Club Sale | It’s done!
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No the two bids are for controlling shares only. The Glaziers only 69% B voting shares and they are looking for £6bn for these, assuming that the debt must be paid but does not need to be as the company is a listed on the New York Stock exchange. Both parties, I’m assuming have bid to buy all of the six siblings combined shares of 69% and Ed Woodward 0.5%, if the Glaziers and Woodward agree, then the new controlling interest would be either SJR or
Shekh Jassim.
SJR would if he took Control continue to keep the club listed on the stick exchange and still be accountable to the shate holders that hold A shares, so his cost would be £4.3bn plus ineos then settle the debt of the club and inject a working capital from Ineos as man United PLC would be a division of the Ineos Holding Group. United would basically owe an inter company loan to the parent company, not ideal but better than a leveraged buy out like the Glazier.
Shekh Jassim bid is different, after he has bought controlling shares he would like to buy all the other shares so he controls 100% of the club probably costing him another £1-1.5bn on top of £5bn he paid for the 69.5% voting A shares, taking united off the stock market and making it a privately owned club again.
So after agreeing to pay off the £620m debt, redeveloping the stadium and then invest another £400-500in squad and infra structure at Carrington this investment could genuinely be £8.5-10bn, that’s why his father said I don’t think it’s a great investment because it isn’t, the Glaziers have run the club into the ground and should do the honourable thing and just leave asap, what makes this worse is should Qatar up the bid to £5.5bn then not only do the parasites walk a way $1bn each minimum but Ed Woodward gets £27.5m as a pay off let that sink in !
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Poor form
Shane was busy at the store buying some tartan paint and a long stand.
The debt of £620m does not have to be settled as the new bidders are simply looking to replace the Glaziers by buying them out of their controlling shares.The company would still originally still be listed on the New York Stock Exchange. .
Given the latest financial report and loss of £120m on last year accounts it would be prudent to settle the debt and stop burdening the club with crippling interest rates which are on the rise.
Anyone surprised by how bad The Athletic have been throughout this?
I’d generally find them the best to follow but they’ve not broke anything. Keegan (who I’ve always found shite for transfers etc) in fairness has been first to all the major developments, with everyone else following
The Athletics covering of it has just been to push the Glazers staying with nothing to back it up and no reason given why they think that. And Dan Sheldon very clearly is a blue and you can see his United hatred in his writing
I’d generally find them the best to follow but they’ve not broke anything. Keegan (who I’ve always found shite for transfers etc) in fairness has been first to all the major developments, with everyone else following
The Athletics covering of it has just been to push the Glazers staying with nothing to back it up and no reason given why they think that. And Dan Sheldon very clearly is a blue and you can see his United hatred in his writing
The Athletic are probably gutted it’s looking like Qatar are favourites.
It’s a completely different area of expertise so it’s no surprise really. Not sure how Keegan has got the scoop though. Fair fecks to him.
Really hope Qatar commit to a new stadium.
Gate money is a small fraction of Utd income. Nothing in FFP says that owners can’t invest in infrastructure as long as it’s not the clubs money.
If you have Apple News it’s viewable on that.
TL
RIt’s a good article but doesn’t really commit. Says the bidder Dad has lots of money so not impossible that he isn’t state back but he is close to the state and most of the royal family support Man Utd and Qatar been waiting for United and only United.
Completely agree they havent had anything and every article reads the same with that line about glazers staying almost on repeat and constant dismissal of the Qatari bid.
I think they may have been hired or perhaps have some links to the SJR bid and have woefully misjudged the ideas of the fanbase.
Like I said earlier I don’t think they’ll be getting and scoops any time soon.
Why?
If Murtough / Fletcher and others on the footballing side are going to be active in meetings over the next 2 weeks, they might then have a direct reliable source and start getting a scoop here and there
Certainly can’t get much worse than they have been so far anyway. I don’t mind them saying they think the Glazers will stay, but explain why, what the benefits are for them.. anything. So far it’s just “they might stay” and that’s it. Ok so what about the stadium? How do they fund the running of the club? They explain nothing
Yeah agreed , it’s almost tacked on as a hysteria or selling point of the article at this point. It doesn’t matter what’s actually happening , add Hlazers may stay and you’ll get more reads and clicks.
