Club Sale | It’s done!

[stevoc]

Today is possibly the day that something might happen

Don't do that, don't give them false hope.

 

[Shakesy]

You ok? You having a stroke?

Is anyone ok? All things considered

 

[croadyman]

Personally think that’s the case but there’s a chance there’s a board split so it might not be what they can afford but pure stubbornness.
I can’t believe Jim hasn’t come back with a different offer when the offer now means it’s impossible to be successful.
It’s a cluster feck from both Glazers and Jim

Yeah definitely feels like a split

 

[Rhyme Animal]

They've put feck all into the club and in 15 years have generated a £6bn profit. This idea they're dumb businessmen is such an ironic argument

This is such a daft argument.

They have inherited an asset and have run it into the ground to the point they’re likely forced to sell it.

If they’d simply ran the club in just a competent manner, it’d be worth FAR more for them.

They’ve just inherited Utd’s worth. And clearly, regarding football business at least, they’re complete feckwits.

 

[croadyman]

With the threat of legal action in the background and the general complexity of the deal proposed by Ratcliffe it’s going to take time to work it all through and get a structure that all parties are satisfied with. Could take months or even longer but I think it will happen eventually. Ratcliffe will take overall control of the club and, eventually, the Glazers will be phased out altogether but we will need to be very patient.

Will be underwhelmed if he beats Jassim,just can't allow myself to believe that Qatar are gonna lose to him. The humiliation amongst the middle east states would be enormous.

 

[Sandikan]

They’re also feckwits that have failed to maximise their prize asset to the point where they’re now forced to publicly seek outside investment.

And let’s not forget the minority investor possibility with them staying on…

Personal profit wise, they've very definitely maximised their money from us.
Performance wise / trophies wise, obviously is a very different story, but even if we'd had mad success it's unlikely the club would be worth what they're imminently going to sell for.

 

[croadyman]

Nah, the Qataris are going to win and they’ll be out on their ear. There’s too much money on the table and they’re liable if they don’t take the 100% sale.

I want to believe that but Ratcliffe's bid just won't seem to ever go away so worried

 

[Rhyme Animal]

Now I'll preface this by saying I agree they're incompetent feckwits who've failed to run this club at all well. But on the same token as scummy as it is I think what's happening currently was Daddy Malcolm's plan from the start. Put nothing in, get the club to pay for itself, run it into the ground through neglect while bleeding it dry of every penny possible then sell when that is no longer sustainable for as much as possible.

Well if so, that’s their Dad’s plan, not their’s.

And again, if they’d just run it competently it’d be worth a lot more.

They’ve cost themselves a far greater inheritance by making an endless precession of comically idiotic decisions.

 

[Sandikan]

This is such a daft argument.

They have inherited an asset and have run it into the ground to the point they’re likely forced to sell it.

If they’d simply ran the club in just a competent manner, it’d be worth FAR more for them.

They’ve just inherited Utd’s worth. And clearly, regarding football business at least, they’re complete feckwits.

Your argument seems to be distancing Malcolm Glazer from the rest of the family, whereas most of us treat the Glazers as one entity.

Do you really think whatever they'd done that they'd be selling for higher than 6billion shortly?!

 

[stevoc]

Well if so, that’s their Dad’s plan, not their’s.

And again, if they’d just run it competently it’d be worth a lot more.

They’ve cost themselves a far greater inheritance by making an endless precession of comically idiotic decisions.

Of course as I said it was their Dad's plan they're all idiots.

They couldn't run it competently because they are not capable of that.

 

[izak]

The Glazers have killed every expectations i had of them selling with how they've deal with the process so far, I've come to the self-acceptance of them being here in 2030 and still not decided on who they want to sell to.

 

[Loon]

Waiting for Sodall.

 

[Tiber]

My kingdom for a shite rumour from @qatarfc

 

[Zora]

My kingdom for a shite rumour from @qatarfc

Nah you’re alright.

 

[Rauður Djöfull]

This seems to have just faded out
No news, no updates, no nothing

 

[AngeloHenriquez]

Oddly despite no news the stock price remained but past 48 hours it's dropping quite a bit now, a sign of anything other than losing faith in the confidence of the Qatar bid winning?

 

[Zora]

Oddly despite no news the stock price remained but past 48 hours it's dropping quite a bit now, a sign of anything other than losing faith in the confidence of the Qatar bid winning?

