No chance of it happening tonight?
Glazers / Woodward out! (One down)
- Thread starter Icemav
- Start date
No doubt they're searching for investors, bloomberg wouldn't come up with this report for nothing otherwise.
Clearly United are skint and need money. I'm not sure it'll be a person like Musk though, more than likely some fancy investment group.
True that. Welcome to the Glazer's world. What a way to milk the biggest cash cow in the world to death.
I don't know. These kind of sales takes an even longer time then de Jong saga. But, the sooner the better for Glazers. The value of the asset will only keep on decreasing as things stand. None of the United's sponsors will be happy with what they are seeing. With this environment, it is difficult to attract new sponsors. It is also going to be difficult to keep some of them like Adidas. No matter what happens in the next 2 weeks, this season will probably be underwhelming. Glazers will be less enthusiastic about investing in the team.
Nope. It will take months I would suspect.
First, no one is going to give up $1b for 15% without the aim of eventually taking over majority at a cost, and expect the dividend to stay true. The buyer would need to have the cash, either in equity of actually money and then they’d probably want to negotiate the %.
But is suspect the aim is to raise that amount of cash to appease the fans and build a new team/fix the stadium.
Hope the news Glazers is selling is true. Maybe because of current economic situation the Glazers are skint. War in Ukraine, Covid, inflation and whatnot.
But I can't bear seeing them take 6 bils from us after running us into the ground.
But I can't bear seeing them take 6 bils from us after running us into the ground.
Minority stake means feck all. The Glazers still call the shots at the end of the day. Until they no longer own the majority stake in the club or better yet feck off entirely then nothing will change.
I don't buy that the sales will be for minority shares. That's what they have to say. Well actually, normally I would have expected them to say "not for sale". I think the club will be sold.
While that's true, any 'big' investor isn't going to take 1/4 of the shares and then not get a shout at what goes on.
The Glazers have been slowly drip feeding themselves bit by bit. I do think this is the beginning of the end game personally.
The club is on a downward spiral, we arent being competitive and the anger is getting more intense. At what stage is it worth it for them to take dividends every year, instead of just selling?
If they can truly get £5n for the club they should take it and run IMO.
Agree with this.
Also, to answer your previous comment of mine about Musk, I agree, it's highly doubtful ot would be him. However, it's just his out of the blue comment about United, especially tagging it on his previous tweet about US politics. Just all very strange.
How crazy is the world financial system?
Glazers bought us with debts. Taken 1.5 bil from the club. Sold the club shares and profits hundreds of millions. Neglect the club facilities and football side. The club is still saddled with Glazers debts to the tune of hundreds of millions. Man Utd still paying Glazers debts and dividends.
And now they have the guts to ask for 6 bil profit for selling the club. And this is all legal in the eyes of law. To me this is worse than robbery and I'm sure majority of hundreds of millions fans feel the same.
Glazers bought us with debts. Taken 1.5 bil from the club. Sold the club shares and profits hundreds of millions. Neglect the club facilities and football side. The club is still saddled with Glazers debts to the tune of hundreds of millions. Man Utd still paying Glazers debts and dividends.
And now they have the guts to ask for 6 bil profit for selling the club. And this is all legal in the eyes of law. To me this is worse than robbery and I'm sure majority of hundreds of millions fans feel the same.
And there are people who think the Glazers are idiots!
Ready to sell a minority stake?
Get Out Glazers! Majority of the fans don’t even want a microscopic speck of these parasites at the club.
ONLY WAY forward is the push them out through boycott. The only reason the Glazers have power is because the fans give it to them. In some ways, MUFC fans are like a battered spouse - despite every shred of evidence to the contrary and common sense, they will keep going back for more abuse. It’s astounding that after all these years, fans that declare their love for this club are unwilling to do what needs to be done.
Get Out Glazers! Majority of the fans don’t even want a microscopic speck of these parasites at the club.
ONLY WAY forward is the push them out through boycott. The only reason the Glazers have power is because the fans give it to them. In some ways, MUFC fans are like a battered spouse - despite every shred of evidence to the contrary and common sense, they will keep going back for more abuse. It’s astounding that after all these years, fans that declare their love for this club are unwilling to do what needs to be done.
