Not if a brand new stadium is built on different part of the land they own.
Club Sale | It’s done!
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Not if a brand new stadium is built on different part of the land they own.
It depends on the type of renovation but as an example of a large stadium that was renovated and used at the same the Velodrome lost 1/5 to 2/5 of average attendance during 3 years. For United that would be something like 100m over 3 years but that's for a normal renovation.
Agreed. If only the Premier League had stepped in before the Glazers bought United on borrowed money, instead of waiting until after the takeover to create an 'anti Glazer rule' then we wouldn't be in this mess where we're left with no choice other than needing to be state owned to stop our club getting leeched off.
Which isn't a renovation.
That tweet has already been laughed off. Football finance expert..Deary me
We don’t know for sure, no reason it couldn’t/shouldn’t but INEOS have pledged ‘no new debt’ so that would indicate not to me.
There are too many interested parties and differing opinions and viewpoints to deal in ideals. We have to be pragmatic and settle for the ‘best possible’. This might be it!
Interesting.
Are you horny or something?!
Clearly he's been watching the Bresex genre in Pornhub.... or so I heard.
By clueless people who think they know better.
Original source of the tweet... Sounds as if they are planning for a takeover.
How does he evaluates the increase in revenue and how does he evaluates the cost of the redevelopment?
Qatar bid will be successful, they are all getting their ducks in a row
Full article:
Manchester United Plc has asked bidders to clarify the source of their wealth and who would become the club’s ultimate beneficial owner ahead of a looming third deadline for offers.
The questions were sent by Raine Group, the US bankers employed by the current owners, the Glazer family, to oversee the potential sale of the club. The demands were made in recent days, according to people familiar with the discussions. They range from queries about the source of their money to debts that will be secured against the club and future financial models.
The development will put the spotlight on the two main contenders to purchase the historic club: Qatari royal Sheikh Jassim bin Hamad Al Thani and the Ineos boss, British billionaire Jim Ratcliffe. Jassim’s bid is made through a new entity called the Nine Two Foundation set up specifically to bid for the club.
The questions appear to be an attempt by the current Manchester United hierarchy to ensure any new owner complies with ethics tests recently proposed by the UK government. Ministers have announced plans for a new football regulator that would require owners of Premier League clubs to declare where their money comes from and their ability to manage debt, although the rules have not yet come into force.
A government official welcomed the efforts to adhere to future regulations on football governance. Spokespeople for Manchester United and Sheikh Jassim declined to comment.
Ratcliffe’s camp also declined to comment on media reports that his consortium has decided to offer the Glazers the option to stay on as shareholders. It cited the signing of non-disclosure agreements.
The development comes ahead of Friday’s latest deadline for bids after both the main bidders missed a previous one and had to fight for extensions. Meanwhile, the clock is ticking toward the summer player trading window, a critical time for clubs to refresh their squads.
Manchester United currently lies fourth in the Premier League, meaning it would qualify for Europe’s elite Champions League competition next season. The team is level on points with third-placed Newcastle United, which is backed by Saudi money, though trails title favorite and current champion Manchester City by 14 points after it beat top placed Arsenal on Wednesday evening.
Manchester United Plc has asked bidders to clarify the source of their wealth and who would become the club’s ultimate beneficial owner ahead of a looming third deadline for offers.
The questions were sent by Raine Group, the US bankers employed by the current owners, the Glazer family, to oversee the potential sale of the club. The demands were made in recent days, according to people familiar with the discussions. They range from queries about the source of their money to debts that will be secured against the club and future financial models.
The development will put the spotlight on the two main contenders to purchase the historic club: Qatari royal Sheikh Jassim bin Hamad Al Thani and the Ineos boss, British billionaire Jim Ratcliffe. Jassim’s bid is made through a new entity called the Nine Two Foundation set up specifically to bid for the club.
The questions appear to be an attempt by the current Manchester United hierarchy to ensure any new owner complies with ethics tests recently proposed by the UK government. Ministers have announced plans for a new football regulator that would require owners of Premier League clubs to declare where their money comes from and their ability to manage debt, although the rules have not yet come into force.
A government official welcomed the efforts to adhere to future regulations on football governance. Spokespeople for Manchester United and Sheikh Jassim declined to comment.
Ratcliffe’s camp also declined to comment on media reports that his consortium has decided to offer the Glazers the option to stay on as shareholders. It cited the signing of non-disclosure agreements.
The development comes ahead of Friday’s latest deadline for bids after both the main bidders missed a previous one and had to fight for extensions. Meanwhile, the clock is ticking toward the summer player trading window, a critical time for clubs to refresh their squads.
Manchester United currently lies fourth in the Premier League, meaning it would qualify for Europe’s elite Champions League competition next season. The team is level on points with third-placed Newcastle United, which is backed by Saudi money, though trails title favorite and current champion Manchester City by 14 points after it beat top placed Arsenal on Wednesday evening.
Yep, agreed.
I hate that our best apparent option is rights abusing oil money, but it is what it is.
The option appears to be take the money and have a chance at a healthy club, or continue to watch us flounder, crushed by mounting debt and parasitic owners.
It's real shitty. Feck the premier league for allowing it to happen in the first place.
Just reminiscent to what people say is the obvious benefit being not this and not thinking of the wider consequences.
The club’s historical reputation and heritage makes Manchester United what it is. Without it it would just be like any other club.
That will still remain, it did with terrible American owners. For all intents and purposes Newcastle's heritage hasn't just disappeared, certainly wasn't gone in the lead up to the League Cup final
Or they are looking for grounds on which to deny the Qatari and make it seem Ratcliffe was the only viable option anyway. Why are they doing this now?
Don’t be weird.
I am totally on board with this questioning but I am pretty pissed off they decide to spring it on now rather than earlier in the 1st or 2nd rounds.
Yeah could/should have been asked months ago.
I fear its very unlikely that a full takeover will be completed before the start of next season now.
It will also give Raine/Glazers an indication of how much they can squeeze the bidders too ie how deep are their pockets. Questions of the future business model really isnt any of the Glazers' business.
The ethics part is a red herring.
It would be pretty terrifying if anyone could buy the club without their source of wealth being checked.
For the last nearly 20 years we were financially raped by the Glazers. That's our history --- and now we are hoping for some proper course correction.
Sounds like a ticking box exercise which is positive.
Are you horny or something?!
Name checks out too, redcucumber.
It's a few questions about funding. Doesn't sound too hard to answer in good time?
Well that's if you believe that he's actually a United fan.
Let's be honest, the guys just another billionaire wanting to increase his status, and or wealth.
That was done in the 1st round when you qualify the bidders.
Happy that debt etc is being focused on as well. I don’t want Jim coming in and putting all the weight on the club
I missed that! He might as well be called dogs lipstick!
You don’t give up do you? Like a broken record!
They’d still have all the say so there’s no way he’d purchase shares that would convert. In the event of this scenario the shares would be amended and Joel and Avram would be effectively powerless.
The conversion of the share rights is control in place to stop one of the siblings going rogue, it would be removed if they are all in agreement this is what they want.
That's our history if you were born in the 90s and became a fan because united started winning things.
It will remain but with state ownership there will be a distinct break with it.
And the likes of Newcastle and Man City don’t have a history and heritage that’s in any way comparable.
These questions are nothing unusual. You have to confirm these things for most deals / registrations anyway.
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