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The Official Man Utd Thread - Part 3.
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<blockquote data-quote="Philby" data-source="post: 7145655" data-attributes="member: 1802"><p>Loading a lot of debt on a football club (either as part of initial buy-out or by ramping up debt down the line) was easy when debt was cheap.</p><p></p><p>But in the current interest rate environment it's much tougher to do. As much as anything else, the rising cost of capital (at a time when Old Trafford needs a refit/replacement) will have contributed to the Glazers looking to call time on their outstanding stewardship.</p><p></p><p>A heavily leveraged buy-out now, when interest rates at 15 year high, for either club would be very surprising.</p><p></p><p>If the differential between the highest bidder and the most suitable long-term "custodian" of the club is sizeable, I wouldn't fancy either ownership group to do the right thing. Neither spend much time in either city as it is, and its pretty conceivable that neither would ever return afterwards regardless.</p><p></p><p>With both clubs on the market at the same time it's effectively like a turbo-charged transfer battle for the ages <img src="data:image/gif;base64,R0lGODlhAQABAIAAAAAAAP///yH5BAEAAAAALAAAAAABAAEAAAIBRAA7" class="smilie smilie--sprite smilie--sprite18" alt=":ROFLMAO:" title="ROFL :ROFLMAO:" loading="lazy" data-shortname=":ROFLMAO:" /> </p><p></p><p>Factoring in the required infrastructure at Utd, you'd think any potential bidder would need to factor in commiting upwards of what...£1bn extra to buy them vs Liverpool?</p></blockquote><p></p>
[QUOTE="Philby, post: 7145655, member: 1802"] Loading a lot of debt on a football club (either as part of initial buy-out or by ramping up debt down the line) was easy when debt was cheap. But in the current interest rate environment it's much tougher to do. As much as anything else, the rising cost of capital (at a time when Old Trafford needs a refit/replacement) will have contributed to the Glazers looking to call time on their outstanding stewardship. A heavily leveraged buy-out now, when interest rates at 15 year high, for either club would be very surprising. If the differential between the highest bidder and the most suitable long-term "custodian" of the club is sizeable, I wouldn't fancy either ownership group to do the right thing. Neither spend much time in either city as it is, and its pretty conceivable that neither would ever return afterwards regardless. With both clubs on the market at the same time it's effectively like a turbo-charged transfer battle for the ages :ROFLMAO: Factoring in the required infrastructure at Utd, you'd think any potential bidder would need to factor in commiting upwards of what...£1bn extra to buy them vs Liverpool? [/QUOTE]
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