Even keegan was at it today.
Then they've done Jim dirty. I mean at the time he put his bid in, there was a big article on his ownership at Nice and it wasn't exactly flattering.
I doubt the bidders see it this way. If they’re not impressed they’ll hire their own people, and I doubt it’s gonna make any difference
Please stop spreading lies.
You can literally scroll back through this thread a few pages and read it for yourself.
Let’s borrow that slogan, “the thing is happening!”
Ten Hag not Had is extremely competent ,?I’m not so sure about Arnold and Murtough are you ?
Can't wait until it's upzip and get the oil out time.
It is basically a meeting without much relevance.
In any takeover process the bidders will want to interview management. The dynamic can be a bit interesting. Current management aren’t always loyal to the old owners. But usually it’s pretty dull.
They will also 100% talk with the club’s auditor.
For management, it is a bit of an opportunity to display themselves.
Adidas in turmoil with £1.1BILLION of unsold stock... and they may have to 'literally BURN £450m' of Kanye West's unsellable Yeezy range, which could see them report losses for first time in 30 years
I bet the new owners won't get the £ 750 million, 10-year deal that will end in 2025 again.
Feck Kanye!
- Adidas left with £1.1bn of unsold stock after reporting its annual results
- Company counting costs having cut ties with rapper once known as Kanye West
- But German sportswear brand is hoping to hit back with a profit growth by 2024
I bet the new owners won't get the £ 750 million, 10-year deal that will end in 2025 again.
Feck Kanye!
Really the only one who is under threat will be Arnold. I doubt if they will touch the footballing side... for now. Its on an obvious upward trajectory.
Otherwise, Murtough wouldn't have had the confidence to hire so many people recently.
I’ve read the whole article and it was not mentioned at all that SJR would clear off United existing debt. You took one look at the title and decided for yourself that SJR would do just that. What a joke.
I understand your preference for SJR’s bid, but please don’t spread misinformation to suit your agenda.
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Murtough, Arnold, Fletcher, fairly sure they will be phased out on gardening leave if/when Qatar takeover and bring in their own top of class appointments.
Just like our transfer window.
Just like our transfer window.
Maybe the bids are closer to the £6billion range than expected after the 1st round. So it was better than expected. So now the Glazers are getting greedier.
Hilariously, the guy accused me of fanboying Qatar. Some of these people really need a mirror or five installed in their house.
Don't think this has been posted:
https://www.dailymail.co.uk/sport/f...hester-United-taken-sales-market-Glazers.html
They are getting it from Martin Lipton in The Sun, though. It looks like nonsense to me. It just makes the Glazers look skint if their position is they need a private equity firm to fund the Glazers improving the commercial operation.
https://www.dailymail.co.uk/sport/f...hester-United-taken-sales-market-Glazers.html
They are getting it from Martin Lipton in The Sun, though. It looks like nonsense to me. It just makes the Glazers look skint if their position is they need a private equity firm to fund the Glazers improving the commercial operation.
Whoever will fund them will be undertaking huge risks --- if this is the approach, you can imagine the millions of fans who will protest and boycott any United products & properties. They may never get their money back unless its backed up with the Glazers' shares. And that's risky for the Glazers too.
Its a double or nothing gamble by the Glazers. I doubt if this is a real option. The other siblings who are reportedly are in cashflow problems may not see this as a viable option.
Thursday -- Gameday and possibly the beginning of the end of an era.
Convenient headline just before the only 2 bidders come to OT, last week there was the fabled 2 other bidders.
Why? Reasons?
Isn't it obvious Murtough was a Qatari plant from the beginning
Yes, I can't see what would be in it for the investor. If the Glazers were a good bet for giving the commercial side a boom, then they'd already be there. The reverse has happened over the last few years. Then there'd be the protests. United stock surges every time it looks like the Glazers are on their way. I can't see how investors want to get in bed with them or would believe that the Glazers could make a new 'commercial arm' work.
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