Sun: Kevin Glazer set to sell his stake in Man Utd

red thru&thru

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I saw it written all over Rashford's face against Newcastle (I think?) when he missed a sitter. It wasn't just anger it was sadness with a hint of despair even - that guy has the weight of the world on his shoulders. Yeah it's a dire state - I just hope January brings with it some fresh blood and our results improve because I would love to see some smiles again out there on that pitch.
Yea, great word you just used there, smiles. God knows how everyone connected with the club needs to be smiling again.
 

el3mel

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Who said about loving? Not every player will be to every supporters liking but do we have to start talking about disliking them etc? No one on this forum can say that they support the club any more than Lingard or Rashford, 2 of the players I notice that get a lot of the abuse. They have supported and played for the club since they've been youngsters. Their performances, for whatever reason, we all know haven't been great but doesn't mean we should start abusing them? I can guarantee if any of us United supporters were asked to play, we'd give 100% but we'd look gutless because we'd be out of our depths. There is no club without the players and no players without the club. They go hand in hand.
If some the players are putting gutless performance and not even giving their all on the pitch then why should the fans care about them or support them? Nope. We aren't forced to support certain players who are dragging the club to the ground when said players will leave eventually and will be replaced by other players who hopefully will care about putting their 100% on the pitch for the respect of the fans not just being happy collecting their salary per week, get on the pitch to put on a disgusting show then coming in public to apologize to fans in a comical way then rinse and repeat next match.

Putting 100% on the pitch is pretty much the minimum you will ask for any player regardless of his ability and if the player can't even do that then nah I'm not forced to support him imo, because what's best for the club then if for this player to feck off. That's in general without giving names.

OK, there's no club without players but the current set of players aren't eternal. Again, players go and leave. They get replaced all the time, and this generation has been pretty terrible and hardly cared about the fans for the fans to actually care about them. The likes of Lingard will leave eventually and get replaced, point.

I think it's clear.
 

red thru&thru

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If some the players are putting gutless performance and not even giving their all on the pitch then why should the fans care about them or support them? Nope. We aren't forced to support certain players who are dragging the club to the ground when said players will leave eventually and will be replaced by other players who hopefully will care about putting their 100% on the pitch for the respect of the fans not just being happy collecting their salary per week, get on the pitch to put on a disgusting show then coming in public to apologize to fans in a comical way then rinse and repeat next match.

Putting 100% on the pitch is pretty much the minimum you will ask for any player regardless of his ability and if the player can't even do that then nah I'm not forced to support him imo, because what's best for the club then if for this player to feck off. That's in general without giving names.

OK, there's no club without players but the current set of players aren't eternal. Again, players go and leave. They get replaced all the time, and this generation has been pretty terrible and hardly cared about the fans for the fans to actually care about them. The likes of Lingard will leave eventually and get replaced, point.

I think it's clear.
No, it's not very clear. I don't agree with what you're saying, so it's not very clear. To perform at the top level, you need a positive and harmonious atmosphere to perform in. With this club, it's anything but. If it was just about giving 100%, I'm sure any of us fans could play for the club.

Like someone else pointed out to you, fans like you are part of the problem. Club is toxic and your kind of abuse of players add to it. Focus your energy on getting rid of the board and owners, you might get the players and managers you crave.
 

el3mel

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No, it's not very clear. I don't agree with what you're saying, so it's not very clear. To perform at the top level, you need a positive and harmonious atmosphere to perform in. With this club, it's anything but. If it was just about giving 100%, I'm sure any of us fans could play for the club.

Like someone else pointed out to you, fans like you are part of the problem. Club is toxic and your kind of abuse of players add to it. Focus your energy on getting rid of the board and owners, you might get the players and managers you crave.
Anyone of us will give their 100% if they're playing for the club. We'll just look terrible because we're not good footballers. These players aren't giving their all on the pitch, and approach loads of games with careless and gutless performance. They don't respect the fans cheering for them then don't deserve any caring from the fans.

Fans are part of the problem ? We're now blamed for the toxicity of the club ? Seriously ? The club is toxic because players, manager and the board are all crap and all care about themselves rather these fans and club. A new board or owners replacing the current one will sell these players and sack this manager, hence the earlier point that these players are bound to leave at one point or another.

Who even said that if you're against the board and owners you need to support the current players or manager ? Why many of you don't get the fact all these aren't mutually exclusive, and you can be simply against everyone in the club because it's so obvious all of them are a big problem on their own, from crap and gutless squad, to an out of depth awful manager and a board who want to milk the club as much as possible ? You know it's possible to be against all these at once.

