devilish
Juventus fan who used to support United
- Joined
- Sep 5, 2002
- Messages
- 61,714
Who is cersei?He's like the Kevan Lannister of the Glazer family.
Who is cersei?He's like the Kevan Lannister of the Glazer family.
This is speculation, but I have a big problem believing that he was not obliged to offer his Class Bs to the other Glazers before being able to convert them to Class As and maybe eventually sell them. If he does. It should be noted that this is still a big if.yea won't the other Glazers just buy his stake?
if they're willing to dilute their family stake by bringing in new investment that would probably be ideal.
that would make sense, sadly.This is speculation, but I have a big problem believing that he was not obliged to offer his Class Bs to the other Glazers before being able to convert them to Class As and maybe eventually sell them. If he does. It should be noted that this is still a big if.
They probably declined and this was the result. And as some other posters on here has already stated: this solidifies the rest of the Glazers hold over United; not the other way around. Even if the equity will be more diluted.
By allowing him to convert his Class Bs the other Glazers actually retain a bigger voting share of United than before and each hold a bigger say over the club; not less.
Nah, not really. Kevin has converted his B class shares into A class shares so he can sell them off without diminishing the Glazer influence on the club.So you sound knowledgeable, any good news?
Seems so.Nah, not really. Kevin has converted his B class shares into A class shares so he can sell them off without diminishing the Glazer influence on the club.
Who bought Michael s shares?Shortly after the old man's death it was rumoured that half the Glazer family wanted out from United, but they would do it slowly. First Michael went, now Kevin, its only really Avram and Joel who have any real interest in United as a Football Club, to the rest its just a 'cash cow'.
You have 347 million USD laying around? Because that's what his 13% is worth as A shares as of 5 days ago.I'd be interested in shares with full voting rights. Not that other crap, though.
The Glazers collect dividends like all other shareholders. Its not just them and its not much money annually compared to profit and turnover.You have 347 million USD laying around? Because that's what his 13% is worth as A shares as of 5 days ago.
Even if the stake was bought as B shares, it wouldn't be worth anything in the boardroom as anything than a potential tipping vote, which would never come into play anyway.
The valuation of MUFC is roughly 2.65 Billion USD for 100% control of the club. And that is at a low valuation. In January the club was worth an astronomical 4.2 Billion. The valuation of the club is now at its lowest point since.... February 2017.
That might seem like a huge drop, but the current valuation is not far away from the median since 2012. it's also worth mentioning that the peak valuation lasted around 3 months when share prices went from 26~ USD down to 17~ USD, and it started a steady climb again following the appointment of OGS. Now that results are fickle, valuation drops slightly, but also recovers slightly periodically.
For public shares, valuation is closely linked to: Press (Good/Bad?) and results. Results give good press, good valuation. Bad results the opposite. The A shareholders have a vested interest in short term profits and trade shares by the mood of the day. A lot of noise around a club, good or bad will see a lot of trade activity going on. When stocks are traded a lot, valuation go down due to large movement and a lot of sellers that push the price down. So if enough people want to cash in on their investment, if there aren't enough buyers, prices will continue to drop. Its a bit of a self-devaluation. For example if all the glazers were to sell their shares, it would cause an instant devaluation of the club because of the enormous amount of shares available. Of course this is not a realistic scenario.
The Glazers are pretty bad news for Manchester United since they dont bring new capital into the company, but rather divest existing resources to pay off the debt, resulting in them paying nothing of their own money, but could buy the club by the nature of their enormous creditline, and MUFCs strong market position which made it realistic that the club could carry its financial burden and still comply with FFP. The Glazer family collect share dividends annually, so they are always collecting personally on their investment in the club. All the while MUFC pays off their debt.
Currently MUFCs enormous worldwide brand reach is whats keeping everyone happy. We just posted record financial numbers, even if the pitch results are struggling. The difference between us and Manchester City right now is that whereas we are owned by investment bankers, City are owned by oil billionaires that can afford to play football monopoly. I mean, none of the directors in MCFC collect salaries.
