Club Sale | It’s done!

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Shakesy

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You seem to be engaging in wishful thinking that the Glazers are somehow going to blossom into smart, capable owners with the help of a little funding from Elliott or some other hedge fund.
No, they will never be smart owners. I said we just need a top notch recruitment department. It wasn't the Glazers who decided how to spend in the market. The Glazers suck of course. But them staying wouldn't be the end of United, as some are claiming.
 

Desert Eagle

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The weird thing about ChatGPT is that when I prompt it and get an answer, then it's amazing, but when someone else uses it and gets the same answer then it's too much to read and completely pointless.
Weird thing about ChatGPT .... ;)
 

Micky Targaryen

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Newbie here..

1) Don't you all find City's success tainted with their oil money??

For all their recent success, they will never have the same 'feeling' of achievement that we had during the Fergie years, or what we could potentially have under ETH.

There are no ideal buyers for Utd, because the Glazers have priced anyone other than the super-rich out of the process, and what usually accompanies super-rich is super-dodgy..

If I had to choose, I would side with SJR/Ineos. It wouldn't be ideal, 2) but the debt wouldn't be on Utd anymore, and what's more important is that they get the sporting operation right, and not leave an investment banker aka Ed Woodward in charge, like the Glazers did. Its not money hasn't been spent, its the fact the money has been wasted, and they have presided over that failure, whilst taking dividends out.

The Qatar bid would no doubt 'give' us more money, 3) but do you want Utd to become some oil states play thing. I value how we go about things and achieve as a club far more than the type of success that brings..
1) Only rival fans feel like that to make themselves feel better. Pretty sure City fans are elated to be a powerhouse.

2) Do you have a legit source confirming this? Not some tweets from journos, as we've learnt from this thread that nobody knows anything.

3) Why is this narrative being posted so much? Just because Qatar is rich, automatically means that our club will be a play thing? We are not Malaga or PSG or City, clubs who were irrelevant before their respective takeovers. We are United. We HAVE always been relevant. If Qatar takes over, we will remain relevant AND presumably rich. But a play thing? This narrative is just lazy IMO. So we should just favour INEOS because they are more skint and hence making our club not a play thing?

PS: I'm not pro-Qatar or pro-INEOS. Just indifferent.
 

sglowrider

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Sir Erik ten Hag

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wolvored

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Like the winter window? That may be a precursor to our financial future. (Never in my living memory have we had 3 loanee players in a transfer window and no one else.)
When you think of it, it a disgrace that a club the size of Utd has to rely on loan players at all
 

sglowrider

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When you think of it, it a disgrace that a club the size of Utd has to rely on loan players at all
Precisely. Never in my memory -- imagine in our last game, we had 2 loanees on the field and another loanee on the bench. Embarrassing.

Sign of the times unless something changes.
 
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Oranges038

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Can’t believe some actually believe the glazers put in funds for transfers. 18 years later and you still haven’t figured it out?
How do people still believe this shit? They've never put any money in! 17 years and they've invested nothing, all the money that's been spent on transfers is from revenue its nothing to do with the Glazers
Calm down there Karens. Your mixing up investment in the club with spending money in the transfer market.

They've spent the money, but very badly. There was no mention of where it came from. Every manager since Moyes has been heavily backed in the transfer market.

The majortiy of the money came from revenue generated by the club. Seriously where the feck else was it going to come from? Joels arse pocket? Most clubs transfer spend comes from money the club itself generates, it's kind of how it works.

Over 1bn spent in 10 years on players and yet people still believe they haven't spent money.
 

Wezzaldo

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Firstly I’ll start off by saying I don’t think that any journalist knows what is really happening.

But one thing I have been wondering is, if the Glazers were to take financing that clearly would be unsustainable and a threat to the long term future to the club, is there a point the government can step in as it’s a threat to a national establishment?
 

LARulz

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Glazer's are such a joke. How can they think a football club is worth more? It's not like we are winning everything every year to justify it
 

Castia

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Needs to be massive protests for the rest of the season if they don’t sell. They need to feck right off.
 

red thru&thru

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Ultimately we are dealing with humans, so it’s impossible to know for sure what the Glazers will do.

But I think that a minority investment is very unlikely. Simply because financially, I just don’t see the upside for the Glazers.

Let’s say that they can get (a) 5bn now or (b) collect 2bn in investment so that they can sell the club for 10bn in 5 years.

When you break this down, it’s just not a very attractive scenario. Whomever puts in 2bn now would want 3bn back in 5 years. Of the 5bn increase, that leaves 2bn profit for the Glazers. A 2bn profit isn’t bad, or?

