Club Sale | It’s done!

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It's all about cash.

Sir Jim will be getting a call from the Glazers about how they want to go with him but ......$$$
 
tenpoless said:
I'd agree with that generally. But Jimmy changed his target from buying the whole club to buying part of the club. That reeks of desperation to me and you can't blame people for questioning his commitment to buying the club. We all know the most valuable bid will win. But never in my mind that the potential owners will let Glazers to still own part of the club to make their bid more valuable... that's dirty, for both the club and the fans. Since we wanted Glazers out.
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Ratcliffe has adjusted to a more realistic method where Glazers stay on in the short term but eventually takes over fully. Ratcliffe would be in charge of decisions, Glazers would be making some money in the short term. It is what it is. It's a succession plan where effectively it's still a handover, they just keep some shares because they are asking for an impossible price to pay/have siblings that are split on whether they want to stay or leave. It's negotiations to get the deal done, whereas Qatar is just being a joke and not taking any deadline seriously, just keep upping the bids long after the "make your best offer" point. It's incredibly worrying seeing how Qatar is dealing with this, even focusing 100% on how they would be as owners. We'd be a fecking circus, whereas my gut is that Ratcliffe would try to run us smartly, because that's how he's been running this bidding process.
 
Friday is too close. Unless he means next week Friday. If not what’s the point? Sounds like he is just waiting to withdraw.
 
What should have been a fairly straightforward sale between the Glazer family and Sir Jim Ratcliffe's INEOS was briefly disrupted when a series of phishing emails purporting to be from the Qatari royal family circumvented the Raine Group's spam filters. Following a cyber security overhaul, the sale to INEOS can now proceed.
 
laughtersassassin said:


So Jassim offering $6.5 Billion Cash up front straight into the Glazers pockets?

What's the Ineos offer rumoured to be at?
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Like roughly the same or a little bit more I believe.. but it's for the controlling stake in the club and not entire 100% like SJ's offer, he will then pay more to buy the rest of the shares in a couple of years. So technically he is valuing the club higher than SJ is
 
bosnian_red said:
Ratcliffe has adjusted to a more realistic method where Glazers stay on in the short term but eventually takes over fully. Ratcliffe would be in charge of decisions, Glazers would be making some money in the short term. It is what it is. It's a succession plan where effectively it's still a handover, they just keep some shares because they are asking for an impossible price to pay/have siblings that are split on whether they want to stay or leave. It's negotiations to get the deal done, whereas Qatar is just being a joke and not taking any deadline seriously, just keep upping the bids long after the "make your best offer" point. It's incredibly worrying seeing how Qatar is dealing with this, even focusing 100% on how they would be as owners. We'd be a fecking circus, whereas my gut is that Ratcliffe would try to run us smartly, because that's how he's been running this bidding process.
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Because that's exactly how he's ran the other football teams that he already owns...
 
Roboc7 said:
Spot on, I wouldn’t be surprised if reason they have not really got anywhere with Raine is because they haven’t really been regarded as a viable option.

There is a tendency from a lot of people to regard everything INEOS do in the process as negative. In reality I think they are just more flexible and professional and that’s why they will get the deal done.
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Yup. Smart negotiations behind the scenes, it's a massive business deal so is taking time. Raine and the Glazers clearly were receptive to Ratcliffe meanwhile Qatar are the outsiders just throwing more and more money to get back at the table. It's worrying because it might work, but it's also a sign that they are horrible negotiators. We need someone to just run us smartly. Qatar would be Woodward Disneyland 2.0 with insane money. Would make the club a farce.
 
laughtersassassin said:


So Jassim offering $6.5 Billion Cash up front straight into the Glazers pockets?

What's the Ineos offer rumoured to be at?
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The Qatari bid isn’t much more than their last bid. I don’t see Glazers changing their mind based on the latest bid. Especially if the discussions with ineos are in the final stages.
 
Roboc7 said:
Spot on, I wouldn’t be surprised if reason they have not really got anywhere with Raine is because they haven’t really been regarded as a viable option.

There is a tendency from a lot of people to regard everything INEOS do in the process as negative. In reality I think they are just more flexible and professional and that’s why they will get the deal done.
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Not quite correct, SJR put in a bid for Chelsea after the deadline and was suprised that he was not welcomed.
 
Rolaholic said:
Because that's exactly how he's ran the other football teams that he already owns...
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Yeah that is my concern as well. Looking at his history of owning sports team/group, he can either be smart this time or naive.
 
Sounds to me like SJ believes Glazers don't want to sell and this is their way of saving face and walking away rather than being defeated unfortunately, can't see Glazers leaving now.
 
