Im not an expert but I'm quite sure the rule is - unless you see a big daddy diesel spike in the share price it's all just normal trading noise.
Club Sale | It’s done!
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Agreed. I could be wrong, of course, but it's possible a lot of the younger supporters (which, admittedly, includes people around my age, 44) grew up supporting a different United and for different reasons. We were successful, we were dominant, we were playing fun football, and that's what they want to see again. The rest, like the romance and heritage, speaks to them less.
Even the Glazers haven’t asked for £ 7 billion. But they were never going to accept less than 5.2-5.5 billion, with or without SJR’s bids.
I also think the Qataris made a mistake by including debt payments and infrastructure investments in their bid. That PR even started before the 1st bids were in. Latest from that moment it was always clear to the Glazers that Jassim has more money (for which btw the source is still not clear, will he borrow it, does he have it, his dad, whose money will it exactly be, …).
So Glazers would always want more.
We just don’t know why the delay is there. Maybe the Glazers are currently checking on the source of the money. Not because they care, but because they want to be sure the deal will be approved by the PL.
Why do you think it would have gone down out of interest?
Including existing debt in the valuation is the most basic of basic finance. Read up on Enterprise value.
I think this is just wish full thinking. I think just a false rumour got out, and some one shot it down.
Hardly an expert but I'm in the finance sector and I work with traders daily. I did think it would drop a bit but it will hold a decent price until some positive about Jim being in the lead drops.
The stocks traded since yesterday are not by what I would consider experts.
I did find the fascination with the stock price on here to be odd, traders know as much as we do in regards to this sale.
It’s completely irrelevant for the bidding process. Glazers know the debt. They don’t care if the new owners will clear it or not.
just noticed a bottle of hand sanitiser on my kitchen windowsill that was made by ineos. no prizes for guessing that it now finds itself in the kitchen bin.
The same way as you are suggesting that every middle east person is a human rights offender.
You should have drank it
Inclusion of debt in the valuation is standard. That would be the case for Jimmy Rat's bids as well. The statements about immediately clearing the debt and the pledged investment probably did more good than harm from the Qatari perspective, as the public support is invaluable when the tradeoff is simply dealing with the Glazers trying to squeeze more money out of them.
knowing cheap jim it was probably just water any way.
Honestly, you clearly haven't got a scooby on this topic, so I'm not sure why you're so against some insight. I'm no investment banker but EV is a standard valuation method and Ratcliffe would have also included the debt in his offer.
The bit about paying the debt off is just clarification from the Qatar side for transparency and to get the fanbase onside.
It definitely didn’t do more good than harm. Glazers will be wanting even more money because of that (you know part of the money which is allegedly there to clear the debt and invest in infrastructure).
Fair enough
The deal's been delayed because broke Jimmy Brexit Glazer has to visit all the banks to get enough loans cobbled together to pay for the first lot of shares. He made it to Barclays and Santander but then his knock off Land Rover broke down and he hadn't renewed his AA subscription, so he's waiting for Dave Brailsford to cycle over on a tandem and pick him up.
For those who suggest that debt is "crippling" this club, why are billions traded in bond markets every day? Why do these supposedly financially sophisticated corporations keep on issuing debt? Are they "crippled" by such debt?
No one is talking about EV here.
I am only saying:
SJR hasn’t said that he will be clearing the debt immediately and investing a certain amount in the infrastructure (doesn’t mean he won’t).
Qatar have said this including some numbers, I believe it was 1 billion (doesn’t mean they actually will). But they have with this indicated that they have more money available for Manchester United.
I'll answer your misleading question with another question. What's United's credit rating?
Yes.
It is genuinely important to point out that the very worst aspects of our fanbase are actively cheering this on. That should people food for thought.
UnderratedBonus points if you used the last of the INEOS hand gel to lube up a wank for the Jassim takeover…
Is this a typo for some inside joke?
This is the worst ever thread on this forum
Harsh on horsechoker
I'm the anti-muppet and I also think Qatar as a nation state is loathesome. But I'm fairly relaxed about their inevitable ownership because football is morally bunkrupt anyway.
It doesn't really matter what we think in any case. The idea that the fans in any way own the club except in their heads is just another dumb religious belief. We are at best paying customers. Many of us are not even that.
True
Come on Keegan.
Who are the most reliable sources regarding the club lately ? And don’t say indykaila or Donald trump ye bastards.
Athletic writers. Keegan for during the takeover process.
I thought that nobody could top my level of cynicism but you've come close. This isn't a criticism, more a sneaking admiration. It didn't feel like this in the 60s through the early noughties but the sea change that happened - not just with the Glazers but other clubs - consigned the old footballing ways into the dustbin of history.
A cynic is just what a fool calls a realist, don't you find?
Agent Edward gotta be in top3 for sure
The ownership is crippling this club - part of which involves the debt which we're paying many millions in interest fees every year from the clubs own coffers, money which otherwise would have and should have been invested back into the club. Likewise for the dividends we're paying these rats, likewise for the poor appointments of people at high posts within the club which has also cost us. The debt isn't the sole issue, but its a pretty substantial one.
With the way he’s run the club for 18 years and how he’s handled this sale process, I hope nobody wants to do any business with Malcolm Glazer after this is all over
I hope not, hes been dead for 10 years
I don't think anyone will be doing business with him ever again, in fact I guarantee it.
You wouldn’t get a lot out of him that’s for sure.
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