So essentially we'll still be hammered with debt, new debt taken by INEOS, and pretty much in the same situation as before. Sounds fantastic to me
Club Sale | It’s done!
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Hooray for the Ineos train they are in cycling yeah? get those PEDs in the players,run all day. No more debt for stadium and training. Don't worry about it wear better clothing, surely a wee paint job at both will do the trick. If we use debt to pay for any of this refurbishment nonsense we will end up a Spurs mark2. Maybe that will ok as" We are United , We are morally superior" "Just Stop Oil & Gas "
And as said a million times before... Let me say it simple.
The Glazers are repaying their debt with direct debit set to "pay minimum only" because they have no intention of clearing it.
The new debt won't be Manchester United's problem, INEOS will soak it up in their current debt and that's that.
Our current debt will then be serviced then by INEOS and hopefully (nobody can say for sure) managed a lot better and they up the repayment from minimum.
This will (ironically) end up like Brexit, with those who wanted Rat cheering and rejoicing at the win, only to see it all come crashing down as it clearly will. With additional debt introduced we're really just adding another Glazer and could end up being a laughing stock. Worse still, if the debt gets bad enough and Jim has financial issues the club could end up doomed over time.
More absolute conjecture based on nothing but a nightmare scenario created in your own defeatist mind, must be a joy to live with.
That was the talk when the bid was to clear the Glazers out at 69%
Not a chance they're paying that debt at 51% with the people who caused this mess sat on the board awaiting a further hand out within 3 years.
fecking hell.
If he controls the club he has no option.
Stop worrying about it, anything other than Glazers control is a win.
Always threaten to walk away when negotiating.I would imagine Rat?
Qatar have set a deadline of tomorrow, after that they're out. Would leave Jim as the winner by default I guess
Agree with this.
At this stage, whoever the new owner is we should try to be positive about it. The Glazers losing control is the main thing, and by all accounts, with Ratcliffe, they would be gone entirely in 3 years.
Yes it is.
Think it cant get worse than the Glazers? it can without question
Yes anything is plausible but this idea that Ratcliff winning a majority to be likely bad news is an absolute nonsense.
Increasingly looks like whatever the outcome, the Glazers' days in control of the club are numbered. Minority investment from Elliott et al must now be a no-go you'd think, given that the Glazers have been given an option to remain (if they really want to) by Ineos. That is a reason to celebrate.
Exactly. Plus I can't see them investing all the money needed for the stadium and training ground when they only own 51%
I'm a delight actually. Everyone loves a bit of doomsaying. They just don't like to admit it because they know that could trigger a spiral ending with a fit of depression... I'm doing it again, but you get the point!
Seriously though, the first part was pretty accurate I think. This will end in regret just like the Glazers and for the same reasons. The second part was maybe conjecture but adding such large amounts of debt to a club already in a lot of debt is unlikely to end well.
Why not? The 51% offer has them buying the remaining amount in a couple years time so they know they have to invest in the club from now and not risk it being worse off when they complete the purchase of additional shares.
Can someone explain to me what the deadline to the Jassim bid tomorrow is meant to be?
Is it that they’ll walk away tomorrow night if it isn’t accepted, or just that they won’t negotiate any more after tomorrow night?
Is it that they’ll walk away tomorrow night if it isn’t accepted, or just that they won’t negotiate any more after tomorrow night?
No more negotiating so it will be his final offer *wink*
seems they have the feeling they are second choice, so to save face are bowing out
That's not how put/call options work mate. They agree a proces now and a date for each and they are forced to sell.
Th benefit for the Glazers is Jim wouldn't pay as much if he had to pony up all the cash now. So basically it's an agreement to pay more total but over three years.
Jim will have control from day one so it won't matter that the Glazers are still around for a bit
He’s got a bid in for the full 69% Glazer shares, as well as the other option. So not sure what you chaps are rattling on about here
OMG. I never ever read this type of stuff on here. I did on this one because it's a top 10 song of mine. Amazing work! Amazing. You have skills.
This is crazy thinking about it cause he came in for Chelsea at the last minute like he was gonna transfer £4.5b tomorrow..like it was standard!
Low and behold, when it comes to buying the club he supports it’s all sorts of applying for loans and mad intricate small print. What’s
happening?
Totally agree not with Ineos money however if the debt is instantly absorbed by Ineos as a parent company, Manchester United PLC no longer owe £535m debt and therefore Do not pay the interest payments to service the original bank debt, that means the club through better financial management and success on the pitch can go back to making a profit which would be used in some form to pay back an inter company loan through Ineos and the profit used to pay back the loan at maybe £40m per year over a 15 year loan to Ineos. This means that from a FFP and a FSP point of view the club would be more stable financially and able to probably make £250m summer transfer spree this summer and £175m next summer followed by £125m when FSP is required to be 70% in season 25/26. It means that under SJR we need to be managed perfectly in the next 3 years and must be in the top 5 every season to make CL to grow potential revenue to £700M annually, high risk from SJR as £500m net spend over 3 years needs to be spent perfectly to fight the onslaught of City and Newcastle plus at least 5 other PL clubs spurs, Chelsea, Arsenal, Liverpool and Villa who have huge ambition, elite managers and deep pockets.
He could literally change nothing and we'd be ok, so long as we were provided funds. If he can improve things then great, it shouldn't be difficult seeing as half of RedCafe knows what to do!
The Glazer Out protests have been built on a notion that if we are left to operate as we should, without paying dividends or debts, then we'll be fine. I think that is the least SJR can bring to the table.
No more engagement from his end IF THERE’S BEEN NO RESPONSE TO THIS OFFER.
Offer stays on the table, but no more dancing around.
Either you come back and start talking to me clearly about a full sale or I’m done.
Subtle
It’s absolute nonsense. I think he and his team will be perfect for us.
Three contrasting answers. Clears that up. Thanks all
Perfection is the Glazers disappearing, clearing the debt, making a huge improvement to the stadium and funding us massively with market leading transfers.
Do you think that will be how it pans out?
From the PR press release:
"The Sheikh has also told those involved that he will engage up until Friday. After then, the bid will stand, but there will be no further negotiations."
Qatar won't officially walk away (the bid will technically still stand), but they know that it's finished for them after tomorrow, which just leaves Ineos to conclude a deal (hopefully, next week).
How can you be sure about that? Give us some facts. When they have got control they can do what they like, they dont have to stick to anything you read in the media.
Sounds like a desperate ex
It will take considerably longer than a week
This keeps being mentioned and I understand the debt will be under ineos and not Utd. But ultimately that’s just semantics. It’s still the same wallet. It isn’t just SJR buying the club, it’s his company. It has to make business sense to the company as a whole. I just don’t see the freedom in spending as it would be with the Sheikh bid. Not just on transfers which should pay for themselves from revenue. But the actual investment needed in the stadium, training and club as a whole.
Come again?
Assume Qatar never got involved, wouldn't SJR be seen as out knight in shinning armour if he does manage wrestles control of the club from the Glazers?
Read my post.
I said anything is plausible but it's not likely they'd be worse than Glazers.
One huge reason is SJR is a Manchester lad with a vested interest in seeing his club perform on a footballing level. Another is that he's more astute than the Glazers are in handling a football club. He may have done a bad job with Nice, but even sovereign funds have failed with smaller clubs.
The briefs of him hiring an actual footballing person as a DoF for example is an obvious improvement.
This shouldn't need spelling out.
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