Club Sale | It’s done!

[Shakesy]

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Awww, the nice old man wished us all a happy Thanksgiving.

 

[Samid]

NYSE closed today and half day tomorrow. No news before Monday

 

[mitchmouse]

That wont happen. Who in their right mind would give those incompetent owners their money. They are selling because that is probably not an option now.

Only a guess, but the Glazers might be "feeling the pinch" given the rise in interest rates. It might be that they pretty much have to sell. I agree with you that no sane person would buy in as a minority owner but, and I know little about these things, maybe someone would to become the majority stake holder and become chairman

 

[mitchmouse]

I caught the end of a conversation on the radio and thought I heard someone mention the possibility of selling OT and moving elsewhere. Surely I misheard that, right? Anyone else hear anything similar?

 

[mu4c_20le]

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[Real Name]

If its a state, people shouldn't complain.

Are you sure about that one?

 

[crossy1686]

I caught the end of a conversation on the radio and thought I heard someone mention the possibility of selling OT and moving elsewhere. Surely I misheard that, right? Anyone else hear anything similar?

That will never happen in English football. The football teams are too rooted in the community that founded them.

 

[Zippycup]

I think everyone is being a little naive here. This 'story' was obviously timed just after the Cristiano story to stop people talking about that.

The club were praised for the actions in regards to Ronaldo.

 

[phelans shorts]

Bloody hell. Some of the replies on here.

We have been through 17 years of shitty ownership and we have fans on here arguing over things that haven’t even happened yet. It should be celebrated that the Glazers are even considering selling let alone putting the club up for sale.

Forget about the purchase price. That means little to us. What we need is an owner who is willing to invest at least 1+ billion into the infrastructure of the club and probably another billion into the playing staff over the next 3 or 4 years.
That’s an astronomical amount of money and the pool of people who can afford to do that are minuscule, the pool is even smaller for people who want to do it.

We have two options as far as I can see.
1 – An investor or investor group who will want to see a return on their money. Profit before success.
2 - A state that will use the club for PR purposes but will run the club effectively and not for profit.

Neither option is great but we are just too big off a club now to have any other options. Maybe people are underestimating just how much £1 billion is let alone £8 or £9 billion

I am more than happy for option 1 to happen. The easiest way to generate profit is to be successful.

 

[Godfather]

The more I think about it the less I want the yanks or Ratcliffe. I hope for Dubai. We are going to get fleeced again with the other options.

 

[Member 101269]

Yeah and apparently running his current club badly,FFS Utd please do some proper research into that before going any further

You mean the £100m club, it's not comparable. With figure of £10b being banded about please explain how Jim Ratcliffe can afford the purchase, stadium investment etc etc and jis usual double the money in 5 years

 

[crossy1686]

The more I think about it the less I want the yanks or Ratcliffe. I hope for Dubai. We are going to get fleeced again with the other options.

I've also come to terms with being owned by Dubai, as much as I don't like it, it's the only way we're all happy in the long run.

 

[Baneofthegame]

Imagine the Saudis must be annoyed they stumped up for a Newcastle and both bud and Liverpool are now available.

 

[TheReligion]

I think everyone is being a little naive here. This 'story' was obviously timed just after the Cristiano story to stop people talking about that.

We already knew the Glazers were seeking investment to fund stadium redevelopment and that a sale was possible but not preferred.

I don't think anything has changed and that a sale is no more likely now than it was in the summer when Jim Ratcliffe said they didn't want to sell.

How naive

 

[Plant0x84]

Reeks of nepotism, it seems. Imagine he put a relative as our DOF instead of the best in the market? CAF will go into meltdown.

The caf will meltdown whatever happens, much like the rest of the fan base. This is the best thing to happen to the club in 20 years and folk will still not be able to help themselves.

 

[Telsim]

NYSE closed today and half day tomorrow. No news before Monday

Don't hold your breath. Even Chelsea's sale, which had to happen quickly, took months. Ours could easily take a year, if it comes to pass. The Glazers will bide their time waiting for the most profitable offer, maybe stir a bidding war. It will take a long time.

 

[sglowrider]

So whats the solution in your opinion?

The altruistic oil states!

 

[stepic]

I think everyone is being a little naive here. This 'story' was obviously timed just after the Cristiano story to stop people talking about that.

