At least three consortia are eyeing formal bids overManchester United, believing the Glazers to sell the club for $6 billion.
The Independent reportedly had many meetings between high net worth individuals and brokers since at least May. It could last a century.
Sir Jim Ratcliffe has previously expressed public interest and is widely considered to be the most likely buyer. His company Ineos, which already owns OGC Nice, declined to comment when asked if it held preliminary meetings about the tender.
United made a similar statement when asked byThe Independent if the club was for sale, as many investors believe.
The lack of public comment stands in stark contrast to the heated private debate on the issue. That's why an Elon Musk jokeon social media caused such an uproar. So many numbers are really scratching our heads about the current situation. Clubs like this are rarely "officially" on the market, but we're seeing a shift in the Glazers' stance.
A series of industry sources claim that the next year or two is likely to see the biggest acquisition in global sports history. The Glazers have so far been reluctant to accept an offer, and United themselves denied such rumors until this week, but it is understood that a number of factors have influenced their stance. 23}
Most relevant is the €5.24 billion price paid to Chelsea by Todd Boley (Clearlake Capital Group), which was largely unexpected in the industry . The figure was even more outstanding as Roman Abramovich was forced to sell under sanctions as a result of Russia's invasion of Ukraine. It was widely expected that it would cost half that amount. It was seen as a "game changer" and was noted by many within the game, including the Glazers.
Ineos' late entry into the Chelsea buying process ( eventually went nowhere), on the other hand, was interpreted as a message to United's owners. The Ricketts family, who own the Chicago Cubs, were damaged in an attempt to buy Chelsea after a report leaked an email containing anti-Muslim sentiment,but the Old Trafford club's potential The Independent's question has not yet been answered.
Prices are more promising for owners given the failure of the first European Super League project, where he was seen as one of the few remaining ways to inflate a mature market. Part of the plan was to allow the clubs involved to trade for nine to ten times their earnings, rather than three to four times the way major Champions League clubs are currently doing. Failure has brought no further stagnation. Instead, despite the coronavirus and the current economic climate, 2021 has seen more investment in European football than both 2019 and his 2020 combined. There is a fair expectation that the Glazers can get more than Chelsea, which means a big return on their investment.
lead to the factors of Glazers' debt of up to £222.8m is subject to variable interest rates.
A section of the latest quarterly report states: increase. Changes in interest rates, assuming other factors are held constant, could affect the amount of our interest payments and therefore affect future earnings and cash flows.
“We have entered into interest rate swaps related to certain of our Secured Term Loan Facilities that exchange variable and fixed rate payments to mitigate interest rate volatility. June 2021 As of March 30, we had £162.8m of floating rate debt outstanding under our Secured Term Loan Facility and £60m of floating rate debt outstanding under our Revolving Facility. , cannot be guaranteed to be effective in fully mitigating the interest rate risk of the Company's floating rate debt."
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Depending on the circumstances, we could at least theoretically see a sale of voting shares. I have.
Such uncertainty, combined with surrendering stock prices and sponsor anxiety, has led sources to argue that discussions about the future are growing among the Glazer family.
}It all takes place in an increasingly hostile club atmosphere. A disastrous summer on and off the pitch will bring greater support to protests against owners in Monday's home match against Liverpool. has been postponed, meaning security will be tightened next week. There was a sense among those involved in the Premier League that the situation was becoming increasingly unacceptable. Everything depends on the decision in Florida.
However, even if the Glazers eventually agree to sell, the process will take much longer than Chelsea.
Due diligence for a club of this size would take six months in the absence of geopolitical tensions. Then there are terms to sort on. This is why the analyst puts the sales process between his one year and his two years.
But right now it's him one of the football industry's major talking points, and there was no need for Musk's tweet for that.