Rolaholic said:
Because that's exactly how he's ran the other football teams that he already owns...
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He's trying to turn them into a sustainable team. It's not a dumb thing to do. That doesn't mean he's trying to turn them into an elite side. He took over a historically mid table team, and starting off by making them sustainable is not a bad idea. Making United sustainable with our revenue potential is the right move anyway.
 
At least, if they are true to their word, we should have some sort of an announcement on Friday
 
united_99 said:
Friday is too close. Unless he means next week Friday. If not what’s the point? Sounds like he is just waiting to withdraw.
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He’s not expecting a deal to be closed by Friday. Just some response probably.
 
AngeloHenriquez said:
Sounds to me like SJ believes Glazers don't want to sell and this is their way of saving face and walking away rather than being defeated unfortunately, can't see Glazers leaving now.
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How do they possibly save face at this stage? Putting in another shit bud would be worse than just walking surely?
 
L1nk said:
Absolutely no reading comprehension or ability to think critically here because state money has blurred your vision, absolutely wild some of the posts on this forum mind. Regardless of the fact you are biased towards Qatar, you obviously have read nothing beyond reactionary headlines towards the Ratcliffe/INEOS bid.

"Little weasel Jim" putting up even a single penny has not "fecked this whole process up." Qatar/SJ have virtually unlimited funds, so why do they continue to underbid Ratcliffe/INEOS, the Glazers don't give two shits about 1 billion investment pledges and so on.

The guy from Iceland was a fraud talking about giving voting rights to members who signed up to an app, which is why his bid was dismissed out of hand. Ratcliffe/INEOS have offered up two deals, one for 100% same as Qatar/SJ and one for a controlling stake in the club, leaving the Glazers with some monetary shares and no control over the club until he buys out their remaining shares at a premium a couple of years down the line. Why? Because it's been widely reported and is well known that the Glazers don't necessarily want to leave United yet because they think it will increase in value in a few years, they're only in this process because their hand has been forced.

So if the only way to get the Glazers to sell is to keep them around in some capacity, but having no say or control over the club, then i'm glad Ratcliffe offered that option. For some reason people like you seem to think the Glazers should undersell on their valuation to Qatar/SJ out of the goodness of their hearts for us fans but that's just not how them or the real world works is it.
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I don’t want Ratcliffe for a number of reasons. Firstly his current football clubs are an absolute laughing stock even Nice fans are on the verge of protests and his Swiss side have been relegated….twice.

Secondly he can’t match the funding of Qatar. He’s buying 50% of the club? So he’s paying off all the debts and providing funding for not only the squad but the club facilities as well whilst ‘only’ owning 50%? I doubt that very much.
 
DomesticTadpole said:
Think that is something we can all agree on. If they show their ugly mugs anywhere near our club again. :mad:
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Nah there are quite a few posters here celebrating the thought about them staying on so clearly we dont all hate the Glazers...
 
united_99 said:
Friday is too close. Unless he means next week Friday. If not what’s the point? Sounds like he is just waiting to withdraw.
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but why would he make an improved bid rather than just walking away now?

Keegan also states the bid will stand after Friday but they just won’t submit any more after then. I suspect it’s partly calling the Glazers bluff
 
Frank Grimes said:
Every other club taken over by Middle Eastern money it was a formality. Why are these Qatari's getting outbid? Something doesn't seem right here.
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Taking over small clubs for £1-300million, where they are run by people even dodgier and somehow even more incompetent than the Glazers is easier than you might think.
 
DomesticTadpole said:
Think that is something we can all agree on. If they show their ugly mugs anywhere near our club again. :mad:
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They be at every final sitting beside their good pal and co-owner Jim. Probably pick up their dividend payments while they are over
 
So, Jassim's way to disrupt the final negotiations between Ratcliffe and the Glazers is to... still offer less money? Bloody hell... :wenger: And Qatari PR still not getting that "promised investment" is utterly irrelevant.

I admit I expected a lot more from the Qatari. This is downright amateurish.
 
The fact SJR hasn't made any further bids, while Jassim and the Qataris have now made 2 further bids tells us all everything we need to know.
 
It’s time for those cnuts to make a decision. Qatar putting in their final offer should force their hand somewhat.
 
Zoo said:


Ratcliffe and his petrochemicals firm, Ineos, have emerged as clear favourites to complete a deal with the club’s owners, the Glazer family, and have entered the final stages of negotiations with Raine, the New York bank handling the sale.
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Yeah thanks MATT for pouring cold water
 
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