Club Ownership | INEOS responsible for the football side

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People will need to be a bit patient when it comes to recruitment with them too imo. Nobody is perfect with signings, but our first task is fixing our FFP situation, our wages, and clearing out high earners with no long term roles but on long term deals. We'll likely have to pay their wages to play elsewhere for a while yet. It's hard to do what you want in transfers in when those restrictions are in place first
 
Was Ward not in the epoch after Edwards at Liverpool where their recruitment wasn’t nearly as impressive?
 
Pexbo said:
Was Ward not in the epoch after Edwards at Liverpool where their recruitment wasn’t nearly as impressive?
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His only big signings as sporting director for Liverpool were Darwin Nunez and Cody Gakpo. He was only in that role for the 22/23 season and had already announced that he was stepping down by November 2022.
 
Tom Van Persie said:
His only big signings as sporting director for Liverpool were Darwin Nunez and Cody Gakpo. He was only in that role for the 22/23 season and had already announced that he was stepping down by November 2022.
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Yeah that’s what I thought. Not the most exciting.
 
I was told DF is very much in the fold, sort of one step before "its happening" so maybe they will go in the direction of Ward or someone else but I would be surprised if he was not the one coming in (DF).
 
Dougie won’t go from Sporting Director at Palace to a recruitment role at United

I also feel like Ashworth needs to be sorted out before any appointments below him are done
 
LawCharltonBest said:
Dougie won’t go from Sporting Director at Palace to a recruitment role at United

I also feel like Ashworth needs to be sorted out before any appointments below him are done
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Why not? One of the biggest clubs in the world and an exciting challenge. I would say it’s a big step up for him.
 
He’d be on a considerably bigger wage being the Recruitment Director at United than the overall Sporting Director at Palace.

And we’re all after more money from our jobs at the end of the day.
 
Rest assured that SJR and team will get the right people in the right jobs eventually. You don't build a successful company like Ineos by luck. Euro 2.60 billion profit last year and 3.50 billion the year before. INEOS is derived from INspec, Ethylene Oxide and Specialities for those that are interested. The name also contains some Latin and Greek, Ineo is Latin for new beginning, Eos is the Greek goddess of Dawn and Neos is Greek for something new and innovative. They will appoint the best in class that is available at the time based on research not the media. Personally, I don't see ETH as best in class. Tuchel will be available at the end of the season. Is he the best in class? Don't know.
In two seasons time, we will be competing for everything I'm sure.
 
bosnian_red said:
People will need to be a bit patient when it comes to recruitment with them too imo. Nobody is perfect with signings, but our first task is fixing our FFP situation, our wages, and clearing out high earners with no long term roles but on long term deals. We'll likely have to pay their wages to play elsewhere for a while yet. It's hard to do what you want in transfers in when those restrictions are in place first
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Yeah as long as the decisions make some sort of sense and follow a clear plan then I’m completely fine to wait a few transfer windows.

You look at the current squad on paper, and it just looks like a mess, unable of playing anything but chaotic pinball style.
 
pocco said:
"Too much smoke for this to be lies" :lol:

Most of our fanbase got played like fiddles in this whole saga. Thankfully most were also as wrong about Ratcliffe as they were sure of Jassim, and he looks like he means business and is willing to put his money where his mouth is.
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What makes you think that? Because I'd love to share your optimism. I am really undecided about him because he's clearly not an idiot. You don't get to be in the position he is in without being an exceptionally intelligent man. I just have an inherent skepticism when I hear too much populist talk that points out over and over the principles, values, community, blablabla, ... Since the takeover happened, the PR has been over the roof with him pushing every popular button I could think of which feels a bit like pandering to desperata fans. I think of the best owners or leaders of clubs in my view like Abramovic, the City owners or Florentino Perez just go on about the work and don't seem like they're on a crusade to get people to like them because of how much they care about the values and community and fans. Maybe I am missing something and I really hope am but I am just suspicious when I feel a very wealthy man is trying so hard to sell me how much they relate to me and understand me.
 
Theonas said:
What makes you think that? Because I'd love to share your optimism. I am really undecided about him because he's clearly not an idiot. You don't get to be in the position he is in without being an exceptionally intelligent man. I just have an inherent skepticism when I hear too much populist talk that points out over and over the principles, values, community, blablabla, ... Since the takeover happened, the PR has been over the roof with him pushing every popular button I could think of which feels a bit like pandering to desperata fans. I think of the best owners or leaders of clubs in my view like Abramovic, the City owners or Florentino Perez just go on about the work and don't seem like they're on a crusade to get people to like them because of how much they care about the values and community and fans. Maybe I am missing something and I really hope am but I am just suspicious when I feel a very wealthy man is trying so hard to sell me how much they relate to me and understand me.
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Like I said, it looks like he's willing to do it. We'll see if he does deliver, but he's setting himself up for a humongous fall is he promises this and doesn't deliver. Dare I say it but I think he'd be hated more than the Glazers by most fans, as he's our lady hope for a long time, so people are trusting him to be genuine. We'll see.
 
