It’s not weird. He just says a bunch of wafty vaguisms and hopes it’s interpreted which ever way the cards fall.
Club Sale | It’s done!
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He’s wearing a suit in his profile picture? Seems reliable to me.
feck off posting a video of him saying loads of things are unclear and he doesn’t know anything
Except that it wasn't a world record bid, so he wasn't correct. They were outbid by Ineos, so it makes it pretty obvious where the line about "Jassim's world record bid" that he and several other journalists touted, came from.
And before anyone jumps in and says that Qatar offered 100%, so they offered more than Ineos. No, no they didn't. The Glazers don't have 100% to sell, nor can they negotiate on behalf of the public shareholders, so no one bid on 100%. Qatar and Ineos each made an offer to buy 69%, and Ineos made a separate offer for 51%. Only once a party acquires control can they then make offers for the other 31% to the public shareholders.
But why does it get mentioned publicly before this paperwork is completed?
You don't know this though. If the Ineos bid is so amazing, why hasn't it been acceped yet? You're taking what you want to believe as fact, but the reality is that no one knows nothing. It's all guesswork until an official announcement.
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Everyday I log on... Ooooh ten more pages.... Something has happened!
Oh, it hasn't.
Oh, it hasn't.
A man was outside a hotel, what more do you want?
I thought Claridges would've had much higher standards, I mean, just look at the size of the rat they let wander in there, luckily it left.
Brilliant. The context he gives as to why he holds that opinion re De Gea is our limited resources and more pressing needs elsewhere.
Seems of course you have no issue with intellectual dishonesty though. Says a lot about you.
Have some respect.
The only way Ratcliffe wins this is by doing the 50+1 deal so Qatar will pay more up front than he will. That’s Ratcliffes supposed trump card.
I think you'll see well over a hundred pages overnight once something actually happens.
Did Avram fill up his car today? DONE DEAL.
You don’t drive a car then? Or ravel by bus?
Would it need to be disclosed to the SEC first? This is a private transaction of unlisted shares. Yes, the holders of the 31% of listed shares would be interested but I’m not sure there even needs to be an SEC filing as first notice.
No, Ineos's current bid option for the Glazers' full 69% is more than Qatar's.
The only way Ineos doesn't win this is if Qatar, for the first time since this whole process begins, actually makes a bid based on a valuation of at least 5.5, if not 6bn.
Brailsford is in charge of INEOS sporting interests. He’ll be involved for sure but not employed directly by the club.
Not really…sure there were a number of people on here who didn’t know that the Glazers owned 69% of the club, and not 100%.
EV my friendYou don’t drive a car then? Or ravel by bus?
Ah cool, just child labour, toxic leaks and untold diesel used to dig up the cobalt.
The percentages are irrelevant. Their valuation of the share price is higher yes but the only way Ratcliffe comes out of this on top is if he does a deal with the Glazers. He’s paying more for less of a share just to get control.
The valuation is for the whole club. Ratcliffe has structured his deal in such a way that means he is able to offer more for 51% of the club because it requires less liquidity so he can afford to make a higher valuation than Qatar who intend to buy 100% at around 5 billion currently
Qatar have not bid 5bn for the entire club. They can only buy the Glazer’s 69% at the mo, which is the only deal on the table. Their bid is for the Glazer’s shares only, same as INEOS.
They have valued the club at 5 billion I didn’t say they had bid that much to the Glazers.
It's amazing there will be 50 pages of posts about Avram staying at a hotel
How is it irrelevant? Ratcliffe's offer for 69% involves more money going to the Glazers than Qatar's offer for 69%. No one can offer to buy more than 69% from the Glazers. If they take the 50% option, Ratcliffe pays less now, but the Glazers that sell still get more now than they would from Qatar, and the two remaining Glazers would get more in 2-3 year's time from Ratcliffe than they would get now from either Qatar or Ineos.
They will buy 100%. The remaining minority shareholders will be forced to sell for a price that is considered good.
It's been pretty widely reported, it's just less sensationalistic than saying that the Glazers are staying on. I'm not going to look it up now, so if you choose to think I'm making it up, fine.
Yeah stopped at Sainsburys for a meal deal as well.
Can you get Tesco club card points on a bid?
Oh yes. We can literally debate about hypothetical nothingness with ever increasing passion and anger.
Today it seems whether several no name journalists are good sources or not.
One in particular, Andy Mitten (just being honest that Ive never heard of him but then I couldnt name 5 mainstream ones off the top of my head ) seems to be dividing opinion with more and more ferocity.
Perhaps we need a poll. Andy Mitten keep or sell
I’m clearly saying Ratcliffe doesn’t intend to purchase 69%. I think his current intention is to do the deal for 51% to gain control and to gain the upper hand has made his valuation higher because his upfront cost is significantly less than the Qatar bid.
If Qatar takes control of the club they will literally have put £5 billion on the table for both the Glazer and publicly traded shares.
If Ratcliffe wins he is paying roughly half that and then a premium of some kind 2-3 years down the line. IMO this is the only way he can gain control. If you disagree then fine but I fully understand the situation. My take is that 51% is the only chance Ratcliffe has.
But that doesn't have any relevance to the current sale process. The Glazers don't care about that (other than a very small handful of Class A shares that some have), and it's not part of the same transaction. Qatar can't take any steps toward that unless/until they finalize control of the club.
yes but he’d better get a move on, triple your points changes to double your points in mid June!
They will not be forced to sell. The winning party, whoever they are, will be required to make a public offering for the remaining shares. The 31% do not need to accept if they think the offer is not good enough. If Qatar win they will need to bid around $30 per share to have a chance. INEOS don’t want 100% so they will probably lowball as they don’t care.
The only chance of the Glazers leaving at all currently rests with the 51% option that Ratcliffe has offered, if you ask me. But you can't say that he doesn't intend to purchase 69% if he has put a bid on the table for that (which is at the same valuation of the club as the 51%). It will cost him more to buy the remaining 18% in 2-3 years than it would now, so it makes little sense for him to prefer the 51% option.
Granted, I think it's unlikely that they take the 69% option from him. And less likely still that they take the current bid from Qatar. Barring Qatar finally deciding to offer close to the 6bn valuation, then the only chance of the Glazers giving up control at all rests with the 51% option.
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