Quarterly Quarrel - The Financial Discussion Part 5

Ok, but I had a dream where I met with Jim Morrison in the sand dunes of Qatar. He told me if there are bids, they will eventually sell.

 

Is that a Wayne's World 2 reference?

 

club

Sky Sports News senior reporter Melissa Reddy:

"They were expecting a greater uptake [for the sale of Man Utd] - we know there are only two public bidders, neither of them have got close to the £6bn valuation the Glazers want.

"They feel that the club when you look at the potential for commercial growth, how they factor in emerging markets and just what a massive sporting asset this is.

"At the moment, it seems like they're very, very reluctant to part with the club especially if they don't get anywhere close to their valuation. "

https://www.google.com/amp/s/www.sk...e-with-current-bids-not-meeting-6bn-valuation

 

Give it about a year when they realize this is the best they'll get and no one wants to act as the chump in their leverage scheming BS when they can get a better deal by becoming a part owner.

 

Maybe. Did Wayne's World 2 also have a weird naked Indian man?

 

Also there's also one more unnamed bidder.

 

Is this for real? What's the benefit?

1633140463329849347 is not a valid tweet id

 

Hopefully this is just posturing by both sides. But if the reports from the Athletic are true, and Glazers won’t sell for less than 6 bil, we may be screwed.

 

Gary Neville almost sounds like he works at Goldman Sachs with his surprisingly and seemingly informed financial analysis.

Agreed on the posturing.

 

As reported Elliott Management kickstarted second stage of sale process by meeting with Raine/Glazer reps in Mcr yesterday. Also, TeamViewer expected to remain on #MUFC shirts for next season. No surprise to industry experts. New shirt sponsor for 24/25 expected https://t.co/NcnbhdCqDP

— James Ducker (@TelegraphDucker) March 10, 2023

 

Worst prospective outcome.

 

https://www.bbc.com/sport/football/64964321

Looks like Ratcliffe himself will attend the presentation.

 

People can talk shit about the Glazers all they want, and they've made some missteps/wasted money while running the club. But what a ********ing investment. 5x in 18 years, while also taking sizable dividends throughout. Good business.

 

I'd never argue they weren't savvy business people WRT getting rich off of United, but they're the worst kind of people to own such an institution.

 

We live in the real world.

 

That is the way of the world, I can't disagree there, but we are also talking about people who don't make anything, refuse to spend their own money, rely on banks to pay for everything, and make ridiculous money for nothing. I think the way the Glazers have run United is a good reflection of what's wrong with the global economy. It may just be a matter of time before the financial markets suffer the kind of shocks that finally result in an overdue correction that will help to put things right again (or doubles down and makes them worse). I don't say that to argue with you. I think you might agree with me on that point judging by some of your past comments.

In any case, a week ago the Qataris said they will walk away if the price is not right and now it's being reported they changed their tune and will pay "closer" to what the Glazers want. It will be interesting to see how much it changed. I suspect not as much as they play it and that they still plan to walk away if the price is not right.

Also, The Telegraph claims there are two new bidders and there are as many as 8 groups in talk:

https://www.telegraph.co.uk/footbal...united-owners-eight-bidders-ratcliffe-elliot/

 

Good business by now deceased Daddy Glazer (though doing an LBO should not have been allowed).

The Glazer kids though have been poor business people. Money has been spent poorly because they made a mess of recruitment by leaving it in the hands of an incompetent (Ed) for too long.

 

Public posturing.

Saw a video that explains a lot about the bidding process of buying a football club. Apparently, the public bid is prior to seeing the club's books.