Club Sale | It’s done!

[horsechoker]

If Jassim hasn't bid enough then he hasn't bid enough and is very naive but it's all a bit hard to believe.

I can believe INEOS has bid that amount and are serious but Jassim's just sounds amateur. Perhaps Jassim is relying on United fans kicking up a fuss so the Glazers accept his lower offer.

 

[Berbaclass]

They haven’t though, they’ve bid around £4bn. Unless Raine give Qatar a chance to revise their offer, it’s done it seems.

Jacobs seems to suggest that they can

 

[AneRu]

They are irrelevant in terms of gaining control of the club. Hence ratcliffe has not bothered to bid for them

Right on, those shares are irrelevant currently and we are not like City or PSG where you need to cook the books and invest vast sums to make us a force. They should have targeted the 69% owned by the Glazers and just ignored the 31% which they could still buy, in batches, at opportune moments. It doesn't make sense, they knew the figure the needed to reach and have consistently underdelivered.

A Sir Jim takeover wouldn't be disastrous even if they kept the two rats. What's most important is that we emerge from this with the Glazers having little to no say and an owner willing and able to invest in the club. Sir Jim wouldn't commit billions of pounds and then go full Glazer mode, he'd lose money as he would have skin in the game unlike these trust fund brats who just inherited the club.

Also from the looks of things Avram and Joel are the ones actually interested in United as a club whilst the rest weren't so we don't know the family dynamics regarding how things went. I don't see then demanding dividends if their major interest is organic growth of the value of the club for example.

We have never needed a sugar daddy owner, even though it would be easier, what we need is an owner focused on the football and who recognizes the need for the 'best in class' talent at all levels. SJR has lined up the former PSG GM to help out in running of his clubs and in preparation of the eventual takeover of United. We will be ok with him at the helm, I am not worried.

 

[strandty]

If you believe Jacobs then there really isn't that much between the two bids, relatively. You would imagine if that is the case Qatar will at least match Ratcliffe

There’s around £1bn in it going on Jacobs…

 

[DownRiver]

In any other bidding process - you can see the highest bid. However, NDAs and lack of clarity until the round closes make it very hard to know.

It seems that INEOS's bid is the highest right now in valuation, but Jassim's side won't know what the other has bid until told by Raine group, which only happens after the deadline!

For all we know, INEOS just took a higher punt than Jassim. The glazers will not just stop the process, they will give Jassim's team one final say for a higher bid before deciding.

 

[clarkydaz]

If Jassim hasn't bid enough then he hasn't bid enough and is very naive but it's all a bit hard to believe.

I can believe INEOS has bid that amount and are serious but Jassim's just sounds amateur. Perhaps Jassim is relying on United fans kicking up a fuss so the Glazers accept his lower offer.

Seems all the bluster about clearing the debt and new stadium gave the Glazers chance to say, yeah we'll take that investment price ontop thanks

 

[strandty]

In any other bidding process - you can see the highest bid. However, NDAs and lack of clarity until the round closes make it very hard to know.

It seems that INEOS's bid is the highest right now in valuation, but Jassim's side won't know what the other has bid until told by Raine group, which only happens after the deadline!

For all we know, INEOS just took a higher punt than Jassim. The glazers will not just stop the process, they will give Jassim's team one final say for a higher bid before deciding.

I reckon so too, it’s effectively their last chance to squeeze a bit more money out…their only goal

 

[Infra-red]

So, according to Ben Jacobs, it seems that Jassim's bid is c. £800m (the amount he has pledged for investment) short of that of Ineos/SJR.

Jassim has included the £800m investment in his offer (which pads out his final bid up to just over £5bn), while the Ineos/SJR bid is £5bn straight (without investment figures to top it up).

If true, Qatar are toast.

 

[Castia]

Well yeah I get that, but if they are really determined to buy United, a chance which is unlikely to come again soon, and they have that financial might, then would it not be worth it from their end to put together an offer that would blow Ineos and the Glazers away?

Because they’re already overpaying

There’s one person on the planet willing to do a 100% bid for the club which tells us everything

The bid is a world record bid and further commitments to clear 690m of debt and 1B upwards on the stadium just won’t be met by anybody else.

Anybody who gave a single feck about the club would have taken that offer weeks ago but these greasy ugly American turds want to pocket money and still be involved

 

[Berbaclass]

So, according to Ben Jacobs, it seems that Jassim's bid is c. £800m (the amount he has pledged for investment) short of that of Ineos/SJR.

Jassim has included the £800m investment in his offer (which pads out his final bid up to just over £5bn), while the Ineos/SJR bid is £5bn straight (without investment figures to top it up).

If true, Qatar are toast.

Not yet

 

[Infra-red]

If you believe Jacobs then there really isn't that much between the two bids, relatively. You would imagine if that is the case Qatar will at least match Ratcliffe

Jacobs is saying that Qatar are some £800m short. That is not peanuts.

 

[Maajid]

 

[Plant0x84]

Well that’s a turn up for the books. Really surprised by that.

 

[horsechoker]

So, according to Ben Jacobs, it seems that Jassim's bid is c. £800m (the amount he has pledged for investment) short of that of Ineos/SJR.

Jassim has included the £800m investment in his offer (which pads out his final bid up to just over £5bn), while the Ineos/SJR bid is £5bn straight (without investment figures to top it up).

If true, Qatar are toast.

Which would mean Jassim is really naive, perhaps he thought The Glazers would put the club first.

The details don't add up

 

[strandty]

Jacobs is saying that Qatar are some £800m short. That is not peanuts.

