Club Sale | It’s done!

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Chesterlestreet

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Only snow white I have seen has been on this educational site called brazzers
I hear they have many excellent documentaries on various subjects.

Never seen any myself, as a friend of mine told me they use rude language rather freely. And if it's one feckin thing I can't feckin stand, it's rude feckin language.
 

sglowrider

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I hear they have many excellent documentaries on various subjects.

Never seen any myself, as a friend of mine told me they use rude language rather freely. And if it's one feckin thing I can't feckin stand, it's rude feckin language.
Exceptional acting and plot lines. You just never know what can happen next. Thought they were directed by M. Night Shyamalan!
 

Tincanalley

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What's the connection between these two events that makes you think that's relevant?
Reality and unreality. Insane levels of propaganda. Both events seemed highly unlikely 1000 pages back. These days feel like times of big change, but no-one knows the last chapter of either. I hope for happy endings.
 

Giggsy13

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Where are those few who were actually defending the glazers? After seeing those financial results and the £1 billion debt, are they going to pipe up about how the glazers have spent money!? Where are ya now?
 

Big Ben Foster

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This thread is 90% arguing about Qatar vs INEOS, 9% complaining about how everyone's arguing over Qatar vs INEOS (including this post), and maybe 1% actual updates / commentary on the process
 

Blood Mage

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Reading into the financial report, Joel and Avram must be a special kind of deluded if they think there's an alternative to selling at this point.
 

Loon

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Where are those few who were actually defending the glazers? After seeing those financial results and the £1 billion debt, are they going to pipe up about how the glazers have spent money!? Where are ya now?
There was more than a few. Lots of people sneering at the Green and Gold over the years.
 

Baxquux

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I think they'll sell, even as concern-troll posters would try and persuade everyone otherwise (and even in the face of other clubs propensity to try and make a negative exception out of united). Even for them it makes too much sense not to. But I think people are right to be concerned all the way up to any sale.... at the level of delusion and hubris, we're talking Blackpool Oystons, or Knighton making himself manager, as opposed to normal 'greedy' owners, at the level of mismanagement late Risdale Leeds without the sporting ambition.

It takes a very special kind of myopia, by whatever mix of nature and nurture (YMMV), to look at how the club's been handled compared to its peers, to see all the comments from agents as well as the level of the facilities, and to then think, setting aside sporting success or stewardship or responsibility, that its even in the best interests of your own cold naked investment and eventual cash-out that you stay in active charge of the club (as opposed to, say, converting your shares to normal shares as far as this is possible and letting someone with actual expertise control things and raise the price of it for you; either that or cashing out at nigh on double market price).

It's a mineral-deep incompetence and arrogance that in other circumstances would lead to bankruptcy or being fired from a string of jobs - even given that confidence and bs will take you a certain way in the right circumstances and in the right soft-skills career. A stupidity inflated by exposure to inordinate and unearned wealth along with money managers and sycophants, the effects of which haven't been especially mitigated by expensive educations hothousing them through Business school nor by the visible catastrophic devaluing of one of the top 3 grandest - and seemingly rock solid - sporting institutions in the world, by the markets disproportionately bullish at the prospect of their relinquishing control when it comes to the share price (even taking into account everything else)....
 

Loon

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The horrifying thing is the Glazers have far more business experience and acumen than any of us here (I mean, they can potentially parlay £790m into billions -- which is better than I'm doing this week) and they might actually see a way they can retain control that we cannot....

Scary times.
 

LawCharltonBest

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The horrifying thing is the Glazers have far more business experience and acumen than any of us here (I mean, they can potentially parlay £790m into billions -- which is better than I'm doing this week) and they might actually see a way they can retain control that we cannot....

Scary times.
Well, their dad did. This lot have done feck all except expecting a massive payout

They can’t run Man Utd alone, they rely on others. They can’t even sell the club alone, they get bankers to do it while they sit on their fat arses

They’re pretty useless and pathetic really
 

seegoblu

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This is a good word, and an excellent point. There is no transparency around the Jassim bid, and with all the secrecy you can’t help but feel they have something to hide.
Be upfront, put your cards on the table and let’s move forwards! Something as monumental for the club as its future ownership and security of funding shouldn’t be such a guessing game!
In a confidential bidding process (governed by an enforceable non-disclosure agreement), why do you think any "transparency" is owed to fans?

No bidding process is designed to get fans (or consumers in a different type of business) comfortable with the bona fides of the bidders. Only Raine, on behalf of the purported sellers, are supposed to be comfortable with the source of funding at this stage.

