No wonder the ads increased on redcafe. Niall is buying the club.
Glazers looking to sell off a minority share & bring in a new Investor
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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?
Yep. It’s a crack in a dam wall. They are at a huge financial risk. Recession incoming. Perfect time to cash out.
Amount of people acting like they have any fecking clue is honestly just cringe.
We're all monkeys, speculating on a forum on a Wednesday afternoon. Maybe have the self awareness to bear that in mind
We're all monkeys, speculating on a forum on a Wednesday afternoon. Maybe have the self awareness to bear that in mind
We need to see the details before we know how significant it could be. How much are they thinking of selling? We can't trust anything they say.
I am perfectly aware of this. I just enjoy speculating and heated debates over the Caf fantasies. Why are you on the Caf if don’t love that?
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Chelsea just sold for £4.25bn! You think we'd sell for less?
Fans are just desperate to get rid of the Glazers and will grasp at any straw which hints at bringing that about. I don't blame anyone for that.
Because the owners of the 51% could vote to stop dividend payouts and sack people and replace them with competent football people.
Glazers: "You're saying we can sell another minority stake of the club, pocket all of it, and still run the club into the ground? 
"
"Speak for yourself mate
Fans should change abstract Glazers Out! to something like Sell it or Lose it with massive unified boycott of the club. Musk’ tweet put the club into spotlight. We can force them.
The boycott must be easy for a fan to do. Social networks. Kill Man United everywhere
Who would we be willing to own the club after the Glazers should they eventually sell?
I know most billionaires don’t have the cleanest slates but what are we drawing the line at? And how do we prevent the next bunch not being the same if not worse than these rats?
I know most billionaires don’t have the cleanest slates but what are we drawing the line at? And how do we prevent the next bunch not being the same if not worse than these rats?
If these people sold just enough of their shares to relinquish their majority to someone with any sort of clue, their remaining shares would end up worth more than their current controlling stake is.
I would guess somebody who ultimately wants to get control and sees it as a step towards that...
China Investment Corp? They could certainly afford it
Don't understand the logic?
Could it be that the (potensial) new minority share owner is just the M.U.S.T.-share scheme that has recently been reported?
On the M.U.S.T-scheme; I don’t get why we as supporters would want to help out the club (the Glazers) with improved liquidity through a capital raise..
Sure the money raised can be earmarked for “football-purposes”, but I would claim that it’s like pissing in your pants to keep warm if the actual goal/hope is to get rid of the Glazers..
On the M.U.S.T-scheme; I don’t get why we as supporters would want to help out the club (the Glazers) with improved liquidity through a capital raise..
Sure the money raised can be earmarked for “football-purposes”, but I would claim that it’s like pissing in your pants to keep warm if the actual goal/hope is to get rid of the Glazers..
We can influence that.
So the majority owner can decide that the minority gets feck all?
extremely far fetched
they won't want to cede control of the decision making
dividends is just a minor part of the story for them
I don't know the exact numbers or anything but they put something like ~$300m of their own cash into this, and they've managed to suck out around ~$400m in divs over the last 15 years or so
but if they can sell the club for $4bn+ profit, which it seems is possible, that is a 10x pay-day in comparison
their aim is to achieve the highest possible sale price, and to get that they will obviously want to remain in control (to push us towards super league or whatever other such bollocks they can come up with)..
Many economy experts and finance journalists claim that announcing interest in majority sale lowers value and that they are most likely looking to get rid altogether. No investors would be interested in chucking money at the Glazers and let them keep making terrible decisions.
Also, isn't acknowledging a potential sale adding even more fuel to the fire? I'm sure protesters will be buoyed by the news and push even harder, the fanbase might even unite for once.
I'll take their word for it and get giddy over getting depressed by grumpy cafites.
Also, isn't acknowledging a potential sale adding even more fuel to the fire? I'm sure protesters will be buoyed by the news and push even harder, the fanbase might even unite for once.
I'll take their word for it and get giddy over getting depressed by grumpy cafites.
Yeah that would be my guess too. They have money to throw away in search for long term objectives.
Why would anyone pay that much for a club that is controlled by useless owners, who refuse to invest in the future of the club?
I actually think the conditions are prime for the Glazers to sell. Interest rates are going up, which instantly devalues the club and hits revenue. Little chance of CL football and the loss of commercial income without significant player investment. And we're losing money and the ability to sign top players due to poor facilities in comparison to rivals.
