Being owned by Saudi Arabia

Originally Posted by Spock

this, they were created just to make more dough, have no real effect on the ownership

There are different classes of shares, some have little or no voting rights (so you can't turn up at an AGM and vote off the board if they have shares with voting rights), but they are still provide ownership and any dividends.

The Glazers could decide to sell enough or all of theirs for market price (but most likely a higher amount) for another investor to be the majority owner and take control, but these other shares (25-40% of the club) would also have to be purchased for outright control.

The Coolmore Mafia did deals to buy the shares from individuals with significant numbers, such as Maurice Watkins, when they bought into the club before selling up to the Glazers. If there really is a Saudi take-over, I'd expect them to start that way too: it would be cheaper than paying the take-over rate (Glazers offered +20% on the trading price of the day) and would give them some leverage as significant shareholders, even if it's with reduced voting rights.

Originally Posted by Hector

The club are listed on the NYSE. If anyone wanted to buy the club, they could do the same as the Glazers: buy the available shares (which at $16, down on the $26 peak and not much more than the $14 IPO price). They can do that relatively secretly through an investment vehicle. Only when more than 9.9% ownership do they have to make a statement of intent.

Baron Capital own about 9.2% which any buyer could agree to acquire privately. There's about another 15% in various owners and the Glazers were supposedly selling another 15% for £320M.

Originally Posted by Switching Off

Thought it was Marlon Capital?

Originally Posted by NedKelly

I better get saving.

nah, just buy it on credit. worked well for the Glazers

Originally Posted by Hector

There are different classes of shares, some have little or no voting rights (so you can't turn up at an AGM and vote off the board if they have shares with voting rights), but they are still provide ownership and any dividends.

The Glazers could decide to sell enough or all of theirs for market price (but most likely a higher amount) for another investor to be the majority owner and take control, but these other shares (25-40% of the club) would also have to be purchased for outright control.

The Coolmore Mafia did deals to buy the shares from individuals with significant numbers, such as Maurice Watkins, when they bought into the club before selling up to the Glazers. If there really is a Saudi take-over, I'd expect them to start that way too: it would be cheaper than paying the take-over rate (Glazers offered +20% on the trading price of the day) and would give them some leverage as significant shareholders, even if it's with reduced voting rights.

fair enough but presumably if there was any takeover the shares available to the public have some sort of drag along clause attached so would automatically be acquired as well?

Originally Posted by Spock

fair enough but presumably if there was any takeover the shares available to the public have some sort of drag along clause attached so would automatically be acquired as well?

Yes, once 90% has been bought, they can force the remaining shareholders to sell (part of the potential defence against the Glazer acquisition 15 years ago was the hope that more than 10% was outside of their control and it couldn't be forced through).

Also, a potential buyer could just make an outright offer for all shares (hostile takeover) - typically this has to be higher than the highest share price in the past year.

https://www.dailymail.co.uk/sport/fo...disappear.html

Originally Posted by ScarFace

https://www.dailymail.co.uk/sport/fo...disappear.html

Nothing new there

Originally Posted by ScarFace

https://www.dailymail.co.uk/sport/fo...disappear.html

been writing the same story for 18 months now haven't they.

You none believers !!!

Not happening. Not a chance.

Originally Posted by ScarFace

You none believers !!!

They're called infidels. HTH

Originally Posted by ScarFace

You none believers !!!

Will you convert if they buy us?

Originally Posted by red in cumbria

Will you convert if they buy us?

no but i will stop slagging them off

on as £#%&!.

Originally Posted by waynes ear's

on as f***.

Happiest I've ever seen Kevin Kilbane

Originally Posted by waynes ear's

on as f***.

https://twitter.com/duncancastles/status/1189982677346197504?s=21

Sven Goran Eriksson next manager YHIHF.

If what they are doing in the WWE is any guide, we will have Beckham on the right, Rio at the back and Denis Law upfront next season.

Originally Posted by My Name is Heath

If what they are doing in the WWE is any guide, we will have Beckham on the right, Rio at the back and Denis Law upfront next season.

Just as well none of us watch WWE so we don't know what the £#%&! you're on about

Originally Posted by Sparky***

Just as well none of us watch WWE so we don't know what the £#%&! you're on about

He should've put Tuesday Afternoon Girl upfront.