Club Sale | It’s done!

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pocco

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Keep a clean shit tomorrow, United is my final bus
Manchester United still has £725+ Million in gross debt.

If you support INEOS or any other buyout bid that 1. Keeps the Glazers here and or 2. Doesn't clear the club debt, then you're anti-Manchester United. It's that simple.
You supported United through the Glazers, who saddled us with all that debt. You are anti Manchester United. It's that simple.
 

RopersReturn

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I saw an article today on twitter (Sorry can't remember by who) that said this sale feels like a last act of vengeance by the Glazers against a fan base that despises them, and I couldn't agree more.

They've never really been loved or even liked at this club, even when we were were doing well in the last few years under Fergie. The way they purchased the club using debt made them an enemy before they even picked up the keys. I'm not familiar with what their relationship is with the Tampa Bay fans, but I'm assuming they aren't anywhere near as hated..

Now with this sale, they could obviously do things much quicker, they know this process is hurting the club, slowly torturing the fans and part of them is probably enjoying it. If they were dealing with a fanbase that adored them, I really think they would have wrapped this up weeks ago, if not months.
It’s an interesting theory, but then how did other clubs with hugely unpopular owners, ever manage force them out?
With the exception of the Venky’s who are still at Blackburn, the likes of Mike Ashley, Joy Seppala, and the Birmingham City (BSHL) group in reference to the club’s Hong Kong-based holding company Birmingham Sports Holdings, have all stepped down after huge protests and criticism in the local media.
 

blackhawk747

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It’s an interesting theory, but then how did other clubs with hugely unpopular owners, ever manage force them out?
With the exception of the Venky’s who are still at Blackburn, the likes of Mike Ashley, Joy Seppala, and the Birmingham City (BSHL) group in reference to the club’s Hong Kong-based holding company Birmingham Sports Holdings, have all stepped down after huge protests and criticism in the local media.
I don't think the Glazers care much about the fans neither doing a vengeance on us. They only care about how the value the can be squeezed from the club. If rumors are true, Joel and Avram want to stay merely because they fear they exit at the timing where the club is at relatively lowest valuation. they want someone like SJR and his purse to invest in the club and inflate the value of the club.
The other Glazers sibling simply want to cash in right now and invest in other asset class.
 
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Giggsyking

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I don't think the Glazers care much about the fans neither doing a vengeance on us. They only care about how the value the can be squeezed from the club. If rumors are true, Joel and Avram want to stay merely because they fear they exit at the timing where the club is at relatively lowest valuation. they want someone like SJR and his purse to invest in the club and inflate the value of the club.
The other Glazers sibling simply want to cash in right now and invest in other asset class.
Ok, lets say they are thinking like that. Why would SJR invest while they do not contribute anything? Jim is not going to invest a penny without diluting the Glazers share and class A shares.
 

NicolaSacco

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It’s an interesting theory, but then how did other clubs with hugely unpopular owners, ever manage force them out?
With the exception of the Venky’s who are still at Blackburn, the likes of Mike Ashley, Joy Seppala, and the Birmingham City (BSHL) group in reference to the club’s Hong Kong-based holding company Birmingham Sports Holdings, have all stepped down after huge protests and criticism in the local media.
But all of those are clubs that don’t generate vast amounts of money. From Mike Ashley’s perspective for example, the club was in decline, it wasn’t turning a profit, and his only option to make money was a vast investment to turn them into a CL team. All the time that wasn’t happening his capital investment was declining.
 

blackhawk747

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Ok, lets say they are thinking like that. Why would SJR invest while they do not contribute anything? Jim is not going to invest a penny without diluting the Glazers share and class A shares.
Yep. The previous reports said SJR would buy out the 4 sibling class b shares and granted the put options to Joel and Avram under certain terms. This move could lower the financial burden for SJR to take full voting control of the club. This could leading to a legal battle with the class a minority shareholders.
 

dacore

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The feeling is that the longer it takes the more likely a sale is the preferred choice. Otherwise they will stay and have destroyed the upcoming season by not have been active in the current transfer window. That will not improve their chances to make more money.
 
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LawCharltonBest

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Blame @GaryLifo

He had the big daddy diesel balls to come out when the Reuters news broke, at a time we all thought it was over, and predicted we'd be none the wiser after two weeks.
I’ll raise @GaryLifo and say we’ll be none the wiser when the Premier League season kicks off

This reminds me actually that I told someone on here back in March or April that we’d have no bid accepted or preferred bidder come July and they ripped me apart for it. And I said I’d be back in July. Maybe @Berbaclass ? I’ll have to find it soon
 

LordSpud

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If we don't get our asses onto gear soon and the transfer window turns out shite, I can easily see a scenario where we have a crap 1st half of the season and end up anywhere between 4th and 8th. Kind of worrying times
 

Josep Dowling

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Their love for United is unquestionable. It was worth 20m a year in dividends.
£20m is peanuts to them. You do realise if they sold for £5 billion, just leaving that money in the bank at 3% interest rate is £150m per year? I see no logical reason for them holding onto the club now other than they feel the Super League is still a possibility, and they are concerned about missing out on the gravy train. From an investment point of view now seems the right time to sell. The club is a good price, has a ridiculous amount of debt with interest rates rising, needs capital investment of £1b plus for a new stadium and training ground, plus a further £300-500m on player investment. The club doesn't have sufficient cash to fund this now. They are trying one last attempt to suck as much money out of their investment as possible, it's truly sickening from the Glazers.
 

