I'm not having a lot of faith in them selling before next season starts..
Club Sale | It’s done!
- Thread starter JB08
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No it’s not if Ratcliffe doesn’t stump up the money Glazers want, they’ll take the part sale. No if’s or buts. What Ratcliffe does or doesn’t do doesn’t mean shit to the sale or part sale of the club.
& you know Ratcliffe is the only one how? There could and most likely is more than one buyer for the whole club. The rest are keeping their interest firmly private.
How so? Because not everything is public every step of the way. I’d be very surprised if the sale isn’t further along than we are lead to “believe” in public. Just let’s all have some patience. Long way to go yet.
In the overall scheme of things, it hasn't been that long since the initial announcement from the club. What's making it seem like a saga is jumping over every nonsense story that's virtually just journalists noticing someone is wealthy and writing based on that - and nothing else - there could be interest to buy. And Sir Jim's regular effort once every few weeks to talk about interest in buying yet for some reason as far as we can tell has yet to make a bid. In the same way you'd go to Tesco every week, announce your intention to buy shopping to the customer service girl every week and leave without attempting to actually purchase anything.
They know how to work football fans and treating this like some transfer saga as they have done keeps us all on the line.
It follows the same pattern. Sports writers know feck all but know there's money to be made pretending they do.
Wouldn't surprise me if we were bought by someone whose name hasn't ever been directly cited in this thread or any Mike Kegan article
They know how to work football fans and treating this like some transfer saga as they have done keeps us all on the line.
It follows the same pattern. Sports writers know feck all but know there's money to be made pretending they do.
Wouldn't surprise me if we were bought by someone whose name hasn't ever been directly cited in this thread or any Mike Kegan article
Even if Ratcliffe is the only bidder, it will be done before the summer.
Admire the faith
The part sale thing is a non starter, it's the worst option for them by far, it was most likely only put there in case an offer for a full sale didn't materalise.
This is their end game, they've reached the end of the road, and just because they want £5-£6 billion, doesn't mean they won't take £4 billion if Ratlciffe is the highest bidder, it's a massive return for them, tbf a £1 billion offer is a massive return for them, and utterly undeserved.
The biggest danger for me is that we are totally at the mercy of the Glazers, which will just mean the highest bidder, with no care about how it is been funded, what their motives are, and how it will impact United long term.
Oh to have a Chelsea like bidding process, where it is taken out of the Glazers hands.
It's been literally 2 months since the announcement. I see absolutely no reason we would not know who the buyer is before the end of March. Then a couple months for formalities.
Not if he offers £3b it won’t. They’re looking for big money and he will offer what he feels United are worth, not what they want.
The people who actually think they’ll still be here in the summer
Talk about glass half empty. It’s obvious. They are going. No partial sale. Non starter.
What is that based on?
How many other corporate takeovers and buy outs do you monitor for a comparative timescale
This isn't a transfer.
Surely the Chelsea sale proves how fast it can be done if everyone involved is focused on a set timescale.
There isn’t a hard deadline in this case. And also Raine group have already stated they anticipate sale this quarter so not sure what the problem is here.
The timescale for the Glazers is to be in sold negotiations by at least the summer so they can avoid spending if they’re still here. They want out before the summer so someone else gets the flak of spending and if they’re still here they’ll want to be deep into talks and therefore can’t spend.
That's what I was saying, the end of March timescale was clearly stated because it's realistic, which some are questioning.
On constant reports from various reliable sources that we target a Q1 sale, having set mid Feb as a deadline for any formal bids? And we are starting to see more and more reports from various parties showing interest which falls in line with everything so far. What is the "not having a lot of faith in them selling before next season starts" based on?
When Chelsea were sold the US and most of the world economy wasn't in the process of starting to fall off a cliff,
The US government has just run out of money and cannot borrow any until Congerss votes for a debt ceiling raise, unless that happens, and with the idiots in the US House it might not, the world economy will crash, if that happens nobody is likely to be buying or selling football clubs and certainly not at the prices being touted at present
One thing I think people are overlooking is that the Glazers are not one single entity now.
After Malcolm passed away I think they owned 97% of the shares that were split equally between the 6 siblings.
It has been reported that Joel and Avram are- were opposed to selling, and I believe two of the brothers have already sold SOME of their shares.
Joel and Avram were reported to be looking at buying out the other siblings but couldn't it seems raise the funds.
Darcie has been reported to have borrowed heavily with the shares in United as collateral, so with rising interest rates wants to sell her 18%.
Bryan, Kevin, Edward I have heard nothing about.
So, if the new "buyer" bought out the 4 siblings, it not Avram or Joel, they would have circa 66% owners, with the other two having little say.
Why would the new owners accept this or anything but a full takeover?
