The headline is fairly misleading, though
Club Sale | It’s done!
- Thread starter JB08
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Ratcliffe wouldn't purchase the club himself, he would do it through INEOS. And no they don't need to pay it upfront.
It’s nearly Wednesday mate!
Where is he magically going to come up with another 2 bil?
Right now, I’ll take a headline that’s pure lies!
Cash only, small and unnumbered bills
It's just hard to take in
4) Conglomerates from Japan, South Korea or India. They are a whole different kind of filthy rich.
There's some real bad NFL owners who are potential bidders. Woody Johnson for example. He's run the NY Jets like shite for a long time and was linked with interest in MUFC prior.
But I think it will be oil money. This is a premium franchise it's not gonna be a Chelsea sale. I'll bet they get close to 6 billion.
He's worth about 18bn if I remember correctly. Nevermind Ineos, who are about 60bn heavy
So lads, who’s gonna slap him for being late?
Ah, cheers! Is it through loans and the like? Extremely fecking giddy right now.
Club statement:
Manchester United plc (NYSE:Man Utd), one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.
The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
The Raine Group is acting as the Company’s exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company.
Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.
There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.
Manchester United plc (NYSE:Man Utd), one of the most successful and historic sports clubs in the world, announces today that the Company’s Board of Directors (the “Board”) is commencing a process to explore strategic alternatives for the club.
The process is designed to enhance the club's future growth, with the ultimate goal of positioning the club to capitalize on opportunities both on the pitch and commercially.
As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.
Executive Co-Chairmen and Directors, Avram Glazer and Joel Glazer said: “The strength of Manchester United rests on the passion and loyalty of our global community of 1.1 billion fans and followers. As we seek to continue building on the Club’s history of success, the Board has authorized a thorough evaluation of strategic alternatives. We will evaluate all options to ensure that we best serve our fans and that Manchester United maximizes the significant growth opportunities available to the Club today and in the future. Throughout this process we will remain fully focused on serving the best interests of our fans, shareholders, and various stakeholders.”
The Raine Group is acting as the Company’s exclusive financial advisor and Latham & Watkins LLP is legal counsel to the Company.
Rothschild and Co. is acting as exclusive financial advisor to the Glazer family shareholders.
There can be no assurance that the review being undertaken will result in any transaction involving the Company. Manchester United does not intend to make further announcements regarding the review unless and until the Board has approved a specific transaction or other course of action requiring a formal announcement.
No they don’t have that obligation
This is brand new information
Leave Howard alone, bless him.
Nothing on TeleText
Imagine the Dallas Cowboys being up for sale in the NFL...Manchester United has similar brand appeal. We'll get sold. I'm now confident.
Wait, this is happening? Never thought I'd see the day
Just when I thought this night couldn’t get any better
Thanks Trigger.
Glazers have been in conversations with American investment firms for months and months to get investment.
The fact that they are now making it public in a statement suggests that a full sale rather than a partial share sale is more likely.
Although the statement doesn't really allude too much to this.
The fact that they are now making it public in a statement suggests that a full sale rather than a partial share sale is more likely.
Although the statement doesn't really allude too much to this.
The club costs billions. Neville has net worth of a few millions.
Ronaldo is the only ex-United player who maybe has half a billion. Rooney may have 150M at most. Probably Ferdinand has a few million as well.
Edit: Totally skipped Becks. He has almost Ronaldo like money I believe.
Nobody cares about the cowboys outside of the US though, and are they still relevant
I hate that Ronaldo is somehow going to take credit for initiating this.
For a large part they are awful. The only thing that save them is that major leagues have a strong say on how franchises are run and the system is based on creating an even playing field, so even if you are utterly incompetent you can still luck your way to success or at least respectable mediocrity.
No probs Dave
As discussed in the summer, still think that strategic co-investor is the most likely route forward, with the Glazers selling a chunk of the club, maybe with a few of the siblings cashing out entirely (see City and the Silver Lake partnership). No other way for them to fund the necessary stadium/infrastructure developments.
Elated the leeches might leave, still a bit shocked and not fully believing it, slightly dreading who could be new owner and if I end up being a lifelong fan of a club serving as a toy for an autocrat/billionaire with inferiority complex
Or be the New York Jets
At least Ronaldo can now put his mouth where his words are.
What would he have to spend on the club after the £6billion?
SIUUU
He won't, I don't think it happened overnight.
No we won't
Chances any new owners will be better or worse than the Glazer era? What do we reckon? 60/40?
You can count out the Indian billionaires first and foremost. Football is not where they gonna dump their money. Regarding Japan and South Korea, Never heard a billionaire from those countries with any interest in owning a football club? Do they own any club in any of the big leagues?
Well shit. Ok then.
I don't particularly want Dubai either so all aboard the Jim Ratcliffe train!
You can bet on Piers Morgan trying to take credit, though
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