United thread 2012/13 (inc merged IPO thread)

[Marvin]

Re: Utd and their Failed IPO

The FT does not say it's failed. Rather delayed by days.

It's clearly in trouble though

 

[waspish]

Utd and their Failed IPO

Well if it's delayed to the scums new figures come out they'll be queuing up to buy.......Not :))

 

[Metal Biker]

Re: United thread 2012/13.

Andersred tweeting rumour that IPO is binned not postponed.

Little bit worrying. Hope the Glazers don't have to sell !

Oh dear. A massively reduced cash-pile, Glazers up to their necks in personal debt, club weighed down by bond interest. If they fail to qualify for the CL knock-out again next season then things get even worse. Chelsea should be back in the hunt next season and who knows what Arsenal, Spurs or even Liverpool might do.

 

[TCIB]

Re: Utd and their Failed IPO

The FT does not say it's failed. Rather delayed by days.

It's clearly in trouble though

I'm sticking my neck out a little here saying failed as i reckon it's dead in the water.
What with spain and the poor terms offered to potential investors and such.

Their itk's are whispering it's dead also, which may count for nothing but if they do have genuine source and say that it is funny.

They will have to try again yeah but i just don't see it really.

I am not a finance guy though Marvin, hopefully PB gives us some meat on the bone, if there is much else to add.

 

[Metal Biker]

Re: Utd and their Failed IPO

 

[Marvin]

Re: Utd and their Failed IPO

The FT does not say it's failed. Rather delayed by days.

It's clearly in trouble though

I'm sticking my neck out a little here saying failed as i reckon it's dead in the water.
What with spain and the poor terms offered to potential investors and such.

Their itk's are whispering it's dead also, which may count for nothing but if they do have genuine source and say that it is funny.

They will have to try again yeah but i just don't see it really.

I am not a finance guy though Marvin, hopefully PB gives us some meat on the bone, if there is much else to add.

andersred has tweeted that he's heard it's off.

Markets are selling off at the moment (though they recovered slightly today). The poor climate for risk and poor reaction to the IPO may make the Investment Banks underwriting the deal nervous. If individual investors don't buy the shares then the Investment Banks have to buy the shares up, and they could immediately be sitting on a loss. The Investment Banks will have indications of interest from their clients.
If the underwriting banks think they can get the deal away then they will because they receive a fee from United.

 

[Prestwich_Blue]

Re: United thread 2012/13.

Let's hope this Andersred information is accurate and not just a spin on the FT article

If it's true then I wonder on the implications for utd's Transfer window. They might conclude that they have to spend anyway. But that could only be done by more borrowing and then we're getting into a Leeds high stakes situation.

All things being equal they're probably OK for a few seasons as their revenues are reasonably solid for the moment plus there's only us and Chelsea at the moment that could realistically out-muscle them in the league. Arsenal and Spurs probably don't have enough in the tank to overtake them and cause them to go into a Leeds-type spiral.

I wonder whether the motives of the Glaers in this IPO was to protect their own financial position rather than the rags. If andersred is right they're deep in personal debt and it's causing them problems with the other members of the family.

One scenario is they could just admit defeat & sell the whole club. Or they could suck as much money out as they can to pay off their own debts and leave the rags high and dry.

 

[citysince88]

Re: Utd and their Failed IPO

Can someone please explain for us dimwitted ones, what this means, is it a minor issue or something more entertaining ?

 

[TCIB]

Re: Utd and their Failed IPO

Can someone please explain for us dimwitted ones, what this means, is it a minor issue or something more entertaining ?

From what i see, they wanna float on the ny exchange, but the stipulations are not in the investors favour.
I mean they get no control at all etc, basically not worth it for them by a long shot.

This measure is pretty extreme as a way to gain funds, well the underhand manor they used to try and get it through screams pannick imo.

So they probably could have really done with this cash and i dunno where it goes from here.
It makes them look like mugs to us and more importantly, investors are now dubious of them.

I think i'm pretty close with that.

Ahh nice one Marvin, he is their financial sector guy right ?.

Edit: lol biker, good reaction gif.

 

[Marvin]

Re: United thread 2012/13.

That FT online article isn't particularly well-written. Sounds like the investor road-show didn't happen and FT are just speculating it's been put back a few days.

I can't see any financial institution taking up shares in Utd at the moment. And hopefully the Investment Banks who would back it get the same message.

Wouldn't be a surprise if the Glazer's own business interests are under pressure. Shopping malls are a declining industry