yeah if he cannot afford it, its a real problem, but I am sure the Raine group will be looking for proof of funds.
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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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.
Ok apologies...thread is moving quite fast and I got confused somewhere along the way
And if he can afford it then we're state owned. So we're state owned.
No idea, we will find out where he is getting the money from as the process goes forward
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.
Well there we go. Might see some surprises still. With these M&A transactions you just never know until the end.
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.
Correct
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?
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.
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?
Stop please
would be devastatingSurprised that even the WSJ don't know the full extent of all the bidders.
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.
I listened to Gary Neville's podcast yesterday and was left with the same impression.
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.
Not much else in the article outside of Raine now taking the next week to sift the number of bids down.
Funny how the Glazers can keep it zipped when it suits, eh? Bloody hypocrites.
Or they could be a Tory and / or Dave Chappelle fan. It’s a ridiculously stupid point to make
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.
Interesting. These private bidders really need to declare themselves at some point to the fans and open up on their vision.
The same way Man City are owned by a private individual?
"Several private offers..." The game's afoot!
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.
Glazers have told everyone to keep quiet. Qatar didn’t listen which likely prompted Jim to go public too rather than just leak he’d bid.
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.
Now that would be a proper bummer. After all that.
What about the next 10 years when they systematically took money out of the club and ran a shit show?
Not paying for the athletic obviously
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.
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.
The Athletic have lots of free to view articles for non-subs.
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".
The suggestion from the press Tweets is a smokescreen. It's a Qatari bid in all but regulation dodging.
Forbes estimated Jassim Bin Hamad Al Thani's personal net worth to be just over $1b.
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