Club Sale | It’s done!

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I think Ratcliffe’s all talk. He offered to buy them for £4m after the deadline was set for potential buyers to make their offer. He would’ve known fine well they’d have no intention of accepting his “bid”.

Oh the Chelsea move was absolutely bluster. It was known at the time that it was, this is a very different kettle of fish, however.
Think it will be one by January tbh. How long did the Chelsea one take?
There were some fairly massive mitigating factors with Chelsea mind, it’s not something we can point to as a normal deal.
 
This is good news regarding investment in the stadium, whether that's renovation or a new build.

The new owners will the use the stadium development to win over fans with something impressive & obviously also increase club revenue too.
 
It's going to feck up our transfer window isnt it. Can't see them agreeing to any sizable transfers whilst things are in motion.

I think we’re more likely to spend something if they are confident of a sale. They need to protect their investment, won’t want to drop away from top four and it will just be more debt that won’t be their problem.
 
This has been on the cards for a while hasn't it.

The idea that Manchester United was a 'cash cow' for the Glazers was and has always been a huge myth.

Due to gross mismanagement resulting in outrageous amounts of money wasted on dud transfers and in wages paid to undeserving players, the club has been just about breaking-even financially.

The dividends the Glazer family took were a total Red Herring. It creates good clickbait because it causes outrage amongst fans who don't really understand the numbers involved but the money take was such an insignificant amount in the grand scheme of things it was always a total non-story. When you consider the opportunity cost of the Glazers having their cash tied-up in United (i.e. the cost of the options they haven't chosen) then it's actually a massive loser for them.

Sure, huge amounts of money have been drained out of the club, but most of it has been paid to the investment banks who loaned the Glazer family the money to buy the club. Incredible waste and incredibly frustrating for fans...but again, not something the Glazers profited from directly. We often see that £2BN figure banded about by the Green & Gold campaign but it needs to be understood....the Glazers haven't taken that and banked it, it's been spent paying interest!

So with the club not really generating profit (after transfers etc...), the stadium crumbling, the facilities requiring major investment, oil money clubs making it increasingly difficult to secure top four, the ESL on the back-burner for now...the only real way for the Glazers to make big money on United is to sell.

Of course, when they do sell, they'll have made a huge profit without spending a penny of their own money and despite grossly mis-managing their asset....but that's the World we live in people! The system is rigged and the wealthy are too big to fail!
Some good points, but you have a pretty narrow definition of cash cow. Imo, a cash cow is an asset that returns largesse either now (dividends) or in the future (proceeds from sale).
The main reason for leverage is to leverage returns. An asset bought (with 100% own funds) for X and sold for Y provides a certain return. The same asset bought with 50% leverage doubles that return. The cost of debt is the price the club has paid to secure enhances returns for the Glazers. LBOs aren't about immediate cash returns.

Anyways, I am not convinced that the "strategic process" will yield an ownership that doesn't involve one or more of the Glazers in the aftermath.
 
I think we’re more likely to spend something if they are confident of a sale. They need to protect their investment, won’t want to drop away from top four and it will just be more debt that won’t be their problem.

Makes you think whether thats why they ended up spunking that 200m+ when they knew it didnt matter to them anymore?

I would like to believe Mr (or Mrs) New Owner agreed to spend it in the Summer which would be a good sign.
 
Yep, as @crossy1686 mentioned before recent earnings call, people were betting on the stock hitting a certain price by a certain date.

This usually happens when you have some catalysts e.g. rumours of sale. And given that options activity for our stock is limited (people don't speculate on it much), what you see above is way out of the ordinary and shows the insiders with connections made money.


After the Glazers baulked at the cost of revamping the stadium, it did seem they'd sell up sooner than later.
 
The cynical me thinks the deal has already been sewn up. I am sure negotiations have already taken place for months. Just that it is now so close that they risk breaching stock exchange rules by not making clear their intentions given the impact on the share price.
 
