Club Sale | It’s done!

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In a sense perhaps our not so great start to the season has the silver lining that the Glazers may rethink 'everything going in the right direction and the club is on it's way back to the top and will be even more valuable' that we saw proposed as part of their thinking at the end of last season :lol:
 
We are between a rock and a hard place at the moment, we don't want to lose games but by doing so it slowly eases the Glazers grip on the club, so short term pain equals long term gain, there will be a 100 percent upturn on the pitch though am sure when they finally leave.
 
Yep I thought the same as Hellier, Raine and the Glazers really expected more bidders and they are finding it every increasingly difficult to squeeze more out of the bids, the dangerous part is financial.

Yes the club has new improved sponsorship deals however it reported a record revenue last financial year and still made a loss. Servicing the debt with increasing interest rates is eventually going to hurt the club. The club still has over £300m plus of amortised debt just for transfers which could be anything from £50-60m per year for the next 4-6 years, imagine paying that plus £30-40m of interest just to service the legacy debt and then you have a wage bill of £300m per year that’s £400m of costs without transfers, rates, bills, training ground improvements, hotel and travel expenses.

If man United got a bigger fine for FFP like £10m because the Glazers do not and will not ever invest a penny of their money, if they are even here next summer, with the current FSP reducing to 80% of turnover and the dire finances of the club, I doubt the club will be able to spend more than £50m next summer.
The most dangerous part is that 3/4 of that debt is on players that will need to be replaced and that have already been replaced with players that will need replacing soon. Take Fred for example, suppose we were still paying for his fee and have spent 55m to replace him with Mount who if things don't turn up soon will also need to be upgraded on by a more expensive player.

Its a dangerous cycle of incompetence thats made their position untenable. Its also easy to see through the brinkmanship.
 
The most dangerous part is that 3/4 of that debt is on players that will need to be replaced and that have already been replaced with players that will need replacing soon. Take Fred for example, suppose we were still paying for his fee and have spent 55m to replace him with Mount who if things don't turn up soon will also need to be upgraded on by a more expensive player.

Its a dangerous cycle of incompetence thats made their position untenable. Its also easy to see through the brinkmanship.

If you believe some people all we need to do is keep changing managers and it will all work itself out, cause “glazers don’t pick the tactics” :lol:
 
It’s my pleasure and I try and post less frequently now, but in bursts, I do think we are coming to some type of conclusion, however that could still be 6-9 months not 1-2 like some people think. My bet would be that something might already be happening between SJ and the Glazers as the Qatar team have gone very quiet, and normally after 8-9 months, they would gracefully pull out if they thought they could not conclude the deal.

Could you give us some additional thoughts about why you think it’s 6-9 months to we get a conclusion?

My bet would be that we might get some development before Christmas.
 
Could you give us some additional thoughts about why you think it’s 6-9 months to we get a conclusion?

My bet would be that we might get some development before Christmas.
I hope your right and I’m wrong, however the Glazers will try everything in their power to drag this out for as long as it takes to get a £6 billion bid or as close to it as possible, currently the rumoured bid from SJ is £5.1-5.2 billion to buy the Glazers shares.

As things become more difficult on and off the pitch, Raine might try and act as intermediary and send a message to 92 Foundation that they are very close but the Glazers will only sell for £5.6 or £5.7 billion?

Nine two foundation might try to call their bluff and say their current bid is based on a successful team who finished 3rd in the PL, in other words they are barely justifying their current offer, let alone increase it, this back and forth could take us right up to Xmas 23, then finally a breakthrough, mid January a verbal agreement, the contract is finally agreed in February, then pre contract due diligence may take us Up to end of March and then in early April fit and propers Directors test passed with the contract finally being signed, which would represent a Mid to late April completion of 2024 which is 6/7 months the only way this happens before Xmas 2024 is that the price and M&A deal has already been agreed and due to strict NDA’s nothing has been reported yet.

Remember this is only to take control of the club, it could take 3-4 months from this date for SJ/92 Foundation to buy the remaining 31% of the club and delist from NYSE.

Remember just because SJ and 92 Foundation have the money, it’s currently in American banks making them 5-6% of interest so they will do the deal and make the payments when they feel it is the right time, don’t be surprised if SJ advisors tell him and his foundation to make the payments as slowly as possible just to get some sort of payback on the Glazers indecision during the bidding process.
 
