It's amazing the complete lack of self-awareness of some people!
Don't forget the Rwanda deal on their sleeves -- an exorbitant amount paid by such a poor country too!
Club Sale | It’s done!
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It's amazing the complete lack of self-awareness of some people!
Don't forget the Rwanda deal on their sleeves -- an exorbitant amount paid by such a poor country too!
I’ll hazard a guess and say that it’s because it’s not a state bid.
Or cause he is seen as a shit owner as shown at Nice and lausanne. He poses no threat to them whatsoever
Well I think we all know that that’s definitely the reason for you.
Just look at his experience in football, its horrendous. If he bought Liverpool I would be out celebrating. I hope I'm wrong (if he buys United of course). The likes Sky and qatar are a different story though. Which is why these people tried/managed to block that bid. They didn't do that with glazers/ineos
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Having watched him before (not only this clip), according to Simon, there is nothing the PL can do to prevent a state ownership, because there is no law preventing a private company being sold to a state fund.
Great.
Yeah the point was obvious mate but it seems a moot point when no one is suggesting this thread or others on the same subject will affect the takeover directly.
Clearly he runs both clubs personally. Every decision made came directly from Sir Jim. You’re right, he’s clueless.
I can't understand how people can connect Nice with a possible Utd ownership. This would have no correlation on how he could possibly run Utd.
He bought Nice knowing full well PSG were about in the league and established and therefore it would be very unlikely to be able to take them on head to head. Perhaps he's got other reasons to why he wanted the club? Happy to build there slowly and organically.
If he got hold of Utd we aren't miles behind like Nice were and also have enough wealth to compete off our own backs. It's just not the same thing at all.
He's done pretty well with the cycling team too since buying them. They haven't gone to bits have they?
He won't be the successful bidder anyway but I don't think those other clubs have any bearing on how we'd be run.
He bought Nice knowing full well PSG were about in the league and established and therefore it would be very unlikely to be able to take them on head to head. Perhaps he's got other reasons to why he wanted the club? Happy to build there slowly and organically.
If he got hold of Utd we aren't miles behind like Nice were and also have enough wealth to compete off our own backs. It's just not the same thing at all.
He's done pretty well with the cycling team too since buying them. They haven't gone to bits have they?
He won't be the successful bidder anyway but I don't think those other clubs have any bearing on how we'd be run.
That ship sailed long ago.
How to stop people like Boehly? The PL will still be flooded with crazy money even though it's not state owned. The problem will still be the same. There will still be people like Boehly, Elliot and whatnot. Chelsea is spending more than City in the last 2 windows.
Yeah, in fact ships are old hat now. Now it’s all about monorails
Yeah but the state owned clubs tend to have a clue what they are doing and be quite effective, domestically at least. Boehly is an unmitigated shit show!!
Yeah but the state owned clubs tend to have a clue what they are doing and be quite effective, domestically at least. Boehly is an unmitigated shit show!!
By banning state ownership, City and Newcastle will be forced to sell. Without their owners they will go into bankruptcy overnight.
Suddenly, Chelsea will be the new City with unlimited funds from Boehly and dominate the PL. After that more investment funds company, billionaires will come in and buy PL clubs. The problem will still be the same. What's next to ban?
Hmmm
The reason Boehly was able to spend as much was Abramovic. He paid off Chelsea's debt and allowed to start from a great platform, so here again we run into the state argument.
However, I agree that you just cannot account for crazy owners and people who want to win, as opposed to asset-strip clubs like the Glazers have been allowed to do for going on 20 years which is apparently fine and dandy.
It's almost as if there should be some rules on who can own a club and how they are able to run them.
Not very promising if true, wouldn’t be surprised if Glazers are pissing bidders and Raine Group off by refusing to accept reality of what club is actually worth.
Journalistic guesswork. Reeks of “remember this is still a story” during a period where there’s nothing to report as it’s not a quick process.
He is Jassim's mouthpiece, so "bidders" in this case means Jassim. So the Qatari haven't been contacted. No doubt Jassim has offered more money than Ratcliffe, so while not impossible, it's pretty unlikely they've contacted him. Even if they contact them today, it would mean weeks of working out the deal. This and the drawing out of the process points to a certain... other direction. At least from my point of view.
Agreed, almost though the football world forgets that two of the biggest religions in the world have significant event during this current period: Easter and Ramadaan. Things always quiten down any holiday/religious event period as people including executives take leave, go on holiday etc.
