The family has a total voting power of 95.6% which breaks down as follows.
Joel 19.11%
Darcie 18.15%
Bryan 17.23%
Avram 14.38%
Kevin 13.77%
Edward 12.99
Obviously they don't own 95.6% of the club anymore, think it's around 69%
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
The family has a total voting power of 95.6% which breaks down as follows.
Joel 19.11%
Darcie 18.15%
Bryan 17.23%
Avram 14.38%
Kevin 13.77%
Edward 12.99
Obviously they don't own 95.6% of the club anymore, think it's around 69%
Is there a scenario where the Glazers just do not care about the stadium development and do not take out dividends from now on?
In theory if they sanction a transfer budget of around 200 million every season to make our team competitive, how would this impact our club?
In theory if they sanction a transfer budget of around 200 million every season to make our team competitive, how would this impact our club?
Yeah its guessing, but from we do know Darcy is fecked and needs to cash out. So their three siblings. Thats why Reine Group is involved. She has personaly hired them. She is one of the of the more clever people of the family. Their private businesess are tanking.
Elliott offers the going rate, about 2,2-2,5bil to the four Glazers leaving. Astonishing offer considering they never put in a penny - it was all fathers business. I dont reveal my source, sorry. He works for NY bank not involved in this transaction but knows whats going on. As for now - 49% shares of United will be shortly sold for up to 3bilion dollars.
There's talks of a second round of bidding going to start soon but here you are talking about Elliot giving the Glazers siblings 3bil to cash out? The loan cannot be put on United, so how will the Glazers actually service it unless they sell off OT and Carrington for starters.
Also, Elliot offered that Chinese guy terms of 15% interest to buy AC Milan when debt was actually cheap, but somehow will give Glazers better terms when debt has become so much costlier?
Yeah, I call BS on this. Either you are just wumming to get attention (highly likely considering you said in an earlier post that they have 2bil in reserves in liquidity and now contradictorily claim they are practically broke) or ... nope, you are definitely wumming.
Last edited:
the siblings who want out would be even more annoyed then you’d imagine
I just think they’re leaving. This must make up 90%+ of their net worths. Imagine being in your 50s and having the chance of that payday and one of your brothers is like nah let’s wait another 10 years. You’d be having none of it.
This likely goes back to the Superleague stunt. There were reports at the time players like Bruno/Maguire went after Woodward on it as they were livid. May add to Maguire blanking Avram on the podium aswell
Don't they also own the Tampa Bay Buccs? Surely that's got to be worth few billion too? And generating a few hundred million annually in profits?
What’s killing me is the random Spurs fan asking “so will he turn to Tottenham if the Man United bid fails?”
Fails in buying a La Ferrari so goes straight NissanYeah, was wondering if it was him but aged quit a bit or just an older lookalike
I was under impression not all those siblings are involved there, but I might be wrong
either way, most of the net worths are tied up in illiquid assets (United and the Bucs) and I bet they're desperate to get some out
Tbf he did authorise DDG getting £300k plus a week, I’d be like “you disloyal piece of xxxx” too
Yeah I know. If he ignored Avram it means he ignored Fergie. Can only say he ignored one if he shook the hand of the other
I wouldn't call them useless. Clueless? Yes. But they own the Bucs in the States. They got Tom bloody Brady and he won his last career title with them (of course, with salary caps outside of baseball, it's not as easy to mismanage a sports team like it is everywhere else in the world)
It was a media circus for 3 years with Brady as their star player. Their head coach resigned. Brady retired. Then unretired. Then retired again. And I bet the Glazers adored it because all eyes were on their team, for good or for bad. They brought in "big" name players who are fading quick (Julio Jones comes to mind) and didn't help replace injured players during the season with free agency who were clearly done for the rest of the season. (Sound familiar with United?)
Love it or hate it, but Robert Kraft is a much more savvy owner (NFL owner - Patriots) than the Glazers. Even if he likes a bit of the forbidden massages at his local parlor. BUT he hasn't had eyes on his team the last few years like Tampa Bay has.
Because they don’t understand the game. They don’t understand why everyone else doesn’t just want have it on easy street.
If this is correct, the 4 wantaway siblings collectively hold 44.84% of TOTAL SHARE, while Joel and Avram hold 24.16%, and the remaining are floated in NYSE.
A Chelsea situation that happens in American sports doesn’t have nearly the same catastrophic effect.
Can these rats just feck off already
This will sound absurd if you don’t follow American sports, but the Bucs have been in their family for a while so I think they do have some type of emotional connection to the team.
"Wait, I don't get any bonus for winning?"
I'd say that is a conservative figure but let's go with that...
What I wanted to know from the poster I replied to, if Elliott buy out the four siblings for £2.3bn, are Elliott a partners for Joel and Avram, or have they borrowed them the money? And I read interest rates would be of up to 15% on the borrowing.
So if they borrow the money, how are they going to pay it back? The club is already making a loss of around £2m a week. How will they fund the squad development? We just about afforded loans in January.
