Jerseybean Posted November 22, 2022 Share Posted November 22, 2022 As per the title: https://www.bbc.co.uk/sport/football/63723992 Quote Link to comment Share on other sites More sharing options...
Slacker Posted November 22, 2022 Share Posted November 22, 2022 Wonder if Elon Musk would be interested?Doing wonders at Twitter. Quote Link to comment Share on other sites More sharing options...
REDOXO Posted November 22, 2022 Share Posted November 22, 2022 And so it continues. A matter of time for SL and Bristol Sport. 1 Quote Link to comment Share on other sites More sharing options...
Midlands Robin Posted November 22, 2022 Share Posted November 22, 2022 Which Middle Eastern state has yet to buy a Premier League club? Quote Link to comment Share on other sites More sharing options...
Harry Posted November 22, 2022 Share Posted November 22, 2022 4 minutes ago, Midlands Robin said: Which Middle Eastern state has yet to buy a Premier League club? Iran? ? 4 1 Quote Link to comment Share on other sites More sharing options...
TonyTonyTony Posted November 22, 2022 Share Posted November 22, 2022 Up next : China 1 1 Quote Link to comment Share on other sites More sharing options...
Mendip City Posted November 22, 2022 Share Posted November 22, 2022 13 minutes ago, Midlands Robin said: Which Middle Eastern state has yet to buy a Premier League club? Qatar……. 1 Quote Link to comment Share on other sites More sharing options...
sglosbcfc Posted November 22, 2022 Share Posted November 22, 2022 Michael Knighton? 2 Quote Link to comment Share on other sites More sharing options...
Rocking Red Cyril Posted November 22, 2022 Share Posted November 22, 2022 58 minutes ago, REDOXO said: And so it continues. A matter of time for SL and Bristol Sport. Yes possible. But why can it not be bought by an English or UK buyer? Take their money out of foreign banks and pay some tax. If it goes to foreign I know I will have to review my support. I am a Bristol City supporter and have been for 48 years now. A foreign owned club is not a Bristol City I feel I can love and support . Just my initial feelings. How do others feel. I am aware foreign ownership would likely bring the money to develop the team to the premiership . Which we all desire do much. But being foreign owned leaves a bad taste in my mouth . Quote Link to comment Share on other sites More sharing options...
Rocking Red Cyril Posted November 22, 2022 Share Posted November 22, 2022 And who really cares who owns United they can just **** off northern ***** 2 1 Quote Link to comment Share on other sites More sharing options...
downendcity Posted November 23, 2022 Share Posted November 23, 2022 2 hours ago, Jerseybean said: As per the title: https://www.bbc.co.uk/sport/football/63723992 That's a Black Friday deal. 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted November 23, 2022 Share Posted November 23, 2022 I believe the Glazers hold their shares at PLC level. So that means they must be selling those shares, which are shares in a Cayman Islands company listed on the NYSE. That makes this a slightly different deal to the Chelsea sale (not to mention the sanctions complications involved in that one). Not straightforward, will involve UK and Cayman Islands lawyers, plus lawyers for the purchaser(s). Could be a while until anything happens. Particularly if a purchaser wanted to simultaneously de-list the club or redomicile it away from Cayman. 1 Quote Link to comment Share on other sites More sharing options...
Rob k Posted November 23, 2022 Share Posted November 23, 2022 6 hours ago, Rocking Red Cyril said: Yes possible. But why can it not be bought by an English or UK buyer? Take their money out of foreign banks and pay some tax. If it goes to foreign I know I will have to review my support. I am a Bristol City supporter and have been for 48 years now. A foreign owned club is not a Bristol City I feel I can love and support . Just my initial feelings. How do others feel. I am aware foreign ownership would likely bring the money to develop the team to the premiership . Which we all desire do much. But being foreign owned leaves a bad taste in my mouth . How could a foreign owner put more in to the team? Quote Link to comment Share on other sites More sharing options...
Rocking Red Cyril Posted November 23, 2022 Share Posted November 23, 2022 2 hours ago, Rob k said: How could a foreign owner put more in to the team? Money Quote Link to comment Share on other sites More sharing options...
