Club Sale | It’s done!

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DOTA said:
I suspect because whoever has the final say isn't willing to let them offer any higher, so they're making the best bid they are able to, in the hope the INEOS offer is worse than reported.
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I find it hard to believe they wouldn’t know the exact bid they need to beat
 
Tarrou said:
I find it hard to believe they wouldn’t know the exact bid they need to beat
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Are you imagining the Glazers/Raine choosing to share that information with them or spies or? The Glazers blabbing to bidders the score to beat would seem a strange strategy to me.
 
Woziak said:
Totally agree and I do not believe SJR has bid £6bn for the club which would value 69% at £4.14bn or 51% at £3.06bn, I think the quote is in Dollars and deliberately leaked to cause Qatar to raise the bid to £6 billion, If Qatar lose they will buy another PL club but I think they will make one final desperate bid next week.
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You genuinely think Qatar, or for that matter any serious businessman, will make bids based on random leaks in the tabloids? If they have made another bid after the deadline, you can bet your bottom dollar that it's after negotiations with Raine.
 
Woziak said:
Morons on Twitter verse saying that capital gains tax of 15% makes SJ bid even worse because it’s a full sale, what they didn’t realise is the company is registered in the Cayman Islands so no capital gains tax it means if they do the deal now with Qatar for 69% of £5.2bn which is $6.5bn full valuation and the six siblings would get $4.48 billion now without any tax liabilities.

I do think people have got the £6 billion of SJR wrong more like $6 billion or £5 billion which was better than all the previous SJ bids for 69% however he has a bid of £5.8bn or $7.2bn for 51% only because he’s giving increased value in year 3 and year 4 for the remainder of Joel and Avram’s shares because they are not paid now.

Assuming this is true this means that the other 4 siblings would be paid $3.24bn and Joel and Avram $432 million for the additional 6% giving SJR controlling shares, then he would convert old b shares to new shares and give Joel and Avram about 20% if a restructured company, this is incredibly messy. I just don’t see the Glazers moving on Qatar bid unless they offer £6 billion pounds for 100% and stop using potential investment as part of the bid.

The saga ends soon right now I’d go 65/35 in SJR favour
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What makes you think that it's still so much in Ratcliffe's favour just out of interest
 
DOTA said:
Are you imagining the Glazers/Raine choosing to share that information with them or spies or? The Glazers blabbing to bidders the score to beat would seem a strange strategy to me.
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I think they leak information through intermediaries to encourage a bidding war, yeah
 
This is like the FDJ saga - feck all happening for absolute ages. To be fair, it’s the Glazers. Dragging their feet is sort of their thing.
 
croadyman said:
Does feel we are closer to conclusion now
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I don’t know why we don’t thread title updates or thread marks? For once even YouTube is doing a better job of giving me the latest on this as one has to scan this thread to get updates.
 
DOTA said:
Yeah, could be very close if the Qataris really have said this is the best they can do. Things would get a lot simpler from there.

Cause the mods have forsaken this thread?
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So you mean in terms of Glazers have said to them in meeting on Monday name your price
 
DOTA said:
No, if it's a 'final take it or leave it' offer, as their man Mike Keegan claimed.
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Oh you meant in terms of ultimatum,cannot understand why Jassim didn't make a bid that would make his highest overall
 
If its lower to Sir Rat's bid then it will be rejected
 
croadyman said:
Oh you meant in terms of ultimatum,cannot understand why Jassim didn't make a bid that would make his highest overall
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I think it's still a valuable bid. He's offering them much more money than his competitors now but perhaps less money than them in the long term.

Both parties are still offering less than the £6 billion the leeches reportedly want though so I think it's probably in the Glazer's interests to keep the bidding open for as long as possible until someone caves and offers what they want.
 
Himannv said:
I think it's still a valuable bid. He's offering them much more money than his competitors now but perhaps less money than them in the long term.

