UAE, Saudi, and Qatar all have clubs now. Kuwait next? Bahrain?
Glazers looking to sell off a minority share & bring in a new Investor
- Thread starter UnitedSofa
- Start date
This is how I feel about it. I also think they'll sell to someone else who wants to just milk the club for dividends because I'm a sullen bastard.Glazers: "You're saying we can sell another minority stake of the club, pocket all of it, and still run the club into the ground?"
PR exercise. These fecks need to sell up and give someone else a go. Absolutely pathetic owners.
I hope we don't fall for this. Keep hammering the rats, lets keep piling on the pressure.
The problem with this is that everyone with a brain can see that considerable investment is needed. No potential investor will look at only the financials and believe that it's a brilliantly run business. It's public knowledge that the squad needs investment, organization needs a restructure, Old Trafford needs investment etc
A good feeling about this, like there is something going on behind the scenes.
A new investor is just what we need right now.
A new investor is just what we need right now.
Our eyes are yet to open, fear the old blood.
I’m not really clued up on this but wouldn’t selling 51 percent for 2b odd and having 49 percent that brings dividends, whatever, for their rest of their lives and for generations to come not be more beneficial?
I mean if they decided to sell then they’re selling it away, control and all, wouldn’t my way see them just leech on under a new ownership? Especially if they think the value will rise in the future with tv rights, steaming rights, super league and all that jazz alongside an owner who could get us back to the top?
I’m sure if you offered an investor 49 percent today they would be all over it, why would the Glazers walk away?
In the end, a leech is a leech
If Glazer's were sensible they would sell, I think after the fall of the super league, which would of maintained the status quo and brought us risk free cash, they probably realise that they actually have to invest to get the revenues in.. which they obliviously don't want to.. they seen the value of our sponsors dip, and it'll continue when Adidas deal ends. Not to mention championship league bumper cash is not going to happen. So it'll become harder for us to spend and harder for us to get the revenue back and eventually it'll hit their dividends and ability to make interest's.
Not to mention that they've probably got the cost analysis back from the Old Trafford master planners and seen the task Infront
Not to mention that they've probably got the cost analysis back from the Old Trafford master planners and seen the task Infront
Posted in the other thread.
There was a high options activity last Friday, $Man Utd gets 0 options activity. Two days ago, someone did 450k, sustained volume, in $14 calls expiring 31 days, 3500% increase in volume.
Planned joke on markets? Or takeover?
if they exercise this trade then they can get stocks assigned at $14 (plus premium)
Who the feck is going to pay 5B for this tower of shit?
the dividends ROI is pitiful for the outlay, basically..
they can allocate those funds much better elsewhere
I can't see them wanting to spend big on the first team and stadium. Surely selling up and walking away with 5 billion quid is the sensible thing from a financial perspective!?
Are you sure?
SpaceX Theatre of Dreams
Tweet Bar etc
Tesla Transport/cars/ coaches
Tesla Solar/Stadium Roof
Even if they owned 49% of the shares, they'd still control the club. They just wouldn't have majority economic rights. THey own B shares with 10 votes/share. The public A shares have 1 vote per share. As and Bs have the same economic entitlements. They currently own 67% of the shares, all of them B shares.
Once the B shares comprise less than 10% of the total shares, they automatically flip to A shares with 1 vote each. But basic math will tell you that even if they owned 11% of the shares, they'd still control the club if all of those shares with B shares with 10 votes each.
Point being, it's not a great investment.
If that is the case then we're in even bigger trouble.
I do think the pressure is on the Glazers right now and they realise that investment is badly needed both on the stadium and on the team. I don't believe they have the capital to finance what is required for the club to challenge the Saudi investment fund, ClearLake Capital and Abu Dhabi in the next few years. And even if they do, I don't believe they have the will to challenge the aforementioned due to United being a purely business venture for the family.
The pressure has been mounting and their neglect of the stadium/training facilities is coming to a head now, which will also effect first team planning imo. This can't go on any longer and I believe the Glazers have realised this.
