Club Sale | It’s done!

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Amarsdd

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Thing is, people are using the argument that "nobody actually hates City" as if it's supposed to defeat our point about them being turned into a vapid and soulless sportswashing machine. I'd argue it actually makes it stronger if anything.

To a point, I'd actually agree with the sentiment that City are less hated than United, Liverpool, Arsenal etc. and that's because people don't give a shite about them. I kinda feel the same way, honestly. It's hard to have any strong feelings about what City are achieving right now because I think it's just so bland and empty, because there's no fairytale to it.

I'm being serious when I say that Liverpool winning the league in 2019/20 is considerably more bothersome to me than the prospect of City winning the treble, and that's because Liverpool actually feels like an authentic club with a bit of character. This is also why I can understand those United fans who, seemingly strangely, wanted City to win the title over Arsenal; I can see how some United fans just wouldn't give a feck about City's victories any more because they feel really hollow.
Pretty much word for word how I feel about City as well. That's why I'm absolutely not bothered City doing a treble or whatever (though I get it for people who have City fans around them), but last season just the thought of Liverpool possibly doing a quad or even a treble was absolutely terrifying.
 

Mr Pigeon

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I am pretty convinced that Jassim will not have to offer more than he has already. Looks like it is up to Jim to make the next move.
Urgh. This is like watching a fecking auction for sloths. If we're lucky then we'll be sold the week after transfer deadline day.
 

croadyman

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Outlets are just saying Jim's bid values the club higher. They aren't saying the bid is more attractive to Glazers. They've carefully worded their articles so as to get some clicks, but ultimately 5.5bn upfront is more tasty than a similar amount structured.

In fact the journalists that came on SkySports earlier in the week said Glazers are businessmen and they'll go for where the money is and if they were to bet on that basis they would bet on Jassim's offer.
Hope the journos are right on that
 

VP89

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Hope the journos are right on that
Think it was Ogden too who said that Jassim told his advisors not to go back to Qatar until they've secured the club :lol:
I honestly think even if Ratcliff made a counter Jassim's advisors would just go even higher. There might be another round yet to go but I don't see Qatar pulling out now. There was a credible leak a few pages back where they said they'd go even higher if need be.

But if you put the pieces together - Avram is out to see the Womens FA Cup Final, then coincidentally goes to a hotel coincidentally owned by Jassim's father. A few months ago Ogden said his advisors were not allowed to leave without getting the club secured.

A day or two later after the coincidental hotel visit, we hear of a new bid from Jassim.
And then a day after that we get leaks that they got fed up and went straight to the Glazers and cut out Raine. And that they may go higher if need be.

Do the math, Ratcliff can't go blow for blow with them.
 

croadyman

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Think it was Ogden too who said that Jassim told his advisors not to go back to Qatar until they've secured the club :lol:
I honestly think even if Ratcliff made a counter his advisors would just go even higher. There might be another round yet to go but I don't see Qatar pulling out now.
Fingers crossed because need to see a Utd (Qatar) v City (Abu-Dhabi) next season. The media would be wanking themselves silly over the prospect of it happening
 

Strootman's Finger

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People are making a lot of assumptions about the structure of the ownership and the roles and value of the shares. We don't know all the details, maybe Jasssim's cash bid, while less, could put more money in the glazers pockets depending on the structure of the shares/ownership model.

Far too many people acting like they know the fine details that are being hashed out, no, you are making assumptions based off the same limited knowledge we are all have.
 

George The Best

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The Raine group asked all interested parties, even if they wished to buy a minority or refinancing package to value the club in its full entirety. The current share price is $19.16 and the market cap is $3.09billion that’s the full value of the club if all shares were to be sold at that price.

However because two main bidders are trying to take over the controlling shares of the club, they have to bid for the full value of the club so by SJR offering £5bn which is more likely his bid not £6bn that is $6.2bn which is double the market cap, he can afford to be this bold because he does not intend to buy 100% of the club, he only intends to buy 50.01% or 69% which is (£2.51bn or £3.45bn)

SJ bid is different because he has made it clear they will buy only 100% of the shares, So his offer will be slightly lower, because he is offering a premium to the Glazers but also to all the other share holders. The part that people have missed and this is quite important is that the Glazers have Voting B shares and A shares too.

