We know it's all about the money the them
Club Sale | It’s done!
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60:40 INEOS.Please a summary. I'm in the office.
But the ineos bid is only for the 51% which is the controlling aspect so they may never get that value again depending on what happens in the future with their remaining percent, so you can't say Jim is the best bid he's giving them more money because it is a straight lie.
He did. Tell me what question he didn't answer.
He literally was asked to answer in a way that's like simple bitesize cereal for the simple man.
Paul Mitchell would be an incredible hire.
So Ratcliffe's offer is around $6.5 billion according to Jacobs
It’s for 69% or 50%+1.
I don’t believe any of the reports which claim the Glazers still want to have a say in running the club. I think it’s all about money by this point.
@KM please tell us more
https://www.ft.com/content/31b5e7e0-5c76-11ea-b0ab-339c2307bcd4
«The company insists there are no financial risks. Ineos does not expect to make money from sport. People close to him say Sir Jim is chasing emotional returns over financial ones. It is a luxury that few sporting outfits can afford.»
If true, it dont make sense for Glazer to team up with him.
«The company insists there are no financial risks. Ineos does not expect to make money from sport. People close to him say Sir Jim is chasing emotional returns over financial ones. It is a luxury that few sporting outfits can afford.»
If true, it dont make sense for Glazer to team up with him.
Rings a bell. Where is it he's lauded for his work at?
Blimey.
That last bit is a little scary. I'm aware the father is one of the most powerful people in the family which, given the nature of their system, puts him in a permanently dangerous situation (which he admittedly seems to be very adept at navigating). Even if we discount the idea of state involvement (which I clearly don't) it appears almost impossible to be able to seperate the fortunes of the club with the political happenings in Qatar.
Spurs and Southampton I believe.
Depends on what type of say they'll have, I guess. It's like a shitty version of Succession this. Where's the humour?
Bloody Yanks*
*That's not racist.
*That's not racist.
Southampton, Spurs and Monaco. He was heavily linked with us a few years ago.
Probably means valuation @ 6.5. Ratcliffe doesn't want 100% of the club, but controlling interest.
In pure cash sense Qatari's offer would be bigger as they want to buy them out.
Southampton, Spurs, Leipzig and currently Monaco. He was involved in Spur's bringing in Alli, Son, Trippier...
He watched the FA Youth final last season sat next to Ragnick.
This, it really works in his favour people keep being very ambiguous about this point
Yeah, he's not a particularly out-of-the-box- hire, but he has a good hit-rate for 'up and coming' players, as you'd expect from someone hired into the RB set-up based on their portfolio. Depends where his role ends up sitting in the structure, but this is one of the more relatively reassuring SJR briefing-points.
Qatari’s offer for 100% was reported by their own mouthpiece Keegan as just over £5bn, or about $6.3bn.
For all the fraud accusation by the Qatari stans, Jimbo has shown he isn’t playing around here.
I'm not sure it affects him either way.
It most certainly is in the media.
That’s a quite irrational dislike of a man just doing his job. Just because he says stuff you don’t like/understand, doesn’t means he’s wrong or doesn’t know what he’s talking about. He’s a university professor of finance for goodness sake.
Of course it’s football finance - it’s M&A, corporate finance for uh, a football club in the business of professional football.
His valuation. Offer and valuation aren’t the same.
Jim has set a price for the portion he wants to control, everyone else is going with that figure and breaking it down to an individual share price and quoting the figure if he bought it all.
Its like me buying a 4 pack of that prime energy drink for £24 then someone coming along and buying the single can for a tenner then me claiming they bought the whole thing for £40 even though i've still got my 3 other drinks with me.
It does in a minority role. He pumps all the money in whilst they freeload their way to their share value increasing with the asset value. The 4 glazers who want to cash-in now get to do so whilst the 2 that don’t get to cash-in in the future at a higher price. It makes perfect sense.
Genuine question to anybody that might know - if the Qatar bid isn’t clear at this stage after 3 bids will Raine not just dismiss it as not serious like the pay did with the Zilliacus ‘offer’? Seems an odd state of affairs after 5 months.
Assuming "team up" means Avram and Joel retaining shares, if they think the value of the club will significantly increase over the coming decade or so due to new revenue streams or whatever then it shouldn't particularly matter to them what Ratcliffe's motivations are. Because whether Ratcliffe is motivated by love of the club or love of money, both align with the club's value increasing to the Glazers' benefit.
It makes sense if you don't consider the 6 Glazers as one entity that has the same goals. By all account 4 of them want money now and wanted money yesterday, the other two have different plans.
"Sir Jim Ratcliffe's offer was higher (believed to be pushing $6.5bn)"
Oh you’ve done it now. You’re gonna feel the full force of the QDL now.
TBH it really depends on the details of each offer. Might be cash considerations or converted to stocks. Most likely and from all accounts INEOS offer won't likely be in the realms of 5-6b, but less and probably will include loans.
From the Glazers POV keeping minority stock makes sense rather than being bought out as United's value would probably appreciate higher in the coming year or two if we're both just purely based on the further investment the buyer will make based on their promises.
That's why they will probably stall this one and not agree a buyout straight away.
Either offer is pure speculation and probably each side trying to stir some media attention and generate some feedback on their own. Knowing Glazers if we're at the last round for sure they will try to raise the offer or give the opportunity for the other bidder to better it.
Higher if you calculate he wants to buy the whole thing at that shareprice, which currently it would appear he DOES NOT
I imagine it's clear to Raine and The Glazers, just not to himGenuine question to anybody that might know - if the Qatar bid isn’t clear at this stage after 3 bids will Raine not just dismiss it as not serious like the pay did with the Zilliacus ‘offer’? Seems an odd state of affairs after 5 months.
It's a ridiculous notion that he'd potentially bid (according to Ben Jacobs previous tweets) about £800m less than INEOS. He has bigwig bankers from Bank of America etc on 92 Foundation's payroll, they aren't going to be advising him that poorly.
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