Glazer closing in on ManU ownership

[johnny]

Originally posted by Memnoch: 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 ?

[Lanesra]

Originally posted by Memnoch: 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?

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!

[Davros]

U-S-A! U-S-A! U-S-A!

[johnny]

Awww look...the Frenchies are enjoying themselves.

[johnny]

It gets better and better

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

[Memnoch]

Originally posted by Lanesra: quote: Originally posted by Memnoch: 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?

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.

[/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.

[Charlie]

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 ]

[johnny]

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

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.

[Charlie]

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 ]

[Bahamut]

You have a point Charlie.

Reality bites.