We already knew the Glazers were seeking investment to fund stadium redevelopment and that a sale was possible but not preferred.

I don't think anything has changed and that a sale is no more likely now than it was in the summer when Jim Ratcliffe said they didn't want to sell.

the Ronaldo story is big, but it isn't big enough that they need to fake a story about the sale of the entire club, don't be silly.

given they didn't need to publicly say that a sale is one of the options, clearly we are far, far ahead of where we were in the summer.

 

[Real Name]

The altruistic oil states!

Come one now, they just recently let the women drive, they're all right.

 

[sglowrider]

Avram Glazer doesn’t commit to selling the club in that quote , I can def see a situation where we sell just part of the club for a hefty fee and the glazers cling on.

Of course he will never say he will definitely sell. It would sound like a firesale like Chelsea. No leverage then.
The fact that the are announcing it should be a strong enough indicator that they will sell.

 

[sglowrider]

Come one now, they just recently let the women drive, they're all right.

United will be a platform for Good then

 

[VP89]

NYSE closed today and half day tomorrow. No news before Monday

What news were you expecting

 

[sglowrider]

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The glazers did betray his boy after all.

 

[Zippycup]

There is no way anyone will go as high as £8bn or £9bn. Most I've seen quoted is five. There was some discussion a few weeks ago when Sir Jim R first talked about buying us. I said then it would stir the Glazers enough to at the very least think of selling and I was pretty much shouted down. My guess is one of their bankers is squeezing them now that interest rates are on the rise. No idea what the difference is between what they were paying this time last year and what they are paying now. Astronomical, I would guess.

It would be nice if we could find someone as like Vichai Srivaddhanaprabha as possible. Probably not perfect but seemed decent enough and took the club to heart, but finding that - with he/she being a bit richer -- might be a pipe dream. It is, of course, more than possible we'll get another version of the Glazers. They won't give a damn who they sell to...

If Chelsea were sold for £2.5 billion while under sanctions and the owner was being forced to sell then the new owner(s) of Manchester United will need very deep pockets.
I agree. I think the club will be sold for 5billion (possibly £6b) but that’s not where the new owners spending stops.

Purchase price £5
Debt repayment £515 m
Infrastructure £1b est
Player recruitment £1b+ over 4 years

That’s between £7.5-9 billion

 

[OT1214]

Imagine the Saudis must be annoyed they stumped up for a Newcastle and both bud and Liverpool are now available.

If Glazers were smart they would have flagged their intention to sell when the Saudi to Newcastle links appeared.

 

[Slysi17]

What news were you expecting

Also isn't it a case of buyers making themselves known now. Glazers aren't going to say yep we are selling now

 

[MDFC Manager]

I've also come to terms with being owned by Dubai, as much as I don't like it, it's the only way we're all happy in the long run.

The more I think about it the less I want the yanks or Ratcliffe. I hope for Dubai. We are going to get fleeced again with the other options.

And the other thing is, if Dubai don't buy us, they'll probably go and buy Liverpool instead.

 

[Doctor Thrax]

If Chelsea were sold for £2.5 billion while under sanctions and the owner was being forced to sell then the new owner(s) of Manchester United will need very deep pockets.
I agree. I think the club will be sold for 5billion (possibly £6b) but that’s not where the new owners spending stops.

Purchase price £5
Debt repayment £515 m
Infrastructure £1b est
Player recruitment £1b+ over 4 years

That’s between £7.5-9 billion

Please read the following article - I recommend that very much as it tackles all the questions that we are talking about here - from an economist point of view:

https://www.marketscreener.com/quot...17013/news/GLAZERS-IN-PRICE-SETBACK-42399816/

Two very important aspects from the article, that aren't considered enough in this debate here are quote:

"Macroeconomic conditions such as higher interest rates mean that potential buyers are being more cautious and preferring to wait, sources said.

The already shallow pool of possible suitors could be further reduced by the fact that United are a public company, listed on the New York Stock Exchange.

That means any would-be buyer will have to go public with their offer and their intentions, a degree of scrutiny some investors may not accept, another source said."

(from the above linked marketscreener article)

 

[stepic]

jim feels like glazers mk 2 - profit first.

