with all this transfer activity that looks pretty legit I'm wondering if a deal is more or less agreed behind the scenes
Club Sale | It’s done!
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Don't think it indicates that. We have a budget for the summer either way and are using it to get the first couple of players in. What happens after depends on the ownership.
Funny analogy - my friends family were in that situation (a bunch inherited the family house) and they pissed about and managed to lose a lot of money.
So yes, I'd believe the Glazers would let it all burn just to spite one another.
Wait, how did you all of a sudden come up with this number?
He's still in negotiations to aquire those
What I want to know is, if SJR & Ineos are front runners and likely to secure the deal, then why isn’t it signed, sealed and delivered? We’re in June now. My opinion is that the Glazers are simply waiting for Qatar’s revised bid.
It’s all smoke and mirrors and very typical in business. I’m actually hoping SJR come through and buy us over Qatar due to the human right’s issues but I just don’t see that happening at all.
I think Qatar will sweep the Glazers off of their feet and it’s just a matter of time now.
It’s all smoke and mirrors and very typical in business. I’m actually hoping SJR come through and buy us over Qatar due to the human right’s issues but I just don’t see that happening at all.
I think Qatar will sweep the Glazers off of their feet and it’s just a matter of time now.
It was reported earlier from the telegraph go back through the thread it’s there numerous times. People thought it was £3bn but it was $3bn but the new shares would be paid at higher premium so the bid overall was about £2.7bn for 51% but eventually paying a premium for the other two glazers 20%, it’s all there I really can not be bothered to chase this again, when even if it’s the Telegraph we still don’t know if they are reporting the truth, we don’t know what any of the bids are because all parties are under strict NDA’s the safe assumption is that no party has met the price that the Glazers are willing to sell for , NO Bidders !
I understand that portion. I meant the section where you said "especially if he only owns 33% of the club."?
Probably a typo
NYSE opens in 10 mins. Have a feeling the price is going to fall off a cliff today.
Awaiting the NYSE opening with curiosity
I think it will go up
Why?
Based on your Twitter bubble?
Poor weekend generally for United will tie into general feeling of FUD. Then you have since the exchange closed for the weekend the news that all six Glazers are looking to stay. Plus the various appearances of Glazers at the final indicating they have an interest in the club, even if it’s all show.
I hope you are right as I hold some MUFC shares but I can’t help but think it’s going to drop like a stone.
I have a feeling there will be an announcement tonight.
He keeps them all then definitely no better
Just like I keep saying he has to reach the same figure as Ratcliffe is offering albeit across a longer period rather than upfront
Happened to me mate buying my first house, put a bid in (it had been left to 4 kids) and 2 wanted to sell to me straight away, the other 2 wanted more money. I didn't raise my bid and they squabbled for months over it, so long in fact that house prices plunged, I pulled out and bought a bigger property for less money. I eventually found they sold theirs for 50k less than what I offered. All because of greed and wanting a few more grand. I did laugh.
Yeah I could see that happening as well. I really hope they don't and just fekin get on with it and put differences aside.
Down 2% currently
What transfer activity is that?
A few stories about Mount agreeing terms? Usual sort of fancy about other high value players like every summer.
yeah, we've been heavily linked him Min-Jae and Mount which is already ~100m worth
Are we still on course for completion by first quarter of this year?
Money sponging cnuts.
Money sponging cnuts.
I think this is very likely to play out like this with the Glazers!
Ok onto the valuation which many people do not understand. The Raine Group get a huge Commission for arranging this sale and they want the highest value the club
The Glazers own 69% of the 69.5% B shares, Ed Woodward 0.05%. The other 30.5% are A shares and only have 1/10th the voting power of the B Shares.
The current share Price is $18.82 and there are 163 million shares with a market cap of $3.068bn. To gain control of the club the Glazers would like the club valued at £6bn for them to sell their controlling shares.
Forbes in May 2023 valued the club at $4.6bn with their breakdown as follows ; yearly Revenue of $663m, Debt Value at 13%, Matchday $59m, Future Broadcasting $2.1bn and Commercial Brand $1.6bn these are future revenues expected in a period of at least 20 years.
