All the details

Not sure what to think of this.... he doesn't know jack about football, and he actually has to borrow millions and millions to close the deal, which will be ManU's debt to him once it's settled. What on earth does this guy want with the club ? Does he actually care, or will he suck it dry ?

Yeah, there has been a lot of controversy about this. Man Utd will likely have to sell a lot of big named players - and this deal is not appreciated by most football fans here in the UK.

And forget about vacations or winterbreaks, he'll send them on tour through the US and the middle east. He's going to turn it into a friggin circus.

Or me.

Grrr!

ManU will have a huge debt. I wonder how is he gonna pay it off?

This will be a nice drama. :D

How will he pay it off ? Easy... by selling v. Nistelrooy, Ferdinand, and Rooney to the highest bidders and replace them with cheap garbage.

Maybe Rooney will go back to Everton?

Muahahahahahaha

How will he pay it off ? Easy... by selling v. Nistelrooy, Ferdinand, and Rooney to the highest bidders and replace them with cheap garbage. </font>[/QUOTE]Not Ferdinand, he already said he wish to keep Ferdinand in the team. Not sure about the rest. There are news about Cristiano Ronaldo going to Real Madrid though.

Btw, I think he does know something about football. Put the ball on the ground and kick it. There! That's football :D

Just thinking over this again, I should really be glad shouldn't I, as an Arsenal fan. :D

He has said he is keeping Sir Alex Ferguson for the next season in a bid to keep the fans happy, but if he doesn't win the Premiership he will be gone. Bookies have already put up a list of favourites, Martin O'Neill being one I think.

Well this will be a fun thing to watch, unless your a Man Utd fan.

One thing i know for sure though....mr. Glazer better not show his face in or around Old Trafford without an army of police officers to protect him. It may be his club on paper, but he'll never be able to mingle with it's fans. They'll rip his head off. :D

I do believe there are lines that SHOULD NOT be crossed...

I do not see the point. I mean there is more at stake than money... by Glazer taking over Man U, he is just not taking away its prestige; in my opinion it's an insult to Europe.

I love Man U the way it is. That's it. [img]smile.gif[/img]

If I were as rich as Abramovich and such I wouldn't do such a thing because I am no European. It is just my principles I suppose... :(

Sod Man U. Think about the Palace.

Pffft...even i could buy that club. [img]tongue.gif[/img]

It's not an insult to europe, that's a bit too much. Most people outside Britain couldn't care less what happens to ManU, or whatever English team for that matter, so it's more an insult for British football, which shows by the reaction of the fans all over the country. The rest of footballminded Europe is merely watching this with interrest, some might even hope that this will be the downfall of the evil red empire. :D

If only we could buy our own ground back from Noades!
http://www.football365.com/teams/cry...y_147619.shtml

[ 05-14-2005, 01:19 PM: Message edited by: Charlie ]

Well you have a point johnny. hehehe [img]smile.gif[/img]

But then there is nothing American about Manchester United... I mean it's not Tampa Bay. :D

If he takes over I hope he does what Abramovich is able to do with Chelsea...

I donno, Abramovich got money to burn. Glazer does not.

How will he pay it off ? Easy... by selling v. Nistelrooy, Ferdinand, and Rooney to the highest bidders and replace them with cheap garbage. </font>[/QUOTE]Not Ferdinand, he already said he wish to keep Ferdinand in the team. Not sure about the rest. There are news about Cristiano Ronaldo going to Real Madrid though.

Btw, I think he does know something about football. Put the ball on the ground and kick it. There! That's football :D </font>[/QUOTE]Does Glazer even know who Ferdinand is? :D

On another note, how does Glazer expect to get 100% control of the club if 25% of it is in the hands of supporters who hate his guts? He's bought out the big investors like McManus etc and now has close to 75% I heard. But how can he compel the remaining 25% to sell?

As far as i know he needs 90% to gain total control. Not sure how he gets it, but he's pretty determined, he's been at it for the last 4 years, so i don't think he'll give up now, wouldn't you think ? His son is gonna take care of the day to day business once it's settled, so i doubt he'll be around much himself.

