Qatar was a stalking horse
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
I apologise for my past comment. United are quite important for me I having slept for quite some time and have some health issues at the moment. Yet that is not an excuse for what I said which was OTT.
Anyway I don't want to sabotage the thread any further. I hope that whoever owns the club treats it good.
Anyway I don't want to sabotage the thread any further. I hope that whoever owns the club treats it good.
More money to the club and stadium instead of the Glazers bank accounts will really thrill them
You're proceeding from the premise that the Glazers are obligated to sell the club, and then to do so at a price that you think is right to the bidder you'd like to see win.Because he's compromising to keep two Glazers at the club
But that's not how this works...particularly when it comes to valuing a football club like Manchester United. It's a bit like trying to place a value on the Mona Lisa.
And he’s not even getting that done is he
Look after yourself man.
How is the Glazers not being in control of the club not infinitely better than them being in control? How is 2 Glazers as minority partners not infinitely better than 6 as the majority? Math isn’t my thing but it seems to be quite a fair bit better.
its no excuse to what I said and owe what I said 100%. It was a big mistake from my part.
Thanks btw I appreciate.
They are. They cant continue to run the club without investment. Minority ownership is currently off the table so it has to be a full sale and Ratcliffe including two of the Glazers makes his bid almost unpalatable when you consider there is another bid on the table for full control that gets rid of them entirely.
Further evidence that nobody actually knows what the hell is going on
Plot twist: Jassim spread the rumours that Ratcliffe was in the lead in an offer that let the Glazers stay, inciting anger and complete opposition to Ratclifffe, only to then bs his own leak and gain even more support behind his bid...
Disasterous news if true. Debt not cleared (and more debt stored elsewhere but ultimately will be serviced by the club). If investment in stadium or training ground is to be done it will mean more debt (no one will invest their own money if they only own ~50% or 69% of a company, and if they had the money to invest in the facilities they wouldn't need debt to buy the club). Glazers possibly not gone, and owners of questionable competence based on other clubs records.
Doesn’t the debt loaded on the club affect us through FFP. It currently with dividends is affecting our profitability. If the debt gets transferred to Ineos and they don’t look for any payments then fair enough.
Wasnt it reported early on that the Qataris would invest upto £7B to buy the club, develop the facilities and invest in the squad
that sequence is everything i hate about them rolled into 1, made my blood boil reading through it
I used to listen to No Question About That podcast where the hosts are quite obviously biased in favour of the Ineos bid so I’ve heard how moving the debt will work but personally the debt signifies Glazers to me, I understand that Ineos can leverage it etc.
The funny thing about, as you say, the Qatari bud not being a bottomless pot of cash it looks to be the case they’d clear the debt, invest in the infrastructure & then let the club self sustain, isn’t that actually what people wanted? This Ineos bud is fecking rank, it’s very difficult to be an ethical billionaire but given the strategic way the Glazers took us over I’m not charmed by the way this Ineos bid appears to be going. That’s not me championing the Qatari bid btw.
We need to heed the warnings of Nice fans about Sir Jim. They're the ones who've experienced first hand what it's like to be under his ownership. Broken promises, nepotism, penny pinching all things we've gone through for the last 18 years under the Glazers and some are more than willing to take more of it and then some, just because of the Jim's passport.
Red Flags should have been raised the moment he did that interview where he said the glazers are good people, and this is after he made bids for chelsea, and enquired about taking charge of Liverpool. I don't like the look of him, I don't like how secretive he is about his motives his retohertic playing on the emotions of United fans calling himself a boyhood fan and his double dealings withs the the most corrupt banks and hedgefund organisations in America such as Goldman Sachs and JP Morgan and now willing to work and lay in bed with the glazers
Red Flags should have been raised the moment he did that interview where he said the glazers are good people, and this is after he made bids for chelsea, and enquired about taking charge of Liverpool. I don't like the look of him, I don't like how secretive he is about his motives his retohertic playing on the emotions of United fans calling himself a boyhood fan and his double dealings withs the the most corrupt banks and hedgefund organisations in America such as Goldman Sachs and JP Morgan and now willing to work and lay in bed with the glazers
Just found out something a bit mad.
