Exactly. It’s a confidential process with NDA’s involved etc.
Little to no updates are expected
Club Sale | It’s done!
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Little to no updates are expected
I love the way people just casually add 1 billion to figures as if their logic is like well, 5 and 6 are numbers next to each other
Mate they are not selling right now
They’ve hired the Raine Group for a sale and have some of the most powerful people in the world interested, they’d look like absolute mugs if they don’t sell now
That being said my ass is twitching because you just never know with these idiots
This will be the biggest sale in sports and they know it. Anyone having doubts should just stay calm something involving these kind of sums won't happen in a flash. They have no other options than to sell.
Mate they are not selling right now
Indeed, this thread is starting to remind me of the De Jong thread, where everything was cloak and dagger, and strategy. And in the end it was the word of his missus. And levers, of course. Lots of levers.
If they aren’t selling why does the Financial Times literally say bidders will get access to detailed finances next week? The headline says they’ve told bidders to “up your bids” - of course it’s a sodding negotiation.Mate they are not selling right now
They’re obviously selling, you’ve either got to be thick or a wum to not see that. Those expecting this to happen quickly must be children.
I think you need to make a distinction between the Glazers and the club. The club is losing money, the Glazers aren't really. Yes, in some sense, as owners they're losing money. Certainly, the club's losses are restraining their ability to take money out of it. However, the Glazers aren't losing anything. Not unless they have other, outside, investments depending on United. However, the fact they just bought a cricket franchise suggests they have ready cash.
To some extent that supports your overall point: The Glazers aren't really losing anything from United going to the dogs. So they don't really need to sell it. Especially if they believe that United can get it's costs under control e.g. Ronaldo out, DeGea cheaper contract and it's revenues up.
The Glazers have never shown themselves to be patient investors though. It could take a couple of years to get United's finances back to where they can take lots out every season. Their lack of patience makes me feel they'll take the money offered now, rather than patiently wait for Richard Arnold to fix things.
But this is how it’s done, just because bids have been made in no way means they have to except the bid. It’s also not flip flopping like a teenager. They asked Reine to see what the possibilities were and they’ve done that. Ineos value United at a certain price and the Qatari value it at a certain price and are serious buyers.
Its always been said their main target was outside investment. The opportunity is there for that now. I hope it isn’t the case and they do sell, but I’m not getting my hopes up. They’ve clearly maximised the profits from United in its current state and only way to improve on that is major investment.
Anyway United will still probably be worth 5bil in 4 years time or even more if they get the investment in. Talk of a rejuvenated super league, new Tv rights, hopefully a successful team, their is more money to be milked out of United yet.
As for false down, for me this team is already looking a million times better than what Ole and Jose produced. We might win nothing this season but given the style and ability of the team now for me it’s surpassed the level of the Europa and finishing 2nd.
We might lose tomorrow but from what I’ve seen this team isn’t far away from properly competing for big titles so again with an investment firm offering what they are, why would they sell. They’d probably be stupid to really.
Hopefully they are just more fed up with the hatred and stuff put towards them and would rather just sell for personal reasons. Here‘s hoping they do sell, because like I said this team already looks like it’ll be in a position soon to be a European threat.
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I really really hope we go on a poor run of form from now until the end of the season, barely making the top 4 but winning nothing else. Short term pain for long term gain.
Mate they are not selling right now
and by the same token the Glazers could announce they have agreed a sale and folks in here will say it’s a bluff and they are seeking investment..
They already had access to those before the first round of bidding. As every potential bidder needed to sign a confidentiality contract.
People need to relax and stop believing every single story. Stories from reputable sources are the only ones that hold a bit of weight.
I don't believe they had access to the data room until the indicative bids went in last Friday.
Nope. They had access to initial information. The next stage is then getting detailed full access to the books. This was outlined by the times, telegraph and Keegan before the soft deadline and has been outlined in the FT piece today.
I bloody hope so. Make him feel uncomfortable
Nothing new here. The only thing is that Qatar's bid is basically our enterprise value.
They were always going to increase their bid and hopefully that's enough to smoke out the cnuts.
I agree but feck me I’m all in if that’s the case and I own it via some sort of magic roundabout scheme.
