Club Sale | It’s done!

[ThinkTank@Cafe]

So who is on it then,want to see how close it is to mine just out of interest

I won’t name names (wrong thread), teaser:

1. Sweeper Keeper - best we can get, up to £60M.
2. Striker - pure gold and proven, up to £100
3. DM - up to £60
4. Midfield playmaker - up to £80

we can save money on players with contract issues. Can raise funds through sales.

 

[noddyutd]

This means that the bid to buy 69.50% of the Glaziers shares would be £660m first to clear the debt then probably £4.5bn on top so the bid would be shown as £5.16bn or $6.3bn, I have a feeling that Sheikh Jasim could be £5.5bn + £660m debt = £6.16bn so a billion more

That’s how I read it as well .

 

[BarstoolProphet]

I wouldn't be surprised if Ineos did a deal that kept Joel and Avram as minority owners if it gave them an advantage.

Think Avram and Joel got more monies to gain from getting doors opened to opportunities in Qatar and ME in general.

 

[ShinjiNinja26]

Over $6.1billion

Still a way off the $7.3B the Glazers are looking for.

 

[golden_blunder]

Don’t you think, for better or worse, the promising appointment of Ten Hag would grant them a stay of execution under any owner?

For some of our loony fans, who are absolute experts on FM at the running of clubs the size of Manchester United, they know better.
I mean Murtough hasn’t met his XpS and Fletcher is always gonna be “Fergies son who should only have played Championship football” no matter what he does

 

[TrebleChamp99]

SJR barely has a penny to his name how can he possibly compete with the night and wealth of Jassim it’s absolutely bonkers

 

[Loon]

So if we get bought out tonight do the new owners start straight away like? So they can start planning for the new season…

I don’t think tonight is final bid night, it’s improved bid night. This will go on until the glazers get their price or everyone drops out.

 

[Blood Mage]

I won't be surprised if SJR wins

If he wins it will be because figures behind the scenes pressured the Glazers not to sell to Qatar IMO.

 

[MTF]

This is shrewd from the Glazers. Think about it:

You're selling your asset. As soon as you say "Oh shit, yeah we better sell and sell soon otherwise the fans will go crazy!" The buyer has the power then.

The Glazers have played this perfectly, the greedy cnuts. And they will get loads of money for it.

They're the worst owners for the sporting side, and I'd even argue for the growth of the club as a business. But from a cold investment perspective, in terms of how they acquired it (leverage), for how much, how they refinanced when the could and even hedged the interest rate exposure at a decent time, and will now likely maximize their value at the exit... it's pretty much chef's kiss.

 

[Loon]

This is shrewd from the Glazers. Think about it:

You're selling your asset. As soon as you say "Oh shit, yeah we better sell and sell soon otherwise the fans will go crazy!" The buyer has the power then.

The Glazers have played this perfectly, the greedy cnuts. And they will get loads of money for it.

I said pretty much the same, including the use of shrewd, earlier in this thread .

 

[JagUTD]

SJR barely has a penny to his name how can he possibly compete with the night and wealth of Jassim it’s absolutely bonkers

Shops at Heron Foods I heard

 

[JagUTD]

Still a way off the $7.3B the Glazers are looking for.

No, as we are dealing in USD, £5bn is just over $6bn.

 

[devilish]

5 billion bid including debt ain't that good considering the Glazers want 6 billion not including the debt

I doubt either party will bid the exact amount thar the Glazers want

 

[Castia]

Good shit

Keeping us 500m in debt if he wins the bid

 

[Chesterlestreet]

The Glazers “are not concerned about unrest if they stay as they have had it for years.” Surely they know it will be a lot worse, I mean unpleasant Everton worse, if they stay?

Well, it won't if we keep improving on the pitch.

The vast majority of those who are seemingly concerned about piss on the floor at OT won't make themselves heard if we win the league.

I'm fairly confident about that statement. The idea that the pro-Qatar crowd are mainly in it for stadium improvements is pretty much laughable to me - I'm sorry if I'm offending anyone here.

 

[Appletonred]

Each Glazer sibling stands to make almost a billion each, the alternative is to stay and take 10m a year dividends, yeah right, they are 100 percent going.

 

[ShinjiNinja26]

No, as we are dealing in USD, £5bn is just over $6bn.

Yes, and the Glazers are looking for £6B which is over $7.3B.

 

[Berbaclass]

Yes, and the Glazers are looking for £6B which is over $7.3B.

You always say that you want more than you actually want. That's how negotiation works.

 

[Red in STL]

I agree.

I believe it's going to be a transaction done in US Dollars, and they likely want $6bn.

Which at todays rates is just below 5 billion quid

 

[ShinjiNinja26]

You always say that you want more than you actually want. That's how negotiation works.

Of course, which is why whoever gets closest to that figure will win the bid.

 

[Adnan]

Which at todays rates is just below 5 billion quid

That's correct, below £5bn.

 

[Kush]

Keeping us 500m in debt if he wins the bid

The recent article states that the price includes debt too.

 

[Suv666]

Fecks sake how long will this go for? Kaveh on Skysports saying there would be another round of bidding after this one.

 

[JagUTD]

Fecks sake how long will this go for? Kaveh on Skysports saying there would be another round of bidding after this one.

Might suggest the top bids are a lot closer than people think.

