Not to an oil state surely
Club Sale | It’s done!
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You'd think 'leave it' has the edge here.
Isn’t it the case that SJR is buying 51% for 3bn something? Whereas the Qatari’s are looking for the full stake instantly.
So even though SJR ‘values’ the club higher, Qatar will pay more upfront for full control.
May be wrong but that’s what my understanding is.
Berbaclass with the hit (finally)
Thought the same, like it carried implications..
The problem is the Glazers only own 69%, they’re only interested in how much they can get for themselves. Why would they give a shit how good a deal the other 31% of shareholders get?
Well, can't see the Glazers leaving if the valuation is below Ratcliffe, unless Brexit Jim's money won't be paid up front like the Qatari's.
Even if we end up with the shitty option, it feels like we are finally moving towards a conclusion one way or the other
Qatar isn't going to waste time bidding less than Jim, what's the point if they haven't got anything to tempt them to sell? They're not buffoons. Also there's the under the table incentives that they can offer, Buccs tour in Qatar for instance. It's not done yet.
Feck, was hoping this wouldn't happen personally. Can't say it's a surprise, though. I didn't think that Jassim would give it up without one last play.
To be fair why would they submit a new offer if they weren’t pushed to?
Does Jim get a say? Is it the 11th hour when there no fecking clock to this?
Lots of people assuming that its all about the pure share price valuation. It's not that simple. Cash now at a lower per share price can be worth more than cash in a few years at a higher per share price. Not just due to inflationary factors, but also the ability to reinvest the cash now and earn a return that could outstrip the Sir Jim future promise. Don't be so naive to assume that the bankers and financiers looking at this will be won over by something so basic as an overall valuation. It looks good on tweets, but thats about it. There is a lot more complexity and nuance than that.
It's very unlikely that anyone with an ounce of sense would come back with a late offer that was still inferior overall than the (likely) known competition. There will be angles, it will just be about how Raine / Qatar / Glazers feel about them.
It's very unlikely that anyone with an ounce of sense would come back with a late offer that was still inferior overall than the (likely) known competition. There will be angles, it will just be about how Raine / Qatar / Glazers feel about them.
Avram staying at that hotel was significant. I’m calling it. Face to face negotiations with Avram guiding them on a price all the siblings are likely to accept.
Look at the image used, actually disgraceful.
2 to 4 years? They gonna leave this club in limbo for 4 years? Jesus wept we are on for a dark time.
I wonder if the Qatari’s are offering the Glazers a pathway to open up new business opportunities in Qatar or some sort of joint venture in the future. There must be some sort of incentive for them to accept their offer if it’s still less than INEOS are offering them for their shares.
Guess Glazer turning up at their hotel yesterday wasn't a coincidence afterall
someone smarter than me explain this logic from SJ to me? like I am a 5 year old. They wont submit the bid unless they were told it would be considered.
It will be rejected.
Long way to go on this.
Glazers can play this game all year.
Long way to go on this.
Glazers can play this game all year.
Not sure where we would get further twists from, at this point.
Hopefully we get the news the process of selling to INEOS is officially starting in the coming days.
Hopefully we get the news the process of selling to INEOS is officially starting in the coming days.
Significantly increased yet still below Jim's bid. How much did they offer originally? 2b?
The 'take it or leave it' offer still being lower than the guy who hasn't got the money is hilarious.
Potentially they're working with a budget given to them by someone who is not particularly interested in them being successful and are playing their final card even though they suspect it will be futile.
They'll be playing on their own if they don't move things forward soon
Depends if they want to sell now for the full amount of money Jassim is offering or taking less money now and staying with some shares.
Jim isn’t offering to buy the whole club now.
Translation: Jassim's entourage insists it's much higher
Closer to £5 billion according to the Times
If the new Qatar bid still values the club less than the INEOS bid then it doesn't matter. Glazers will go with the bid that suits them best, not the club.
There is no “11th hour bid” that isn’t compelling. We might be in the end game.
The next ten pages will be amusing. Arguing and crying. Then the moral argument. The people that don’t understand why Jim is offering more and what that deal means for the future of the club.
I’ll be lurking
The next ten pages will be amusing. Arguing and crying. Then the moral argument. The people that don’t understand why Jim is offering more and what that deal means for the future of the club.
I’ll be lurking
It was reported his last bid was close to £5bn. Now his significantly improved bid is also close to £5bn
Avram was pictured coming out of their owned hotel last week under the guise of watching the woman’s cup final.
I’m guessing they’ve been told they’ll get a slightly lower offer for the optics but some bumper deal down the line.
Glazers can then say they did what was best for the club by taking less money but leaves no debt and they feck off back to the states with a weak PR win.
That’s my read, right or wrong.
doesn't sound logical to me. no one plays around with this kind of offer. Given all of these reptiles move in the same circles.
Feels like figures are just being plucked from thin air as wasn’t Jassim’s initial offer £5BN in the last final round?
Can’t wait for this circus to finally conclude!
He still doesn’t have the money to go toe to toe on a full sale. I’m sure if Qatar went down the same road as Ratcliffe has by only bidding for their shares this would have been wrapped up long ago.
I always laugh when I read that the Qatar bid will include clearing the debt as if the current owners give a flying f*ck.
So, according to the apparently ITK sources, during this process the Qatar bid has gone from £5bn, to being increased to £5bn, to being increased to £5bn and now it's been increased again to close to £5bn.
Could it be £5 billion for the Glazers share?
They don’t structure corporate sales on the never never like they do with football transfers. This will be a cash deal, only alternative would be if he paid with INEOS stock but I don’t think that’s likely.
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