Makes you think whether thats why they ended up spunking that 200m+ when they knew it didnt matter to them anymore?

I would like to believe Mr (or Mrs) New Owner agreed to spend it in the Summer which would be a good sign.
You may like to believe it, but there is absolutely no chance.

The Glazers needed to protect their investment. Now there’s more of a good feel around the place they can sell for many times more money than what they put it, as forecasts are much better. Look after the pennies and they make the pounds etc…
 
You may like to believe it, but there is absolutely no chance.

The Glazers needed to protect their investment. Now there’s more of a good feel around the place they can sell for many times more money than what they put it, as forecasts are much better. Look after the pennies and they make the pounds etc…

United 's probably the biggest sports institution in the world. I doubt much feel good (was?)is needed to attract potential buyers.
 
If one of the states or the oil companies do get us, they’ll have some bragging rights buying one of the most prestigious clubs in football.

bet the lads who bought Newcastle are gutted :lol:
 
Yes, in the Middle East they are reputable.

I live in Dubai and it's actually been rumoured here for a while that Dubai/Owners of Emirates Airlines were interested in buying Manchester United. The crown prince of Dubai is a well known fan of United.

Are they as rich as Newcastle/City owners?
 
Utd with no debt and no dividends being taken out puts an extra £100m every year in the coffers for players. That’s huge. That’s before the owner even puts any of their own money in.

Glazers really have drained us!
It does not. It is around 40-50m extra per year, which is still a large sum of money.
 
If Eneos/Ratcliffe purchase us, surely we'll just be servicing an even larger debt? Or am I totally wrong?
 
Are they as rich as Newcastle/City owners?
No one is as rich as the Newcastle owners. City owners are richer than Dubai but the thing is, with Dubai in charge of United, with the takeover clearing our debts, we will be more than self sufficient to compete. Add in the influx of cash they’ll provide, we’d be able to match any of them financially. I’m more excited by the infrastructure they’ll provide to the club from Carrington, to Old Trafford and the reserves and female stadium.

I have family in Milesplatting, Ancoats in Manchester and I’ve been around the surrounding areas and to see what Abu Dhabi has done for City and the area is remarkable. Back then it was just the Asda supermarket that was the flagship of that area but they’ve developed the whole area and added so much value. Dubai would really do the same for United. With our fan base and commercial viability, we’d be the top guns in all areas once again soon.
 
No one is as rich as the Newcastle owners. City owners are richer than Dubai but the thing is, with Dubai in charge of United, with the takeover clearing our debts, we will be more than self sufficient to compete. Add in the influx of cash they’ll provide, we’d be able to match any of them financially. I’m more excited by the infrastructure they’ll provide to the club from Carrington, to Old Trafford and the reserves and female stadium.

I have family in Milesplatting, Ancoats in Manchester and I’ve been around the surrounding areas and to see what Abu Dhabi has done for City and the area is remarkable. Back then it was just the Asda supermarket that was the flagship of that area but they’ve developed the whole area and added so much value. Dubai would really do the same for United. With our fan base and commercial viability, we’d be the top guns in all areas once again soon.

thanks for the information mate.
 
It's never boring is it! Honestly, ETH has finally managed to cobble together a team and tactic that doesn't wobble too much and we can use as a platform to build on, then Ronaldo goes into full toys out of pram mode, now we have a possible ownership change, what a soap opera... Just hope it doesn't damage the morale of the squad as it did look like we were starting to get something going.

The Glazers have spent money at least as comparable as most other big clubs during their ownership, just such as pity they've never seemed to have a cohesive plan in place, so the majority of it was wasted, like, Sanchez was a massive mistake as his legs had gone and the wages were ridiculous, then they repeat that with Ronaldo, fingers crossed they go and the new owners kill the debt, renovate the stadium, give the fans a voice and put a management structure in place that actually involves people who know how to run a successful sport operation.
 