The Glazers own 113 million shares who were rumoured to be offered by the Qatar 33 dollars per share or $3.729 Bn
Plus the Glazers will also expect a premium for the current squad which is worth $950m. And future commercial deals valued at $1.6bn. Giving the Glazers a potential $6.2bn pay out minus the debt which must be paid, this does not have to be paid for in SJR bid, like I said there are pros and cons to both bids.
This is where 100% of the bid is very different from buying a controlling stake in the club and most of the fans do not understand this. SJR is not looking to pay anything like SJ to buy out the Glazers shares even though his bid is marginally higher in context only.
The real issues are simple the SJ bid of £4.8bn or $6bn does not value the squad at the value the Raine group does and rightly so because most of the squad have future amortised payments before the club owns them outright.
They have to pay the debt of $1bn before they can pay out the Glazers which is why SJ and the Qatar 92 foundation can not believe how the Raine Group and the Glazers keep moving the goal posts, there is only one 100% bid on the table which values Squad and loss of future commercial value.
I hope this now makes sense to a lot of people, my gut is they want the Qataris to make a final bid of about $38 per share which would be premium earn out sale value of = $4.294 billion which would be another £455m or $565m. This would mean that the SJ would pay $6.6bn- $1bn debt so the Glazers would receive $5.6bn to take control of the club and then have to offer the remaining 30.5% of which the Glazers own 4.3% at least $30 per share to delist from the NYSE. Therefore SJ would have to pay another $200m to the Glazers and $1.3bn to the remaining share holders.
Perspective after Qatar has paid the debt of $1bn and not even invested $1 into the club it would cost them a further $7bn (£5.7.bn) to own 100%, SJR does not have this cash available so he’s looking to broker a completely different deal.
There have been so many misconceptions to what the Glazers actually get but they simply answer is they got a lot more now for 100% buy out.
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The AI guy who controls Sheikh Jassim needs to wake up. Gone deafly quiet
Anticipating another week of absolutely nothing, not even any semi-reliable rumours.
Anticipating another week of absolutely nothing, not even any semi-reliable rumours.
I swear you take yourself a lot less seriously than other people on here and it's hilarious to see their reactions.
Red candle so far… can you have a word with Nick Speed?
I'm just trying to pass the time really, we're all fed up with the process. Think everyone would agree on that.
I swear you take yourself a lot less seriously than other people on here and it's hilarious to see their reactions.
He's tweeted actually
I don’t know if I have ever trusted any of the prime movers in this, but I do wonder what happened to the supposed super secret bidders involved?
That's not a good sign
You’re hanging on the words of a 15 year old with a Twitter accountHe's tweeted actually
It's in the media's interest to put out contradictory stuff. Drives clicks.
Until there is an official announcement from Raine/Club etc then I don't really believe anything at this stage. Think it's been proven that nobody knows much as you've said.
Of course not
The big difference here is that when purchasing a football club (or any prominent sports team), you are not just purchasing an asset for its utility. A lot of what you're buying is the badge. This means the fan base, the reputation, the prestige, the intellectual property. The Qatari consortium is not going to stumble across another club in England like Manchester United. This is a rare opportunity and Raine/Glazers know it. The question left unanswered is just how much of a premium are the Qataris willing to pay for it.
I think we go into next season with this still not sorted.
Bidding parties would have wanted to come in in time to make statements this window, hard to see there being time for this now.
Could be a benefit to both Jassim and SJR holding out - added fan pressure, stock price devaluation, etc. In other words, get to a point where the Glazers overplay their hand. It will be fecking brutal around the club if they stay now.
Bidding parties would have wanted to come in in time to make statements this window, hard to see there being time for this now.
Could be a benefit to both Jassim and SJR holding out - added fan pressure, stock price devaluation, etc. In other words, get to a point where the Glazers overplay their hand. It will be fecking brutal around the club if they stay now.
Would be totally shameful,so yes it means those yankee leeches get more money but it's time to now hit that £6bn figure,so something along lines of £5.3bn plus £700m to cover debt
Just contemplating that is depressing
Probably what's happening. The Glazers want an auction. Ratclliffe and Qatar seemingly want to pay less than the asking price. Both Ratcliffe and Qatar are fully aware of the clubs present financial situation and it's a strong possibility that they are trying to make the Glazers cave in.
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