Maybe they need/want the cash now? Never been great with liquidity that family.
Is Jim Ratcliffe still interested in buying Manchester United? Yes
- Thread starter MrSingh2002
- Start date
Maybe they need/want the cash now? Never been great with liquidity that family.
Yep, agreed. Seller totally over values what's for sale and the purchaser under values it. It's pretty basic stuff.
Like most other people I haven't a clue what's going on, if anything, but if this 9bn figure actually has been mentioned by the Glazers then it's the first movement from their cast iron 'it's definitely not for sale' stance they've held since the day daddy bought the club. It's an extremely high figure but it's not in the ludicrous area like 1bn release fees for players and they haven't said $10bn cash in used oncers and a white unicorn for each of the family.
If, and it's a big IF, this is true then just maybe there is a bit of hope.
Chelsea I think went for $3bn, the highest sum to date for a sports team. No way on earth United goes for $9bn or anything close to that. Current market environment and economic outlook also factors
Who are you?Melon-headed gimp
BAndy and I know each other in real life before anyone reports us for seeming to abuse each other*
*his next post will claim he's never met me before in his life
Of course it won't but you've missed the whole point about basic negotiation tactics.
I found this interview a clear indicator that he is putting pressure on the Glazers, he knows that all of us want them out and most of us would look at him as the holy spirit and savior. It´s a tactical response and this guy knows very well what he is doing.
That bloke you got the restraining order against. The one who wouldn't stop trying to peer through your living room window. I'm outside right now, pouring liquified dog faeces through your letterbox to punish you for forgetting me
This is no high table negotiation, this is flea market tactics. Although tbf I heard it's Daily Mail
The Glazers stood by green and gold, years of people wanting their ass out, and somehow Radcliffe tweet would make them shiver....I think he's just saying a nice thing in order not to be humiliated with his mini bids.
There is no way in hell a billionaire looking for hostile take over doesn't know the valuation and what's a reasonable offer, not if he's serious about it.
What has he tweeted? I’m not on twitter and can’t find anything in here.
No but I don't see the Glazers funding all the infrastructure that needs attention. The timing for them to sell is pretty much there. Just my take on it.
Too big to be bought unfortunately. We’re stuck with the parasites for the foreseeable.
Ugh, we're about to become the noisy neighbors. Depressing shit
A financial expert on a fans' channels did say United'd cost £8-9 billion. I didn't believe him...but it's probably nearer the truth.
But we will always have the Moral High Ground and Top Red trophies to adorn our cabinet with.
We generate enough revenue and spend more than enough to compete with anyone. We don't need to become a billionaures project to be a lot better than we currently are.
Change thread title
Based on what would we be valued at 9 bil? Seems about 35-40% inflated.
Response to a different post about us becoming the noisy neighbors.
No idea. I'll have to find the interview.
Because we are publicly listed the actual value of the club can be quantified pretty precisely on any given day based on the share price. The obstacle to a takeover is of course that the majority of shares are in the hands of the Glazers so a hostile takeover is not really on the cards and it comes down to how much over the actual market value would you have to pay to get them to sell their cash cow. Realistically even those that can afford it won't be inclined to pay over the odds it is only likely to be a Sovereign Wealth fund who are not primarily motivated by profit and frankly even those are drying up now that the Saudis have Newcastle. Our best hope would remain that the silent members of the Glazer family who don't care about ownership put pressure on Avram and Joel to sell because they want to cash out but even then the brothers would probably just get financing secured against the club to buy out their relatives, I remain convinced we are stuck with the buggers for eternity.
The thing is, based on the stock the valuation seems nowhere near the previously quoted 8/9B:
Market Cap
$2.18B
Total Debt
$779.73M
Cash
$147.56M
Other
-
Enterprise Value
$2.81B
as per seekingalpha.com
Now, the stock price dropped around 40% after Covid hit so before then it was probably around 4-4,5B. But as you’ve rightly pointed out you’re not gonna be able to log onto robinhood.com and buy all Man Utd stock at once and become owner of the club, you’d need to broker a complex deal with the Glazer family and they’d probably put a much higher prize tag to the club.
So as you’ve already alluded to, you can’t really tell the value of the club based on the daily share prize. The closest and most quoted guesstimate is done by Forbes:
https://www.forbes.com/teams/manchester-united/?sh=69e1657113f9
No idea where the figure of 8/9B would fit into this.
It came from the myth that Chelsea cost 4.2b when in fact it was 2.5b with 1.7b investment to go into the club over the next 10 years. You still get Sky and Talksport etc quoted 4.2 or 4.5b and they are using that figure to come up with an uneducated guess of 8/9b.
If United where to be sold by the Glaziers tomorrow it would probably be for around 3.5b plus the debt so around the 4b mark which is still inflated but I'm not talking value, I'm guessing what it would take for the Glazers to sell. 2 very different things
There are apparently ongoing negotiations between the Glazers and a number of American investment firms, just everyone involved has signed NDAs so it's not being talked about.
Yet you know? Fancy that.
I believe that was in relation to bringing in investment and not with a view to selling their controlling stake. The more reputable sources have been quite consistent in saying that the Glazers are not looking to sell unless someone blows them away with an offer well above the actual value. I do not think an investment firm would buy anything for more than it is worth and honestly I don't see any bidders out there who would. The Saudis might have but then I would have had to find a new club to support anyway so I am not too broken up about that. Ratcliffe is an attention seeking spoofer who would run a mile if the Glazers called his bluff.
Yeah certainly looks that way
Glad to see this thread still alive. WIN , LOSE, DRAW. The yanks need to go. You can have depth of squad as deep as the mariana trench, endless funds , god like coaches etc BUT if the top management is still rotten to the core, the poison will creep back in every time, the cancer will grow terminal at every turn.
I like how arsenal have turned a corner. I don't think its the individual quality, the money NOR the coach (not saying all that doesn't play a hand, it is and credit to them) but the most impact they are reaping is from are STABLE, understanding owners. You start from the top and the effect trickles down all the way to the squad.
I like how arsenal have turned a corner. I don't think its the individual quality, the money NOR the coach (not saying all that doesn't play a hand, it is and credit to them) but the most impact they are reaping is from are STABLE, understanding owners. You start from the top and the effect trickles down all the way to the squad.