If you believe some people all we need to do is keep changing managers and it will all work itself out, cause “glazers don’t pick the tactics” :lol:
I tend to usually hear this from fans of other clubs. It seems like they intentionally miss the point...reminiscent of Souness and Carragher insisting on throwing the transfer budget at Neville any time he would criticize the Glazers.
 
The most dangerous part is that 3/4 of that debt is on players that will need to be replaced and that have already been replaced with players that will need replacing soon. Take Fred for example, suppose we were still paying for his fee and have spent 55m to replace him with Mount who if things don't turn up soon will also need to be upgraded on by a more expensive player.

Its a dangerous cycle of incompetence thats made their position untenable. Its also easy to see through the brinkmanship.
This is one of the most sensible comments on this thread, fans just don’t realise how much damage for future Transfer markets has been caused by the sheer incompetence of the fools who signed of on the last 10 years of player transfers especially with huge overvaluing of distinctly average players then amortising the cost of that transfer fee.
 
We are between a rock and a hard place at the moment, we don't want to lose games but by doing so it slowly eases the Glazers grip on the club, so short term pain equals long term gain, there will be a 100 percent upturn on the pitch though am sure when they finally leave.

We have to the accept there is no 'silver bullet' as both main competitors for the club have shown no particular aptitude for running a club like United.

Sure, there'll be more money, but it really isn't as easy.

Besides, if they are going to leave and we'll be better, why not hope we crack on, climb the table and be successful?
 
I hope your right and I’m wrong, however the Glazers will try everything in their power to drag this out for as long as it takes to get a £6 billion bid or as close to it as possible, currently the rumoured bid from SJ is £5.1-5.2 billion to buy the Glazers shares.

As things become more difficult on and off the pitch, Raine might try and act as intermediary and send a message to 92 Foundation that they are very close but the Glazers will only sell for £5.6 or £5.7 billion?

Nine two foundation might try to call their bluff and say their current bid is based on a successful team who finished 3rd in the PL, in other words they are barely justifying their current offer, let alone increase it, this back and forth could take us right up to Xmas 23, then finally a breakthrough, mid January a verbal agreement, the contract is finally agreed in February, then pre contract due diligence may take us Up to end of March and then in early April fit and propers Directors test passed with the contract finally being signed, which would represent a Mid to late April completion of 2024 which is 6/7 months the only way this happens before Xmas 2024 is that the price and M&A deal has already been agreed and due to strict NDA’s nothing has been reported yet.

Remember this is only to take control of the club, it could take 3-4 months from this date for SJ/92 Foundation to buy the remaining 31% of the club and delist from NYSE.

Remember just because SJ and 92 Foundation have the money, it’s currently in American banks making them 5-6% of interest so they will do the deal and make the payments when they feel it is the right time, don’t be surprised if SJ advisors tell him and his foundation to make the payments as slowly as possible just to get some sort of payback on the Glazers indecision during the bidding process.

The takeover for sure will not be done over night as you describe in your timeline, if the deal is not already agreed. I don’t think that’s the case, deal being done already, but it would be great news if so.

I meant it’s possible we would get development in the way we would know more about the deal and possibly who the winner is before Christmas. I think it’s a very good chance we do.

That said, I am confident it will happen. It is not very sustainable to keep the club and continue as they do now.
 
If nothing happens in October(as Bloomberg journalist and Neil Curtis from The Sun have suggested), I'll lose my faith in the takeover completely. I'm already close to resignation, surrendering on that front and accept the eternal mediocrity and failure.

Yeah I feel exactly the same way
 
In a sense perhaps our not so great start to the season has the silver lining that the Glazers may rethink 'everything going in the right direction and the club is on it's way back to the top and will be even more valuable' that we saw proposed as part of their thinking at the end of last season :lol:

I keep thinking this start will cause them to rethink valuation,then I remember what utter greedy leeches they are and likely won't make difference.
 
I keep thinking this start will cause them to rethink valuation,then I remember what utter greedy leeches they are and likely won't make difference.
To quote honourary Glazer, Ed Woodward: "Playing performance doesn't really have a meaningful impact on what we can do on the commercial side of the business."

It would take a prolonged period without European football (years and years) to make a dent imo. They won't be fazed by a poor start to a season.

My hopium of the week is that an agreement is close with the Qataris, but the Qataris are needing some time to coordinate how to take care of the ample debt before closing the deal.
 