Apparently Darcie, Joel snd Avram have 4.25% of the 31% left, so he is theoretically offering the Glazers the opportunity to purchase their 73.25% of £4.8bn which is £3.516bn, In other words more cash now, probably not enough but the fact they met at Clarridges with Avram this week makes me think that we are near the end game, however the Qatar bid through 92 Foundation will probably have to offer another £500m to get the deal done or if it’s being done already they’ve offered more than what’s been circulated through the media.
I don’t think this is correct. Nobody can offer anything for the 31% listed shares, yet. That has to be done via the NYSE. Have you seen the Sale Prospectus to know that bidders were asked to value the entire club within their offer? The only thing that can be sold by the Glazer’s, right now, is their 69% class B shares. They have no control, or rights, over the other 31%. Also that 31% would not be as highly valued as the class B shares. There is so much misinformation out there as it stands. Nobody has a real clue about how big the bids are and for what, as they seem to be structured very differently.
 

sunama

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Why are we discussing hypothetical scenarios 200 years in the future :lol:
It's ridiculous.
The truth is that MCFC are winning a lot of games and trophies and that's where we used to be.
We need to do our best to get back to that level.
IMO, Middle Eastern owners would be the people who are most likely to aid our ascension to that level.
Sir Jim will would want to balance the books. The Qataris will want us to win trophies.
This is why I back the Qatari bid, as I want to win. Plain and simple.
 

JagUTD

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Why do some posters make statements as fact when its just a gut feeling :lol:
Also Jassim's bid would likely be a lot more attractive than Ratcliff's. The former pays up front which is a big big deal, moreso than Ratcliff valuing the club higher, if he's going to pay in instalments then it's not as valuable to Glazers. Cash upfront is king.
This is opinion, correct? :wenger:
 

Sviken

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They just had to feck this shit up, too, didn't they? The Glazers special. Nothing is ever easy with these rats.
 

JagUTD

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Sale will be announced soon.
Sale Sharks are delighted to announce Sheikh Jassim has completed his takeover of the club.

A life long supporter of Sale Sharks, Jassims NineTwo foundation, set up to commemorate Sales 1992 Cheshire RFU Cup runners up medals will manage the day to day running of the Sharks.

Welcome Jassim, let's get snappy!
 

ShinjiNinja26

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They just had to feck this shit up, too, didn't they? The Glazers special. Nothing is ever easy with these rats.
Incompetence to the bitter end. You just knew when the first reports suggested they hoped to have this wrapped up by the end of March it was going to be June at the earliest.
 

JagUTD

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What's actually happened? Are they staying? Have we ended up with option "nothing"?
 

Ralph1386

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Outlets are just saying Jim's bid values the club higher. They aren't saying the bid is more attractive to Glazers. They've carefully worded their articles so as to get some clicks, but ultimately 5.5bn upfront is more tasty than a similar amount structured.

In fact the journalists that came on SkySports earlier in the week said Glazers are businessmen and they'll go for where the money is and if they were to bet on that basis they would bet on Jassim's offer.
Valueing the club higher counts for nothing as he’s using debt in order to afford half of the so-called value he’s given the club -and to pay it in installments no less.
 
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George The Best

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I really don’t know why the value of the entire club is in anyway meaningful. It’s not as if the Glazer’s are going to just take 69% of whatever valuation anybody comes up with. Their 69% is significantly more valuable than the other 31% and it’s only the 69% that they can sell. To me, the value of the club is irrelevant, and the only thing relevant to the Glazer’s is how much do they get for their shares.
 

Mr Pigeon

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Glazers giving us an empty transfer kitty as a leaving present. What a surprise.
I was a fool to think that this would be wrapped up by now. You'd think almost two decades of seeing the Glazers dither about would have been enough of a warning.
 

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I'm extremely curious to know what do you think tied foreign United fans to Manchester United initially, and how they learned of the club?
I'm now curious as to what you think tied foreign fans to United.
 

USREDEVIL

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My spidey sense tells me this will be wrapped by the end of next week. Wouldn't be surprised if it was tomorrow. The transfer window and end of the season is sort of a cliff. And i'm not sure how much dealings and discussion are necessary so as to go off the cliff.
 
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glazed

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News flash - Glazers don't care about transfer window. How shocking.
 

Woziak

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I don’t think this is correct. Nobody can offer anything for the 31% listed shares, yet. That has to be done via the NYSE. Have you seen the Sale Prospectus to know that bidders were asked to value the entire club within their offer? The only thing that can be sold by the Glazer’s, right now, is their 69% class B shares. They have no control, or rights, over the other 31%. Also that 31% would not be as highly valued as the class B shares. There is so much misinformation out there as it stands. Nobody has a real clue about how big the bids are and for what, as they seem to be structured very differently.
The raine group asked for full club valuation, it’s widely reported and most fans made the mistake your now making that we believed the bid was only for their shares, even Gary Neville got called out on Twitter when he said the Glazer siblings want £1bn each, there is no way either SJR or SJ value the Glazer 69% shares at £5bn or £4.8bn that would make the club market cap at £6.8bn to £7.2/$9bn nearly three times the current $3.09bn market cap listed today on the NYSE, that means SJR and SJ are offering $57-60 per share just think about that for one moment. You are right about a premium paid for the B shares to the A shares but if you file for full sale like SJ you need to offer a premium to remove the A list shares and delist the company from NYSE, plus settle the clubs debt, there is disinformation agreed but there is no way on earth SJ or SJR is paying £4.8-5.2bn just for the Glazers shares, certainly not at $60 per share, ludicrous!
 
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