Club Sale | It’s done!

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Amarsdd said:
I've known of 5 people from the neighbourhood I grew up in being lured there for high paying labour work, but forced to work and live in horrible conditions for a portion of the promised pay, any dissent and you're basically doing unpaid work, and basically trapped cause your passport is confiscated; all that with no health, safety and legal support. They eventually made it back home after months and months of trying, and not in a box which was lucky given what they had to go through. All this just in the neighbourhood I grew up in. So, yeah I'd say that poster's connotation is quite close to reality.
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I have around 30-35 acquaintances working in Qatar. None of them had any problems thus far. Paid on time, nothing shady.
 
L1nk said:
Don’t they have like 60bn revenue a year
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Profits of 2bn in 2022. Cash and cash equivalents of 2.5bn at year end, and around 8.5bn of long-term debt.

There is nothing wrong with INEOS using debt funding for an acquisition (well run companies don’t keep mountains of cash lying around for no reason) but ultimately it would put further strain on United (even if the debt is not on United’s balance sheet).

As fas as I know, Qatar (QIA to be precise) don’t currently raise debt to fund their acquisitions as they are basically rolling in cash from gas revenues.
 
Woziak said:
Assuming either party sign a deal at the end of next week that’s the 20th May, the deeds, Paperwork due diligence will take at least 2 months from that point, that’s at best 20th July 2023 more like 10th August 23, giving the new owners 3 weeks to work in the transfer window.

There has to be some form of correspondence between SJ/SJR and the Glazers with regard to approved players; there must be certain players like Harry Kane, Kim Min Jae and Declan Rice/M Caciedo where all parties agree on these signings and the club will use the credit card facility to pay down payments, All parties know they have to sell at least 7 or 8 players to increase the transfer budget to a more meaningful amount of £180-220m but maybe decent free transfers like A Rabiot or M Thurham can also be easily agree.
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Should sign up both Rabiot & Thuram as they are free agents so absolute no brainers
 
christinaa said:
SJR 6 Billion next to Qatari 262 Billion??
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Think we have to get past the Qatar side of they bid. For all the talk of a football pyramid with United at the top it really looks as if they can’t afford us which places in doubt the entire state aspect as well
 
Woziak said:
Assuming either party sign a deal at the end of next week that’s the 20th May, the deeds, Paperwork due diligence will take at least 2 months from that point, that’s at best 20th July 2023 more like 10th August 23, giving the new owners 3 weeks to work in the transfer window.

There has to be some form of correspondence between SJ/SJR and the Glazers with regard to approved players; there must be certain players like Harry Kane, Kim Min Jae and Declan Rice/M Caciedo where all parties agree on these signings and the club will use the credit card facility to pay down payments, All parties know they have to sell at least 7 or 8 players to increase the transfer budget to a more meaningful amount of £180-220m but maybe decent free transfers like A Rabiot or M Thurham can also be easily agree.
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This is what I asked about the other week as there surely must be something in place between the parasites and the new owner in regards to transfers if this isn’t completed soon as it’d negatively affect the club in their transfer business.

I’m guessing the parasites will clear the credit balance in order for us to spend on transfers then they’ll be reimbursed by the new owner or any outgoings for transfers will be included in the takeover deal amount, you’d like to think any new owner wouldn’t want to come in hamstrung from the off due to the parasites dragging this out because of their greed and incompetence.
 
cyberman said:
Think we have to get past the Qatar side of they bid. For all the talk of a football pyramid with United at the top it really looks as if they can’t afford us which places in doubt the entire state aspect as well
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It really does. It’s totally bizarre how this is playing out. Low balling the bid but promising huge investment seems a bit backwards. Now we hear the 92F somehow can’t complete a sale as it isn’t ready. Then rumours of the bid being affected by Credit Suisse collapse. And their insistence that they would not place a majority bid but only the whole thing or nothing. Honestly seems a bit amateurish which is odd if the bid has truly been run past Al Khelaifi and the Emir. With his dads input too you’d think they’d have cake walked this but they are floundering a bit now. All the PR about last minute bids and everything being ok just looks to be a face saving exercise. Odd.
 