Yep I thought the same as Hellier, Raine and the Glazers really expected more bidders and they are finding it every increasingly difficult to squeeze more out of the bids, the dangerous part is financial.

Yes the club has new improved sponsorship deals however it reported a record revenue last financial year and still made a loss. Servicing the debt with increasing interest rates is eventually going to hurt the club. The club still has over £300m plus of amortised debt just for transfers which could be anything from £50-60m per year for the next 4-6 years, imagine paying that plus £30-40m of interest just to service the legacy debt and then you have a wage bill of £300m per year that’s £400m of costs without transfers, rates, bills, training ground improvements, hotel and travel expenses.

If man United got a bigger fine for FFP like £10m because the Glazers do not and will not ever invest a penny of their money, if they are even here next summer, with the current FSP reducing to 80% of turnover and the dire finances of the club, I doubt the club will be able to spend more than £50m next summer.

In terms of the “more bidders” part by the Bloomberg guy. In my opinion the Glazers made a big mistake not selling the club before Saudi Arabia and PIF bought Newcastle. Saudi Arabia are the big beasts of the Middle East, not Qatar or UAE. They are the United States of the Middle East.

Remember back in 2018 and 2019, they wanted to buy us, but those two rats didn’t want to sell. Saudi Telecom is our longest commercial sponsor and we had a agreement in 2017 with their Ministry of Sport. The connections we’re there between Man Utd and Saudi Arabia to facilitate a bid

I think PIF would have pivoted to Man Utd rather than Newcastle if they knew Man Utd would be available before they bought Newcastle. If you had Saudi involved, you would have had a bidding war with them and Qatar which would’ve got you that Six Billion figure. Those two brainless brothers, Joel and Avram, are utter scum.
 
Presume this is your way of trying to say look Ratcliffe isn't so bad as an owner

I've always maintained that he wouldn't be a bad owner. If anything, not any riskier than Qatar for me.

Just wanted to see the reaction to Nice leading their league after 6 games played.
 
Seems to me that Jassim is out. It is all about Glazers trying to negotiate best conditions with Sir Jim about them staying in the club. Only matter of time for Jim and Glazers to struck a deal.
 
Seems to me that Jassim is out. It is all about Glazers trying to negotiate best conditions with Sir Jim about them staying in the club. Only matter of time for Jim and Glazers to struck a deal.
Why do you say Jassim is out?
 
Seems to me that Jassim is out. It is all about Glazers trying to negotiate best conditions with Sir Jim about them staying in the club. Only matter of time for Jim and Glazers to struck a deal.
I see these posts all the time. I then scroll up and see no update. So they’re based on nothing. I find it strange to draw this conclusion.
 
Why do you say Jassim is out?
I see these posts all the time. I then scroll up and see no update. So they’re based on nothing. I find it strange to draw this conclusion.
There is a tweet where Glazers are trying to get voting rights from Jim if they accept his offer.
My feeling from start of this shitshow is that Glazers are keen to keep fair share of the club. They think that club will worth even more in next years.
 
I’m actually suprised people are still posting in this thread. Seems like a pipe dream now.
 
That's my understanding as well, I'm just wondering why the other poster doesn't see it that way

It's not me you replied to, and this is partly wishful thinking on my part, however:

Jassim's final "take it or leave it" offer was made in early June. Keegan reported on the same day that the valuation is still lower than Ratcliffe's more complex bid for the club. There haven't been any reports of a new bid from Qatar since then.

More than 3 months have passed since then, and if it's true that the Glazers are still trying to convince INEOS to not only let them stay but also have voting rights, then I'd guess that Joel and Avram are really hellbent on going with Ratcliffe at this point.
 
Knowing our luck anyways as soon as Qatar buy us oil will go to zero and everyone will use renewables instead :lol:
 
Aye it’s feels like we should just be posting any important tweets now. Everything has already been said about 100 times now.
I think this thread should be locked until some serious, important and reliable news come about the (possible)sale. There is just nothing to talk about that hasn't been said already and it's tedious seeing the same comments, arguments over and over again.
 
Knowing our luck anyways as soon as Qatar buy us oil will go to zero and everyone will use renewables instead :lol:

That would be a real stroke of bad luck...
 
Knowing our luck anyways as soon as Qatar buy us oil will go to zero and everyone will use renewables instead :lol:
I think football would be the least of our worries if oil suddenly went to zero
 
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