Btw...have you heard about that Turkish businessman trying to become owner of Liverpool ? First thing on his agenda is change the name into Istanpool, wouldn't that be something ? :D

when he gets 75% he can take the shares off of the stock exchange. he can decide not to pay any dividends so the shares will just be scrap paper. when he gets 90% he can force the other 10% to sell to him at 300p per share. if they don't sell they lose all value.

i tried to speak yo donut about this but he is laughing so much i can't get any sense out of him. he just keeps chanting U-S-A! U-S-A! U-S-A! ;)

U-S-A! U-S-A! U-S-A! :D

Awww look...the Frenchies are enjoying themselves.

It gets better and better

[ 05-17-2005, 06:32 AM: Message edited by: johnny ]

when he gets 75% he can take the shares off of the stock exchange. he can decide not to pay any dividends so the shares will just be scrap paper. when he gets 90% he can force the other 10% to sell to him at 300p per share. if they don't sell they lose all value.

</font>[/QUOTE]So basically if he controls 75% he basically owns the club, is that right? If he doesn't pay dividends, turning the remaining 25% of shares into scrap, wouldn't that lead to a revaluation of the club? Sounds kind of strange.

F**k Man U. Welcome to the real world. Glazer is a BILLIONAIRE in his own right, he could buy and sell Man U regardless....this is his new toy.

EDIT: UP THE PALACE! (Don't forget)

[ 05-17-2005, 03:23 PM: Message edited by: Charlie ]

You call that the real world ? Whenever some rich shmuck gets bored and decides to buy one of the world's biggest clubs, just because he can ? I think it's a nightmare.

I think it's what happens....it's the real world, welcome. You think every club owner is there for the good of the club? I think it's something that's happened to a thousand clubs a hundred times over. Worlds biggest club...so what?

EDIT: UP THE PALACE!

[ 05-17-2005, 03:09 PM: Message edited by: Charlie ]

You have a point Charlie.

Reality bites.

when he gets 75% he can take the shares off of the stock exchange. he can decide not to pay any dividends so the shares will just be scrap paper. when he gets 90% he can force the other 10% to sell to him at 300p per share. if they don't sell they lose all value.

</font>[/QUOTE]So basically if he controls 75% he basically owns the club, is that right? If he doesn't pay dividends, turning the remaining 25% of shares into scrap, wouldn't that lead to a revaluation of the club? Sounds kind of strange. </font>[/QUOTE]When he owns 75% of the shares, he has total control of the club. Any issues that need a shareholder vote, only need 75% of the vote to be approved. Therefore the shareholders of the remaining 25% have no influence over how the club is run. Glazer could, if he chose, delist the company (ie turn it back into a private company), and this would mean that the minority shareholders do not have a market on which to sell their shares. If he owns 90% of the shares, he can force the remaining shareholders to sell their shares to him.

The fans may be upset, but they have to accept the fact that as soon as the club listed (turned into a plc), it was effectively for sale. Rather than complaining that a yank has now come in and bought lots of shares, they should have organised themselves years ago. If the fans had between them bought 25.1% of the shares, they would hold a blocking shareholding that would have severely restricted the ability of Glazer to control the club, and probably dissuaded anyone else from trying to buy the club.

One would almost forget that it's about football, which is supposed to entertain people instead of pissing them off.

Football sometimes pissed people off rather than being an entertainment too you know? Especially after a bad result. ;)

Glazer has confirmed he's taking the club off of the stock market in 14 days. Looks like they've gone from debt free to debt riddled in one fell swoop. I'm not keen on Manchester United, but I must admit this whole affair kinda sucks.

UP THE PALACE!

And on top of that we got robbed of the cup!

At least you get to play against West Ham again next year. :D

Grrrr [img]tongue.gif[/img]

Glazer was questioned by British reporters last night. He stood there, jaw hanging with the most ridiculous smile on his face, I'd say he even appeared retarded, he looked ready to dribble.

He didn't even say so much as "no comment". It was a perfect opportunity for him to alleviate some of the fears of the tens of thousands of British and worldwide fans. Evidently he didn't think they were worth the effort.

As a United fan, I'm pretty annoyed about it all, but I don't think it's as bad as people are making out. I'm sure Glazer's an astute businessman and wouldn't be spending £800m on something that he didn't think he could turn into a success. Talk of having to sell all the best players is a bit absurd, I think.

That said, it's sad to see my team get taken over by somebody like this. Although the old board didn't really care too much for the team either, at least they sat back and gave it some leeway. Glazer's going to be totally ruthless as far as passion and fans' rights go.