Yeah that offer of 20% to stay is exactly why Jassim needed to bid more but didn’t
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
Yeah that offer of 20% to stay is exactly why Jassim needed to bid more but didn’t
The Glazers will sell all their remaining shares (69/100) to the preferred bidder to be paid in full when the deal is done. With so much uncertainty about the future value of dollar and the uncertainty on the world’s financial markets would a scenario without all payment upfront be highly unlikely.
The seller will also from a security perspective prefer that the winning bidder is going to pay all of MUFC long term debts at the same time as the siblings get paid so there will be no legal misunderstandings with eventual counter claims about who’s responsible for those liabilities. and the risk that in the future those liabilities could eventually affect the value of the remaining shares.
The deal will be finalized in the next coming weeks way before MUFC’s fiscal year ends in June 2023. Otherwise there’s a good risk that selling process will be delayed until the 2023 annual report is completed. Neither the seller and the potential buyer wants that to happen.
The NDA has prevented all parties to disclose any real financial details of the latest bids so most rumors from journalists and ITK about numbers and are just loose speculations. A bid can involve so many other variables that it’s almost impossible to judge who’s better or worse just going by leaked numbers.
The seller will also from a security perspective prefer that the winning bidder is going to pay all of MUFC long term debts at the same time as the siblings get paid so there will be no legal misunderstandings with eventual counter claims about who’s responsible for those liabilities. and the risk that in the future those liabilities could eventually affect the value of the remaining shares.
The deal will be finalized in the next coming weeks way before MUFC’s fiscal year ends in June 2023. Otherwise there’s a good risk that selling process will be delayed until the 2023 annual report is completed. Neither the seller and the potential buyer wants that to happen.
The NDA has prevented all parties to disclose any real financial details of the latest bids so most rumors from journalists and ITK about numbers and are just loose speculations. A bid can involve so many other variables that it’s almost impossible to judge who’s better or worse just going by leaked numbers.
No way each camp does not know what the other has bid
This won't be blind bidding. Not at this stage. Not for this much money.
The Glazers won't be hoping that someone guesses that they reach a target figure they will be driving it there.
Pushing each party in the right direction, they won't be relying on luck they need Xx billion and that is it.
Even in simple negotiations , selling a car, you don't waste time hoping A bids more than B , if A really wants the car, you tell A that B bid 10 grand so A must bid more.
A then has to work out if B will counter and how much.
Here it is even worse because the Glazers don't give a shit how long it takes to get the right figure. Next Sir Jim will be told, until finally one party says get lost
They each have a cadre of experts, charging serious money, they won't just give up.
They will also know eachother and third parties, all that backdoor stuff.
No way this is a stab in the dark stuff.
It's just that we are drip fed small increments.
Last edited:
I just love how random posters are so clued up to how much money each individual has put on the table...us mere plebs know the square root of FA, NDA's have been signed....65% Vs 35%... it's all conjecture.
I very much doubt that the Qatari would place a late bid unless they were given assurances that its competitive.
Yeah, I agree with that. I also believe that further bidding is possible. The Glazers will hold out for as much as they can before making a call one way or another.
From the Qatar point of view, they wouldn't want to be seen paying over what they feel is the correct value - it sets the wrong precedent. Having said that, I think they also really want to buy Manchester United so it's a case of who blinks first between them and the Glazers.
I keep telling myself that,however you would think an 11th hour take it or leave it bid is going to meet the price
Don't see Jassim going any higher now
Common sense would dictate that but I also don't think all these journalists have any idea about what's actually going on .
unless the asking price is not as high as we think it is. Alternatively Avram/Joel are feeling uncomfortable letting a big chunk of their wealth in the hands of someone who quite frankly has a worse football record then them.
Call me a conspiracy theorist and maybe I am but this Avram going to Claridges only for Jassim to bid 24 hours later is a bit too coincidental for my taste.
Wouldn’t surprise me if Qatars bid has lots of amazing ‘incentives’ for the Glazers. Investment opportunities beyond football!
Exactly my thoughts, they must have spoken to Avram and Joel and basically been told what the expectations are. I don’t see why bother upping the bid unless you are confident it will be accepted, otherwise they’ll look very silly which these Qataris don’t strike me as.
Ratcliffe's offer is amazing but the devil is in the details. Will he expect the Avram/Joel to have no say about the running of the club? Cause that's a big chunk of their money invested there. Would they be expected to invest in the club if they stay? Can they pull out when they want and at what price? Can Ratcliffe screw them up by issuing more shares thus diluting theirs? Will dividends be paid? These are two people who are used to have their own way. Will they accept a role were they simply sit in the background especially if it turns out that everything that goes wrong will be thrown at their direction? (INEOS not investing etc).