Qatar have also previously said it was a final take it or leave it offer last night which is worrying.

 

[JagUTD]

Well that’s a turn up for the books. Really surprised by that.

I'm sure you were Jim, I'm sure you were.

 

[Berbaclass]

Jacobs is saying that Qatar are some £800m short. That is not peanuts.

I mean, I said relatively because 800m is sort of not a lot of money to both bidders

 

[Adisa]

If you believe Jacobs then there really isn't that much between the two bids, relatively. You would imagine if that is the case Qatar will at least match Ratcliffe

Read it again.
There’s a massive difference.

 

[JagUTD]

Qatar have also previously said it was a final take it or leave it offer last night which is worrying.

To be fair their word is worth even less than their poxy bid for United, so Qatari feelers may yet still be in with a chance.

 

[Plant0x84]

Ratcliffe outbidding Qatar. Who saw that coming.

But he has got the money??! He’s a bluffer, right?

 

[Berbaclass]

But he has got the money??! He’s a bluffer, right?

He's not bidding with his own money is he

 

[AlPistacho]

Qatar > INEOS > status quo

We should all celebrate the Glazers leaving (and yes, a 20% equity stake with zero control is effectively the same as them fecking off). My concern is that Qatar will be free to go and purchase another club in the league instead.

Spurs or West Ham.. hell even Fulham will end up better then us if they get bought by Qatar. So many London clubs that will cost less, be easier to attract players.

 

[JagUTD]

He's not bidding with his own money is he

We've long since established all bids are subject to back of sofa money. Please keep up.

 

[Infra-red]

Which would mean Jassim is really naive, perhaps he thought The Glazers would put the club first.

The details don't add up

One benefit that Ineos/SJR have over Qatar is that they are prepared to leave Joel & Avram in place, while Qatar are not. This means that Ineos have fewer shares to purchase and can therefore afford to pay more for those shares on a per share basis and win the bidding (the four wantaway siblings will seemingly get a better deal from Ineos than they will from Qatar). Qatar will have to significantly up their bid (by about 25%) if they are to stand a chance - that seems pretty improbable.

 

[MF1138]

I mean, I said relatively because 800m is sort of not a lot of money to both bidders

Based on the reported bids it's a huge amount.

I find the reports questionable though, because not a lot adds up.

 

[Mickeza]

If you believe Jacobs then there really isn't that much between the two bids, relatively. You would imagine if that is the case Qatar will at least match Ratcliffe

What!? If what Jacobs says is true Qatar are utter bullshitters. The 5bn valuation includes the debt and 800m infrastructure investments.

 

[JagUTD]

Spurs or West Ham.. he’ll even Fulham will end up better then us if they get bought by Qatar. So many London clubs that will cost less, be easier to attract players.

I can see it now. Welcome to World Cup Winning West Ham United, Mr Mbappe.

 

[AlPistacho]

Fantastic news if Radcliffe gets it, have been dreading the Qatari takeover for months.

You must be a rival fan whose seem the great job Ratcliff has done at his Swiss and French clubs.

 

[Berbaclass]

Based on the reported bids it's a huge amount.

I find the reports questionable though, because not a lot adds up.

It's a big difference in valuation yes. But for both parties it's a fairly small number relatively.

 

[Rojofiam]

I'm sure you were Jim, I'm sure you were.

 

[Berbaclass]

What!? If what Jacobs says is true Qatar are utter bullshitters. The 5bn valuation includes the debt and 800m infrastructure investments.

Once again, I was inferring that due to both parties total wealth it's not a massive amount. In terms of the actual valuation yes it's smaller but can Qatar just pay the difference, yes if they want to.

 

[Kinsella]

I mean, I said relatively because 800m is sort of not a lot of money to both bidders

It is from the Qatari standpoint in respect of adding Manchester United to their expanding portfolio of properties. It would have knock-on effects for any further purchases.

 

[crossy1686]

Jacobs seems to suggest that they can

There's zero chance they're not going to allow Qatar to bid more. Sorry lads, we're shut, take yourself over to Liverpool instead

 

[Smores]

So Qataris are already fudging the numbers

 

[Plant0x84]

What happens if he pops his clogs, does it go to the company or his family?

What’s everyone’s morbid obsession with SJR dying?

 

[Berbaclass]

It is from the Qatari standpoint in respect of adding Manchester United to their expanding portfolio of properties. It would have knock-on effects for any further purchases.

I understand the point you are making but a Qatar-backed United will suffer that no matter what IMO

 

[Cloud7]

Well that’s a turn up for the books. Really surprised by that.

Same. Of all the ways this could have gone, Ineos outright bidding more than Qatar is the last one I expected

 

[Mickeza]

Once again, I was inferring that due to both parties total wealth it's not a massive amount. In terms of the actual valuation yes it's smaller but can Qatar just pay the difference, yes if they want to.

Well it’s over 1bn short of a valuation that’s already 700m short of the asking price. It seems rather significant to me. I don’t see how they’d just up it if they haven’t so far 3 bids in. Plus they never mentioned this in their briefs - they were promising a total of 8bn because of how much they wanted the club when the debt and investment was factored in - seems like this whole thing has been a PR exercise.

 

[Plant0x84]

We can’t manage the current debt, where’s this new extra debt going to get managed?

By INEOS

 

[crossy1686]

I wouldn't put it past the Qataris waiting for the Glazers to accept the Ratcliffe bid then come in with a higher one. No point in keep doing this to and from forever is there?