Magnier & McManus take another stake in UTD

Villain

John Magnier and JP McManus increased their stake in Man Utd yesterday to 25.49%, if they get 30% they are required to make a bid offer to all other shareholders.

They can now also request a seat on the board which would probably be granted.

This could spell trouble for Alex Ferguson who is in a bitter legal row with John Magnier over the stud rights of the racehorse "Rock of Gibraltar"

Taken from Irish Independent today.


So Is Magnier going to try and get his stake big enough that he could rock the boat for Ferguson?

Thanx 4 The Fish

Looks like it alright, hopefully it does not come to that though.

cournioni

Magnier wouldn't be that stupid. If Ferguson left he would lose the money anyway because shares in United would fall if he was sacked or anything along those lines.

Villain

Originally posted by PORNAPSTER
Magnier wouldn't be that stupid. If Ferguson left he would lose the money anyway because shares in United would fall if he was sacked or anything along those lines.

There shares value stand at 66.5 million, not a huge gamble between these 2 and I don't think they would drop that much if another top class manager was bought in.

I reckon Alex will be looking over his shoulder a lot.

Thanx 4 The Fish

Basic business 101.

If the shares in United fall, then M&M will be able to buy more shares at a lesser price and then when they go back up again, as they are bound to do, they will make alot more money. Which is what they said that they are in it for anyway.

jank

Originally posted by PORNAPSTER
Magnier wouldn't be that stupid. If Ferguson left he would lose the money anyway because shares in United would fall if he was sacked or anything along those lines.

not true at all

shares at utd will be high regardless of who is in chrage of the team

he stands to lose more money if he loses his case regarding the rock of gibraltar

Mangnier and fergie absolutly hate each other, this imo has become personal but i cant see a way out for fergie on this one other to drop his court case against him and we all know that aint going to happen at all!

Mangier is too powerfull for him anyway

then again this could just be a cover for magnier and Co. to make a formal bid for the whole club!

cournioni

We'll have to see what happens then so...

The Muppet

Originally posted by Thanx 4 The Fish
Basic business 101.

If the shares in United fall, then M&M will be able to buy more shares at a lesser price and then when they go back up again, as they are bound to do, they will make alot more money. Which is what they said that they are in it for anyway.

Share prices would only increase if the new manager was successful. It would be a big Gamble to get rid of Fergie and I cants see the Holders of the Other 75% of shares being to happy about losing the best manager the club has ever had.

Villain

Originally posted by The Muppet
Share prices would only increase if the new manager was successful. It would be a big Gamble to get rid of Fergie and I cants see the Holders of the Other 75% of shares being to happy about losing the best manager the club has ever had.

"Money talks and Bullshît walks"

JaneyMackers

These two were buying shares even when Fergie and Magnier were best buddies.


They see a talkover coming and see a profit.

If the Tampa Bay guy wants to buy the club he'll have to pay over they odd for their shares. They will make a profit. If it intimadates Fergie while they are at it so be it, I'd say he'll enjoy it.

I doubt they are trying to take over that's why they are buying up only enough.

TwoShedsJackson

If he did get the sack over this it would certainly be the most amusing sacking ever

The Muppet

Of course if the do buy it Irish celtic fans will have a team in the Premiership they can support. Think of all the players they will be able to boo at landsdown then.;)

woosaysdan

he's not getting my shares:)

The Muppet

he's not getting my shares

Nor mine either but i can's see those stopping him.

Isn't Shareholders United wonderful.;)

Thanx 4 The Fish

Unfortunately lads I don't think your two shares will help the lads all that much

The Muppet

Unfortunately lads I don't think your two shares will help the lads all that much

Its hardly the world of high finance alright.

