Not mega positiveSweet Mary we’ve needed some positive news!
Might as wel keep greenwood now
Club Sale | It’s done!
- Thread starter JB08
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Might as wel keep greenwood now
If there was a takeover, Arnold would probably be the first to go anyway. Any new owner will need his guy embedded to oversee his £6bill investment
the glazers have got their ticket money as far as they are concerned you may do whatever you like.
Have to hand it to those Ferengi feckers. got their six billion jackpot after destroying us for well over a decade. Nothing in and SIX BILLION out and people genuinely think they’ve been defeated.
the new owner maybe an attendant part of a rampant totalitarian state but here he looks like Chevy chase and got outwitted by two from six glazers. tells custy he’ll rebuild old Trafford to megamodern standards and make it look like everywhere else, ew dumbbells in the gym round and ‘invest’ in the local councillors. Would rather he spoke in solid terms about what he is going to actually do with the footballing side of the club. Run it like psg?
crepes almighty I hate sportswashing people I do.
good luck x
Doubt they'd give a damn, their emir will probably have more control on us than whatever this guy is.
Positive for some, not for others.
Possibly completely unrelated but interesting to hear Sheikh Jassim’s dad putting up 2 london properties for sale today for a total of £1 billion. Might be lending his son a few quid.
Like clockwork this story….
Team looks a mess requires significant upgrade.
‘Release news glazers are selling’
Team looks a mess requires significant upgrade.
‘Release news glazers are selling’
Are we back?!? I never lost faith
Ugh, why did it have to be Custis reporting this. I want to believe but can’t.
God please let this be true.
Neil Curtis reporting this and no one else latching onto it isn't ideal.
It's united. There is always some news everyday.
Up 12.7% now but not a vast rise in terms of dollars
If this was legit the twitter media would be falling over each other to confirm it
Edit all the way back to 8% 10 mins later. Bubble burst quick
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The article may be pure speculation, but it has a line in it that emphasises the fear of fan backlash as discouraging the Glazers from holding onto their shares. If this were a Glazer-pushed article, surely they wouldn't want to give any impression that fan activities and protest have any impact on their decision? Saying a fear of backlash is pushing them towards the door only eggs on those protesting.
It's different for Custis. News organisations like the FT, Bloomberg etc need two sources for their reports. Sports reporters don't and can run a report quicker.
They'll be getting their windows put out once he guys United.
Don't see what benefit the glazers would gain from such fake news spin. It will only create higher expectations and the inevitable disappointment and anger on the part of the fans.
The only other person I’ve heard talk sale is the Cardiff guy, who reckoned we were going for £7.2b.
Exactly. Lord knows if there's any weight to the article but I think it's many things before it's a Glazer-fed story.
I saw the same sort of accusations on twitter earlier. Made no sense
A lie is still a lie even if you repeat it 1000 times
And also it's "interesting" that this report coming out before the protest in Old Trafford against forest
And also it's "interesting" that this report coming out before the protest in Old Trafford against forest
The thing about this situation that is giving me some hope that something is going on still is that jassim or Ratcliffe haven't really said anything in months, if they were done with the deal they probably would of said by now, I am just hoping it is done by the end of year preferably in time for the January transfer window, that would be ideal but most importantly the glaziers being gone is a must.
Manchester football’s about to become a 2 camel race, so expect Pep to be off….or even offer his services to the English club he always wanted to coach.
They can also only play that card so many times before they have to announce they’re staying or going.
I trust the Cardiff guy and Custis. The chancer might be right this time
Which one is the chancer?
The Cardiff guy was very precise with that (huge) number.Which makes sense £6bn for the glazers and the debt, £1.2/1.3bn for the 31% Minority shares, remember there are 50 million A class shares, I have a feeling the premium of $38 for the shares may end up being $33-34 which is about $1.65bn or £1.2/1.3bn, only time will tell but yep
It’s weird that SJ Dad has put up some property in London for sale at £1bn and he was rumoured to fly over to the states 3/4 weeks ago to try and broker a deal!
That huge number is what many in the city thought to buy 100% of the club not 69% of the club.Which one is the chancer?
Yea can't see the benefit. Not like a big signing, tangible, to keep us quiet etc
I trust the Cardiff guy and Custis. The chancer might be right this time
The ol' broken clock being right theory!
Which one is the chancer?
Custis. The Cardiff guy I actually trust.
I’ve got absolutely no idea if what you are saying is bollocks but I like what I’m reading.
This coming out today (well yesterday since it is after midnight) smells like a PR brief spinning attention. A lot of negative press on Utd over the mess of Greenwood and Richard Arnold, and the very next day we get an article stating deal will be done very soon.
I'm very sceptical as this seems like PR Spin to get attention away from Greenwood.
I'm very sceptical as this seems like PR Spin to get attention away from Greenwood.
That would hit them hard later on. If they are likely to stay now, they should stop digging the hole.
I take every one of these reports with a pinch of salt now.
We've been pumped up and let down so many times in the last 9 months, no new information holds weight anymore.
When i hear the clubs been sold on a major news channel then the celebrations can begin.
We've been pumped up and let down so many times in the last 9 months, no new information holds weight anymore.
When i hear the clubs been sold on a major news channel then the celebrations can begin.
Not strictly true, there are three phases to this type of M&A deal where the new owner has made it clear he wants to own 100% of the club and delist from the NYSE.
Phase One - Agree a sale for the controlling shares of the club, in this case due to the Debt which is guaranteed by the Glazer Family, the actual loan of £535m which is owed to Bank of America and other lenders would need to be paid off, probably as part of the £6billion fee which the Glazers have always wanted at the same time. After they have completed due diligence, various international transfer payments could be wired and confirmed in 2-3 days, whilst official bill of sale documents are prepared and signed. Let’s say this was started September 1st and completed by September 6th.
Phase Two - EPL Directors Fit and Propers Test/UEFA FFP Directors Test, Should probably have already been tested or at worst made sure their would be no issues, so a relative formality maybe this is signed off by mid September 2023.
Phase Three - SJ/92 Foundation now have control of the club, potentially by Mid to End September 23, they can now appoint their own CEO, and 3 directors to the board due to now owning the 69% controlling shares of the club, they can run the club they way they wish and make structural changes to the club, probably appointing CFO, CEO, Development Director and a new Director of Football.
The CFO will start the process of the club leaving the NYSE and write to all of the 31% Minority share holders who still have 2/3 Board Directors, explaining that they are exercising their option to offer fair enterprise share value under Cayman Island Law maybe an offer of $34-38 per share, this could cost another £1.3/1.4 billion pounds and could take 4-8 weeks so potentially Mid October to Mid November would be a target date for the Qatari’s to make the club privately owned and now 100% owned by SJ and Nine Two Foundation.
they don't always need two sources where did you read that?
depends on the situation, but one solid source would usually be enough
Custis on the other hand, doesn't need any
they don't always need two sources where did you read that?
depends on the situation, but one solid source would usually be enough
Custis on the other hand, doesn't need any
That's pretty standard for most journalists from reputable organisations and even in journalism schools. At least two sources they can confirm.
Timeline sounds plausible to Custis story.
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