United thread 2012/13 (inc merged IPO thread)

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Bilboblue said:
Rammyblues said:
Rammy.... please expand, seen this a few times now and have no idea what it means!
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It is all to do with there new shirt and the weave pattern (t cloth style), and apparantly someone says it winds the rags up something rotten on facebook (not that I go on there). :-)
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Cheers mate......
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sorry that was me on redcafe not facebook.
sadly the thread has been deleted now, but not my account so perhaps they are mellowing
 
Marvin said:
bluemoondays said:
Could we be talking Rangers style meltdown in a few years?

Imagine them having to restart as Trafford United and Manchester United goes the way of Royal Engineers, Old Etonians, Glasgow Rangers etc :D
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Feb 2017 is a key date as this is when the bonds that were issued to re-finance the club's debt mature. But the IPO strengthens Utd's position even if it leaves 3/4 of the debt intact.

This is the 3rd time that the Glazers tried to float the club, and when it was first talked about they were talking about raising a half a Billion plus and eliminating the entire debt, but if it goes through it will be just £75mill that will be used to pay off a chunk of their debt leaving the majority intact. But debt repayment is always good

The green and yellows wont be happy because it strengthens the Glazers hold on the club.

It's a goodish result for us as it's not a solution for Man Utd. The ideal scenario for me would have been that the share issue failed entirely. Still possible that that could happen
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It's quite possible that could happen Marvin. No one is committed to anything yet and if investors don't want the shares then the underwriters won't want to be stuck with them either.

Also it seems there are anti-takeover provisions in place and the Caymans is a difficult jurisdiction to mount a takeover anyway. For one thing the Executive Share Scheme will pay out in full and that could mean £200m or more.

It certainly doesn't present us with any additional challenges.<br /><br />-- Tue Jul 31, 2012 9:22 pm --<br /><br />
Marvin said:
bluemoondays said:
Could we be talking Rangers style meltdown in a few years?

Imagine them having to restart as Trafford United and Manchester United goes the way of Royal Engineers, Old Etonians, Glasgow Rangers etc :D
Click to expand...
Feb 2017 is a key date as this is when the bonds that were issued to re-finance the club's debt mature. But the IPO strengthens Utd's position even if it leaves 3/4 of the debt intact.

This is the 3rd time that the Glazers tried to float the club, and when it was first talked about they were talking about raising a half a Billion plus and eliminating the entire debt, but if it goes through it will be just £75mill that will be used to pay off a chunk of their debt leaving the majority intact. But debt repayment is always good

The green and yellows wont be happy because it strengthens the Glazers hold on the club.

It's a goodish result for us as it's not a solution for Man Utd. The ideal scenario for me would have been that the share issue failed entirely. Still possible that that could happen
Click to expand...
It's quite possible that could happen Marvin. No one is committed to anything yet and if investors don't want the shares then the underwriters won't want to be stuck with them either.

Also it seems there are anti-takeover provisions in place and the Caymans is a difficult jurisdiction to mount a takeover anyway. For one thing the Executive Share Scheme will pay out in full and that could mean £200m or more.

It certainly doesn't present us with any additional challenges.
 
I think they have already scaled the issue back to such a small level in the hope that they can get it away - but still hard to see who would want to invest.
 
meldrew said:
Who in their right mind would invest into a company of which you will have no input whatsoever?

Hope it falls flat on its arse!
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Yep and a company that's not going to improve over the next 5 years
 
waspish said:
meldrew said:
Who in their right mind would invest into a company of which you will have no input whatsoever?

Hope it falls flat on its arse!
Click to expand...

Yep and a company that's not going to improve over the next 5 years
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Exactly, fighting a losing battle and if anyone puts in or buys into the idea deserves to lose all the money!
 
Is the offer being underwritten by a company? If so the rags will get their cash and that company will take the loss.
 
It will be interesting as to the fall out over the Chevvy deal as its highly unusual for someone in Joel Ewanick's position, to be sacked in the way he has, unless they have some serious shit on him. They say they will honor the terms, but that could mean no upfront payment, or worse a legal challenge, if the case for sacking Ewanick was so strong as make them feel untouchable in sacking him, could (with interest of the US tax man), it be also strong enough for legal action against the relevant parties involved? For example and agreed kick back to Ewanick, to allow the Glaziers to get their hands on cash before the deal is due to start?

<a class="postlink" href="http://business.financialpost.com/2012/07/31/gm-ousted-marketing-chief-over-manchester-united-contract-sources/" onclick="window.open(this.href);return false;">http://business.financialpost.com/2012/ ... t-sources/</a>
 
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