Moyesy:

Sir Kones:

we are selling 8,333,334 Class A ordinary shares

Sir Kones:

selling shareholder named in this prospectus is selling 8,333,333 Class A ordinary shares

Sir Kones:

We will not receive any proceeds from the sale of any Class A ordinary shares by the selling shareholder

Point? Just be forthright, please.

http://7cantonas.com/2012/08/sir-alex-ferguson-refutes-ipo-allegations/ Above is what Sir Alex has had to say, there's a whole lot of 5hit stirring going on and half truths and trying to soley focus on the Negatives, i dont not believe SAF would do anything to jepoardise this club

To the OP, your answer can in fact be found here:

"Unless otherwise indicated, all information in this prospectus relating to the number of our Class A ordinary shares to be outstanding immediately after this offering excludes 16,000,000 Class A ordinary shares that will be reserved for future issuance under our 2012 Equity Incentive Award Plan and the Class A ordinary shares to be granted to members of our executive team upon consummation of this offering. See "Management — Employment or Service Agreements."

In other words, the 8333333 shares you quoted are only those that are available for purchase by the PUBLIC. An extra 160000000 shares have been reserved for internal staff including senior management and the glazers. Think that is where the money is leaking out of the club.

While I commend individual research, there is a good reason why the summarizations are left to the professionals my friend

We will not receive any proceeds from the sale of any Class A ordinary shares by the selling shareholder. This statement simply say the Glazers which are the selling sharehoder will pockect their proceeds. To prove divide 14.0 mill by 8,333,334 shares you will get 16.92 being the price of the shares after deducting issuing expenses.

Sir Kones:

we are selling 8,333,334 Class A ordinary shares

Sir Kones:

selling shareholder named in this prospectus is selling 8,333,333 Class A ordinary shares

Sir Kones:

We will not receive any proceeds from the sale of any Class A ordinary shares by the selling shareholder

It is all anti-Glazer stuff so people jump the gun on what will happen it is childish, you should be praised for actually DOING RESEARCH! So here. I think Sir Kones had a nice post!- sir buckles

Fergie seems happy enough with the Glazers, and I think he would be out of there if not.......

bevninja:

The Must site guided you to the first registration submission of the F-1 form, if you go back to the SEC Gov site and search for the Amendment 2 to the F-1 registration submission by United you will see that the latest proper financial reports in the media are in fact true.

Nope. Use the link I provided for the SEC Filing, it is Amendment 2, filed July 30th.

eoinmadden2:

Sir Kones:

Ok, you've seen what every journo is writing....and you may or may not have listened to andersred's recent podcast which featured two representatives from MUST (Manchester United Supporters Trust) or maybe you even have visited joinmust.org .

The big thing everyone is saying, that we as supporters are supposed to get most upset about, is "Glazer's are pocketing half the money", but is this true, and if not, why are we being lied to???!

I started doing some of my own research, because I found it somewhat odd that in all the media outlets, everyone is throwing around a lot of details about the IPO, but when it comes to the part about the Glazers, it all gets rather vague doesn't it?? Pretty much every source says the same thing word for word "half going to debt and the Glazers will pocket the other half". Why so vague? Why no specifics? Why no use of the actual wording that tells us the Glazers will pocket half? I mean, surely the IPO prospectus doesn't use the terms "will pocket half the proceeds", right? As I said, it seemed odd to me that no details were being provided on the crux of the whole fuss.

