Club Sale | It’s done!
- Thread starter JB08
- Start date
-
In the latest episode of the United Hour Podcast, Nik @Rood and Imran @Annihilate Now! start with the good news by celebrating Manchester United Women's emphatic FA Cup win over Spurs at Wembley and the future of manager Marc Skinner.
Then it's the bad news and the ever worsening form of our Men with losses to Arsenal and Palace.
Finally the main debate - ETH Out now or keep him until the end of the season - if not longer. Are you Team Nik or Team Imran?
- Status
I’ll bet Jassim will drive down in his Mini Cooper, wearing his Utd shirt.
Probably the most reasoned analysis I have seen on the sale, is the videos from the Muppetiers YouTube channel.
I can't post the video as I am unable to post media. If someone could post their latest video or tweet (which includes a link to the video), I think it would be worthy of discussion.
I can't post the video as I am unable to post media. If someone could post their latest video or tweet (which includes a link to the video), I think it would be worthy of discussion.
Man of the people!!!I’ll bet Jassim will drive down in his Mini Cooper, wearing his Utd shirt.
And Ratcliffe in his 8-litre Bentley?
I just get the feeling the Qataris will not want to lose face as they’ve been so vocal. It’s gonna be a point of pride and I think they will give the Glazers what they want.
They won't want to be seen bending over either.
I suspect they have much bigger plans for United beyond the OT and the surrounding areas. The £6B will just be the catalyst/enabler. They can probably be able to financially justify the crazy money spent (6Billion) beyond having residential/commercial regeneration projects around OT, quayside. (and I wouldn't be surprised if the Glazers get a finger in that too.)
But abroad, there will also be theme parks in Qatar/ME.
If the mountain won't come to Muhammad... ...build virtual OTs so fans can experience the OT atmosphere virtually around the world -- they are already doing this on a very small scale (occasional get-togethers in India, Thailand, China etc) but with a lot more resources, the sky's the limit;
I have always said that MUTV is the hidden gem. With a bit more money and resources they can develop into something that connects with the global fanbase better. I can see United dominating the next generation of supporters with the highest visibility globally of all the clubs in a few years.
They will pump more money into MUTV and giving it the resources to be a global station (they own some global TV broadcasting networks after all.)
And maybe in 5-10 years time, when direct streaming to each United supporter is possible then they are already in a position take advantage of this.
The idea will be to ensure there is a one-on-one connection between the United fan and the club. They are already attempting to do this with the recent changes to the United app.
This is the reason why I prefer the Qatar bid. I just don't see the Ineos bid offering such a breadth of possibilities and opportunities. Its not within their background, business experience or business models.
Property development, media/broadcast/technology/consumer are Qatar's current areas of focus/skillsets already.
Last edited:
Hopefully you're right. If rumors about Glazers wanting 6B are true then it's Qatar or no one.
I’d probably prefer Ineos but you have to understand where we are. The glazers will run this club into the ground and have are well on their way with their abysmal running of the club over the last decade. It’s not as though the current situation is viable either
May have to take a different transport to get from watching Chelsea in London to Manchester in time!Man of the people!!!
And Ratcliffe in his 8-litre Bentley?
As a Chelsea season ticket holder, he would know what happened to Mathew Harding. Good enough excuse though.
Last edited:
Praying that doesn't happen
Yeah reports like today were always gonna come,there was talk this could involve 2/3 rounds of bidding so not surprised
You can dislike this guy all you want but some of the things he's saying in this looks very logical
The Glazers have run us like a legal Ponzi scheme by leveraging us to the hilt more and more each year while taking dividends on earnings. To be fair it’s more like a mob “bust out”…look up the definition…it’s almost literally what they have been doing to our sacred club for years.
The good news is that like any “bust out” or Ponzi scheme…it can only last so long before it’s no longer tenable for the perpetrators. In our case this now. There’s no more gravy train…the glazers know it…and the buyers know it. This is all posturing.
They still have some leverage in that there’s multiple bidders and it’s a massive brand. But they need to sell or else they will have an unworkable leverage problem very soon. So it’s inevitable. It’s happening. They’ll have been able to get away with a legal “bust out” before a massive cash windfall on a sale, which shows there’s no justice in the world…but… At that point I couldn’t care less to at least have those scum out of my life for good…
The good news is that like any “bust out” or Ponzi scheme…it can only last so long before it’s no longer tenable for the perpetrators. In our case this now. There’s no more gravy train…the glazers know it…and the buyers know it. This is all posturing.
