nobody is doing this
Club Sale | It’s done!
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nobody is doing this
Interesting way to put it. And yes, we all already know the answer to that. Even the staunch INEOS gang knows it.
The club is being sold as a going concern. The club business including buying and selling players should carry on as normal. The Glazers won't be paying anyway any debt will be loaded onto the club.
The proviso being the Glazers sign off any incoming transfers.
Part of my ideal scenario is Qatar buying us and Jim and the Glazers turning their attention to Liverpool like a pack of incompetent destructive locusts
Glazers won't be able to use a leveraged buyout again so doubt we'll ever see those leeches own another big club
Why not?
Burney takeover was done like that so it is absolutely possible .
People keep asking "What if Qatar but Liverpool?"
If Qatar buy Liverpool I will laugh my fecking ass off. Everything their fans have said about "it meaning more" will be rendered entirely null and void, as their club is turned into another sportswashing vehicle for a nation state.
In reality, though, I hope neither United nor Liverpool not for that matter any Premier League club are purchased not just by Qatar but by any nation state whatsoever, because I fundamentally disagree with that ownership model in sports.
If Qatar buy Liverpool I will laugh my fecking ass off. Everything their fans have said about "it meaning more" will be rendered entirely null and void, as their club is turned into another sportswashing vehicle for a nation state.
In reality, though, I hope neither United nor Liverpool not for that matter any Premier League club are purchased not just by Qatar but by any nation state whatsoever, because I fundamentally disagree with that ownership model in sports.
4.8b for 69 or 100%?
NO BID INCLUDES THE 31% PUBLIC SHARES. THEY ARE NOT GLAZERS TO SELL THEREFORE THEY DO NOT GET TO DECIDE THE PRICE.
sorry it’s the phone
Alright fair fecks, that was a very apt use of that gif.You laughing your ass off, meanwhile Liverpool fans:
Not quite accurate.
No one will care. All that matters is winning trophies...without cheating.
Neither United or Lfc need to do that.
The quoted figures given in the news are 'based' on 100% value of the club. But the Glazers would only be receiving 69% of the quoted figures.
Go on then…
Avram, Darcie and Joel, between the 3 of them, own 4.25% of A clas shares. This is what most people have missed under Sheikh Jassim's bid.
The knowledge of Caf posters knows no boundaries. I think I’ll cancel my FT subscription and just read this thread instead.
Qatar are not bidding for 100% right now - they just want to buy 69% (the Glazers' class B shares, the only shares that are currently for sale - they then intend to buy the remaining 31% on the NYSE in a seperate transaction). However, their offer for the 69% values the whole enterprise at £4.8bn. Meanwhile, the Ineos bid for 50.01% of the shares values the whole enterprise at just over £5bn. The "value" figures you are seeing attributed to the bids in reports relate to enterprise value, not the amount of money that will actually be transferred in the transaction.
To be clear, Qatar do not intend to hand over £4.8bn for 69% and nor do Ineos intend to hand over £5bn for 50.01%. The Glazers will only receive a proportion of that money relative to the number of shares they actually sell.
As things stand, Ineos are offering more money to the Glazers than Qatar.
However, Sheikh Jassim will intend on buying the remaining 31% of the company. And therefore, Avram, Darcie and Joel stand to make around 100m, or so, combined. Therefore, they will get more money that SJR offers.
This.
Before the sale news, the shares were trading at a loss. And we see the market reaction when either bidder looks to be "winning" the race.
Ok that’s such an insignificant amount. If we’re talking semantics then yeah they can sell more than 69% but the entire point is that it’s not enough to trigger a mandatory takeover.
Those shares are publicly owned by many many stakeholders. I can’t remember the exact NYSE rules but they’d have to purchase something like 90% of all shares before they could force the remaining 10% to sell.
The Glazers have no control over that price. The idea they are actually agreeing a price for stock other people own is preposterous.
Given the way they have managed us in the past, and the way they are screwing around at the moment, I find it difficult to comprehend any of us actually supporting a bid that allows two of the Glazers to remain in positions of power at the club after the sale.
I bet they will be really annoyed at your laughing as they battle it out at the top with City and Newcastle while Utd shout from their high horse fighting for the Europa conference. Joke will definitely be on them!
So the Ineos club valuation is 6b and Qatar is 4.8b? Its 3b vs 2.45b for 51%
Correct. However, it does indicate a level value to the stock market of the shares.
INEOS' valuation is reportedly just over £5bn as he said, not 6.
Yeah, agreed. My apologies if I came across as condescending.
However, a lot of people have forgotten that the 3 siblings own the class A shares, so still look to make around another $10's of millions each, if Jassim is successful and pays out around $35 per share.
But also we have to look at how the market reacts when Jassim is seemed to be favoured. The 31% will be making profit if they sell to Jassim. So, he'll hardly get any resistance from the remaining 31%, of which 4.25% include the Glazers.
They’ll have the United cash to buy another club
Sure, some of them definitely won't give a feck. I think there are definitely Liverpool fans who would feel the same way I do, though, and would rather not see their club bought by a nation state.
You can call me naive, but there are a not inconsiderable number of PSG fans who feel the same way about their club right now.
(Entirely ignoring, by the way, that it's absolutely no guarantee of success)
Qatar have indeed pledged to buy the 31% class A shares on the NYSE after they get the Glazer class B shares. I don't think Avram has any class A shares though, does he? Last I looked it was just Joel and Darcie with about 4.5% between them. The other siblings only hold class B.
No. INEOS values the club around 6b and Qatar around 5.6.
A shares as per 2022:
Avram - 1.7m shares. He has 3.23%
Joel - 551,486 shares. He has 1.04%
Darcie - 603,806 shares. She has 1.14%
TBH I find redcafe more knowledgeable then all the youtube channels + most journalists put together. There are some very highly educated people in the CAF.
I think you are underestimating how starved Liverpool fans were of success for so long. They have recently had that taste back and I’m sure the vast majority would sell their granny to stay at the top. Sure you would have a few older fans complaining but they would soon be drowned out. Utd’s success is still pretty fresh and nowhere near the drought that pool went through.
YouTube channels yes, journalists no.
There are some absolute hacks in the profession, don't get me wrong, but there are equally plenty of absolutely fantastic football journalists right now.
I know that they aren't buying 100 my question was, is their offer for 69 or is it a projected 100 value
Here's a breakdown of who owns what A class shares. Only Joel and Darcie own them from the family then fecking Ed Woodward.
Through the Raine group, Sheikh Jassim is offering money for their B shares.
Ineos valuation is reportedly just over £5bn in their third round bid, which was widely reported at the time as being the only bid from either party at any stage of this process to value the club at more than £5bn. Qatar's new bid lodged outside the formal bidding process earlier this week reportedly values the club at £4.8bn.
Obviously, the reported figures could be inaccurate, but we really have nothing else to go on at this stage.
There are some very knowledgeable and intelligent people on the Caf, of which the smartest don’t post things of which they’re not 100% sure of and don’t get themselves in arguments about childish irrelevant things.
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