Well done to Glazers that they milk every penny. If only they were such competent in football related things.
There are two offers. One wipes off the debt and sends the Glazers off, the other offer keeps the debt and continues working closely with the Glazers
Could that info leak out I wonder
Athletic clearly team Ratcliffe which doesn't surprise me in the slightest. Crafton particularly doesn't like Qatar one bit
How are they team anything? They're just reporting what they're hearing?
Just seems a very anti Qatar agenda from some sections of the British media
Roman also wanted what was best for Chelsea. The Glazer’s by my understanding couldn’t give a flying pony about our club or the local area.
Yeah, I imagine they are looking at Qatar's bid and thinking all that money they're saying they will spend on the area/stadium looks better in their bank account
The fan PR battle won't convince the Glazer's. They only care about what they get. If they got 6.1 billion from someone who said they will demolish the club they would sell
At least that's my impression
The other offer might just be more palatable to the Glazers. It’s their club to sell.
Anything that reduce their influence in the club is a positive step. We can hope for the best i.e full sale, but it’s not a reason to turn our nose up at a majority stake takeover, if that’s the only viable option to wrest control of the club from them.
I can't see how INEOS doesn't win this now, to be honest.
Hopefully Jim fecks off now and buys Liverpool and takes the Glazers, debt, and amateur football club running prowess with him.
While I do believe that journalists have their own bias :cough: Delaney :cough, I don't think that they are selective on what to report. I strongly believe that most of what is reported by journalists comes from leaks from the club, people they know (INEOS is British owned so..) or is pretty much BS. Its pretty evident that the club are poking the Qatari bear to try and force them to fork more money. Thus when you take all of that in consideration then most information coming out is pro INEOS.
However I find these leaks regarding the details of Jassim's bid a bit difficult to believe. Jassim had only bided yesterday. It would probably be a complex deal which will push Raine and the Glazers to sit down and analyse accordingly. I very much doubt that the likes of Athletic have people within such inner circle that has access to such data at real time and is bright enough to quickly analyse it and leak it to them. If they do then Raine are in some serious trouble.
However I find these leaks regarding the details of Jassim's bid a bit difficult to believe. Jassim had only bided yesterday. It would probably be a complex deal which will push Raine and the Glazers to sit down and analyse accordingly. I very much doubt that the likes of Athletic have people within such inner circle that has access to such data at real time and is bright enough to quickly analyse it and leak it to them. If they do then Raine are in some serious trouble.
If INEOS wins I only see United going downhill and not winning anything in 10 years all the while Qatar buying Liverpool and... Shudder.
People are putting too much credence on that 20%, that 20% gives dumb and the rat tailed no control and from what i read in few tweets it comes with a 2-4 years put and call option. Its basically Jassim saying i will pay 80 now vs SJR saying i will pay 90 or 100 2-4 years from now.
Fair play to @Solius - called it
whyRound 5 here we come
Also, why would Qatar reveal a new bid, if they did, knowing it would fail. It would make them look foolish
Also they would only bid again if they were encouraged to do so and in doing so were given certain markers to meet.
I expect to see a photo of Avram leaving a petrochemicals facility at some point today.
Last edited:
Depends how you look at it, money up front now or payment plan instalments over the next 5 years, who knows what could happen over those years to INEOS, SJR or the Glazers themselves. Take the money and run now.
This hyperbole is ridiculous. United have won two League Cups, an FA Cup and a Europa League despite being a dysfunctional mess over the last decade.
A semi competent manager and football operation can lead us to more trophies than that without the need to be poster boys for the Qatari state.
Also, what happens in 10 years when half the league is owned by a state funded backer? There's only 4 trophies a season to compete for. Will we need to start looking for even richer owners to compete so we can pay players over 10 million pounds a week just to finish in the Top 4. Where does it stop?
You have no idea what Jassim has bid and any further possible incentives such as NFL openings and opportunities which could more than bridge any gap in hard cash
No proof, just gut feeling. They could also improve their bid. This shit will drag on, it seems.
I don't understand why Jassim would put in a lower bid than Jim if his team didn't get some kind of info from the Glazers what they are looking for. Also since it´s seems like a very "open" bidding I guess it could drag out a bit more. Qatar ain´t walking away. Even if Jim is put up as the perferred bidder I guess Qatar would try to come back with an even bigger bid. Couldn't all this "Avram and Joels wants to stay" just be a play to increase the Qatar bids? Still I´m afraid Jim will get out of this as the winner.
New owners are not stupid. They both know that they need time to prepare whole club (first team especially) for next season. So i hope that they will push Glazers to decide soon.
- Status