Glazers aren't stupid either. They're both milking both bidders for the maximum amount of money they can get.
Club Sale | It’s done!
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Glazers aren't stupid either. They're both milking both bidders for the maximum amount of money they can get.
It depends on the writer to be honest.
Ornstein remains the best unbiased journalist. If tune in to talk of the devils podcasts then the hosts make their views a bit more clear on disliking the Qatar avenue from the two options available.
Though I agree they aren't meant to show their preference in articles, I think they get their leaks from Ratcliff easier than they would Qatar.
It's quite a far fetched gut feeling. Ratcliffs bid doesn't look very attractive in comparison. It's going to be very tough to beat 5.5bn (or even 5bn) paid in one go upfront.
They took 2 weeks to offer a third and “final” bid that was significantly less than the INEOS bid didn’t they? So yeah I believe it.
This is my final, take it or leave it bid, unless you don’t like it, in which case I’ve got others.
I'd wager that the reason Crafton doesn't like Qatar is that he's openly gay. People keep acting like it's eminently unreasonable of him to not want the team he supports to become a sportswashing project for a regime that doesn't believe he should be able to openly express his sexuality.
That's not really how it works. Each team will trying to figure out what the other has bid but there's no way they will be told the figure they're up against. These leaks are all totally purposeful to drive the price up or knock out competitor bids.
I still think if Qatar seriously want the club, I don't see how they lose. It just goes against logic.
I think so too. There is actually very little between the two bids IMO it wouldn’t be a surprise to see the Glazers take the Qatar offer.
One thing people aren’t really considering is if The Glazers keep 18% with Ratcliffe, it may not necessarily be just Joel and Avram. They would have to decide between themselves who gets what and when and god knows how long that takes. Qatar is a much cleaner and quicker optionfor everyone.
Yes and no. I doubt that if let's say SJR would ask to the Glazers, some indication of what the Qatari new bid is all about then they would just slam the phone in his face.
Says who? Journalists are allowed to have opinions. Especially when it comes to gulf states with a shitty human rights record
Plus I think there is a huge value of actually getting money upfront and reinvesting it with a healthy return over 2-3 years, than it is having money paid to you over the same horizon.
I thought Sir Jim might have it wrapped up but after reading yesterday's bid structure from Jassim I don't know how that gets beaten. Sir Jim doesn't have the finances to beat that, which was why he toyed around with % owership in the first place. I think that may have been his only party trick and it's been used.
Im not saying they aren't allowed to have opinions, but from the podcasts the Manchester based correspondents have already stated they arent close to the Jassim camp. Athletic based developments on the Qatar talks have tended to be broken by Ornstein really.
When they talk of developments (Crafton, Whitwell, which isn't really that often) it tends to be around Sir Jim's movements.
Most of the journalists seem to get better stories from one camp vs another.
I won’t pretend that it’s not slightly annoying that one of the first vaguely competent things the Glazers have done since owning the club is to encourage two absolute plonkers to bid almost six billion quid for the football club they paid nothing for.
100%. Liquidity now is much better. Plus the 3 year wait is a gamble in itself.
Ratcliffe brigade were sure this was sewn up a couple of days ago but it was always highly likely Qatar would just come back and blow them out of the water. If Qatar really want the club they will get it.
What's the speculated payment structure for Ratcliffe for 51 % stake isn't he paying that immediately .
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Exactly some people in here seriously don’t understand liquidity and time vs money.
What I trully don't understand in this process is the Jassim's bid.
It seems that INESO made a bid around 6B for 69% of the club, when Sheikh Jassim made a bid at 5B for 100% of the club.
If you compare apples with apples, for 100% of the club Jassim would bid 5B when INEOS would pay 8B
Also, INEOS are giving 6B to the Glazers and keep them in for a few more years.
To be honest, I don't really understand the point of Jassim biding "so low" vs INEOS's valuation and how they can compete.
In our end, club and fans, I don't know how this multi ownership would work with both INEOS and the Glazers still at the ownership.
Will they have to work together for transfer funds, for rebuilding the stadium, the training center etc ?
The Glazers blocked this for 18 years, why would they allow it now ? So we would potentially go in a "war" of power.
I am a bit lost in both proposition and what can be the best for the club.
