When will Glazers sell Man Utd?| Glazers sell some shares to Fund Manager
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In the latest episode of the United Hour Podcast, Nik @Rood and Imran @Annihilate Now! start with the good news by celebrating Manchester United Women's emphatic FA Cup win over Spurs at Wembley and the future of manager Marc Skinner.
Then it's the bad news and the ever worsening form of our Men with losses to Arsenal and Palace.
Finally the main debate - ETH Out now or keep him until the end of the season - if not longer. Are you Team Nik or Team Imran?
I'm not sure I get the view that the Glazers are dipping into their pockets every time we buy. The club pulls in enough profits year on year to spend vast quantities of money on players, pay huge salaries, dividends to shareholders & owners, all whilst the value of the club is rising year on year. Plus we're just at the beginning of the most mental mega-money TV deal & the PL is rapidly expanding globally.
We're the most valuable brand in sport & we pay them a wage. I think they're not selling for a long time. In fact, I think they're more likely to use us as leverage to invest elsewhere. A secured loan against a £3bn asset if you like.
We're the most valuable brand in sport & we pay them a wage. I think they're not selling for a long time. In fact, I think they're more likely to use us as leverage to invest elsewhere. A secured loan against a £3bn asset if you like.
A lot of sense made here imo
It would be a big part of the negotiations. It could stay part of the clubs/parent company's balance sheet and thus carried over to the new owners. It could be paid offf as part of the purchase price ( I'll pay x to the Glazers but they immediately have to use y to clear the debt. And all sorts of combos in between.
Why would they want to sell the Golden Goose?
I personally think the Glazers have been ok, as far as I know they seem to be happy to stay in the background and have spent big over the years.
Would certainly much rather the Glazers than some other owners I could think of ....better the devil you know.
I personally think the Glazers have been ok, as far as I know they seem to be happy to stay in the background and have spent big over the years.
Would certainly much rather the Glazers than some other owners I could think of ....better the devil you know.
I remember Keith lemon doing a few sketches on such things as an iSock, which is just a normal sock and showed how you can use it to house your iPhone, by putting in down the side of your leg, also the iJacket which is just a jacket
Yeah and you'd probably have to rewire your house to be able to plug in the iWasher
Nobody is moaning about the Glazers, the point of the thread is basically will they sell up because of the amount of money they will have to keep spending to keep up with the rising prices and clubs with limitless funds before our value reduces because we can't keep spending more and more and especially compared to the frugal years they had under Sir Alex.
What are you on about?
Nobody is saying they've been bad or anything, try reading the op.
I'd wager that short term the Glazers don't give a shit about transfer fees. The club can afford to self fund. So the bottom line is increasing the valuation of the club through revenue growth and positive ebidta. The club is still trending strongly in both directions.
Longer term they, like all owners (except the sugar daddy clubs) will be hoping for some sort of salary cap or FFP replacement, to mitigate against the bulk of increased tv revenues going straight to players and agents.
The Glazers put nothing up to buy the club, they'll sell it when they believe the value has been maximized or they receive an offer way above current valuation. I'd wager that the massive capacity still unexplored in mobile and developing overseas markets, means they'll hold for a good while longer yet.
Current valuation is around 2.6bn. My guess is that it would take an offer closer to 4bn for them to sell now. This was a genius investment strategy from them; and despite the club spending hundreds of millions on the debt they leveraged onto the club in their buyout - their growth of revenues and the clubs operations, has been incredible.
Longer term they, like all owners (except the sugar daddy clubs) will be hoping for some sort of salary cap or FFP replacement, to mitigate against the bulk of increased tv revenues going straight to players and agents.
The Glazers put nothing up to buy the club, they'll sell it when they believe the value has been maximized or they receive an offer way above current valuation. I'd wager that the massive capacity still unexplored in mobile and developing overseas markets, means they'll hold for a good while longer yet.
Current valuation is around 2.6bn. My guess is that it would take an offer closer to 4bn for them to sell now. This was a genius investment strategy from them; and despite the club spending hundreds of millions on the debt they leveraged onto the club in their buyout - their growth of revenues and the clubs operations, has been incredible.
Glazers aren't giving their personal money for transfers. The money used is united's own with the revenue they generate. That is within the control of Woodward. So I doubt us spending makes any difference to the glazers.
I doubt they would sell. They have little involvement and make huge money. Why would that be a bad thing?
I doubt they would sell. They have little involvement and make huge money. Why would that be a bad thing?
The white Apple logo would look better than that hideous Chevy one
Thanks Simon, good post.
No chance of them selling anytime soon. Why would you if you were them?
Best time to sell in fact.
