Quite the opposite, otherwise they've had just said they're staying
Club Sale | It’s done!
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Quite the opposite, otherwise they've had just said they're staying
The reality is what information we know, probably 5% of it is accurate. And we have had hundreds of pages of discussion based on the 5% of crumbles.
But the upside is that it's not a morality, religious or political debate. I think we have finally exorcised that out of the thread.
sounds good to me, no bidding war
Quite right and it makes for a much healthier debate for sure.
From what we do hear about the sale, we have to remember that there is probably a reason it is being put out there. We can't be sure of accuracy of any report really unless it's quantified or direct from the source I.e. a club statement.
Correct me if I’m wrong but didn’t the Qatari guy say he would increase his offer if needs be or something along those lines?
In fact, sources said that they won't "dance to the Glazers tune" on price, which sort of indicated to me they knew these rumours of them staying would happen. They were preparing to haggle right from the off
I'd understand Joel and Avram as th eldest being attached to their Dad's biggest accomplishment. But it seems to me their business model was perfect with Sir Alex because they achieved the success that their investment had no right to attain but wheels came off in Woodward's Galactico era and they didn't have the vision to bring a football operator that could build a scouting system to return the club back to profitability.
Now they are investing CL winning outlays for a top 4 result, it was bound to catch up and it looks to have finally done so. With the club no longer in the conversation for the top honors it was bound to reflect on the value of sponsorships, Nike jumped but Adidas were on hand but will they be at the next round of talks?
Fans are also making it a chore and I wonder how the club as an investment is outperforming the market or other options. Getting $30m a year for a $6b asset doesnt sound like good economics to me. Of each sibling was to get a billion and they both invest it in Apple, who would be ahead in valuation - the ones who stay to sell United for $10b in twenty years or the ones who walked away?
One thing is for sure, if the Milwaukee Bucks are selling for $3.5b the Glazers are right to hold out for more but at the same time the need to be careful that they don't push away the few serious bidders they have. Qatar could buy the next available team, Sir Jim could just focus on the ventures he has and what guarantee do they have that ten years from now they will get more interest and better offers?
The reputational damage they'll endure were they not to sell now would be too much. Especially at that level a person's trustworthiness and word means a lot. Technically they've never said they were definitely going to sell but they've allowed rampant speculation to the point where their silence is an endorsement and certainly multiple bidders have interpreted that as the intention.
Backtracking now would cause them so much scorn and distrust amongst their peers and impact their dealings across ALL their business now and in the future that I no longer think retaining any kind of controlling ownership of the club is an option realistically open to the Glazer family any more.
Backtracking now would cause them so much scorn and distrust amongst their peers and impact their dealings across ALL their business now and in the future that I no longer think retaining any kind of controlling ownership of the club is an option realistically open to the Glazer family any more.
I get the comparison with the Milwaukee Bucks but there are a heck of a lot of football teams you can buy while only 32 in the NFL, they also have wage caps and even local governments paying for stadium.
Of course not many teams have the same stature but if the whole point is sportswashing with a relatively big team then you could just go buy Spurs.
Yes, he has significant wealth, I would imagine he could match any price set by the Glazers.
SJR not so much.
However, the initial deadlines were for intentions to bid, now the Glazers and Raine will have to open up detailed financial information on the club IF they deem the buyers serious.
There is some confusion in the media.
I believe there were reports that the soft deadline was a couple of weeks back whereas there would be a two week period where additional time would be given to make offers.
That would be done by Friday.
After which the Raine group will filter serious bidders from the chancers and poor investment deals.
Then the serious bidders will be allowed access to the information needed to make an official offer.
Id hang my hat on next Friday.
It could be fairly quick process if there is only one or two serious offers and then it will be a case of the highest bid wins.
4.5bln is an opening offer is very strong, but I imagine it will go up to 5/5.5 in which they will likely sell but if they are particularly stubborn and we know they are, it may be more likely 6bln, if so I imagine a sale will take place in the summer.
Also I think we are headed to a summer takeover anyway.
I think the Glazers know it and the bidders have most likely asked for it, there were rumours online that Qatar would prefer a summer takeover rather than now, as logistically it would be a bit messy and would disrupt the season significantly with changing of staff etc.
I actually believe its a done deal to Qatar and all of this is negotiations on final price and the agreement of a summer takeover in place already if they match the Glazers asking price.
