Rags IPO faltering at first hurdle

[Big H]

I guess those Glazer boys will be looking to consolidate all their debts into one easy to manage payment.....now where is that letter from Ocean Finance!

It would be interesting to know how much they have spent on all this IPO nonsense. I wonder who their financial advisor is but I guess it is a sign of the times and how bad it is in Salford. Greece gets 300bn Euros and everyone knows they wont be able to pay it back but with all their "history and success" FC Salford cannot raise £200m. Carry on boys great work!

Just to drag this thread down to my level because I haven't a clue what you are all on about........there not from fucking Salford!

Thank you (from someone who used to live in Salford).
FFS - they are in TRAFFord.

[Beeks]

Stretford if we are going to be pedantic

[john68]

Stretford if we are going to be pedantic

Trafford is the borough...Stretford is now only an area of Trafford.
Has the pedant shooting season begun yet?

[Beeks]

Stretford if we are going to be pedantic

Trafford is the borough...Stretford is now only an area of Trafford.
Has the pedant shooting season begun yet?

An area in which Owed Trafford still sits

[ashton287]

The plan is designed to “attract, retain and motivate selected employees, consultants and non-employee directors”, according to the prospectus.

Some 16 million shares – worth a potential €260 million at the top end of the forecast IPO price – will be set aside for those selected to be part of the plan.

The awards will be made using a variety of schemes and if the company is taken over, a “change of control” clause will allow United to pay out the share awards immediately.


This makes it sound like the exec's are setting themselves up with a nice pay-off when they sell.

I still think the Qatar lot will be in for them after the world cup.

[DoomMerchant]

The plan is designed to “attract, retain and motivate selected employees, consultants and non-employee directors”, according to the prospectus.

Some 16 million shares – worth a potential €260 million at the top end of the forecast IPO price – will be set aside for those selected to be part of the plan.

The awards will be made using a variety of schemes and if the company is taken over, a “change of control” clause will allow United to pay out the share awards immediately.


This makes it sound like the exec's are setting themselves up with a nice pay-off when they sell.

I still think the Qatar lot will be in for them after the world cup.

these things will be worthless....some of the options may be preferred, but....95% of the total will be garbage, if not 100% of it.

[Alex Sapphire]

The plan is designed to “attract, retain and motivate selected employees, consultants and non-employee directors”, according to the prospectus.

Some 16 million shares – worth a potential €260 million at the top end of the forecast IPO price – will be set aside for those selected to be part of the plan.

The awards will be made using a variety of schemes and if the company is taken over, a “change of control” clause will allow United to pay out the share awards immediately.


This makes it sound like the exec's are setting themselves up with a nice pay-off when they sell.

I still think the Qatar lot will be in for them after the world cup.

we can't have it both ways, saying the share scheme is to keep Gill and Taggart schtum and onside and at the same time saying it includes and incentive should there be a change of control (so incentivising them to support that change). "paying out share awards" as described here isn't how these things work. They are awarded by the Board and exercised by the recipient. If there's achange of control the current owners can do a number of things including terminate the options. It does though include "golden handcuffs" which means the new owners would have to pay up if they wnated to sack them. This points back to Gill and Taggart 9and others) being "looked after" by the Glazers.

[Ted Hughes]

The plan is designed to “attract, retain and motivate selected employees, consultants and non-employee directors”, according to the prospectus.

Some 16 million shares – worth a potential €260 million at the top end of the forecast IPO price – will be set aside for those selected to be part of the plan.

The awards will be made using a variety of schemes and if the company is taken over, a “change of control” clause will allow United to pay out the share awards immediately.


This makes it sound like the exec's are setting themselves up with a nice pay-off when they sell.

I still think the Qatar lot will be in for them after the world cup.

we can't have it both ways, saying the share scheme is to keep Gill and Taggart schtum and onside and at the same time saying it includes and incentive should there be a change of control (so incentivising them to support that change). "paying out share awards" as described here isn't how these things work. They are awarded by the Board and exercised by the recipient. If there's achange of control the current owners can do a number of things including terminate the options. It does though include "golden handcuffs" which means the new owners would have to pay up if they wnated to sack them. This points back to Gill and Taggart 9and others) being "looked after" by the Glazers.

It keeps them onside whilst the Glazers do as they see fit, which unfortunately looks like it will end with them selling up sooner or later.

[Beefymcfc]

I've read that the Glazer's have changed their governance for the Rags to basically secure their ownership in case someone decides to do, well, a Glazer on them. This suggests to me that this is just the start of the sell-off and once valued (by this offering) we'll see plenty more shares hit the market.

All these changes, especially with the debt clearance etc after they pulled it, would also suggest that this is a strategic plan that has been in their minds for some while, not just out of necessity.

[Ted Hughes]

I've read that the Glazer's have changed their governance for the Rags to basically secure their ownership in case someone decides to do, well, a Glazer on them. This suggests to me that this is just the start of the sell-off and once valued (by this offering) we'll see plenty more shares hit the market.

I suppose it may suit them to sell it off gradually & pocket the proceeds.

[Beefymcfc]

I've read that the Glazer's have changed their governance for the Rags to basically secure their ownership in case someone decides to do, well, a Glazer on them. This suggests to me that this is just the start of the sell-off and once valued (by this offering) we'll see plenty more shares hit the market.

I suppose it may suit them to sell it off gradually & pocket the proceeds.

As they are doing. That PiK note, mentioned on here, just disappeared as they set-up in Delaware. If that's still in place but hidden away then that's where most of this money is going.

[sheblue]

i really dont care about them or their IPO, and i cant understand why there are so many threads on here about them.

[Slim]

i really dont care about them or their IPO, and i cant understand why there are so many threads on here about them.

197 posts, are you planning on contributing any time soon?

[Beefymcfc]

i really dont care about them or their IPO, and i cant understand why there are so many threads on here about them.

Sun Tzu, now he was interested.

[Beeks]

i really dont care about them or their IPO, and i cant understand why there are so many threads on here about them.

It's a good job noone really gives a fuck what you think then eh?

[Slim]

i really dont care about them or their IPO, and i cant understand why there are so many threads on here about them.

It's a good job noone really gives a fuck what you think then eh?

I just got a bit of carrot out from between my teeth, thought I would share that.

Also I am on painkillers, and LOVING it.

[Hazy2]

Could they be a Portsmouth or Rangers here ? All of this does seem to ride on season ticket/TV/shirts, they may well have done a Rangers and sold the future sales. I hope so.

[Dronny]

Rags are advertising corporate deals on talkshite, I thought only WHU did that?

[Socrates]

i really dont care about them or their IPO, and i cant understand why there are so many threads on here about them.

it's really quite simple, much easier than the offside rule. They are not only our historic local rivals, but also our main rivals in the battle to win the Premier League over the next few seasons. So their financial strengths and weaknesses are of great interest with regard to their ability to challenge us in the future. Hope that helps...

[Beefymcfc]

Rags are advertising corporate deals on talkshite, I thought only WHU did that?

Just goes to show how one bad season can affect a club, especially in the current climate. Even some of the loyal fans haven''t renewed their STs and I'm still not sure if they've sold their allocation yet.

I wonder how many will blame the 'Glazerites' for not renewing, or is it 'Glazerism'?