The Glazers have named their price

Bastian

Full Member
Joined
Jul 16, 2015
Messages
19,836
Supports
Mejbri
A new thread as I think this is more significant than rumours of particular buyers.

Around £3.75billion would be enough to prise Manchester United from the Glazer family, according to well-placed sources.

It remains to be seen whether such a figure would be palatable to Britain’s richest man and United supporter Jim Ratcliffe, who failed with a recent bid for Chelsea.

It may well, however, be within the range of a sovereign wealth fund such as Dubai, which is yet to follow Abu Dhabi (Manchester City) and Saudi Arabia (Newcastle United) in adding a top-flight club to its portfolio. The Emirate is rumoured be a contender.
Click to expand...

There were quite a few people here worried about how much we spent - outside of hissing over the incompetency of haphazard planning and the meagre budget set out at the start of the window - due to our growing debt. It did make me a bit more optimistic about a future sale, if they're kicking the can down the road and waiting for a new owner to wipe the debts. Of course, almost every potential owner comes with a lot of baggage, some of which is truly impossible to stomach, but not everyone.

If these reports aren't countered in the next couple of days by the scum this really could be a new beginning.
 
Bastian said:
A new thread as I think this is more significant than rumours of particular buyers.



There were quite a few people here worried about how much we spent - outside of hissing over the incompetency of haphazard planning and the meagre budget set out at the start of the window - due to our growing debt. It did make me a bit more optimistic about a future sale, if they're kicking the can down the road and waiting for a new owner to wipe the debts. Of course, almost every potential owner comes with a lot of baggage, some of which is truly impossible to stomach, but not everyone.

If these reports aren't countered in the next couple of days by the scum this really could be a new beginning.
Click to expand...

Considering he outbid Chelsea's buyers, who got Chelsea for £4.25 billion.. I don't see that price would put him off.
 
Surely Sir Jim Ratcliffe will come in with around 4billion now and assert his interest.
Positive news for sure that a potential sale is being considered.
Keep up the pressure on them.
 
Chelsea bought for £4.25b and United valued at £3.75b? Is that because of the debt?
 
Loon said:
Chelsea bought for £4.25b and United valued at £3.75b? Is that because of the debt?
Click to expand...

The Chelsea price was actually closer to £2.5b if I remember right, the rest of the money is investment that has been promised down the line.
 
Loon said:
Chelsea bought for £4.25b and United valued at £3.75b? Is that because of the debt?
Click to expand...

Chelsea were bought for £2.5bn with a further £1.75bn allocated for future investments whatever that means.
 
I don't believe that. Seems way too low for the Glazers.
 
There’s also our debt at £500m and renovation/rebuild of OT, upgrades to Carrington etc that could be up to 1.5bn.

5.5-6 bn investment for paltry financial return is a steep price still.
 
Except those criminal organizations, anyone should be better than Glazers. I think it a common sense for everyone.
 
InfiniteBoredom said:
There’s also our debt at £500m and renovation/rebuild of OT, upgrades to Carrington etc that could be up to 1.5bn.

5.5-6 bn investment for paltry financial return is a steep price still.
Click to expand...

It's not a paltry financial return though, Manchester United as a business is an asset that is likely to become more valuable over time. The Glazers have overseen the worst decade you've had on the pitch since the 80s and yet the price (if 3.75 is true) has risen from 800 million when they bought in 2005, you'd be hard pushed to find another asset that has risen by that much in the last 17 years.
 
InfiniteBoredom said:
There’s also our debt at £500m and renovation/rebuild of OT, upgrades to Carrington etc that could be up to 1.5bn.

5.5-6 bn investment for paltry financial return is a steep price still.
Click to expand...

Think comments from Jim suggested he doesn't see it as an investment..

Dubai will obliviously use us as a massive sponsorship opportunity.

Anyone else.. well probably consortiums, so will make more sense.
 
I wonder if 3.75B is for the Glazers or the entire club. If it is for Glazers only, that just is not gonna happen, considering that the new owners would need to spend another billion on the remaining shares in the market. That would put the price to around 5B, plus then clearing the debt, for around 5.5B total price.

Which is way too much.
 