Eventually, that comfort will need to be shared by the EPL as they conduct their fitness tests.

Nowhere in the post-bidding process do the fans get a vote or are our concerns about ownership considered, with one exception. Those fans who hold publicly listed shares will get to vote on whether they want the winning bidder to own the club; but only if/when a squeeze out merger/tender offer is proposed by the winning bidder who wants to own 100% of the club.

We, the fans, have made it a guessing game because we love the club and have our own views on who "should" own United. But our idle speculation is irrelevant in the process and to expect otherwise is unrealistic.
 

sglowrider

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[/QUOTE]
In a confidential bidding process (governed by an enforceable non-disclosure agreement), why do you think any "transparency" is owed to fans?

No bidding process is designed to get fans (or consumers in a different type of business) comfortable with the bona fides of the bidders. Only Raine, on behalf of the purported sellers, are supposed to be comfortable with the source of funding at this stage.

Eventually, that comfort will need to be shared by the EPL as they conduct their fitness tests.

Nowhere in the post-bidding process do the fans get a vote or are our concerns about ownership considered, with one exception. Those fans who hold publicly listed shares will get to vote on whether they want the winning bidder to own the club; but only if/when a squeeze out merger/tender offer is proposed by the winning bidder who wants to own 100% of the club.

We, the fans, have made it a guessing game because we love the club and have our own views on who "should" own United. But our idle speculation is irrelevant in the process and to expect otherwise is unrealistic.
Nail on head
 

Plant0x84

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In a confidential bidding process (governed by an enforceable non-disclosure agreement), why do you think any "transparency" is owed to fans?

No bidding process is designed to get fans (or consumers in a different type of business) comfortable with the bona fides of the bidders. Only Raine, on behalf of the purported sellers, are supposed to be comfortable with the source of funding at this stage.

Eventually, that comfort will need to be shared by the EPL as they conduct their fitness tests.

Nowhere in the post-bidding process do the fans get a vote or are our concerns about ownership considered, with one exception. Those fans who hold publicly listed shares will get to vote on whether they want the winning bidder to own the club; but only if/when a squeeze out merger/tender offer is proposed by the winning bidder who wants to own 100% of the club.

We, the fans, have made it a guessing game because we love the club and have our own views on who "should" own United. But our idle speculation is irrelevant in the process and to expect otherwise is unrealistic.
I get all that, and you are correct of course but for me that raises two points.
Firstly a football club shouldn’t be ‘just another business’. It shouldn’t be subject to the kinds of business rules that allowed a hugely leveraged hostile takeover of our club, forcing fans to give up shares that they had held for generations.
Secondly, I would have thought it would be in any buyers interests to engage with the fan base from the very start and foster a relationship which should make life much easier for them than our current, largely absent owners have endured. Nothing to do with the technical or legal aspects of the process, but just a human response to a football club being an emotional attachment for fans. They might not be financial shareholders of a club, but for sure fans are stakeholders and have a interest in the sale and running of the club.
 

Chief123

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Wooohooo made it to page 1000! :drool: Just in time! Close call! :D
 
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Chief123

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1000! Get in!
Page 1000. A week of radio silence. Can only mean one thing…

Let the good news Raine down upon us!!! Let’s go!
Part of the 1000 Club
Here for the 1000th page.
The magical page 1000...
Happy 1,000th page everybody. Hopefully some news today/tomorrow…week after second bids were submitted
Temporary truce on the 1000th
Bit premature lads? :nervous:
 

sglowrider

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I get all that, and you are correct of course but for me that raises two points.
Firstly a football club shouldn’t be ‘just another business’. It shouldn’t be subject to the kinds of business rules that allowed a hugely leveraged hostile takeover of our club, forcing fans to give up shares that they had held for generations.
Secondly, I would have thought it would be in any buyers interests to engage with the fan base from the very start and foster a relationship which should make life much easier for them than our current, largely absent owners have endured. Nothing to do with the technical or legal aspects of the process, but just a human response to a football club being an emotional attachment for fans. They might not be financial shareholders of a club, but for sure fans are stakeholders and have a interest in the sale and running of the club.
It's too early to engage the fans. Not when you are in a competitive bidding round. You really don't want to give too much away to your rivals -- from the vision to your business model.

But I bet that 'fan engagement' or PR spin will increase the moment they are selected as the preferred bidder -- because then they can use the fans' leverage against the Glazers, though I suspect the glazers will be oblivious to any fan pressure.
 
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