Club Sale | It’s done!

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I just keep coming back to the fact that any owner, wether that's Jassim or Ratcliffee, will not pump billions into a takeover without being in control. Just not going to happen.

Even if SJRs bid includes keeping the Glazers on in some capacity, nobody is going to part with £5bn to not have the ultimate say in running the club.

It's like buying a house and having the previous owners still dictate how you can decorate it.
 
cheekybackheel said:
I just keep coming back to the fact that any owner, wether that's Jassim or Ratcliffee, will not pump billions into a takeover without being in control. Just not going to happen.

Even if SJRs bid includes keeping the Glazers on in some capacity, nobody is going to part with £5bn to not have the ultimate say in running the club.

It's like buying a house and having the previous owners still dictate how you can decorate it.
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I think people do understand that they'll have no say in how the club is run etc, but it's just the fact that they're still there, and they'll still be leeching from the club, something that they've done for the past 2 decades nearly. Most people just want them gone entirely so we can move on and start a totally new chapter
 
cheekybackheel said:
I just keep coming back to the fact that any owner, wether that's Jassim or Ratcliffee, will not pump billions into a takeover without being in control. Just not going to happen.

Even if SJRs bid includes keeping the Glazers on in some capacity, nobody is going to part with £5bn to not have the ultimate say in running the club.

It's like buying a house and having the previous owners still dictate how you can decorate it.
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On that same principle why would the Glazers leave billions worth of shares without having control?
 
Telsim said:
But there are also journos connected to Qatar. Keegan, for one. He was very active for a while, but has completely gone silent now.
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I'm not sure Keegan was ever truly "connected" to Qatar, but rather he simply had Hanover constantly on the phone feeding him big PR fluff pieces of the sort we saw the Mail printing back in February. That this is no longer happening could be a sign that they know they have lost or, more likely, simply a reflection of the Qatari's realisation that the Glazers simply do not care about the fans or public opinion and will make their decision solely on the basis of other factors ($$$).
 
cyberman said:
On that same principle why would the Glazers leave billions worth of shares without having control?
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Exactly. None of these theories make sense to me.
It's like when people say SJR will let the Glazers stay on, own shares, as he pumps billions into the club, only to buy their shares out when they are worth more. Eh??? That doesn't make an ounce of business sense.
 
They will sell. We are skint and the leeches are not going to invest their own money. To me it looks like the Qatari know full well that they have made the better offer for the 4 siblings who want out. The other 2 cnuts who want to stay would rather prefer to have Ratcliffe's offer accepted, but it may mean less money for the other 4 siblings now. If I was to bet, I'd pick the Jassim as the winner.
 
Infra-red said:
I'm not sure Keegan was ever truly "connected" to Qatar, but rather he simply had Hanover constantly on the phone feeding him big PR fluff pieces of the sort we saw the Mail printing back in February. That this is no longer happening could be a sign that they know they have lost or, more likely, simply a reflection of the Qatari's realisation that the Glazers simply do not care about the fans or public opinion and will make their decision solely on the basis of other factors ($$$).
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This crossed my mind, but I think they would have put out some damage control in that case. It could still be coming, though.
 
cheekybackheel said:
I just keep coming back to the fact that any owner, wether that's Jassim or Ratcliffee, will not pump billions into a takeover without being in control. Just not going to happen.

Even if SJRs bid includes keeping the Glazers on in some capacity, nobody is going to part with £5bn to not have the ultimate say in running the club.

It's like buying a house and having the previous owners still dictate how you can decorate it.
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We just want them to feck off totally, I cant stand the fact that they are still benefiting from the club after 17 years of blood sucking the club dry.
 
