Club Sale | It’s done!
- Thread starter JB08
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It’s not the that black and white though. Especially with it being so close in terms of the valuation. It’s a question of risk.
How am I missing your point? I’ve specifically addressed the point the INEOS offer values the club higher. My post is explaining to you why that doesn’t matter.
Definitely because it’s Jummah haha
I imagine it is, yeah.
Don’t be silly
Really good movie. The Rock and Karen Gillan have great chemistry.
No purely conjecture
It’s more like £120 now and £130 in 3 years now which one would you take ?
Hopefully today we finally get the news!
Christ this thread moves fast !
Yeah just like we get with most transfers
Agreed. This notion that SJR will just pay hundreds of millions, at a premium price to the Glazers in 3 years time, no questions asked, is fanciful to me. They could be back to square 1 of negotiation except SJR would hold the upper hand -
I think they will be advised to take the money on offer now and walk away for good.
Exactly what is going to happen. Definitely no announcements. Probably no briefing either and the Journalists are all going to rush to be the first to assume that means it wasn’t accepted and INEOS are the last bidder standing.
I'm back and forth with myself on this
One part of be thinks that the Sheikh Jassim / Qatar bid is a bit fishy. Either it is genuinely private and he can't match Ineos's enterprise(?) valuation of the club. Or it was perhaps it's a bit of publicity to show they want a PL club, but to show they can walk away from greedy sellers.
But if I wasn't a United fan, i'd probably think "well obviously Qatar will win, they have a bottomless pit of money" and it just depends how much they want it
Another twist wouldn't surprise me. Hopefully not the worst one - Glazers staying as majority owners
One part of be thinks that the Sheikh Jassim / Qatar bid is a bit fishy. Either it is genuinely private and he can't match Ineos's enterprise(?) valuation of the club. Or it was perhaps it's a bit of publicity to show they want a PL club, but to show they can walk away from greedy sellers.
But if I wasn't a United fan, i'd probably think "well obviously Qatar will win, they have a bottomless pit of money" and it just depends how much they want it
Another twist wouldn't surprise me. Hopefully not the worst one - Glazers staying as majority owners
How am I missing your point? I’ve specifically addressed the point the INEOS offer values the club higher. My post is explaining to you why that doesn’t matter.
This has got way out of hand, the initial post from a different poster was saying that SJ's offers have never been lower than SJR's, "It never happened" and I basically said that objectively that was wrong. I wasn't disputing any of what you are saying
It’s not uncommon in business I believe to offer a higher valuation for a lower stake. If Ratcliffe was intent on buying 100% I don’t think he gets anywhere near Jassim.
Staggering lack of basic financial knowledge. If you don't know what time value of money means, I'd suggest you either read up on it or at least don't appear to make an argument as if you know what you're talking about.
Also on the whole Glazers want to stay involved because they see potential and want their piece of it. How does being minority investors with no control and a guaranteed exit price help them with that?
If the value of the club does indeed shoot up with upcoming Tv deals and what not, it won’t mean anything to them unless they have something in place to cancel the options and stay on as investors. In which case it becomes more expensive for INEOS to get rid of them and they will no doubt start agitating for dividends.
If the value of the club does indeed shoot up with upcoming Tv deals and what not, it won’t mean anything to them unless they have something in place to cancel the options and stay on as investors. In which case it becomes more expensive for INEOS to get rid of them and they will no doubt start agitating for dividends.
The biggest issue with this is that in no way shape or form is that even going to happen in the next 3 years anyway. The value of the club will not rise enough to make the gamble worthwhile.
Source? Had he confirmed that our debt remains and will be serviced entirely by the club?
A new stadium, training ground and on field success would raise the value.
Maybe it's a minimum guaranteed price?
Which makes one wonder, is it just the glazers trying to turn the current £120 offer to £140, by using the £130 future offer as leverage?
Within 3 years?
I'm far from an expert and somebody might correct me here, but as I understand they are guaranteed the same value (above market) for 3 years, after that they stand to make market value. So if club value rises, Glazers profit, and vice versa.
Pretty much. At any time prior to the expiration they will be able to sell the stock. If the value is higher at that time they sell with the higher value.
And INEOS are going to plough that capital into the club without issuing new shares and diluting the Glazers share?
Glazers aren't even out of bed yet.
A stadium could be turned around in that time. As soon as a spade is in the ground or a planning application is accepted for a new stadium then it could add value. Training ground could be built in much less time.
Jesus christ, the initial post said that it was incorrect that SJ had valued the club lower than SJR at any point during the process and all I said was reports indicated that was incorrect, that's all. I'm not getting into arguments with people who have biases towards a specific party just because I disagreed with something and stated what has been reported.
Maybe to an extent. There must be some value to this deal or I doubt it would be proposed or that it would require so much consideration as it seemingly has.
There’s no point. It’s a circular argument with certain people ignoring key facts like Ratcliffe having an offer for 69% in addition to the 51% offer.
Wouldn’t it be in INEOS interest financially to wait 3 years to fully buy the glazers out and then make those sort of investments. After all if they invested and significantly increased the value then that’s more cost to them to buy the Glazers out.
How much is the 69% offer valuing the club at…
The same valuation isn’t it? Just less up front costs which presumably is why it’s attractive to Ratcliffe as he still gains control
Fantastic last line about nothing being imminent. Sweet fecking Jesus.
The PR issues Qatar would have if they fail would be to much for it to be acceptable IMO. They will win 100%.
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