- Joined
- Feb 15, 2023
- Messages
- 485
Would you walk away from your business with around a £750m cash out or just carry on running it and taking an annual dividend? Most rational people choose the former not the latter, they are definitely going.
Of course it but isn’t the saying any publicity is good publicityI don’t think it’s good publicity
Yeah still thinking they will find a way to hang on. Season ticket pricing and appt of director of football operations worries me, as does the statement from Raine.is anyone else getting worried that the Glazer parasites are not going at all and are just feeling out the market. Never mind all this arguing about who the best new owner is, as fans our main pressure and spotlight should remain on the Glazers going. I don't really mind too much between INEOS and Qatar at this stage so long as the leeches are definitely going.
Says the Qatar bid supporter who hates state ownership and everything it stands for and the fans who support it.
You’re either a massive hypocrite, or a self loather.
If you think the UK government are so evil, why do you support United?
Didn't you admit yourself that you personally benefitted financially from ME state investments in Manchester? Isn't then a bit rich of you not just going hard on the moral aspect of ME state ownership, but absolutely slaughter those that aren't massively against?
As in the area I live in was gentrified. I can’t do much about that.
It’s really funny that the share price kept on going up with all the talk of them selling then drops again when there’s suspicion they might not. Clearly shows the faith people have in them.
You could sell and move out in protest of the blood money and donate the difference between pre-ME value and todays' value to a charity.As in the area I live in was gentrified. I can’t do much about that.
You could sell and move out in protest of the blood money and donate the difference between pre-ME value and todays' value to a charity.
As in the area I live in was gentrified. I can’t do much about that.
Ok, apologies. I read it like you took advantage of that by choice.
You know he won’t do thatYou could sell and move out in protest of the blood money and donate the difference between pre-ME value and todays' value to a charity.
You know he won’t do that
I’ve noticed the term “whataboutism” has now become a life boat for people whose moral high ground starts taking on water. So you’re not actually outraged by violation of human rights. Let them all get slaughtered as long as it’s not a rich Arab trying buy United that’s doing the slaughtering.Guys, this is just more false equivalency. We can go round in circles with claim and counter claim like this, but Obama, the current US administration and the current British government aren’t trying to buy United so it’s a pointless and misleading conversation. Nobody is claiming anybody is perfect, but we should be able to discuss the merits and drawbacks of the Qatari bid and the INEOS bid in relation to the club without all the whatsboutism and excuses
Of course he won't and I really don't expect him to. But I feel this whole OMG blood money coming-in is a bit of a hypocrisy and matter of convenience.You know he won’t do that
I’ve noticed the term “whataboutism” has now become a life boat for people whose moral high ground starts taking on water. So you’re not actually outraged by violation of human rights, let them all get slaughtered as long as it’s not a rich Arab trying buy United that’s doing the slaughtering.
So you have literally benefited financially from ME investmentAs in the area I live in was gentrified. I can’t do much about that.
Yes that’s the point I’m trying to makeAre you not horrified by the actions of the US government? Do you not find them despicable?
Yes that’s the point I’m trying to make
Madness that.
Why do you still support United then?
When did the US Govt purchase United?
I suppose 3 possible outcomes of the current process are:
1 Complete sale
2 One or more of the Glazers sell out to an investment fund (Glazers financing the buy out of other Glazers does not seem feasible)
3 An investment fund takes a stake in the club with the proceeds going to the club for infrastructure etc
2 and 3 are not mutually exclusive, both would require new share structures to reflect new investors, neither involves new debt.
1 would provide better returns than 2 for Glazers wanting to sell.
The market is favoring 1. 2 occurring would see a big drop in market value (no change to club fundamentals), and 3 would also see a drop though not as pronounced.
And what can we do about this?As in the area I live in was gentrified. I can’t do much about that.
I don’t believe the Glazers can stay, but here’s my rough take on the numbers, mostly from memory and guesswork. Feel free to point out the many and obvious flaws.
Without considering the large premium Qatar or INEOS would likely pay, United are valued at approx 3.3B pounds, depending on what day’s stock price you take. The Glazers own approx 66%, say 2.1B pounds, giving each sibling 350M. For Avram and Joel to stay, they would need to pay the others 1.4B for their four shares, or around 700M from each of them. I don’t believe they have anything like that cash lying around, so that means borrowing, maybe from the Elliott vultures. 700M for a 10 year term at 6% gives annual repayments of around 92M, which is far beyond what they can take from United and hopefully far more than they can afford.
If the Glazer siblings want full Qatari value for their shares it makes the repayment figures above nearly 150M per year.
I don’t see how they can stay, but I am nervous that Elliott could structure a deal that makes it possible, while increasing the likelihood that the Glazers default (or maybe die) before the repayments are complete and hand the club to the vultures.
So why are we comparing the Qatar bid with the USA then?
Don’t try and apply logic to the situation mate.And what can we do about this?
I would support United if Dick Chaney himself was the club’s owner, while still detesting his actions as a war criminal.Why do you still support United then?
You mean the son of the ex Qatar Prime Minister? From the ruling family?I’ve noticed the term “whataboutism” has now become a life boat for people whose moral high ground starts taking on water. So you’re not actually outraged by violation of human rights. Let them all get slaughtered as long as it’s not a rich Arab trying buy United that’s doing the slaughtering.
We’re pointing out (over and over and over again) that your moral high ground is all a farce and you have absolutely no right to judge people for continuing their support for the club even if they don’t agree with Qatari governmental policies.So why are we comparing the Qatar bid with the USA then?
I personally think Joel and Avram have already decided to leave/sell.Share price drop was always bound to happen once news of Glazers could stay on came out. This is why Ogden article and other (even Gary opinion) was dumb ( and shows why they are not financial reporters). The moment one of the sibling start cashing out, share price would plummet.
Considering Joel and Avram owns 33% of 69% share Glazers own, and by all accounts, Qatar values those share at 5bn, which means those 2 will need financing of almost 3.5-4bn to buy out the siblings share at Qatar evaluations. Thats never going to happen. Only way Glazer stay if more siblings decide to stay on
Why is that relevant to the point I’m trying to make? Your outrage over the owner being a member of a government is adorable as it seems you believe business moguls in the UK/US do not play a part in governmental affairs. Silly, but adorable nonethelessYou mean the son of the ex Qatar Prime Minister? From the ruling family?
Don’t try and apply logic to the situation mate.
Share price drop was always bound to happen once news of Glazers could stay on came out. This is why Ogden article and other (even Gary opinion) was dumb ( and shows why they are not financial reporters). The moment one of the sibling start cashing out, share price would plummet.
Considering Joel and Avram owns 33% of 69% share Glazers own, and by all accounts, Qatar values those share at 5bn, which means those 2 will need financing of almost 3.5-4bn to buy out the siblings share at Qatar evaluations. Thats never going to happen. Only way Glazer stay if more siblings decide to stay on
Call me crazy but it’s a tad hypocritical.It's not even remotely comparable situations, even if it's tempting to call out someone who goes so hard in on the moral aspect. You can't expect someone to uproot their lives solely because of investments in the area they might not like the source of.
It's a very interesting debate though - where should you draw the line? I'm tempted to say if you hammer that argument against those who might have a different view on what is important for them regarding ownership of their football club and are not willing to even accept anyone having different priorities, then you should absolutely adhere to that in other aspects in life.