Its nothing to do with that, he's just stating that's how business works.
Business generate their own money and spend it, that's how it works the football model is a enigma rather then the other way round.
Club Sale | It’s done!
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Its nothing to do with that, he's just stating that's how business works.
Business generate their own money and spend it, that's how it works the football model is a enigma rather then the other way round.
5.9 - just so the Glazers can't quite break 6b
They would then switch it to $ and achieve 7billion+
Well. Shite.
And then dim journos would quote it in pounds and convert it to eleventy billion and one €/$.
Think Ratcliffe got played at his own game. He tried doing the same with Chelsea (handing in a late bid) but it got rejected due to being past the deadline.
Apart from the fact you're spouting absolute nonsense and passing it off as some well established fact, do you have a point to make?
Thought not.
I don't know how people are feeling on the ground in Manchester, but it would seem to me the Glazers would have no idea about hate, vitriol and action that would be taken by the supporters if they stick around. I'd worry it would get very ugly and dangerous.
He’s on the Caf, you know
And the prospective buyers know they can stoke it by staying in the background and popping up every now and again to criticise.
If I was SJ or SJR I'd be sticking to my valuation. They're the ones who hold all the cards here.
You won’t let it die, would you?
Firstly I'm no Glazer fan and want them gone as much as the next man.
They own the business and they take profit from it. That's why people own businesses in the first place. I fail to see why people can't understand that.
They've taken what they are entitled to take as the owners of the business. Which is way too much we can all agree and could have and should have re-invested a hell of a lot more over the years but they didn't.
People need to stop getting hysterical over it. It happened. Soon to be over and lets hope the new Lords do better.
He probably found out Ratcliffe's final offer and needed time to go back and re-jig his offer/structure whilst making a business case out of it.
I was listening to the BTP podcast with Phil brown and football finance expert Kieran Maguire and his best guess is the Glazers will end up staying in some capacity.
There's probably a good reason why only 2 leagues in the world (Germany and Romania) employ that set up...
I also don't think following the example of a league that's a glorified monopoly would be a good idea
And then dim journos would quote it in pounds and convert it to eleventy billion and one €/$.
This is definitely going to happen. Some others will add potential investments like stadium, squad etc to inflate the figure even more.
How does that make sense though?
If the Glazers stay, they'll have to seek financing. This will come with one of two conditions.
Either:
1) The financier demands some kind of control (e.g. board seats) and does away with the Glazers' dividends.
2) The interest rates are punitive and the financier takes control upon default. Elliott have taken a ship from fecking Argentina, they're not going to hesitate to take United off the Glazers. And that means no more gravy train.
Cashing in now, at a vastly inflated valuation (even £5bn would be $1.5bn more than the club's actual valuation) seems a far saner strategy, frankly.
Doesn't really but there's every other fan of any club wishing for the above, the fergie era really has ruined some peoples lives.
Agreed. I don’t want to rehash things again but it amazes me the way many people just gloss over or casually disregard the club’s reputation and standing like that.
I don’t know, none of this makes much sense to me, I’m just putting the fellas take on it out there.
This is how I'd see it:
You can continue to take £100 million a year out of United with far less control and/or the risk that it could be taken away from you if things take a bad turn.
You can take £5 billion (so 50 years' worth of your dividends) in one hit, guaranteed, with no takebacks or future obligations.
It seems a no-brainer to me. And tbh I imagine the Glazers are taking a lot less than £100 million a year.
A few things from an old (business) man.
1. Anyone who just spend a few moments looking at our latest annual report understand that now is the Glazers best option to sell the club. The increasing interest rates has also weakened their bargaining position and actually leaves them with limited choices other than to sell.
2. Without judging who’s better or worse as owners it’s clear that the NTF is in a better position to win if it becomes a bidding war. Any bidder who’s partnered with outside investors (like JP Morgan/Goldman Sachs) has restricted financial limits and with a longer internal approval process. It doesn’t mean that SJR can’t win but it’s highly unlikely the longer the bidding process goes on.
3. Without having any other information than what’s public I still find the bidders from Qatar as clear favorites. Financial muscles and pride is the main factors to why I can’t see any other winner.
1. Anyone who just spend a few moments looking at our latest annual report understand that now is the Glazers best option to sell the club. The increasing interest rates has also weakened their bargaining position and actually leaves them with limited choices other than to sell.
2. Without judging who’s better or worse as owners it’s clear that the NTF is in a better position to win if it becomes a bidding war. Any bidder who’s partnered with outside investors (like JP Morgan/Goldman Sachs) has restricted financial limits and with a longer internal approval process. It doesn’t mean that SJR can’t win but it’s highly unlikely the longer the bidding process goes on.
3. Without having any other information than what’s public I still find the bidders from Qatar as clear favorites. Financial muscles and pride is the main factors to why I can’t see any other winner.
Ineos definitely would be the better option. The money Qatar will put into the club wouldn’t be worth the political baggage.
If they promised to wipe away the debt, I feel like incredibly few would prefer Qatar over INEOS.
If they promised to wipe away the debt, I feel like incredibly few would prefer Qatar over INEOS.
They won’t there’ll be more debt attached to this takeover. Let alone the amount of money they’d need to invest into a new stadium, training ground, players etc. Everything Qatar will do. It’s a no brainer.
No, Johnny Fontana is playing for Al Nassr by now.
This.
who is NTF?
Has Jassim placed a bid yet?
Hope this comes to a swift resolution
Also Newcastle have just been bought by an oil state, Liverpool may well follow. Arsenal are suddenly strong again and Chelsea and City are still there.
So it's harder than ever to get into the CL and their whole business model rests on that.
They'd be mad to stay.
Could be wrong but taking out £100 million a year is wrong, the dividends are 10-20 million a year, anything else will be interest on the loans presumably
Thoughts on the oil price collapse? + banking sector instability meaning tighter financial conditions, so lower chances of loans getting approved?
Last year could've been the perfect moment to sell - sky high asset prices everywhere. Money was free. In hindsight they almost picked the worst moment to sell and they're still getting a ton of money for that.
This bank contagion stuff is scary shit that bothers me way more than the takeover drama. Either brutal inflation or banks collapsing like dominos. The central banks are so powerless right now.
i think Phil brown presented counter arguments that Kieran was unable to rebut himself. But kieran is great so who knows.
Nine Two Foundation - the company the Sheik is setting up to own United.
They should cash out and get out of the casino while they are well up.
thanks mate. That was a dumb moment from my part
Johnny Fontane!!!
No word on it yet.
Might be playing with SJR and gonna gazump everyone last minute with the Six billion
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