Infra-red said:
I'm not sure Keegan was ever truly "connected" to Qatar, but rather he simply had Hanover constantly on the phone feeding him big PR fluff pieces of the sort we saw the Mail printing back in February. That this is no longer happening could be a sign that they know they have lost or, more likely, simply a reflection of the Qatari's realisation that the Glazers simply do not care about the fans or public opinion and will make their decision solely on the basis of other factors ($$$).
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The thing is, what benefit does it do either SJR or SJ to pump out PR stating this that and the other when they're under a strict NDA? It's not going to sway the Glazers in any kind of way, i'd say it'd likely do more harm than good, so maybe the realisation that it won't really help their cause any has set in and they don't see the point in talking about stuff?

It's like with SJR's camp "leaking" that they want to keep the Glazers on in some capacity in order to sway the Glazers into accepting their bid... Yes it might work for them, but they aren't exactly building good relations with the fans who just want the Glazers gone totally. So will SJR be another owner who couldn't care less about how the fans feel etc?
 
Brownie85 said:
So how does keeping all 6 on cater for and appeal to the 4 who want to sell and be done with the ownership?
Not sure how that works to be totally honest. The only ones it benefits are Joel and Avram, thats pretty much about it
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Like I said, all 6 don't seem to have their mind set on one thing. Based on the recent FT article, it seems even the 4 (who previously wanted to sell) are looking for an option to stay, thus INEOS providing an option of a structure that allows all 6 to stay while INEOS has a controlling stake. It is anyone's guess if it will work or not but again, all that matters in what Glazers want, not what INEOS or SJ wants.
 
Amarsdd said:
Like I said, all 6 don't seem to have their mind set on one thing. Based on the recent FT article, it seems even the 4 (who previously wanted to sell) are looking for an option to stay, thus INEOS providing an option of a structure that allows all 6 to stay while INEOS has a controlling stake. Again, all that matters in what Glazers want, not what INEOS or SJ wants.
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I can understand that, but it's a risky game by the Glazers if they accept that kind of deal. Whilst it's unlikely, it's possible the value of the club falls massively and the Glazers walk away with much less they could have had. Surely that must have crossed their mind? To be honest, i don't think many people outside of SJR, SJ, Raine and the Glazers know whats happening, and a lot of reports are speculation or assumptions based on leaks that could very well be BS or heavily biased
 
Rood said:
That's the vital problem with your analysis

Although your theories are interesting, ultimately it's all based on media speculation which has proven to be mostly bollocks for the majority of this takeover process already

Some of the 'reports' are likely to be true but it will be mixed in with smoke and mirrors from all sides feeding stories into the media for their own personal benefit
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Definitely a fair point.

The point I am trying to make is this:
(a) There are starting to be enough worrying signs — nothing more — that there are reason to question if 9-2 will be able to pull this off. These signs indicate that the offer put forth by 9-2 from the Glazers viewpoint is not very competitive, they have fallen out with the financial advisor handling the auction, etc.

(b) If true — that would — leave us with Ineos bid. From my viewpoint, the general view of Ineos bid is full of misconception and based on more or less incorrect propaganda.

The Ineos bid is based on a common standardized transaction form that has been an option from Day 1. A private takeover with an earnout mechanism.

—> Against this background, is it wise to continue a full scale attack on Ineos labeling Ineos an enemy of the fans and what not?

I am not saying in any way, shape or form that we should rule out 9-2. If forced to bet the house on any of the bidders, I would face a lot of anxiety to pick a candidate. But I am the worrying type, that does have vast experience of large public M&A transactions, and the current lay of the land does worry me as a life long die hard fan of this club.
 
Brownie85 said:
I can understand that, but it's a risky game by the Glazers if they accept that kind of deal. Whilst it's unlikely, it's possible the value of the club falls massively and the Glazers walk away with much less they could have had. Surely that must have crossed their mind? To be honest, i don't think many people outside of SJR, SJ, Raine and the Glazers know whats happening, and a lot of reports are speculation or assumptions based on leaks that could very well be BS or heavily biased
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Have you read this article? https://www.ft.com/content/81d56a02-ec1e-44b8-a7f6-8ba570398643
It answers your question about the risk for Glazers i.e. derivative contracts.

