The incentive is the time value of money, would you rather have 5bn now or 5.5bn (in total) spread over 3years?
I’d have the former as I can make a greater return investing the full amount today, especially with interest rates increasing.
Club Sale | It’s done!
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I’d have the former as I can make a greater return investing the full amount today, especially with interest rates increasing.
Keegan is the one that said it's significantly improved not the Times.
Cheers!
So, what exactly would be the advantage of his new offer? What's the point of submitting an offer that's still lower?
This is over. It makes sense, though. The Qatari may want Manchester United, but they don't need Manchester United. Another club for far less money would still do the job.
This is over. It makes sense, though. The Qatari may want Manchester United, but they don't need Manchester United. Another club for far less money would still do the job.
I don’t think anyone really knows what the fecks going on. There’s been that many figures thrown about in £, € and $ that the whole things a shambles in terms of knowing the precise amounts involved.
So if this is that 11th hour bid I expect to hear either way before 10 
Make a fecking decision you greedy bastards and let us all move on.
Make a fecking decision you greedy bastards and let us all move on.
Value of the pound must be rapidly increasing
Nah. £5bn for 69% of the club is way too high.
It’s not always based on "best" offer, it can best the best deal to go forward with. If it’s very close between the offers, the on who is lower might not be the best deal all in all.
I think the details we don’t know anything about will decide in the end and my bet would be Qatar as winners.
The Times said the last bid fell short of £5bn now this offer is closer to £5bn. Keegan is the one that said that their offer was significantly improved.
I've always doubted what the incentive to keep a small portion of shares to sell "three or four years down the line" would be. On the contrary you cannot oblige someone to buy something in the future. Ratcliffe might well say 'Actually mate, I don't want to buy your shares.' and there's nothing they could do about it. Keeping shares to sell at ordinary market rate vs an opportuity to get rid of them at an inflated takeover price seems a no brainer to me
Must have been advantage INEOS if the sheikh is making last minute improved bids.
No. The Times reported his offer fell short of £5bn now it's closer to that figure.
The way I understand it, they get their money all upfront. Whereas Jim pays a chunk now for controlling interest with a view to buy the entirety in 2-4 years.
If the Glazers were at the hotel discussing this approach then it's though to see it being rejected.
What road? The entire sale process is for the glazer’s share. That is what is for sale. The other 31% is irrelevant. They’re a red herring that mean zilch.
The thing is no one seems to know if the 5b is for the Glazers shares alone or if it’s including the other 31% of shareholders being factored in as well. If it’s the latter the the Glazers will be getting less than 5b.
You can force someone to buy from you, it’s called a put option. Basically a contract like any other contract.
Wasn’t SJR offer rumoured to be just over £2.5B for 51% so his value if he sold today doesn’t value it higher than SJ.
It’s valued higher over the next 2-4 years.
It’s valued higher over the next 2-4 years.
I'm now starting to get worried the Glazers won't sell for some time. After all the chat about Jim's offer being the best, the saga has gone nowhere and now slightly reputable sources reporting that Qatar has come in with a final weak bid.
Maybe SJR's offer is enough for the Glazers to settle
Maybe SJR's offer is enough for the Glazers to settle
So it's still lower than the INEOS bid who are offering the chance for Glazer's to stay on and just bank a few extra million a year - not really sure what the incentive is for them to accept the Qatar bid?
But either have to take up the option? What more would the Glazers get in a few years and what benefit would it be to Jim to buy shares he doesn’t need?
The club isn’t going to double in value in two years and they’re not the youngest family about
The road Ratcliffe’s currently going down of looking for a 51% stake and keeping 2 of the Glazers around for the next 3-4 years.
Me says Jassim is a joker.
Not quite 10:30 but
I really think it is. It's the higher end of what it was suggested they might be able to get for the club.
Joker vs Bluffer
A better deal altogether is my bet.
That’s true, but it just needs to more attractive than Ratcliffes offer. It needs to be such that having the money from Jassim today is a better deal than Ratcliffe is offering only for the glazers stake plus the ability to retain a small portion.
it’s why bankers like Goldman sachs are brought into the process, they’ll do the number crunching and advise the family which one’s actually the better offer all things considered, including taking all money and selling 100% and reinvesting the proceeds.
But then they will know what they're going to get for it,so why would Ratcliffe not factor that into the purchase to begin with? It's not as if they're sitting on it to see if it increases in value if the sale is pre-agreed in this scenario. The narrative is they're keen to keep some shares expecting value to increase in coming years. If they're going to agree to sell them in 2023 and agree how much they'll sell them for then there's no future increase in value benefit.
Not sure why they would want it spread all over the news if the Glazers were likely to accept.
Whilst I don’t think any of the glazers want to stay on. I think the brothers were used as a front and if they go with the Ineos offer, I think it’s more likely all of the glazers will hold a small share of the 18% held in the club
Jassim with the injury time tap-in??
I'm having a hard time believing that story about the hotel. Seemed more like a rich man in an expensive hotel. And if it was done like that, why announce it?
But could be, as well. From my point of view, Ratcliffe's offer is still better though, particularly if Joel and Avram really want to stay.
TBF whoever loses out of Qatar and Jim they've will only have themselves to blame.
Sound like Jim's bid is bigger overall but is paid out over multiple years.
Jassims bid is smaller but is an instant takeover.
Sound like Jim's bid is bigger overall but is paid out over multiple years.
Jassims bid is smaller but is an instant takeover.
Hardly that simple.So if this is that 11th hour bid I expect to hear either way before 10
Make a fecking decision you greedy bastards and let us all move on.
Even if Ratcliffe wins tomorrow, he's not got the cash, so that'll take time. Unless, the yank banks are ready to wire the money immediately.
If he keeps the Glazers (and why would he otherwise win), then a new corporate structure would be needed.
Our summer is fecked already but this is endangering the season at this point.
The twitter guys were right then 
Expecting Kaveh to now jump in with inside information after being quiet for 2 weeks
Please put us out of our misery.
Hell of a coincidence
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