Club Sale | It’s done!

[DownRiver]

The glazers getting a valuation close to their absurd initial £6b valuation, is great business for them. This drawn-out competitive process and leaks have put them in this position.

I do not think either Jim or Jassim will increase their bids once more, and we will know something this/next week. If it does get drawn out, I do think Jassim will go all the way. Also remember, Qatar may offer the Glazers investment opportunities to entice them.

 

[Sultan]

Unless there is exclusivity for either side this can be a never-ending saga unless one of the bidders says enough is enough. Pointless to get hopes high for a conclusion to this saga either way.

 

[Berbaclass]

Even if the Qatar bid is higher now I'm guessing the Glazers will be hoping if they keep 20% with the INEOS bid that will be worth more in the future so they'll make more money eventually

It's not that much higher so it's not really worth waiting 3 years. Better to take the cash now.

 

[Massive Spanner]

Unless there is exclusivity for either side this can be a never-ending saga unless one of the bidders says enough is enough. Pointless to get hopes high for a conclusion to this saga either way.

I guess if the Qatar bid is lower then that’s that, no? Hopefully. Would be a depressing end if they took over.

 

[Castia]

I reckon the people who want Jim wanted Moyes back in the day

You know what I mean?

 

[Chief123]

This is a done deal. Only a matter of time now before the worlds worst kept secret that Sheikh Jassim completes the takeover.

There’s no way he goes back in with a bid knowing it’ll get rejected. It looks like the meeting yesterday probably did happen as reported. It would just be inviting ridicule if he put a bid in knowing it isn’t going to be accepted.

 

[Mickeza]

Unless there is exclusivity for either side this can be a never-ending saga unless one of the bidders says enough is enough. Pointless to get hopes high for a conclusion to this saga either way.

Qatar have added 500m on after being kept in the dark for a few weeks following a previous “final” bid. I don’t see why the Glazers don’t keep them stewing for another few weeks and see what they come back with.

 

[dpansheth]

it would help everyone on this thread if they start their comment with:
- What they think SJR bid's valuation of Man Utd is
- What they think SJ bid's valuation of Man Utd is
- their preference if any


Leave debt & other developments out of the picture.

 

[dpansheth]

I reckon the people who want Jim wanted Moyes back in the day

You know what I mean?

very well put.

 

[Massive Spanner]

I reckon the people who want Jim wanted Moyes back in the day

You know what I mean?

I don’t recall the choice being Moyes or a murderous dictator.

 

[mu4c_20le]

I reckon the people who want Jim wanted Moyes back in the day

You know what I mean?

Fergie for Sir Jim ?

 

[Berbaclass]

SJR's bid 1: ~£4.14bn to the Glazers. And with that they don't need to pay anything and just get to walk away. The remaining 31% stays on the stock exchange. That's if they buy.

SJR Bid 2: ~£2.9bn to the Glazers but 20% of the club remains with Joel and Avram Glazer. 31% remains floated. Other siblings walk away. No debt payments on Glazers etc.

Jassim bid: £3.45bn to the Glazers for their 69% and will then spend another ~£1.55bn -£1.75bn paying off the stocks on the public market and delisting the company. Need to see who is paying the debt as original offer it was on the Glazers but this hasn't said anything to clarify.

 

[Marcelinho87]

This is a done deal. Only a matter of time now before the worlds worst kept secret that Sheikh Jassim completes the takeover.

There’s no way he goes back in with a bid knowing it’ll get rejected. It looks like the meeting yesterday probably did happen as reported. It would just be inviting ridicule if he put a bid in knowing it isn’t going to be accepted.

I think this is what happened, the hotel thing then this, smoke/fire etc.

 

[Reditus]

In what way

Concerning? Why?

For who…? City, Newcastle and Liverpool fans? Or Utd fans who want to see the club thrive again?

It’s like people think it’s unanimous amongst Utd supporters that we all favour their Qatar deal

 

[nainaisson]

The Glazers are going to want the "pledged investment" money for themselves. I can see them holding out until they get that money promised to them too.

 

[Superden]

Next time I'm selling me house, I'm gonna ask the glazers to do it...

 

[Zaphod2319]

Someone said that a hot favourite preferred bidder was leaked for Chelsea about a week before Raine suddenly switched course and announced Boehly. Hopefully they pulled the same trick with Ratcliffe

I do not remember a leak. Ben Jacobs was writing info about Boehly's bid. Later it was easy to see Jacobs was getting everything from Boehly. It was Boehly, Ricketts, and a Saudi group. The Saudi group refused to share all their financial with Raine and were out. Then the Ricketts were getting a lot of backlash because of the Trumpanze fund raising and they started disagreeing about going forward and they were gone. Then Boehly was named preferred bidder when everyone else fell away.

 

[Reditus]

What is the hotel thing I see being mentioned?

 

[wolvored]

Qatar have added 500m on after being kept in the dark for a few weeks following a previous “final” bid. I don’t see why the Glazers don’t keep them stewing for another few weeks and see what they come back with.

