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Early today, I asked @andersred, @MU_ST's finance director (whose day job is in the world of investment), when the @premierleague will wade in with its Owners and Directors test... 🧵
#MUFCTakeover #MUFC #UTFR
#MUFCTakeover #MUFC #UTFR
The Owners and Directors test is mentioned Section F of the PL Handbook. You can see the Handbook in its entirety at the link below. Section F starts on page 71 of the PDF (the page number in the doc itself is 141).
resources.premierleague.com/premierleague/…
resources.premierleague.com/premierleague/…
Section F. 1 lists the numerous elements that would disqualify an owner or director. It has most of the things you might imagine... connections with other clubs, criminal activity, etc. It's just a couple pages and is worth reading.
I don’t have inside track, but a few thoughts on reports of Ineos bidding for MUFC at a higher valuation than Jassim….
There is no need for any bidder to buyout the non-Glazer minority. It’s also often said that Joel and Avram Glazer don’t want to sell and the other siblings do. It sounds from reports in recent days that Ratcliffe has offered J+A the chance to keep a minority stake.
That’s clever as he can’t match the resources of Qatar, and it allows him to offer the Glazer family members who DO want to sell a higher price for their shares with his more limited funds.
The proposed @manutd share scheme, a thread....
First of all, for full disclosur, I've had no involvement in the negotiations between @MU_ST and the club. I've advised the trust in the past but not on this occasion. What I know about the share scheme is what I heard on the members' call last night.
Worth taking a step back and remembering how hard it is going to be to get meaningful supporter ownership of United. It's valued on the stock market at c. £1.5bn, so a 10% stake would cost £150m and a majority stake over £750m.
