When's the best guess as to this saga being over? Weeks? Months?
Club Sale | It’s done!
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They should feck off
I agree with you. And this footballing heritage is a proud element of wider culture, both regionally, nationally and internationally. It’s epitomised by the pride and emotional connections between club, staff, players, ex players like Evra and Rio, Keano etc, and fans far and near. Do not sell out Manchester United.
It’s a nation state. It’s sportswashing. It’s an embarrassment. It’s City, Newcastle and PSG and wanting to stay out of that company. Did you see the closing ceremony of the WC? Lionel Messi being treated like a cake decoration?
The talk just before the deadline indicated that new owners should be in place before the end of the season
Groovy. Thanks.
Vulture capitalism.
They know who can afford to buy United --- and those who cant but are wanting it irrationally.
What are the fine print terms for when the Glazers inevitably default? They get to repo the entire club? Of all the actors this has to by far be the worst. Glazers are looking for cash injection not more credit. They are too broke to meet the ones they already have. Elliott must already know this.
Didn't this happen with AC Milan where they got ownership because the previous owners couldn't pay up?
And some say Qatar bid would kill us...
If AC Millan is anything to go by, yes.
Leaving for a night shift feckin bored after reading pages of bollox about state backed or state funded.
Get back home this morning. Same shit, about whether 17% is enough... Then I stumble on this "gem" post.
Mate, just focus on football. Write about footie. Feck politics. And if you find some balcan players for transfer thread nerds, just do it. They will love you. I have one. Azeez Osenni. He is a Kante clone. Coming from Spartak Trnava. Will do a report about this midfielder shortly.
i didnt even know they were going for full ownership?
these cnuts funding the glazers is my worst nightmare though
They give vultures a bad name.
Don’t know about sharp. I remember the black banners in 2005. Glazers didn’t give a toss about it. They won’t give a toss about any reactions this time around either. It’s different with Al Thani and Radcliffe. Al Thani is out to conquer England by the pound, Radcliff is maybe after a memorial. I think a problem is that so many have longed for ousting the Glazers so long, it’s difficult to muster up a reaction about any potential bidders. Getting used to City winning the league every Year on 100 points must also have worn quite a few out. There is a big trend going on about ‘being moral’ and the polar opposite ‘not being moralistic’, which weakens people’s sense of what is moral to do, I think.
Supporters joining up with Amnesty International to make joint black banners with concise criticism of the Al Thani rulership, I could join in on that. We have proud traditions at the club of loving United and hating the ownership. There is no reason to change that tune just now.
What has that got to do with the question I answered?
Glazers probably think a partial owner is going to front them 1-2 billion and simply let them go back to running the club. In reality anyone putting up that much will want extensive decisionmaking powers. Any random person can see how the Glazers run the club and can already tell they didn't buy the club with their own money.
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And if it all goes to shit, they will sell off Carrington, OT slowly to pay off the debt.
If we go down this road we need to learn from Laporta how to create financial levers for Man Utd. Glazers debts are already bad enough.
The Financial Times cant even confirm how much his dad is worth but here we have @Infra-red on Redcafe confidently giving a range that has been stated to very very conservative or his actual worth to many multiple times the reported figure.
The man was a Foreign Minister, Prime Minister and Chairman of the QIA for a period spanning 18 years where Qatar started, under his direction, to branch out and start investing in the West. He obviously corruptly linked his country's investments with his and not many people actually know the extent of his holdings.
The interesting thing is that you have been hiding behind the 'obviously its a state backed bid' to now oh his father or himself couldn't be rich enough. When are you going to admit that you don't like these bidders because of where they come from and nothing is ever going to bring you around.
Its possible they are state funded but its also possible this is an entirely independent bid funded by a very rich family looking to branch out of Qatar and buy some visibility that would make them politically untouchable or too exposed to mess around with for their cousins in power.
Because you went on a sanctimonious rant and then asked an obvious question. Everyone understands what and who they are, but this line in the sand you're drawing is completely imaginary. Also for what its worth, the people who have died at the hand of the Qatari regime in the entirety of its reign are about a week's worth of Iraqi citizens killed in the U.S invasion. A life is a life regardless of if the regime sanctioning the killings is authoritarian or democratic. Scary buzzwords like "dictators" or "authoritarian" don't make their human rights violations worse than those of the U.S or Britain.
I hope the Glazers don’t stay on as owners with some investors supporting them. That’s clearly the worst outcome - they’ll bleed us dry and continue to take out dividends as usual.
Interesting, seems to imply this is an independent bid. I guess we'll find out more in due time, but for now, people may reconsider their strong objection to this bid due to the perception that it's state backed
Thak you, I've put him on ignore.
How will it affect the club's name/identity? In what way?
As long as he/his father have enough to buy the club, clear all debts and improve the infrastructure that's fine, we can live on our own after that.
The debt must be removed with no new debt.
I said the same thing in my post
I guess you just have to ignore my post to continue in your fantasy world
Essentially they want to give someone - anyone - a Massive loan. Being it for a majority stake or for redevelopment etc.
The parasites will then eat us up. And for some reason, my instinct says, the Glazers would be happiest with this arrangement.
Nah.
Our infrastructure is in shambles and the club is losing money. Meanwhile Chelsea are spending big money, Newcastle are set to do the same and we all know that if Qatar doesn't sign us then it will set its sight on someone else. We can't compete against that. Financially its time for the Glazers to go. They will probably threaten this nuclear option not to make them look as desperate sellers but that is all.
I am more worried about some new bidder whose stupid enough to sleep with Elliott just to make up the money needed to buy the club/rebuild the stadium. Which is why Qatari bid with its unlimited money is the most desirable.
I wonder if these guys were involved in the sub-prime mortgage crisis back in the day?
I completely agree that it is time for Glazers to go.
My worry is that with this option of taking Elliott's money on(more debt!), they will jump.on it. Maybe, Joel and Avaram to buy out the other Glazers and keep control on the club.
The f@-ed up thing about the situation is that no one ( fans, UK government, financial markets) have any mechanism to prevent this.
Joel and Avram can't afford losing control over their asset to Elliott else their money will be tied to something they have no control off. Thus the Glazers can only sell a minority stake that will keep their control over the asset. In such circumstances United do not generate enough money to keep itself competitive. Things will get sillier if they try to address the infrastructure issues as well. Arnold himself said that there's no guarantee that we'll have the money needed to spend in the summer.
This is a negotiating tactic from their part. Sellers don't want to look desperate when selling an asset else they risk to be lowballed.
I am more afraid of a consortium being desperate enough to go in bed with Elliott so they could gather the necessary funds to buy United.
The only option is to give them a price that they can't refuse. Something that makes no investment sense.
The concept of "state ownership" invalidating or tainting success has always been, and will always be a stupid one.
Anyone in bed with Elliott and the likes is really bad news for us going ahead. As you say, may not make sense for Glazers, but someone else might take it up.
Which is also the reason why i cant fully get behind the SJR/Ineos bid. Unless, they come out clearly as to what happens to our existing debt repayments and the new debt that Goldman sachs/JPM lends to INEOS for this.
We are caught between the proverbial rock and a hard place, arent we? No one who puts up 5Bn upfront will do it for the love of the club, but for some returns. Other than people with questionable wealth to pursue a hobby/agenda!
Says the man who founded a public companyI said the same thing in my post
I guess you just have to ignore my post to continue in your fantasy world
Says the man who founded a public company
what does that mean?
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