Glazers looking to sell off a minority share & bring in a new Investor
- Thread starter UnitedSofa
- Start date
They are. When they sell B shares, the shares sold automatically convert into A shares, but the b shares they DONT sell remain as b shares and don’t convert into As until the Bs represent less than 10% of the total outstanding shares.
Me too, makes a ton of sense. One can only hope.
Certainly hope he is correct
Honestly don’t know why people yet again are being so miserable about this. If you want to sell an asset you don’t say it’s for sale. That reduces its value. If you want to smoke out a bid you do say “we’re looking to sell a minority stake” - that whips up interest - and brings parties to the table. I’m convinced It’s definitely for sale.
They will have seen the number of expressions of interest in Chelsea and it was an eye-opener. I told imagine they have been doing ground work and sounding people out.
Selling a minority stake/share will mean nothing. They keep control and make more money off us.
For me, $6bn, including outstanding debt sounds about right from what I've heard.
This is about £5bn and paying off the £1bn or so of debt leaves 4bn for the Florida men. It's disgusting but as long as we get a similar deal like Chelsea, we should come out in much better at the other side.
I don't expect the bastards to have enough heart to dilute their ownership to infuse cash into the club
Oh my fecking god, please don’t let this be a wind up or some sort of press release to stop protests, please let this be the real deal.
If this was the glazer’s looking to sell, does anyone have any idea how long this could take?
If this was the glazer’s looking to sell, does anyone have any idea how long this could take?
It looks like Musk got whiff of it.
We worth 5 billion to them? Wtf??
Its a leak to prevent/soften the protest. Nothing to see here, move on
Deal of their Life. Invested nothing will get 5 bilion. Cnuts
6 billion they can feck off
There’s also the £500 million debt on top of a outdated OT , an outdated Carrington and a squad overhaul. I can’t see it as an investment personally.
The fact it's coming from Delaney gives off the impression
This is not going to soften anything. It should increase the pressure
As a publicly traded company the deal could complete fairly swiftly once the price is agreed provided proof of funding is received but the major issue that tends to complicate these matters is the PL and the fit and proper ownership tests. Without knowing who is in the mix you don't know what could delay or derail a potential takeover. Ideally we need a philanthropic saint with the spending power of Bezos but there is every possibility we get someone fronting for an oil regime or even worse, Donald Trump.
Just imagine a consortium led by Ratcliffe and Musk with the deal brokered by Michael Knighton.
Call me stupid here but what's better? 6 billion in cash now or 10-20 million a year in dividends. I know which one I'd choose...
The Real Red Knights™
More chance we sign Messi and Neymar to partner Ronaldo.
The fact that the cost of the debt will increase for the club means now is the best time for them to cash in.
I agree and hope so but I don't want to get any hopes up just yet.
There's huge movement, we're talking millions in sustained volume over two days. Someone with a lot of money has been pitched United and they've taken that information to the stock market.
The independent article cites it taking a year to 24 months. Sounds like nonsense
There is no chance it will take that long to go through. half of the Due dil if not most of it will be done already.
It's absolutely mental how much they stand to gain from selling the club. I think in any deal they should be made to pay off the debt themselves before making a profit. That's obviously unlikely and naive for me to say but it makes my blood boil that will sail off into the sunset with an few extra bill in their pockets after putting absolutely nowt in.
Deals like this one can take years.
He said he’d heard stuff yesterday and for the first time thought it was a goer. Partial investor makes absolutely zero sense for anyone.
I know Phil isn't popular on here but have a listen if you have time because I do believe there's truth to what he's saying. People can complain all they want about the recruitment but the meddling of Joel Glazer is why deals are taking too long or not happening at all.
great video that, just confirms what we thought how the club was run, and everyone in it is absolutely miserable
I think now I will just watch United and hope for some of the players to improve. Not complain really at all unless we look to get relegated. Just sit and what for the Glazers to sell. Not sure what else to do?
I fail to see how Trump is worse than the oil barons. Like.. really? We're talking about beheadings, stonings, burning people alive...