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Btw, I just read that Glazer is at 63% now. Shareholders United (ManU fans) are working their asses off to try to prevent Glazer from getting 75%. Kind of funny that an owner and the fans are at such odds 
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“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV) -
I dont know which i hate more, Manure or Glazer. So
to Glazer.
News just said hes at 70% now.Call to Power 2: Apolyton Edition - download the latest version (12th June 2011)
CtP2 AE Wiki & Modding Reference
One way to compile the CtP2 Source Code.Comment
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Wow... well we can discuss the soccer implications of this on the World Soccer Thread (I've got the ball rolling).“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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That sounds like pretty rank speculation. People just don't know what will happen so are trying to throw crap at the wall hoping it will stick.To pay for the debt that Glazier CAUSED (if he reaches 75%), there are speculations of raising ticket prices and, perhaps in the future, selling off some of the young talent (like Cristiano Ronaldo).I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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1.5 billion, when I wouldn't pay 1.50$ for the whole damn sport...12-17-10 Mohamed Bouazizi NEVER FORGET
Stadtluft Macht Frei
Killing it is the new killing it
Ultima Ratio RegumComment
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Um... not really. If he puts the team in debt of 300 to 400 million pounds, how do you expect he pays that off? Raising ticket prices seems almost a given. I also think the transfer budget ain't going to be that large this year.Originally posted by DanS
That sounds like pretty rank speculation. People just don't know what will happen so are trying to throw crap at the wall hoping it will stick.
It wasn't like the previous owners didn't attempt to maximize revenue. This is a massive debt. Lesser debts have destroyed lesser sides such as Leeds United.
I mean there is a reason why the fans are so outraged and are having protests at Old Trafford today:
LONDON, May 12 (Reuters) - Manchester United fans promised a war of attrition against Malcolm Glazer after the American tycoon took control of the world's richest football club. . .“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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From profits. Man U brings in a lot of money, as the Forbes list details.Um... not really. If he puts the team in debt of 300 to 400 million pounds, how do you expect he pays that off?I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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why doesnt ManU have a poison pill?"Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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By the way, it's funny the headline differences. In the US, Glazer "wins" control. In other places, Glazer "seizes" control.
That's downright violent.
I came upon a barroom full of bad Salon pictures in which men with hats on the backs of their heads were wolfing food from a counter. It was the institution of the "free lunch" I had struck. You paid for a drink and got as much as you wanted to eat. For something less than a rupee a day a man can feed himself sumptuously in San Francisco, even though he be a bankrupt. Remember this if ever you are stranded in these parts. ~ Rudyard Kipling, 1891Comment
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--------Takeover near as Glazer buys Irish stake
Manchester United have been plunged into turmoil as Malcolm Glazer's £790million takeover dream moved within touching distance of becoming reality.
Man United fans make their feelings known. (NealSimpson/Empics)
The American effectively seized control with the shock confirmation that John Magnier and JP McManus had accepted Glazer's £3 per share offer and sold their 28.9% stake.
Even as United supporters arrived at Old Trafford in their droves to protest at Glazer's involvement, news filtered through that another key shareholder Harry Dobson had opted to cash in his 6% stake.
It is now thought Glazer has netted more than 112 million shares in the club, taking his own personal stake to 70%.
A clause in the original proposals, which forced Glazer to secure 75% of the club's shares in order for JP Morgan to fund a bid has now been scrapped, leaving the 78-year-old free to garner the remainder at will.
And though he will not formally lodge his bid until tomorrow morning, it is now inevitable he will get total control.
Some of the more militant United fans were accepting the battle for ownership is almost over.
The renewed threat of a breakaway club has already been raised, while other strategies, such as a boycott of season tickets and club merchandise are sure to be on the horizon.
Of more immediate interest is the reaction of the United board, who were locked in meetings at Old Trafford, refusing to make any public statement on the latest development.
Given they have previously described Glazer's proposals as 'aggressive' and 'potentially damaging', it is difficult to see how they can be any part of an American buy-out, with chief executive David Gill and chairman Sir Roy Gardner looking particularly vulnerable.
The position of Sir Alex Ferguson will also need to be clarified as a matter of utmost urgency.
It has previously been suggested by the Glazer camp that Ferguson is seen as an essential component in any deal and the Scot is expected to receive a £25million transfer `war chest' should he extend his 18 year stay with the Red Devils.
That is far from certain however. Ferguson has previously spoken out against any attempt to delist the club from the Stock Market and at 63, the most successful manager English football has ever known may decide he does not want to be part of the Glazer revolution.
While the loss of Gill, and his vast depth of knowledge of the United operation, would be a blow, Ferguson's departure would be a PR catastrophe for the Tampa Bay Buccaneers owner.
Already, major question marks have been raised as to how Glazer will squeeze greater profits from the Old Trafford machine than it currently generates.
