Club Sale | It’s done!

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See this is the hole you talk yourself into.

Either we're not state owned and this guy is borrowing £5bn against a tiny net worth which puts us in extreme financial jeopardy. Or the money isn't really a loan and we'll never have to pay it back and we are state owned.

You can't have it both ways.

yeah if he cannot afford it, its a real problem, but I am sure the Raine group will be looking for proof of funds.
 
Nah I don't buy it. You don't suddenly feel empowered to post something sexist, racist or transphobic just because of a bid from someone to buy a football club.
It doesn't matter whether you do or you don't. Stretty News posted the first transphobic piece in it's history in defence of the Qatari takeover bid the day after it was announced. That is a fact.
 
I would say you shouldn't join a conversation half way through, without reading all the posts
OP said, no one can be a billionaire in Qatar outside of the state, then proceeded to provide zero evidence to backup said statement when I said its false.
Why would I be holding out for a statement from the bidder for that?
Ok apologies...thread is moving quite fast and I got confused somewhere along the way
 
yeah if he cannot afford it, its a real problem, but I am sure the Raine group will be looking for proof of funds.
And if he can afford it then we're state owned. So we're state owned.
 
His father was literally the monarch of Qatar.
Incorrect. His father was the ex-prime minister of Qatar, and the uncle of the previous monarch.

In any case, state of Qatar is obviously behind this.
 
Compare to someone who will need to take loans to buy the club? Will that mean that the ownership will be the firm that provides the loans?
Good question. To a certain extent, yes. But outside of bankruptcy, until the creditors push out the equity-holders, creditors typically sit across the table from owners, who are the decision makers, often making decisions to the detriment of creditors.
 
I tried to understand a little bit who we are talking about and to make it short, it's actually possible that the money isn't from QIA or Qatar itself. But it's not clean money, it's the Panama-Luxemboug-Bahamas kind of funds.

Sheikh Jassim, who has made the $5bn bid all by himself and isn't a front for the Qatari state, is worth $1.3bn according to Forbes from what I've read in the press.

It's possible, the money isn't from the Qatar state, but not very probable. If it'll all be debt free it doesn't really add up, now does it?
 
Every manager who has managed us has effectively said we aren't run as a football club, but rather a commercial operation. LVG. Mourinho. Even Wreck-it Ralf.

I don't know what rock you've been living under to think that our club has had any semblance of a soul or even resembled a legitimate sporting institution in the last decade. We are simply an investment and ATM machine to the Glazer family and they have treated us as such.

There has been absolutely no communication between them and the fans, up until the infamous super league riot, in which their hand was forced. That's over a decade of ignoring every single fan protest and aggrievement.

I honestly don't understand why you would think a change in ownership would be a bad thing, no matter if it is Qatar or Jim. Nothing could be worse than the parasite glazer family.

Either one of our bidders would probably easily take us back resembling a football club.
Because the club isn't the owners, it's the fan base. But that doesn't mean the fan base cannot be corrupted by the owners.

Every fan hated the Glazers. There's a massive proportion of the fan base who are now happy to be sycophants for the state. If you don't think that dramatically alters the soul of the club then I don't know what to tell you. Just look at City across the road.
 
I’m getting the sinking feeling that those greedy bald ginger cnuts will still be in charge after all this.
 
Legally no. It's money he'll get as a private person and I'm sure the Qataris will make sure there won't be any documentation of instructions or directives coming from the state as to how he should use it.
Clearly they will cover themselves legally. You may notice that there isn't a competing bud from the Qatar government or from the entity that expressly owns PSG. That is because they are seeking to cover themselves legally.

We're discussing whether ultimately it amounts to the same thing. If we're concerned about state ownership, in particular Qatar let's say, its not for legal reasons. So then why would the legal ownership matter?
 
Clearly they will cover themselves legally. You may notice that there isn't a competing bud from the Qatar government or from the entity that expressly owns PSG. That is because they are seeking to cover themselves legally.

We're discussing whether ultimately it amounts to the same thing. If we're concerned about state ownership, in particular Qatar let's say, its not for legal reasons. So then why would the legal ownership matter?

How they deal with this behind closed doors I don't know but yeah there's good reasons to believe the state or its representatives will have a big say.
 
