They're going to make the same mistake as Malcolm Glazer.
Club Sale | It’s done!
- Thread starter JB08
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They're going to make the same mistake as Malcolm Glazer.
So that’s it then. Looks like this is going nowhere
Could the other shareholders sue the Glazers if they don't sell?
1990
First Gulf War
East and West Germany United
Nelson Mandela freed
North and South Yemen Unify
Namibia becomes independent from South Africa
Boris Yeltsin was elected President of the Russian Federation
Lithuania Independence from Soviet Union
The first World Wide Web page is created
West Germany wins World Cup
First Gulf War
East and West Germany United
Nelson Mandela freed
North and South Yemen Unify
Namibia becomes independent from South Africa
Boris Yeltsin was elected President of the Russian Federation
Lithuania Independence from Soviet Union
The first World Wide Web page is created
West Germany wins World Cup
Not an expert, but followed a little, and basically baseball franchises (and major sport franchises) in the USA seems to constantly appreciate in value even when the owners do the bare minimum in keeping the team competitive sport-wise. Closed leagues and the draft system to maintain relative parity probably help but I'm sure it's a general trend that holds some truth for top football clubs (or at the very least, one the Glazers believe in).
But United is on the knife's edge of possibly becoming a declining, failed old glory club if things keep up. And even if that's too pessimistic, the value will be stunted if debt keeps being saddled on and the infrastructure (stadium and training grounds) is left decaying away and not brought up to date. United needs to spend smarter & sell better to stay competitive as more and more teams get in contention.
I don't have any illusion that hypothetical new owners will be philanthropists but I hope they understand that their greed will be better served by making the club sustainable in the mid to long term.
Music hitting your heart, I know you got soul, brothers and sisters!
What we all need to do is write to the sponsors stating we are boycotting them whilst the Glazers are I charge, and stick to it, starve them financially , 100% negative publicity everywhere and drive the share price down. This is the only thing these parasites understand, and just like parasites we starve them, but this needs to be in an unprecedented scale with all fans groups aligned.
Looks like they will be with us at the start of the season. Do you think the Qatar's would have sanctioned the signing of Evans if they were taking over.
No, they can't force them to sell and it was never promised in the first place.
Why not? Do you think they'd think it a positive move to refuse to sign someone the manager requests because they're not glamorous enough?
Really don't see whether or not we sign someone on a trial basis is subject to ownership intervention or interest at any club anywhere in the world.
They probably can.
The club put out the statement about looking for strategic investment and the club hired Raine Group to oversee the process looking for the best deal for “the club, shareholders, fans and stakeholders”.
They now have two offers on the table which are without doubt better strategic opportunities for the club, shareholders, fans and stakeholders than the Glazers staying.
They wouldn’t be suing the Glazers as shareholders forcing them to sell. They would be suing the Glazers as directors of the company for either A. Putting out a misleading statement which manipulated the stock price or B. not acting in their best interests as per the statement.
If correct we wont ever qualify for top 4 again as they wont put the spending in that other clubs do. TH will probably leave for pastures new at the end of his contract and then the reality will set in that they will never get offered £6 bill or more. Something has to give.
Top 5 now mate so we have a better chance even without spending in the short-term. In the long-term though, we are heading for permanent mediocrity if they stay.
Doesn’t really matter if it takes longer now since it didn’t happen early enough for it to impact the window. Something a little more drastic has to be done to force their hand.
The upward curve under Ten Hag hasn't actually helped if you look at the bigger picture, arguably, if we finished 6th last season it would probably have been in the long term best interests of the club, but the Glazers are classic opportunists.
What a horrible nasty shit fecking statement.
Actually you might turn out to be right if they stay, just fingers crossed til they bleed that they don't.
The thing is they want to have their cake and eat it. Nobody will pay exorbitant amounts for a club doing badly but that don't want to sell a club that might do well.
People argued against this logic when it was brought up at the start of the process.
But the Glazers are so clueless about football, deluded and greedy, they genuinely think EtH can do a Fergie lite and they can keep running the club or at least they think this is a reasonable bluff to play against the bidders.
We had a one-off season last year with revenue from cup games that is unlikely to be repeated, so unless we get deep into the CL, well probably make less money next year.
I've not looked at our debt maturity but at some point, them refinancing the acquisition debt is going to get crazy expensive with the base rates being at elevated levels for the last 20 years, especially for a junk-rated company as United.
So as much as they're pissing us off with the delay, I really believe they'll sell and hopefully it'll be completed before January, so we can genuinely get Erik what he wants.
Personally, I would not be surprised at all to see this if they announced an end to the process without allowing Class A holders to cash in. Whether it ends up holding any water or not is a different subject.
The directors of the company have a responsibility to all shareholders. Rejecting a takeover offer at a massive premium (potentially worth around $32-35/share) is going to be hard to justify. Unless they get in bed with private equity, I am not sure where the required investment would come from to increase the value of the company to what Joel and Avram are allegedly asking for.
Separately, if it were true that the Glazers (or at least two of them) had no true intention of considering a sale and did not act in good faith during this process, I think that constitutes securities fraud.
Well played
They do, but I'm not sure how that actually plays out, on the details plane, in this particular scenario.
If it were as simple as some - seemingly - suggest, we wouldn't be having these discussions.
