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New owners - the moral dilemma

Discussion in 'Manchester United' started by glazerfodder, Feb 8, 2023.

  1. HRH Custard VC

    HRH Custard VC National Car Park Attendant

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    Bonjour
     
    #41
  2. cytrax

    cytrax Well-Known Member

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    With Elloitt Management apparently now backing the Glazers, this is isn’t a foregone conclusion.

    Elloitt Management is all about chasing value and I imagine that they are backing the Glazers to hold on for more years for better bids in the future.
     
    #42
  3. Treble

    Treble Keyser Söze

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    Owners of LFC just announced they weren't up for sale, just looking for investment.

    I wouldn't be surprised if Glaziers do the same. The bids just turn out to be shareholder stakes.
     
    #43
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  4. Dr Nickilas Van Helsing

    Dr Nickilas Van Helsing Well-Known Member

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    ezgif-5-675eed86e8.gif
     
    #44
  5. HRH Custard VC

    HRH Custard VC National Car Park Attendant

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    Qatar plan to up their bid.

    I would guess the yanks are just pushing Qatar for more money. Remember this is just the start.

    then this.....
    https://www.dailymail.co.uk/sport/f...are-price-SLUMPS-New-York-Stock-Exchange.html
     
    #45
  6. glazerfodder

    glazerfodder Well-Known Member

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    Interesting clarification from Jim Ratcliffe in that his bid would also ensure that the club becomes debt free. Any costs of financing, interest payments, fees etc would be borne by him, personally, and Ineos, and not the club which would be run on a not for profit basis with all income re-invested in the club.

    Not that the Glazers will give a ****, but for fans I think it is an important statement of intent and puts JR's bid on an equal footing with the Qataris in terms of how the club finances will work going forward. For me, given JR's historic interest in the club, this makes him the preferred bidder.. .
     
    #46
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  7. HRH Custard VC

    HRH Custard VC National Car Park Attendant

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    That does change things.
     
    #47
  8. cytrax

    cytrax Well-Known Member

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    I’m somewhat sceptical of this plan that all profits will be the reinvested back into the club with Ineos essentially going into a not for profit project. This is is very unlike most investment firms I find the promise hard to believe. I’d rather have a plan that discloses terms for any dividends up front, such as based on milestones that places the club first over the dividends that may be deemed reasonable for the owners. It is coming business practice anyway.

    The nasty piece of Glazer takeover is how much it costs them to serve that awful loan with club’s income. They could have used that money to redevelop the stadium and more.
     
    #48
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  9. Diego

    Diego Lone Ranger

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    You are talking about two different attitudes here, Ineos are saying they won't take anything out but not promissing to put more in so in effect a self funding club.
    The Glazers never put anything in and right from the start took money out even with the financing of the club with a loan.
     
    #49
  10. cytrax

    cytrax Well-Known Member

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    But if Ineos group is planning on not taking anything out, why get into a venture that will cost billions? It is that “Why” question that should be disclosed upfront. And it can’t be “because we love the club”. The Qataris may not take money out, but they know precisely what they are getting from infiltrating English institutions.

    Nonetheless, zero-leverage bid is far better than Glazers debacle they should have never happened.
     
    #50

  11. Treble

    Treble Keyser Söze

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