It's not complete until INEOS have 51% share.
Club Ownership | INEOS responsible for the football side
- Thread starter Solius
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Yes it is and in 20-21 City paid over 5 million for rent that season
This is it. Let’s see what they do and how they do it especially when we are under pressure or a big signing flops or there’s some Brailsford scandal. Talking candidly to the fans is a huge huge breath of fresh air. Admitting we’ve been total shite without beating around the bush finally gives hope of real change. It certainly feels like SJR is the real deal. He would lose and find the glazer kids and now his foot is in the door, hopefully that’s going to lead towards the final golden handshake they require to feck off out of here.
They may say they mean well and love the club (wink wink) but everyone and their nan can see that they are unfit owners who are way out of their depth, in a sport they clearly don’t understand and in a country and city they never gave the time of day to. All they did was tax us to exist.
I just saw SJR’s interview to MUTV and honestly that was incredible. After all the incompetence and ignorance from the Glazers, to hear from an owner who is hugely successful, comes across as articulate and intelligence, is focusing on putting in place competent people and most importantly has a special place for the club in his heart, is honestly hard to fathom. I’m so used to just accepting owners who couldn’t give two shits and just want their annual dividend payout, that this is feeling surreal.
Who knows how this will turn out as there is so much to fix but I thought he came across really well.
Who knows how this will turn out as there is so much to fix but I thought he came across really well.
SJR says the only two glazers he has met are Joel and Brian. It’ seems impossible for him to buy out the passive siblings if they don’t even meet.
Judging by Ratcliffe's first interview where he pitched for "redevelopment of that part of the city" and "world class stadium for the north", he wants United to have a similar deal with nothing being paid out of pocket. Very smart if he can pull it off.
If I remember well, the deal is done in such a way that SJR can't target individual Glazers to buy their shares.
Never going to happen, we’ll be under state ownership before Ratcliffe can buy the rest out. The Glazers put a drag right in the agreement with Ineos for this reason, they’re hoping Ineos can sort the mess they’ve made over the last 10 years and an EPL or Champions League trophy makes the Glazers desired price more achievable.
Think there are a few nuggets of information that suggest they will hand over the majority before long.
Minority ownership as a route to majority is also very common.
These projects are largely owned by experienced property development companies(via companies in the British Virgin Islands. Highly experienced in big build projects. That's what they do.
Why would they be turning to an ex footballer, who has a very small share in the business, with zero qualifications in this field for instructions and management?
Gary is a rich bloke who has latched on to even richer people. He invests his money in them to make more money. It's an old and pretty straightforward way of increasing wealth. Fair play to him.
But the idea Gary is making the big decisons on builds? Come on.
If we're looking for advice on how to transform the area let's go to people who are qualified in this, who actually do it for a job.
Investing money into Peter Lim isn't that.
The actual company that bought the United shares is Trawlers Ltd, is that a Cantona reference?
That definitely wasn't said by Jims lot. I believe they said no new debt but other than that it's not been mentioned.
Qatar said they'd clear the debt but that is another story.
Yes
Not sure this is accurate, since Omar Bereda and Dan Asworth will be employees of Man United PLC and simply replace outgoing Directors/Exec with possible higher salaries paid by a new restructuring of the management org chart. The new streamline structure will ultimately save money even though I’m sure both Bereda and Ashworth will be paid more than their outgoing predecessors.
Sir David Brailsford, Jean Claude Blank and others are all paid by Ineos, they may claim their expenses through Man United, in the same way Sir Jim might but rest assured they won’t be chartering private planes to take their family on a jolly at £1/2 million per trip.
A full scale review of all operating and playing costs will be made by Sir David Brailsford and rest assured they will find things that will defy logic in their opinion but Sir Jim will continue to cosy m up to the Glazers providing they continue to let him do what he wants?
I do believe this is a vanity project for him and he’s looking to learn from the mistakes INEOS made with Nice, for the record they still haven’t succeeded yet in France, they are not challenging for the league and will be lucky this season to hold onto a champions league place because they don’t score enough goals, very much like United it wouldn’t surprise me if United finished in a CL spot and Nice didn’t.
However since he’s become a co owner the results have like he said improved significantly
played 9 Won 7 Drawn 1 lost 1
GS 23 GC 13 +10
Now if we beat Fulham and make it 8 out 10, United will have giving themselves a decent chance of making top 4 which will require 71-72 points or at least 9 more wins from 13 to play so very little margin for draws and loses.
