Really needs to be in the thread title imo. Nice to finally see them get called out
Club Sale | It’s done!
- Thread starter JB08
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Did he tag Ben Jacobs. I read that as a personal attack on Ben Jacobs which is my favourite type of personal attack.
Hours can mean 200,000 hours
The funniest part of this saga has to have been reading all the posts of people deducing the sale was close due to completely normal fluctuations in stock price. Truly has been a legendary saga. Don't think some people will make it if the Glazers decide to stay. I'm so invested.
pretty funny, but not quite as funny as buying United to be able to frack the grounds around OT
Deal will announced at 10am Friday.
Which Friday that is remains anyone's guess
NYSE doesn't open until 2.30pm UK time does it? Would have to be then wouldn't it?
This makes no sense. Why do the glazers care if the debt is paid or not? If they sell to Qatar, they inherit the debt. more likely is that the glazers want 6bn for their exit, and qatar can then choose whether they want to clear the 500m debt or not. How do the glazers benefit by Qatar clearing the debt?
Hours away from what? Eating? Cumming? Having a shit?
I think it’s all the journos who are now tweeting that’s from my trusted source who I trust 100 percent because they know it’s all bullshit, they just don’t want to be associated with the other bullshit. Daniel Harris yesterday was a particular low light
No one but the Glazers, the bidders, and their respective representatives know what's going on. Absolutely no one. But there's a ton of clout chasers. This has become crystal clear by this point.
I think it’s Ben Jacobs specifically
This is probably the most important news in this thread so far.
Essentially almost everyone knows absolutely feck all.
From what I’ve read it’s important because if the potential lawsuit from class A share holders
Your source must be better than mine. Mine just told me a decision would be made on some day, sometime.
Sorry to bring the mood down but our respective deaths are hours away.
This is a parody right?
Another pointless tweet saying that Darcy and Kevin will now be staying on now while the other 4 Glazers get bought out by SJR !
Are you Howard Nurse in disguise?
Unfortunately I think with every passing day it becomes more likely they are going to stay.
How on earth have you come to that conclusion
Can happen at any time. Companies have to share 'material news' that will impact their share price significantly to the NYSE ten minutes prior to a public announcement if its during trading hours, which will halt trading. Outside of trading hours, it can happen whenever.
If they wanted a sale surely they would have progressed on one, no? The Qatari has given the best bid, take it or leave it, and the Glazer family still haven't responded if the Guardian are to be believed.
The NDA is very strict since the opening reports.
Probably the Reuters/Bloomberg reports show a direction to where it's going but when it gets finalized and sold, people will jump the gun for clicks.
Probably the Reuters/Bloomberg reports show a direction to where it's going but when it gets finalized and sold, people will jump the gun for clicks.
I don't think that's even a remote possibility.
If they wanted a quick sale, sure. They want the most money they can possible get though so while there is still more than one active bidder why would they accept one and rule out the other?
It’s more to do with it’s a full sale process and SJ wishes to delist from the NYSE. This has always been his intent.
Therefore the three stages of that takeover would be ;
Stage One - Clear all existing club Debt with existing lenders.
Stage Two - Agree a deal with 69% Majority share holders and make payment to purchase their controlling shares thus taking control of the club
Stage Three - Make a fair trade share offer under Cayman law for 31% minority shares enabling the club to be delisted from the NYSE this could take 3-4 months after stage 1 and 2.
Yeah all fair points. I just feel more and more pessimistic and maybe I'm mentally preparing for the possibility they stay on. We just seem to be going nowhere, we're close to a year into this process and have had maybe one or two actual news stories.
Some lads are just having a laugh at this stage. Sadly fans are so desperate they will click on any old clickbait and so the most dodgy lads on social media will take full advantage of this. Kevin and Darcie, give me a break , do they ever even leave Tampa.
Yes. The only trusted source is The Real Paul, Manc Bald and Bred.
well its NY time innit
Do not tweet from dodgy sources. What is so hard about this for you to follow?
Jeez relax buddy!
I don’t think anything is off the table with the Glazers…..it’s not like they’ve been desperate for a quick sale is it?
While I believe that something will happen, something a bit more left field in terms of investment could well still happen.
What I am amazed at is how both SJR and Qatar have both stayed in the process for so long without anyone walking or leaking anything…..they must both believe they are still in with a good chance of success otherwise they would be out and we would have heard something?
Great new thread title but the guy at the FT must be aware that there are no trusted sources except the club, Raine or NYSE and that by posting it on Twitter he is also included?
You can’t delist from the NYSE without clearing all the existing debt and that must be done first of your intention is to delist.
What are the benefits to delisting from the NYSE?
A blanket "do not post from Twitter" rule at this stage would be more beneficial.
Anything remotely legitimate will have a fully typed, sourced article to support any tweet, regardless of the origin of the tweet.
Basically anything with the words "a source" or "my source" or "sources close to" should be disregarded as complete horseshit, a source close to my sources has claimed.
I think the financial journalist of two decades understands sources and is well placed to discuss them.
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