Yeah, if they weren’t a FPI they would have been obligated to announce them within 35 days, right? I am not an expert on US capital markets law, but in any event, it’s not prudent to wait as long as this and it’s much later than they usually announce them.
For non-FPIs, depending on the size of the company, annual financials are due to be filed with the SEC 60-90 days after fiscal year end and quarterly financials are due 40-45 days after the quarter end.
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Basically they’re speculating to accumulate with a sale on the horizon.
We all know why - Its because we're broke!
Thanks! I am in the same field, but in Sweden.For non-FPIs, depending on the size of the company, annual financials are due to be filed with the SEC 60-90 days after fiscal year end and quarterly financials are due 40-45 days after the quarter end.
source: I’m a US capital markets lawyer that used to also do public and private M&A
nice posts, by the way. You know your way around a merger.
They bled the club dry and are on the verge of cashing out to unheard of sums
Does this have anything to do with the Club being for sale, or is it just cause Utd aren’t making as much money any more?
Combination of both.
Not too much in this report really.
Because they’re clueless. All be over soon anyway
No idea.
Personally, it was because of the due diligence delay of the books for a sale.
Pretty sure it was the two rats most involved with the club - Avram and Joel - didn't want to sell and the other ones were pushing for them to do so.
Chelsea didn't sell for £4.25 billion
Yeah you're right. But that's exactly why I think it will be a money no object sports washer who buys us and not a business. Everyone has seen Musk overpay for Twitter and they're not going to repeat his mistake.
Chelsea aren't worth £4.25bn. Chelsea were bought for a reported £2.5bn.
pretty sure Chelsea weren’t valued that high though?
Why?
Absolutely crazy figures. They're so lucky Fergie was there for as long as he was.
Chelsea were sold for £2.5b
I definitely agree on point one. Especially in view of the global macro economy.
I think so, seems the sale (entire or stake) is pretty much forced at this point.
This is why i dont understand why more supporters have not refused to spend money that goes into these leeches pockets and protest.
You're absolutely correct, Fergie's genius somehow kept us at the top domestically. But ultimately it cost the football club and Fergie himself, because we probably could've won another one or two European Cups if the owners hadn't saddled the club with debt. We sold Ronaldo for a world record sum and didn't show any ambition to build a even better team with the proceeds received. The attitude of the owners and David Gill at boardroom level seemed as if they were just happy with the bare minimum. And the decay had even set in at youth level which only became visible years later.
