Glazers planning to list United in Singapore by year end 2011, looking for $1bn

Originally Posted by believe

but who in their right mind is going to pay 610,981,880.17 GBP (3/4 of the original purchase) for a non controlling stake?

An IPO will be picked up by thousands of investors who want to be associated with UTD not one person who is seeking control.

That Premier League Trophy Tour in Singapore and Hong Kong looked suss at the time and now looks even more like a chance for the powers that be to do some networking over there.

Does anybody, apart from Ginners and Offoh want a wager that this won't happen?

it's also a notice to anyone who was thinking about an outright takeover to hurry up and make their move.

http://ftalphaville.ft.com/blog/2011...united-berhad/

The talk in the market is that 25 per cent of the company is being put up for sale for a valuation of £1.7bn.

Presumably they mean the value of 100% of the shares would be £1.7bn

Originally Posted by RedMenace

Presumably they mean the value of 100% of the shares would be £1.7bn

I suspect the Glazers think the club is worth $4bn, or £2.5bn (ish), and can release $1bn and retain 75%.

Originally Posted by IanStoreyLess

I suspect the Glazers think the club is worth $4bn, or £2.5bn (ish), and can release $1bn and retain 75%.

Originally Posted by The Watcher

Forbes valued United at $1.86 billion this year, so it does seem a low value.

Some sort of "refinancing" was done to pay of the PIK loans, so I guess this is linked to that. Still a bit of a mystery where they found the cash to pay them off.

$1.8b minus the debt = more or less $1b, isn't it?

great owners

Originally Posted by borsuk

$1.8b minus the debt = more or less $1b, isn't it?

Yea, the bond issue was worth around $800 million.

Originally Posted by believe

Does anybody, apart from Ginners and Offoh want a wager that this won't happen?

dick

s2c

Originally Posted by antonin jablonsky

They are gonna use the investment to pay off the debts aren't they so they can stop paying interest and start paying themselves and the investors dividends.

no, they aren't. what £#%&!wit would say "you keep the billion, I'll have a few million a year maybe" instead?

Originally Posted by forwardirektion

How much of their own capital have they put in?
The club is easily paying off the debt and still competing so they will not wipe the debt with the $1bn they will take it for themselves.

Say they put $500m of their own money in they are making a $500m profit while retaining complete control and being able to pay themselves dividends for the years to come.

why on earth would you say they put $500mio? I doubt they put in $50mio.

Originally Posted by antonin jablonsky

So, as far as united are concerned it will be of no benefit at all and in fact will take even more money out of the club to pay dividends. Seems Ginners is correct, worst possible scenario

no reason more dividends will go out. but it won't be any more use to united than the takeover.

Originally Posted by dunk

I think they will pay the debt off, or at least a portion of it to ensure we remain in line with the fair play regulations, and their ultimate aim will be to pay off the debt I would've thought.

ha, ha, ha, ha..... bonk.

Originally Posted by General Woundwort

If they get a $1bn return and keep a controlling stake 6 years after buying the club for £800mil, they've played an absolute blinder tbf.

Doesn't it make you £#%&!ing puke.

yup. makes me puke how they can rely on apathy, ignorance and lack of proper regulation.

Originally Posted by forwardirektion

$1bn will be for 49% of the shares and they'll take that money for themselves.

Greedy bastards!

dont moan, just buy your st.

Originally Posted by ScarFace

dont moan, just buy your st.

Originally Posted by ScarFace

dont moan, just buy your st.

this

Originally Posted by ScarFace

dont moan, just buy your st.

uh-oh, the voice of united's non-match-going support has spoken. again.

Originally Posted by Tumescent Throb

uh-oh, the voice of united's non-match-going support has spoken. again.

And the Stooge....

Originally Posted by Sparky***

and the one who used to give a £#%&!, now berates ANY protest from the middle east.

Originally Posted by believe

this