Plant0x84 said:
It really does. It’s totally bizarre how this is playing out. Low balling the bid but promising huge investment seems a bit backwards. Now we hear the 92F somehow can’t complete a sale as it isn’t ready. Then rumours of the bid being affected by Credit Suisse collapse. And their insistence that they would not place a majority bid but only the whole thing or nothing. Honestly seems a bit amateurish which is odd if the bid has truly been run past Al Khelaifi and the Emir. With his dads input too you’d think they’d have cake walked this but they are floundering a bit now. All the PR about last minute bids and everything being ok just looks to be a face saving exercise. Odd.
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Yeah there is so much mystery around their bid
 
davidmichael said:
This is what I asked about the other week as there surely must be something in place between the parasites and the new owner in regards to transfers if this isn’t completed soon as it’d negatively affect the club in their transfer business.

I’m guessing the parasites will clear the credit balance in order for us to spend on transfers then they’ll be reimbursed by the new owner or any outgoings for transfers will be included in the takeover deal amount, you’d like to think any new owner wouldn’t want to come in hamstrung from the off due to the parasites dragging this out because of their greed and incompetence.
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That’s exactly what they were saying when the last set of accounts was released with a loss of £115m, the credit line was maxed out and they said that they would be using PL tv money and prize money to pay off the credit line so they could spend again this summer. If the two Goblins are staying they will pretend that’s it all their money and after we sell 7 or 8 players, we’ll spend £170-200m
 
Plant0x84 said:
It really does. It’s totally bizarre how this is playing out. Low balling the bid but promising huge investment seems a bit backwards. Now we hear the 92F somehow can’t complete a sale as it isn’t ready. Then rumours of the bid being affected by Credit Suisse collapse. And their insistence that they would not place a majority bid but only the whole thing or nothing. Honestly seems a bit amateurish which is odd if the bid has truly been run past Al Khelaifi and the Emir. With his dads input too you’d think they’d have cake walked this but they are floundering a bit now. All the PR about last minute bids and everything being ok just looks to be a face saving exercise. Odd.
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I am beginning to think that Jassim invited his mates for his birthday without telling daddy. Now he is standing outside his study wondering how to tell him.
 
What I don't understand is, why hasn't Jim chosen to go into exclusivity period/chosen owner, if he is the preferred bidder? Why all the leaks?
 
Mindhunter said:
I am beginning to think that Jassim invited his mates for his birthday without telling daddy. Now he is standing outside his study wondering how to tell him.
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Yeah eventually this will dawn on our fan channelers like Flex & Goldbridge when they get all depressed about Qatar not getting it
 
Im quite surprised that a lot of people don't want Ratcliffe because of he was pro Brexit.
I thought England was mad for Brexit yet everyone on here seems to be a remainer. :lol:
 
Ted Lasso said:
You're entitled to feel that way.

I see Ratcliff ownership based on Britishness to be way too similar to Sir Alex's decision to go with Moyes as manager. Likewise, many fans' preference to a British manager versus a foreign one.

I appreciate that football is England's game and clubs like Manchester United, have begrudgingly (to locals) become global sporting brands. So I understand wanting to keep it as local as possible but think it's incredibly detrimental to the health and success of United in the long run.

I would much prefer to keep the club competitive until the FA instates stricter mandates on fielding English players for example.

I also think the anti-Qatari state discussion is rooted in racism and nationalism. I can't quote five posters here who have that opinion that didn't watch the World Cup let alone friends and acquaintances in real life. It's a lot of hypocrisy and covering up of xenophobic sentiment. Either that or willing ignorance of the atrocities committed by the likes of the United States. As a proud American I'm also ashamed of what we've done over the last 20 years since 9/11 let alone our entire history as a nation. Most recently with immigration, police brutality, white supremacy, Guantanamo before that, the financial terrorism creating a billionaire oligarchy, and so on. Is Qatar in some sort of different moral stratosphere than the US or England to me? I can only laugh at that.

The moral compass argument is complete bull sht but y'all are welcome to feel so. Just please don't shove it down the throats of others or belittle them for not feeling the same about it.
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Well said.
 
Rayman96 said:
Im quite surprised that a lot of people don't want Ratcliffe because of he was pro Brexit.
I thought England was mad for Brexit yet everyone on here seems to be a remainer. :lol:
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If you hold right wing views on the caf you either learn not to share them too frequently or you get banned.
 