Eddie Hitler Posted November 23, 2022 Share Posted November 23, 2022 2 hours ago, Rob k said: How could a foreign owner put more in to the team? Dishonesty and rule breaking like Man City. Sign a massive shirt sponsorship deal with a company owned by an associate with whom you do a lot of business. Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted November 23, 2022 Share Posted November 23, 2022 Just on the off chance, does anyone know the NYSE Listing Rules? Is a sale of the Glazers B shares enough to constitute a change of control that would require all other investors to sell their A shares as well? Is a drag along triggered is the essential question? The answer would feed directly into the aggregate price paid by any purchaser. Quote Link to comment Share on other sites More sharing options...
Super Posted November 23, 2022 Share Posted November 23, 2022 9 Billion. Only one man has that kind of money.... 10 Quote Link to comment Share on other sites More sharing options...
Cityboy1954 Posted November 23, 2022 Share Posted November 23, 2022 7 minutes ago, Super said: 9 Billion. Only one man has that kind of money.... Hope he takes them over made for each other Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted November 23, 2022 Share Posted November 23, 2022 5 minutes ago, Super said: 9 Billion. Only one man has that kind of money.... £9bn is an interesting price. It's more than 3x the current market cap of US$2.64bn. Note that the market cap only covers the class A non voting shares and not the class B voting shares that the Glazers use to actually control Man Utd PLC. That explains the difference. They are therefore valuing the class B shares, the shares that actually control the club, at something like £6.5-7bn. It will be interesting to see if the next owner continues with the dual share class, minority listing, offshore structure, or they could revert to a more traditional structure. 1 Quote Link to comment Share on other sites More sharing options...
Super Posted November 23, 2022 Share Posted November 23, 2022 5 minutes ago, ExiledAjax said: £9bn is an interesting price. It's more than 3x the current market cap of US$2.64bn. Note that the market cap only covers the class A non voting shares and not the class B voting shares that the Glazers use to actually control Man Utd PLC. That explains the difference. They are therefore valuing the class B shares, the shares that actually control the club, at something like £6.5-7bn. It will be interesting to see if the next owner continues with the dual share class, minority listing, offshore structure, or they could revert to a more traditional structure. What's the better deal Liverpool at 4 billion or United at 9 billion? 1 Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted November 23, 2022 Share Posted November 23, 2022 (edited) 9 minutes ago, Super said: What's the better deal Liverpool at 4 billion or United at 9 billion? Liverpool is probably a simpler deal. My brief understanding is that the company structure around Liverpool is simpler and it's a bit less debt laden. For one thing with Liverpool you don't have to satisfy the NYSE rules, so that's one big book of regulations that you can ignore. However global brand power is unquestionably stronger with Utd. Also, consider this. If you are able to finance either sale and your aim is to double your money in 10 years - a quite modest aim by the standards of the kind of people who will buy Utd or Liverpool - then with Liverpool you'll make £4bn. With Utd you make £9bn. So you decide. Admittedly that's fag-packet economics, but I think that's your answer. Edited November 23, 2022 by ExiledAjax 1 Quote Link to comment Share on other sites More sharing options...
Red Skin Posted November 23, 2022 Share Posted November 23, 2022 (edited) 9 hours ago, Rocking Red Cyril said: And who really cares who owns United they can just **** off northern ***** This isn't just about Man Utd. This is cautionary tale about how disenfranchised fans are at the mercy of global capitalism. We need to move to the German model, where fans have a controlling stake in their clubs. Edited November 23, 2022 by Red Skin 2 1 Quote Link to comment Share on other sites More sharing options...
TonyTonyTony Posted November 23, 2022 Share Posted November 23, 2022 Man U worth 5 billion more than Liverpool? Where has that come from? Looking at the commercials (Forbes data 2022) Similar revenues, similar operating income, similar everything really. The only thing that's not similar is Man U need to spend hundreds of millions (if not a billion) on a new stadium and training facilities and Liverpool dont. No doubt the USD:GBP fx rate is a major reason why they want to sell, but the crumbling stadium is another major reason. For sure Man U is globally a bigger brand, but 5 billion more? No chance Aside from that - whether you love or loathe these two clubs, i find it very sad that pretty much any shark investor can come in and buy them just to make money. We should have the German 50+1 ownership system in place to ensure commercial investors can only own 49% of a club. 1 1 Quote Link to comment Share on other sites More sharing options...