Home Alone: Lost in EuropaIs that the same Kevin from Home Alone. Must be true!
From the Glazers' perspective, Woodward has of course done a very good job - they will be delighted with him.If he gets 347M for his 13% then surely that proves Ed Woodward is doing a cracking job , nice bit of profit there .
Well what part of 'Glazer family' is hard to understand?He is saying they all look suspiciously similar!
He works for the Glazers and they own the club so why should he care what the fans think ?From the Glazers' perspective, Woodward has of course done a very good job - they will be delighted with him.
From the perspective of fans of the club, Woodward has been a total disaster. The goals of the owners (money) and the fans (entertainment, success) have never really been aligned.
I am absolutely sure that he doesn't care at all.He works for the Glazers and they own the club so why should he care what the fans think ?
Capitalism and holism are not compatible unless short term $$$ can be made.I am absolutely sure that he doesn't care at all.
The sister darcieWho is cersei?
Two of them have an interest in United as a football club? Doubt it. They don't act like it surely? It's a cash cow for the lot of them - take massive dividends as long as it's viable and then dump it.Shortly after the old man's death it was rumoured that half the Glazer family wanted out from United, but they would do it slowly. First Michael went, now Kevin, its only really Avram and Joel who have any real interest in United as a Football Club, to the rest its just a 'cash cow'.
Avram and Joel are definitely those that are hands on out of the siblings, but don’t kid yourselves, they are definitely in it for the profit. The only difference is that, as I see it, they are willing to hold it out for potentially even more $.Two of them have an interest in United as a football club? Doubt it. They don't act like it surely? It's a cash cow for the lot of them - take massive dividends as long as it's viable and then dump it.
I think he means that two of them (Avram and Joel) take an active interest in the running of the club. The others (Kevin, Bryan, Darcie, Edward) couldn't care less.Two of them have an interest in United as a football club? Doubt it. They don't act like it surely? It's a cash cow for the lot of them - take massive dividends as long as it's viable and then dump it.
He's like the Kevan Lannister of the Glazer family.
Who is cersei?
They're not the Lannisters. The Lannisters always repays their debt - the fecking Glazers had us do it for themThe sister darcie
Yeah and that's fine. It just annoys me to see what they're doing and how they're allowed get away with it.I think he means that two of them (Avram and Joel) take an active interest in the running of the club. The others (Kevin, Bryan, Darcie, Edward) couldn't care less.
Don't know for sure, he was it seems desperate to get out, so the assumption was the remaining Glazer family members bought him out, most probably Avram and Joel, they are the only two that seem interested in the Club as a football club. I believe they are the only two Glazers who understand British 'Soccer'.Who bought Michael s shares?
That's the irony, if it was only Avram and Joel who held the ownership between them, and not the rest of the family, then I suspect we might see it run more like a football club. The other two remaining Glazers, one brother and the sister, are reportedly more into the American Football with the Buccaneers (Florida I think!)Two of them have an interest in United as a football club? Doubt it. They don't act like it surely? It's a cash cow for the lot of them - take massive dividends as long as it's viable and then dump it.
He has already changed them from B to A shares, looks like he just going for the money, but protecting the Glazer holdings by watering down the voting rights.Has his shares actually been sold or put a filing for changing them from class B to class A?
Sorry, what I meant is, I don't think he has actually sold them, has he? If he has sold them, would this information be available to the public?He has already changed them from B to A shares, looks like he just going for the money, but protecting the Glazer holdings by watering down the voting rights.
I feel more like Ramsey Bolton's family!They're not the Lannisters. The Lannisters always repays their debt - the fecking Glazers had us do it for them
Also: #TeamDaenerys4Life.
They started out as window fitters, that's how they made their fortune.Why are people calling Glazers the Glaziers?