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Club Sale | It’s done!
- Thread starter JB08
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Sweet.
Hence why I said football fans and not “you”
It’s dawned on me tonight that the bidders have been given access to sensitive and detailed financial information about the club. The books have been opened, and I doubt the Glazers would do this just to ‘get a valuation’ for the club. A sale is coming, and we will have news soon enough - I am convinced!
Are you ok?
Also, I've said this before, for a listed company such as Manchester United there isn't a great wealth of "detailed financial information" that isn't already in the company's quarterly and annual report. Making public the necessary financial information for investors to form an opinion and buy or sell shares of a company is the whole purpose of the public stock market and the required financial disclosures.
Yes there is some commercially and personally sensitive information that a company does not have to disclose in annual filings, but it's not the sort of stuff that would change someone's view on the valuation of the company by more than even 5%.
The meetings a few weeks ago were likely a pitch on future plans. CFO & others sitting down with the bidders and explaining what are some of the things they intend to do in coming years, and what they view each of these opportunities as being worth.
So the Glazers aren’t looking at selling? Is that your take on this?
Just because we’re not getting news every second of the day doesn’t mean that we’re not for sale. Maybe we won’t get sold, it’s a possibility of course. But none of us actually have any idea.
There have been some extremely strange takes around here since the news stopped coming through. Some people claiming stuff as if it’s fact. Again, it’s bizarre behaviour. No one knows, none of us.
Seems like all that’s happened is the parties have simply stopped briefing the press.
Things will be moving forward as expected. I think the silence is a positive sign personally.
Things will be moving forward as expected. I think the silence is a positive sign personally.
Stephen Howson's car had been stolen. I know it has nothing to do with this thread but he spent the first 8 minutes of a 30 minute video regarding the United takeover speaking about it so I thought it would be useful for all to know.
I’m with you! We’re in the business end of the process now.
Yeah this should have been stopped in the first place with those two clubs,however it wasn't so unfair to suddenly change the ruling now
Loads of 'news' on twitter about a range of private bidders but it's all from that sportico site which made stuff up last month
Oh God.... This will drag on forever
If this is accurate it is as most of us expected. Proves the process continues.
Wonder what @HarryP makes of this update? Care to put a negative spin on it?
Seems like there will be infinite rounds of bidding until either the Glazers reach their £6B target or prospective buyers start threatening to pull out.
Wow. 7 groups? Would love to know who the other 5 are.
Based on nothing but vibes, but I think the idea that are 5 other serious private bidders to be fantasy.
Are you okay?!
Yeah certainly starting to look like that
Presumably one is Elliot but as for the others I haven't got a clue whatsoever
Hopefully we can just cary on business as usual with the credit facility and the buyers are fine with us splashing the cash for ETH with it having no impact on the sale price. Even if they bought the club before the summer window I’d think the current team would run this window so doubt it makes a difference.
Strange the third round isn't until the end of the month.
That's a big gap
That's a big gap
Most of them are likely minority bids
If the transfer windows is something to go by, then we have a looong way to go with these leeches still involved in the club.
More like they all will have to rebid before the end of next week and the decision will be the end of the month. The likely event then is to give one group the yes, then go ahead and work together in conjunction with transfers etc. Could be why the club is so keen to clear the revolving credit facility by end of June when payments may be deposited for transfers.
This may be part of their sale process, Which would probably take 8/10 weeks to actually complete so mid July, not ideal but this is the Glaziers way of saying we will stay until someone bids £6bn for our 69% or at least £5.5-5.75bn. Some parties may drop out to have a final round with 7 bidders, is crazy so it might be to try and get one party to just be to smoke out a £6bn offer which it may do ?
Fantastical update.
Don’t forget current process is under strict NDA .
Don’t forget current process is under strict NDA .
I don’t believe there is any other serious bidders.
If the Qataris aren't blowing anybody away with their bids, I'm starting to doubt if they will get it.
'End of April'
FFS
It wont be done by the summer.
FFS
It wont be done by the summer.
They are obviously not that stupid to do that.
Sportico were spouting huge news on here a few weeks ago. Turned out to be complete BS. Best to ignore them
I would just like this resolved by the beginning of the transfer window. Not only for the men's team, seems like much of the business going forward with the women's team is riding on the new owners too.
Yeah. They said SR had bid 6bn. Zero mention of that in the update today…weird.
We have a very nice community here. Always asking about each others wellbeingAre you okay?!
Can imagine when the bids does reach the magical 6b mark and the Glazers go, “Hmm maaaaaybe we can squeeze them for a little more.”
Why exactly would they bid significantly more than the other bidders?
Where's the business sense in that?
That's not how business works
i know on the internet throwing around billions like its nothing is in.
In the context of this thread it isn't useful at all to be honest mate.
He's just had the bill from all the youtubers, podcasters and twitterers for the reputational enhancement, it's put a real dent in his bank balance.
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