Doesn’t mean a thing. Stock prices fluctuates every day and has done for years.

 

[McGrathsipan]

you have to be amazed at how well this process is locked down.
Literally zero information on one of the biggest sporting sales in history. Not a fecking dickie bird!

Impressive in this day and age.

 

[mu4c_20le]

I find the market's lack of faith.... disturbing.

 

[George The Best]

you have to be amazed at how well this process is locked down.
Literally zero information on one of the biggest sporting sales in history. Not a fecking dickie bird!

Impressive in this day and age.

Maybe because they are actually doing - nothing

 

[davidmichael]

https://www.dailystar.co.uk/sport/football/man-utd-could-land-six-30440324

https://www.manchestereveningnews.c...kCopy&utm_medium=social&utm_campaign=sharebar

 

[tomaldinho1]

They’re also feckwits that have failed to maximise their prize asset to the point where they’re now forced to publicly seek outside investment.

And let’s not forget the minority investor possibility with them staying on…

Where has this narrative come from? They don't have pressure to sell for financial reasons

 

[GoldanoGraham]

you have to be amazed at how well this process is locked down.
Literally zero information on one of the biggest sporting sales in history. Not a fecking dickie bird!

Impressive in this day and age.

Especially keeping 2 parties interested and them saying/leaking nothing is incredibly impressive.

That to me means that there can be no exclusivity stage currently - which means there could be some way to run yet.

Drawn out is an understatement……a death by 1000 cuts for the losers…..

 

[Big Ben Foster]

Where has this narrative come from? They don't have pressure to sell for financial reasons

They do though. The club's been running large losses, debt levels have been increasing, interest rates are rising, and other macroeconomic indicators are not good.

The Glazers can't afford the status quo.

 

[Pexbo]

Where has this narrative come from? They don't have pressure to sell for financial reasons

They definitely do. The business model they have in place is haemorrhaging money at a time when they desperately need to invest in infrastructure including Old Trafford and Carrington. Their business model is built on debt at a time when debt is becoming prohibitively expensive.

 

[George The Best]

Where has this narrative come from? They don't have pressure to sell for financial reasons

The statement they put out 22nd Nov 2022, to kick-start the process, basically says they need money - either from minority investment or full sale. They subsequently initiated a tender process for the sale of the club. Given they are not prepared to put any of their own money back in, their current position is untenable without additional funding. Major investment in infrastructure is badly needed and the dividends have dried up. As they are unlikely to find a minority investor on terms that would be agreeable to the Glazer’s, their only option is probably to sell.

 

[crossy1686]

I want to believe that but Ratcliffe's bid just won't seem to ever go away so worried

Because if it does the Glazers can’t stall and try to extract more from the process. So it will never go away until they see the Qataris sign the official documents.

 

[Tarrou]

Personal profit wise, they've very definitely maximised their money from us.
Performance wise / trophies wise, obviously is a very different story, but even if we'd had mad success it's unlikely the club would be worth what they're imminently going to sell for.

how do you figure that?

they've spent ~a billion quid to perform quite shit

we surely could've spent say, 500 million to perform quite shit

or 500 million to perform okay, or really well like say Liverpool did

then you could invest that money in the infrastructure, or repaying the debt, or a number of things that could add value to their asset

if our net debt was half of what it is now, they'd definitely be getting more for the club

but they fecked everything up and here we are

 

[greenoffpearson]

The statement they put out 22nd Nov 2022, to kick-start the process, basically says they need money - either from minority investment or full sale. They subsequently initiated a tender process for the sale of the club. Given they are not prepared to put any of their own money back in, their current position is untenable without additional funding. Major investment in infrastructure is badly needed and the dividends have dried up. As they are unlikely to find a minority investor on terms that would be agreeable to the Glazer’s, their only option is probably to sell.

Also the siblings have been running down their shares in United.

By doing this they have managed to accumulate hundreds of millions of dollars.


May 2014: Malcolm Glazer dies. The family sells 12 million more shares at $17 for $200 million (£129 million). In December, Edward Glazer sells 3 million of his shares. Amid fan anger, the Glazers rule out selling Manchester United for at least five years.

August 2017: Through the holding company Red Football, the Glazers sell 4.3 million shares for $17 a share. They make $73 million (£58 million) from the sale.

March 2021: Avram Glazer, the co-chairman, sells 5 million Class A shares worth around $100 million (~£70 million).

