Club ownership | Senior management team talk

Ronaldo retires, gets his Saudi mates to buy United and puts him in as the chairman.

That's what I was thinking when he started making comments on United in social media recently. He may have a similar post- retirement plan as Becks. Club ownership as part of his incentive to play in the MSL. #WC2035

Makes a lot of sense. He can't really 'buy' any of his other former clubs to match his stature
 
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I am not sure what sort of legacy SJR thinks he will be leaving behind, if he is the one that allows the Glazers to hang around until after the US World cup and beyond then that is what he will be remembered for. It's an interesting take though, but I just don't see it.

I also don't see why SJR would want to be the one who does all the dirty work for the next 5-6 years to raise the value of the club for just 27 % of the return, or more likely still raise the cost of the remaining shares they want to buy themselves by a stupid amount.

It was always a crazy deal on paper for Ineos if they don't take full control in the near future. It's a bit like people who own shared ownership houses, why would they want to invest a load of money into their house until the own it outright, as anything they do to it before will only benefit the other shareholder alot more than them when it's sold, or cost them even more when they want to buy more shares.
A valid point, and goes a away to explaining why the Glazers used so much debt in the LBO back in 2005 rather than an equity partner.
In truth, Ineos have greater control than a typical minority shareholder. They get to use the club's funds (which belong to all shareholders) to support an agenda set by them. If they are successful then all shareholders benefit according to their stake. The price for that extra control, you could argue, is the share premium the Glazers might demand.
In any event, we know from the records that the deal that brought JR on board wasn't the deal he wanted. It was a compromise. Both parties needed to be satisfied. The Glazers wanted a full sale or a minority equity partner. He wanted majority control via the Glazer B shares. All of his many offers, excepting the winning bid, had him acquiring all the B shares. The final unsuccessful bid was $33 per share for 60% of the B shares upfront with the remaining 40% to be purchased in 3 to 5 years through a series of binding put\call options. It was a generous bid.
The compromise- he finally settled on a 25% minority stake at $33 per share for B and A shares.
So all of his unsuccessful bids had him buying around 70% of the equity. The other shareholders could stick around, but he wanted the Glazers gone. No doubt that remains his position and the agreement provides a mechanism by which he can buy more of the Glazers' B shares. But neither party is obliged to buy or sell.
Hard to call the outcome. Only idek2346 knows.
 
I've seen a number of posts regarding our potential spending in this window and the summer but something I haven't seen mentioned is the potential to sell academy players to Nice (also owned by SJR) to navigate PSR and allow us more room for transfers.

Sell Biancheri to Nice for 15m, this would hypothetically allow us to buy Cunha for 60m as long as the transfer was amortized over at least 4 years.

Another transfer which could really help us is Angel Gomes. He's a free agent this summer so if United sign and then immediately sell him to Nice for 25m. It would also be pure profit as he's an academy player and this would open up 100m transfer again assuming it's amortized.

The majority of Chelsea's spending has been funded by selling academy players.

Sell Harry Amass to Nice for 20m and insert a buyback clause for 21m. Once again it opens up a world of possibilities for us in the transfer market.
The clubs can't do transfers between each other, hence why Todibo couldn't be signed in the summer.

Nice aren't even allowed to make contact with United's ownership so technically Ratcliffe should be having no influence at all over them this season.
 
The clubs can't do transfers between each other, hence why Todibo couldn't be signed in the summer.

Nice aren't even allowed to make contact with United's ownership so technically Ratcliffe should be having no influence at all over them this season.
However these are UEFA rules and only apply when both clubs are participating in UEFA competitions (or maybe even the same competition, I'm not sure about that point). Was the same for Red Bull - Salzburg and Leipzig made weird deals all the time until Leipzig got qualified for the CL. Then they had to restructure things as both clubs wanted to participate in the CL, but not before.

So if this season ends without qualifying for Europe those limits wouldn't apply as far as I understand.
 
However these are UEFA rules and only apply when both clubs are participating in UEFA competitions (or maybe even the same competition, I'm not sure about that point). Was the same for Red Bull - Salzburg and Leipzig made weird deals all the time until Leipzig got qualified for the CL. Then they had to restructure things as both clubs wanted to participate in the CL, but not before.

So if this season ends without qualifying for Europe those limits wouldn't apply as far as I understand.
I think that's correct. As things stand, after 30th June it would be possible to deal with them again.