 

[Ace of Spades]

Leeches is my only no-no. You can argue human rights abuse with anyone -- from BLM to the Qataris. From Trump supporting billionaires to sport washing sovereign funds.

The only thing for sure is that we won't have a higher moral ground to beat the oil clubs anymore -- unless Buddha buys up United. But he would probably be ok even if United was a mid-table club under his control. By then, the Brexit crew would be out in full force.

Yeah, same for me I guess. As long as they are not leeches, and are competent enough to put run the club well I will ne content.

I have no preferences other than that.

 

[arthurka]

If Chelsea were sold for £2.5 billion while under sanctions and the owner was being forced to sell then the new owner(s) of Manchester United will need very deep pockets.
I agree. I think the club will be sold for 5billion (possibly £6b) but that’s not where the new owners spending stops.

Purchase price £5
Debt repayment £515 m
Infrastructure £1b est
Player recruitment £1b+ over 4 years

That’s between £7.5-9 billion

A fiver is a bit much isn't it? I mean the club is in dire straits.

 

[Zippycup]

I am more than happy for option 1 to happen. The easiest way to generate profit is to be successful.

This is true. However, as we all know it can also mean we continue to go commercial.
My preferred option is number 1, but owner has to be right, and that's the difficult part.

 

[Zippycup]

A fiver is a bit much isn't it? I mean the club is in dire straits.

Doh

 

[Mickeza]

The fact he’s actually speaking confirms shit is going down

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[Drizzle]

If Chelsea were sold for £2.5 billion while under sanctions and the owner was being forced to sell then the new owner(s) of Manchester United will need very deep pockets.
I agree. I think the club will be sold for 5billion (possibly £6b) but that’s not where the new owners spending stops.

Purchase price £5
Debt repayment £515 m
Infrastructure £1b est
Player recruitment £1b+ over 4 years

That’s between £7.5-9 billion

I agree, I'd thought somewhere in the region of £8-10bn.

However - the player recruitment could easily come from club revenue (without the debt repayments, dividends etc we could possibly spend £200m net every season?), and the infrastructure could be tied in with loans, sponsorship etc.

I'm not sure how much actual investment we need beyond the purchase of the club and clearing the debt. Just get the club successful on the pitch and let it spend what it generates. We're not City or Newcastle.

 

[Spoony]

jim feels like glazers mk 2 - profit first.

He's be better than the Glazers but I'm not sure how we can expect anything different from businessmen.

 

[Zippycup]

I agree, I'd thought somewhere in the region of £8-10bn.

However - the player recruitment could easily come from club revenue (without the debt repayments, dividends etc we could possibly spend £200m net every season?), and the infrastructure could be tied in with loans, sponsorship etc.

I'm not sure how much actual investment we need beyond the purchase of the club and clearing the debt. Just get the club successful on the pitch and let it spend what it generates. We're not City or Newcastle.

It could. However, the money required to get us competing can be done quickly or it can be done through another rebuilding job.
Champions league qualification is vital if we want to compete for the best players. So a long term fix may not be the best option. Just look at the teams we are competing with for Champions League football let alone the title. City, Liverpool, Arsenal, Chelsea, Spurs and Newcastle

 

[Sparky Rhiwabon]

Could we potentially just get the Glazers raising a big chunk of finance (secured on the club naturally) in order to upgrade OT and Carrington?

 

[Slysi17]

I agree, I'd thought somewhere in the region of £8-10bn.

However - the player recruitment could easily come from club revenue (without the debt repayments, dividends etc we could possibly spend £200m net every season?), and the infrastructure could be tied in with loans, sponsorship etc.

I'm not sure how much actual investment we need beyond the purchase of the club and clearing the debt. Just get the club successful on the pitch and let it spend what it generates. We're not City or Newcastle.

God no I don't want loans. How about we have owners who don't need to do that.

 

[Drizzle]

It could. However, the money required to get us competing can be done quickly or it can be done through another rebuilding job.
Champions league qualification is vital if we want to compete for the best players. So a long term fix may not be the best option. Just look at the teams we are competing with for Champions League football let alone the title. City, Liverpool, Arsenal, Chelsea, Spurs and Newcastle

Yes good point. Maybe a mega-investment in the squad will be required for the first 2-3 transfer windows to radically level up the team to title contending quality and guarantee champions league status. Then settle down to £175-200m net per season after that.