Club Sale | It’s done!

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devilish

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No word on it yet.

Might be playing with SJR and gonna gazump everyone last minute with the Six billion
I am confident that some sort of bid will be tabled else he'd drag his father's reputation in the mud
 

astracrazy

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Ineos definitely would be the better option. The money Qatar will put into the club wouldn’t be worth the political baggage.

If they promised to wipe away the debt, I feel like incredibly few would prefer Qatar over INEOS.
And where would the money be coming from for a stadium and training upgrade/redevelopment?
 

Valar Morghulis

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Can't believe you bunch of jabronis are arguing about Brexit Jim and Sheikh Jassim when Thomas Zilliacus is live on the United Stand right now detailing his plan to buy the club.

 

Chesterlestreet

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A few things from an old (business) man.

1. Anyone who just spend a few moments looking at our latest annual report understand that now is the Glazers best option to sell the club. The increasing interest rates has also weakened their bargaining position and actually leaves them with limited choices other than to sell.

2. Without judging who’s better or worse as owners it’s clear that the NTF is in a better position to win if it becomes a bidding war. Any bidder who’s partnered with outside investors (like JP Morgan/Goldman Sachs) has restricted financial limits and with a longer internal approval process. It doesn’t mean that SJR can’t win but it’s highly unlikely the longer the bidding process goes on.

3. Without having any other information than what’s public I still find the bidders from Qatar as clear favorites. Financial muscles and pride is the main factors to why I can’t see any other winner.
This seems very reasonable to me.

If what has been said for months now is correct, i.e. that only Joel and Avram possibly want to hang on to United (the other four want out, as in: 100%), then I can't see how they're going to reshuffle things in a way that makes financial sense.

(Any reshuffling/refinancing would then - obviously - involve buying out their siblings.)

I see that some posters suspect that they won't sell, and that certain not-insane-as-such arguments in favour of that scenario have been offered, but I can't say I'm convinced.

The likeliest outcome is that they sell. And the likeliest buyer is Qatar.
 

Oranges038

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SJR seems the best option now. Get rid of the Glazers and the added bonus of annoying the dopes on here who want a murderous regime in charge. Win-win
Just look at how quickly the narrative around the world cup and Newcastle changed.

The UK media can't keep banging on the human rights abuses and sports washing, whilst their own companies and government are facilitating the weaponisation of these countries. When it comes to weapons, gas and oil, the UK is now the little spoon in the bed with these countries. There's no such thing as free media, people just get spoon fed the news.

Utd could end up just being the latest casualty in sports washing.
 

Tiber

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God knows if it's true. But Qatar taking the attitude that they aren't going to leave the room until a deal is signed is the sort of attitude it's going to take to get the Glazers out. If they are seeking value for money etc we are stuck with the glazers
 

Tiber

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Can't believe you bunch of jabronis are arguing about Brexit Jim and Sheikh Jassim when Thomas Zilliacus is live on the United Stand right now detailing his plan to buy the club.

Random WUM is the having the time of his life
 

Escobar

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Ineos definitely would be the better option. The money Qatar will put into the club wouldn’t be worth the political baggage.

If they promised to wipe away the debt, I feel like incredibly few would prefer Qatar over INEOS.
But they dont, so....
 

Woziak

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Can't believe you bunch of jabronis are arguing about Brexit Jim and Sheikh Jassim when Thomas Zilliacus is live on the United Stand right now detailing his plan to buy the club.

Indeed he says he’ll put up the money and than the fans would buy a share of the club later, he loves football and loves Manchester United, he wants to share ownership with SJR and SJ wow this guy been on too many of the mushrooms, wonderful day time dreamer but now we can jump back to reality .
 
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dove

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Can't believe you bunch of jabronis are arguing about Brexit Jim and Sheikh Jassim when Thomas Zilliacus is live on the United Stand right now detailing his plan to buy the club.

Guys, he said ETH is doing a great job so I think ETH would be safe! This guy is my new favourite even though there are a few minor problems to solve, such as him still needing a few billion £, and that his bid is already rejected.
 

LawCharltonBest

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Question for those who think Glazers will end up selling..

How do you think it gets resolved?

If they're around a billion apart on the second bids, then that is some difference to make up. Perhaps other incentives, like future business?
 

romufc

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If the stock market crashes 30% or more, they'll wish they hadn't held out.
I dont get how its feasible to hold out.