pocco said:
Like I said, it looks like he's willing to do it. We'll see if he does deliver, but he's setting himself up for a humongous fall is he promises this and doesn't deliver. Dare I say it but I think he'd be hated more than the Glazers by most fans, as he's our lady hope for a long time, so people are trusting him to be genuine. We'll see.
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I don't think he is not genuine. No one wants to do a bad job, that's just human nature to want to be successful and to be the best, especially humans who are exceptional like him. The question is, does he have the competence for this specific area. His track record does not fill one with confidence and his apparent allegiance to a British core poses a lot of questions. I'd love us to have a team full of home grown players or at least British talent as much as the next person. But to compete with the giants now, you can't limit yourself in my opinion. The other question is the finance. When Roman- and the Sheikhs took over, there was just a feeling that they'll spend whatever it takes. It doesn't fill me with confidence when I hear him trying to get the government help us with our stadium. It sounds like a man who is looking to make deals which is more than fine in the business world, it is actually the only way to succeed. But in football, competing with the likes of City, it's a different question. We'll see I guess, things can quickly turn if you have some astute appointments and the changing of eras which is the only inevitability in football.
 
Stinkypete said:
Along with my other point re: there being no 30% limit and the deal stating the club will generate shares as per investment at $33 a share you aren't really looking at it from a logical perspective.

This isn't something the Glazers can just put a block on. SJR is investing $300m at $33 dollars a share. By doing so it dilutes the Glazers control (I believe it is only a small amount per Glazer, the Swedish Rumble did a table with this information on posted earlier in the thread but it is what will happen).

Now if for example Ratcliffe decides to spend a further say $1b just to simplify, on a new stadium, he doesn't just pay for a new stadium out of the goodness of his heart, he gets shares in the business for putting money into an asset. The Glazers counter that in two ways, 1) the value of the shares they own will increase despite the dilution because you would be increasing the value of the club, they would lose percentages in the vote sure but they can counter that with 2) if they want to keep the club as opposed to sell up then they will have to also invest themselves to match Ratcliffes ambition.
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You’re talking nonsense.

As others have already said the issue of new shares generally requires consent from the existing shareholders. These are known as pre-emption rights and are included within law in England and Wales.

Pre-emption rights are specifically designed to stop your fantasy from taking place and would still require control of the company at some fundamental level to enable the issuing of shares in any event.

Now, if SJR wants to invest more money and he can get the Glazers to agree to him receiving further shares as his investment mechanism that’s a different story, but the Glazers are not powerless in the scenario as you suggest.
 
MadDogg said:
It is a possibility that somebody else (probably a state) will come in and buy us outright later on. But it's more likely that Ratcliffe will be the one doing it. It'll cost him less than it would any state. He'll already have at least 29% of the club, and chances are it'll be higher than that as the Glazers will likely issue further shares to him for further investment. They won't allow him majority control by doing that, but it's likely they'll happily let him increase it a fair bit more yet (bearing in mind that if his investments increase the value of the club, it'll be increasing the value of their shares).

As others have said, every other state has bought a smaller club and spent money to make them successful. It both works out cheaper that way and makes them more synonymous with that clubs brand. Using that same thinking now, it's more likely that a state would have preferred to buy us when we were down and then been the ones to turn us around, rather than just buying the finished product in the future. That's not to say it won't happen. Perhaps one of the states wants to do it differently this time. Perhaps the state wasn't in a position to buy now but will be in a few years. Things change. But based on what has happened before it is the lesser likelihood.


I'm pretty sure that redNation is actually right on this, and only the original 300m investment is guaranteed for that. It's then left open that future investment might be treated the same, but it would have to be agreed on by the Glazers in a separate discussion (and I presume it wouldn't necessarily be for $33 a share). What I'm not sure about is whether all the Glazers would have to agree, whether a majority of the Glazers would have to agree, or whether a majority of the owners (so Ratcliffe and two of the Glazers) would have to agree. I think it's either the first or second options, but not sure which.
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I should have kept reading, this is an excellent post.

Right of first refusal is pretty common and almost certainly something SJR would have been able to negotiate in as part of the deal.
 
tenpoless said:
This will get rid people who are in the club just for the easy monai.
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More to the point it will help his change initiative by contributing to a culture that rewards success but places a limit on financial reward in the event of failure. This is important. I think it’s especially important in a sporting environment, where you need a blend of transformational leadership (the head coach and coaching staff), and transactional leadership (the clubs payroll structure). Transactional leadership success has an inverse relationship with education levels, which is why it should always form a significant part of any premier league club’s leadership approach.
 
Still the positive leaks are happening after a poor result I see.
 
TheReligion said:
Freedman seems pretty good to me.

Track record at Palace looks decent. Eze, Olise. Anderson, Guehi are him aren’t they. And the new one Wharton looks good quality.
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Personally would be happy with either,apparently Ward has worked with Berrada at Man City so maybe something in that. Mind you Fergie is a big backer of Freedman too.
 
It’s all gone quiet on the personnel restructuring front even though over a week ago, the good news was daily.

Its the only thing that I’m interested in as regards to United at the moment. As regards to Ashworth, Wilcox and another guy being overkill and too many cooks… it seems like 2-3 football related directors is the norm at the biggest clubs, excluding the CEO.

Think how mad that is when for a decade it’s been mostly Woodward (someone with zero football experience) and whoever the first team head coach was at the time, running things.
 
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