If Elliott are partners, what are they getting back for their money? The B class shares sold turn to A class shares, which only hold 1/10 voting rights of the B class, which Avram and Joel hold. So more likely than not, Joel and Avram still call the shots. However, even if they don't, where does the extra funding come from to reinvest into the squad, stadium, Carrington, etc.
However, the poster keeps avoiding my question when asked.
You keep saying this, it's not grounded in reality.
Have you looked at the clubs finances and books?
They literally can't just keep lifting the 30mil you keep banging on about, club has zero cash reserves, needs huge investment, their is literally no sound logic for thinking this is all a ploy and they are really going to pull the plug and stay, the scare mongering is WUM'ing
I don't know if DeGea consciously ignored him but he's been at the club for 12 year he'll have definitely recognised him.
I wouldn't want to be associated with them, look at the shit Rooney got this week for saying they were 'good owners' for backing managers. It's not even worth shaking his hand in public.
I suppose it's possible that the 4 Glazers who want to sell up have got the Elliot offer involved to try to force Joel and Avram to sell up to Qatar/Ineos. I doubt the 2 Glazers want to work with an investment fund who would have more control of the club than they do.
Damn that would be absolutely dreadful for us. Could completely set us back
Yeah having been at the club so long Dave will also be very aware of the fans feelings towards the Glazers.
It's bullshit, Avram/Joel hired the Raine Group in an attempt to prove to the others that United are unsellable at the price they value United, and therefore should be kept within the family for longer. The only way they will sell is if they get close to the valuation they're asking for, if that doesn't happen then they want minor stake to replace the other siblings who don't want to own the club any longer.
This is being overlooked but we know what government regulation will look like and the items being touted will affect highly leveraged clubs like us and it will more than likely make it difficult for the next ME or hedgefund buyer. The time to sell is now hence bidders going into the next round. The Glazers missed a trick with the Saudis, I doubt they will repeat the same mistake with Qatar.
The ongoing conflict with the fans will no doubt affect their ability to strike deals and any announcement of their stay will turn the fans more toxic than they are now especially if it involves any form of partnership with a vulture fund like Elliot. No sponsor will want to be associated with such noises and in this social media era fans can even invade the social media platforms of would be sponsors. They will negotiate the next round of deals from a position of considerable weakness.
We shouldnt rule out potential conflict with those who want out. United's valuation is based on brand power but the way our most lucrative deals (tv deals) are structured mean that our finances don't reflect that at all, if United were selling their individual rights they could justifiably get unreal figures but that's not happening anytime soon. So our financials don't support anything close to a £6b valuation so if Joel and Avram were to hold out, what are the chances of the other four rebelling?
He’s not wumming just badly informed.
Second round of bidding is this week.
3bln of debt on top of 1bln currently is not a good deal.
Any lender knows glazers don’t have the cash to keep it going as it stands and therefore are desperate if they want to stay.
Most likely scenario - selling.
Market share ranking based on rumours of them staying shows public opinion and represents a risk to lending - terrible terms.
Darcy is not personally hiring anyone to sell United, she is a minority shareholder. Avram and Joel are majority.
Mike Keegan who has been on the ball suggests second round of bidding will open , if so, no pre arranged deal has been made.
Ultimately read between the lines.
Media game/ situation to up the bids.
We definitely put a few to sleep when Van Gaal was manager
Lots of talk of them staying now. They got a good thing in ETH and want to stick around.
going to be riots if they stay
going to be riots if they stay
Still expect them to go. They’re just looking to bleed the bidders dry.
How will they fund EtH's team?
You'd hope, but I think probably not.
They only care about fan protests if it affects their wallets. It needs more than protesting outside the stadium, which the Glazers probably wouldn't even be told about, much less care about. But because of the court cases after the Liverpool postponement, I don't think you'll get fans on the pitch and the postponing of any more matches.
Think you’re wrong about that, you’d see unprecedented levels of protest if after all this they try and stay.
Yes, I think the biggest problem Glazers have got is the maximum they could sell is 28% of the club in order to still retain control of the club with 51% of the shares. If they value the club at £6b, they would have to sell the 28% for just under £2bn. I’m not sure that’s a great deal for any buyer considering how much money is needed to rebuild/renovate OT and the training ground. Not sure it will be a great return any time soon. It really only makes viable sense if someone comes in with silly money and who would take full control and not necessarily be looking to take profits.
Agree, I think it would become seriously toxic beyond what we’ve seen before. All this time Utd fans have accepted the Glazers aren’t going anywhere. Then to be given hope by them by saying they are selling and then to stay would create some serious animosity.
As great as ETH has been, we are not going to go progress to the level we aspire to be at with the glazers still here. The fans know that.
The market currently values the club at 3.2bn. The value soared on the stock market with rumours of a takeover but a billion has been wiped off the stock market value in recent days amidst rumours the Glazers wont sell.
The greedy bastards want £6bn almost double current value. I can see this dragging on into next year.
The greedy bastards want £6bn almost double current value. I can see this dragging on into next year.
Not sale related but
To be fair he looks like a grown up Gollum, you wouldn't shake that creature's hand.
- Status