Manchester United partial sale completed: Jim Ratcliffe acquires 27.7% share, 100% control of sporting side)

[Jussi]

United to explore strategic alternatives

The Board of Directors announces a process designed to enhance the club's future growth.

www.manutd.com

As part of this process, the Board will consider all strategic alternatives, including new investment into the club, a sale, or other transactions involving the Company. This will include an assessment of several initiatives to strengthen the club, including stadium and infrastructure redevelopment, and expansion of the club’s commercial operations on a global scale, each in the context of enhancing the long-term success of the club’s men’s, women’s and academy teams, and bringing benefits to fans and other stakeholders.

Click to read more...

 

[Jussi]

 

[robertmac43]

So much happened during my flight lol….

 

[93LEAFS]

Don't want US investors. My hope is Jim Ratcliffem and please don't become a play thing for Oil Shieks.

 

[PromisedLand]

Hahahahaahahahaahahahaahahahaahahahahahahaa

after all the christiano ronaldo drama this is the news


LMAO

 

[Jussi]

 

[hatterson]

6 billion seems pretty high for a company with a market cap of around 2 billion.

 

[Jussi]

6 billion seems pretty high for a company with a market cap of around 2 billion.

 

[93LEAFS]

6 billion seems pretty high for a company with a market cap of around 2 billion.

That's mainly because the stocks offer limited dividends and have no voting rights. They are all class B, and only 10% of the company was sold. In an actual bid up take over it would be massive. So the Glaziers will privately negotiate a sale for their 90% control as a block, and then the buyer will likely take it private at that valuation.

 

[The Abusement Park]

Don't want US investors. My hope is Jim Ratcliffem and please don't become a play thing for Oil Shieks.

Based on what I’ve heard about his tenure at Nice, I’m good.

 

[Jussi]

 

[Tom ServoMST3K]

Crazy that ManU is for sale for "only" 5 billion, when you look at the functional sale value of NBA/NFL franchises.

Goes to show how valuable a salary cap is for anyone operating a sports team.

 

[JeffreyLFC]

Crazy that ManU is for sale for "only" 5 billion, when you look at the functional sale value of NBA/NFL franchises.

Goes to show how valuable a salary cap is for anyone operating a sports team.

Hence why the Super League failure triggered the sale consideration of FSG and the Glazer.

 

[Jussi]

 

[Dolemite]

What a complete and utter shit show Man U has become.

 

[hatterson]

What a complete and utter shit show Man U has become.

Huh?

I mean, I’m not disagreeing, but I’m not sure how the glazers selling is contributing to that.

 

[Dolemite]

Huh?

I mean, I’m not disagreeing, but I’m not sure how the glazers selling is contributing to that.

The culture and front office are a shit show. The Athletic did a great write up about.

 

[Jussi]

The culture and front office are a shit show. The Athletic did a great write up about.

Front office is much better now post-Woodward than before.

 

[Dolemite]

Front office is much better now post-Woodward than before.

Multiple articles in the Athletic say otherwise. There is change coming now as a result.

 

[Jussi]

Multiple articles in the Athletic say otherwise. There is change coming now as a result.

Well if they're not free to read, I don't believe you.

 

[Duchene2MacKinnon]

Multiple articles in the Athletic say otherwise. There is change coming now as a result.

These guys aren't sacred.

 

[The Abusement Park]

Interesting... I will say I feel like United isn't as good an investment as it could've been. Anyone buying the team is going to have to dump probably close to a billion into the club to re do Carrington and Old Trafford. Even then if someone bought the club for 5bil lets say, it's going to be hard to get a good ROI on that.


Also I'm not entirely sure how it would work, but there's still ~500mil of debt saddled to the club. Definitely seems like the Glazers and FSG are getting out now that the ESL is dead in the water.

 

[Jussi]

 

[Tom ServoMST3K]

Yeah, that price tag makes a lot more sense to me.

 

[The Abusement Park]

10.6B…. That’s insane.