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Transfer speculation

DIER LATEST

Manchester United are considering a final huge take it or leave it £60million offer for Eric Dier, according to the Daily Mirror.

The Manchester Evening News reported last week that Dier's eagerness to move to United has intensified in recent days, which could play a part in Tottenham’s decision regarding his future.
 
DIER LATEST

Manchester United are considering a final huge take it or leave it £60million offer for Eric Dier, according to the Daily Mirror.

The Manchester Evening News reported last week that Dier's eagerness to move to United has intensified in recent days, which could play a part in Tottenham’s decision regarding his future.

Id add another £20m on to the price if he is trying to force it.
 
DIER LATEST

Manchester United are considering a final huge take it or leave it £60million offer for Eric Dier, according to the Daily Mirror.

The Manchester Evening News reported last week that Dier's eagerness to move to United has intensified in recent days, which could play a part in Tottenham’s decision regarding his future.

Maybe if they stuck a 1 on the front of that figure Levy might consider it.
 
If they let us borrow a champions league trophy for our new stadium then let's do it .. since we are talking silly buggers
 
Absolutely fine by me, mate. :p



I didn't say they were in for the 'short term', or wanted to make a quick buck, per se - I don't think anyone can really say that after sixteen years of waiting for them to triumphantly swan off (your own experiences may vary :p ) and finding them instead grimly sticking on, year after year. :p I do think, however, that they are coming up to the point where selling becomes an attractive option. You're certainly right in noting that they haven't taken money *out* of the club as many more ghoulish owners have at clubs across the land, and that speaks well of their fairly long-term planning - but, despite that, their exposure to risk in terms of pursuing grand projects at the club is almost zero, because the purchase price they paid to buy us (50-75m quid in total, I believe) would be dwarfed by the profits they would make if they cashed out at any point whatsoever - even if we were struggling with an unfinished stadium as a deadweight around our necks, the sheer financial power of the Premier League will ensure that anyone who tries to buy us from ENIC will end up paying a much larger price than the one they paid to buy us in the first place. Thus, there is no risk involved in owning us - the only question is the maximisation of the profit they can expect upon selling us on, and that price point is (I think) approaching now as the stadium nears completion, our global profile grows and the NFL prepares to shack up at our new place for ten-odd years.



Again, I don't think there is that much of a risk to them personally, because the club exists as an entity that requires no personal or financial input from them, and guarantees them a profit regardless of the state it's in when they eventually do sell it. That's just the reality given the price they paid and what we're worth now. If you measure risk in terms of the scale of lost profits, then perhaps you might be on to something, but more often than not the conventional understanding of the risk involved in holding an asset is based on the idea that it might cause you losses if you mishandle it - ENIC will suffer no losses from owning us, only (potentially) a smaller profit if the stadium project turns out badly. So why not go for broke, given that the place is being built with our own money anyway?



Sure - that's a reasonable opinion to have, and we're both basically speculating on when the club's value will peak - not about ENIC in particular. We're just assuming that ENIC will sell when we hit our peak in terms of value - you think that is some way away, I think it's about to arrive as the stadium is completed and the NFL rolls up to host their one-game-a-year. The essential principle - which is that ENIC will sell when our maximum value is reached - is, I hope, something we both agree on. ;)

Sorry for the delayed response. I don't agree that this investment is risk free. Look at all of the other clubs that have failed to do what they have set out to do, including the ones that have gone under. The point is that it appears risk free because of the way that they have run it, but that is over-simplifying the role that Levy has had. It is through his excellent management that things appear risk free. We could easily have chased success by overspending. We didn't. We could easily have not achieved a title winning squad. We didn't. We could easily have sold some players for less than what we eventually sold them for, but again we didn't. In my mind, ENIC have taken on enormous risk in buying us in the first place, and deserve every penny they get if they so wish to divest.

Put another way, Sugar is no fool when it comes to business, yet he couldn't make it work. Therein lies the risk. The fact that the only clubs that have been able to break into the top 4 in the EPL have all been foreign owned symbols of wealth (Chelsea and Emirates Marketing Project) with only the remaining big clubs making up the rest (Man United, Arsenal and Liverpool) and you get to the real indication of just what a good job they have done.

Personally I don't think they will sell until they have had enough of football. The growth shows no signs of stopping, and therefore they won't achieve top dollar that they could have if they continued. They have completely run this club as a long term investment with the club's future as its focus. At no point have they put their own needs before the clubs, and that is why I think so highly of them. Sure they could have invested more, but who am I to ask that. They could have taken more risk, but what other clubs have done that with any real sustained success. There aren't any examples.

The stadium will bring in much more revenue and put us on a more even footing against those clubs that we are competing against. It was needed, but they could have done it on the cheap. They didn't which is another example of them putting the clubs needs first rather than cutting corners for a more improved profit on exit.
 
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