The first things any investor will look at will be what assets the club owns (our infrastructure needs significant investment and our players value has never been lower), the club debt (huge and rising), and the staff/ leadership structure to turn the club around (who they'll have no faith in and are all Glazer yes-men).
We probably need 0.5bn spent (very well) on players to compete, 1-2bn on a stadium, 50-100m on upgrading our training facilities and excellent player and staff recruitment before we're even close to being a major European force again. If you invested 1bn for 20%, your money wouldn't even pay for all top infrastructure improvements required, and then a huge chunk of the profits generated would be leached out of the club instead of reinvested.
Why would you bother?
I actually think the conditions are prime for the Glazers to sell. Interest rates are going up, which instantly devalues the club and hits revenue. Little chance of CL football and the loss of commercial income without significant player investment. And we're losing money and the ability to sign top players due to poor facilities in comparison to rivals.
The first things any investor will look at will be what assets the club owns (our infrastructure needs significant investment and our players value has never been lower), the club debt (huge and rising), and the staff/ leadership structure to turn the club around (who they'll have no faith in and are all Glazer yes-men).
We probably need 0.5bn spent (very well) on players to compete, 1-2bn on a stadium, 50-100m on upgrading our training facilities and excellent player and staff recruitment before we're even close to being a major European force again. If you invested 1bn for 20%, your money wouldn't even pay for all top infrastructure improvements required, and then a huge chunk of the profits generated would be leached out of the club instead of reinvested.
Why would you bother?
It’s difficult to see why a billionaire without an ulterior motive would buy us. The only alternative to a morally corrupt owner is an American with an ego and big pockets.
Not wanting to spend
Typically if your about to sell you will invest just the bare minimum to make sure the asset doesn't loose too much value, in that way the outgoing person will make the maximum money. Its a bit like selling your house, and then deciding on installing a new boiler, new radiators afterwards. Just doesn't happen, let the new person deal with that.
The lack of real spending power by Man Utd this year coupled with comments made about their not being much money next summer for the manager is rather telling in itself.
Of course ultimately the Glazers may decide to keep milking the cow as long as possible.
Given the amount of monkeys, you don't think there's a good chance some of them might be in the banking or finance world and actually have an idea about how things work?
" As of 31 March 2022, the Company’s issued share capital comprised 54,478,046 Class A ordinary shares and 110,207,613 Class B ordinary shares." - https://www.sec.gov/Archives/edgar/data/0001549107/000110465922065957/tm2216753d1_ex99-1.htm
Glazers own the Bs. As are public. So they own about 67%.
decades of cheap money for loans is coming to an end (structurally) so not surprised to see Glazers want to see themselves out of a company who will need major capex.
Sounds like a PR stunt.
I don't see it as disastrous or that meaningfully impactful. Divs come out every year anyway.
At the end of the day a takeover still requires one or more of the Glazers to agree to sell, so not much will change on that front.
It might potentially make the club worth more, but only if the investors coming in bring added value.
It's becoming more and more obvious that there wasn't enough money for the current transfer window. And it seems like people on the football side of the club have only realised that in the last month, hence the Glazers are trying to bring some investment in.
I think the minority stake will eventually lead to a full sale. Unfortunately for us it has affected the current transfer window. But hopefully the new investor will lead to a bigger change in the coming months/years.
I think the minority stake will eventually lead to a full sale. Unfortunately for us it has affected the current transfer window. But hopefully the new investor will lead to a bigger change in the coming months/years.
Just going to copy my post addressing this from earlier in the thread....
That's not how valuations work. Also, Chelsea had 1.5 billion pounds of debt, no public market for the equity and the 4.25 billion number includes estimated investments of 1.75 billion, so it's more like 2.5 billion pounds with 3/5 of that being the debt pay off.. " It is reported the new owners plan to invest £1.75bn into the club, placing the overall takeover value at £4.25bn. " - https://www.skysports.com/football/...-4-25bn-takeover-as-roman-abramovich-era-ends
Cheers
Yeah I feel the same. Thing we need to be majority fan owned and ensure that any wealthy owner helps the club and not just milk us dry.
Don't expect anything Tom McDermott tweets to ever have any logic behind it
Because it is. Typical damage control tactics. I'm not falling for it.
you think the Glazers will sell shares to help fund the club? that seems extremely unlikely at this point
I think they will sell some and keep 100% of the proceeds for themselves
No they didn’t.