The bubble of PL isn't going to bust at least yet for the foreseeable future. It might not be able to extract much more from viewers in UK or even Europe but the potential is there in other markets, e.g. US, and Asia. Also the potential in streaming and those of digital contents been working on. So UTD as a brand will still gonna be good and expanding. Glazers won't want to sell in the immediate future.
Regarding the player fees, I think UTD still be able to compete with anyone for majority of players. With the likes of Mbappe and Neymar, we should understand that players has specific clubs in their mind. Mbappe wants Madrid. Neymar, you just can't realistically buy him without paying his release clause. Only PSG and City can do that. And it kinda took Barca to brazenly testing PSG backers "face" with publicly tapping up Veratti to get to this reaction.
Moreover, I'm sure most club owners and CEO will know for sure that the price of players can't keep going as high, hence, the stance we been taking re Perisic. Yes, you can say that City keep buying high and distort the market in a sense but it's kinda a transitional phase for them as Pep is building his squad to implement his "genius" vision of playing football in only one way. It's just his style and only city can afford him to do that. There'll be more measure in a couple years such post above mention like Transfer cap, salary cap or even something like FPP.
Regarding the player fees, I think UTD still be able to compete with anyone for majority of players. With the likes of Mbappe and Neymar, we should understand that players has specific clubs in their mind. Mbappe wants Madrid. Neymar, you just can't realistically buy him without paying his release clause. Only PSG and City can do that. And it kinda took Barca to brazenly testing PSG backers "face" with publicly tapping up Veratti to get to this reaction.
Moreover, I'm sure most club owners and CEO will know for sure that the price of players can't keep going as high, hence, the stance we been taking re Perisic. Yes, you can say that City keep buying high and distort the market in a sense but it's kinda a transitional phase for them as Pep is building his squad to implement his "genius" vision of playing football in only one way. It's just his style and only city can afford him to do that. There'll be more measure in a couple years such post above mention like Transfer cap, salary cap or even something like FPP.
I don't think they will sell.
I think it's actually more likely they will raise more debt against the club at some point, maybe to fund another sports team purchase.
I think it's actually more likely they will raise more debt against the club at some point, maybe to fund another sports team purchase.
Pl tv money has went up, we are back in the ucl that means more money from ucl and Adidas. The value of the club continues to soar. Glazers might not make a lot from dividends but they are not gonna sell an asset that continues to grow so much
PSG and Man City are competing?
I read that the Facebook guy is interested in owning a football club in England, just imagine Facebook on our jerseys. Nightmare
We've spent something like 110 million this summer. Why on earth are people behaving as if we're having a conservative summer? We spent 150 last summer. We'll spent around the same this summer. Did the same under Van Gaal. We're one of the biggest spenders around. But there's more to being successful than just spending. You have to get the right players and then get the most out of all the ones you have. That, we don't do.
Success doesn't really matter any more. We've been in a fallow period for over half a decade and yet the club's value continues to grow. All that the Glazers need to do is to occasionally invest in a marketable player or two (e.g. Ibra, Pogba and potentially Griezmann in January), and as long as we don't do shockingly poorly we'll maintain our global fanbase. It's not really about football now, it's about brand and the one thing that the Glazers have done well is to promote our club as a brand, particularly abroad. Kids in Asia don't care about the quality of football we play or the trophies that they win. They just like to wear our shirts or eat our noodles or drive our tractors.
It's right that we'd be unlikely to sell to someone who's after a football club as part of a vanity project. It's much more likely that we'd be sold to a company or consortium who are interested in leveraging our global brand for profit. It's sad really.
You would almost think you were talking about Arsenal there.
The value of United is about 3 times more than they bought the club for less than 15 years ago. There is no indication that the market has peaked. So ... we are not even close to them contemplating selling.
And if they do wish to sell in 5-6 years. Who would pay .. let us say £4 billion to buy the club ? Who could afford it and at the same see any value in it.
Let's pitch in and make them an offer they can't refuse.
I'll start by contributing 5£.
I'll start by contributing 5£.
Pogba was a good investment. If he moves on it will be for more than that. We just need to improve our business model and compete from a different angle. That probably means not paying huge sums of money for players that are very late 20s, so might rule out Bale this summer, but probably means more chances for players like Martial and Rashford - grow our own timber
I don't see them selling. They'll probably lobby for workable FFP rules to limit the abilities of the sugar daddy clubs.
Hopefully no time soon, because no one is buying United with £2.7b of their own money. It would probably be another leveraged buyout.
Doesn't seem likely that they'll be thinking about that short-term or even medium.
United is a cash cow for them and there's no reason to think that will change any time soon. However, I can see them selling out, gradually, if they sense a change in the air (dunno what that'd be, specifically, but a tougher market - obviously - in one way or another, less opportunities for milking the brand, etc.).
