Eventually something is going to happen and some posters will think they got it right. When in fact nobody really has a clue. If you say all of the possibilities one will have to be right eventually.
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
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Please don't in here. Maybe a bit of peaceful effigy burning outside OT?
Maybe most of his M&A activities are with private entities and not publically listed ones like United?
Ahh fair enough. Agree with you in that case.
Just as long as it's not you doing it eh?
A bit amateur though. It seems his due diligence wasn’t as good as the Qataris
If it's true that Sir Jim's bid is dead then he should just declare this publicly and pull out.
Qatar should then tell the Glazers that they 48 hours to accept their final bid or else they will also pull out.
Qatar should then tell the Glazers that they 48 hours to accept their final bid or else they will also pull out.
So what happens if they don't sell ?
They do a Phil Jones and hang around for years.. oh wait...
I wish Malcolm had pulled out.
I will advocate a stern letter to be written if the Glazers stay.
Was it someone in this thread that pointed out the press release the Glazers made about strategic opportunities including possible sale last year?
If so that’s the Glazers that have shot themselves in the foot. There is nothing stopping them privately selling their shares but they put out an announcement to the NYSE on behalf of the club/corporation and we saw what effect that has had on the share price.
It’s no surprise that’s now been used against them, they have an offer on the table which is in the best interest of those shareholders and they were considering instead taking an offer that would leave those shareholders in the cold and likely lose money and instead only looking to act in their own interests.
The third biggest shareholder writing a letter to them and other shareholders threatening group action would have made the INEOS bid much less attractive. Why stick around for 3 years while United fans continue to protest and very wealthy investors form an army of lawyers bringing expensive legal action.
Take the money and feck off.
Starting to seem like they aren't interested in selling the club any longer and are looking to wriggle their way out of the situation without any repercussions. Probably hoping both bidders pull out.
What's with the title update?
"more and less" confident of winning? Which is it?
"more and less" confident of winning? Which is it?
Based on? They cannot afford to keep running the club as they have. Debt is very expensive now and they would need a load more of it.
Qatar should make life hell for the Glazers but I don't think they'll back out now
Maybe this is a stupid question but is there now a chance they aren’t allowed to choose minority investment over a sale? it’s a bit I’ve watched too much Succession but are they allowed to tuned down the best deal after the process has started?
Na, seems like fans who wanted Jim in are now trying to (for some reason) will this into reality
I assume that it's a reference to the constant contradictory stories that are coming out?
Surely Jim must've known his bid was never possible?
Its a shame that Carl Ichan isn't one of those who bought United shares or this sham would have been cleared up a long time ago.
You would have thought. But it was only two weeks ago, his mouthpiece, The Times was reporting that he was feeling confident.... 7 months into the process.
Or maybe he thought that he would deal with them once he has control?
Agreed
I’m obviously not a financial expert by any stretch and don’t want to pretend I am so all my posts here are obviously my own opinion or an attempt at applying some logic based on the information we have - just want to caveat that because I also hate it when people talk with authority on subjects they’re not experts in.
My take on the above is that it’s probably a lot easier to argue in court that minority investment is a long term strategic move that the Glazers could argue they believe is in the interests of long term shareholders whereas agreeing to a sale which sees the Glazers sell only their own shares at a premium to exit the company knowing everyone else’s shares will fall off a cliff is just plain malicious and self serving.
This becomes more ridiculous every day.
Let’s hope Qatar have a little more left in the tank to see it over the line before the nonsense becomes too much for them.
Let’s hope Qatar have a little more left in the tank to see it over the line before the nonsense becomes too much for them.
It seems even the biggest Ratcliffe cheerleaders (Lawton, Dickinson et al at The Times) have gone silent.
Just backs up what everyone has said about Ratcliffe's sport operation if this is the reason why it's dead.
They just wing it. Clueless.
They just wing it. Clueless.
I mean you've just got to look at who attended the meeting at Old Trafford on SJ's behalf.
Shahzad Shahbaz - 25 years at Bank of America and a Qatari Investment Advisor
Yasir Shah - Managing Director of Bank of America
Fady Bakhos - Legal, corporate & investment advisor to Sheikh Jassim
Sam Powers - Global Head of Technology, Media & Telecoms at Bank of America Merrill Lynch
Multiple lawyers.
They knew exactly what they were doing.
I’m quite sure that SJR’s bid wasn’t as blind as some think on here - he will be represented by a well respected M&A team and they will be dealing with Raine who are also the same.
Some basic issue is not going to be discovered way down the road. You may find that the bid needs adjusting but I doubt very much he is out - maybe told to go away and reevaluate his offer.
I would not be surprised if there are other bidders involved as well - suits the narrative that everyone thinks it’s just between two.
Could yet be more left field tangents to appear over the coming days…..nothing should surprise us with this lot.
Some basic issue is not going to be discovered way down the road. You may find that the bid needs adjusting but I doubt very much he is out - maybe told to go away and reevaluate his offer.
I would not be surprised if there are other bidders involved as well - suits the narrative that everyone thinks it’s just between two.
Could yet be more left field tangents to appear over the coming days…..nothing should surprise us with this lot.
Indeed. Minority investment that keeps the Glazers at the club and, crucially, in control, is surely not what anyone wants at this stage. If the threats of legal action from the Class A institutional holders is real, then it spells the end of Avram and Joel at United unless they can make a deal with Carlyle or similar that the other siblings find palatable. It is a bit concerning that the minority investment option now seems to be gaining traction, but I also think it is a bit fanciful, given what is already on the table from Qatar.
TBF the whole structure of the business end of the club is incredibly messy with a New York minority listing, A & B shares, Cayman Islands jurisdiction etc
So it's feasible that Jim's advisors are coming up with new takeover structures which sound good in theory, but won't actually stand up to legal challenge from the small but powerful (a whole list of hedge funds) minority shareholders
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Exactly. Yet there were folk on here in the pro Brexit Jimmy camp who were trying to suggest the Qatari’s were handling this like amateurs.
It wasn’t really highlighted by Bloomberg though. It was just a line saying they could choose minority investment at the last minute.
Technically they could. Technically all options are on the table
Fair points.
Of course he would have been aware. Let's not take everything these journalists say as gospel.
@Pexbo give me the vibes
Apart from SJR put and call offer ?
I'd happily give Avram a wedgie, the fecking pervert.
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