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The Glazers wouldn't, would they?
The Glazers wouldn't, would they?
Club Sale | It’s done!
- Thread starter JB08
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I’m not debating that. It’s you trying to frame that them going to a game is some kind of huge tell that this was an elaborate ploy not to sell all along..
Despite SJ and JR spending full days at the club.
They provide financing on terms of being paid back more then they provide after a certain period of time, essentially a loan - is that hard to understand?
Elliott ill have spent full days at the club too, is my point. They weren't just at the game.
4 of the 6 siblings , we have been told from the same multiple sources, are desperate to sell. You think they’ll be happy being paid out far less than a full sale? Ok cool, seems legit
they’re selling. This is all posturing.
So like debt?
So how do they get there money back from the Glazers looking at our finances?
I’m interested to know how the numbers all add up given you are so sure this is happening.
I am yet to be convinced and read how this Elliot financing would work.
Are they going to use the sold equity to finance the stadium and Elliot finances a loan for buying out the other Glazers? Because surely they still want to go and I cannot imagine they'd turn down the 5bn offer.
Are they going to use the sold equity to finance the stadium and Elliot finances a loan for buying out the other Glazers? Because surely they still want to go and I cannot imagine they'd turn down the 5bn offer.
They will be getting fat fees regardless (not as fat as they would with a full sale, though of course).
Exactly
So the the Premier League would have no issue seeing us plunge further into debt if a minority stake is sought from an investment group?
ZERO!
Wish I could share your optimism but on analysis of all weve heard since the start I dont think they are selling at all.
I'll log back on here once we have a definitive answer but I've seen enough to be convinced of what is actually going on here.
How on earth is selling equity in the club plunging us “further into debt”?
Forget what you think you know about the Glazer family internal politics - I'm not convinced any of it is accurate.
Highly predictable farce so far. Has a feeling of the chickens are coming home to roost. Reap what you sow etc. Glazers are the worst and imo, the most complicated sellers. Have to gain agreement with six of them for the sale to go through. I expect nothing, therefore i hope to not be disappointed in the end.
With what fecking money!!? 2bn loan on a stadium, yeah we can pay that back easy
Look at our finances, they've hardly serviced the debt already on the club and have taken dividends out year after year!! We've taken loans out to buy players ffs!!Yes, absolutely.
Raine are obviously in on this.
No no no. Debt is bad. It’s a loan, not debt. Never debt.
I think they’ll sell.
We all know they’re parasites.. they’ll use every trick under the sun to get as much money out of the club as possible. Just negotiation tactics.
We all know they’re parasites.. they’ll use every trick under the sun to get as much money out of the club as possible. Just negotiation tactics.
Aah, no wonder he's full of shit
Of course. Why would they? It's all legit and City can keep walking the league after their short intermission this year.
A bit too late for them to start caring now isn't it? It's not like they can do anything about it now either.
They will own shares - with investment in the club value will go up. I still think the glazers believe some iteration of the ESL is a matter of time too, seeing us jet to every corner of the globe playing competitive matches. Worst case they take a larger chunk of the club in the future for their investment.With what fecking money!!? 2bn loan on a stadium, yeah we can pay that back easy
If you are certain that there is no value then why are there (reportedly) so many investment groups lining up?
Who is paying it back? If it’s the Glazers with what? They’re asset rich not cash rich. And if it’s the club then how can it pay the old debt, the new debt and also simultaneously afford to compete with the super wealthy coming into the league? It simply can’t. So why will the other glazer siblings refuse to cash in on a 5bn offer to stay at a club that’s going to become less competitive and thus reducing the asset value? Minority investment makes zero sense.
Honestly, you're writing some absolute bollocks. People have explained to you why your suggestion is unlikely and all you've come back with is your 'feeling'.
And as for what you've 'read' does that include the submitted bid news yesterday which showed up most of the people delivering the 'news' are pure mouthpieces and have no sources.
looking at the economic realities in any depth, i don’t know how anyone could arrive at that position. But you’re entitled to your opinion, however much undue stress it’ll cause you!
my only concern is that the rats get far less than they were hoping , and whatever they go onto invest in fails and they eventually go bankrupt. Because they’re all awful, awful business people. One can hope.
What analysis is that? The word is they've been open to selling as much as any other route.
So now you’re just making more things up
The Glazers will still own the controlling stake in the club. The clubs wealth - assets, revenue, naming rights, shares etc is all theirs. There is sufficient worth in Elliott seeking minority investment and making cash available immediately.
All you're contributing is 'this is posturing' with no thought process behind that other than SJR, SJ spent a few hours at the club
So what are Eliott getting from this?
Again, explain how minority investors work given you are so certain of it as not one person, you included, has made this make any sense whatsoever.
The only way I can see the Elliot thing working is if the other siblings are happy to stay put.
Or they cash out through the share price on the open market which converts shares into worthless (voting-wise) class A shares and they retain control. But the stock market valuation is nowhere near the 5bn (even with debt included), so why would they do that?
Or they cash out through the share price on the open market which converts shares into worthless (voting-wise) class A shares and they retain control. But the stock market valuation is nowhere near the 5bn (even with debt included), so why would they do that?
All you're contributing is 'this is posturing' with no thought process behind that other than SJR, SJ spent a few hours at the club
At least I’m not making things up and being dramatic. Trying to pass my unfounded opinion as a fact then wilting when people press me to explain it.
Just log off.
Yeah I read that, I just think you're mistaking analysis with crazy conspiracy nonsense.
I can't see how its possible. Banks/Vulture funds would be charging interest rates of 15%+ for loans in the current climate.
I can't see how the Glazers can borrow £1bn to hang on and make interest payments.
Nor can I see anybody stupid enough to buy a minority state.
Yes. In exchange for what? It’s either a loan with high interest rates - which I replied with the logic of why that makes zero sense as who pays that loan? Or it’s with equity which involves the Glazer siblings of which a majority want to sell turning down a 5bn plus offer to instead give up billions in equity to invest in the club. Erm…what? That’s quite a business shift.
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