TBW Posted November 23, 2022 Share Posted November 23, 2022 10 hours ago, Rocking Red Cyril said: Yes possible. But why can it not be bought by an English or UK buyer? Take their money out of foreign banks and pay some tax. If it goes to foreign I know I will have to review my support. I am a Bristol City supporter and have been for 48 years now. A foreign owned club is not a Bristol City I feel I can love and support . Just my initial feelings. How do others feel. I am aware foreign ownership would likely bring the money to develop the team to the premiership . Which we all desire do much. But being foreign owned leaves a bad taste in my mouth . Foreign players are fine though... Quote Link to comment Share on other sites More sharing options...
Son of Fred Posted November 23, 2022 Share Posted November 23, 2022 12 hours ago, Rocking Red Cyril said: And who really cares who owns United they can just **** off northern ***** How's the creative writing course going??? 2 1 Quote Link to comment Share on other sites More sharing options...
Winterstoke toad Posted November 23, 2022 Share Posted November 23, 2022 2 hours ago, Red Skin said: We need to move to the German model, where fans have a controlling stake in their clubs. Completely agree but will never happen due to the premier league and the money it receives from places like sky . Quote Link to comment Share on other sites More sharing options...
Rocking Red Cyril Posted November 23, 2022 Share Posted November 23, 2022 (edited) 3 hours ago, Red Skin said: This isn't just about Man Utd. This is cautionary tale about how disenfranchised fans are at the mercy of global capitalism. We need to move to the German model, where fans have a controlling stake in their clubs. Yes point taken. But really the fans, population of this country have been sold out by our governments, system for ever. Do we really think that football has the power to change that and for the fans to have a real say or control . We are mere pond life just here to feed big brother our tax payments Edited November 23, 2022 by Rocking Red Cyril I can't spell Quote Link to comment Share on other sites More sharing options...
archie andrews Posted November 23, 2022 Share Posted November 23, 2022 3 hours ago, Super said: What's the better deal Liverpool at 4 billion or United at 9 billion? Said earlier on radio utd worth 2 billion so wheres 9 come from? Quote Link to comment Share on other sites More sharing options...
Super Posted November 23, 2022 Share Posted November 23, 2022 2 minutes ago, archie andrews said: Said earlier on radio utd worth 2 billion so wheres 9 come from? That was the price various reports said yesterday although it's more likely to be 5-6 billion. Quote Link to comment Share on other sites More sharing options...
Rocking Red Cyril Posted November 23, 2022 Share Posted November 23, 2022 2 hours ago, TBW said: Foreign players are fine though... Interesting thought. To which I don't have an answer. My origanial post on this is how I feel about the thought of a corporate foreign owner. Are we calling Welsh, Irish and Scottish foreign players because they are foreign ? Quote Link to comment Share on other sites More sharing options...
Rocking Red Cyril Posted November 23, 2022 Share Posted November 23, 2022 1 hour ago, Son of Fred said: How's the creative writing course going??? Always creative when I mention anything north of Yate Quote Link to comment Share on other sites More sharing options...
ExiledAjax Posted November 23, 2022 Share Posted November 23, 2022 (edited) 9 minutes ago, archie andrews said: Said earlier on radio utd worth 2 billion so wheres 9 come from? That will presumably be a report of the market capitalisation of their listing on the New York Stock Exchange. But, that listing is only of a small % of the total shares in the club. The vast majority of the shares in Manchester United PLC are unlisted shares held by the Glazers. They therefore are not reflected in that public market valuation. In a sale the unlisted shares can be valued at whatever the Glazers can get for them. Thus an overall valuation of £9bn is not unreasonable when the small % of listed shares (somewhere around 10-20%) is valued at £2bn. Edited November 23, 2022 by ExiledAjax Quote Link to comment Share on other sites More sharing options...
