Quarterly Quarrel - The Financial Discussion Part 5

Discussion in 'Manchester United' started by Ruud v.Nistelrooy 10, Mar 11, 2014.

  1. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    And here we go

     
  2. CybrSlydr

    CybrSlydr Member+

    Columbus Crew
    United States
    Jun 30, 2013
    Casper, WY
    Club:
    Columbus Crew
    Nat'l Team:
    United States
    So they'd still have controlling interest. Nothing would change except they're cashing in.
     
  3. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    Yes. They are cashing out a further tranche
     
  4. Ashur

    Ashur Member+

    Manchester United
    United States
    May 31, 2015
    Riding off into the sunset
    Club:
    Manchester United FC
    Nat'l Team:
    United States
    #604 Ashur, Sep 25, 2019
    Last edited: Sep 25, 2019
    That move does not show an intent to sell IMO. More like a move made to generate cash in order to pay off the debt (which apparently has gone up) or it could be a preemptive move to counter the loss of revenue that is expected in the next year, possibly even 2.
    I think that selling those shares would be the last thing the Glazers would want to do, if they had any intention in cashing in completely soon.
     
  5. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    From what I have read previously, the limited number of A shares the Glazers make available (and are making provision for) are as described “restricted” in terms of voting rights - so not of use to anyone looking to buyout the club.

    In the past there have been accusations that large “fees” etc. have been charged to the club whenever debt or share structures have been changed (ie used as another means to siphon money from the club).

    As noted in the conference, outlook for shareholders (ie the Glazers) is less favourable owing to loss of income from CL football - so not really a surprise they are making provision (which is all they have done at this stage) to raise money to make up for any shortfalls.

    Of course they could keep money in club and use any raised money on player acquisition or debt pay-down rather than covering dividend shortfall :)
     
  6. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    They are selling a large tranche.

    The money is not being used to repay debt. The debt is held by man u within the corporate entity

    The glazers own these shares separately
     
  7. The Jitty Slitter

    The Jitty Slitter Moderator
    Staff Member

    Bayern München
    Germany
    Jul 23, 2004
    Fascist Hellscape
    Club:
    FC Sankt Pauli
    Nat'l Team:
    Belgium
    #607 The Jitty Slitter, Sep 25, 2019
    Last edited: Sep 25, 2019
    It's as @cr7torossi indicated

    At some point they will dump a large tranche

    But this is only a preliminary step
     
  8. Ashur

    Ashur Member+

    Manchester United
    United States
    May 31, 2015
    Riding off into the sunset
    Club:
    Manchester United FC
    Nat'l Team:
    United States
    A vid well worth the watch.
     
  9. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    No CL means cut costs, ways to do this;

    - move expensive players on (some of whom Ole wanted to keep)

    - sign players up to longer contracts regardless of quality (cheaper than going in to market to replace)

    - only buy a few players, bare minimum (7 out only 3 in)

    - keep the Glazers guy as our head-of-football to keep the real focus (a DoF would undermine that)

    - pad the gaps in the squad with academy players (cheap and is a great excuse, spin it as looking to youth, looking to future etc.)

    - as long as sponsor revenue and fans buying merch continues the club remains the thing it mainly is these days - the Glazers ATM ...

    [​IMG]
     
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  10. johno

    johno Member+

    Jul 15, 2003
    in the wind
    Club:
    Manchester United FC
    Nat'l Team:
    --other--
    Agree w/ most of that but I think it is important to note that a good DoF saves United more money than any outgoing sales or loans could. A proper DoF doesn't sign Sanchez to that deal or pay Rojo's stupid wages making it impossible to move him on. A proper DoF would have had us making more buys like AWB and Dan James and fewer like Fellaini (not a knock, but he was at the peak of his powers and not good enough) or Zlatan.
     
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  11. Ruud v.Nistelrooy 10

    Staff Member

    Jamaica
    Jun 4, 2006
    Antilla
    Club:
    Manchester United FC
    Nat'l Team:
    Jamaica
    do you know which ones he wanted to keep?

    thinking about his past quotes again i am almost convinced he wanted to try with Sánchez one more time
     
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  12. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    The rumour (& his quotes) were that Ole was fine with keeping Sanchez - supposedly that one was mostly Woodward for financial reasons to mitigate some of his salary for a year (and to hide Eds embarrassment for 12 months).

    Ole said multiple times that if players left they would be replaced (which was what presumably he was told by Ed).
     
  13. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    1177916535144435718 is not a valid tweet id
     
  14. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    Local fans often highlight how poorly the stadium is maintained. Badly managed stewards, lack of accident procedures along with the leaking roof, people breaking in etc.

    Doesnt look like the club has responded well to a fan losing his life there.

     
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  15. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    Some interesting details and trends from our recent figures;

     
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  16. Anonymous_United

    Manchester United
    Brazil
    Jul 13, 2018
    Amdrag repped this.
  17. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
  18. Ashur

    Ashur Member+

    Manchester United
    United States
    May 31, 2015
    Riding off into the sunset
    Club:
    Manchester United FC
    Nat'l Team:
    United States
  19. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    A lot of our recruitment department have been there for ages, should have had some better people in long ago ...

     
  20. Anonymous_United

    Manchester United
    Brazil
    Jul 13, 2018
    Lolz those feckers should start hiring external scouts to spy on internal scouts..
     
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  21. J'can

    J'can Member+

    Jul 3, 2007
    Club:
    Manchester United FC
    Lol :laugh:
     
  22. Ashur

    Ashur Member+

    Manchester United
    United States
    May 31, 2015
    Riding off into the sunset
    Club:
    Manchester United FC
    Nat'l Team:
    United States
  23. Sofabloke

    Sofabloke Member+

    Dec 24, 2003
    Mu
    Club:
    Manchester United FC
    The Glazers are scumbags. Ed is an increasingly incompetent scumbag.

    Owners are what they are in this society, however they have no ambition or emotion or responsibility for the club or its fans at all besides keeping it a going concern to leech from it.

    Have no choice in supporting the club. Do have a choice in where I spend my money - so haven't gone to a game in a long while, have ditched MUtv and won't be buying any shirts or merch, have unfollowed, will not be getting app etc. Is fairly meaningless but means I can live with myself.

    F$$k 'em :)
     
  24. Ashur

    Ashur Member+

    Manchester United
    United States
    May 31, 2015
    Riding off into the sunset
    Club:
    Manchester United FC
    Nat'l Team:
    United States
    #625 Ashur, Oct 20, 2019
    Last edited: Oct 20, 2019

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