Club Sale | It’s done!
- Thread starter JB08
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Fair enough. A journalist from Qatar was quoted and I really didnt like the tone of the mocking quotes about who he was. They seemed quite racist to me.
Do you really expect that the four siblings who have finally extracted their money from United would choose to put it back in? The two who supposedly like United couldn’t afford it, because they didn’t cash out.
I don’t think that’s a scenario to worry about personally.
Report it. Like somebody reported you.
I'm pretty sure there is racist opposition to foreign ownership but we need to be sure before we start lowering the tone even further.
Yes, his first point was ridiculous. Technically the existing debt has to be repaid upon a change of control - the real issue however is whether it is repaid by the buyer from their cash reserves or with the proceeds of new debt.
FTFY.
Yup, refinancing is apparently the same as repayment now.
I love how the Jimmy Brexit gang latch onto these stupid statements without considering the real-world impact on the club.
Fair enough you don't want us to be state-owned but be honest and clear this means the debt stays or even grows with the acquisition
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You are right,, although I liked Giggs the player, Giggs the person is a horrible person. But if you look at it, Giggs was once the king of the wingers. But Ole was never right.
True about Giggs! But regarding Ole, if he was still about I would half fancy us in the FA Cup Final
It will be a new debt. He does not have the cash to pay 850m of debt. The PL prevents leveraged buyouts now, but our debt is not obligatory to be paid.
Agree, Ole did a number on Pep.True about Giggs! But regarding Ole, if he was still about I would half fancy us in the FA Cup Final
They didn't submit a bid for 100%, though. They can't. The Glazers don't own 100%, so can't sell 100%. They can't even act on behalf of the public shareholders in selling 100%.
The Glazers own 69% of the club. Therefore, Qatar and Ineos can each only bid for a maximum of 69%. If Qatar wins the bid, only after completing the purchase of the 69% can they go through the appropriate, regulated process for buying out the remaining 31% in order to take the club private.
30.5%
Woody owns 0.5%
And yet a lot on here think that SJR will be fantastic for the club. We’ll be no better off than we are now. Debt debt and more debt.
Exactly. And while the new debt would not be at club level, in reality the new owner would look to service it with club income.
There is nothing preventing INEOS from taking a new loan to pay off our existing debt. The only thing INEOS can not do at the moment is leveraged buyout of the club.
They can
Translated: ‘Everything is okay‘
Reputable journalist, and one of the first to confirm the links with the Qatari bid.
But I'm not the one making these assertions
The bids as reported are that Qatar are looking to acquire 100% of the club. Ineos valuing it higher, doesn't mean the Qatar bid isn't a world record one. I mean, if I bid £5B for 100% of your house, and Berbaclass bids £2.7B for 50% of it, technically he values your house higher than I do, it doesn't mean my bid isn't a world record one. Also, so you take it for granted that "blow others are of the water" reports are accurate, therefore PR, but the reports that they want 100% of the club aren't? What's up with the selectiveness? I can pull those reports about world record bid
Yes, because they have a valuation for the club, that doesn't mean they aren't serious, especially when said valuation is reportedly higher than what any sporting institution has gone for.
Mate, it can't be a world record bid if there's a higher one on the table
"Sources close to the Qataris believe they remain part of the process and it could yet be that they respond with an 11th-hour bid that forces the Glazers to reconsider."
Omg an ACTUAL UPDATE
He’s Nassers brother. There is every chance he has news direct from the horses mouth.
@Berbaclass sleeping, Rolaholic slips in behind for a tap in
They better do that now if they want the club then
And Ratcliffe is closing in!
Why would Ratcliffe spend billions on a football club, only to use it to service hundreds of millions of debt, when he already owns a company worth significantly more than every Premier league club combined? He'd be crippling our chances of success and limiting any chance of raising the value of the club. Unless of course everyone is narrow minded to believe any new owner will operate the same way as the Glazers. Not that that way of thinking makes any sense either. The Glazers are small time compared with Ineos
The protest at OT were “full sale only” while not Qatar, considering it Jim’s proposal to get in bed with the Glazers and the only other bid being Qatar I find this line of argument odd.
Back to square one.
My understanding was that the debt would move off United books onto the Ineos books, which would mean using that the club are able to operate without that debt affecting ffp, transfer budgets etc.
Do you have the full article to share?
Haven't they been discussing details of a sale for about 3 months now? How the feck is that an update?
Mate, it can't be a world record bid if there's a higher one on the table
It's a world record bid compared to what other sporting institutions have sold for. There are no reports - at least that I've seen - that say Ineos bid is higher, just that they value the club higher. And United hasn't been sold to Ineos yet, again, it's a record compared to what other sporting institutions have sold for.
Again, I didn't fever dream "world record bid". Here:
https://www.skysports.com/football/...rd-5bn-bid-ineos-majority-stake-offer-also-in
Finally something at least.
Doesn't feel like a white knight in shining armour moment like he probably wanted to be
Yes, a reputable journalist said "Everything is ok" in response to being asked "I hope everything is ok". It wasn't a response to the second question about the takeover, no matter how much Qatari stans are trying to believe.
Welcome. The Glazers and Sir Jim is a match made in heaven. Exciting times ahead
I said at the time news of the structured bid came out that unless Qatar pay up and factor in significant asset appreciation Jim would win. I still think Qatar will respond though.
Must resist posting scolari.gif
The stock has absolutely nosedived.
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