The Boy said:
It's not a paltry financial return though, Manchester United as a business is an asset that is likely to become more valuable over time. The Glazers have overseen the worst decade you've had on the pitch since the 80s and yet the price (if 3.75 is true) has risen from 800 million when they bought in 2005, you'd be hard pushed to find another asset that has risen by that much in the last 17 years.
Click to expand...
It’s paltry unless you follow the Glazer’s model, which is to sell it. So you are stuck between nation states and sugar daddies who don’t care about the annual dividends/profits and consortiums who are in with a view of maximizing their return one way or another.

Which is not to say there wont be people interested, just that they will hardly be palatable to the fans, some sections at least, inevitably.
 
Mickeza said:
That’s 3.75bn for 70% of the club. Plus the 600m debt. Plus the money for the infrastructure projects. You’re talking the best part of 6.5bn.
Click to expand...
A bit less, but over 5B for sure.

The remaining shares are in the open market, where the club is currently valued at 2.2B. So 35% of that would be around 800M.

Of course, the new owners might decide to not buy them. Glazers shares have 5 votes, while the remaining one vote, so with 65% being Glazers shares, that's roughly around 90% of the voting power.
 
Revan said:
A bit less, but over 5B for sure.

The remaining shares are in the open market, where the club is currently valued at 2.2B. So 35% of that would be around 800M.

Of course, the new owners might decide to not buy them. Glazers shares have 5 votes, while the remaining one vote, so with 65% being Glazers shares, that's roughly around 90% of the voting power.
Click to expand...
True. You’d think they’d want to take it off the stock exchange though? We’ll have buyers at that price I think. It’s an extra 1.5bn than what Ratcliffe was putting together for Chelsea isn’t it?
 
It's not even a main story in its own right on the Daily Mail. Total bollocks if you ask me.

Saying that, if and when the Glazers do sell the sad thing is that the odds are heavily stacked in favour of some total cnut/bunch of cnuts buying us. Ratcliffe is obviously preferred, but it's not like the Glazers give a feck who they flog us to.

Us being owned by some human rights denying sovereign wealth fund is both horrifically grim and very likely, sadly. They have infinite liquidity and no matter how rich Ratcliffe is, he'll still need to put together some sort of consortium and likely drive the hardest bargain. Dubai will just pay in cash whatever the asking price is, should they want to. Hope I'm wrong.
 
Struggling a bit at the moment but I can chip in a tenner, if that helps :)
 
Are we really creating threads over Daily Mail nonsense?

I know most of us are desperate for news but let's not stoop this low.
 
Revan said:
A bit less, but over 5B for sure.

The remaining shares are in the open market, where the club is currently valued at 2.2B. So 35% of that would be around 800M.

Of course, the new owners might decide to not buy them. Glazers shares have 5 votes, while the remaining one vote, so with 65% being Glazers shares, that's roughly around 90% of the voting power.
Click to expand...
We now have two bidders olus some billionaires that will also be interested but its hard to look past tge Middle Eastern guys. If the Glazers play this right they will walk away with more than £6bn because there will be a bidding war for sure, I suspect that even if the Saudis have already bought Newcastle I wouldn't put it past their Crown Prince setting up a dodgy investment vehicle just for this purpose.

Read on Twitter that tge other Glazers are pressuring Joel and Avram to sell. I think these stories are being leaked by that other faction to energize the fan base into pressuring the two brothers because a piecemeal sale wont be as lucrative as an outright sale would be.

In as much as we would want Sir Jim I think he will be too small to comoete with the heavy hitters that will come in for the club. My money would still be in the Saudis and Quatar, maybe some Chinese billionaires but its hard to look past the oil states. I think we are in for an interesting few months/years ahead.
 
InfiniteBoredom said:
There’s also our debt at £500m and renovation/rebuild of OT, upgrades to Carrington etc that could be up to 1.5bn.

5.5-6 bn investment for paltry financial return is a steep price still.
Click to expand...
Perfect, it will hopefully keep away leeches that are more interested in making money than the club's footballing success.
 
yeah I'd imagine that price (if it's true, and I think that's a huge IF, given the source) is without the debt and commitments to renovations etc. You're probably looking at around 5-6b in total.
 
You must log in or register to reply here.