If Cubic expressions take over at united will that be the end of this soccer forum or will it just turn into a MU forum?
My reason for asking is as we all know from numerous posts here we are all a very patriotic lot and I presume we will all feel obliged to change club allegiences should Manchester Uniter become an Irish owned club .

inaccessibleisl

Anyone who claims that Magnier and whatshisface buying Manchester United is
a good thing because they would be owned by Irish men is not a Manchester United supporter. Personally I couldn't care if United had no Irish players, or Irish history, I don't support United for their Irish ties. I support United because I love United (pre - 1993 for all you glory hunters). Why must we try and find something Irish in everything. Would you like it if an crowd of English came over to support Galway Utd and had Union Jacks & St. Georges Cross and only shouted for the English players. I wouldn't. And they definetly don't like us going over waving our flags in their faces.

Magnier taking control of United would be a disaster. Fergie is a legend, wether the court case is greedy or not, it has nothing got to do with everyday United fans and the club itself.

Villain

Fegies getting old do and one day in the not to distant furture he will retire

inaccessibleisl

Took me a few goes to understand what you said but in reply to that:
NEVER!

johnor

All thoose rumours that magnier was behind the 'dirty tricks' campaign, if he was perhaps it was to lower the price of shares? I dunno whether the price dropped when all thoose rumours started or not, I would have thought it would have some effect...

25% is a very large stake, I wouldnt like this cubic expression to be in control of united only becase they could sell it on whenever they wanted. I think one of the reasons Abramovich didnt take over united was because he said there would be too many different parties to deal with. Very difficult club to take over in the same way he did at Chelsea.

john

The Muppet

Originally posted by johnor


25% is a very large stake, I wouldnt like this cubic expression to be in control of united only becase they could sell it on whenever they wanted. I think one of the reasons Abramovich didnt take over united was because he said there would be too many different parties to deal with. Very difficult club to take over in the same way he did at Chelsea.

john

If they go above 29% under stock market rules they have to offer to buy out the other shareholders. They are getting close to that now but its difficult to see what is really happening. The really sceptical could even say the whole horse thing is a ruse to lower share prices for a takeover. Who Knows?

What I would like to know is why mc Manus who is an arsenal supporter wants to buy United. I assume its to make a profit on his investment but if they are trying to get rid of ferguson that will have a definite negative effect on their investment in the short term at least.

Ronaldo7

they are in it for money to make a profit. Please dont ask me for a quote as i dont have one, but their businessmen and thats the ultimate goal. Man Utd are surely going to make much more profit than Arsenal will hence why he chooses to buy shares here.

eirebhoy

The club is supposed to cost £650mil, if they have that money I don't understand why they want to make more. I would be over relaxing in the south of France with a few drinks. Oh the joys of money.:p

Nedrac

Originally posted by PORNAPSTER
Magnier wouldn't be that stupid. If Ferguson left he would lose the money anyway because shares in United would fall if he was sacked or anything along those lines.

If Magner and McManus are trying to buy MUFC then there plan is to let fergie go so share prices go down, i.e. the spend less money.

Or else they don't wanna take over MUFC and meerley see it as a business investment considering the prospective take over by Tampa Bay Bucaneeres owner.

Ned

Nedrac

What if Fergie did walk who do you see taking over as manager???

Erikson?????????

Nedrac

Originally posted by TwoShedsJackson
If he did get the sack over this it would certainly be the most amusing sacking ever

I didn't know {or think} that you could sack some one if you didn't like them.
Actually i know you can't. ;-(

red-not-blue

Oh NO ! Please don't go in that direction . . . please !!!!

R-N-B

AmenToThat

Originally posted by inaccessibleisl
Magnier taking control of United would be a disaster. Fergie is a legend, wether the court case is greedy or not, it has nothing got to do with everyday United fans and the club itself.

What a great situation may they both rip each other to pieces in the public in the commng months.

JaneyMackers

They are after profit. If they wanted the club it would be well known.

The price is rising and with other people interested in the club they know the more shares they have the stronger the position there are in.

Any individual wanting to buy the club will need their shares. The profit they would likely makes may seem like a small amount considering their worth but this is simply a high profile part of their share dealing amoung what i'm sure is a huge protfolio of stocks.

[DF]Lenny

well said JM ..is Glazier the real snake in the grass or that Dutch guy..maybe they are just trying to flush him out.