The ship has sailed for most of this squad all honestly. The majority of them only care about collecting their salary per week. They're not afraid anymore about the state of the club or which results we're getting. They'll say some generic cliches for the fans and then repeat the same thing every game. They all have giga contract even when their performance doesn't deserve it.

I have no problem if the results are crap and these players are giving their all but you look at them and you hardly see any fight in the majority of them, which is disgusting for the club and the fans. They need to respect the fans first for the fans to respect them.
 

red thru&thru

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Anyone of us will give their 100% if they're playing for the club. We'll just look terrible because we're not good footballers. These players aren't giving their all on the pitch, and approach loads of games with careless and gutless performance. They don't respect the fans cheering for them then don't deserve any caring from the fans.

Fans are part of the problem ? We're now blamed for the toxicity of the club ? Seriously ? The club is toxic because players, manager and the board are all crap and all care about themselves rather these fans and club. A new board or owners replacing the current one will sell these players and sack this manager, hence the earlier point that these players are bound to leave at one point or another.

Who even said that if you're against the board and owners you need to support the current players or manager ? Why many of you don't get the fact all these aren't mutually exclusive, and you can be simply against everyone in the club because it's so obvious all of them are a big problem on their own, from crap and gutless squad, to an out of depth awful manager and a board who want to milk the club as much as possible ? You know it's possible to be against all these at once.

The ship has sailed for most of this squad all honestly. The majority of them only care about collecting their salary per week. They're not afraid anymore about the state of the club or which results we're getting. They'll say some generic cliches for the fans and then repeat the same thing every game. They all have giga contract even when their performance doesn't deserve it.

I have no problem if the results are crap and these players are giving their all but you look at them and you hardly see any fight in the majority of them, which is disgusting for the club and the fans. They need to respect the fans first for the fans to respect them.
Which players give their all?
 

red thru&thru

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AWB, James and Scott so far only regardless of their abilities. Can't think of any others. (not counting GK).
So not even Harry Maguire? Would it make sense for him to already have given up?

What about DDG, he's been on a real poor run of form. Is he not giving 100%?
 

el3mel

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So not even Harry Maguire? Would it make sense for him to already have given up?

What about DDG, he's been on a real poor run of form. Is he not giving 100%?
I clearly said not counting GK mate.

Maybe Maguire though I think he can still do more.

Even counting these 2 leaves about 6 of the main lineup. Do you think if these players were giving their all we will be this shite ? Do you think they're worse than Newcastle and Crystal Palace players ? Of course, Ole is also a tactically awful manager and had a big role in us being close to relegation, but the majority of the players don't seem to have any fight in them. Are they even embarrassed by the fact they're losing continuously to teams with worse set of players than them ?
 

red thru&thru

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I clearly said not counting GK mate.

Maybe Maguire though I think he can still do more.

Even counting these 2 leaves about 6 of the main lineup. Do you think if these players were giving their all we will be this shite ? Do you think they're worse than Newcastle and Crystal Palace players ? Of course, Ole is also a tactically awful manager and had a big role in us being close to relegation, but the majority of the players don't seem to have any fight in them. Are they even embarrassed by the fact they're losing continuously to teams with worse set of players than them ?
We can debate this all day long but I come back to my original point, if you're supporting the club, it's not just saying you follow Manchester United, it's about backing the manager and players. Whether they are putting in the effort or not, is subjective.

However, what isn't subjective, is the way the Glazer's took over us and run us. They're clearly in it for the money, which you accuse some of our players doing. Any negative energy really should be targeted to them, not players who have been with us through the youth ranks and do nothing obvious to suggest they don't care
 

el3mel

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We can debate this all day long but I come back to my original point, if you're supporting the club, it's not just saying you follow Manchester United, it's about backing the manager and players. Whether they are putting in the effort or not, is subjective.

However, what isn't subjective, is the way the Glazer's took over us and run us. They're clearly in it for the money, which you accuse some of our players doing. Any negative energy really should be targeted to them, not players who have been with us through the youth ranks and do nothing obvious to suggest they don't care
It's your opinion of course but I don't get the point of separating supporting players and manager from backing or not the owners. Don't agree with that and it's not mutually exclusive, and for me if the players want the fans to back them to stay in the club then they need to respect these fans first and give their all on the pitch.

