WWE is theatre except it's not World of Sport style!
As for real theatre, there's plenty of it, a lot more than you think
Club Sale | It’s done!
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As for real theatre, there's plenty of it, a lot more than you think
I keep reading this and I'm genuinely interested what the importance of someone visiting the middle east before they can criticise a gulf state is, most of the organizations that report on human rights issues in those countries do visit and investigate.
Would you need to visit Russia or North Korea to be aware that they are repressive dictatorships that trample on their own citizens rights?
Not seen anybody with any reliability confirm this. The guy is an 'E-sports reporter'
The principles you showed in these two posts a few months ago.
Okay, this is good, now we're getting somewhere beyond the illiterate "local lad" nonsense. Follow up needs to be someone asking him how INEOS plans on servicing the debt without straining the club's finances. Their cash flow doesn't exactly seem sufficient.
Couldn't find the unitedmuppetiers one at first, grabbed a random one
Sad day. Imagine winning the pl with ETH and the team succeeding against all odds.
I suspect the fans willing to turn their back at the club after a Qatari takeover have been loosing faith and interest in the sport over years. The insane wages, states buying clubs, the insane transfer fees, the corrupt world cup, the proposed super League, Uefas failed ffp, Fifa corruption, agent fees, prices for watching games at home etc. etc. The game is truly fecked.
It literally tells you right there, they will buy the club with debt and put that debt in the holding company.
Which is precisly what the glazers did.
Yes it's a bit like the Bachelor, in the next round they have to take Avram out to dinner to pitch their takeover of United.
Jimmy Ratcliffe’s press release was unserious. If you can’t that right I’d hate to see what the club becomes under his stewardship.
It’s genuinely embarrassing you can’t see Ratcliff is US investors backed
Wait, that just says that Goldman will pay off the existing debt, which is normal when this type of transaction occurs.
I don't think it says that the new debt would not be serviced by money taken out from the club.
I'm not comparing Radcliffe to the Glazers, BTW. I just know that it's typical in many transactions for acquisition debt to be serviced at least in part with money taken out from the company.
No, because Qatar's plan is to put their country on the map in the long term, and that requires constant PR, the world cup was only a step in the right direction for them. Are you that naive to believe that someone would buy a 5 billion pounds club with no intent to get any money from it as if they were running a charity with no ulterior motive? Come on.
PSG's owner/management pretend they're changing strategy every year. They don't. Like, any reasonable person would know it's a terrible ideo to extend Messi or Ramos on massive salaries considering how old they are and how unbalanced our team is, and yet they're considering it (actually, it's a fact they want to extend Messi). They don't learn, they just put a board in place that will do whatever they ask them to do no matter how unlogical it is from a competitive point of view.
if Jim can’t use his own money to buy the club, how is he going to finance a stadium rebuild and fresh training ground?
I’ve been really hoping he will smash it and make me forget about Qatar, but unfortunately today has swung me even more in that direction.
No more bank loans, borrowed debt, false promises.
I’ve been really hoping he will smash it and make me forget about Qatar, but unfortunately today has swung me even more in that direction.
No more bank loans, borrowed debt, false promises.
wtfIneos is a private company so it can do anything as long as the owners all agree. Their net income is 2billion euro a year. Now, it’s interesting If his plan to clear the club debt is true.
Firstly, why are there no reports of bids from American Consortiums or Saudi Investors, are there only 2 serious bidders?
Secondly between the bid of both potential buyers Qatari bid seems like a dream come true. Existing Debt will be done, no new Debt to obtain Utd, investment in club, transfers and youth and all profits to be reinvested in charity.
Against no new debt will be borne my the club itself, so existing debt will remain, in addition the club will be bought by loans but it will be on the balance sheet of INEOS, but as they say there is no free lunch, we will be servicing the debt obtained by INEOS, in the form of management fees or any other form, otherwise their shareholders/stakeholders would not agree to be burdened with debt of another entity.
Maybe some other entity's bid will be even better as a fan, but between the two there is only one obvious winner, because after all the shit and debt servicing we went through with Glazers, last thing we would want is another owner, who does the same shit just in a different form.
Secondly between the bid of both potential buyers Qatari bid seems like a dream come true. Existing Debt will be done, no new Debt to obtain Utd, investment in club, transfers and youth and all profits to be reinvested in charity.