Yes it may seem slow, but as others have said its a huge potential $6billion dollar deal. Which involves buying out minority shareholders, dealing with PL/FA, finanicial institutions, underwriting of finance, lawyers, governement of purchasing country, international exchange rates, withdrawal of club from stock exchange i.e. no longer publicy listed. Also the sponsors and advertises for the club who may have concerns about the new owners.
Also no doubt a whole maze of companies created by glazers and registered off shore to reduce their tax liabilities here in UK and USA.
Thens the speculation on when exactly to sell (if they do) to ensure that the dollar is in its strongest position against whatever purchasimg currenency is being used, to ensure glazers get maximum bang for their buck.
Also, if there is internal division within the glazers to sell or not, then that will delay the process.
Also it maybe a case of reality hitting home for the glazers and them realising that their years of indifference and neglect of the stadium/training ground etc is affecting the sale price they wanted. Which no doubt must have been $1billion dollars for each glazer family member.
Its a fecking complex deal and not one that is eqivalent to going over and offering 10k for dodgy daves car lot, Only Fools and Horses style.
Would have thought that this week there will be definitive news one way or another, if not, then the Glazers somewhat actually start to run the risk in business circles of having questionable integrity.
You'd think that, before entering into negotiations to sell, they'd have made sure all parties to the sale were on board with it, or at least the position of any dissenter couldn't scupper the deal.
This the Glazers we are referring to. They are so bad, they can'trust even sell the club without logical steps being taken.
Just too much beating around the bush to introduce a proper FFP and enforce it. Make an example out of City, everyone knows they cheated with the FFP regulations. Enforce spending rules with clubs like Chelsea, Newcastle etc. Put in a wage-cap.
Of course that means that the rich stay rich and they want to preserve a pathway for clubs like Newcastle, City to grow.
You can't have your cake and eat it too.
Of course that means that the rich stay rich and they want to preserve a pathway for clubs like Newcastle, City to grow.
You can't have your cake and eat it too.
This is a tactic from the Raine Group and glaziers to smoke out the last two bidders, they want as best to £6.bn as they can get even with the recent club debt of nearly £1bn. Qatar might have thought they had won entry to a sole bid but The Glaziers by not contacting them are forcing Qatari to rebid or counter bid an unknown bid, a true game of bluff entering the final stages.
We will know one way or the other by the end of this week what’s actually going to happen next. My guess is and it’s a pretty weak a… Guess is we will hear the Qatar and SJR have been put through to a final round of bidding with one more unknown party.
Ahhh football fans…..
Yet there would be complaining, bitching, moaning and crying that “the deals gone south, it must be off” if they said nothing at all. But at the same time, these journalists get hounded every single day for an “update”.
It astounds me modern day football fans inherent need for update’s every single day but then at the same time call every update “bullshit” or “PR”. It’s exhausting.
Liverpool
I agree I hate all the hounding for updates. We aren’t all one person mate.
Ha! Very true.
I'm all for not allowing state sponsored clubs, but that'll have to apply to everyone, including those who are already owned by those states. I don't see how they're going to be able to get the City and Newcastle owners to sell up.
If all the Glazers have got is stalling then they are going to have to be the ones to start to move their valuation. I’m sure Raine Groups biggest concern is keeping the sale moving so it actually goes through and they get their commission.
They’ve effectively done their job and worse case scenario for them is no sale. There are only so many hoops can make buyers jump through, there is no huge bidding war or a whole host of potential buyers. Glazers now have a clear indication of what they can get it’s just whether they want to accept or not.
Just what we all wanted to know. Thanks journos.
Next is what food was served that day. That may give some idea on why some bidders had to ask for an extension.
I think another round of bids would be happening now if that was the case. I think it’s more likely that one party has been picked to negotiate exclusively with Raine and that they are trying to squeeze the price up a little more. Or a price has been agreed and they are working to complete the deal.
I don’t know what has to be announced publicly though as some shares are traded on the stock market.
Reminds me of the excuses people usually make for our annual slow transfer window: "Calm down, it's only May/June/July/August. A player transfer is not simple...etc"
Indeed. I was having a chuckle at the Mirror earlier, still running there ‘Man Utd takeover LIVE!’ Even though it hasn’t really been updated in weeks!!
Ships can sink.
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