Glazers would consider selling minority stake

Originally Posted by jem

they've laughed all the way to the bank, having put absolutely nothing on the table. from their perspective, it has been a roaring success.

They've conspired to spend c. £1 billion (our money, their money .. irrelevant to them .. the fact is they've spent it) to conspire to be further away from the top than ever in the past 40ish years. Not only that but they've taken the enormous lead in revenues over competitors and dwindled it down to a very small degree.

The value of the asset has increased ... of course ... the value of all Premier League assets have increased by virtue of the money coming into the game and general low-interest rate asset bubble across the world. They've benefitted from the roaring success of football generally but have strategically been as hopeless as any ownership in the history of top division football .. spent like drunken sailors (again, where the money was generated is irrelevant .. am sure they'd rather than that billion £ in the pocket than on riff raff that's been purchased and invariably sold at a loss) and at some point its unsustainable. That point may be now. When they sell they'll make more than they put in, but imagine how much they'd have made if they actually operated the club in a remotely sensible way and the club had extended its lead on the rest of the country over the past decade .. they've set fire to much of the fortune they could have made and it can only go on for so long before it becomes difficult to salvage

Sale of a minority stake is a sop. They are feeling the pressure.

Originally Posted by Sapien

Sale of a minority stake is a sop. They are feeling the pressure.

What pressure?

“Oh those United fans aren’t happy. Better stay in Florida until we’ve rinsed the next billion.”

Originally Posted by Blomq15

What pressure?

“Oh those United fans aren’t happy. Better stay in Florida until we’ve rinsed the next billion.”

Financial pressure. They're going to wipe hundreds of millions off the value of the asset if they routinely miss out on CL football as looks the case at the moment. No obvious route towards players that could compete with 5 very good Ars/Spurs/City/Lpool/Chelsea sides above. Its not about crowd sentiment - pure financials. They've topped out growth and face serious, serious financial regression + rates increases squeezing the debts.

Originally Posted by Blomq15

What pressure?

“Oh those United fans aren’t happy. Better stay in Florida until we’ve rinsed the next billion.”

Chickens have come home to roost and everyone knows it. Business in decline both on and off the pitch, appalling mismanagement discussed freely and widely, potential for it to get much worse and no reasons to expect the situation to improve.

Bloomberg's sources said that the famed soccer club owners have held "some preliminary discussions about the possibility of bringing in a new investor", which begs the question: did Elon Musk see an RFP, or maybe even a term sheet, from the Glazers, then forget all about the NDA he had signed and in an "altered state of mind" casually "joke" about the upcoming purchase? In any other case we'd say no way, but when it comes to Elon Musk...

In any case, the American Glazer family is not yet ready to cede control of Manchester United, which could be valued at about £5 billion ($6 billion), although it's market cap is about $2 billion.

https://www.zerohedge.com/markets/bi...fter-elon-musk

Originally Posted by ErikvanHaaksbergen

Financial pressure. They're going to wipe hundreds of millions off the value of the asset if they routinely miss out on CL football as looks the case at the moment. No obvious route towards players that could compete with 5 very good Ars/Spurs/City/Lpool/Chelsea sides above. Its not about crowd sentiment - pure financials. They've topped out growth and face serious, serious financial regression + rates increases squeezing the debts.

Even if United's value falls to 2 billion and they sell, the parasites will have still made a profit of 2 billion. I wouldn't consider that being financial pressure mate.

Originally Posted by Sapien

Chickens have come home to roost and everyone knows it. Business in decline both on and off the pitch, appalling mismanagement discussed freely and widely, potential for it to get much worse and no reasons to expect the situation to improve.

Still time to go back in for Arnautovic tbf

Originally Posted by naes_sean

Even if United's value falls to 2 billion and they sell, the parasites will have still made a profit of 2 billion. I wouldn't consider that being financial pressure mate.

Because you're not looking at it with the right perspective. Why would you take 2 billion if you can take 4 billion? It is a business. If it was already at 4 and just went down to 2, you've just lost 2 billion, not made 2 billion with that decision. You sell it at the perceived top. If the growth trajectory has topped out, the debts are getting squeezed by interest rates (likely to see highest rates in 15 years by end of this year: leveraged buy outs are not pretty in this climate) & operationally they are an absolute disaster-class ... there's less and less reason to hold the asset.

We’ll probably end up with new owners who are slightly better but still suck hundreds of millions out of the club.

If it isn’t an incredibly rich individual, or oil state, then I can’t see our position being improved that dramatically.

So they own 69%, and are willing to drop another 5 - 10% in exchange for a huge wedge they will divide up among themselves.

Great

Originally Posted by jem

what difference will this make?

none.

these investors will not be putting anything into the club, just more $ into the pockets of the glazers.

"it could happen"? £#%&! off.

Aren't they supposed to be selling a minority stake to fans anyway?

Hardly a new development. Clickbait as usual.

