Missed the big news. Is it Jim + the glazers? What happens to all that debt?
I’m no Qatar in guy but I’m a bit worried by the prospect of that.
I’m no Qatar in guy but I’m a bit worried by the prospect of that.
Club Sale | It’s done!
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If it's not enough to outbid the highest bidder it's not enough to win, and everything else is all talk that doesn't need to be backed up.
Just nice to be in the conversation. Underdog story at its finest.
He did well to be fair.
He's aiming for a local derby agaist Oldham Athletic.
To be completely honest, if this is actually true, then is Jassim really the best option for us? The entire purported benefit of them is that they have unlimited money to pump into the club. If they can't even put together an offer that beats Ineos, then do they actually have the sort of money that those hoping for them (myself included) actually have?
Correct me if I am wrong but it says "values higher". To my understanding, Qataris offering £5b for 69% while INEOS can be considerably lower, something like £4.2b but they are buying less shares (keeping 2 of the leeches), possibly around 50% which would mean that yes, their valuation of the club is higher but it's still up to the leeches, depending what they want. However since it was rumoured for forever that 2 of those cnuts want to stay, they will likely choose INEOS.
@VP89 What do you think about my crystal ball? 
Wasn't Qatar the more popular option so probably misdirected anger here.
SJR owns 60% of Ineos who are a huge company with turnover in the vicinity of €15-20bn annually and profits of €1-2bn per year. They have the money to pay off the debt or refinance the debt, certainly have enough money to invest in a stadium, training ground upgrade and new players.
The real issue is SJR current track record with football clubs, he needs to know that United fans want to win and win at all costs so let’s here your mandate asap that puts us back on top, then those sitting on the fence with your ownership proposal will either get behind you or consider you just another vanity owner looking to say you own Man United but don’t care whether we win or lose?
The real issue is SJR current track record with football clubs, he needs to know that United fans want to win and win at all costs so let’s here your mandate asap that puts us back on top, then those sitting on the fence with your ownership proposal will either get behind you or consider you just another vanity owner looking to say you own Man United but don’t care whether we win or lose?
Of course the Qatari Chevy Chase loses out. This whole debacle is about as National Lampoon's as one can get.
I think I read the Qatari bid is for 100%
Their bid isn't higher, it's less but technically values the club more. They won't be paying off the debt and they won't be upgraded facilities. Which Jassim's was. Ratcliffe/Ineos are just paying Glazers to have a big stake in the club, no debt paid, no facilities upgraded, no cash injection for transfers. Nothing will change except Glazers get a few billion
Isn't one of the issues with the Ratcliffe bid that even if he buys the club and factors the Glazers in, there's still that huge capital investment in the stadium infrastructure that likely led to the Glazers looking to sell up to begin with.
They'll have sold most of the club, retained a stake and still have to find money for the ground albeit with a smaller liability
They'll have sold most of the club, retained a stake and still have to find money for the ground albeit with a smaller liability
It's a perfectly valid argument based on what was initially agreed.
If you promise something and then don't deliver, then your promise wasn't really worth anything.
And of course FIFA made the decision to move it, they didn't have a choice did they unless they wanted to serious problems regarding player welfare. The whole thing from bid to the opening ceremony was a shit show. Though I agree the world cup it self was very good.
I think he has a source on the Qatar side and a source at Raine, hence the somewhat conflicting news we've getting from him.
When there was no news of the SJR fee he was willing to pay it was highly suspicious.
I think nothing is concluded yet.@VP89 What do you think about my crystal ball?
The same journos that said the Sheikh Jassim bid was just over 5bn and improved are the ones who said that's what he bid on the 2nd round at the time. No one actually knows enough and posters are constantly taking it as bible, which is hilarious.
I also think it doesn't matter who's in charge, you're still being acting on presumption.
I still don't really get this. How are they bidding for the whole club when it's not the whole club that is for sale? Only the 69% of the Glazers is currently 'for sale'
It's not within the Raine group's remit to sell the whole club nor do they have the authority.
Avram and Joel prefer to stay as you said. They know their siblings won’t choose Ratcliff unless he buys them out at a higher valuation. They most likely encouraged Ratcliff to bid more so the other siblings agree.
Yeah 100% i agree
But there’s nobody in the world willing to take on a 5-6B organisation that is riddled with debt and needs massive investment outside of Qatar
So they’re getting fecked for trying to do the right thing whilst the winning bid will be a 69% purchase backed by debt and zero plan for the club
It’s the club who will ultimately suffer
Why would they care what anyone else gets, of if any other shares ever get bought? They care about one thing and one thing only, getting the most money for themselves. If Ineos' valuation is higher then the shares that each Glazer is selling makes more money.
If they get their money and their siblings get their money, they won't give a toss if he doesn't spend a penny on the stadium.
The reputational damage Raine would suffer if they were seen being indiscrete given the world they operate in and who they operate with, I have a hard time believing they've genuinely leaked anything to be honest.
This post reeks of you trying to get a link to tomorrows match
Open this thread and the first thing I see is a longtime poster wishing death on Ratcliffe. At least we are all keeping a level head then 
As long as the Glazers are not on control then things are going to be looking up for us. We've survived the Glazers this long we should be alright.
As long as the Glazers are not on control then things are going to be looking up for us. We've survived the Glazers this long we should be alright.
Promises are more enticing than actual financial common sense.
All it takes is one lowly analyst who can't keep his or her mouth shut.
Could also be misdirection - he's gotten some important details wrong in past briefings.
Read the last 4-5 pages, ^this pretty much sums it up.
They could very well have 'leaked' this if they're looking to push Qatar higher.
But otherwise, I agree.
But their offer is much more than the bid isn’t it. It’s to pay the Glazers then commitment on the debt and stadium they’re probably offering to pay in total about 3 times that of Jim but ultimately the glazers give zero fecks about the stadium and future plans and want to stay
The bid is for the whole club in that that’s the value they place on the entire club.
That bid will also be presented to the holders of the shares traded publicly. They would be incentivised to sell because it already comes at a massive premium on the share price.
Isn't that irrelevant now though? Can any more bids actually be made?
I've always had the feeling this is a passion project for Ratcliffe, a dream of sorts and that he will invest everything he can in the club to ensure his legacy.
It's only a feeling, based on the billionaires need to be remembered. Some do philanthropy but I think this would be his way of creating that legacy. Nobody is going to remember who Britain's richest man was for a couple of years in the 2020s but millions will remember the man who leads United back to glory.
It depends on how much they are willing to spend and how they are willing to finance it. For example, it is not impossible that on the short term Ineos doesn't touch most of the non-Glazer shares and instead allocate 700m-800m in a new stadium(while adding a 500m-600m) loan. Then one way to largely finance both the debt and the club would be through naming rights, as an example the Staple Center became Crypto.com Arena for 700m$ over 20 years.
It does but I don't think it's happened. These are serious people. This isn't like finding out whether the left back is going to be fit for Sunday. I also don't believe football reporters are in any event trusted confidants of these analysts. Even lowly ones.
I said it in my post. They’ll still negotiate during the exclusivity, and being in exclusivity doesn’t mean anything is done. They could easily say to the Qataris “we will give you first refusal and go exclusive in negotiations with you but you’ll have to pay X more”
Call me shallow, but I just wanna know if we will have a war chest this summer or not or is it too late in the year for all this shit to be concluded?
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