Manchester United Banter Archive October 16 2018

16 Oct 2018 09:45:41
Morning ed. With the news that the Saudi prince is interested in buying us, the potential take over hasn't gone down well with large parts of the fan base, many of whom would wash their hands of the club. Without getting into the murky waters of morals and ethics, I have a question.

Could or would the Premier League step in with their fit and proper person criteria and stop such a takeover considering the potential upheaval it could cause the club? Or is our position on the NYSE leaving us open to a takeover and the Premier League would be helpless to intervene (even if they wanted to)?

Thanks.

{Ed002's Note - Upheaval would not be a valid reason to say a Saudi Prince was not a fit and proper person. It is nothing to do with the NYSE.}

16 Oct 2018 10:19:09
I don't think you would have to look hard to find a valid reason to object to their potential ownership.

16 Oct 2018 10:40:28
City got took over twice by people with dubious reputations with no problems. I don't think the Saudis would have any problems either.

16 Oct 2018 10:43:03
There is probably means and ways around the fit and proper persons test if they wanted to make it happen.

16 Oct 2018 10:16:57
is there genuine interest from the Saudi Prince in buying Utd ED002 or is it just a false story/ rumour? (heard you have a strong form of telepathy)

{Ed002's Note - If the club were for sale there would be interest from a number of parties - but that would be entirely dependent on how it were to be sold, and critically what ever means would give the best return from the owners.}

16 Oct 2018 10:33:47
or are the Glazers looking to sell up or be open to a sale? should have sent it with the previous questions, my bad Ed.

{Ed002's Note - The club is not being offered for sale at this time.}

16 Oct 2018 11:43:29
Thanks ED002.

16 Oct 2018 15:47:38
Reports now are saying any bids over £4 billion would be considered. 😆😆.

17 Oct 2018 08:53:08
The Glazers still control 90% of the stock, or thereabouts, so, notwithstanding our public company status, we are effectively a private company and any takeover/ merger is dependent on the desire of the controlling shareholders to sell at the price offered. If a Saudi prince were to purchase Manchester United he would probably delist it and take 100% control. The NYSE does not bar Saudis from owning stock in listed companies anyway.