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Club Sale | It’s done!

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Swedish_Plumber

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There is surely no way they’re staying right? I know they don’t give a feck but the atmosphere towards them will be truly toxic if what Ogden is saying happens.
 

AltiUn

likes playing with swords after fantasies
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There is surely no way they’re staying right? I know they don’t give a feck but the atmosphere towards them will be truly toxic if what Ogden is saying happens.
You’d see protests unlike anything seen in English football before if they tried to weasel out of a sale now, protests like what happened against Liverpool but dialled up to 11. People are done with them.
 

P-Nut

fan of well-known French footballer Fabinho
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The amount of games that would be postponed if the Glazers stayed would be insane. It'd make the Liverpool protests look miniscule
 

MUFC OK

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Was this ‘11th hour’ Elliott thing no coincidence and the plan all along? Would not at all be surprised.
 

JPRouve

can't stop thinking about balls - NOT deflategate
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Was this ‘11th hour’ Elliott thing no coincidence and the plan all along? Would not at all be surprised.
We have known about Elliott since Friday. Ogden is a bit late on this one.
 

Chief123

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I have heard a few fans who suggest if the Qataris take over we will be so successful it will get boring. Success will not be that sweet. PSG or City have not yet been successful in Europe. Anyway, as a fan, I will never get bored of watching the best talents doing their business at Old Trafford.
Agree. You can never be bored of winning. Anyhow, it’s naive for anyone to think a Qatari buyout guarantees success. Our spending wouldn’t be much more than what we’ve been doing.
 

Chesterlestreet

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A key line in the piece - Sources involved with the bidding process have told ESPN that Elliott Management's proposal is for "possible financing, not a bid for the club."
Wonder if they'd be interested in doing a deal with Ratcliffe.

As in: backing him to a degree in a scenario where the price gets pushed up towards the supposed asking price (which Ratcliffe probably isn't keen on matching outright).

Someone on Reddit (I think it was) suggested this (or something like it) as a possible scenario: they set up a company of the sort that owned Milan to buy a certain percentage of the shares, with Ratcliffe being the majority share holder.

No idea how likely something like that would be.

But old Jim reportedly is not keen on matching the supposed asking price, so in theory something like this might appeal to him: he'd end up owning the club, only with a silent partner (of sorts), so to speak.
 

Sultan

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If Glazers get 5 Billion for the sale they could make more in interest payments than they would take the Elliot management route. Their proposal will not come any cheaper than borrowing from a traditional bank. It's a negotiating tactic. Basically, banks are presently concerned with the debts loaded on the club and its ability to sustain the debt. Hence the Glazers had to put up for sale signs.

The club's worth and its ability to sustain/pay its debts is a different case.
 

C'est Moi Cantona

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I don't get how it stacks up, we need £1 billion + for the infrastructure, and then the other Glazers will still want out, so maybe another £1 billion to keep them quiet for a few years. So how are they paying back this £2 billion?

Do Elliot just sit there until they sell up to get a return for a set percentage, or will this debt need servicing by the club? If it's the former then the club is going to have to increase its value by at least 50 % for it to be worth it, if it's the latter then they'd better go into hiding.
 

Rightnr

Wants players fined for winning away.
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Elliot need hounding. Need to make it very clear this is a non starter.
Great. And what was it? 15% interest? If fans were to send one message to the Glazers, it is that we want these feckers out. Bunch of parasites.
 

Utd7

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Wouldn’t be surprised if INEOS and Qatar immediately made their bids public knowing about Elliot’s interest?

Start building fan support for a full takeover so there’s no turning back.

The Glazers remaining despite the option of full takeover would be untenable for them and ultimately ugly.
 

Roboc7

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Was this ‘11th hour’ Elliott thing no coincidence and the plan all along? Would not at all be surprised.
More likely it’s just trying to get the best price.

They can’t load more debt on the club as it can’t be serviced so any financing is going to involve them diluting their shares or paying the debt themselves.
 

JPRouve

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Yeah I was referring to it being an ‘11th hour’ bid as was reported on Friday.

would not be surprised if it happens.
I don't think so. I was reading older articles and Raine were if I'm not mistaken in contact with 17 potential bidders. These bids are supposed to be private and it's totally possible that the three that we heard directly from just went rogue while the others are quiet about it.
 

Rightnr

Wants players fined for winning away.
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Also, isn't it typical Glazer hypocrisy to cry about leaks and then immediately leak that they don't have to sell to force others to up their price.

I genuinely detest these people.
 

Adam-Utd

Part of first caf team to complete Destiny raid
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If the Glazers wanted to stay.... maybe they wouldn't put the club up for sale? :lol:

Ogden is just click baiting his ass off.
 

Solius

¯\_(ツ)_/¯
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Do the anti Qatar people prefer Glazers or Qatar? Genuine question?
Qatar. Purely for the sake of the club because I recognise the Glazers have to go. Any longer and this club will be in serious financial trouble.
 

Ubik

Nothing happens until something moves!
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Wouldn’t be surprised if INEOS and Qatar immediately made their bids public knowing about Elliot’s interest?

Start building fan support for a full takeover so there’s no turning back.

The Glazers remaining despite the option of full takeover would be untenable for them and ultimately ugly.
Apparently there are NDAs involved. Not sure how that squares up with the statements already released but there you go.
 

Sultan

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An old guy behind me in the South Stand today was being so racist towards the Qataris and angry towards the singing section. This was after they started singing anti-Glazer songs.
 

Rightnr

Wants players fined for winning away.
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If the Glazers wanted to stay.... maybe they wouldn't put the club up for sale? :lol:

Ogden is just click baiting his ass off.
I hope this is not serious post. It's well published that Rat 1 and Rat 2 (aka Avram and Joel) want to keep the club and have been looking for ways to finance a new stadium and pay off their four other siblings who want to cash out.

For them, a sale is a no-other-option scenario and this is why it's taken so long to start this process. But there's no guarantee it'll be a full, majority or minority sale.
 

pratyush_utd

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If you are a shareholder other than Avram and Joel and you are seeing the potential return you are going to get in Qatar or SJR bid, think Elliot wont be able to provide that level of financing to match that. Plus what will Elliot charge for that bid? Providing financing for potential owners is okay but for Glazers to hold on to the power, it doesn’t make financial sense. Typical Ogden bullshit article. He just used the information to make a sensationalist article
 

Chesterlestreet

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Their proposal will not come any cheaper than borrowing from a traditional bank.
Quite the opposite, I would think.

Can't imagine the Glazers being interested in something like that.

A possible (but probably very unlikely) scenario: their plan is to sell out by increments. In which case they could sell a chunk of shares to these vultures now, and then wait for the value of the remainder to rise.

(I have no idea whether this would make financial sense in any possible scenario - just speculating wildly)
 

Utd7

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I hope this is not serious post. It's well published that Rat 1 and Rat 2 (aka Avram and Joel) want to keep the club and have been looking for ways to finance a new stadium and pay off their four other siblings who want to cash out.

For them, a sale is a no-other-option scenario and this is why it's taken so long to start this process. But there's no guarantee it'll be a full, majority or minority sale.
It also squares with the notion they won’t sell unless it’s for “top, top” dollar. That’s what makes this Elliot scenario so concerning. We need to hope Qatar or Sir Jim make the Glazers an offer they can’t refuse.
 
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