Three people recently discovered my LinkedIn through following me on Twitter and then messaged my boss accusing me of being Islamaphobic and a fascist online because I tweeted concerns about a potential Qatar Takeover.
That's where we're at with everything now. At least we'll have a match to worry about tomorrow.
Three people recently discovered my LinkedIn through following me on Twitter and then messaged my boss accusing me of being Islamaphobic and a fascist online because I tweeted concerns about a potential Qatar Takeover.
That's where we're at with everything now. At least we'll have a match to worry about tomorrow.
Well it was reported before the first round, so it's not surprising to see a bidder adjust his offer based on the feed back he may have received.
You should be banned you big racist
Just when you think things can't possibly get worse for us.
You’ve been a great contributor to the thread, even if you have talked a lost of rubbish at times hope you’re feeling better soon!
Sadly also makes the most sense. They have many options to choose from, and aren't forced to either one in any way.
He doesn't. The state does though.
The Qatar bid is a sham in itself. The 92 foundation? Don't make me laugh. The 92 foundation didn't exist 6 months ago.
Fair play.
Yeah this kind of shit is why I stopped posting fascist stuff online
Because them not being ‘in control’ yet continuing to benefit from the club. 2 is better than 6, 0 is better than 2.
I’m not sure how any Glazers continuing to profit in any form is ‘infinitely better’, infinitely better’ is them gone entirely. 2 being better than 6 isn’t better than the option of 0 but maybe your math differs to mine.
Be so glad when this is over, the constant back and forth speculation is incredibly boring now.
If this is so drawn out it effects our summer window it’s going to be infuriating.
If this is so drawn out it effects our summer window it’s going to be infuriating.
The article that is from still says that Ineos are the highest bidder, so nothing has really changed in the reporting.
The battle for control at Manchester United has taken another twist with Sir Jim Ratcliffe’s Ineos thought to have valued the club higher than their main Qatari rivals. Third and final bids for United were submitted before Friday’s 10pm deadline as a six month saga edges closer to a conclusion.
Sheikh Jassim bin Hamad Al Thani, the chairman of the Qatar Islamic Bank and son of the former Qatar Prime Minister, has been the favourite to land the club.
But it emerged on Saturday that Ineos were the only bidder to have valued the club above £5 billion and that their proposal equates to more than the offer presented by Qatar.
Sheikh Jassim is the only bidder offering to buy 100 per cent of the club and a debt free takeover. Ineos want to purchase the Glazers’ 69 per cent shareholding but are also understood to have made a proposal that would see them take a controlling stake but allow Joel and Avram Glazer, the co-chairmen, to remain as minority shareholders.
It is thought that a preferred bidder could be granted a period of exclusivity over the next week to 10 days.
Sources close to the Sheikh Jassim camp are adamant that their offer of additional capital investment to fund redevelopment of Old Trafford and the club’s training ground is on top of their bid to the Glazers and are bemused by any suggestions to the contrary.
The Glazers had been holding out for around £6 billion but none of the bidders have got to that level and the Qataris believe their offer is the best for the club, fans and community.
So far at least, Sheikh Jassim has shown no desire to be pressurised into making a significantly higher bid.
The process, which began in November when the Glazers announced a “strategic review” of the club, has not been without its tensions.
Confusion surrounded the deadline for the second round of bids almost six weeks ago. The initial hopes were that the process would be resolved in the first quarter of the year or by the end of April but that now looks like dragging until the end of the season or later, which could cloud manager Erik ten Hag’s summer transfer plans.
Three American investment firms – Elliott Management, the Carlyle Group and Ares Management – are offering to buy a minority stake, the proceeds from which could be earmarked to help redevelop Old Trafford unless Joel and Avram Glazer used them to buy out their four siblings. They would then need financing to refurbish the stadium and training ground.
Sheikh Jassim bin Hamad Al Thani, the chairman of the Qatar Islamic Bank and son of the former Qatar Prime Minister, has been the favourite to land the club.