In the last year Interest rates have gone up by 3/4% which means our interest payments will be bleeding the club.

They need to go ASAP.
 

Chesterlestreet

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I don't know how people are feeling on the ground in Manchester, but it would seem to me the Glazers would have no idea about hate, vitriol and action that would be taken by the supporters if they stick around. I'd worry it would get very ugly and dangerous.
I consider it absolutely unthinkable/impossible that they will simply stick around just like before.

Which is the only thing that could cause actual rioting on the streets of Manchester.

If they do stick around, it won't be in the same shape and form.
 

Infra-red

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Question for those who think Glazers will end up selling..

How do you think it gets resolved?

If they're around a billion apart on the second bids, then that is some difference to make up. Perhaps other incentives, like future business?
If they are truly a billion GBP apart in valuations after this round of bidding, then it is surely over - there will be no sale.

We don't know what the Glazers asking price really is, but if it is £6bn (as has been reported recently) then you have to think that Ineos/Qatar will need to get at least 90% of the way there (£5.4bn) to stand any chance of a deal being agreed further down the road.

Unfortunately, for us fans, we probably needed a bidding war to oust the Glazers - in the absence of a large number of interested parties, the market forces aren't really there to get the bidders up to a price where the Glazers might consider shaking hands. Perhaps Qatar will surprise everyone and come in tonight with a ludicrous bid that exceeds Ineos' offer by £400-500m, but it is difficult to see why they would bow down to the Glazers family's immense greed, when there are plenty of other football clubs in the Premier League...
 

sglowrider

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Thoughts on the oil price collapse? + banking sector instability meaning tighter financial conditions, so lower chances of loans getting approved?

Last year could've been the perfect moment to sell - sky high asset prices everywhere. Money was free. In hindsight they almost picked the worst moment to sell and they're still getting a ton of money for that.
Macro economic factors like SVB, Credit Suisse collapse werep out of their control.

The club's on-field performance last season was so poor so they wouldn't have been in a great position -- would have been like some distressed asset sale!

Then the temp manager; no visibility on fixing on-field performance and how much it would cost to fix it. This lack of visibility is a huge no-no for any new investor.
And I suspect that they will hit some cashflow issues in the near future.

But since then ETH has added a few hundred million at least to the pockets of the Glazers.
 

Messier1994

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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.
Exactly, and running a football club is a very risky business. There are never any guarantees and things can go South in a hurry. The general rule is that a football club that is doing well is fairly stable, but on the flip side of that coin, is that when a football club really starts to struggle, it can be tremendously hard to turn it around and stop the fall.

Given our current cost costume, we must be in the Champions League. There are no guarantees for that. If we miss the CL, our chance to compete the next season would be damaged a lot. Before you know it, we have missed the CL 2-3 seasons in a row. The club would rake up debt. What do the Glazers do then -- call up Qatar and SJR and ask if they are game?
 

sglowrider

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Exactly, and running a football club is a very risky business. There are never any guarantees and things can go South in a hurry. The general rule is that a football club that is doing well is fairly stable, but on the flip side of that coin, is that when a football club really starts to struggle, it can be tremendously hard to turn it around and stop the fall.

Given our current cost costume, we must be in the Champions League. There are no guarantees for that. If we miss the CL, our chance to compete the next season would be damaged a lot. Before you know it, we have missed the CL 2-3 seasons in a row. The club would rake up debt. What do the Glazers do then -- call up Qatar and SJR and ask if they are game?
And being in the CL is just more unpredictable going forward. Seven in four.
 

Rightnr

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Over the weekend? I thought the new deadline was 9pm tonight? All this tweet confirms is Journalists don’t have a fecking clue what’s going on here. :lol:
As much as I agree that journalists are clowns, this bit makes sense if you consider that Sunday is a work day in Qatar.
 

Infra-red

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And being in the CL is just more unpredictable going forward. Seven in four.
Should be seven in five from 2024 with the newly expanded UCL, but I generally agree that United are facing a gradual decline if they cannot rid themselves of the Glazers.
 

Rightnr

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MTF

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Chancer.

Plus, clearly Jim, Andy and John, over at INEOS have won the financial analysis race. They did all the math on their old trusty HP 12Cs, the old geezers. Meanwhile the number crunchers at BofA are struggling because their MANU_MOD_V22.xlxs is corrupted and they're working with IT to restore it.
 
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