- Fans aren’t willing to endure a season of missing games inorder to push out these parasites. That tourists will fill the seats is a weak excuse, there aren’t enough tourists to fill that stadium every home game.
- Fans aren’t willing to do something as simple as boycott the jersey , Adidas, and other sponsors. Even a knock-off jersey still has the logos on it and is still free advertising for the club and sponsors.
- That supporter groups and trusts are still scratching their heads after 17 years and are so feckless that they’d be hard pressed to organize a piss-up in the local bar. Rather than actually using whatever clout they have to organize a sustained movement to force out the Glazer scumbags, they are actually finding ways to give even mire money to the Glazers in exchange for worthless non-voting shares. These Judases are so desperate to be “insiders” that they’ve lost credibility with the wider fanbase.
- How useless the FA have been. As per the Henry Winter interview, these idiots actually lay down and let the Glazers walk all over them. For all their talk of fit and proper owners acting as custodians of cultural institutions, this lot are complicit in the vandalism of one of the largest cultural institutions in the world. I wouldn’t even trust them to safeguard an outhouse.
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Glazers will be about 5 billion richer if the sell MUFC after a leveraged buy out which cost them nothing and enabled them to take 1.6 billion out of the club. Wheres the justice? These conmen should be in jail
I don't like them either, but what crime did they commit?
It is legal sadly. I agree though it's a total joke.
The PL and FA have since made a ruling that this type of ownership can't happen again. Not bad for us they didn't say this when we all told them in 2005.
I genuinely wish the worst things to happen to that family and I don't even care admitting it. They are inbred looking parasites.
Man United is an institution, an entity that should be looked after by owners who care, not asset stripped by parasites. Maybe no actual crime was commited but they have been incredibly unethical. I despise them
Unfortunately my friend, the reason United are what they are, is because of the fans. They are so iconic because of the support they get from the fans worldwide. Even in the second division, the club got bigger crowds than teams did in the first division.
However, previously, the fans could see no way out. But with the latest news of potential sale and buyers etc, I have no doubts the fans will unite like never before. The fans have something theycan hang their hats on, and believe the Glazers will now actually go.
I don’t think any of that has affected them, they don’t own commodities or anything like that. However they are selling somewhat close to the bottom which makes me think this deal will take longer than we all want it to.
Amen to that. I had stopped watching games and following United after the Jose debacle and only came back because of the Super League protests and Woodward’s resignation. Was deflated as the wind went out of the sails as we were lied to again with promises of a new DoF consultants and ETH revolution. The one constant throughout the post-SAF period of decline has been that the Glazers and their stooges will lie, lie and lie even more as this club sinks under their incompetence.
4b at 22m/year is 181.8 years.
£6bn for an asset half a billion in debt and in need of a massive investment both to personnel and grounds.
No one is going to take this.
assuming for a moment this number has actually come from the Glazers
it's benchmarking and they are looking to sell
so a deal somewhere around 4 to 5 bn might do it
I hate the Glazers as much as anyone but they put 270m in
there is no justice in finance, only winners and losers
Yeah minute I heard the word minority my excitement totally disappeared
Didn't put a penny in
They originally put £250m and borrowed the other £750m.
they were buying up shares for a couple of years before they had enough to launch a takeover (and leverage club against itself)
See what you mean now
Feck me
i think the minority stake is a smoke screen, they want out. A minority stake just smokes people out to bid
Things getting interesting
now this I can get behind
Don't get our hopes up like that Jim
Knighton was actually suggesting he wanted Jim on board
This could all be linked
I think he was just throwing his name out there as he knew he didn’t have the funds himself. There’s definitely something in the Ratcliffe links though as his name keeps cropping up time and time again when it comes to potential buyers of United. I’m sure he came in with a last minute offer of £4 billion to buy Chelsea but was too late so seems serious about getting into the PL at least.
Something is going on I’m sure of it.
Oh definitely. A lot of smoke now.
It seems to coincide with us throwing around big money in the market too?
It’s interesting