I may be wrong but barely any owner does it in PL.
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
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Not taking a stance at the moment, doesn't mean ignoring and you know that. There is nothing wrong with a "wait and see" approach
Do you really believe that INEOS ie a private company will gift a 5b asset away? Their shares would plummet as everyone will believe that the company is owned by a mad man.
The Ratcliffe loyalists are truly hilarious
Taking dividends is fine if you’re in a good place financially. Glazers did it without investing anything into the club. There’s a difference in optics. That’s without getting into the whole debt which the club were paying for.
We all know who will be calling the shotsWhat has the owner of the Islamic Bank won just out of interest?
I'm sure Ratcliffe is happy with his mediocre life, owning two football clubs, one of which is improving all the time and being a multi billionaire. He just thrives on mediocrity
We already have Ratcliffe loyalists?
By that logic Richard Arnold should have been a Woody clone yet he seem to have let football guys do the football thing instead of following the model he was closely involved with.
Or they’ll be proud owners of a club that increases in value year on year. INEOS don’t require instant ROI, they are diversifying into sport rather than saving those hundreds of millions for profit and dividends.
INEOS will make money regardless of what happens at United.
So many were originally claiming the INEOS interest was a PR stunt, but owning the World’s most famous club… you can’t get better PR or more exposure than that.
Let’s not also pretend that company owners only buy boxes/executive suits at clubs they support man, they entertain clients, and having a London club makes sense for it. He’s not a fecking “season ticket holder” in remotely the meaning you are claiming man
Well the official offer from Qatari bank which is actually the biggest bank in middle east and they have clearly confirmed what they are hoping to achieve with the club and the they will make it debt free and spend on the youth and infrastructure.
Bloody hell, at least another month of this...
Sad day when the Qatari own us but there aren't many options with our price tag I guess. Ethics and values aside, I really hope they don't get too involved in footballing matters, go the PSG route but that's a tall order.
Why would they do that? United ROI is small compared to how much they can get as a brand name. If they sell in 10 yeara time they'll make far more profit then we will generate in 40 years. Or you believe that all ineos major shareholders will be united fans as well,
brexit means brexitWe already have Ratcliffe loyalists?
On which market would Ineos’s shares plummet?
Wondering how that works for a private company?
Yes, that is exactly what it does mean. A wait and see approach needs to be justified by something more than a pretense that anything could happen. "Wait and see" is the appropriate attitude to a candidate that has enough going for it that they deserve a shot at running this club. Could you give your reasons for why it would be reasonable to assume that the Qatari group could be a good option? Because that is not the case a priori.
If they start donating 10b assets them they will lose investors confidence
They clearly don’t care much about ROI in their sporting ventures, they care more about keeping the profits down, hence them spending feck tonnes on sport.
The main company will always make feck tonnes, it’s the World’s fourth largest chemicals company man.
I don’t know, I think stuff like this is always worth pointing out.Bloody hell, at least another month of this...
leading to this week:
I wholeheartedly agree with what you said. Even ignoring the human rights issues, Qataris buying the club does not differ us from the other oil clubs now.
We can go on a path where we will just spend 500 million every window, change managers as fast as PSG does and create a squad filled with unlikeable primadonnas. If that's what everyone wants, fine. I certainly don't.
What's next steps from club? I can't imagine this will be first round of bidding
Announce a number of bids were received and write to the top 3 highest inviting them to submit their final offer?
Announce a number of bids were received and write to the top 3 highest inviting them to submit their final offer?
That can be achieved with smaller clubs not with a 5b-10b juggernaut
....what? Which you think shows what exactly?
It’s a private company which he owns two thirds of.
No one knows anyone’s intentions but I can guarantee neither bidder will want United to flop. At this price both are buying as a vanity or promotional prospect.
What can I say? My morals are flexible when it comes to money.
If everything what has been said about the Qatar guy is true, it's better than we could have hoped for though. Big United fan, ready to invest money in the stadium, youth and clear the debt.
Ineos live in debt. Good luck persuading banks and external investors to invest In a company that donate 5b assets away
It can, but United can be successful AND self-sustainable. Make United work and feck me, you can’t get more exposure for your company than that.
It’s also a very very sound investment, like buying a property in central London.
Ratcliffe is doing a heavily leveraged bid backed by goldman sachs, made zero promises to invest in the infrastructure, stadium and surrounding area and people are still backing this bid?
Virtue signalling is a hell of a drug.
Virtue signalling is a hell of a drug.
Wow.. give him your name!
What statement have INEOS made?
Not sure anyone is backing the bid, just not writing it off till we know much more.
This is patently not true. SJW has not officially told us anything about the structure of of his financing package to acquire United, so anything you said in your post is just your own opinion.
This is not true. Qatar Ismamic Bank is actually a smallish bank in the region.
This is not true.
Maybe, and i would never manage without United in my life, but people do things i cant every day so i guess atleast some would actually quit supporting us. Some left when the Glazers took over.
Invest in the infrastructure, build world class youth set up and scouting system. Let the manager bring in players he wants and let's develop an identity on the pitch.
That's the ideal. But my fear is we'll bring in all mercenaries we've seen enough of over the years just because a new owner wants to wave his dick about to show it's bigger than anyone elses
That's the ideal. But my fear is we'll bring in all mercenaries we've seen enough of over the years just because a new owner wants to wave his dick about to show it's bigger than anyone elses
The guy I was replying to think that Ratcliffe will donate it to Must
The Qataris need to understand that we don't need any more self-entitled superstars who aren't willing to graft when we're out of posession, i.e. the next Neymar. They need to keep their noses out of the footballing side of things.
Yes sorry I confused it with Qatar National Bank (QNB).
Errr. A company with 61b revenue wouldn’t have a problem obtaining financing.
Not sure you understand the basics of finance and how businesses are run.
Monaco are historically state owned and benefitted from different tax laws, they then got sold to a russian oligarch, Lyon were nothing until Seydoux(one of the wealthiest man in France) and Aulas sugar daddied them into a french powerhouse, it's only after that they really focused on their academy(in the late 2000s-early 2010s).
Historically there is no actual difference between these three clubs, Monaco are the ones that found success earlier but PSG came to the front in the late 80s-early 90s with the exact same model that Lyon later followed. Out of the three the new club is Lyon, not PSG.
One bid gives us the opportunity to be best in class, the other lets you say morals, morals, morals as the other clubs who don’t care pick up all the trophies.
The majority of the pushback from other fans is sheer terror that United would be in a place to use their extraordinary global power to full, they couldn’t care less about the state of life in Qatar.
There isn’t a right answer.
The majority of the pushback from other fans is sheer terror that United would be in a place to use their extraordinary global power to full, they couldn’t care less about the state of life in Qatar.
There isn’t a right answer.
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