United thread 2012/13 (inc merged IPO thread)

[stony]

Still unsure how bad today is for the Glazers. Obviously the initial offering at $14 wasn't where they wanted it, but as it was underwritten they seem to have done ok from today (based on the 50% they receive, with the IPO costs apparently loaded on the club) but we still need to wait for the shareprice to reach it's own level, without the underwriters involvement, before the death knell can be sounded for them. It does appear tho, on the face of it, that $14 a share is not where it will sit once everything settles down. On that basis this may well be a slap in the face for the Glazers future plans, hopefully it's the first small step towards there departure (tho I wouldn't put it past them to have an ace up their sleeve somewhere along the line) and I'm sure all true mancunian football fans on this esteemed site will join me in crossing their fingers and praying that that is the case ;-)

As a football fan I think it's an utter fucking disgrace that leveraged buy outs are allowed in football. What the Glazers have done to your club is truly shocking and in my eyes they should be locked up and treated as criminals.

As a City fan I think it's funny as fuck and if you went under tomorrow I would have a party.

I still can't understand why your rank and file are letting bacon face get off scot free(no pun intended) His greed and arrogance lit the fire and uncle Malc and his deformed brood are just pouring on the petrol.

We often hear the phrase "no one is bigger than the club" In the eyes of united fans that's not true, they obviously think the bullying old piss can is.

 

[Rascal]

Just had a peek at Rag Cafes take on it.

1/ There is nobody on there capable of giving interpretation like the lads on here have

2/ One poster thinks MUST are socialists

3/ The Leeds supporting admin thinks Glazer has doubled the value of the club and is doing a good job...wumming at its finest

4/ the rag cunts are all thick

 

[stony]

Just had a peek at Rag Cafes take on it.

1/ There is nobody on there capable of giving interpretation like the lads on here have

2/ One poster thinks MUST are socialists

3/ The Leeds supporting admin thinks Glazer has doubled the value of the club and is doing a good job...wumming at its finest

4/ the rag cunts are all thick

I really can't get my head round that. Why would a rag go on a forum that was set up by a Leeds fan ?

 

[JM Mcr]

]Awesome. And the stock is flatlining at 14 which says the underwriters are heavily involved in buying. Today couldn't have gone much bet for a City fanr and will be tempted to keep more of the proceeds for themselves.

Serious question, why would today be a good day for City fans? It appears to be a setback to the Glazers and, if it seems to them they may not have quite the bottomless pit they thought they had to play with longterm, may surely even lead to them reconsidering their future plans?

Obviously it could be seen by some Utd fans as an embarrassing situation, so holds a fait bit of piss take value, but if I was a diehard blue I'd have preferred the IPO outcome to be a bit more positive thereby encouraging Malc n co to try n bleed even more out of their piggy bank. I presume if the price turned out to be more resilient, it's not like the Glazers would've been tempted to use any future share profits to pay down the debt - surely they'd have just continued to use it for their own purposes. As it is, if they don't have that option to rely on (and assuming further finance for buying back the bonds may be difficult in light of the lukewarm reaction to the IPO) Utd surely doesn't hold the same appeal to them it previously did?

Just a layman's perspective so my arguments are probably full of holes

-- Fri Aug 10, 2012 8:27 pm --

Oops *fullstop* (for my fellow pendants lol)<br /><br />-- Fri Aug 10, 2012 8:27 pm --<br /><br />Oops *fullstop* (for my fellow pendants lol)

 

[The Future's Blue]

]Awesome. And the stock is flatlining at 14 which says the underwriters are heavily involved in buying. Today couldn't have gone much bet for a City fanr and will be tempted to keep more of the proceeds for themselves.

Serious question, why would today be a good day for City fans? It appears to be a setback to the Glazers and, if it seems to them they may not have quite the bottomless pit they thought they had to play with longterm, may surely even lead to them reconsidering their future plans?

Obviously it could be seen by some Utd fans as an embarrassing situation, so holds a fait bit of piss take value, but if I was a diehard blue I'd have preferred the IPO outcome to be a bit more positive thereby encouraging Malc n co to try n bleed even more out of their piggy bank. I presume if the price turned out to be more resilient, it's not like the Glazers would've been tempted to use any future share profits to pay down the debt - surely they'd have just continued to use it for their own purposes. As it is, if they don't have that option to rely on (and assuming further finance for buying back the bonds may be difficult in light of the lukewarm reaction to the IPO) Utd surely doesn't hold the same appeal to them it previously did?

Just a layman's perspective so my arguments are probably full of holes

-- Fri Aug 10, 2012 8:27 pm --

Oops *fullstop* (for my fellow pendants lol)

-- Fri Aug 10, 2012 8:27 pm --

Oops *fullstop* (for my fellow pendants lol)

They've just pocketed a small fortune, do you really think they/we are worried. Think about it, less for your accounts, more for the Glazer's.

On a personal note, I think what they are doing is an afront to every football fan.

 

[andyhinch]

Where's PB when we need him most, if that Chinese is still playing up you are excused

 

[Prestwich_Blue]

Where's PB when we need him most, if that Chinese is still playing up you are excused

I'm here mate. Cast iron stomach me.

Not much more to say really. Marvin is right that it has little day-to-day impact on them. The interest bill has gone down a bit but tax will be up. Andersred now reckons it will take 4 years rather than the 2 he initially calculated to make a difference. And then they've only got 12 months to refinance the bonds. Almost certainly the share price will slip down and that will make them less valuable and give the Glazers less incentive to sell. If it had been a roaring success then they might have been tempted to sell more.

The Glazers have made some money but it probably only covers a third of the personal debt they are supposed to have taken on to pay off the PIK notes. So they've probably avoided triggering penalty clauses but they're still in pretty deep. It may be that they put the squeeze on the club, taking more cash out. They seem tos be a bit strapped anyway so thats to our advantage.

And of course this could be Baconface's last season and who knows what might happen then?

 

[andyhinch]

Where's PB when we need him most, if that Chinese is still playing up you are excused

I'm here mate. Cast iron stomach me.

Not much more to say really. Marvin is right that it has little day-to-day impact on them. The interest bill has gone down a bit but tax will be up. Andersred now reckons it will take 4 years rather than the 2 he initially calculated to make a difference. And then they've only got 12 months to refinance the bonds. Almost certainly the share price will slip down and that will make them less valuable and give the Glazers less incentive to sell. If it had been a roaring success then they might have been tempted to sell more.

The Glazers have made some money but it probably only covers a third of the personal debt they are supposed to have taken on to pay off the PIK notes. So they've probably avoided triggering penalty clauses but they're still in pretty deep. It may be that they put the squeeze on the club, taking more cash out. They seem tos be a bit strapped anyway so thats to our advantage.

And of course this could be Baconface's last season and who knows what might happen then?

You are a god amongst men and not just for coping with the Chinese your one of the few accountant types I understand cheers

 

[jrb]

Taken from SSC.

According to Vice Chairman Edward Woodward, almost all the stock buyers were in the US, very little UK or worldwide interest in the stock.

[bigimg]http://www.nyse.com/images/about/ManUSoccerStreet.JPG[/bigimg]

 

[YankeeBlue]

NYSE has announced that if MANU's stock price isn't up at the end of business, additional time will be added to trading hours until it is.