They still have some leverage in that there’s multiple bidders and it’s a massive brand. But they need to sell or else they will have an unworkable leverage problem very soon. So it’s inevitable. It’s happening. They’ll have been able to get away with a legal “bust out” before a massive cash windfall on a sale, which shows there’s no justice in the world…but… At that point I couldn’t care less to at least have those scum out of my life for good…
that's out of point! This is the morality thread
Its natural that the initial bid would be refused and that everyone will dig his heels especially since that the Glazers are desperate to sell. I can see Qatar switching from buying 100% of the club to just buying the Glazers shares and this will go through.
So that's 69% isn't it
Its 69% of all shares but around 99% of the controlling power. Class B shares have 10 times the voting rights and they are in the Glazers hands
What an appropriate number for them too
So its Elliott. They promise new Old Trafford. Hedge fund masters. Not great, not terrible.
True. However I think that there are 70% class B shares. 0.5% are in Woodward's hands with the rest probably distributed to high rank officials (ex Arnold)
Is this all just speculation?
Watch the video. Elliott can't sort this one for them
The moment Qatar buys those shares, don't they lose their value as Class B shares? Have heard the same that the shares retain their voting powers as long as it's within the Glazer family.
I don't think so else why would Ratcliffe want them? The only advantage in buying all shares is that the club can go private
They have 2bil in cash reserves, and they can also borow. Its done. Brothers want to stay, they are gonna bring Elliott on board. Sooner rather than later, Elliott will eat them alive. Then, in 3 years, when Glazer brothers are totally fecked, Elliott will take over 69% of shares - for just 2-2,5 bilion.
Glazers have 2bil in cash reserves? Glazers! Glazers?!
They aren't that stupid. There are even question marks whether Elliott wants to go in bed with the Glazers. They could have stepped in the summer when the Glazers were in talks with Apollo yet they didn't.
These are all negotiation antics and it's natural for sellers to refuse the initial bid
I don’t see how the Glazers could stay if it requires borrowing billions from Singer etc. They’ll know what that entails and they’re already under pressure.
As in what happened to Davey Scatino…
He says the Qataris wanting 100% is strange and there is no reason to buy 100%. How stupid this statement is. The Qataris wanting 100% is logical, because them investing in the club from their own money and only owning 69% will make the other 31% get a free ride. Why would they give free money to the other 31%, how is that difficult to comprehend?
You typed a lot but haven’t actually said much. How is United slowly turning into a plastic club? There is no indication of such -
just hysteria. Since you think people here aren’t thinking or haven’t thought about the cons why don’t you list them instead of throwing questions into the ether?
What is the gist?
Wasn’t expecting much but he made the exact same point about minority investment that I’ve been making for months with no answer
Why would they accept over a billion to sell a bunch of their power and give it to the club rather than keep it? Makes no sense at all
That full sale is the most likely outcome but the bids received so far are too low and the Glazers won’t accept them. He believes they are 700m short with room for negotiation.
Says Qatar could change the dynamics by maintaining the same bid but just taking the 69% controlling shares rather than demanding 100%. This would give the Glazers what they want, and full control, however Qatar want 100% as they want to take the club private.
The current reports about them being attached to the club and wanting to stay are briefs to portray they are under no pressure as they want to drive up the price. Same for the last minute cup final appearance. It’s all for show.
Minority investment doesn’t work in any format as it would require the Glazers to put large amounts of money back into the club which he can’t see them doing as they never have done in the past.
He states there’s an experienced US group monitoring and are considering making a bid, even though they missed the soft deadline.
I just watched it all as I wait for my partner to get out the fecking bath
Basically the two serious bidders (Jassim and ineos) valuations of the club are way below what the Glazers want. So far below that they aren’t even ready to negotiate yet. So Glazers/Raine want more bidders to come to the table to drive the price up. Or hope the two current bidders raise their valuations enough to be able to negotiate from there. Essentially a bit of a standoff
Doesn't that apply with the SJR bid as well?
seems a good thing theres only 2 main bidders for them then, you would think anyone wanting it that much would be well in the mix now
No, they aren't planning on investing money in the club.
Not only is Radcliffe not clearing the Glazers debt, he is purchasing the club with more debt, so the budget for the stadium and training facilities is less than zero as he'll need to extract more money from the club than even the Glazers do to make it financially viable.
Everything this guy says is prefixed with a silent 'I recon'.
- Status