Their shares are divided between Malc's kids (I don't have the exact figures there), which is another thing to consider. They aren't ONE owner, in that sense, so who knows. Perhaps one or two may want to cash in, having different plans for growing their fortune - just pure speculation, obviously.
United is a cash cow for them and there's no reason to think that will change any time soon. However, I can see them selling out, gradually, if they sense a change in the air (dunno what that'd be, specifically, but a tougher market - obviously - in one way or another, less opportunities for milking the brand, etc.).
Their shares are divided between Malc's kids (I don't have the exact figures there), which is another thing to consider. They aren't ONE owner, in that sense, so who knows. Perhaps one or two may want to cash in, having different plans for growing their fortune - just pure speculation, obviously.
Yeah, Gill - the old rag - has a job to do there.
Pretty much all that needs to be said. We could probably spend close to 200m each summer and Glazers wouldn't really be bothered. We're funding our transfers unlike the oil clubs.
Our next owners will probably be Chinese, club motto "One Belt, One United Road".
get a kickstarter running. I have 20 quid in my wallet that I am unable to spend so might as well donate.
I suspect they'll gradually reduce their ownership over time by floating more shares on the stock market. They obviously won't want to sell too much at once or the supply will outstrip demand and they won't get full value.
And people would still wait in line to get them.
Sky and BT are losing football subscribers in the thousands at the moment to people just streaming it instead. That contract is a large part of our income at the moment and it's not guaranteed to be the cash cow it has been moving forward. That along with us probably reaching peak marketing exploitation, we don't really have anything else left to hawk off, and generally fixed stadium revenue which isn't likely to increase dramatically moving forward. Means we have probably reached peak value.
We're back in the Champions League again, are at least mentioned in the same breath as the other great clubs in Europe and have a squad lightly dusted with some superstar quality.
I do think they want to sell but don't need to find a private buyer. They can just refloat us and will probably be able to get somewhere close to the £2.6bn we're valued at due to the figures we are churning at the moment. Added to that there was the Duncan Castles talk the other day about the Glazers not wanting to get too heavily involved this window and wanting to turn a profit. A healthy profit made in the last financial year will help with upping the value come share offer time.
They used £150m of their own money (I think) and financed the other £550m against the club. Assuming there is still £300m left out standing and, being kind to them, assuming they clear that debt with the proceeds of the float, that still leaves them with a cool profit of over £2bn. Not bad for a few years work and probably an opportune time to get out before any potential crash.
Well, they've sold a bit more to Nick Train, one the most respected UK fund managers. He certainly used to own a chunk of Juve too- not sure if he still does.
He reckons United's market cap is worth double its current value, saying that big internet incumbents will come into the TV rights bidding wars.
Another big name investor to go with Soros.
You can read his views here. http://www.finsburygt.com/
He reckons United's market cap is worth double its current value, saying that big internet incumbents will come into the TV rights bidding wars.
Another big name investor to go with Soros.
You can read his views here. http://www.finsburygt.com/
Interesting bit about the possibility of Facebook or another internet provider entering the bidding war for broadcasting rights, Im always tempted to see these TV deals as the proof that football is in the midst of a bubble and that at one point someone will realise theyve overpaid and the whole thing will go into reverse but the possibility of more bidders certainly undermines that theory. I liked the rationale for paying so much for the rights too: sport is like a hit show every bit as engrossing as The Wire, it goes on season after season and there is no risk of it ever being cancelled. When you look at it like that its easy to dismiss concerns about the bubble.
Do you know if the shares being sold more recently had voting rights? The ones from the IPO didnt I dont think, so presumably these are the same? Or, if family members are selling their own shares now, does that mean these ones do have voting rights?
I have read recently that a Chinese billionaire is buying up a lot of shares lately. The Glazers own 56% and there is 6 of them. The Article I read was in a Sunday Newspaper that I picked up in the pub some time ago.
It said that if 1 or 2 of the Glazers were ready to sell that this guy would buy. Anyone read this article as I never heard anymore about it and I am sure we would have had someone on here mention it, if there was any truth in it.
It said that if 1 or 2 of the Glazers were ready to sell that this guy would buy. Anyone read this article as I never heard anymore about it and I am sure we would have had someone on here mention it, if there was any truth in it.
Facebook is very much serious for broadcasting rights of sports. I'm not sure if you're aware of Indian Premier League(Cricket related) but FB just bidded 610m dollars for the digital rights, they were outbidded but they were willing to spend such a large amount of what's essentially a two month tournament(The rights were of five years).
Just googled it, in the Sunday Times so I cant read it. There are various tabloid reports too but the few I scanned reference The Times article and dont have any actual information themselves Looks quite speculative to be honest but there could be something in it.