It is estimated Glazer has had to borrow in excess of £300million to seal the deal, so he will need far more than the vastly-reduced £12.4million half-year profits announced in March.
United's second successive third place Premiership finish has already ensured there will be no major increase in Champions League income next season, so attention will turn to the current Premier League TV contract.
It is widely acknowledged that United - with their vast army of global supporters - could make far more by pursuing their own TV deals.
However, this could only be done through legal channels as the Old Trafford club are currently bound by Premier League rules, which require a two-thirds majority to change.
Documents will be released to the remaining shareholders at some point next week, detailing Glazer's £3 per share offer, although it is not thought, as yet, either Malcolm, or sons Joel and Avi, have any immediate plans to head to the United Kingdom.
Predictably, the major fans' groups who have campaigned so extensively against Glazer are aghast at today's news, with the blame being pinned on Magnier and McManus, who it had been reported would not sell at the price offered.
Around 1,000 United fans had descended on Old Trafford by 6pm, and Shareholders United vice-chairman Oliver Houston said: 'We feel completely betrayed by John Magnier and JP McManus.
'They said they were long term investors but they have taken the 30 pieces of silver offered by Malcolm Glazer.
'But we will not give up the fight just yet. There will be no shaking of the hands on this one.
'We warned Glazer a long time ago that no customers means no profit and he is about to see how much strength supporters at this club do have.'
Jules Spencer, chairman of the Independent Manchester United Supporters Association, added: 'If this is to be the end then we will go down kicking and screaming.
'And if he (Glazer) does get control then we will do what we said, which is up sticks and form a new club which will continue the traditions and heritage and the legacy of 125 years of Manchester United.
'We don't want Malcolm Glazer, we want a club run for the fans - and that is what we will do.'
Chanting supporters carried banners declaring the club 'Not for Sale' and burned effigies of the American billionaire outside Old Trafford tonight - and Greater Manchester Police said a number of fans were arrested tonight.
A force spokesman said: 'There have been some arrests for public order offences.
'The protest has been fairly peaceful but the group were warned under the Public Order Act to move on and clear the site.
'We do not want them there and a number of arrests have been made.'
Sports minister Richard Caborn tonight said: 'Who owns Manchester United is a commercial decision but of course anyone seeking to buy the club would be foolish not to take account of the views of the fans.
'I hope Mr Glazer sets up constructive discussions with the club, its supporters and employees, as well as the footballing authorities, as soon as possible.
'It is important that the club continues to play its central role in English football in the years to come.'
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Ferugsen should quit. he can get a job anywhere. the american will be sunk."Everything for the State, nothing against the State, nothing outside the State" - Benito MussoliniComment
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ManU brings in a lot of profits, but we are talking 300-400 million pounds here. That's going to take quite a while to pay off. What we don't know is what payment schedule the banks backing him require. Frankly, I can't see big transfer signings in the future for United and if they miss the Champions League in a year, the effects could be disasterous to the bottom line (which may require selling off of some of the better players to make the payments).Originally posted by DanS
From profits. Man U brings in a lot of money, as the Forbes list details.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Wait, let me get this straight. The guy uses his dominant position in ManU to force the company to borrow for his needs? And once he reaches sufficient control, he'll force ManU to pay back the debt that he started for his personal needs?"I have been reading up on the universe and have come to the conclusion that the universe is a good thing." -- Dissident
"I never had the need to have a boner." -- Dissident
"I have never cut off my penis when I was upset over a girl." -- DisComment
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Kind of. Glazer is borrowing from banks to try to purchase the club (so not borrowing from the club.. yet, read on). Once he gets to 75% owner, he can take it off the stock market and run it as a non-market company, which means he can transfer his debt to the company. So he does ends up borrowing from the club, with the goal of getting enough shares that he can take the club off the stock market and use it as his fiefdom.Originally posted by Spiffor
Wait, let me get this straight. The guy uses his dominant position in ManU to force the company to borrow for his needs? And once he reaches sufficient control, he'll force ManU to pay back the debt that he started for his personal needs?“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Apparently I just read that interest on Glazer's loan will run around 25 million pounds a year... that's about how much ManU will make this entire year!!! And it was half of their profit last year!!
Wow... it just keeps looking worse.“I give you a new commandment, that you love one another. Just as I have loved you, you also should love one another. By this everyone will know that you are my disciples, if you have love for one another.”
- John 13:34-35 (NRSV)Comment
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Kind of. Glazer is borrowing from banks to try to purchase the club (so not borrowing from the club.. yet, read on). Once he gets to 75% owner, he can take it off the stock market and run it as a non-market company, which means he can transfer his debt to the company. So he does ends up borrowing from the club, with the goal of getting enough shares that he can take the club off the stock market and use it as his fiefdom.
Sounds like a leveraged buyout, British style. Nothing new there.Comment
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