Would be hilarious if Sheikh Jassim bought it.
Club Sale | It’s done!
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Would be hilarious if Sheikh Jassim bought it.
If reports are true, I feel like Qatar has been, at best, quite naive, and at worst, just playing the fans.
They've spent so much PR time talking up their bid, with much of that being all that they would do after they take control, really trying to whip the fans into a frenzy. All the while, trying to low ball the bid. Did they think that winning over large number of fans would help them to win with a lower bid? Are they that naive about the Glazers?
It's all very odd based on the PR lines they've been pushing since the start. Have to wonder how serious they ever were.
Again, IF the reports are true.
They've spent so much PR time talking up their bid, with much of that being all that they would do after they take control, really trying to whip the fans into a frenzy. All the while, trying to low ball the bid. Did they think that winning over large number of fans would help them to win with a lower bid? Are they that naive about the Glazers?
It's all very odd based on the PR lines they've been pushing since the start. Have to wonder how serious they ever were.
Again, IF the reports are true.
Then we're in good hands, because they'd have to be filthy rich to do so.
Unless their vision for INEOS is to restructure and spin off their non-core businesses, in which case we're probably getting sold again.
Believe whatever you want to man.That one time the exact situation I'm referencing happened
You mean their PR game is better.So we're going to be stuck with the Glazers in a lesser capacity, and be majority owned by Ratcliffe who has a poor record at his current football clubs.
I know some people don't want Qatar, but their offer is infinitely better. There's no comparison. Seems like that isn't happening though.
I would imagine (I don’t know, it’s a guess) that INEOS petrochemicals is a separate business entity from INEOS Grenadier and INEOS sport seperate again, possibly under a patent holding company.
It would therefore depend which bits of the business were put up for sale. It’s also possible that Manchester United PLC remains a seperate company from INEOS in which case there would be no impact.
It has never been in the clutch of their hands. They took part in an open bid process, and have apparently offered an amount which falls short of the Glazer’s expectations and behind the other bidder.
It’s bad business for them to be seen to ‘overpay’ for something. It would have knock on effects for future purchases of other assets and properties.
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Jassim sent the draft gmail with the bid instead of deleting it.
Silly twonk.
Silly twonk.
Not necessarily. I can't see a situation where INEOS clear the debt for example - that doesn't seem like something they'd do.
Dont have sources and apologies if its been mentioned but its circulating on Twitter than SJR has applied for a £3B loan from Goldman Sachs today, surely means nothing as its far too premature and just rubbish I hope?
Can see this turning toxic with more debt saddled on the club and City pulling further away and outspending everyone still. Might get some more ‘no value in the market’ press releases in the next couple years.
Sounds like it. They've been working with INEOS on the bid throughout the process. He's not going to pop down to the local branch to fill out an application.
Indeed.
… and still didn’t get United??!
Nah you’re right, that would raise a wry smile.
After lowballing the Glazers? Would be out of hsi mind
Yeah, the fans who want Jim now will only be crying about him in 3 years. I hope I’m wrong of course.
We need a cultural reset from top to bottom. From the owners to the tea lady. And it’s probably not going to happen with Ineos.
I’m guessing of course and hopefully, the club can run itself just fine when the debt is removed.
It’s a very important few weeks ahead.
In the JR offer do the Glazers remain with their class B shares which have 10 times the voting power?
If so, we’ll never be rid of this cancer.
If so, we’ll never be rid of this cancer.
No. There is no realistic scenario where somebody buys a majority stake in the club without taking over control.
The last part where we will still be furnishing payments for the debt that was laden on us by the leveraged buyout would be the real kick in the teeth. I am equally sure that many on here will still paint that as a positive as well.
Yeah, I caught some bits of that story but this structure still makes little to no sense to me.
For Joel and Avram to then stay (and more importantly for it to make sense), there would need to be some sort of near-term catalyst and we know the stadium won't get built for at least 5 years. So what is it then?
The only thing that's in the public domain is the new CL format which will be many more games and basically give the PL another spot. But is that enough or do the Glazers know something others and the fans don't (or think they know at least)?
I’m worried if we don’t pull our socks up or Jim shits the bed then in 10 /15 years only an oil state could buy us and make things right. The problem would be if nobody wants us and we’re stuck watching City etc have 20 years of success and we’re nowhere.
It’s an important period for us now
Apparently they convert to A shares, which for all intents and purposes means Ratcliffe would be making a full takeover.
Then you know better than most that the Glazers have invested almost nothing in the upkeep of the stadium and my guess the same applies to almost anything outside of player transfers.
Absolutely. Nobody has ever denied this though.
The Glazers are not going to be having any control over any matters anymore. That's the point.
Even if they stay as minority shareholders (I'd rather they went completely) we will still be spending money on the stadium.
Who is this chump you're quoting?
Finance expert
I live beside Coleraine. They have no financial experts
Let's fecking hope so. Don't want Sir Rat.
My mistake!
The guy off the Phil Brown pod? How is he a finance expert? What are his credentials?
I wonder if this is a strategic move by Jassim? Deliberately offer less that SJR to see what his top line would be then when the bids are in, and he knows what he's up against, match it or better it? Yes i know thats just very wishful thinking on my part and likely as far from reality as can be, but it does get me thinking.
Why even have a deadline if an interested party can be told that they're not preffered bidder just for them to say "Ok, well we'll just offer £x.xbn"
Why even have a deadline if an interested party can be told that they're not preffered bidder just for them to say "Ok, well we'll just offer £x.xbn"
They would make more money in interest by leaving their cash from the sale of the club in the bank. The whole situation with the Glazers wanting to stay doesn’t make sense.
Why would it matter who said it... The point is common sense. They aren't gonna turn down more money because the bid was late
Like Ratcliffe and Chelsea?Why would it matter who said it... The point is common sense. They aren't gonna turn down more money because the bid was late
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