Club Sale | It’s done!
- Thread starter JB08
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What doesn't make sense? They stand to make more money going with Jim as things stand. They might just have to wait for the money but I'm sure that's not really an issue for them. Fairly sure they will survive
But unless it’s a lot more than Qatar then surely the interest builds up from cashing out now to similar, if not more, than Jim’s bid to buy them out in 2/3 years?What doesn't make sense? They stand to make more money going with Jim as things stand. They might just have to wait for the money but I'm sure that's not really an issue for them. Fairly sure they will survive
I personally think Qatar would have stepped away by now anyway if that bid was one and done, the entire ducking thing looks as if it’s run by amateurs from all sides
There is a lot of risk involved in waiting 2/3 years. Getting the money as cash now is potentially a lot more attractive to them. If Qatar offer a price that is relatively close then they will be the preferred option.What doesn't make sense? They stand to make more money going with Jim as things stand. They might just have to wait for the money but I'm sure that's not really an issue for them. Fairly sure they will survive
Not to mention it’s just a much cleaner and quicker process.
We’re broke, cuz they’re greedy
We’re poor, cuz they’re rich
Weg’s tall, but he’s useless, yeah
The debt’s high, but they’re staying
Jim’s in, and we’re underwhelmed
Jassim’s lost, but we’re hopeful, baby
And what it all comes down to
Is that it’s gonna be just like Nice, Nice, Nice
'Cause Jim’s got one hand in our pocket
And the other one is giving Avram a high five
Joel’s drunk, but we’re sober
Our captain’s crap and he’s overpaid
Pep’s wired, on something, yeah
Fletch cares, but he’s clueless
FFP’s here, but it’s fooling none
Jim’s won and I'm sorry, baby
And what it all comes down to
Is that the Glazers are gonna be quite alright
'Cause Jim’s got one hand in our pockets
And the other one is flicking off Darcie
And what it all comes down to
Is that Jassim hasn’t got it all figured out just yet
'Cause he’s got one hand in his pocket
And the other one is ripping up a rainbow sign
Bruno dives, but he’s focused
Martial’s crocked, but he’s wise
Luke Shaw’s not fat, but he’s big-boned, baby
Klopp’s sad, but we’re laughing
Arteta caved, cuz he’s chicken shit
Varane’s old, but he’s pretty, baby
And what it all boils down to
Is that no one's really gonna come and clear the debt
Well, Jim’s got one hand in our pockets
And the other one is holding a Brexit sign
And what it all comes down to my friends, yeah
Is that everything’s gonna be just like Nice, Nice, Nice
'Cause Jim’s got one hand in our pockets
And Jassim is hailing a taxi cab
Doesn't matter how layered the Ratcliffe proposal is, all that ultimately matters to the Glazers is a full and massive upfront payment so they can cash out with as much as possible, I think they will accept the next proposal from Qatar, indeed to the Glazers, cash has always been king.
Not if there is a minimum guaranteed price in the contract as has been suggested.
Suggested by who?
Ratcliffe/Ineos won't have just randomly offered a partial buyout as an option, it is obviously a reaction to something either said or implied in the process, since they do have a bid in place for the 69% (same as Qatar) too.
If the 5th offer from the Qataris still can't match what Ineos are offering then there is something clearly faulty with that particular magic money tree.
If the 5th offer from the Qataris still can't match what Ineos are offering then there is something clearly faulty with that particular magic money tree.
They’ve inflated the lower 50% offer to gain the upper hand. I don’t think Ratcliffe has any intention of buying more than he needs to currently.
It was reported when the third offers went in. SJR is proposing to pay a premium for J&A shares in 1 or 2 years. Admittedly not sure how that would work with the 3rd year put and call.
I think this is correct. He’s always said he would buy a bit with a view to a full takeover in the future.
I don’t recall anything being said about a minimum or maximum price. To my understanding it would be a premium on top of the current share price which is of course a big risk. As soon as Ratcliffe buys the club the share price will plummet as it’s already inflated due to the potential of a Qatar buyout. It’s worth more to the Glazers by taking the lump sum from Qatar now.
It was reported as a premium above the offer price INEOS made, not share price.
That’s not how I recall it. You’re welcome to prove me wrong here.