And yeah, ofcourse, no one outside of the negotiating parties know anything for certain. Everyone is extrapolating or reading between the lines from the bits of information they're getting from whatever sources. And also its a very dynamic situation.
 
Amarsdd said:
Have you read this article? https://www.ft.com/content/81d56a02-ec1e-44b8-a7f6-8ba570398643
It answers your question about the risk for Glazers i.e. derivative contracts.

And yeah, ofcourse, no one outside of the negotiating parties know anything for certain. Everyone is extrapolating or reading between the lines from the bits of information they're getting from whatever sources.
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Yeh would take with a pinch of salt what lawyers or whatever from INEOS side think. They will be bullish. No idea what is happening though.
 
Brownie85 said:
I think people do understand that they'll have no say in how the club is run etc, but it's just the fact that they're still there, and they'll still be leeching from the club, something that they've done for the past 2 decades nearly. Most people just want them gone entirely so we can move on and start a totally new chapter
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Here is a link to the orginal share placing prospectus at the NYSE:

https://www.sec.gov/Archives/edgar/data/1549107/000104746912008161/a2210672z424b4.htm

The following relates to special resolutions:

'A quorum required for a meeting of shareholders consists of (a) with respect to any meeting convened to consider or adopt a special resolution, holders with at least 67% of the votes eligible to be cast at any such general meeting of the Company and (b) with respect to any meeting to consider any other resolution or take any other action, holders with at least a majority of the votes eligible to be cast at any such general meeting of the Company. A special resolution will be required for important matters such as a merger or consolidation of the Company, change of name or making changes to our amended and restated memorandum and articles of association or the voluntary winding up of the Company.'

This may have an impact on SJR independently watering down share value etc.
 
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Andy_Cole said:
Yeh would take with a pinch of salt what lawyers or whatever from INEOS side think. They will be bullish. No idea what is happening though.
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You can say that about pretty much 100% of the reports we hear about this takeover, given the supposed NDAs.
 
cheekybackheel said:
I just keep coming back to the fact that any owner, wether that's Jassim or Ratcliffee, will not pump billions into a takeover without being in control. Just not going to happen.

Even if SJRs bid includes keeping the Glazers on in some capacity, nobody is going to part with £5bn to not have the ultimate say in running the club.

It's like buying a house and having the previous owners still dictate how you can decorate it.
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It will be like Ratcliffe owning the house, but the Glazers still get a bedroom to stay and any mean to decorate that room will need to be talked to the Glazers first, even if Ratcliffe owns the house.
 
This is easily the most tedious story ever associated with this club. An absolute embarrassment.
 
Sir Erik ten Hag said:
It will be like Ratcliffe owning the house, but the Glazers still get a bedroom to stay and any mean to decorate that room will need to be talked to the Glazers first, even if Ratcliffe owns the house.
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Yup, INEOS will have to take the Glazers ideas on board, but will have the power to turn around and then say “yeah, feck that! We’re doing it our way.”
 
I wonder what the difference is, monetary wise, for the Glazers between the two (reported) routes.

On the one hand you have Jassim buying them out completely and on the other, Ratcliffe potentially buying some of the shares now and buying the rest later. I would like to know what the difference is between taking the lot now and the total value of having some now and cashing in the rest at a later date. Obviously no-one knows what the future share price will be on remaining shares, but I wonder if they are looking at an extra £100m each or wether its just a few million more each (down the SJR route).

It can't be that much of a massive gap that its worth the hassle. Whats the old saying, a bird in the hand is worth two in the bush.

If its just a few mill in the long run, and I know im going to make £600m anyway, I would just take the money and go. But then Im not a Glazer.
 
This has just taken forever already. The Glazers have received very generous offers for the club, but are still small, indecisive rich man's children. How incredibly annoying can a family be?
 
Hester_manc said:
This has just taken forever already. The Glazers have received very generous offers for the club, but are still small, indecisive rich man's children. How incredibly annoying can a family be?
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And like all rich people, they always want more. They couldn't spend what they have in two lifetimes but it is never enough.
 