NK86 said:
You keep saying Qatar has "killed" as if they are going around shooting migrants. I am sure there have been accidents but your connotation is not that here.

Will you call JR a "killer" if there was any fatality in any of the Ineos operations?
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Isn’t Jim’s fracking empire a killer? Maybe there’s an army of fish out there after him because of all the contamination and what about all the polar bears? After he’s decimated all life on the planet to line his pockets can we criticise him then?

The guy is a literal mass murderer/potential genocidist
 
DOTA said:
If you hold right wing views on the caf you either learn not to share them too frequently or you get banned.
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Is Brexit really a right wing construct? I know plenty of old staunch Labour voting trade union members who voted firstly for ukip and then to leave the EU many of whom wouldn’t think of voting Tory.
 
If it is indeed Qatari state (which in all fairness it seems like it is) then it will be huge embarrassment if they get outbid so I do expect another bid to atleast match the current highest bid
 
NK86 said:
I hope that we won't be fractured on supporting the club over who owns us. No matter the new owner, only the best for United has to be the consideration when evaluating the performance of the new owner.

Now we cannot do much, let's just hope it's done quickly so that we don't have another season get fecked due to Glazers' ineptness. It's dragged on for way too long already.
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We stayed through this shitty period of the leeches. Nothing is going to stop us from supporting the club we love.
 
Plant0x84 said:
Is Brexit really a right wing construct? I know plenty of old staunch Labour voting trade union members who voted firstly for ukip and then to leave the EU many of whom wouldn’t think of voting Tory.
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It was certainly supported by many people who don't support right wing economics but I think any project as anti-immigration as Brexit is fairly considered a right wing one.
Andy_Cole said:
Trying to find any media coverage but don’t see it. A friend works for INEOS who told me.
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Would recommend deleting the bit about people dying then, as that would be libellous. Also probably don't make claims like that in future without checking.
 
Plant0x84 said:
Is Brexit really a right wing construct? I know plenty of old staunch Labour voting trade union members who voted firstly for ukip and then to leave the EU many of whom wouldn’t think of voting Tory.
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UKIP is a right wing party.

Your lefty mates went right wing in their old age.
 
This thread has been/was/is mental. :lol: It's been my nightly read whilst on my break at work. As a nurse, some of you need an intervention. Maybe a section 3, and straight to seclusion. Spend some time with your thoughts. :lol:
 
Raoul said:
If the Glazers entered into this process with an interest to stay on (Joel and Avi that is) unless they received an exorbitant bid for a price they deem appropriate, then that would explain why Qatar don't win. Their bid wasn't enough to trigger whatever number the Glazers had in mind, which means the fall back would be the INEOS bid that may allow the two brothers to remain on in some minority role.
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This is the part I don't understand. Why would they want to stay when they've no interest in football, are detested figures, earning themselves a paltry million a year when they each could take a billion and adios amigo?

It's probably been explained in the last 1300 pages or so but I just don't have either the will or the energy to go looking.
 
DOTA said:
It was certainly supported by many people who don't support right wing economics but I think any project as anti-immigration as Brexit is fairly considered a right wing one.
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Pexbo said:
UKIP is a right wing party.

Your lefty mates went right wing in their old age.
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Fair enough chaps. I’m going to sidestep this particular debate, so I’ll take your word for it.;)
 
DOTA said:
It was certainly supported by many people who don't support right wing economics but I think any project as anti-immigration as Brexit is fairly considered a right wing one.
Would recommend deleting the bit about people dying then, as that would be libellous. Also probably don't make claims like that in future without checking.
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Yeh deleted. If you can delete the reply post too please.
 
Forevergiggs1 said:
This is the part I don't understand. Why would they want to stay when they've no interest in football, are detested figures, earning themselves a paltry million a year when they each could take a billion and adios amigo?

It's probably been explained in the last 1300 pages or so but I just don't have either the will or the energy to go looking.
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Just a guess, but if they expect United to double in valuation over the next decade then they are more likely to be amenable to keeping their shares. Not all of them of course, just the ones with a vague interest in United and remaining in an appreciating asset.
 
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