It seems that INESO made a bid around 6B for 69% of the club, when Sheikh Jassim made a bid at 5B for 100% of the club.
If you compare apples with apples, for 100% of the club Jassim would bid 5B when INEOS would pay 8B
Also, INEOS are giving 6B to the Glazers and keep them in for a few more years.
To be honest, I don't really understand the point of Jassim biding "so low" vs INEOS's valuation and how they can compete.
In our end, club and fans, I don't know how this multi ownership would work with both INEOS and the Glazers still at the ownership.
Will they have to work together for transfer funds, for rebuilding the stadium, the training center etc ?
The Glazers blocked this for 18 years, why would they allow it now ? So we would potentially go in a "war" of power.
I am a bit lost in both proposition and what can be the best for the club.
You really don’t think that Jim is prepared to outlay £8 billion surely!!
Ratcliffe has bud $3 billion for 51%. Jassim has bid around $6.8 billion for 100% I believe
INEOS' 6bn bid is NOT for 69% of the club...It's valuing the Club at 6bn and then the value of the 69% is worked out from that...
I think you've got this backwards
Why, the Glazers aren't trying to create a puzzle. They want xx billion not hope that the bidders somehow get there They are pushing. They sent the shameless Avram to do their bidding.
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Yep - if his 51% offer is accepted, he pays around £3.06bn for the club
No it would be around £2.4 Billion now. Then more in ~3 years
One also have to take in account what this 5b-5.5b in cash would mean for the Glazers. We are heading into a global recession with interest rates are going up to the roof. Most companies would be cash starved during that time and would try and do their outmost to avoid going to the banks and loan money. There are some mean deals to be made for those with the cash to do it there and then.
On the other hand could SJR guarantee that United's worth will go to the roof which would justify the Glazers selling at a premium? Does he has the incentive to do so?
On the other hand could SJR guarantee that United's worth will go to the roof which would justify the Glazers selling at a premium? Does he has the incentive to do so?
Does anyone outside of the process have a scooby what's going on?
From what I've seen, Jassim's third and final bid on April 28th was around £5 billion. Fast forward to last night, and Jassim puts in a "significantly improved" offer.......of around £5 billion
From what I've seen, Jassim's third and final bid on April 28th was around £5 billion. Fast forward to last night, and Jassim puts in a "significantly improved" offer.......of around £5 billion
Can only hope the Sheik’s new financial offer will be too good for the greedy Glazers to resist meaning they feck off for good. It’s an inordinate about of money to clean the debt and set up a separate fund so the wealth must be extraordinary.
Basically its all just guesswork on how much both parties have bid. No one really has a clue. The only thing we can have an educated guess at is its not enough for the greedy bastards, as the sale would have gone through by now, or an official statement from Raine to say Ratcliffe or Qataris have won the bid and its now being dealt with.
Maybe you guys will finally start trusting my ITK status.
Does anyone outside of the process have a scooby what's going on?
From what I've seen, Jassim's third and final bid on April 28th was around £5 billion. Fast forward to last night, and Jassim puts in a "significantly improved" offer.......of around £5 billion
Jassim's dad told him that he can only spend 5b. Thus Jassim keeps bidding the same fee but in different currency. The first bid was in rupees, then in dollars and now in sterling pound
If you got the choice of your lottery win as either:
£3m up front
Or
£10k a month for 30 years (£3.6m)
What would you take?
Any sensible person would take the cash upfront as you’ve got it and can do what you want with it.
Therefore surely the Glazers will take the biggest pot the soonest……and get out of Dodge.
£3m up front
Or
£10k a month for 30 years (£3.6m)
What would you take?
Any sensible person would take the cash upfront as you’ve got it and can do what you want with it.
Therefore surely the Glazers will take the biggest pot the soonest……and get out of Dodge.
This.
So it's either higher overall value to be fully realised in 3-5 years...or a supposed lower value but they get every penny now.
Those that believe Ratcliffe will get rid of the remaining glazers in a few years. Just months or so ago none predicted he’d be keeping them on.. now you’re certain in 2-3 years he’ll get rid of them?
Yeah and you’re also taking a gamble on what the value will be in 3 years down the line.
That’s it really, with a controlling stake he has seemingly little incentive to want to do that.
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