Against no new debt will be borne my the club itself, so existing debt will remain, in addition the club will be bought by loans but it will be on the balance sheet of INEOS, but as they say there is no free lunch, we will be servicing the debt obtained by INEOS, in the form of management fees or any other form, otherwise their shareholders/stakeholders would not agree to be burdened with debt of another entity.
Maybe some other entity's bid will be even better as a fan, but between the two there is only one obvious winner, because after all the shit and debt servicing we went through with Glazers, last thing we would want is another owner, who does the same shit just in a different form.
Of course he has an u,terior motive. He doesn't care less about the supporters or the club as an emotional investment as we all do.
They want it for the same reason they spend 3 billion building a new yacht. Its bigger and better than the other guys.
Well, if he does, it would be in the top 10 greatest anime betrayals.
Seriously though, INEOS can handle it. They don't need our profits.
They are required by law to maximize shareholder profits.
Debt incurred to buy the club will be paid by the club. Its a leveraged buyout, just like the last one.
Being associated and sponsored by the Saudis, taking money from the same govt. whose head of the state butchered a journalist not so long ago amongst all the other abhorrent crimes every ME state is accused of is not a tipping point? That should atleast put you off a lot if not completely. But now some people decide they are principled.
Look, I’m not vouching for qatar or Qataris either. I’m also not happy with the situation at all but when some decide to declare their support is off like they they are better than the rest because they are highly principled, sorry i just don’t buy their hollow principles and it rubs me the wrong way. Apologies if it offends anyone.
If Ineos take up the debt then it still effects us in some way, no? Like that money would still prohibit spending somewhere? Whether that be on transfers or more likely renovations to the stadium/training ground.
They'll hope for the quickest resolution to that, which surely would be us making them money?
The glazers should be fecking off with that debt, the greedy cnuts.
They'll hope for the quickest resolution to that, which surely would be us making them money?
The glazers should be fecking off with that debt, the greedy cnuts.
Taking out the who is behind either bid, if you listed them as bid a (Qatar) and bid b (Ineos) on a piece of paper and asked someone which looks better without saying who bid what Im willing to bet 99% will say bid a.
SJRs bid fills me with zero confidence.
Qatars press release has hit on all the right notes so far.
SJRs bid fills me with zero confidence.
Qatars press release has hit on all the right notes so far.
INEOS is not a holding company. It’s a large diversified parent co. It is not what the glazers did, it is a completely different type of structure.
I don’t want to be on here discussing corporate finance but some of the stuff I’ve seen tonight…..
It's not about profits. Do you think Glazers can't handle without our profits? When you are a listed company , you are answerable to share holders. You are basically taking money out of a company I have invested in (for e.g.) and putting billions of money in an entity which I have no interest in.
Not saying its impossible but he would have to explain that on how it's being done.
In terms of the fundementals, they are using debt to buy the club, which will then be paid back. Inios will not just pay off that debt, they will want money from the club to do it.
I was being simplistic, it is a much more stanble approach than anything the glazers did, however the end result, money from the club repaying debt incurred to buy it, is inevitable.
Different people have different tipping points. You dont get to decide what is or isn't hollow with no data. If someone is having an ethical dilemma it's a personal thing and is no reason for them to be sneered at or called out. It's none of your business, and if anything as a fellow fan you should have some empathy. That's my only point.
And i stand by those. I’m not happy with the situation at all. I have mentioned it in my above post.
Exactly. People just think they have 17 billion and will take couple of billions for a sports club.
That's not how corporate Financials work.
public opinion matters too
Qatar want to do business with foreign companies which the general public are customers of, so it all counts towards something
You really think the loan and profits will be paid off from INEOS? Companies 100 * the size are cutting staff to save money.
The loan will come from United’s revenue
Not that it ultimately matters to the glazers, but if the Qatari PR team comes out with comments backing and keeping ETH....I think SJR's bid will be dead in the water with the fans. The communication so far is so well done by them Qatari's.
SJR needs to release a statement and match them.
SJR needs to release a statement and match them.
If they did, it would be added to the price that the buyers have to pay.
Usually bids are made on a cash free debt free basis and then a ready up is done at closing.
Either way, and whether we like it or not, the debt is charged on United’s balance sheet and has to be repaid for a sale to happen.
Not only that. Many don’t seem to get (or perhaps casually disregard is a better way to put it) why United became a household name in the first place.
the amount of hypocrisy in this thread and generally among our fanbase.I am gonna go cry under a rock.
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