The Glazers could be in trouble. I've just read an article in the FT saying that US retail group Sears may be facing big financial difficulties. Sears own Kmart, who are one of the big tenants in many of their shopping malls. If they go under and/or pull their stores from the malls, the First Allied business could collapse. As I've said before,it's believed to be heavily leveraged, with big loans taken out against the malls and its also entirely possible that they've had to put up United shares as security for some of their lending. If that's the case (although there's no proof of this) then it could potentially impact the rags in some way. No one really knows what their situation is as they've hidden the key companies behind secrecy walls in Delaware & the Cayman Islands but the rags' shares appear to be the only decent assets they have after the malls themselves (which are heavily mortgaged).
Going to be interesting to see how that one plays out.