Club Sale | It’s done!

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Money now is worth more than money in 3 years so depending on the difference it's potentially better to accept a smaller sum and get it not than the bigger sum down the line.

Not to mention that 3 years of investment interest etc your missing out on by waiting.
 
LawCharltonBest said:
Why would the Qatar offer be accepted?

If it’s less value, 4/6 Glazers would get less money. Ineos are offering to buy them 4 out for more money. 4 Glazers will outvote 2.
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We don’t know how it’s structured. The Sheikhs offer may be lower but could be a lump sum, cash up front here and now. whereas Ratcliffe may be offering slightly more but will be payed in instalments over a number of years. That could be quite enticing for some of them.
 
I don’t believe for a second that this £5 billion offer wouldn't be for anything other than the Glazer’s 69% and it comes a day after one of the parasites spends a day at a hotel owned by Jassim’s father, they clearly spent yesterday negotiating then today that negotiating has become an official offer.

It’s been a game of cat and mouse between the Glazer’s and the Qataris with the Glazer’s twerking for Ratcliffe like an ex trying to make their ex jealous then Qatar looking at other clubs to show they’re not bothered by their ex flirting with others.

Potentially the Glazer’s MAY have got what they’ve been angling for this whole time in $1 billion each for their shares, IF this is true you’d hope this is completed quick so we can focus on our summer transfer business and be settled going into pre season for once.
 
Wrecking ralf said:
Had there been an indication that the Glazers actually want to stay on? They must know the bad press and protests will likely continue unless they are completely out of the club. I think they’ll be after the full sale but have made it seem they would accept SJR’s bid to get the Sheikh to improve his offer. Hopefully this new bid is what they wanted and it’ll be done dealio shortly.
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I think the time has come to accept the protest and hostility, the chants, banners and the bed sheets have made feck all difference to anything. If they gave a shit about their unpopularity they'd have fecked off years ago.
 
The Glazer’s either get slightly less than Ratcliffe but get it now, or get slightly more and stay involved as Ratcliffe’s whipping boys and sell their remaining shares in 3-5 years… Qatar‘s offer if there’s not much in it will be attractive
 
redNATION said:
But it’s not, it’ll be a price based on earnings or revenue growth, with a minimum. This isn’t unusual in an option structure. If earnings increase significantly they stand to make a lot more money exercising the option in 3 years , for example

edit: and on your final statement, that’s exactly what he’s doing to make it attractive for the Glazers. There’ll be a cap on the price so he’ll know his maximum exposure. This is why you hire expensive bankers like Goldman Sachs, who do all the number crunching
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But what's in it for Ratcliffe? Is it realistic he'll commit to paying far more to obtain a minority stake in a business that he will at that point already control than he did to obtain control of it in the first place? It seems like a massive headache down the line if you control the club and have to find billions more simply to buy out a minority shareholder.
 
Come on you cnuts, accept the offer & feck off
 
LawCharltonBest said:
Why would the Qatar offer be accepted?

If it’s less value, 4/6 Glazers would get less money. Ineos are offering to buy them 4 out for more money. 4 Glazers will outvote 2.
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5bn (roughly) full sale now or considerably less ‘up front’ for some of the shares and staying on, it’s whether they want the money now and/or do they even want to stay on in a lesser role with somebody else running the ship.

When they eventually sell the rest of their shares it may be better value but it’s still a risk if Jim fecks the club up even further than they have.
 
Why are all these updates worded the exact same? Briefed by Sir Jassim?
 
So Qatar have come back with a much improved bid but reading it’s still lower than INEOS’ bid? What’s the point?
 
Zoo said:

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“Follows verbal back & forth”

If that’s the case then seems like Jassim is the Glazers’ preferable choice. Otherwise they wouldn’t really be negotiating back and forth with him if they had no appetite to sell to him.
 
Part of me is optimistic because the rat was spotted at the hotel, but then the new offer valuation is still lower than ratcliffe's so I don't know
 
Pexbo said:
I’m really pleased he’s able to confirm all this once others have reported it.

Could you imagine having a job which consists of constantly making things up, lying and pretending? What a hollow and risible existence.
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I know right

His updates are absolute garbage
 
If we don't get a response either way from the Glazers over the next few days, then they are definitely dragging it out until after the last game of the season, which will only mean one thing.
 
So his much improved bid is "close to 5b".. how low was his first bid?

Skint Jassim.
 
stw2022 said:
But what's in it for Ratcliffe? Is it realistic he'll commit to paying far more to obtain a minority stake in a business that he will at that point already control than he did to obtain control of it in the first place? It seems like a massive headache down the line if you control the club and have to find billions more simply to buy out a minority shareholder.
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It’s the only way he can make an offer that can compete with Qatar, but still giving the glazers the ability to exit. A minority shareholding on its own is not attractive or valuable as it’s difficult to sell to a third party.
 
Spoony said:
True but Ratcliffe could've easily offered Avram and Joel enough to walk away with a couple of briefcases full of cash.
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My own feeling is that Avram and Joel sense something special is about to happen with EtH and want to be part of the excitement.
 
JJ12 said:
5bn (roughly) full sale now or considerably less ‘up front’ for some of the shares and staying on, it’s whether they want the money now and/or do they even want to stay on in a lesser role with somebody else running the ship.

When they eventually sell the rest of their shares it may be better value but it’s still a risk if Jim fecks the club up even further than they have.
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Ratcliffe has a bid in that would be a full sale too and it’s apparently higher than this Qatar bid.
 
Canuckred64 said:
Are we any closer to this coming to a conclusion? Who has the upper hand now, last week it was Ratcliffe, now it seems to be Sheikh Jassim. I can't keep track of what's going on.
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The rats are still trying to Skolll
Spoony said:
Thing is, why didn't Jim put in an offer for thr whole of the club? He's hardly a pauper.
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He’s asset, not cash rich.
 
Way I've read it is SJ offering less than SJR but it's in full and paid now.

SJR is offering more but it's over 2-4 years and could potentially devalue if things were to keep rising.

This is why SJ believes his bid is better.
 
Nick7 said:
So Qatar have come back with a much improved bid but reading it’s still lower than INEOS’ bid? What’s the point?
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Its ‘value’ is less

The difference is Jassim would get the full Glazer 69% shares. Jim is offering less money for less shares.

So it’s more money now from Jassim or less money from Jim in the first instance but still having shares in the club (overall more value)
 
VP89 said:
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.
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I’m sure SJRs offer to buy only a controlling share is a compromise though. If they wanted to leave I’m sure he’d been more than happy to buy them out entirely. Jim’s offer only makes sense in the event they don’t want to leave.
 
Dr. Dwayne said:
My own feeling is that Avram and Joel sense something special is about to happen with EtH and want to be part of the excitement.
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Nonsense. These guys thought Martial was the new Ronaldo when they overrode Jose to give him a new deal
 
Nick7 said:
So Qatar have come back with a much improved bid but reading it’s still lower than INEOS’ bid? What’s the point?
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It's higher in actual money, just lower in "valuation". So it comes down to whether the Glazers want to deal with being paid in installments, with debt, while waiting years for a full exit. Or if they are willing to just take a full written check right now and be done with it.
 
JJ12 said:
Its ‘value’ is less

The difference is Jassim would get the full Glazer 69% shares. Jim is offering less money for less shares.

So it’s more money now from Jassim or less money from Jim in the first instance but still having shares in the club (overall more value)
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By all account Jim has two bids in at the moment. A 69% and a 51% no? At least that’s what I’ve read.
 
I'm sure tomorrow we'll be briefed about Ratcliffe upgrading his offer. This drama will never end
 
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