The savings in initial purchase would be £1.5 billion (roughly), money that could then be it into a new stadium which with naming rights would be paid for and a revamp of Carrington.
Why would the two brothers agree to it?
If they feel that the overall value is likely to increase, either with a new ground bringing in a LOT of extra match day revenue, the ESL being brought back to discussion and coming into place, or clubs being allowed to negotiate their own broadcasting deals, they might think that in ten years time, the price per share could double.
Just another possible option that I think should be considered in discussions.
After Malcolm passed away I think they owned 97% of the shares that were split equally between the 6 siblings.
It has been reported that Joel and Avram are- were opposed to selling, and I believe two of the brothers have already sold SOME of their shares.
Joel and Avram were reported to be looking at buying out the other siblings but couldn't it seems raise the funds.
Darcie has been reported to have borrowed heavily with the shares in United as collateral, so with rising interest rates wants to sell her 18%.
Bryan, Kevin, Edward I have heard nothing about.
So, if the new "buyer" bought out the 4 siblings, it not Avram or Joel, they would have circa 66% owners, with the other two having little say.
Why would the new owners accept this or anything but a full takeover?
The savings in initial purchase would be £1.5 billion (roughly), money that could then be it into a new stadium which with naming rights would be paid for and a revamp of Carrington.
Why would the two brothers agree to it?
If they feel that the overall value is likely to increase, either with a new ground bringing in a LOT of extra match day revenue, the ESL being brought back to discussion and coming into place, or clubs being allowed to negotiate their own broadcasting deals, they might think that in ten years time, the price per share could double.
Just another possible option that I think should be considered in discussions.
Another reason why the part sale is nonsense, the Glazers will take less than £5 billion if they have to, and it'll all be done as quickly as possible.
Quickly - I suspect not, it's been 6 months already + no investor consortium is going to fork out billions for something that might lose a substantial amount of it's share value in the coming months, that woudn't stop a state fund but anyone else looking to make money will be looking at that issue
Agreed, but they/we are broke and need to sell. There will be negotiations and they should meet in the middle in that scenario.
The Glazer's aren't broke and don't have or need to sell, it's a choice on their part
The Glazers are fine, they know what they own, it costs them nothing to just hold United for the next however many years and not give a feck if we can’t compete in the market.
Anyone concerned that this current situation of the ownership of the club being up in the air is going to once again mess up any forward planning for transfer business to be done this summer and I include making any pre- agreements this January with players from other clubs that only have 6 months left on their contract
Of course it's going to affect, I don't think I'll affect contract renewals but It definitely affects incomings.
The selling of the club has to be the most important thing. Games like today show the mismanagement of the club by the Glazers.
The United shares are classified as Class A and Class B shares with the ones held by the Glazer descendents having 10 times the voting power to those available for sale on the Stock Exchange and whats more they lose their voting power the moment they are sold. What this effectively means is that as long as it is not Joel or any other Glazer buying them the remaining Glazers can own a minority stake and still remain in control.
So the siblings who want out are screwed if they are not selling the club as a whole because their shares will be worthless in terms of determining who has strategic control of the club. I doubt there is anyone who has studied how the Glazers have run down this club and still decide to saddle a couple of billions with them and then not have a say in how it is used.
Club can’t be sold soon enough. Half decent investment this month & we’d be competing for the league. Instead we’re scrapping the barrel whilst EtH makes do by coaching his limited resources up.
Hope we're actually sold in q1 2023.
The countdown continues.
The countdown continues.
I imagine if INEOS are declaring their interest this past week then we’re not far away from the auction starting so to speak. We should know the new owner come April at the latest judging by past stories.
It’ll be interesting and maybe exciting to see who is going to be throwing their hats into the ring in the next few weeks.
It’ll be interesting and maybe exciting to see who is going to be throwing their hats into the ring in the next few weeks.
I hope I'm wrong but come the end of the season I suspect we'll still have the same owners
Yes. And the rumours of tight arsed Ratcliffe going for us are not helping my mood
Tight-arsed eh, what's a couple of billion quid huh?
Yeah, that tight arse with his multi-billion quid bid. Bet he doesn't even buy his round down the pub, the fecking miser
Thing is he might not have wanted to spend loads at Nice as PSG would still have likely won the league. You don't always need to spend a large amount if you have a great scouting network. Also need to keep an eye on contract situations on players, if the player is close to his contract expiring get in there.
If he can’t get Nice to become the 2nd best club in Ligue 1, what hope has he in the premier league?
GLAZERS IN
New his Brexiteer mate Tim Martin gives him freebies
Thing is if he was half committed to winning he could easily have made Nice the second/third biggest club in France.
Maybe it depends who had helping to run the club with him.
His Nice team is a tragedy
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