Because for the actual team it will be a disaster on the transfer front, so dont see why you would want that

 

[dpansheth]

SJR's bid 1: ~£4.14bn to the Glazers. And with that they don't need to pay anything and just get to walk away. The remaining 31% stays on the stock exchange. That's if they buy.

SJR Bid 2: ~£2.9bn to the Glazers but 20% of the club remains with Joel and Avram Glazer. 31% remains floated. Other siblings walk away. No debt payments on Glazers etc.

Jassim bid: £3.45bn to the Glazers for their 69% and will then spend another ~£1.55bn -£1.75bn paying off the stocks on the public market and delisting the company. Need to see who is paying the debt as original offer it was on the Glazers but this hasn't said anything to clarify.

Is this the current bid?

 

[Berbaclass]

Is this the current bid?

Roughly

 

[BluesJr]

I reckon the people who want Jim wanted Moyes back in the day

You know what I mean?

Spot on.

 

[Dobba]

What is the hotel thing I see being mentioned?

It's a big building full of rooms that people effectively rent out for a short period of time.

 

[lostcauz]

Unless there is exclusivity for either side this can be a never-ending saga unless one of the bidders says enough is enough. Pointless to get hopes high for a conclusion to this saga either way.

Does SJR have the minerals for it? Seemed like he was struggling by the third round of bidding. Initial offer was for 69% and now down to 51% (With a rumour of another bid for 69%)
How much can he afford to borrow to buy the club, invest in the squad and facilities. Not to mention the current debt.

 

[BluesJr]

What is the hotel thing I see being mentioned?

Avram was at a hotel owned by Jassims dad in London the other day.

 

[mu4c_20le]

Qatar have added 500m on after being kept in the dark for a few weeks following a previous “final” bid. I don’t see why the Glazers don’t keep them stewing for another few weeks and see what they come back with.

Glazers are cooking the qataris like Texas brisket

 

[horsechoker]

The Glazers are going to want the "pledged investment" money for themselves. I can see them holding out until they get that money promised to them too.

If I'm buying a house, why would I give the money I'm going to use on renovating the house to the seller?

 

[Mickeza]

Because for the actual team it will be a disaster on the transfer front, so dont see why you would want that

Sorry…where did I say I wanted that? The aim of this sale is to get the Glazers as much money as possible. What that means for the team is irrelevant.

 

[Massive Spanner]

Spot on.

How is it spot on? It’s one of the worst analogies I’ve ever heard

 

[Chief123]

What is the hotel thing I see being mentioned?

Joel Glazer was seen and photographed leaving a hotel in london yesterday which is owned by Sheikh Jassim’s father. Reports have been putting two and two together to suggest it was for a meeting with the Sheikh or his reps. Would make sense considering there’s a new bid the day after.

 

[Attila]

The Glazers are going to want the "pledged investment" money for themselves. I can see them holding out until they get that money promised to them too.

 

[wolvored]

Does SJR have the minerals for it? Seemed like he was struggling by the third round of bidding. Initial offer was for 69% and now down to 51% (With a rumour of another bid for 69%)
How much can he afford to borrow to buy the club, invest in the squad and facilities. Not to mention the current debt.

Is it 51% though? If they own 69% and can keep 20% that adds up to 49% for Ratcliffe. Where does this magical 2% come from?

 

[Red in STL]

Next time I'm selling me house, I'm gonna ask the glazers to do it...

You'd better getting them to buy one for you, spend little, get a fortune back

 

[Red4Ever]

It's a big building full of rooms that people effectively rent out for a short period of time.

dead

 

[Mickeza]

If I'm buying a house, why would I give the money I'm going to use on renovating the house to the seller?

If I’m buying a house I don’t tell the seller my bid includes 25k worth of renovation work. The Qataris saying they’ve bid 7 billion dollars with a PS of it including a billion for the community is just bizarre. It is completely irrelevant to the process.

 

[Marcelinho87]

Joel Glazer was seen and photographed leaving a hotel in london yesterday which is owned by Sheikh Jassim’s father. Reports have been putting two and two together to suggest it was for a meeting with the Sheikh or his reps. Would make sense considering there’s a new bid the day after.

Was Avram, the rat looking one.

But yeah no coincidences here for me, it was linked.

 

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[horsechoker]

If I’m buying a house I don’t tell the seller my bid includes 25k worth of renovation work. The Qataris saying they’ve bid 7 billion dollars with a PS of it including a billion for the community is just bizarre. It is completely irrelevant to the process.

Agree with that too.

 

[DownRiver]

Unless there is exclusivity for either side this can be a never-ending saga unless one of the bidders says enough is enough. Pointless to get hopes high for a conclusion to this saga either way.

I do not think there will be an exclusivity period in the true sense of having further negotiations. The Raine Group have increased bids by putting the two bidders against each other in order to keep the tension until the last moment; having an exclusivity period with any particular bidder will give the power to the bidder to make their own rules. I do, however, think there will be a preferred bidder where final details will be agreed with the bid not changing.

 

[Berbaclass]

Is it 51% though? If they own 69% and can keep 20% that adds up to 49% for Ratcliffe. Where does this magical 2% come from?

The brothers would have to go below 10% as their B shares would remain active so they'd have 9% each