I mean if you have 5bn, to make a 2bn profit over 5 years it only takes a 7% YTY return. You can get a 7% yearly return more or less risk free right now. On the stock market, it’s not much at all (albeit the risks are higher).

So to summarize:
(a) Best case, they get a 7% yearly return
(b) Worst case, they get 5-6bn in 5 years, and have pissed away 3bn to the investor

That is not good enough.
And even the worst case premise is if the fans continue to go to the games, buy merchandise and do not stop any games.

The backlash of them staying would be fierce. Would it be consistent? I don't know. But I'm going to assume even fewer people will stop attending games and buying merchandise.

We've seen what happens to the stock price when there's a mere mention of the Glazers staying. Any investor will be taking a massive risk of not seeing a return on their investment.

And also, if say Elliot put in $2bn, is that to buyout certain siblings? If so, we're still at the problem of the club needing money to invest. Where will that come from? Who will want to partner/invest further into the club, where their fans (customers) are so unhappy?

Or, are the siblings staying, giving up percentage of their control and pumping $2bn back into the club? Something which they haven't done in 18 years. Also, the issue with this scenario is, any B class shares sold, will convert to class A shares, which have 1x10 rights over the class B shares. So, the investor would have pumped in more money than the Glazers ever have, and not have any control over the club.

Minority investment is just not an option.
 

We need an rvn

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Glazer's are such a joke. How can they think a football club is worth more? It's not like we are winning everything every year to justify it
Whilst I agree completely, to put it in comparison the Denver broncos (nfl) just got bought for $4.6b and they’ve won one Super Bowl in 25 years.

compare that to Utd and our global fan base, income in football etc and you can see why the glazers, who also own an nfl team, might place such a high number on Utd.
 

Bosws87

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Actually nothing in the article at all and just more click bait, about the imaginary £6billion. Wouldn’t surprise me if it was actually always $6 billion dollars and they are purposely playing dumb.

Anything coming from keegan has to be viewed as Qatari PR/pressure he’s been right up in their camp since day one.
 

Bosws87

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Whilst I agree completely, to put it in comparison the Denver broncos (nfl) just got bought for $4.6b and they’ve won one Super Bowl in 25 years.

compare that to Utd and our global fan base, income in football etc and you can see why the glazers, who also own an nfl team, might place such a high number on Utd.
Ones a franchise with a closed league, they have already tried to play that card, that’s why they are selling.
 

whitbyviking

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Ultimately we are dealing with humans, so it’s impossible to know for sure what the Glazers will do.

But I think that a minority investment is very unlikely. Simply because financially, I just don’t see the upside for the Glazers.

Let’s say that they can get (a) 5bn now or (b) collect 2bn in investment so that they can sell the club for 10bn in 5 years.

When you break this down, it’s just not a very attractive scenario. Whomever puts in 2bn now would want 3bn back in 5 years. Of the 5bn increase, that leaves 2bn profit for the Glazers. A 2bn profit isn’t bad, or?

I mean if you have 5bn, to make a 2bn profit over 5 years it only takes a 7% YTY return. You can get a 7% yearly return more or less risk free right now. On the stock market, it’s not much at all (albeit the risks are higher).

So to summarize:
(a) Best case, they get a 7% yearly return
(b) Worst case, they get 5-6bn in 5 years, and have pissed away 3bn to the investor

That is not good enough.
I think what makes it even more unlikely is the lack of a feasible buyer pool if they increase the value of the club, it's small enough now at £5-6bn, and if they annoy these type of buyers now who is left at double the price and the Glazers reputation as being a good business to deal with ruined after this process. I believe at £10bn as some have quoted there would be nobody to buy the club, especially if you consider Qatar seem the only one currently capable and interested, and I really don't see them coming back for round 2 in a few years if the Glazers upset them now.

The minority option does not stack up at all.
 

red thru&thru

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I think what makes it even more unlikely is the lack of a feasible buyer pool if they increase the value of the club, it's small enough now at £5-6bn, and if they annoy these type of buyers now who is left at double the price and the Glazers reputation as being a good business to deal with ruined after this process. I believe at £10bn as some have quoted there would be nobody to buy the club, especially if you consider Qatar seem the only one currently capable and interested, and I really don't see them coming back for round 2 in a few years if the Glazers upset them now.

The minority option does not stack up at all.
This.

And with regulation around the corner, I will only see the difficulty of new owners coming will become more difficult.
 

Gambit

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So Qataris are holding back their bid until everyone else has made one.
 