In the meantime the agreement is they will court other options and offers in the occurrence they get better terms or offers (which both know is unlikely).
It was the best bit of business they did at the time for themselves and they are set to make a massive amount of profit on their investment and they have literally put none of their own money into the club. They leeched off the clubs cash reserves for years, but the well was always going to run dry eventually I think, even if we had remained successful, it would only probably have delayed the inevitable.
Sponsorships is a big one, because it's not just related to on the field success anymore. The Glazer name is now tainted, so any potential sponsors will be put off, even if success picks back up again. Look what happened with Team viewer as a prime example.
At the end of day, let's say Joel and Avram do still want a stake in the club. it's 4 Glazer siblings who want out versus them and whatever you think of them, you're 100% spot on that they should be pragmatic enough to realise they might not be able to attract nearly the same offers for Utd if they were to stay. The potential for growth is now mostly dependant on them not being there.
So on the one hand you have Qatar and Sheik Jassim playing hardball - they want all or nothing so I guess they either increase their offer or walk away.
On the other hand SJR said ages ago he would be interested in talking a share of the club with a view to taking control down the line. If the Glazers are serious about staying that might be the best way forward to at least get the wheels moving on shifting them out of the club. My worry they’re given the current narrative would be that SJR gets labelled as ‘glazer-enablers’ and tarred with the same brush as the current owners. If he were to take control eventually this would be held against him indefinitely and we might end up with a similar situation to now, just a different name being chanted.
On the other hand SJR said ages ago he would be interested in talking a share of the club with a view to taking control down the line. If the Glazers are serious about staying that might be the best way forward to at least get the wheels moving on shifting them out of the club. My worry they’re given the current narrative would be that SJR gets labelled as ‘glazer-enablers’ and tarred with the same brush as the current owners. If he were to take control eventually this would be held against him indefinitely and we might end up with a similar situation to now, just a different name being chanted.
Yeah, the reason they are selling is because its the perfect time to do it.
They have hit a wall. Their neglect of the club has finally brought it to the point of it being a poor investment for them barring a miracle.
They need to invest massively in the infrastructure. They need to stop taking money out of the club. More and more oil money is coming into the league putting their "top 4 is all we give a shit about" business plan into doubt.
And the icing on the cake is that we finally have a good manager and are on the right track in a few other areas so our value has shot up on the hope that we are on the mend.
There is unlikely to be a better time to cash out than now. They have run the club atrociously and are still set to make billions. Cut and run before your chickens come home to roost in earnest.
Anyone buying the club isn't going to want these cnuts anywhere near it or with any serious share.
Not to mention they would piss off the one bidder in the ME who is still giving them an audience. Remember the Saudis at one time wanted to buy them out and they refused which led them to Newcastle, if they drag it out whats to stop FSG or Kronke offering the Qataris control of a big PL club at a fraction of the price without the need for a new stadium or debt repayment?
In my opinion they lost the club when they failed to right the transfer wrongs of the LVG-Mourinho eras and basically continued on the same trend resulting in them blowing another £400m on Ole for nothing. If they had appointed a DoF, spent the transfer money more wisely they would have not only saved money but they would have enhanced the club's revenue. Now we arent even guaranteed qualification into the CL, still need about £200m of talent to complete yet another rebuild and all this while the stadium was crumbling and now in need of major investment.
It wasn’t directly from the Sheikh himself. It was just reports suggesting he’d be willing to increase the offer.
It would be silly of a prospective buyer to say “Here’s my bid, but if it ain’t enough I’ll give you some more.” That’s terrible negotiating.
Yeah almost certainly this is the case.
There's a reason they've put the club up for sale in the first place let's not forget, the way they've ran the club is unsustainable. The Super League was probably their last chance for long term ownership.
Malcolm bought the Tampa Bay Buccs for $192 million under some strange circumstances from the previous owner's son, after the owner died. Its now worth well over $3.7billion.
insider knowledges
Lets hope the Glazers dont listen to Talksports:
Then we see the giant smile on that ghouls face.
Guys please I’ve got a few questions I would appreciate answers to.
1. Considering the glazers are split on selling the club is it financially feasible that Avram and Joel can seek financing to buy out their 4 sibling ?