I'm of the same belief as some of the posters who believe the current news about a minority stake being sold will lead to something more significant.
Not entirely, the board need majority votes to do something. I can’t remember how many board members there are at United but let’s say it’s 14, about 8 or 9 would have to vote for something for it to be approved. The more you water down the votes that agree, the harder it is to do stuff that only benefit the people with the largest holding.
So in theory, selling 51% would mean the board would have more people that aren’t from the Glazer family, meaning they would lose most of the control in the decision making process. A vote to increase dividend payout may be a landslide today, with that spilt it might only get 3 or 4 votes, meaning it gets thrown out.
They don’t want that to happen obviously.
I also think there’s less reason for anyone to own us if the fans are going to totally veto anything they pitch that doesn’t directly benefit the football club. They’ll never force anything through.
Sounds like nothing more than a PR brief to calm the fans down.
I think this may be the case too. When the Glazers bought United they did it drip by drip until the opportunity arose for them to get it over the line. Something similar could happen here and maybe a disagreement between the siblings could be enough to open the door for someone.
PR? What stands to be gained by pretending to sell a stake in the club?
Imagine if they did sell now. What a reputation. Took over with us on top and left with at the bottom... in every way. Shitest owners ever... in the history of everything.
Not read the full thread but anyone know how much this minority stake that is up for sale is worth?
See my post above yours. Because the B shares have 10x the voting power of the A shares, they'll control the company and board owning much less than 49% of the total shares outstanding.
Nope. It wasn't stated.
Yeah I agree with your posts but I was under the impression they were looking to sell B shares otherwise they’d never find the capital they’re hoping to raise.
There’s no figures but I would guess it would depend on the appetite and funds available. Probably somewhere under 15%, ensuring they stay firmly in control
feck off. This is another ploy to quell unrest while they keep every power at the club in their hands. Don't fall for this and keep up the heat as they're obviously feeling it. What good does them selling a minority share do to the club? Just get the feck out.
That’s not fair on the fans. The Glazers live in America and it’s hard to make their lives miserable when they don’t even watch our games.
I'll believe it when I see it. Seems like usual bollocks to me.
It raises a massive amount of money that can be invested in the club. Trying to sell a stake isn’t going to quell anything. It will boil over this season and there has to be action.
All this does is give me PTSD from earlier this year, when reports of the war in Ukraine just smothered the news of COVID rates and such, soon after COVID was back on the news and the war took a backseat.
Just a ploy to take the minds of the fans off of our current situation with the Glazers, similar to Mike Cashley's yearly "sale of the club" to get him through the transfer windows to avoid spending.
Just a ploy to take the minds of the fans off of our current situation with the Glazers, similar to Mike Cashley's yearly "sale of the club" to get him through the transfer windows to avoid spending.
Bottom line is and always has been that they bought the club purely as a profit making venture and so they have always been technically open to the idea of a sale if that would bring them a better return than siphoning revenue into their own pockets. The capacity for the club to generate revenue is reducing due to a combination of the current market situation and the declining condition of the clubs assets and so a sale becomes ever more attractive and likely. If they saw themselves as long term owners of the club much greater investment would have occurred in the infrastructure in recent years and this is underscored by their tight fisted approach to this window, they clearly view their tenure as short term now and so are covering up the mold on the walls with a lick of paint and not addressing the rot.
Minority as in. . .
When have they invested anything in the club?? They'll just pocket that money. They've done it before and they do it every time they've sold shares of the club.
I mean, you could argue they've achieved what they needed to. Put zero money into the club whilst making a shit tonne for themselves. Now would be a great time to get out, the club is still worth a lot, we are in complete disarray and every aspect from the team, to the stadium, to the facilities needs a lot of money spent on it. If ever there was a good time for them to sell, it's now.
Ronaldo can't afford us.
We should just join Red Bull at this rate, get first dibs on all the other RB club players.
Glazers: "You're saying we can sell another minority stake of the club, pocket all of it, and still run the club into the ground?
This unfortunately
We'll spend eventually. That's not even typically our issue which is the incompetence with which we are run and that has nothing to do with selling.