- Joined
- Apr 24, 2022
- Messages
- 431
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- Bristol City
It’s like waiting for Christmas morning as a five year old.
And you remember youre Jewish.It’s like waiting for Christmas morning as a five year old.
The Beatles always knew this was going to be a protracted sale, that’s why they wrote a song about it.
Excellent, or the catchyThey wrote a few:
Can't buy me club
Money (that's what the Glazers want)
Here comes the sum
I'll get my coat
This is the sale that never ends,
it just goes on and on, my friends,
the Glazers started selling it,
not knowing what it was,
and they’ll continue selling it forever just because…
In JulyIt’s like waiting for Christmas morning as a five year old.
Sensible words.Do not worry about tomorrow, for tomorrow will worry about itself. Each day has enough trouble of its own.
In before the banAnd your parents are stingy and money driven as hell
And your parents are stingy and money driven as hell
Yep, here we go. It's always next week. Just one last thing to be done. And it will be the same next week.
So Jim's last throw of the dice.
It was previously understood that Sir Jim would keep on-board Joel and Av (holdouts).
He could still do that by not purchasing their shareholding, representing about 32%.
Instead he could use those, saved, funds to purchase the problematic Class A shares.
Therefore he would eliminate the, potential, legal minefield.
He has probably already agreed, in outline, some sort of working arrangement with the holdout Glazers. However once he buys out the Class A shares then he would need to reformat the constitution of the company in terms of voting power, however on the basis that they have a broad arrangement that should not be too problematic.
So here the issue for him is that he's paying top dollar based on his offer of buying, initially, only 51%, and therefore he would now have to stretch himself to purchase, at that same higher cost per share, approximately 66% of the total shares. Jassim's new offer has now made that the minimum price he has to pay.
That may explain him canvassing new lenders. He 'now' needs to find the difference between his previous lower 66% purchase offer and his higher cost 51% purchase offer,, as opposed to the previous strategy of paying that higher sum over a longer period.
The above arrangement would make sense if the holdout Glazers were actually looking to stay on and are not simply saying that as a leveraged tactic.
Why would the Glazers not stay on?
They need money for other projects.
No dividends in prospect for years (sustenance money).
Could stay on but still need significant cash now.
Sir Jim won't have the 'extra funds' to upgrade the infrastructure/playing staff for some time to make any meaningful difference to the financial outlook of the club and therefore United will remain an outsider for many years - no massive boost in the value of the club and potentially a proportionate drop off.
The other four Glazers.
They will want as much as the holdouts.
The four will want to ensure that they receive max. value now and are not subsiding a higher payout in the future.
I can't believe that the holdouts can derail the other four and stop a sale.
They will have some sort of written working arrangement between them. However they probably don't want to trigger that to maintain the family harmony but will do so if things can't be agreed, by any maths 4 trumps 2.
That said we will probably know of Sir Jim's progress in the next few days and this may be a reason for The Times not receiving any definitive update of him conceding?
I thought maybe i would try this on the Glazers: (Grazers)
In before the ban
I think he means the Glazers rather than the Jewish parents?!?yours are probably stupid
I think he means the Glazers rather than the Jewish parents?!?
Oh the irony…yours are probably stupid
Was that so hard to get?I think he means the Glazers rather than the Jewish parents?!?
So you dont think the Glazers are extremely money driven?that’s what I thought but it’s still using a racial stereotype which is really dumb
You may well not have meant it but you can see how it could be taken as a bit dicey right?So you dont think the Glazers are extremely money driven?
So you dont think the Glazers are extremely money driven?
Does it also stop leeches?
And you remember youre Jewish.
Was that necessary?And your parents are stingy and money driven as hell
And you remember youre Jewish.
And your parents are stingy and money driven as hell
The only issue about weekends is that I know feck all will happen in regard to this saga unless it’s Monday-Friday.
Who promised you that?We're now officially into the third quarter of 2023. This deal was supposed to be done in Q1.
James Bond also told us in 1997 that Tomorrow never dies
1963, death of JFK.I wonder what year the page number will be when something actually happens. Currently we’re about to enter the 20th century.
I’ll go for 1939. Start of WWII.