It will be a $x premium per share + Share price at the time
They won't if it still doesn't match Ratcliffe offer
I’ll link you later when I have a minute to find it.
Yeah they seem reluctant to go all in yet
this shit has to get done in the next week or two in order to have an opportunity this summer to really help Erik in the transfer window
IF we don't get anything in days after Cup Final then even I will start to doubt a sale
There has to be a sale of some kind. Don’t think it’s financially viable for the Glazers anymore without some sort of investment.
£5.5-5.7bn is more than Radcliffe, cleaner and less convoluted with the put and call offer, it’s seriously messy, plus the Glazers also own A shares and would receive a premium on those, rumoured to be 1.5% to 4.25% it’s hard to say as some of the Glazers have cashed out sone shares. A Full sale is the cleanest and doesn’t mean that the all100% of the shares have to be sold in 4-6 weeks, they can offer a premium for Class B Voting shares and then a smaller premium for Class A shares in October or November.
Currently the rumoured bid from SJ is £5.6 billion but £800m is for training ground upgrades, Stadium and squad development do the true offer is £4.8bn, that’s simply not enough, I think £5.5bn is enough but we’ll see ?
Last seasons shirts half price, profits straight into Glazer pockets.
I've been saying for months this would happen and it's exactly what's happening. Wouldn't be suprised if Jimmy gets a payoff at the end for services rendered. Ultimately the Qataris can pretend to be business people looking for value for money but the truth is they are a bottomless money pit looking for prestige and everyone knows it. So the job of the Raine Group is to strip that pretence away but not go so hard that they walk away.
From the beginning, the story has been the Glazers want $7-8bn for the club.
The lower end of that in £s is 5.67bn and the higher 6.5bn at today's exchange rate, so I tend to agree with this.
Let's hope Qatar get this done by next Monday and we can actually start looking forward to next season proper.
Agree. Ratcliffe has already done well out of it probably, his abs the INEOS name has been in the headlines for a long time in a mostly positive light.
Next Monday is somewhat optimistic but I hope so.
Stone tweet gives me hope he will come back with another offer,however is he going to push it up by £700m is the big question
No, probably not because there is reportedly only a $300 million difference on valuation currently
So when do you see it swinging conclusively in Qatar’s favour because everything right now is still pointing to Ratcliffe
He will have to get in front of Ratcliffe valuation
I don’t think anything is really pointing to anything currently. It’s pretty much deadlocked.
Don’t think so. If he matches it then it’s a far better offer than Ratcliffe because it’s all up front cash.
So we shouldn't take any notice of Sky News last week saying Ratcliffe is still favoured
Will he though?
Not necessarily so. It seems that the Glazers value the club at 6b. Jassim said no to it while SJR played around it by offering 3b now for 51% and the rest afterwards. The devil is in the details though. How much money is SJR willing to pay for the remaining shares? Will SJR dilute the Glazers shares by flooding the stock market with new shares? Will he allow the Glazers any power in the club? How much will he invest on infrastructure (thus increasing the club/Glazers shares worth) etc? I criticise SJR in terms of managing football clubs but business wise the guy know his stuff. Thus you have 2 potential buyers here. One had said no to this ridiculous valuation although he seems willing to increase his bid. His offer is still lower to SJR's but its a clear cut deal which will leave the Glazers with loads of money. The other seem to offer more but he's also busy creating loopholes so he can weasel out of paying that sum in its entirety.
Bottom line of the story the 6b valuation is ridiculous. Sure both can probably afford it. However you don't pay 100m for a Ferrari even if you can afford it
At this stage probably.
I don't blame them. I have many reservations in terms of SJR's ability to manage this club correctly but there's no doubt that the man is a top notch business man. This guy has been buying/selling assets since at least the 90s. His offer while more generous then Jassim's comes with many terms and conditions attached (buying shares at a premium at later stages etc). The risks of SJR taking them to the cleaners at a later stage is real. Jassim's offer is 'cleaner'. He pays the money in a lump and they'll all feck off. If they can persuade him to pay as much as INEOS do (or close enough) then I can see them opting for the Qatari.
Would also be nice to see that Jassim actually exists. All we have is that same picture and the photoshopped one in Utd shirt
Then technically he is at fault for fecking over our summer because he decided to play games with the Glazers. Especially if he could've afforded it from the start.
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