Pleasure doing business.well since you asked so nicely.
Club Sale | It’s done!
- Thread starter JB08
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Could stomach them buying Spurs as my dad supports but not the arch enemy
True. But there's also nothing to say Qatar won't panic bid a better offer between now and then.
Yes they have to finally start talking about how they plan to clear debt,invest in stadium and training facilities,oh and feck off those leeches. Maybe then I can feel a bit more positive about the club’s future again
They will have to, part of the problem is there have been a lot of negative assumptions about the INEOS bid and lots of positive ones about the Qatari bid. The truth is going to be a lot more in the middle.
INEOS will pump money in one way or another, they’ll be big changes on how club is run. Whether that will be good or bad nobody knows but that’s same for any new owner.
The weird thing is that Jassim seem to have bid the same bid he has bid before.
Apparently the Qatari PR machine has mislead us all the way through the process they have always had the second largest bid where’s does this out the Qatari in supporters since money was and has always been their USP.
Shame the person selling gives absolutely zero fecks for the clubs future else Qatar would be in the door
50% owner buying the club on debt whilst the Glazers are still sat on the board. Fecking disgusting in all honesty.
I cant wait to see the sums of borrowed money required to buy the club and build/renovate OT
50% owner buying the club on debt whilst the Glazers are still sat on the board. Fecking disgusting in all honesty.
I cant wait to see the sums of borrowed money required to buy the club and build/renovate OT
This is exactly my point you have Tier 1 owners ; State Saudi, Abu Dhabi, Qatar etc then you have Tier 2 - Todd Boehly, SJR , Stan Kroneke with the caveat that SJR might have just outbid a state do maybe he’s Tier 1.5 like Abrahamovic as his company turnover is $60bn annually with net profit from €1-3bn
Ratcliff isn't buying the club on debt?
In that case then they should have bid more mate
You tell him mate! I’m on your side (for once)
Qatar cannot be anywhere near tier 1 in this ranking system of yours based on how they've ran Málaga and PSG, unless it's all about wealth.
I’ve no doubt that they have the actual money to outbid INEOS, but as they have repeatedly stated - they won’t bid recklessly to buy the club. If they did it would have significant knock on effects for future purchases, and that’s bad business.
Yep. I only supported the Qatari bid as I thought they were minted and had limitless cash. If they are really a bunch of tight arses then I will suddenly become all moralistic and support SJ
Hahahahaha!! So now we are going into geopolitics! I am waiting for what’s the next set of bollocks to come out from you.
Yup, puke-worthy stuff. Will struggle to care about us since we've been consigned to mediocrity by the Glazers cnuts and the Brexit rat.
Nah
Nobody on the planet was paying upwards of 6B for the club and then committing a further 1B to the stadium and paying off what 600m of debt. Jim has found a nice little loophole that seems him get 50% and the Glazers stay on, they're all buzzing with that deal aren't they meanwhile the club will suffer in the long term.
It was reported loads of times that he's got Goldmann behind him we'll soon see.
A loophole? His bid just contains a compromise option that reflects the long rumoured reality that 2 of the Glazer siblings don’t want to sell.
Then maybe he should have cut corners mate. Do we need to buy a new 1B stadium NOW? Do we need to pay off all the debt Now? The most important thing should have been to take the club off the Glazers hands
They've known about Jim's bid all week. So why did they come in with a lesser offer?
The Qataris were always going to be at a disadvantage due to their insistence of wanting to buy the club 100% outright, whilst SJR was happy with a majority stake at any cost, even if it meant getting into bed with the Glazers and piling more debt onto the club.
SJR knows he cannot compete with the Qataris and so he will use every other method in the book, whether it is popular with the fans or not.
SJR knows he cannot compete with the Qataris and so he will use every other method in the book, whether it is popular with the fans or not.
We don't know the actual detail do we.
That is the mystery of all mysteries
They might be staying by the looks of things. Taking more money from uniteds profits.
Also, don’t forget that the presence of INEOS in the bidding process will have raised the Qatari bid to a level it wouldn’t have been if they’d had a solo run at it.
That would be decided by INEOS, unless there's some pre-agreement about the Glazers' dividends.
Yeah I do agree with that but he was trying to do the right thing I guess.
well they’re not going to stay just for the sake of it. The only thing they care about is making profit and taking money from United certainly not the football aspect.
Well yeah my initial post stated that it suits everybody but the club it seems
One guy is willing to pay for the club in full and clear the debt/build a stadium
One guy is buying 50% and keeping the Glazers on. The amount of debt that will be made to do this purchase is yet to be seen but I bet it's eye watering. And before we get the 'INEOS will pay the debt' Will they feck. Theres upwards of £600m of debt at the moment and he will borrow to purchase the club. It's not going to sink billions of debt on INEOS for a 50% stake in the club thats for sure
It's a state bid, they could have offered whatever they wanted but have chosen to offer less per share than another bidder. Those promises are worthless to the actual bid, it's like trying to buy a house for less than the asking price and less than another bidder but hoping that they'll accept it because you've promised that you will put a swimming pool in and an extension for yourself if you get it.
If Joel and Avram stay, it will be because they think they can make way more from their shares in 5-10 years, than they would now...so "making profit", as you said. There's a world where I can see them sacrificing or significantly lowering their dividends in the case of an INEOS takeover.
Are people forgetting SIR Jim won't even be clearing any of the 1 billion debt? We'll be more or less in the same position as we were with the glazers in charge
This. The dividends are a drop in the bucket compared to the value growth they're expecting. I don't expect dividend policy to be an issue at stake.
Also forgot to mention that if we choose to believe Duncan Castles, the Glazers can sell their shares at a premium in 2024 or 2025, so they could be gone relatively quickly too.
I agree. Which makes you wonder why they did that. I think that we can all agree that Qatar has money
But what was they supposed to do? they could have put together a half assed bid like Jim but they want the club to be a success. They could turn round this afternoon and say ok we're buying the club but will keep the debt and that would be pointless for all involved
Feck the debt, feck the stadium but we'll buy the club? who on earth is going to lay down 5-6B in those conditions it's absurd
This is what has been reported by sports journalists whereas Bloomberg have said it all goes to the Glazer’s, it’s only the Glazer’s shares that are for sale which is 69% and which is being bid for.
It was reported months ago that the plan was to buy the other 31% afterwards, if they valued the club at £5 billion then they’d bid 69% of £5 billion to purchase the Glazer’s shares of the club and we’d be hearing of £3.5 billion being the bid.
This whole 100% of the club is simply meaning that they want to buy the whole club but they can’t buy more than 69% when the Glazer’s don’t own 100% of the club therefore can’t sell 100% of the club.
Interesting. Gives them the option of a lucrative exit even if the growth pathways they believe in don't end up panning out.
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