He's offered them a full sale and it's no doubt SJR/Ineos' preference. Joel and Avram staying as minority shareholders is just one of the options on the table.
Club Sale | It’s done!
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"misspell" - we all know what they're like.Make sure that no mods misspell it and put an 'i' in place of that first 'a'
Great article.
I agree mate.
Kieran Maguire on Stretford Paddock this morning saying that he thinks it’s 60/40 in favour of Sir Jim.
Just his opinion of course.
Just his opinion of course.
That was a good read
It's hard to disagree with any of this
Dunno, it's easy to take this melancholic tone about 'everything is compromised, isn't a shame there's nothing we can do' and signal your concern from the position of being a well paid liberal metropolitan journalist. Where was this concern when he was choosing to work for the Telegraph all those years, which had a record of disseminating socially reactionary attitudes akin to most middle eastern regimes (in some cases culturally further to the right than metropolitan Qatar or Dubai) alongside advocating for further austerity in ways which only transferred wealth and power to the richest whilst covering over tax avoidance by its spectacularly wealthy owners, actively hurt vulnerable people and communities etc. It's one thing taking this line from Barney Ronay or Jonathan Wilson (much as I might disagree with their takes at times), but it's pretty hollow from Liew - it's not like as a well-educated, half-decent writer he couldn't have taken another media writing job to pay the bills at the time....
Might as well share the whole thing. His speculations around Sir Jims offer is interesting.
False.
What's that based on?
Not double guessing you, I just haven't personally read anything that suggests that yet and am genuinely curious
Exclusivity period seems most likely from my mind purely because the Glazers are greedy as shit, and I think they'd see it as a way of squeezing a few more million out of someone
I think Glazers have held cards close to their chest here. Basically they'll get what they want.
What will make their choice is this:
If the Glazer pair want a cash out now then Qatar will win
If they want to stay at the club then Jim will win
I don't think anyone has a clue their true intentions. Could be using Jim to get more out of Qatar. Or even the other way round?
But in terms of who's going to win. No one knows. Toss of a coin.
What will make their choice is this:
If the Glazer pair want a cash out now then Qatar will win
If they want to stay at the club then Jim will win
I don't think anyone has a clue their true intentions. Could be using Jim to get more out of Qatar. Or even the other way round?
But in terms of who's going to win. No one knows. Toss of a coin.
KM definitely knows his stuff
Tbh, I'm not really familiar with him or his output, I'm not a great reader of football related articles. I'll maybe read 1 in a month.
I just found the article to pretty much summarize my own feelings on this situation.
Yeah. By now he is pretty much the only voice I listen to on this subject.
I think what’s likely to happen next is that they will go to the party that has bid less and say the other person has bid x amount, we will enter into exclusivity do you want to up your bid.
That will continue until we have JR or Qatar being given exclusivity once one has declined to raise.
No, because the new owners would still be paying most of that 200m. Most transfers are paid in installments over several years.
He does absolutely but unless he is privy to the actual situation and financial information then he’s just making an educated guess based on media reports which I don’t think can really be trusted.
This is spot on. No one knows what the Glazers’ true intentions are other than those cnuts themselves. Could still end up with the worst one out of all the possibilities which is the minority investment like Elliot Group/Caryle as the 10pm deadline on Friday did not apply to them.
I guess time will tell.
This, he who shouts loudest is not always winning.
What Kiren Maguire said:
- 4th round would only happen if the bids were very close and one party just needed to bump theirs to get over the line. Otherwise there is no point
- closer you get to the start of the transfer window the more you're in awkward position as a seller. The buyers have a budget for the window and the sellers have obviously their own budget too. So for as long as the sale is in progress the transfer business is left in limbo. It benefits both parties for this to be decided and completed asap.
- INEOS have offered 69% and yet have a higher offer for the club valued at 5.1bn - how? He says hel buy the controlling amount, Ie 2.6bn. So his offer is lower but it's for just controlling interest. Whereas Jassim has a higher outright value but for a 100%.
Sir Jim could organize the deal in such a way where Glazers agree to sell him the class B shares and thereby surrender control to INEOS. Such a scenario will lead to a fall in the share price but only because it's no longer a full sale. Not necessarily becsuse Jim is perceived to be a a bad owner.
Sir Jim would never agree to minority say, he wants control.
- 4th round would only happen if the bids were very close and one party just needed to bump theirs to get over the line. Otherwise there is no point
- closer you get to the start of the transfer window the more you're in awkward position as a seller. The buyers have a budget for the window and the sellers have obviously their own budget too. So for as long as the sale is in progress the transfer business is left in limbo. It benefits both parties for this to be decided and completed asap.
