No, I personally haven't heard that. If you do happen to come across where you may have read or heard it, ping it across.
Agree
Even if they are 'only' buying the Glazer Family personal stake, not the publicly traded portion?
I am outraged by your outrageous suggestion that Elvis just made something up.
Best is subjective, but they can easily sell at better terms than now and stocks can easily reach $20, regardless of what is happening on the pitch.
United is a great brand. Our commercial value is not likely to decline that much. They reap very good dividends year after year. If you are a businessman why would you sell at this point? Saudi's will also not pay the face value they would want, we had numerous rumors about Saudi's wanting us even before the Glazers and nothing has materialized.
Didn't you know bin salman just reform women's right which causes much controversy in saudi?
At any time probably you have a point. But to sell your biggest asset and profitable business to finance the one one the wane is never a good idea.
You are looking at it in the best case scenario. What if the structure doesn't work out and they lose interest?
Out of curiosity, how would they reach back up to $20? I personally don't think the Glazer's could do it but you say it could be easily done, so would be interesting to understand how?
That they won’t have bought Liverpool.
Abramovich didn't buy Chelsea to make money, and I'm fairly sure he's spent a lot more than he's made from owning it.
Add City & PSG to that list.
But United do not generate that much money, you are not talking about selling BP but a business that at best generates around 20m per year between 10 people. Selling that business at 3-4bn is almost a no brainer unless if you have some sort of irrational feelings for that business. In France it would be more lucrative to take the money and put it in a Livret A.
And us with the Saudis, if it ever comes to that.
Because they will need to invest money, a lot of money. Our commercial value is not declining just yet but we have stagnated for the past 3 years or so while others cached up. No matter what Ed says about not having to be competitive to still make money, you can live so long from your reputation if you are shite for x years. Our commercial revenues will drop massively next year once we miss the CL 2nd year in the row. If Saudis make a good offer I don't see why they wouldn't be interested in selling.
That depends if one has hands in the first place.
It was at that price several months ago. Broadcasting rights will only go up. Enhancing partnerships and global partners can raise the value. Opting out shares too. There are ways of raising the stock value if they do intend to sell.
They have control and can raise the dividends. Either way 3-4bn is not possible, at least in my opinion in straight cash at this given point, and if the deal is stock options, again I see no point in selling it at the moment.
Pretty sure he must have converted a lot of his unspecified cash into legit money using his ownership at Chelsea.
We are yet to see decline in the commercial side, apart from missing out targets with the sponsorship based on performance.
This.
But that's where Aramco current situation gets interesting, I would definitely take a mix of cash and stocks if I was the Glazers. But one thing that I wouldn't discount is the fact that United was one of Malcolm's last purchases which may mean something for his children.
But we have to be in the correct competitions to receive any broadcast rights. I mean, CL is one of the biggest paying one's and we will be out of that competitions for two years running. Also, there is a feeling that broadcast won't really be going up much.
Aramco isn’t being floated to foreign investors as of yet iirc.
Isn't there rumours about it maybe happening in the future?
I think we are starting to see it in our new sponsorship deals. Someone can correct me if I am wrong but even the likes of Arsenal managed to get more money for sleeve sponsorship and there were rumours (so possibly not true of course) that we want to find a sponsor who pays similar amount to Chevy for main kit sponsor which we signed like 6 years ago? To me it's a clear indication of decline of our commercial power. Our revenue goes up thanks to broadcasting deals but it goes up for all clubs in the league.
They would have to wait for literally over a hundred years for dividends to match the figures being touted on this deal, in my opinion they would be incredibly stupid to decline an offer of over 3 billion pounds and if the Saudis want the club enough that's exactly what they need to be offering. United is a great brand but that greatness is derived from its huge fan base and in a way this is a double edged sword, the fans will revolt if the decline persists and to plug it you have to invest another half a billion and hope that this time it works. Most of our major commercial deals are due to be renegotiated or expire and Woodward would need to be one hell of a negotiator to secure the values that managed to secure when we were still a top team.
Oh, I think it probably will happen in the future but who knows when?
I meant using share buybacks to boost EPS.
Again, I won't read too much in it. No one is going to pay them 3bn in straight cash. If that was the case we would've been sold to Saudis long time ago.
Hugely depends on when you are signing that deal and timing. You also have to take the economic situation at the time.
All these earning will be diluted by increases in wage demands and transfer fees, as our commercial income grew so did the United tax on transfer fees. They are reluctant to implement the structural changes that would make recruitment, their biggest achilles heel so far, and a fan revolt could soon be on the way which would not only upset current sponsors but possibly scare off prospective ones. In 5 years from now, after Woodward is through with wrecking us who knows where we could be by then?
It's very different deal (Aramco). Their debt and liabilities increased a lot lately. Expansion and balancing the sheets made sense and I think the market reacted well to that move. Our situation is very different though, purely on investment POV.
But that's beside the point United aren't that lucrative for a billionaire, that's one of the reason why it's unlikely that United will be purchased by the likes of Ratcliffe, outside of a country purchasing the club any other candidate will have for plan to increase the value of the club and make hundreds of millions in cash when they sell it, the rest could be anything but even 500m in cash is worth it. We are comparable to the LA Dodgers when McCourt sold them.
Maybe last year the takeover was scuppered by the bad press that followed that journalist's murder. What is clear is that there is interest from the Saudis and that the Glazers face a huge and costly rebuild to get United to a point where they are attractive enough for sponsors to offer record deals. Poor results have consequences and the biggest of them is a fan revolt, the very fans that sponsors and partners would be targeting.
He’s made a fortune, he bought it for 140 million quid. It was valued at 2 billion in May this year.