But it emerged on Saturday that Ineos were the only bidder to have valued the club above £5 billion and that their proposal equates to more than the offer presented by Qatar.
Sheikh Jassim is the only bidder offering to buy 100 per cent of the club and a debt free takeover. Ineos want to purchase the Glazers’ 69 per cent shareholding but are also understood to have made a proposal that would see them take a controlling stake but allow Joel and Avram Glazer, the co-chairmen, to remain as minority shareholders.
It is thought that a preferred bidder could be granted a period of exclusivity over the next week to 10 days.
Sources close to the Sheikh Jassim camp are adamant that their offer of additional capital investment to fund redevelopment of Old Trafford and the club’s training ground is on top of their bid to the Glazers and are bemused by any suggestions to the contrary.
The Glazers had been holding out for around £6 billion but none of the bidders have got to that level and the Qataris believe their offer is the best for the club, fans and community.
So far at least, Sheikh Jassim has shown no desire to be pressurised into making a significantly higher bid.
The process, which began in November when the Glazers announced a “strategic review” of the club, has not been without its tensions.
Confusion surrounded the deadline for the second round of bids almost six weeks ago. The initial hopes were that the process would be resolved in the first quarter of the year or by the end of April but that now looks like dragging until the end of the season or later, which could cloud manager Erik ten Hag’s summer transfer plans.
Three American investment firms – Elliott Management, the Carlyle Group and Ares Management – are offering to buy a minority stake, the proceeds from which could be earmarked to help redevelop Old Trafford unless Joel and Avram Glazer used them to buy out their four siblings. They would then need financing to refurbish the stadium and training ground.
Christ above not everything in life is a binary choice. The Glazers having no control over the club is better than them having control. Them being gone altogether being better than that doesn’t lessen them not having control being a whole fecking load better than it is today.
That part is just wrong. Only banks and oil companies have that kind of liquidity everyone else is going to finance that level of purchases through borrowings, in fact even banks and oil companies will do it depending on which way costs less. So there is no direct corrolation between the ability to invest in infrastructures and the source of funds for the actual purchase.
Spot on. They never did.
Following football journalists is bad.for your mental health. They really don't know half what they confess to. I don't listen to anyone now until Ornstein pipes up. He's the only one who seems to know his stuff. Simon Stone ain't bad.either as he waits until he gets briefed.
The rest of them, including Romano, are charlatans and just share and steal other people's stuff and make it like it's an exclusive they have. It's absolutely hilarious.
Hope you feel better soon.
Feel free to DM me if you want to unload some problems, or work on tactics to get better sleep.
Take sleep loss really seriously. It can have devastating effects. Inform your doctor.
Okay. Back in the real world the glazers not owning the club is infinitely better than the glazers owning the club - the rest is just noise.
This is exactly what happens when you put reporting of high level financial deals in the hands of barely educated sports journalists. They dont have a fecking scooby whats going on.
It seems impossible that Jassim/Raine have been leaking bid numbers and not made it clear whether or not the offer is including or excluding additional stadium investment. Or that they excluded them in the first two bids and then inexplicably included them in the third.
Surely the Qatar bid is ~£5bn, which includes debt but excludes £0.8bn of additional investment.
It seems impossible that Jassim/Raine have been leaking bid numbers and not made it clear whether or not the offer is including or excluding additional stadium investment. Or that they excluded them in the first two bids and then inexplicably included them in the third.
Surely the Qatar bid is ~£5bn, which includes debt but excludes £0.8bn of additional investment.
It’s just a standard practice to use some debt though, it’s more common that buying outright. How the debt is serviced is the key issue and it would pointless of INEOS to spend so much money and then just follow the Glazer business model.
It makes no sense for either the Qatari’s or INEOS to buy Utd unless they are planning to invest a lot of money. The Glazers were able to leech off the club but the next owners have to spend money to make it. I’m sure both would also be more ambitious than the Glazers, the real issue is who would be the most competent not a lot of the other stuff people are obsessed with.
- Status