Regardless of the result, “we want glazers out” will be loud and clear. You can guarantee that
I think we will see the full sale before the month of may. It’s all about negotiation now and in the end we will learn more about this part as well. I don’t think the media knows anything about the parties involved except Ineos and Qatar. Even if true that this is only a two horse race, it is still about getting the best deal possible for all parties involved. I think it’s more than a two horse race though.
How are you even supposed to put forth a provisional bid if you don’t know the financial state of the asset, Think it was the times that reported on the fact the Saudi consortium had signed the confidentiality agreement to see the state of the finances to be kept in the loop if they wanted to make a bid.
That was at least 2 weeks ago. I mean I could easily be wrong, by no means a financial expert or like I spend my days discussing multi billion dollar transactions. Just going off of something I read a few weeks back.
Edit- many pointing out they probably had access to some sort of limited figures and this is now a more detailed version of the figures. How much we spend on grass seed and bleach for Garnacho‘s hair and so on.
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It’s looking likely that the glazers sell. If not why are they moving on to the next stage with the offers.
They already had access to limited financial information, but the next stage data room is reportedly enhanced with more detailed information.
I would agree with those who have said you can't really believe much of what you read while this process is ongoing - a lot of it is sure to be disinformation to further various competing negotiating positions. It's possible that at least some of the Glazers will remain, but you can't put much faith the reports about their intentions at the moment.
Long way to go.
Yeah, I don’t believe anything will happen this season anyway. Maybe the summer if we are lucky and they do decide to sell but see if they get the investment and stick around I’ll be gutted.
They had access to initial basic financial information to make indicative bids with proof of funds. Now they will get access to the detailed books and the real bidding will begin.
I’m pretty confident whatever is or isn’t happening will be finalised by the end of this season.
That’s what’s been said pretty consistently by all sides.
I see, I edited my initial response. I’m going to shut up now anyway as I know nothing of big buisness.
I know sod all too - but what the FT has said is happening is exactly what was outlined by the Times, Telegraph and Keegan who have all broken exclusives during this process - only it has added a bit of Glazer spin with the “we have financing to stay, we’re not in a rush and we aren’t under pressure to sell” bit - AKA write me a cheque with lots of zerosI see, I edited my initial response. I’m going to shut up now anyway as I know nothing of big buisness.
This certainly has the potential to be an even bigger saga than the FDJ thread.
The stakes are much higher to be fair!
When the media talk about 6 billion, do they mean for 100% for the club or just 69% that the Glazers own?
Does it include all the debts ( approx £900 including bank overdraft)?
Everything they get now is all profit, after they have received dividends and sold shares to th New York Stock Exchange.
Normal people, like most of us fans, would be more than satisfied for 4 billion, but that’s why they are rich (and greedy b*******)
The worse thing is that they have all the leverage! How can we force them out, boycott only hurts us really, when there’s waiting list of 135,000 for season ticket.
Does it include all the debts ( approx £900 including bank overdraft)?
Everything they get now is all profit, after they have received dividends and sold shares to th New York Stock Exchange.
Normal people, like most of us fans, would be more than satisfied for 4 billion, but that’s why they are rich (and greedy b*******)
The worse thing is that they have all the leverage! How can we force them out, boycott only hurts us really, when there’s waiting list of 135,000 for season ticket.
They're very lucky the Qataris came in, $4.5B is already very high for a sports team (record 4.6b) and Ratcliffe is no mug, he likes buying things at a good price.
The Glazers greed (continuous) could well see them not sell. $5b+ is a massive price for a sports club.
The Glazers greed (continuous) could well see them not sell. $5b+ is a massive price for a sports club.
It'll be over with before the end of the season
Can’t argue with that, well said.
Crazy takes in here
Think you need to go and lay down for a while, mate.
Jeez, are you serious, we've been on a long run of poor form until this season, and you want it to continue
The only way the Glazers are staying is if someone is mad enough to include them in a package bigger than what Qatar is offering. If Qatar wants United, they wont stop at the first offer. This isnt a Frenkie De Jong saga. Its a major asset and billions of pounds. If they Qataris dont get us, then they clearly didnt want us that badly.
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