Melville Red

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It’s an interesting theory, but then how did other clubs with hugely unpopular owners, ever manage force them out?
With the exception of the Venky’s who are still at Blackburn, the likes of Mike Ashley, Joy Seppala, and the Birmingham City (BSHL) group in reference to the club’s Hong Kong-based holding company Birmingham Sports Holdings, have all stepped down after huge protests and criticism in the local media.
They live in America, they don’t care what goes on little ol Manchester. Fans will need to charter several A380’s from Qatar and fly out to Florida and stage the biggest protest in their back yard/garden since the infamous Trump affair at DC.
Frighten the fecking shit out of them that will and have the bastards on the phone to Qatar shouting “It’s yours, it’s yours”.

However we all know that is bollocks and will never happen as we are far to civilised to engage in anything criminal and of course that would take far to much planning and is well beyond your average football fans intelligence to organise.



*I read this somewhere and do not, repeat do not condone it in any way and is not what I agree with.
 

greenoffpearson

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We seem to be swimming in sea of speculation in the absence of anything credible.

Accordingly in the absence of anything credible here is my contribution, speculation theory, now, version 251, laced with more repetition.

The pressure is on Sir Jim.

Jassim made his last bid which seemed to catch favour with the Glazers.

The Glazers, via the Raine leaked to Reuters, suggesting that they are in advanced talks with a view to providing exclusivity to Jassim.

Sir Jim , who was otherwise was unmoved, is now forced into overdrive. He is now scrambling around trying to secure finance to improve/adjust his bid. He is also probably looking at the option of a complete buyout to remove the Class A shareholder issue. Given the challenges in raising that type of finance, in the current climate, even with the help of possibly the Elliott/Carlyle group of mercenary parasites, he has conveyed this to the Glazers who have given him a little flexibility on time.

That said, I think Jassim is pushing them with a financially loaded deadline and the pressure is on the Glazers to keep everyone engaged.

The press blackout has been imposed on all parties, including Raine, however we should hear soon, if Sir Jim can’t square the circle.

Jassim, is frustrated by the delay but if comfortable with the finances and can stretch, if necessary. Sir Jim also has to think out of the box to counter a further refinement to the Jassim bid.

In the meantime, business as usual at United, the usual lack of clarity on finance to Arnold and Murtough who are sent into action with blindfolds but are happy to do so with their spectacular wages and options secured.

The fanbase, who are now highly skilled at recognising a crappy transfer window are worried that they will continue to be psychologically damaged knowing that a unfulfilling season awaits, with United being guaranteed to be the victims of several thrashing, but also lamenting that it could have been so much better but for our current overlords, hence continuing dismay.

New version of speculation theory possibly tomorrow or later today.
 

mitchmouse

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If we don't get our asses onto gear soon and the transfer window turns out shite, I can easily see a scenario where we have a crap 1st half of the season and end up anywhere between 4th and 8th. Kind of worrying times
I've just been ridiculed for saying much the same thing... although I didn't go as low as 8th!
 

sglowrider

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We seem to be swimming in sea of speculation in the absence of anything credible.

Accordingly in the absence of anything credible here is my contribution, speculation theory, now, version 251, laced with more repetition.

The pressure is on Sir Jim.

Jassim made his last bid which seemed to catch favour with the Glazers.

The Glazers, via the Raine leaked to Reuters, suggesting that they are in advanced talks with a view to providing exclusivity to Jassim.

Sir Jim , who was otherwise was unmoved, is now forced into overdrive. He is now scrambling around trying to secure finance to improve/adjust his bid. He is also probably looking at the option of a complete buyout to remove the Class A shareholder issue. Given the challenges in raising that type of finance, in the current climate, even with the help of possibly the Elliott/Carlyle group of mercenary parasites, he has conveyed this to the Glazers who have given him a little flexibility on time.

That said, I think Jassim is pushing them with a financially loaded deadline and the pressure is on the Glazers to keep everyone engaged.

The press blackout has been imposed on all parties, including Raine, however we should hear soon, if Sir Jim can’t square the circle.

Jassim, is frustrated by the delay but if comfortable with the finances and can stretch, if necessary. Sir Jim also has to think out of the box to counter a further refinement to the Jassim bid.

In the meantime, business as usual at United, the usual lack of clarity on finance to Arnold and Murtough who are sent into action with blindfolds but are happy to do so with their spectacular wages and options secured.

The fanbase, who are now highly skilled at recognising a crappy transfer window are worried that they will continue to be psychologically damaged knowing that a unfulfilling season awaits, with United being guaranteed to be the victims of several thrashing, but also lamenting that it could have been so much better but for our current overlords, hence continuing dismay.

New version of speculation theory possibly tomorrow or later today.
You are loving your alliterations today!!!
 

Rocksy

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We should just merge this with the Depression and Anxiety thread in the general.
:D

I do think that an announcement is coming any day, though. Reuters and Benzinga both seem to think Jassim is imminent and a few other bits and pieces on stock tips sites I think are worth much more than what football journos are posting.
 

Appletonred

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It is not actually Liverpool and City who are Utds biggest rivals anymore, its the Glazers themselves who have done everything to strip the club
of its dignity and prestige, no wonder they never show up at Old Trafford, it would be like a criminal returning to the scene of a crime.
 

ShinjiNinja26

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As expected this sale is going to completely feck up our transfer business and most likely next season. A final feck you from the Glazers. When they first announced this sale and said they hoped to have it wrapped up by the end of March, it looks like they meant March 2024!
 

Adisa

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I really shouldn't care this much but I think what I feel for them is hatred. If they were on fire, I'm not sure I would piss on them.
 
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