Will the Glazers sell?

[dozer]

Meh... I'd rather the club be with the Glazers instead of the Arabs.

[bman2]

I wonder if the reason that things seem to be going off the rails more than ever before is the fact that the prospect of the club being sold is hanging over it constantly now. If any business is openly exploring selling up, every employee has to wonder about their future. And at United it’s been going on for fucking ages now. What’s even worse is that the Glazers basically admitted that they needed investment or to sell in order to compete and invest in the club. So they’ve admitted the status quo is not working. But they haven’t sold either. They really are the fucking worst imaginable owners. At least if they’d been discreet in looking for a buyer or investment, they wouldn’t have admitted to everyone currently working for them that the club is basically slowly failing.

Of course, being discreet wouldn’t have maximized the bids they would get. A big open auction was obviously the shittiest approach for the club. Sorry, I should say that a big, open auction that *went nowhere* was the shittiest outcome for the club, so obviously that’s what the Glazers did.

[JoelfuckingGlazer]

This is turning into a complete debacle.

Their original announcement covered all bases and didn't oblige them to sell, but surely some form of announcement is required if full sale is off the cards? If they're manipulating the market by falsely continuing the prospect of a sale, it inflates the share price and is surely a legal matter. I'd love so see these fucks hone after hard through the courts.

[swampash]

Share price has apparently dropped 18% on the speculation that the sale is off.
If it is off there should be plenty of flack coming from the suitors, but so far I’ve not spotted anything.

[Fuck the Glazers]

Share price has apparently dropped 18% on the speculation that the sale is off.
If it is off there should be plenty of flack coming from the suitors, but so far I’ve not spotted anything.

Yeah, Ratcliffe and the Qataris have spent millions getting their bids in order. They've been fucked about.

I had worries when the Glazers' co-conspirators took Liverpool off the market. While the super league is on its arse, the general consensus is that broadcasting revenues will increase in the coming years. So they could sell for more at a later date.

Problem is they need investment to do up the infrastructure. I don't think they can kick the can further down the road. So maybe we're looking at a private equity stake for now.

[dozer]

I think it's just yet an other weak rumour.
No one seems to know what's happening with the bid. I won't be surprised if there are reports soon saying the bid is still on.

[Felwin]

My knowledge of this stuff is poor but is it also not possible that the buyers are chucking around rumours to affect the share price and force a sale?

[dozer]

My knowledge of this stuff is poor but is it also not possible that the buyers are chucking around rumours to affect the share price and force a sale?

The share price owned by the public doesn't matter. Those price movements are being triggered by retail investors and the Glazers' shares aren't part of these trades.
The share price is still higher than what it was prior to the Glazers announcing the sale.
The glazers own the majority. The price they quote counts.

[Fuck the Glazers]

Not United, but involves United; english football is in financial dire straits

“The financial sustainability of English football remains at a precipice, with the majority of clubs in the top 5 tiers technically insolvent, almost half the Premier League and almost all the Championship having negative cash flows at the end of the 2021-22 season, and a strong dependency on owners being exhibited across clubs.”

https://news.liverpool.ac.uk/2023/09/07 ... -finances/

[Fuck the Glazers]

United's third-quarter results show the club's debts have increased from £969million to £1.005bn this year. That's due to a combination of gross debt, bank borrowings and outstanding transfer fees, having splashed out nearly £200m on big-money signings this summer.

1bn debt. It's symbolic.