Both parties are still offering less than the £6 billion the leeches reportedly want though so I think it's probably in the Glazer's interests to keep the bidding open for as long as possible until someone caves and offers what they want.
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Jassim will never offer £6bn outright
 
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Himannv said:
I think it's still a valuable bid. He's offering them much more money than his competitors now but perhaps less money than them in the long term.

Both parties are still offering less than the £6 billion the leeches reportedly want though so I think it's probably in the Glazer's interests to keep the bidding open for as long as possible until someone caves and offers what they want.
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Ratcliffe is offering more then jassim though
 
devilish said:
Ratcliffe is offering more then jassim though
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Yeah overall he is as he will pay them £6bn over 2-4 years,however Jassim is offering to give them £5bn NOW. Cannot understand why he won't meet that £6bn figure up front then club will be his.
 
Jassim clearly has deeper pockets, all this has been a plot to get him to dig as deep as possible. The Hlazers all want to leave but Joel and Avram are greedy for every last penny. Taking a massive premium on share price now is the almost the only scenario that makes sense for them.

But all the speculation about the bids is nonsense. The only people who know less about what’s in those bids, are the posters on here. I’ll only say that an 11th hour bid, when you’ve been heavily involved in the bidding process, is only designed to win the deal. Not be competitive. The bids will also be much more nuanced than just the money on offer.

It’s been twenty pages of the same four tweets reposted ten times and speculation from a lot of people who have no information and frankly know very little about the entire process.
 
Giggsyking said:
Is this how you engage in dialog with others who disagree with you, you bully them, steal their belongings, few digs ? You sound like an autocratic country leader.. The irony.
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It's utterly fascinating how hung up you are on someone losing their flag, considering your consistent complaining about morality talk throughout the thread.
 
simonhch said:
Jassim clearly has deeper pockets, all this has been a plot to get him to dig as deep as possible. The Hlazers all want to leave but Joel and Avram are greedy for every last penny. Taking a massive premium on share price now is the almost the only scenario that makes sense for them.

But all the speculation about the bids is nonsense. The only people who know less about what’s in those bids, are the posters on here. I’ll only say that an 11th hour bid, when you’ve been heavily involved in the bidding process, is only designed to win the deal. Not be competitive. The bids will also be much more nuanced than just the money on offer.

It’s been twenty pages of the same four tweets reposted ten times and speculation from a lot of people who have no information and frankly know very little about the entire process.
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How does he win the bid though when you are still not matching what your rival is offering. The way I see it Ratcliffe is still in the lead because of overall figure.
 
New improved still worse offer.

The Qataris have clearly done a Udemy course on business acquisitions.
 
My worry is Sir Jim comes back with an offer of a bigger % for the Glazers to stay.
 
croadyman said:
Yeah overall he is as he will pay them £6bn over 2-4 years,however Jassim is offering to give them £5bn NOW. Cannot understand why he won't meet that £6bn figure up front then club will be his.
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I think its more then 5b mate
 
Escobar said:
Just the fact that he is willing to keep them in board makes it a shitty deal tbh
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What’s the alternative? Walk away? Paying through his nose?

I can never understand this line of thinking, how hard is it to grasp that whether the Glazers stay or go is up to them, not the bidders. Glazers not in control is surely a better result than insisting on a full sale and getting feck all but status quo.
 
JagUTD said:
New improved still worse offer.

The Qataris have clearly done a Udemy course on business acquisitions.
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Unless that meeting at claridges gave them some guidance on what type of offer the Glazers would be willing to accept
 
devilish said:
Ratcliffe is offering more then jassim though
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In the long term, yes. It's a little more complicated than the amount though. The proceeds of the sale will be split among the Glazers and they get the full percentage of their cut up front if they accept the Qatar bid. With Sir Jim's bid they get less up front and the remaining in instalments. So to put it into perspective, one of the Glazers could either get 820m upfront with the Qatar bid or 500m upfront and 200m next year and another 200m a year after that. So the question is whether getting 820m upfront that you can invest might result in more revenue for them. I think what really puts Sir Jim ahead is offering to give the Glazers a 20% stake in the club and keeping them in the board - a deal with the devils so to speak.
 
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