If and it’s still a very big if with all the current injuries the INEOS team can galvanise this United squad and achieve that then he’s has an unbelievable start to his reign.
Not sure how long this will be up for as it's from a dodgy channel. It might get flagged.
Ratcliffe will keep buying shares and diluting the Glazers. At some point they will have to sell to INEOS/Sir Jim.
Is that one of those states which were all queued up to buy United last year?
So nice to see an interview with SJR. Saying all the right things about primary focus being on the pitch…and obviously the setup and infrastructure that makes it happen. Suck a refreshing change and feels very positive
Denial.
There is no circumstance that Ratcliffe can dilute the glazers without the glazers selling Ratcliffe more shares. He has control of football matters but the future of the club is still in the glazers hands.
The club that was in a mess, yes. A smart buyer would wait for a sucker like Ratcliffe to clean up the mess, and then buy out a well oiled machine winning trophies.
Oh right is that why all the not very smart states have bought the likes of Man City, Newcastle at a cheaper price and looked to build them up themselves?
Problem with is that SJR is not a "sucker" at all. Instead he is a very astute businessman who no doubt has covered/will cover every possible future scenario.
Totally agree he’s one step ahead of the oil states like he was when he brokered a deal for Mercedes, his very hands on approach is a polar opposite to their strategy. Doesn’t mean he’s going to find turning the Titanic Round United are currently still about to hit an ice berg, so this summer transfer window if and how quickly he can change the tide, just to compete for top 4 and UEFA or CL next season, United need 7 to 8 major players to replace the dross in the current squad?
Every investment that Ratcliffe makes increases his share of the club and dilutes those that don't invest.
Those clubs were available for sale, that’s why they got bought. The big clubs in England are very rarely available for sale. In 2008 if Utd were up for sale do you think Abu Dhabi would’ve ignored the club entirely and opted for City? If the price was right they would’ve bought Utd, and that remains the case. The Glazers asking price for a club in this state and in need of a whole new stadium isn’t realistic but that might change if Ratcliffe sorts things out. The Glazers clearly know that, it’s evident from the docs if you read them in particular the drag right.
No, it won’t work like that. The Glazers and their lawyers aren’t stupid enough to allow someone to effectively take over the club through dilution. Ratcliffes maximum stake is something like 30% based on the docs, he can’t force further issue of shares to himself without the majority shareholder (Glazers) approving it. He’s free to put money into the club but it’ll effectively be a loan and won’t dilute the Glazers.
But your missing the key part of that drag along right in that Ratcliffe/INEOS can match that price if they wish. So if a state bid DOES come around then Ratcliffe can just buy the Glazers portion of the shares.
That plus a sale would require board approval.
United was available for sale for about £7bn in the “state it’s in”. If you think it’s going to be available for that price if Ratcliffe does what he promises you’re very naive. If we are back on top with a new stadium and training facility on its way or built and the area around OT regenerated the club will be valued at £15bn+. Why would they buy it then instead of at a point where they could make their own mark on it and benefit from the appreciation regeneration creates?
The time for a state to buy United was last year and none were interested.
Exactly. Raine group valued the club as stands at 7bn, a new stadium, training ground, infrastructure in place and back at the top (if plans go as planned) is going to easily double that valuation.
The state owners want low investment clubs they can turn into giants and make people say wow these bad guys aren't so bad.
I know SJR and Ineos aren't the "owners" of the club but it certainly feels that way now after the announcement was made official and he's done several interviews about the direction of the football club
Yeah i think it's only a matter of time till he does take full ownership. It seems to be his end game and that's very good news to me.
Any discussions on here where the money for either the redevelopment or a new OT will come from?
Gofundme
The interview he did with Johny's wife portrayed him as a man who was not willing to wait. He said that the year it took to get everything completed around the takeover was a pain for him to wait it out. I have a feeling that they will go hard in the summer transfer market. Given his age, he would like instant success, and he said in the interview that it will take time for everything to fall into place. But the fact that they are after the best available operators is truly a good sign.
The money will come from the same place it always does - a bank
Emilia Clarke is going to pay for it? Very Generous of her !
ah, so Sir Jim , King of the North has a rich Auntie who will cough up.
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