Were there any anti-Glazers banners during the FA cup final? We, the fans, are part of the problem. Should have protested properly over the years to make sure the hatred towards the leeches is seen to billions during each and every game.
 
Figgins said:
Still spouting this?



@lex talionis
Google is only as good as the data it can capture and your ability to interpret the output.

Jassim is a distant relative to the royal family. To put it in perspective, the connect /family split through birth, 56 children, from around the 1850s. Even if you apply the UK normal 2 kids per family for each generation, which probably would be low for the Al Thani house (Jassims father having 15 children) calling Jassim part of the ruling royal family is a stretch. As for the money, where this £275b has come from and whether it's been evidenced i have no idea, although I have heard that figure applied to HBJ not the royal family.. Do you have a reliable source?

The 1.6b? (Forbes $1.1b) of HBJ is largely from Forbes, which at best, fits known assets, which doesn't fit HBJs profile as an apparent prolific investor. Reported owner of:

3% of deutsche bank 650m euro
most expensive house in London minimum $275m. after referb $465m
Yacht $300m
Picasso $179m

Messier1994 doesn't respond when his numbers are poked.
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The bottom line is that if it is true that Jassim (Inc.) has £5.5B to buy the club he/it/they very likely has £6B to buy the club. It’s not as though Jassim could be so stretched thin financially that he/it/they can afford to part with 5.5 but not 6.0.

That’s not to say that J should let himself get jacked, but if — and let me acknowledge here again that we really don’t know what’s going on — the Glazers are holding out for a total of 6, it appears only J can deliver that sum.

On the other hand, if this is all and only about cashing out a few of the Glazers do that two of them can hang on to cash out after further appreciation of the asset in 10 years, J has no shot at this and that the day will belong to Ratcliffe.
 
Raoul said:
Lowest point in 8 months. Clearly the market doesn't think we are about to be bought by Qatar.
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This is not inaccurate. However, I would like to remind that, unless the suggestion being made is that material non-public information is a contributing factor to this, it is just the natural result of speculation. No reports on the Qatari bid for some time now, continuing suggestions that the Rat Pack are in the lead, and growing uncertainty surrounding the timeline for an agreement to be reached.

I remain of the opinion that it is entirely speculative based on public reports and not a proper indication of what the final outcome may be.
 
putzmcgee123 said:
This is not inaccurate. However, I would like to remind that, unless the suggestion being made is that material non-public information is a contributing factor to this, it is just the natural result of speculation. No reports on the Qatari bid for some time now, continuing suggestions that the Rat Pack are in the lead, and growing uncertainty surrounding the timeline for an agreement to be reached.

I remain of the opinion that it is entirely speculative based on public reports and not a proper indication of what the final outcome may be.
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It is true that our stock hasn't been this low since last November. The price is obviously going to move based on speculation by market makers (some of which is based on inside information as to where the Glazers are leaning). Whether or not we end up being sold to Qatar or INEOS is anyone's guess.
 
Water Melon said:
They will sell. We are skint and the leeches are not going to invest their own money. To me it looks like the Qatari know full well that they have made the better offer for the 4 siblings who want out. The other 2 cnuts who want to stay would rather prefer to have Ratcliffe's offer accepted, but it may mean less money for the other 4 siblings now. If I was to bet, I'd pick the Jassim as the winner.
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Where is the confidence of Jassim winning coming from,especially when you see things about club unable to trace his background
 
Brownie85 said:
I think people do understand that they'll have no say in how the club is run etc, but it's just the fact that they're still there, and they'll still be leeching from the club, something that they've done for the past 2 decades nearly. Most people just want them gone entirely so we can move on and start a totally new chapter
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Yeah you have absolutely nailed it,that thought of them still being around the club means you can't celebrate new ownership
 
croadyman said:
Where is the confidence of Jassim winning coming from,especially when you see things about club unable to trace his background
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Where is this information about the club being unable to trace his background?
 
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