Hxj Posted November 23, 2022 Share Posted November 23, 2022 45 minutes ago, Winterstoke toad said: 3 hours ago, Red Skin said: We need to move to the German model, where fans have a controlling stake in their clubs. Completely agree but will never happen due to the premier league and the money it receives from places like sky . Is that the German model where the fans own the club, but the 'managing elite' get all the benefits and are never sacked as they control by direct appointments the committees which decide everything including who the two candidates are for the token fan elections? The German model is actually more corrupt that the Premier League model. 1 Quote Link to comment Share on other sites More sharing options...
redkev Posted November 23, 2022 Share Posted November 23, 2022 One for the fake sheik to purchase with his millions / billions Quote Link to comment Share on other sites More sharing options...
downendcity Posted November 23, 2022 Share Posted November 23, 2022 49 minutes ago, archie andrews said: Said earlier on radio utd worth 2 billion so wheres 9 come from? They've got Mel Morris and his valuer in to cook the books prepare the offering for sale! Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted November 23, 2022 Share Posted November 23, 2022 La Gazzetta dello Sport reporting one of their correspondents asked The Pope if the Catholic Church are interested in buying Man U? You'll never guess his response..... Quote Link to comment Share on other sites More sharing options...
Red Skin Posted November 23, 2022 Share Posted November 23, 2022 1 hour ago, Hxj said: Is that the German model where the fans own the club, but the 'managing elite' get all the benefits and are never sacked as they control by direct appointments the committees which decide everything including who the two candidates are for the token fan elections? The German model is actually more corrupt that the Premier League model. If that's the case then maybe not how it has been implemented in that particular way. Some kind of fan control is what is needed. That said they still have affordable ticket prices and safe standing. 1 Quote Link to comment Share on other sites More sharing options...
RoystonFoote'snephew Posted November 23, 2022 Share Posted November 23, 2022 15 hours ago, Rocking Red Cyril said: Yes possible. But why can it not be bought by an English or UK buyer? Take their money out of foreign banks and pay some tax. If it goes to foreign I know I will have to review my support. I am a Bristol City supporter and have been for 48 years now. A foreign owned club is not a Bristol City I feel I can love and support . Just my initial feelings. How do others feel. I am aware foreign ownership would likely bring the money to develop the team to the premiership . Which we all desire do much. But being foreign owned leaves a bad taste in my mouth . We're holding out for the Sultan of Brunei. Nigel's contract will be replaced by a payment each year of his weight in gold. 1 Quote Link to comment Share on other sites More sharing options...
BTRFTG Posted November 23, 2022 Share Posted November 23, 2022 41 minutes ago, RoystonFoote'snephew said: We're holding out for the Sultan of Brunei. Nigel's contract will be replaced by a payment each year of his weight in gold. I've an acoustic architect mate who was commissioned to deliver a project for his (now sadly departed,) son. Put it this way. However bizarre an idea sounds, irrespective of how unreasonable the cost, however extravagant the minute detail, never, ever, ever give it short shrift. Nigel balanced on scales weighted by gold, far too simple..... Quote Link to comment Share on other sites More sharing options...
REDOXO Posted November 23, 2022 Share Posted November 23, 2022 20 hours ago, Rocking Red Cyril said: Yes possible. But why can it not be bought by an English or UK buyer? Take their money out of foreign banks and pay some tax. If it goes to foreign I know I will have to review my support. I am a Bristol City supporter and have been for 48 years now. A foreign owned club is not a Bristol City I feel I can love and support . Just my initial feelings. How do others feel. I am aware foreign ownership would likely bring the money to develop the team to the premiership . Which we all desire do much. But being foreign owned leaves a bad taste in my mouth . Finding a UK interest would not be easy at all! The sterling/$ rate is still well beyond historic norms as it is with most currencies and there is a lot of money to be made by the right buyer. As for foreign ownership. I’m not sure it would phase me at all. SL is a tax exile! 1 Quote Link to comment Share on other sites More sharing options...
WarksRobin Posted November 23, 2022 Share Posted November 23, 2022 21 hours ago, Midlands Robin said: Which Middle Eastern state has yet to buy a Premier League club? Oman, Bahrain, Kuwait, Yemen Looking further afield, maybe China. They do love red. Or Brunei. 1 Quote Link to comment Share on other sites More sharing options...
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