- INEOS have offered 69% and yet have a higher offer for the club valued at 5.1bn - how? He says hel buy the controlling amount, Ie 2.6bn. So his offer is lower but it's for just controlling interest. Whereas Jassim has a higher outright value but for a 100%.
Sir Jim could organize the deal in such a way where Glazers agree to sell him the class B shares and thereby surrender control to INEOS. Such a scenario will lead to a fall in the share price but only because it's no longer a full sale. Not necessarily becsuse Jim is perceived to be a a bad owner.
Sir Jim would never agree to minority say, he wants control.
Thanks for sharing.
A few questions raised by that video, chief of which is how does Maguires dog know how to open doors using the handle?
The exact same stuff being recycled on here since Friday.
You could be right. It’s just I read somewhere (possibly Ben Jacobs?) that a lot of the paperwork is completed already in preparation to conclude a deal and exclusivity may not be necessary or certainly will be very short. With the deadline only being set for the two main bidders it’s clear they are the focus, so surely now it’s a case of one or the other or neither. That decision can’t take too long.
Yeah there has been a lot of due diligence completed
It's only the third round of bidding that has finished. The fourth round hasn't opened yet.
And yet there is constant misinformation spread here
Most of the discourse surrounding this has been mind numbingly stupid.
Goldbridge said today that Ratcliffe cannot compete with Todd Boehly because he has no money. Yes, you read that right, he can’t afford to spend as much as a man who has a quarter of his net worth whose investment fund’s entire worth is equal to INEOS annual turnover. Being that disingenuous to justify the preference to Qatari bid is just sad as feck.
Goldbridge said today that Ratcliffe cannot compete with Todd Boehly because he has no money. Yes, you read that right, he can’t afford to spend as much as a man who has a quarter of his net worth whose investment fund’s entire worth is equal to INEOS annual turnover. Being that disingenuous to justify the preference to Qatari bid is just sad as feck.
He’s the head of a consortium with rumoured Saudi money involved though .
False how? Do you care to provide evidence to such claims. Amnesty website has a list as long as the eye can see for human rights abuse leading up to the world cup including far too many needless deaths.
What
God he’s such a clown. Does this even qualify as football finance?
Bohley. Clearlake capitol is involved. It’s not INEOS v ToddWhat
Ben Jacobs admitting he doesn’t have a clue
Oh haha makes more sense.
"By contrast, Sheikh Jassim is at this stage little more than a name, a potted internet biography. His PR team are unable even to confirm his age. This is, of course, very much in keeping with Qatar’s broader footballing strategy: deflect, disinform, explain as little as possible. What experience do you have of running a sporting business? What assurances can you offer of your funds, your personal qualities, your moral probity? And just how does a Qatari bank manager with no connection whatsoever to the state of Qatar manage to raise £6bn?
As ever, anyone with the basic curiosity to ask these questions is quickly labelled a racist, a Ratcliffe shill, a vicious United-hater who wants Scott McTominay in midfield for the next 15 years. And this is perhaps the most arresting aspect of the whole affair. Faced with the invidious choice of the Glazers in perpetuity, Ratcliffe in perpetuity or the Magical Mystery Box, a significant proportion of United fans – perhaps even a majority – have made their preference clear. The box! The box! The one with Jude Bellingham and the human rights abuses!"
Liew is great. Is he a member of this forum? Certainly seems to have nailed a good chunk of posters in here.
We are Saudi money involved.
What matters here is the intent, not capabilities. A deal of this magnitude will involve financing of some sort, there’s not a single rich man on earth who can just find £5bn at the back of his sofa, and that goes for the Qatari as well. What worries me the most about Jimbo is his tendency towards nepotism, giving control to his best pal Brailsford, not the whimsical notion that we wouldn’t have money to spend under his stewardship. The notion that he’s interested in making money out of us is also bizarre in itself, for the money he’s committing to buy whatever portion of the club, he can easily triple them in 5,6 years by investing in a top 10 hedge fund, without any further investment required. The Glazers are utter small fries in comparison, when all their wealth are tied up in Utd and the Bucs, and you can even argue that them not selling Utd at about £3bn valuation 6 or 7 years ago has already lost them money in missed opportunities.
It’s almost like there’s an agenda at play in the media, imagine that no one knows nothing they are just telling you want they want to happen.
It gets even murkier in a case like this as there will be plenty of people in the media who would love nothing more then United to stay where they are now and that’s a very easy sell as they can play the morals card, just like all the other club fans do until there team is in the eyes of one of the states.
This is all on top of legitimate articles who really do have a problem with state ownership which is also valid.
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Tory Jim? No chance!
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