Glazers are really going to make billions after years of mismanagement and neglect to invest in infrastructure :lol:

I can't think of anyone with 5 billion (let alone 10) to spend that I would really welcome.

It just goes to show the boom in football (and probably in big business) over the last 20 years that you can buy an asset at the absolute top of it's game, oversee a massive decline in stature, success and infrastructure and sell and for eye-wateringly enormous profit.
 
Not even close.
True but still rich. Still more able to afford the club than a us investor, consortium or a billionaire. In regards to arab state ownership they are probably the lesser of 2 evils. I don't really care about them being as as rich or close to Manchester Citys owners wealth. Just want them to run the club well.
 
I think the best we can hope for is like a Boehly type consortium leathered with rules and regulations to protect the interests of the club.
I do not think Glazers care about what happens with the club when they are out. it can all get burned for all they care, as long as they get the money.
 
It's never boring is it! Honestly, ETH has finally managed to cobble together a team and tactic that doesn't wobble too much and we can use as a platform to build on, then Ronaldo goes into full toys out of pram mode, now we have a possible ownership change, what a soap opera... Just hope it doesn't damage the morale of the squad as it did look like we were starting to get something going.

The Glazers have spent money at least as comparable as most other big clubs during their ownership, just such as pity they've never seemed to have a cohesive plan in place, so the majority of it was wasted, like, Sanchez was a massive mistake as his legs had gone and the wages were ridiculous, then they repeat that with Ronaldo, fingers crossed they go and the new owners kill the debt, renovate the stadium, give the fans a voice and put a management structure in place that actually involves people who know how to run a successful sport operation.
Think we have spent, but more signings in the hope of attracting sponsors and social media coverage. When instead if you sign players who are the right player to propel you to success the other things come anyway. They wanted to make a quick buck.
 
Are they as rich as Newcastle/City owners?
Nowhere near.

However they have a good amount of money and would invest in the team, they would also be one of the richest owners in European football (Below Abu Dhabi, Qatar and Saudi). They do things properly here and would hire the right people to run the club. The only question mark as to them actually buying the club is as some people have mentioned, the Abu Dhabi ruling family and the Dubai ruling family are very close and are actually distantly related. The crown prince of Dubai for example recently married a princess of the Abu Dhabi ruling family, so whether they actually try to compete with Abu Dhabi in the same market, in the same league/country, in the same city remains to be seen.
 
Makes you think whether thats why they ended up spunking that 200m+ when they knew it didnt matter to them anymore?

I would like to believe Mr (or Mrs) New Owner agreed to spend it in the Summer which would be a good sign.

They’ve been preparing this for a while, they also did big review to provide options about stadium redevelopment or a new stadium etc which they were never going to be able to do even if they wanted to. That was all for purpose of trying to sell the future opportunities to potential buyers.

They have to be trying to attract Dubai Investment Fund or someone like Ambani. The Glazers are going to want every last penny, there is huge debt to clear and huge is investment required so they must have had some encouragement from someone with very deep pockets.
 
No one is as rich as the Newcastle owners. City owners are richer than Dubai but the thing is, with Dubai in charge of United, with the takeover clearing our debts, we will be more than self sufficient to compete. Add in the influx of cash they’ll provide, we’d be able to match any of them financially. I’m more excited by the infrastructure they’ll provide to the club from Carrington, to Old Trafford and the reserves and female stadium.

I have family in Milesplatting, Ancoats in Manchester and I’ve been around the surrounding areas and to see what Abu Dhabi has done for City and the area is remarkable. Back then it was just the Asda supermarket that was the flagship of that area but they’ve developed the whole area and added so much value. Dubai would really do the same for United. With our fan base and commercial viability, we’d be the top guns in all areas once again soon.

Yes, this is what I'm excited about, the infrastructure build. There is SO much potential in and around the stadium. "Manchester United Village" is a viable concept.
 
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