Site Meter

Investors decide: Glazers WILL sell United to Qatar

It’s only a matter of time according to savvy investors. Manchester United’s £250m of 8.75 percent notes due 2017 have gained 5.59 pence since February 8 amid media speculation that the club is in talks with Qatar Holding for a sale. The Arabian website reported today that “Bonds of Manchester United rose to a record high amid speculation the 18 time English soccer champion may be sold to the Qatari royal family.”

The Qataris are known to always get what they set their hearts on. They wanted the British institution Harrods which has been described as ‘the Manchester United of Department Stores’ and they got it. Qatar was determined to obtain the FIFA rights to stage the 2022 World Cup and despite huge obstacles, they succeeded. The Qatar Royal Family now have their eyes on one of the world’s biggest sporting brands and it appears to no longer be a case of ‘if’ but ‘when’ before the Glazers succumb.

An analyst at Evolution Securities Ltd. in London., Jonathan Moore said “A lot of investors expect the Qatar deal to happen now, as a result, you would have a stronger owner financially with no real concerns about them taking cash out of the club plus, a new owner might decide to take out the bonds, which would mean paying a premium.”

The Qataris were offering £1.6bn compared with the £1.8bn demanded by the Glazer family the Daily Mail reported on February 13. Club CEO David Gill told Arabian Business in January that the brand is worth close to $2bn. The Glazers loaded the club with debt in their 2005 leveraged buyout and are despised by United fans because of the strain they’ve put on the team’s finances. The club also has $425m of bonds due 2017.

As is to be expected with these type of high finance negotiations, the owners spokesman Philip Townsend insists that no approach has been made to buy the club  and that it’s not for sale. United has been the best performer in the Premier League since the Glazer’s 2005 takeover, winning three straight championships between 2007 and 2009 and the 2008 Champions League.

Do you expect a sale to be finalised by the end of the season?


No Responses to “Investors decide: Glazers WILL sell United to Qatar”

  1. Andy says:

    Just wait and see, we have heard alot over the last 3mths on this Qatar family wanting United but nothing has really developed but more speculation, media stories and price tags of £1.5b to £1.8b. If the Qatar royal family really want the greatest club in football Manchester United, than at some point they will make their move, just wait and see. Me personally, I’m not really bothered either way as we are a well run club with strong financies and a bright future, Glazers or Qatar? doesnt bother me.

  2. RedScot says:

    What a “buggers muddle” this whole fiasco is.Its just getting dragged out now.
    I understand, the need for secrecy and confidentiality in these matters.Trying to get to the root of the sources, is nigh impossible.
    The thing that will, putting it politely, will piss of Manchester United supporters is the fact, the Glazer purchased ;)for a inflated price of £829 Million, and will make a very desirable profit,for what?
    Nice work if you can get it !.Be carefull what you wish for I think,it springs to mind rather easily on this occasion.Arabs (Greeks) bearing gifts.?
    My feeling on the future, is this, I will borrow, a marvellous gentlemans quote on this occasion.
    “Now this is not the end.It is not even the beginning of the end.But it is, perhaps,the end of the beginning.

  3. RedScot says:

    Good result for the Spuds tonight, the Old lady, has opened her legs. lol
    Fight Fight. 🙂 Classic, Gatusso, he is a class act. Not.
    Soz, totally of topic.

  4. Andy says:

    We was worth the £800m when Glazers bought us in 2005 and we are worth £1.5-2b now. Manchester United are the biggest most famous and best supported club in the world, we are the most valuable club in sports and are only getting bigger, better and stronger. The estimated value of United is £1.5b and it is only increasing. Will Qatar buy United?, wait and see.

  5. RedScot says:

    @ Andy, not entirely true mate, your valuation of the Club, when the hijackers, robbed the club.It was as I posted £829 Million.
    How can United be worth more than double, of the initial over inflated price they bought the club for? Its gone mad makes no sense to a simple Scots lad.
    We are a huge club , I have never argued this fact.Its Manchester United.
    I think we will, as you say, I did, say that”wait and see” in my post, mate if you read carefully.
    A lot of my posts are cryptic.To make you think. Never ever any harm.

  6. Frank Scicluna says:

    Red Scot, I hate to disagree mate but if Liverpool were worth £400m at a knock down price why not four times as much for the worlds leading sports brand? Makes sense to me.

  7. RedScot says:

    @ The Boss, lets go for Blackburn at £ 30 Million, sound investment, dont you think. More chicken farmers, cluck cluck. 🙂
    Its all above my head, I just love United, and I dont see the end to this, state we are in.
    I want the best for United, i have never hidden, this fact. For me its not with the Glazer as the custodians.
    it makes no sense, I have stated my case on here, as on many United forums, what have they brought to Manchester United?
    Liverpool are crap boss, another load of Yanks with no idea, check the history, of of manipulation and corruption.
    its all gone tits up.New Liverpool owners, history of same?

  8. Baldrick says:

    I just soooo want this to happen. I live in Qatar. I want a United Megastore on my freekin doorstep so the post office don’t rob me every time a new shirt comes out 😉

  9. RedScot says:

    I think Baldrick takes the piss out of the subject and its meaning. 🙂
    I guess we all do, because we have “no” influence over the direction it will go too.
    I am sitting here, with my nice new “AON”shirt and its an original,from India.Innit 😉



Show Love!