So I guess we're at a point we can agree to disagree and move on. Each to his own opinion and view I guess. No problems here.
 

edgar allan

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I clearly said not counting GK mate.

Maybe Maguire though I think he can still do more.

Even counting these 2 leaves about 6 of the main lineup. Do you think if these players were giving their all we will be this shite ? Do you think they're worse than Newcastle and Crystal Palace players ? Of course, Ole is also a tactically awful manager and had a big role in us being close to relegation, but the majority of the players don't seem to have any fight in them. Are they even embarrassed by the fact they're losing continuously to teams with worse set of players than them ?
Some of our losses ( and wins) have been to teams with better players on the pitch than ours.
 

red thru&thru

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It's your opinion of course but I don't get the point of separating supporting players and manager from backing or not the owners. Don't agree with that and it's not mutually exclusive, and for me if the players want the fans to back them to stay in the club then they need to respect these fans first and give their all on the pitch.

So I guess we're at a point we can agree to disagree and move on. Each to his own opinion and view I guess. No problems here.
I'm using your word . You said you don't support the players because they don't care and are in it for the money. That is subjective. There is no real foundations for your claims.

However, there are foundations for all the above to the Glazer's. That's the difference.
 

el3mel

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I'm using your word . You said you don't support the players because they don't care and are in it for the money. That is subjective. There is no real foundations for your claims.

However, there are foundations for all the above to the Glazer's. That's the difference.
There's and it's obvious on the pitch, but as I said, each to his opinion.
 

Valar Morghulis

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What's all this bullshit about smiley players and how to be a "proper supporter"... Glazers fecking out
 

red thru&thru

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Hopefully they will be leaving. Are they testing the market by converting his shares from B to A.
 

Green_Red

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Seems legit that The Sun would be the newspaper to break a massive story like this, theyre knowledge of high powered financial deals is massively underrated.
 

red thru&thru

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Nice one. I wonder if he is looking for a single buyer or if his shares will go up for sale. Would love to own some.
I used to own them when they were plc. I just felt part of the club. But now, I just want my club back. It will be interesting to see what he does with the shares?! Saudis? Let's see.
 

Green_Red

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I used to own them when they were plc. I just felt part of the club. But now, I just want my club back. It will be interesting to see what he does with the shares?! Saudis? Let's see.
I dont want the Saudis to own United. They dont have the greatest reputation internationally, we dont need them to tarnish us. Unfortunately its going to be a case of money talks. Hope he sells them publically, fingers crossed.
 

Catt

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I used to own them when they were plc. I just felt part of the club. But now, I just want my club back. It will be interesting to see what he does with the shares?! Saudis? Let's see.
You want the Saudi's to buy United?
 

red thru&thru

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You want the Saudi's to buy United?
I've answered this in maybe one of the other threads. Are the Saudis my ideal owners? No.

Are we going to compete as a club with the Glazer's in control? No.

Do I believe they will be able to bring my club back to where we should be? Probably.
 

red thru&thru

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I've not been following the thread but somebody told me the other day that he'd released a statement saying it's not true that he wants to sell his shares. Do we actually know what the truth is yet?
There were denials via Sky but it's all a bit suspicious for him to change them from B to A. There could be many reasons for it but the "experts" are saying it's unusual to convert them if no sale.

Ps, I'm no expert. Just what I've pieced together from all the rumours etc.
 

pocco

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Keep a clean shit tomorrow, United is my final bus
There were denials via Sky but it's all a bit suspicious for him to change them from B to A. There could be many reasons for it but the "experts" are saying it's unusual to convert them if no sale.

Ps, I'm no expert. Just what I've pieced together from all the rumours etc.
Cheers. I've stopped reading about United related news recently to try and forget about it between games and during the break.
 

AbusementPark

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Nice one. I wonder if he is looking for a single buyer or if his shares will go up for sale. Would love to own some.
Seems skysports have poured cold water on the sale. Apparently it was to cover a technical issue rather than getting a loan or selling the shares.
 

IrishMcD

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Presuming all the stories doing the round should online today about he Saudis coming in with a bid is just some hack trying to create a story based on this changing of shares. Or does anyone know if someone reputable is actually reporting it? Going from the Glazers to the Saudis would be some difference. They'd invest massively in squad and in stadium but there would be some serious hate towards them, the PR team would have to work some serious overtime
 

Johan07

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Nice one. I wonder if he is looking for a single buyer or if his shares will go up for sale. Would love to own some.
If you want to buy shares you just ask your bank to assist you. They trade freely on the NYSE. I own a few, so does a lot of other people here on the Caf. It does not matter if Kevin Glazer floats his shares or not for you to be able to invest in the club.
 

