How much money have you got!
Club Sale | It’s done!
- Thread starter JB08
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Indeed. It's been in use for more than a century by the British, and later by the Yanks. Personally, I hate it. It harps back to the days of British Empire. That and and the 'Near East'.
Red Army.Yes, it could happen at anytime - what we know is the aim from the start was Q1 and the article makes clear is it’s still the aim and there’s been lots of interest. Posting negative hypotheticals based on nothing outside of what’s in your head about how it could still take a while seems a bit weird to me.
Worth noting this line from The Telegraph article:
It is unclear yet whether the Glazers want to completely end their hugely controversial 18-year ownership. United are expected to inform interested parties in the coming days that formal bids will be taken next month for total buyouts as well as minority stakes.
https://www.telegraph.co.uk/footbal...ed-takeover-bids-imminent-middle-east-asia-us
It is unclear yet whether the Glazers want to completely end their hugely controversial 18-year ownership. United are expected to inform interested parties in the coming days that formal bids will be taken next month for total buyouts as well as minority stakes.
https://www.telegraph.co.uk/footbal...ed-takeover-bids-imminent-middle-east-asia-us
My point was targets are approximate and deadlines are soft. Deviation of a few weeks to a month or two is not uncommon when transferring massive properties with lots of paperwork involved. This isn't your local bakery.
They are also used strategically. The Raine Group could have easily given the optimistic option to spur potential bidders into action sooner, which is what I believe to be true. Also, consider that the parasites are fishing for a fool to buy a minority stake, which could also delay any potential sale. Or God forbid, come true.
Of course the Glazers can't dawdle for too long, but a few weeks is not years.
I get the feeling that they'd love to have a controlling stake with a minority investor financing everything. The problem they have is no one is daft enough to do it
The article also says:
" Over the coming weeks, potential investors from around the world will go public with their attempts to buy the sporting giant."
Given that the Glazers don't care what the fans want and aren't arsed about protests, what would be the point?
" Over the coming weeks, potential investors from around the world will go public with their attempts to buy the sporting giant."
Given that the Glazers don't care what the fans want and aren't arsed about protests, what would be the point?
Just trying to strengthen their bargaining position hopefully - "we aren't totally sure we want to sell so if you want to buy the whole club you better make a fecking good offer"
Really hope we stay with relatively clean ownership somehow, I'd much prefer someone like the Glazers or even prefer them to stay on rather than take ME ownership.
Some of them will just be trying to make a name for themselves and won't really be serious bidders. For serious bidders, there is little reason to waste time getting the fans onboard, when the Glazers could not care less about the opinion of the fans.
I too think that this will be the preferred option of at least one or two of them. As you say, it remains to be seen whether they can pull it off. Failing that, they will have no choice but to accept a full takeover as their current business model has finally failed, due to pressure from essential infrastructure investments.
Zero chance the Glazers sell a minority. It's all or nothing.
Ducker probably just has to say that because it was the official line from the club publicly.
Ah, ffs. Mid February for bids means no realistic completion (acceptance of bid is not a sale for the purposes of running the club) until April or even May earliest, in my opinion.
Bloody Glazers are going to transfer saga even the sale of this great institution. Hate the rats.
Bloody Glazers are going to transfer saga even the sale of this great institution. Hate the rats.
Ah, ffs. Mid February for bids means no realistic completion (acceptance of bid is not a sale for the purposes of running the club) until April or even May earliest, in my opinion.
Bloody Glazers are going to transfer saga even the sale of this great institution. Hate the rats.
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I'm so glad you don't get make the decisions
Yeah that is a very good point
This is all speculation. I wouldn't trust a verified football account to give me specifics on billion dollar business purchases.
They might have a point but I would also guess that there's a prospectus pack for all interested parties and once someone is successful, there might be additional DD. The again, rich ME owners might just say, we're paying it.
Still think March looks way too early but happy to be wrong
18 years of these fvcking rats and you post this? Unbelievable
As long as they look after our club long term and not saddle it with debt I'm happy.
Grass ain't always greener, etc.
This has come from an article in the Times.
There will be DD carried out, its not that the sale process has only begun, it has been happening since last year.
Any buyer that puts a bid in will have to have shown proof of funds, so people who say not serious buyers will be in there is incorrect.
When you are putting bids at this level, they will go through alot of checks before even being able to bid.
Stockholm syndrome?
how could you possibly know this?
Yeah I am praying this isn't an option
As am I. It's time for them to go. In fact, the time is long overdue.
Thats actually false. Mukesh Ambani's name has been linked with buying a football club.
There is only one Jamie Ducker, there is only one Jamie Ducker, there is only one Jamie Ducker… (!!!)
Recon that Tom Morgan fellow deserves some praise too. Darn the Telegraph is dominating the scene lately.
Recon that Tom Morgan fellow deserves some praise too. Darn the Telegraph is dominating the scene lately.
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Biggest update on situation for a while
I think you need to leave this thread, you’re type is not wanted around here.
Yeah definitely. And the article says that there will be a lot of news coming in the next few weeks too
Other than wanting the Glazers out like any sensible person, I don't completely know how to feel about a takeover. But I know I want clarity ASAP so I know what to expect.
Some owners would obviously make us one of the Worlds best, others would send us into a further decline. No idea which we'll get.
I'm sure there's interest the issue is with City and Newcastle and psg being owned by those states, there's potential conflict of interest, so it would need to be one of the states without a team, or private funding from one of the ME countries, the Saudis were always the ones we were linked with but that seems out with Newcastle, though its entirely possible that a state backed but technically private investor would bid
Can't another Thai billionaire buy the club? Leicester's owner seems very likeable...
Good to hear something at least, to give us a better clue.
Now we know we can transfer window and chill this month, and then it’s on in Feb.
Now we know we can transfer window and chill this month, and then it’s on in Feb.
Yup if anybody like Kuhn Vichai purchased the club I’d be very happy.
Time for Venkys to dump Blackburn and bid for United..
I wouldve liked Ambani to go for it.. India is a massive market too..
It'll most likely be some state though.. unfortunately.
I wouldve liked Ambani to go for it.. India is a massive market too..
It'll most likely be some state though.. unfortunately.
Fecking hell, that’s the worst ever scenario we could get.
Using the Chelsea FC timeline as a reference for the mid-February date from King James Ducker, we get an end-date in late April.
Our Process could look differently though. The last stage for Boehly, starting after 28 April, also included government approval. Anyone looking to make a full takeover of Manchester United plc must also deal with the shares listed on the NYSE. That is a process that could take months. But this is just formalities, so in practice it could be that we in mid March has a deal done -- which is what matters. If it takes one month or two months after that for the new owner to take reign of the club is something I think we can live with -- as long as it doesn't drag into the summer. The earlier the better of course. But as long as the buyer is just awaiting formalities, all planning can take place as of the time the deal is signed in late March.
It could also be a two step process in which the new owner first buys the Glazers' share and can put its own board in place, and then the Series A shares on NYSE is dealt with during the summer, if at all. Would need someone with insight into Cayman M&A practices to speculate with any kind of certainty on that.
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Let's just both hope for the former
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