Buying an existing business can be complicated, say you?ve found a business you want to acquire; the next question is which way to purchase it? Stocks or assets? A critical point is cash flow forecast. The structure and management of a business deal is complex.
For instance personal liability is a critical area of concern, it may be worth the money to ?hedge? or ?offshore?.
Enlisting the services of a ?go between? so you aren't responsible for liabilities you don't want is wise in certain circumstances.

A stock purchase basically means you are buying everything, stocks, assets, and liabilities, and the entity itself so you also own the name of the business and the trade marks (Chelsea). This means the seller is clear of any responsibilities for that business. With asset purchase (Man U) and in the Glazers case it come with a ruthless twist, the entity takes on the liabilities and the purchaser wrings out the profits from that stock , the buyer is only responsible for liabilities outlined in the sales or purchase agreement.

With Asset purchase, it is usually required to form a business structure, a limited liability Company.
With the Glazer business model this is US registered.

This style of purchase the buyer can pick and choose which liabilities they want to assume against the assets they want to purchase. Whether pursuing a stock purchase or an asset purchase, certain tax benefits are worth considering. Stock purchase, the seller jumps ship and the buyer essentially step in and the business keeps running as before, the assets and liabilities are not liable to adjustment on accounting ; but they do continue to depreciate. A stock purchase is more beneficial to the seller as they can realize a gain or loss based upon the purchase price and initial stock value.

With asset purchase any gain or loss after purchase will be yours to claim when time come to present tax liability and is calculated on the difference between the purchase price and the real value of the business, this is captured by calculating the assets and liabilities you assumed when acquiring it.
Also in an asset purchase the new owner can adjust the assets and liabilities based on ?market value? at ?time of the sale?. With the Glazers it will be teams of corporate lawyers, accountants, and advisers who will be heading the team.

I think for the sake of Man U and the business integrity of the Club and English Football, the quicker the Glazers go the better....
Now Footy.... Kayoko we can always rely on Arsene Wenger to do a good ?stand up? insisting that Arsenal will take full advantage of his prediction that their status as title challengers ahead the match in hand against Bolton will result in the Gunners topping the Premier League.....It is great fun though...and Arsenal looked menacing with fiberglass?s strike across goal finished a stunner.

The demolition job against Sunderland keeps Chelsea one point ahead of Manchester United at the top of the premiership with a game in hand but the bookies still have Vals Man U odds on after an impressive win against Burnley....I saw that match ...lots of fans taking pictures...wink wink Utada and not a fan escorted out of the park ...just kidding ....lol