U99ted

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No, it's not very clear. I don't agree with what you're saying, so it's not very clear. To perform at the top level, you need a positive and harmonious atmosphere to perform in. With this club, it's anything but. If it was just about giving 100%, I'm sure any of us fans could play for the club.

Like someone else pointed out to you, fans like you are part of the problem. Club is toxic and your kind of abuse of players add to it. Focus your energy on getting rid of the board and owners, you might get the players and managers you crave.
Do you think the fans would be equally negative if we were winning? I know some people would nitpick good performances but they’d shut up when we are lifting a shiny new trophy at the end of the season. In the Liverpool game at Old Trafford five years ago, the same “toxic” fans got behind the team even after being humbled. The fans are just sick of shocking performances and no progress. With that said, at this point it should be clear to everyone that the main problem is the board not the manager or players we keep changing.
 

red thru&thru

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Do you think the fans would be equally negative if we were winning? I know some people would nitpick good performances but they’d shut up when we are lifting a shiny new trophy at the end of the season. In the Liverpool game at Old Trafford five years ago, the same “toxic” fans got behind the team even after being humbled. The fans are just sick of shocking performances and no progress. With that said, at this point it should be clear to everyone that the main problem is the board not the manager or players we keep changing.
Yep, it's the last line I'm referring too. All fans get unhappy. Heck, there were countless times under Fergie we were. We just need to help our players in the time of need and hound out the board and owners. We have given them plenty of time and opportunities to turn things around. Just not happening.
 

Redjazz

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The only snag with this is that he doesn't need to formally convert his shares and he didn't actually convert his shares.
The B shares remain.

The particular 13D filing states that:
"As of October 1, 2019, the previously disclosed security interest in the Class B ordinary shares is no longer in effect."

And this was somehow interpreted by the rags (and seemingly quite a few of our in-house financial experts) as an indication of a share conversion and a possible precursor to a sale.

The previously disclosed security interest refers to a loan agreement in 2017 where about 4.5m B shares (in KEGT Holdings LLC) were used as collateral. Presumably, that loan or conditions attaching were settled.

The notable thing is that in 2017 all shares in Red Football LLC (the company through which The Glazers repaid the PIK loan around 2010 and repository for most of shares owned by the family after the IPO in 2012) were transferred to both a family trust and LLC for each Glazer. At exactly the same time Each LLC provided collateral for separate loan agreements with each of the Glazers. The combined collateral of roughly 50m B shares hints at a sizeable overall loan.
Speculating as to why moving shares from Red football LLC would trigger such a sequence of events is iffy given the paucity of info that can be gleaned from 13D filings, but if I had to hang it out there, I reckon that family are still dealing with PIK legacy issues, the new separate loans amounting to the latest refinancing of a loan (housed in red football LLC or a rung above) that funded the PIK repayment around 2010.
 

red thru&thru

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The only snag with this is that he doesn't need to formally convert his shares and he didn't actually convert his shares.
The B shares remain.

The particular 13D filing states that:
"As of October 1, 2019, the previously disclosed security interest in the Class B ordinary shares is no longer in effect."

And this was somehow interpreted by the rags (and seemingly quite a few of our in-house financial experts) as an indication of a share conversion and a possible precursor to a sale.

The previously disclosed security interest refers to a loan agreement in 2017 where about 4.5m B shares (in KEGT Holdings LLC) were used as collateral. Presumably, that loan or conditions attaching were settled.

The notable thing is that in 2017 all shares in Red Football LLC (the company through which The Glazers repaid the PIK loan around 2010 and repository for most of shares owned by the family after the IPO in 2012) were transferred to both a family trust and LLC for each Glazer. At exactly the same time Each LLC provided collateral for separate loan agreements with each of the Glazers. The combined collateral of roughly 50m B shares hints at a sizeable overall loan.
Speculating as to why moving shares from Red football LLC would trigger such a sequence of events is iffy given the paucity of info that can be gleaned from 13D filings, but if I had to hang it out there, I reckon that family are still dealing with PIK legacy issues, the new separate loans amounting to the latest refinancing of a loan (housed in red football LLC or a rung above) that funded the PIK repayment around 2010.
So in simple terms, as I've personally been able to grasp everything you just said here, is that the B shares haven't been converted but some loans may have been paid off that were put against these shares?

Thanks for the reply in advance.