That’s what I think too. He probably is not able to match other bid(s) financially so will offer less but with those 2 Glazer leeches staying in hopes it will sway them.
Who says they sell up before then?They don't get their shares back
Like the one the Saudis have with the PL over who controls Newcastle?!
Just me thinking out loud but it’s very possible that INEOS get control of the club now, buy the non glazer shares first to increase their percentage and then focus on buying out A&J from a position of strength.
Maybe not but I think it's a bit naive to think they won't have some level of control. They won't just hand over all power to Ratcliffe. Just won't happen.
The irrelevant ones?
Why not? What's to stop them treating their stake as a pure investment and stepping away from having an active hand in it. If you think Ratcliffe is spending billions on the club only to power share, then maybe you're the one that is a bit naive.
Themselves.
They like running the club.
The club has only ever been a means to an end for them (to extract as much as they could). If someone said to them 'you can make the same amount of money you'd make running the club by doing nothing' I have zero doubts they'd have taken the offer. They don't like running the club, they just like what it gives them. So I fail to see why according to you they would definitely want to retain control when there's the option to sit back and watch their stake increase in value without doing any of the work required for that to happen. Also, again, what incentive is there for Ratcliffe to buy the club only to keep the Glazers in power, to some extent?
You do realize that the Glazers themselves choose if/when/how the club is sold right? If they don't want to sell to Ratcliffe they tell him to feck off. Ratcliffe doesn't have the power here. They set the structure of this deal, it's up to Qatar or Ratcliffe to agree to their demands if they want the club.
Exactly why it fell apart when Fergie left the building. He got to run the club while they did little and quietly collected
Mhm, cheers. I retain hope but this latest setback is the only thing that puts doubt in my mind.
Reading this thread, some people would unironically lap it up.
But, again, if Ratcliffe doesn't like those terms then why would he buy the club? They want to sell it, so they don't get to have their cake and eat it as well (expect to get the six billion while still retaining control). What precisely is in it for purchasers if they do?
Ratcliffe isn't the only option though. It's not like its this or nothing.
He also has to agree to the demands of the Glazers to first buy the club whatever they may be.
Yup. They've never seen it as anything other than a piggy bank. If they can just sit back, let someone else do the hard stuff and watch the value of their investment grow I'm sure they'll jump at the opportunity. It's not like they've been super hands on owners in the past so I'm not sure why some folks think they'll be desperate to retain control.
What about the 2 different classes of shares though, with the A and B divide, and the Glazer (A) shares having 10% as much voting power, then being converted to B or 1/10 voting shares when sold unless negotiated? Don't the Glazers all have to sign off on on any externally sold shares remaining A shares, which would therefore mean securing the agreement of the two (hypothetically) remaining Glazers
If you had an asset worth billions I'm pretty sure you'd want a say in what goes on with it.
Do you understand how negotiations work? It's not just a case of the glazers setting out exactly what they want and someone agreeing. Otherwise I'd have sold my last house for 8 million and Margot Robbie (is she still relevant?!)
