They can't buy the whole amount from the Glazers.
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
You have to negotiate to buy the other shares from whoever owns them. It is a separate transaction with the main purchase. You don't necessarily have to buy them as they have no voting rights.
Yes and I'm saying that the club would still be public enabling Ratcliffe to potentially take dividends. I'm speculating if that is potentially his intention.
It'll be structured to acquire 100%, most jurisdictions have a 'squeeze out' mechanism on takeovers, allowing the buyer to compulsorily acquire minority shareholders.
Fair enough.
I see. But know one knows how much they want for 69% do they?
I still can’t see how the Qatar bid doesn’t win. It feels done to me.
Last edited:
No, this whole bid system is only for the 69%. Even the Qatari bid is for the 69% of shares the Glazers own despite what their statement says. Any other shares will have to be dealt with separately.
I guess £5-6 billion
Not necessarily. The board can decide to put a fixed price for share, and then send that proposal to the shareholders to vote. Considering that the Glazer family controls the voting, they can decide that each share will be sold for x$, and there is nothing that the other shareholders can do. It is actually what the Glazers did in the first place when they got a controlling majority in the club.
Except we are not like City, Chelsea and PSG. But carry on wetting yourself
They've got Newcastle. Looks like Glazers will move on to Liverpool now. Oh well.
Yeah. I don't know how the NYSE works, but usually London stock exchange, if you purchase so many shares, over 50% I believe, you have to put in a compulsory bid for remaining shares, which the board will say yes or no.
I know they are bidding for 69% mate I've stated that multiple times. I was unaware thought that they would then be obliged to buy the rest.
Yeah it’s confusing alright. The Qatari statement being slightly misleading hasn’t helped at all.
For 69%
They clearly said in the statement 100% so they must have a way of buying the remaining non-Glazer shares also
Saudi no show is the biggest sign of Qatar winning so far IMO
Avram and Joel will be in tears
Yes but they are only negotiating with the Glazers for their portion. Any other deal is seperate.
I don't think the other shares are the same value thought are they?
Bet they are fuming they didn't hold off 1 more year
I'm sure someone on here must know.
Saudi not bidding is a huge sigh of relief.
I doubt it. Raine are only tasked to sell the Glazers stake. They are both eyeing for that 69% whom in reality controls the club
I know they represent 3% of the voting rights so surely they are relatively worthless compared to the Glazers shares.
We aren't, we can agree. You seem to think we won't be - I fear we might. Let's leave it there, as it says: Please keep it civil and constructive.
Nope. The Glazers can decide to sell the shares of other shareholders (the only constraint being that each share will cost the same). It is very common in takeovers that the minority shareholders are forced to sell (Man United when Glazers bought the club, Twitter when Elon bought it etc).
Haven't you been a big defender of Qatar owning PSG, the big imbalance there and their spending? United face Abu Dhabi, Saudi Arabia, huge spending from Roman/Boehly yet you're concerned about United being Qatar backed even after the dominance of Abu Dhabi?
How do you feel about the money paid to Mbappe?
If Rashford is offered effectively 1 million per week by various means to play for PSG, what is your response to that? Awesome for the French league?
Fair enough, thanks for the info.
That apply to UK Based companies. We're a Cayman island based one.
Interesting.
Safe assumption that its likely to be Qatar, considering there has been very little news of any bids from NA or other parts of the world.
It must have been agreed well beforehand.
They don't have to go public though so there could well be more.
Wait, so 5b would be the value of 69 percent of the club?
- Status