You only lose money on assets when you sell them. United shares dropping in value makes no difference to Baldy ponytails because they’ll sit on it and sell class A shares when the value is high.
Glazer Family Consider Selling? (Source unverified)
- Thread starter BenitoSTARR
- Start date
Absolutely no one is going to sell their shares and give away a guaranteed £20m a year just because the market is taking a hit due to the inflation issues, housing issues and war in Ukraine. Stocks have been overvalued since the beginning of time, serious investors don't panic sell because the market is down, in fact, recessions and times of crisis like we're current seeing is when the rich invest more and get richer over the next couple of years as prices begin to rise again.
It’s a nice thought but in reality it ain’t happening. BUT, let’s imagine it was happening, if Chelsea have gone for 4.2BN then how much are United worth? And who would buy them? Sadly, I feel we’re stuck with these parasites for some time.
I know I’m just ranting and and nothing can be done, but how in the heck was this ever allowed to happen or to be even ratified. To come in with zero funds of your own and to purchase one of the biggest brands in world football with pure debt……debt!!! Then bleed us dry of any profits, only for when they do eventually sell…….to sell on any debts as well, honestly it makes me so angry that this was allowed to happen, especially after what had happened with other clubs and their finances, truly disgusting…….rant out.
Smart people sell when the stocks go up not down.
Maybe they need the cash - things aren't looking so hot in the real economy.
You consider them to be smart?
They could do a runner instead of having to splash out hundreds of millions on the stadium and first team.
They take home £20m a year from United alone, they’d take another high interest loan before selling United at its lowest price in the last 10 years
Michael Knighton going to buy us for real this time?
It's also worth remembering that the Glazers aren't successful business people. They are the spoiled children of one very successful man who made himself a billionaire from the ground up. If it comes to a choice between a lavish lifestyle and maintaining their capital assets, they may well choose the former.
It won’t sell for the stock price. It’ll sell as a vanity project, a sports washing exercise, or part of a much bigger commercial strategy. I’d bet my bottom dollar that the stock price will have little bearing on the sale price. It’ll sell for much more than the market valuation.
The Glazers valuation of the club will take into consideration it's current function as a cash cow. Buying United and then not using it in the same way (dividends + neglecting investment) is just shitty business for any potential new owner.
People talk about the investment needed and stadium refurbishment but the former will be funded by money the club itself generates and the latter by borrowing the club will pay back.
Neither is an incentive/reason to sell at all.
Neither is an incentive/reason to sell at all.
Exactly this. They'll just add more debt to the club
Which is why you shouldn't go to live games and you should never pay to watch the team on television. This cancer needs starving or it will be with us till we die.
Delusional though. Nobody is ever going to do that on the scale to make a difference. Literally only person to suffer is you who will spend many years never watching your team and searching for wanky streams
The price just went up after Chelsea got sold. 5+ to 6billion would be my guess now. But I suspect they think it's worth more in 5-10yrs time. Everyone knows the big money spinner will be when clubs sell the streams direct to the fans. Like a mutv++. They can already do it today
Then united's value will be through the roof.
Honestly, the best chance we have of getting them to sell is if we all spend every penny we have on the club and push the valuation up to £10b. Then they'd cash out and ride into the sunset
No streams. I watch literally every single game on full HD via satellite with English commentary. You just need to know how.
It's possible, but most likely they just pay for it out of revenue, like we have with the £1bn+ in transfer fees. No way they dip into their own pockets.
It seems to have gone quiet on the stadium front? The cheapest option will no doubt be picked anyway.
This is how Private Equity companies work - use someone else’s money to purchase a company, keep refinancing the debt, charge high interest loan notes for the pleasure of the debt, invest as little as you have to, if you do just add to the debt and then charge more loan notes, which are normally paid along the way but mainly rolled up to the end. Take a large salary and dividend as you go.
When you’ve got a cash cow like Utd in your portfolio you can leverage against it to do other things as well.
Lets just be clear - players investments and stadium enhancements will not come from the Glazers directly - it will just be from new debt. Also, money is now not as cheap as it was 18 months ago so any new debt will cost more.
Unless the Glazers are in need of money, which they don’t appear to - why would they sell? Only a ridiculous offer would tempt them.
Eventually they will sell the club. They will pay out ‘their debt’ / loan notes and interest and make a massive profit on their shares.
If they used debt borrowed against the club itself to buy it, rather than their own money, what is stopping a bunch of fans doing the same thing? Except they could reinvest dividends back into the club.
In theory nothing but it would be a disaster. Random collection of people with very little in common buying a business rarely ends well. Siblings fall out over direction of the small corner shop they bought together. Imagine hundreds of fans trying to agree a transfer of investment policy or direction.
They obviously are great business people.
True.
As for the stadium, we'll find out in four months, Jippy. I took a few people to the United stadium tour last week and even our dressing room looked cheap. They've used mdf instead of wood. The stadium, the megastore, our footballing structure... We've stood still for two decades. There's a lot to do... Have the owners got stomach for it?
MDF.... ???? The one thing this club has is plenty of deadwood.
They’ve got the stomach to patch things up using the club’s money or even more money borrowed against the club. The Glazers will just carry on as they have done, this a long term investment for them and they’ll only sell when they want to.
It's sad, everything just reeks of faded glory at the moment. I guess we see what the verdict is in four months but like you say, everything is so far behind our rivals now and it's going to take years to fix.
We need someone hanging around a London hotel foyer wearing a fake moustache, glasses , and a long Mac, to overhear some geezer saying to another geezer something along the lines of “It is I, L’eclair, we should offer ze Yanks 10 beeelion pounds” , then it’s on.
Michael Knigthon..
I know with some of the clothes and haircuts on display it feels like the 80s at times. But is it really 1989 again already? The decade seems to have flown by the second time round.
I know with some of the clothes and haircuts on display it feels like the 80s at times. But is it really 1989 again already? The decade seems to have flown by the second time round.
I don’t think that is obvious at all. Maybe Glazer senior was but there is nothing that says they are now from what I have seen. Having worked with successful business families I can tell you being smart isn’t always the key to success
Roman got good money for Chelsea it doesn't matter at all how much Utd is valued they will always get a good price for Utd without a doubt.
Oh god, I could actually see that happening
I'd love to see him call Guardiola a båld fraüd on twitter
I agree but find that so mental. How was it not already as big as it can be years ago? I suppose US interest growing is a big factor, and that will open up even more commercial opportunities.
Sounds like less suffering to me
Exactly. No business person will invest 5 billion+ and then continue to fund massive transfer windows unquestioned. Being owned by a sports washing regime or an olygarch is the only way to obtain that kind of spending power and given what’s happened with Abramovich it’s not clear if that is in the long term best interests of the club (even if you were ok with the source of the funds).
In the long run a proper footballing structure with a guaranteed self generated transfer budget that still allows the owners to take their ill gotten dividends is the most sustainable set up.
There's untapped markets like America, there's VR season ticket potential once the tech catches up (count me in!), there's still potential for clubs to be able to negotiate some of their TV rights from the leagues, and a bunch of other platforms football still isn't on. Most of the sponsors for football on the whole are gambling companies, but I think we'll see more and more mainstream companies wading in once they realise what they're tapping into in the future. You're right, it's mad though, sitting here and thinking about it now it just seems that football can't get any bigger, but it will!
Elon Musk would be an interesting buyer.
Plenty of commercial sponsorship opportunities available to leverage the Tesla brand.
Plenty of commercial sponsorship opportunities available to leverage the Tesla brand.