Originally Posted by tatty

We’ll probably end up with new owners who are slightly better but still suck hundreds of millions out of the club.

If it isn’t an incredibly rich individual, or oil state, then I can’t see our position being improved that dramatically.

Just getting the fundamental football basics right would be good for a start. Absolutely no reason for being so far being domestic + European competition with amount spent. Nothing to do with finances - everything to do with decision making. The decision making will not improve under this lot; as decision making continues to stagnate, finances will falter too and its worst of all worlds.

M.u.s.k.

Originally Posted by tatty

We’ll probably end up with new owners who are slightly better but still suck hundreds of millions out of the club.

If it isn’t an incredibly rich individual, or oil state, then I can’t see our position being improved that dramatically.

It would be improved by simply having an owner who wants to win regardless of their financial situation.


The glazers lads are morons, failed business after failed business since malc went to his box. The nfl team were irrelevant before Brady and will be irrelevant after him. They've appointed turds every step of the way at United, no wonder its went to shit.

https://twitter.com/alexcturk/status/1559882512905768960?s=21&t=mdrwJuNRr6KYskbVdGzA3w

Let’s hope the writer of this article isn’t just jumping on the bandwagon

I don’t think they’ll be thinking as short term as the next few results.

The future is bleak under them and they know it, they have no idea how to turn this around.

I think they’re gone in the next 12 months.

Originally Posted by ErikvanHaaksbergen

They've conspired to spend c. £1 billion (our money, their money .. irrelevant to them .. the fact is they've spent it) to conspire to be further away from the top than ever in the past 40ish years. Not only that but they've taken the enormous lead in revenues over competitors and dwindled it down to a very small degree.

The value of the asset has increased ... of course ... the value of all Premier League assets have increased by virtue of the money coming into the game and general low-interest rate asset bubble across the world. They've benefitted from the roaring success of football generally but have strategically been as hopeless as any ownership in the history of top division football .. spent like drunken sailors (again, where the money was generated is irrelevant .. am sure they'd rather than that billion £ in the pocket than on riff raff that's been purchased and invariably sold at a loss) and at some point its unsustainable. That point may be now. When they sell they'll make more than they put in, but imagine how much they'd have made if they actually operated the club in a remotely sensible way and the club had extended its lead on the rest of the country over the past decade .. they've set fire to much of the fortune they could have made and it can only go on for so long before it becomes difficult to salvage

they have made out like £#%&!ing bandits (which is precisely what they are).

Originally Posted by ErikvanHaaksbergen

Because you're not looking at it with the right perspective. Why would you take 2 billion if you can take 4 billion? It is a business. If it was already at 4 and just went down to 2, you've just lost 2 billion, not made 2 billion with that decision. You sell it at the perceived top. If the growth trajectory has topped out, the debts are getting squeezed by interest rates (likely to see highest rates in 15 years by end of this year: leveraged buy outs are not pretty in this climate) & operationally they are an absolute disaster-class ... there's less and less reason to hold the asset.

they. don't. give. a. £#%&!.

they have gambled nothing. they are rolling in money syphoned from the club.

Originally Posted by Stickman

The future is bleak under them and they know it, they have no idea how to turn this around.

again..... they. don't. give. a. £#%&!.

the future is bleak for the club. not for the glazers. can you guess which future concerns them? clue: it's not the club's.

Originally Posted by ErikvanHaaksbergen

Financial pressure. They're going to wipe hundreds of millions off the value of the asset if they routinely miss out on CL football as looks the case at the moment. No obvious route towards players that could compete with 5 very good Ars/Spurs/City/Lpool/Chelsea sides above. Its not about crowd sentiment - pure financials. They've topped out growth and face serious, serious financial regression + rates increases squeezing the debts.

So? They can flog all the second class shares and 40% of the first class shares and still maintain full control of the club. The minor inconvenience of no CL football means a far lower wage bill. The debt servicing is around 7-9% of annual revenue, so still won’t hurt much at even three times that much. They’re still leeching directors fees and dividends every year so will only sell when they cannot maintain that.

It’s only once they’ve sold a significant wedge of shares, enough to make dividend payments a lot less attractive to them, that they’d potentially sell up, even then they’d probably flog a couple of players and pocket the proceeds.

Originally Posted by jem

they have made out like f***ing bandits (which is precisely what they are).

they. don't. give. a. f***.

they have gambled nothing. they are rolling in money syphoned from the club.

again..... they. don't. give. a. f***.

the future is bleak for the club. not for the glazers. can you guess which future concerns them? clue: it's not the club's.

Hard nosed businessmen who are universally appreciated as being only in it for the money wouldn't "give a £#%&!" about potentially losing a billion off the value of their asset? Yeah, going to have to disagree with the logic on that one. More likely a bench of sloppy lads hoisting green and gold before going home for dinner would make them sell than the financials falling apart from underneath them then