2. If yes what are the possibilities effects of that decision on the club.
3. If the Joel and Avram decide to sell their siblings’ share and maintain their own shares how does it benefit those two financially.
Thanks in advance
1. Considering the glazers are split on selling the club is it financially feasible that Avram and Joel can seek financing to buy out their 4 sibling ?
2. If yes what are the possibilities effects of that decision on the club.
3. If the Joel and Avram decide to sell their siblings’ share and maintain their own shares how does it benefit those two financially.
Thanks in advance
Sir Jim wants majority ownership and he is, as would any other long term owner, well aware of the toxicity a partnership with the Glazers will bring. Watching how the Glazers have run down a major sporting institution no one in their right mind is buying equity to enable their continued control and thus tying his billions to their incompetency.
The supposed minority offers are just a narrative meant to drive up the price in my opinion. They know they have a big hitter interested, and the the Qatari didn't do themselves any favors by showing their hand too soon and too publicly, so they are going to try and get as much money out of them as possible. The limited interest will tell them that there are a few investors interested in a football club at those stratopheric prices.
Like others have said, there is totally no need to continue with the process if they have got the minority investor they needed. They could do an FSG and call a halt to the process and remember FSG, if I remember correctly, didn't go as far as appointing an investment banker to lead the process. They want out but they want out at an eyewatering price.
If the Glazers "hold on" in the hope that the club is worth closer to $10bn in a few years just who would buy it? You see now at the current value that there are not many feasible buyers, and if you double the value that would almost certainly exclude Ineos. So we're left with the Qataris? Who would most likely be peed off if the Glazers stay, and therefore no longer interested. It doesn't make sense to stay and if they are being advised to stay then someone must have nuts you can see from space.
I like Pepsi better though
Pepsi > Coke
Diet Coke > Diet Pepsi
Anyway. Its all haggling and negotiation tactics. Think of player sale between 2 clubs but on a club level. Will take some time and be completed within a few months.
Where do you rank Pepsi Max?
Exactly, they can’t afford a huge loan and if they secure it against the ground or training ground then that’s just devaluing their own shares. You do that as a last resort not in this scenario.
And what does any new investor get out of all this. Joel and Avram just want to cling on, they have no pedigree as successful owners and no money to put in. Is the new investor going to bankroll the club and let the other two leech off of them. Or just continue the status quo which has no potential for growth and makes it very difficult to get any kind of return.
Sky replayed the United Villa league cup final (Stephen Warnock loser), and the chants of Glazers out can be heard clearly.
Agree.
If they came out this afternoon and announced they weren't selling, what would the unprecedented levels of protest consist of?
Unfortunately because of how well the team is performing, most fans won't want to do anything that risks derailing this. If this had been happening last season then fans would have been more inclined to vent against the owners, however this season we have a realistic chance of major success.
Definitely has to be period of haggling with the approved bidders. They will also be able to see every little detail about United’s finances.
Wonder how that will go?
Wonder how that will go?
This is a point well made but Man City are closer to Cherry Cola than Pepsi. Liverpool are Pepsi in this comparison imo.
New bidder makes alternative offer that would see Glazers STAY
A new bidder has entered the race for Manchester United, with Genevra Associates expressing an interest in taking a minority stake in the club, with the Glazers staying in control
A new bidder has entered the race for Manchester United, with Genevra Associates expressing an interest in taking a minority stake in the club, with the Glazers staying in control
They can get to feck with their minority stakes!
I ask again: How does a minority stake sale realistically work with the Glazers involved?
In some cases the current owner of a club might sell shares and reinvest the capital into the club on a stadium etc. If the Glazer's can raise significant stadium money (£1bn plus) they are absolutely 100% definitely unequivocally undoubtably keeping that money to themselves. Which makes the whole "strategic alternatives" stuff null and void. They won't get more for United than they will now without investing their own money (into the billions) into the club. Minority sale does not work!
In some cases the current owner of a club might sell shares and reinvest the capital into the club on a stadium etc. If the Glazer's can raise significant stadium money (£1bn plus) they are absolutely 100% definitely unequivocally undoubtably keeping that money to themselves. Which makes the whole "strategic alternatives" stuff null and void. They won't get more for United than they will now without investing their own money (into the billions) into the club. Minority sale does not work!
With the new regulations coming in, even a lot less buyers than now. Can probably rule out most of the Middle Eastern potential buyers.
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