October 2021: Avram’s brothers Kevin and Edward Glazer have sold 9.5 million shares at a price of $16.98 per share, netting a total of $161 million (£117 million).

from - https://www.sportico.com/feature/manchester-united-sale-glazer-family-timeline-1234723124/

So the strategy has been to sell shares and raise funds however now they, as a family, are down to about 69% of shares that they jointly own, so they can only really sell off another 2% in the absence of a major club sale.

Also some of the brothers have been more active sellers than others and therefore may be tapped out in the absence of the actual sale of the club.

In summary they have extracted as much from their shares as is possible and now only have the trump card of selling the controlling stake in United with little prospect of dividends, which compared to the massive sums obtained through shares sales are miniscule.

 

[McGrathsipan]

Maybe because they are actually doing - nothing

This has crossed my mind too

 

[Ronaldo's Love Child]

The Glazers have killed every expectations i had of them selling with how they've deal with the process so far, I've come to the self-acceptance of them being here in 2030 and still not decided on who they want to sell to.

I'm inclined to agree.

If it talks like a duck and walks like a duck then it's a duck.

Other then a few murmurings there is nothing to solidly suggest a sale will even happen.

 

[McTerminator]

you have to be amazed at how well this process is locked down.
Literally zero information on one of the biggest sporting sales in history. Not a fecking dickie bird!

Impressive in this day and age.

Or… and it’s just a thought… there is no news and the Glazers really are that incompetent.

 

[RedorDead21]

Or… and it’s just a thought… there is no news and the Glazers really are that incompetent.

That are basically afew brothers with the intellect of Trump who’s wealth was passed onto them. I think they stay quiet to hide this fact. Complete idiots I’m sure.

 

[FerociousCorgis]

What a depressing ass summer

 

[RedorDead21]

What a depressing ass summer

Given a sale is more likely this summer than any of the past 10 I think it’s the opposite. If a sale goes through and we buy no one…I’d rather that than get Kane and they stay.

 

[Partridge]

Is anyone ok? All things considered

True. I've taken to dudeism to resolve my inner turmoil. I feel like Yellowstone's lava system..bubbling just underneath

 

[FerociousCorgis]

Given a sale is more likely this summer than any of the past 10 I think it’s the opposite. If a sale goes through and we buy no one…I’d rather that than get Kane and they stay.

An incredibly important summer window to push on under eth. Instead we've made just one signing, heavily linked to another in onana but that's about it. Hardly any major outgoings from our deadwood to really help revamp our squad. Still no end anywhere near sight for club sale, with it being 99.9999 percent certain nothing will be finalized before window ends.


So more than likely zero shot to get a DM to actually step up when case is out, who the feck is our number 9 for the year, who's filling in for varane when he's out and being groomed to replace, and our squad is still not remotely suited for a long grueling season. All while our rivals are wheeling and dealing it seems. Idk to me it has been Hella depressing. Which sucks cause I'm a huge fan of eth and how he drug this group across the finish line last season.

 

[pocco]

This thread following the same trajectory as the FdJ thread last summer. Any day now the whispers of them staying will trickle out through the media.

 

[RedorDead21]

An incredibly important summer window to push on under eth. Instead we've made just one signing, heavily linked to another in onana but that's about it. Hardly any major outgoings from our deadwood to really help revamp our squad. Still no end anywhere near sight for club sale, with it being 99.9999 percent certain nothing will be finalized before window ends.


So more than likely zero shot to get a DM to actually step up when case is out, who the feck is our number 9 for the year, who's filling in for varane when he's out and being groomed to replace, and our squad is still not remotely suited for a long grueling season. All while our rivals are wheeling and dealing it seems. Idk to me it has been Hella depressing. Which sucks cause I'm a huge fan of eth and how he drug this group across the finish line last season.

We have Case and if he stops the red cards not many clubs have better than him or a like for like DM replacement. City and Liverpool haven’t improved much yet and even Chelsea? Arsenal yes for sure but it’s very early days yet! We have a bulky squad with everyone fit just need certain key quality players for me to be looking at a step forward in the league. A new keeper, mount and If we can get a striker we’ll be competitive for sure.

 

[Godfather]

What a depressing ass summer

I'm almost glad I'm drowning in work as following this absolute tragedy of a share deal combined with our lack of proper acitvitiy in the transfer market really is a mood killer