Yeah I still doubt that is possible. The Glazers could just give some bullshit reason why it wasn't feasible ie below the value of the shares or whatever. There's no way they'll get sued over this, in my opinion. It would just open up a dangerous precedence for businesses.
The offers are at over 3x the value of the shares when they announced they would be looking for investment.
I gave friebd
I’m really not any more ITK than anyone else, I have friends who work in the city and friends in the Middle East, Dubai, Qatar etc. The information from the city is that The Glazers want to sell, they are determined sellers but they want £6 billion to leave and relinquish control. They want to be compensated for potential loss of earning in the future, merchandising, broadcasting and the land they own through the club to develop in the future.
All this recent World Club Cup nonsense and expanded CL is there way of saying, even with the increasing financial difficulties they might stick it out as there is another pot of Gold just round the corner? It’s a high level bluff but Avram would definite vote for this unless they get the £6bn?
Reality is they, through the Raine Group are desperately trying to get SJ and 92 Foundation which we now know has state links to up the bid to £6bn and then the transaction can go through.
Qatar don’t want to be seen to overpay and don’t want to be played, they’ve already agreed to pay off the legacy debt of £535m plus their bid which is rumoured £5.2bn.
The latest information was Jimmy Ratcliffe was going to make multiple payments to buy Glazer shares and SJ was originally looking to make the payments to the Glazers in 2 instalments but now they have apparently offers this in one instalment to the Glazers Cayman bank accounts. Then they would almost simultaneously pay off the club debt which would automatically give the club a £50m transfer boost based on last 3 years FFP and the Glazers never investing one dollar of their money?
To me, looking from the outside, It looks like Qatar feel that they are already paying over £6bn because they’ve factored in the leveraged debt of £535m and then the amortised transfer debt of £308m which they would also pay off which would generate an extra transfer spending facility next season which could be critical with FSP dropping to 80%.
If United did not have the £80-90m we have to pay to clubs in amortised transfer fees this year and cleared all our debt, theoretically that could generate another £80-90m of transfer revenue for the new owners or even more if they amortised the transfer costs.
Qatar/SJ see there bid as £5.2bn plus £800m debt repayment and then £800m future investment plus they will buy 100% of the clubs and offer $38 per share to the minority share holder’s which when everything is paid is an obscene amount of money. Like I said multiple posts back when and if this deal gets done with Qatar, the amount paid will shock fans to their core.
Jimmy INEOS current bid which can not be approved until he agrees to buy the minority shares to is basically $3.3/3.4bn for 51% to buy out 4 siblings however they would still have to buy 31% which is 50 million shares at $38 which is another $1.9bn giving Jimmy INEOS 80% and Joel and Avram 20% but no mention. Of debt resettlement and no guarantee he can even afford the minority share buy out as well.
Conclusion - 9 months later no one really knows if the club will be sold or kept in the short term only, they will not be able to trade in the current capacity for more than two years without getting sone form of investment. Qatar could make a last ditch bid, but now they can not influence the transfer market why should they?
They can sit knowing that theirs is the best and only offer which caters to all shareholders demands right now, with the exception of 1 or 2 ?
I know, but we know that the value of a club like United is a bit of a grey area. They could point to upcoming club world cup/new CL deals and say they think the club will be worth more in a few years and with a bit of success on the pitch. I'm just giving basic examples of what they could say here. Another option is, they just do nothing. They said that they'll communicate a decision as necessary, but what if they just do nothing and claim that it is still under review?
Also what are you on about “a dangerous precedent for businesses”?
Do you not think it’s an even bigger dangerous precedent if directors of a company is allowed to make an official statement that they are looking for strategic investment for the business on behalf of the shareholders which I’m turn inevitably massively inflated the share price as new investors buy in. In addition to that appointing a consultancy firm acting on behalf of the business, and by extension shareholders, and receives multiple offers many times more than enterprise value only to turn down those offers.
It’s not even about setting a dangerous precedent. There exists laws to protect shareholders and stop exactly this sort of market manipulation.
What you have listed there are not dependent on them staying. Those events will still happen if the Glazers are not in charge. You’re waffling.
Oooh I was born in 1990
I’m jealous, that’s the year I started uni.
Why couldn’t big Malcolm have just pulled out each time and hit his missus with the money shot.
Malcolm would never ever just spunk money away
They have proved many times over the years what bullshit merchants they are
I couldn't care less about the takeover anymore,I am sure those who didn't want Qatari ownership are happy it's not happening
She was fugly and he couldn't stand to look at her face even for a second? (Man... now I'm hating on a woman I ain't even met. The things this club makes me do)
There is not much revenue in Europa, Fa and League cup. Just passing the group stage in UCL gives more money than winning all three of them.
I'm sorry but this hyperbole is complete nonsense.
United's biggest issue post 2013 (or 2009 arguably) has been lack of strategy. We've probably spent over a billion (probably a lot more) on transfer fees/wages and coaching staff.
I'm genuinely intrigued to know what people think would happen if Qatar does buy us. There's probably not that much more they can realistically spend in terms of player recruitment. Big infrastructure spend might be easier but only city and Tottenham out of the "big 6" have done anything significant in that regard recently (and a big element of city doing it was essentially given free reign by the council.)
Even a Ratcliffe type (assuming he employs semi competent staff) can lead us to the top 4 and semi-regular title challenges with similar levels of investment to now. Not even suggesting that's good enough, just pointing out what's obvious.
I fecking hate them. That's all.
Ooof, shots fired!
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