So I was hoping to find the actual IPO filings, so that I could read the terms myself.....but first thing I wanted to do was research MUST, find out what their stake is in all of this. Upon visiting the MUST website the very first thing I see is a link to the SEC filing on the IPO, dated July 30th. I open the link and found the section of the filing regarding use of proceeds. That section appears below, word for word (I have made a few very relevant lines bold):

USE OF PROCEEDS

In this offering, we are selling 8,333,334 Class A ordinary shares and the selling shareholder named in this prospectus is selling 8,333,333 Class A ordinary shares. In connection with the sale by us, we estimate that our net proceeds from the sale of our Class A ordinary shares in this offering will be approximately $141.0 million, assuming an initial public offering price of $18.00 per share, which is the midpoint of the range set forth on the cover page of this prospectus, and after deducting estimated underwriting discounts and commissions. Expenses of this offering will be paid by us with existing cash on hand. We intend to use all of our net proceeds from this offering to reduce our indebtedness by exercising our option to redeem and retire $116.8 million (£73.0 million) in aggregate principal amount of our 83/8% US dollar senior secured notes due 2017 at a redemption price equal to 108.375% of the principal amount of such notes and £8.3 million in aggregate principal amount of our 83/4% pound sterling senior secured notes due 2017 at a redemption price equal to 108.750% of the principal amount of such notes, plus, in each case, accrued and unpaid interest to the date of such redemption. In addition, upon consummation of this offering, our senior secured notes previously purchased by us in open market transactions will be contributed to MU Finance plc and retired. A $1.00 increase in the assumed initial public offering price of $18.00 per share, which is the midpoint of the range set forth on the cover page of this prospectus, would increase our expected net proceeds from this offering by $7.8 million, and correspondingly would increase the amount of our pound sterling senior secured notes that we will redeem and retire in connection with this offering by £4.5 million. A $1.00 decrease in the assumed initial public offering price would reduce our expected net proceeds by $7.8 million, and correspondingly reduce the amount of our pound sterling senior secured notes redeemed and retired in connection with this offering by approximately £4.5 million (if the initial public offering price is $17.00 per share). A $2.00 decrease in the assumed initial public offering price would reduce our expected net proceeds by $15.6 million, and correspondingly reduce the amount of our pound sterling senior secured notes and US dollar senior secured notes redeemed and retired in connection with this offering by approximately £8.3 million and $1.0 million, respectively (if the initial public offering price is $16.00 per share). A $3.00 decrease in the assumed initial public offering price would reduce our expected net proceeds by $23.4 million, and correspondingly reduce the amount of our pound sterling senior secured notes and our US dollar senior secured notes redeemed and retired in connection with this offering by approximately £8.3 million and $8.2 million respectively (if the initial public offering price is $15.00 per share). We will not receive any proceeds from the sale of any Class A ordinary shares by the selling shareholder.

Tell me, where in that does it say the Glazers will pocket half of the proceeds? In fact, if you read the lines I made bold, it seems to explicitly say the opposite, doesn't it? Now, you tell me, am I misunderstanding something, or does it seem like every news outlet and MUST are telling us the opposite of what it actually says in the SEC filings? Are many people being played like a fiddle? Being manipulated?

Give me your take on it, and please, only focus on what I've presented here, because I know how easily this subject can get off the topic-at-hand.

Here you can find the SEC filing so you can read it for yourself: http://www.sec.gov/Archives/edgar/data/1549107/000104746912007537/a2210287zf-1a.htm#cm71301_use_of_proceeds

id say some journalist who supports liverpool thought it would be a good story if a "Source" said that the Glaziers are pocketing half. and everyone copied him because it makes good reading

The Must site guided you to the first registration submission of the F-1 form, if you go back to the SEC Gov site and search for the Amendment 2 to the F-1 registration submission by United you will see that the latest proper financial reports in the media are in fact true.

Sir Kones:

Ok, you've seen what every journo is writing....and you may or may not have listened to andersred's recent podcast which featured two representatives from MUST (Manchester United Supporters Trust) or maybe you even have visited joinmust.org .

The big thing everyone is saying, that we as supporters are supposed to get most upset about, is "Glazer's are pocketing half the money", but is this true, and if not, why are we being lied to???!

I started doing some of my own research, because I found it somewhat odd that in all the media outlets, everyone is throwing around a lot of details about the IPO, but when it comes to the part about the Glazers, it all gets rather vague doesn't it?? Pretty much every source says the same thing word for word "half going to debt and the Glazers will pocket the other half". Why so vague? Why no specifics? Why no use of the actual wording that tells us the Glazers will pocket half? I mean, surely the IPO prospectus doesn't use the terms "will pocket half the proceeds", right? As I said, it seemed odd to me that no details were being provided on the crux of the whole fuss.

