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Glaziers To Sell Stake In Utd ?

Glaziers to sell stake in United to raise funds for wiping out debt.

Rumour has it that the Glaziers will sell between 15% and 25% of their shares to raise the funds to pay off some of the debts incurred when they bought the club.

United is valued by them at 1.7 billion, which is a huge markup on the 800 million they bought the club for back in 2005.

IF this comes off and the club is seen as debt free - then what spending power will we have in the transfer market?

Mounting specualtion is that the club will be listed on the Hong Kong Stock Exchange increasing the value of the club.

I have mixed views about this rumour - it could be a very good situation for us to be in - but in all honesty would another takeover occur?

Our recent spending spree supposedly financed by the Qatari Royal Family, has seen us buy in some very good youngsters - ones for the near future, but I still feel we need a 'marquee' signing.

Considering the Blue half of Manchester being owned by very rich Arabs, how would we feel about a possibilty of the Qatari Royal Family owning the shares the Glaziers are supposedly going to sell?

Maybe a complete takeover is on the cards, and the Glaziers are just trying to be shrewd and get a much for themselves from the club as possible?

Written by Niteworlok




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The Journalist

Writer: Niteworlok Mail feedback, articles or suggestions

Date:Wednesday August 10 2011

Time: 8:58AM

Your Comments (oldest first)

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It would indeed be very good for United, Glazer would not only be able to make a huge profit, but also pay off the heavy interest bearing debt. It also much more likely that a 25% share is easier to sell that the entire club. A sale would benefit all parties. However a shareholder would expect a return either in dividends or as in increase in sharevalue.
nordkap
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10/08/2011 10:59:00

Very clever bit of business by the Glazers. They get to keep their stranglehold on the club firmly in place and clear the debt. The only cause for concern I have is if the Glazers did choose to sell who would they sell to?
TheFamousNo7
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10/08/2011 12:06:00

Still not heard an update on this - anyone else heard anything??
niteworlok
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12/08/2011 12:20:00

No sorry. I would still like to know whether the PIK loans were ever truly paid off or not.
TheFamousNo7
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12/08/2011 12:54:00

 

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