Pogue Mahone

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Wasn’t there a whole discussion about this like a month ago?

4 of 6 siblings want out, so if they sell their portion they want their cash and to walk away, so no money goes into the club.

Let’s say the other 2 decide to stay, from where are the funds coming to continue operating the club and make the required investments in the squad and infrastructure?

If Joel and Avram were to take on minority investment from Elliott or whoever it would be in the form of debt. If we know anything it’s that the Glazers don’t put debt in their own names.

There’s no fairytale solution here where they retain their holding and generate funds for the (unequivocally necessary) ongoing investment without massive and expensive debt.
I try to keep out of this shit show of a thread as much possible so must have missed previous discussions.

The valuation of the club now is many multiples higher than it was before. That allows the Glazers to sell off equity to raise funds. Hence the rumours about this sale being a means to inflate the value of the club. How they use the funds generated is up to them. Some of the siblings can walk away with their cash. Any that remain can use that cash to keep their (very lucrative) business afloat. Selling equity does not create debt. The idea that they will suddenly take out a massive loan, with interest rates on the up and up, at a time when there’s another, obvious way to raise funds makes no sense at all.
 

Blood Mage

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We have to take action if these fecking leeches try to cling on to their cash cow. Joel and Avram are narcissists who don't want to lose their status as owners of Manchester United it's that simple.
 

Acquire Me

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It’s going to be a full sale. It’s painfully obvious that it’s negotiation going on and the meltdown on here is just waste of mental energy.
 

Marwood

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Like the winter window? That may be a precursor to our financial future. (Never in my living memory have we had 3 loanee players in a transfer window and no one else.)
Plenty of winter windows where we've signed nobody. Loan or permanent.
 

golden_blunder

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that weird Finnish bloke had prepared a song and everything


And then a hero comes along
With the dosh to carry on
And you cast your fears aside
And you know you can
So when you feel like hope is gone
Look inside you and be strong
And you'll finally see the truth
That a hero lies in you
 

Plant0x84

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Calm down there Karens. Your mixing up investment in the club with spending money in the transfer market.
Oh dear Tracy. The distinction (and the point you quoted posts were making) is that the transfer spend has come from club revenue, not out of the Glazers pocket.
They have put none of their own money into the club since the debt laden buyout.
I can’t believe there are still fans after 17 years who don’t understand the difference. :wenger:
 

Suv666

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The valuation of the club now is many multiples higher than it was before. That allows the Glazers to sell off equity to raise funds. Hence the rumours about this sale being a means to inflate the value of the club.
Wont that be fraud?
 

Sparky Rhiwabon

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If this bloke is a good authority then this is very telling. Why would they be wasting their time unless the Glazers have no intention of a full sale, no matter the price?

Do not underestimate Elliott group being at a home fixture recently - that is is significant and something that neither SJR or SJ were offered.
Could they be using the Sheikh and Ratty to establish a true market value for the club, to value the minority interest price?
 

red.knight

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Glazers are negotiating to get the best deal for them. They will sell.... stadium falling apart, training ground in tatters.....squad still needs cash injection in the summer just to make CL next season.....6 bill and run or take 20 mill dividends every year which is shrinking every year and deal with all the problems which will escalate even more.... It’s gonna be absolute carnage at Old Trafford the fans will go ballistic if they don’t sell ASAP they have milked the club for so many years. I suspect Qatar will now already know what Jim has offered. so they will simply offer a little more. Does not take rocket science to see Qatar has somebody on the inside; working for them.
 

laughtersassassin

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feck this. These cnuts ruined the club and it's only gonna get worse.

Prem a bunch of cnuts for letting them "buy" us. Load of shite.

We are so unlucky we where too big to fail when they first came. Would have been much better being shite like Liverpool and then we would have been rid of the Glazers long ago.
 

SmallCaine

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Could they be using the Sheikh and Ratty to establish a true market value for the club, to value the minority interest price?
Glazers love putting it out there how they won't sell fully but seek minority investment and everyone eats it up without asking a simple question . Who gives up their share if they take in minority investment? Because someone's going to have to eat up the loss and actually invest that money into the club.

Even if we value utd by their valuation of 6bn for 69% shares, they will need to sell around 15% to get enough money for stadium and clearing off some off the debt. Who takes in the loss, Avram and Joel the 2 idiots who have ruined utd hold around 34% take 15% out and they will hold barely anything after that, why would the siblings trust them to run the business?
 

dove

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Don't think it's a coincidence we see a lot of similar reports just before the supposed Qatar bid. "Your offer better be really good or else..." kind of stuff.
 
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