So I was hoping to find the actual IPO filings, so that I could read the terms myself.....but first thing I wanted to do was research MUST, find out what their stake is in all of this. Upon visiting the MUST website the very first thing I see is a link to the SEC filing on the IPO, dated July 30th. I open the link and found the section of the filing regarding use of proceeds. That section appears below, word for word (I have made a few very relevant lines bold):

USE OF PROCEEDS

In this offering, we are selling 8,333,334 Class A ordinary shares and the selling shareholder named in this prospectus is selling 8,333,333 Class A ordinary shares. In connection with the sale by us, we estimate that our net proceeds from the sale of our Class A ordinary shares in this offering will be approximately $141.0 million, assuming an initial public offering price of $18.00 per share, which is the midpoint of the range set forth on the cover page of this prospectus, and after deducting estimated underwriting discounts and commissions. Expenses of this offering will be paid by us with existing cash on hand. We intend to use all of our net proceeds from this offering to reduce our indebtedness by exercising our option to redeem and retire $116.8 million (£73.0 million) in aggregate principal amount of our 83/8% US dollar senior secured notes due 2017 at a redemption price equal to 108.375% of the principal amount of such notes and £8.3 million in aggregate principal amount of our 83/4% pound sterling senior secured notes due 2017 at a redemption price equal to 108.750% of the principal amount of such notes, plus, in each case, accrued and unpaid interest to the date of such redemption. In addition, upon consummation of this offering, our senior secured notes previously purchased by us in open market transactions will be contributed to MU Finance plc and retired. A $1.00 increase in the assumed initial public offering price of $18.00 per share, which is the midpoint of the range set forth on the cover page of this prospectus, would increase our expected net proceeds from this offering by $7.8 million, and correspondingly would increase the amount of our pound sterling senior secured notes that we will redeem and retire in connection with this offering by £4.5 million. A $1.00 decrease in the assumed initial public offering price would reduce our expected net proceeds by $7.8 million, and correspondingly reduce the amount of our pound sterling senior secured notes redeemed and retired in connection with this offering by approximately £4.5 million (if the initial public offering price is $17.00 per share). A $2.00 decrease in the assumed initial public offering price would reduce our expected net proceeds by $15.6 million, and correspondingly reduce the amount of our pound sterling senior secured notes and US dollar senior secured notes redeemed and retired in connection with this offering by approximately £8.3 million and $1.0 million, respectively (if the initial public offering price is $16.00 per share). A $3.00 decrease in the assumed initial public offering price would reduce our expected net proceeds by $23.4 million, and correspondingly reduce the amount of our pound sterling senior secured notes and our US dollar senior secured notes redeemed and retired in connection with this offering by approximately £8.3 million and $8.2 million respectively (if the initial public offering price is $15.00 per share). We will not receive any proceeds from the sale of any Class A ordinary shares by the selling shareholder.

Tell me, where in that does it say the Glazers will pocket half of the proceeds? In fact, if you read the lines I made bold, it seems to explicitly say the opposite, doesn't it? Now, you tell me, am I misunderstanding something, or does it seem like every news outlet and MUST are telling us the opposite of what it actually says in the SEC filings? Are many people being played like a fiddle? Being manipulated?

Give me your take on it, and please, only focus on what I've presented here, because I know how easily this subject can get off the topic-at-hand.

Here you can find the SEC filing so you can read it for yourself: http://www.sec.gov/Archives/edgar/data/1549107/000104746912007537/a2210287zf-1a.htm#cm71301_use_of_proceeds

id say some journalist who supports liverpool thought it would be a good story if a "Source" said that the Glaziers are pocketing half. and everyone copied him because it makes good reading

Interesting. I shall have a look around myself at various places and then come back to comment.

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