Another parasite owner could certainly be worse.

Thankfully at the moment neither Qatar or SJR seem to be so.

Well at least Qatar definitely aren't in the financial sense.

But there must be an American PE fund or two lurking around. It just hasn't been announced yet.
 
Nah I don't buy it. You don't suddenly feel empowered to post something sexist, racist or transphobic just because of a bid from someone to buy a football club.
Or they could be a Tory and / or Dave Chappelle fan. It’s a ridiculously stupid point to make
 
Well that wasn't my intention Mockney. It's just pretty obvious. They have set this up to comply with UEFA rules (which they will now). The money will most likely still come from the state.

Oh no sure, I just find the whole “it’s not actually the state” stuff a silly argument, because of course it is. And if it isn’t, those claiming so should surely be asking as many probing questions about where it’s coming from… which they aren’t. Because it is.
 
The ownership wont be state though.... Its private individual. He may then get some state funding but it will be OWNED by an inndividual. I dont know why its hard to understand that?

The same way Man City are owned by a private individual?
 
Sheikh Jassim, who has made the $5bn bid all by himself and isn't a front for the Qatari state, is worth $1.3bn according to Forbes from what I've read in the press.

It's possible, the money isn't from the Qatar state, but not very probable. If it'll all be debt free it doesn't really add up, now does it?

It's perfectly possible. It would be in the same way INEOS intend to purchase the club with a loan from a bank. And we don't know who is actually involved, it's a bit like Boehly he is worth 5.3bn but his associates and the management funds that are with him are worth significantly more. The Qatari offer could easily be from a private consortium, the ones that first benefitted from QIA and then went their own way which is a thing in all these countries.
 
Sheikh Jassim, who has made the $5bn bid all by himself and isn't a front for the Qatari state, is worth $1.3bn according to Forbes from what I've read in the press.

It's possible, the money isn't from the Qatar state, but not very probable. If it'll all be debt free it doesn't really add up, now does it?
Technically, it can be a consortium involving many Qatari rich people, with him as the majority shareholder.

Almost surely, it is state of Qatar (or individuals who get money from the state of Qatar). Owning the most followed club in the world is a good perk when Saudi Arabia and UAE do not like you.
 
It's perfectly possible. It would be in the same way INEOS intend to purchase the club with a loan from a bank. And we don't know who is actually involved, it's a bit like Boehly he is worth 5.3bn but his associates and the management funds that are with him are worth significantly more. The Qatari offer could easily be from a private consortium, the ones that first benefitted from QIA and then went their own way which is a thing in all these countries.

Now we're getting into the question of why would a legitimate private consortium claim to be a single businessman. All of these alternative theories just throw up more questions.

The simplest and most likely explanation is that this a bid for state ownership much like City, PSG and Newcastle.
 
The same way Man City are owned by a private individual?

Yep because in your eyes Deputy Prime Minister of the United Arab Emirates and Minister of Presidential Affairs is the same as a Qatari banker.
 
Blatantly obvious the private bids are American hedge funds and investors. The reason being is that the fans desire this type of ownership the least and their businesses would be bombarded with emails/tweets if they made their intentions public.
 
Blatantly obvious the private bids are American hedge funds and investors. The reason being is that the fans desire this type of ownership the least and their businesses would be bombarded with emails/tweets if they made their intentions public.

More likely because they don't want to reveal their hand to maintain a competitive advantage during the bidding process. Especially after the Qataris pissed the Glazers off with their media campaign to "restore former glories".
 
Unless I’ve missed it (and I may have) no one has so far explained why this guy whose personal wealth is £4b less than Jim Ratcliffe’s (and is the son of a Prime Minister) is going to buy the club outright, clear the debt, rebuild the facilities and invest in the squad, all without help from the state?

It just seems incredibly weird that people are pouring over Ineos’s financials and how they’d structure the deal, whilst saying this guy will just magically be able to fund everything, and more, without state funds. And if you question that, you’ve got an agenda?

And personally I’d like it explained, cos I’d be a lot more on board with a private owner than a state one.

The suggestion from the press Tweets is a smokescreen. It's a Qatari bid in all but regulation dodging.
 
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