 

[Castia]

I remember during the Chelsea process the bidders went public with their plans for the club with statements on how much they’ll invest in the squad etc I’d really like to see the numbers

 

[croadyman]

I won’t name names (wrong thread), teaser:

1. Sweeper Keeper - best we can get, up to £60M.
2. Striker - pure gold and proven, up to £100
3. DM - up to £60
4. Midfield playmaker - up to £80

we can save money on players with contract issues. Can raise funds through sales.

Don't think we necessarily have to spend big on a backup DM,however would break the bank to get a certain striker this summer

 

[Sylar]

I havent posted much in this thread, because my thinking is always, is there such a thing as a clean billionaire? And then on top of that, it will be point scoring to see which one is worse as ive seen in this thread.
I have reservations about whoever takes over, but the main thing I want to see is United debt free, able to use its own resources to compete at the top (and not have to rely on loans), an infrastructure in place where we dont need a rebuild every three years, and money invested into facilities (training, old trafford, youth setup, etc)

The biggest takeaway from all of this is my disgust mainly that Glazers can command such a fee having done sweet FA themselves in terms of investment and all for United. They spent literally nothing to get the club, have hardly put anything in, all theyve done is taken money out or used uniteds income to pay (sometimes overpay) for signings managers want, and then even then, hardly given managers full backing.

Then the fact they can even make a bidding war out of this, the Premier League and their fit and proper can F off too.

Ugh, cant wait to see the back of the Glazers. Of course new owners always comes with its own issues (but if we become self sufficient, then im excited to see where we as a club can move forward). No matter who the owners are, United will not be defined by them.

 

[Marcelinho87]

I really hope it is not Ratcliffe and his wall street goons and him borrowing money to fund his purchase.

Don't be burnt on standard practice just because the Glazers made a twat of it.

 

[Berbaclass]

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[Castia]

Fecks sake how long will this go for? Kaveh on Skysports saying there would be another round of bidding after this one.

I thought there was only another round if these bids didn’t reach the Glazers valuation? All the murmurs coming out about not over paying from both Qatar and Sir Jim would suggest these are take it or leave it bids in my opinion

 

[ShinjiNinja26]

Fecks sake how long will this go for? Kaveh on Skysports saying there would be another round of bidding after this one.

If the Glazers do indeed sell then they’re going to make sure they milk every last penny out of whoever does buy the club. So it makes sense for them to drag this out in the hope someone betters the best bid that goes in today.

 

[Red in STL]

Fecks sake how long will this go for? Kaveh on Skysports saying there would be another round of bidding after this one.

It will go on until the Glazer's decide they've gotten what they want, that could be tomorrow, 3 weeks or 6 months or never

 

[Plant0x84]

So you don't buy into the Qatari line that everyone will be given chance to prove themselves

I didn’t know they had said that to be honest mate. That news passed me by!

 

[seegoblu]

Depends where you are. The bank often does hold the title, or at the very least hold power over the home owner. Which of those two it is varies by jurisdiction.

For example, I live in a state (Florida if it isn't obvious by my screen name) that does "lien theory", where the borrow retains the title, but other states and countries have "title theory", where the bank holds it. However, if I have a mortgage I may still retain the title, but the bank can force me to have homeowners insurance (thus power and influence over decisions I make about my home).

So to the point of state funded or state owned, it really is semantics, as the state will get a lot of say in things.

Also, state funded, if that's how you choose to think of it, effectively means a loan (i.e., DEBT) from the state.

Most legal systems that started with common law tenants view property ownership as a bundle of rights, the most important one is the right to convey the property. A lien holder does not possess that right until there is a default under the operative document, thus a funding source might have some rights but they are not the owner of the property.

 

[IRELANDUNITED]

That’s around what I had in my head as well

 

[Adamsk7]

Everything we do is such a pantomime. Even these bids with deadlines and rounds is so much more theatrical than other clubs!

 

[Red in STL]

For some of our loony fans, who are absolute experts on FM at the running of clubs the size of Manchester United, they know better.
I mean Murtough hasn’t met his XpS and Fletcher is always gonna be “Fergies son who should only have played Championship football” no matter what he does

Nicely put

 

[Infra-red]

I remember during the Chelsea process the bidders went public with their plans for the club with statements on how much they’ll invest in the squad etc I’d really like to see the numbers

There is no point spending much time on PR at the moment as it won't be factored into the bid. Whoever offers the most money, wins (assuming they also meet whatever minimum price the Glazers have in mind).

The Glazers won't care if 'bidder A' is planning to buy a brand new stadium and spend hundreds of millions on top players while 'bidder B' is planning to sell off the stadium and exclusively sign players on free transfers - if 'bidder B' bids fifty quid more, they get the club.

 

[Adnan]

I can see the Glazers dragging this out to extract as much money as possible out of a prospective buyer. The longer it takes, the more it will effect the summer transfer window.

I think a offer of £5.5bn which includes the debt will be close enough to satisfying the Glazers. It was reported that the Qatari group were planning to submit such a offer and that makes sense. The Glazers would get their $6bn and the debt would be either wiped off or be the concern of the new owner.

 

[Chesterlestreet]

Think Avram and Joel got more monies to gain from getting doors opened to opportunities in Qatar and ME in general.

Yeah, I agree.

I can't see Jim offering them anything in the shape of "deal sweeteners" that can match anything offered by Qatar.

If the Glazers (or rather one or two of them) are actually interested in holding on to United, that will likely involve other parties than Qatar and Jim.

(Buying out siblings and essentially re-structuring the ownership. The Qataris won't be interested in that at all, and I don't see Jim being part of it either - he clearly wants to, well, own United.)