll find the Glazers are tucking into the body of Christ as we speak. They’re that voracious.
If they were savvy businessmen, then they would have spent the last decade investing in infrastructure (stadium, training ground etc) by taking on additional investors and borrowing in a period where interest rates were rock bottom. They could be sitting pretty on top of a club that requires no infrastructure investment and is generating unprecedented amounts of revenue that few in the world can compete with.
They are not even trying to be savvy businessmen. It was never their intention to be either. Malcom bought the club as an appreciating asset and nothing more. He knew the value would go up and that his kids could sell it off and get a nice tax free inheritance whenever they were ready to cash in.
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We will party like it's 1999!!
Really? They have a bidder who is willing to invest a billion when they didn't the past decade! They are dumb?
Who is willing to invest a billion with them remaining in situ?
1973; around the time she dried up. edward glazer was about to be conceived, the last of the glazer children. malcolm came home from a long day of subjugating the poor at one of his trailer parks.
“put the rent up another 2 dollars, half of them think they’ll have to move out. but i saw them buying branded baby formula. they’ve got places to cut back.”
“oh yeah? that’s fecking hot.” linda whispered, her gills twitching seductively. “anything else ‘going up’?” she winked with a horizontal move of her inner eyelid.
“let me get my pills and poke some of the animals in cages to get me in the mood.” slimed malcolm, as he reverted to his lizard form. he was back ten minutes later, looking absolutely ridiculous after forgetting to take off his balding toupee. “i’m not having godzilla, cosplaying as bobby charlton, inside of me.” snapped linda.
“who?” said malcolm, as he eased his first penis outside a flap of skin. “hurry up, the pills can only do so much.” they copulated there and then. 1973, edward glazer was conceived.
“put the rent up another 2 dollars, half of them think they’ll have to move out. but i saw them buying branded baby formula. they’ve got places to cut back.”
“oh yeah? that’s fecking hot.” linda whispered, her gills twitching seductively. “anything else ‘going up’?” she winked with a horizontal move of her inner eyelid.
“let me get my pills and poke some of the animals in cages to get me in the mood.” slimed malcolm, as he reverted to his lizard form. he was back ten minutes later, looking absolutely ridiculous after forgetting to take off his balding toupee. “i’m not having godzilla, cosplaying as bobby charlton, inside of me.” snapped linda.
“who?” said malcolm, as he eased his first penis outside a flap of skin. “hurry up, the pills can only do so much.” they copulated there and then. 1973, edward glazer was conceived.
Perish the thought!
All as we need is the accompanying illustration from Steve Bell. Brilliant!
Bloody rimaldo. Always worth a good laugh or 5!All as we need is the accompanying illustration from Steve Bell. Brilliant!
Post of the week for me that!
There's no excuse to be this misinformed if you care for the club and spend 15 minutes educating yourself.
I'm asking you to explain because I don't think you actually understand what you're saying. And I'm someone who actually does this sort of thing professionally in the real world and understands finance.
The Glazers don't pay the debt, the club does. And the club generates cash and EBITDA to pay off the interest and also invest in the squad etc. The club is forecast to generate £140m of EBITDA this year and the interest bill is about £30m run rate this year. The rest basically goes on transfers in general.
If the club was actually insolvent with unaffordable debt... you realise it's a listed company on NYSE. Even before the takeout it had 2bn of equity value. The net debt is 1bn in including owed transfers. That's not the capital structure of a distressed company. The minority shareholders are a lot of smart professional investors like Lindsell Train.
Even at the prior market value of the club on the stock market they are quids in. They are purely deciding how money they want to make.
Fair point but they can raise external investment. They've had offers. They get diluted in theory, but the whole point is to add value to the club. Especially the stadium, more seats, more commercial opportunities, and it's still an actual real estate asset.
To those saying they need to sell and basing their hopes on that, why do you believe they need to sell?
In my opinion, if they don't sell then they'll be taking investment from one of the hedgefunds.
In my opinion, if they don't sell then they'll be taking investment from one of the hedgefunds.
I think they can scrape by without selling
but I think it's highly unlikely they will stay for a number of reasons
- the super league in the capacity they wanted looks a long way off after the blow-back from fans
- interest rates are very high and can very conceivably go higher
- there are more oil states enterring the market, pushing prices/wages and competition up, and also reducing the potential buyers list
- there's always the possibility of a further clamp-down on the type of owners allowed in the league, ruling out some potential buyers
- Qatar would likely go and buy another PL club like Spurs or Liverpool, ruling them out indefinitely
- If they spent a year negotiating and back-out, it's going to piss a lot of people off, and give investors pause on joining the race the next time they decide to sell
- they are already getting a good premium on the share price at the last bidding round
- some of them are getting on in life and waiting another 10 years for this huge pay-out won't seem appealing
Anything can happen in business, but I don't think they'll walk away from this opportunity
Semantics. They have spent a lot of the clubs money, budget has been there. Unfortunately it’s mostly all been mismanaged
but yes, the cnuts have not spent a single dollar of their own money and taken loads out for themselves.
Great summary and my logic exactly
I agree with you fully. I just can't stand to read those lines even if the poster didn't mean how it read.
Nothing to do with being late to the party. You wait to see if the technology works and then use it. No one was trying to keep pace with the USA in the end, not even the Soviets.
If they aren't going to sell they'd really want to announce it before the season starts
I would think the best thing to provoke a fan revolt would be to announce something like that just before the season starts. Even we United fans might take a little offence to that.
Haha…brilliant. More of the same stuff please.
That's my point. If they aren't selling it's in their best interest to get the major backlash out of the way while there is no games on.
If they don't sell. the major backlash might last all season.
Argh yuck. Very good!
I said from day one it sounded too good to be true.
I also said that the Glazers don’t need to sell, and I stick by that, if they really needed to sell which a hell of a lot of posters on here and elsewhere have said then I’m pretty sure they would have sold up by now.
I sincerely hope I’m wrong and the leaching yank bastards do feck off and sooner rather than later but honestly it’s best to stop hoping and wishing and just try and ignore it until we hear one way or the other exactly wtf the cnuts are going to do.
I also said that the Glazers don’t need to sell, and I stick by that, if they really needed to sell which a hell of a lot of posters on here and elsewhere have said then I’m pretty sure they would have sold up by now.
I sincerely hope I’m wrong and the leaching yank bastards do feck off and sooner rather than later but honestly it’s best to stop hoping and wishing and just try and ignore it until we hear one way or the other exactly wtf the cnuts are going to do.
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