Its 6am in Florida isn't it?
Club Sale | It’s done!
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Its 6am in Florida isn't it?
Yeah unfortunately does feel that way
This is gonna sound crazy but I'm legit invested in this press war.
It'll help filter which outlets are really about it vs chancers
It'll help filter which outlets are really about it vs chancers
Very true but does feel like there is probably a lot of truth in nothing happening until next week
Because we all know that Qatar can just keep upping their bid and beating him if they wanted, as much as they say it's a private bid.
Also i think one report that Jim's bid is complicated, he doesn't have all the money himself, it requires shifting some debt to Ineos, getting involved with hudge funds/banks and is got lots of parts to it, we've heard it maybe for 69%, 50% but a controlling stake, thae he'd let Joel and Avram stay, or he'd let all of them stay, that some money will be paid over X years or that he'd buy out the Glazers over years. They also have the matter of the club share structure considering he's not buying the Class A shares.
So an improved bid from Jim may not be so easy as just putting up another number like Qatar can. Which is why lots of report saying that they just been using Jim as a way to keep pushing up Qatar bids.
It’s already Beer O Clock in Qatar. Oh no, wait…
That's not what's happened in the link you provided - they had entered an exclusivity period.
This is negotiating to go into an exclusive negotiation period, which is just not news imo. If an exclusive period has been agreed like in your link (in other words, no more bids from other parties), then that's big news.
Until then, it's all meaningless words.
It looks that way, but there is surely a way around that, which are legal. The new owners could provide the current owners with a loan for example, no?
That makes a lot more sense than the 100-120m that keeps being floated about. I don't know if it is the club briefing trying to get some leverage in transfer dealings (far fetched) or the whole media jumping on one interpretation for clicks.
This makes sense to me. That means, even when we're taking a loss on players (say Maguire, Telles, Bailly, Donny, Martial) and even if we're having to subsidise their wage for the rest of their contractual time here at their new club, we'd be clearing a lot of the wage bill in essence allowing for more room to manoeuvre.
It won't buy you a Kane where Spurs would want the whole sum up front, it won't allow you to trigger expensive release clauses (i.e. Costa) but we can still sign 4-5 players of the required quality amortising the payments over the maximum allowed period.
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Here's another question of a hypothetical scenario.
Let's say we are spending 100m on a player, the selling club doesn't want 20m instalments over 5 years. Is it possible to make the first instalment 20m, the second 50m, and then spread the remaining 20m over 2-3 years? I.e. is it possible to load most of the cost onto next summer in anticipation of renewed and new sponsorships and for those instalments thereby to be uneven?
Still hoping the INEOS cheerleaders Times are left with egg on their faces. Think we have had the rush of news on it for this week
But good for owners to "know" is to trust and use competent people in the right positions in the club. Does not look like they have used the right people in Lausanne or Nice.
I feel like the whole of the British press are rooting for SJR/INEOS and are puring cold water on any positivve Qatar development story just because theyre not the first ones to be briefed/leaked to about it. Emabrrasing...
While this may technically be a "meme", I'd argue that it isn't pointless.
A nice reply; at least we're agreeable that it's complex and probably not static.
The consitiution of 2005 was interesting, in part because it seems to frame HBJs branch out of the family Al Thani/ ruling family.
I believe SJ is the great-grand nephew of Jassim bin Mohammed Al Thani, not a direct decendant of Hamad Bin Khalifa Bin Hamad Bin Abdullah Bin Jassim. It's not beyond the relms that SJ is not close enough to be the front of a state bid. If anything it adds to the probability it is less likely.
We agree also agree on how the Emir seems to keep Al Thanis on board. It reminds me, theortically, of the eglitarian model used by Ricardo Semler at Semco Partners, Brazil for voting in managers by subordinates (every 6 months). If the managers don't keep the subordinates happy the managers can be voted out; books- Maverick and The Seven Day Weekend.
I also found this interesting
As an aside Gray 1988 is worth a read Towards a Theory of Cultural Influence on the Development of Accounting Systems Internationally - GRAY - 1988 - Abacus - Wiley Online Library it was also interesting to read @OmarUnited4ever comments. Other academic research suggest SA isn't strict with it's uniform in financial enforcement, and Qatar also isn't as uniform, whereas, Kuwait, Bahrain, Jordan and Oman are either uniform or largely uniform. All the countries are influenced by culture, which points to findings in the book. This implies Qatar isn't as strict as some suggest, why that is and how that associates with some perceiving the Emir has control is unclear. My own view is that I'm not convinced by the degree of interventions/control of the state/Emir in business and Qatar is probably closer the SA.
It's good to see you provide links so I can read. Cheers
I honestly can’t see how Glazers choosing Qatar for exclusivity and are negotiating the terms isn’t a massive deal?
if Jim was in the same boat we’d have heard about it by now. We wondered if the 5th bid worked and it did. The really pedantic posters here were the ones mocking that 5th bid while telling us INEOS were still in the lead.
It should be self-explanatory. An exclusivity period is a legally binding phase that includes penalties if a party unilaterally decides to leave, you have to negotiate and find a legal agreement. There is nothing baffling about the mention of that process.
There is a chasm between digging in and cheerleading. You have no idea what my standpoint is beyond not wanting authoritarian nation states with scandalous human rights records entering the free market and taking ownership what I see as important cultural institutions. It's empire by another name. This is utterly consistent with my views across the board. And not I itself digging in.
I have been involved with people's rights on a grassroots and international level to various degrees since I was basically a kid. There is sometimes more required than incremental or token change.
I understand that, but my point is they aren't at that stage yet. Could be weeks away or it might never happen. Not worth getting carried away until something concrete is announced.
That's not what you did and my post had nothing to do with being carried away. I answered to a post suggesting that the phase in question was baffling which it quite obviously isn't.
An exclusivity period is standard, news about an exclusive negotiation to enter exclusive negations is not. On that link it's after the deal has been done anyway, we're currently closer to the start of the process than to the deal you're referencing.
Also my previous post had really weird formatting - the bit I bolded was actually quoting someone else. Bit confusing, apologies.
Thank you for the link, very interesting, they refer to bidding process as “very open, transparent and enjoyable” , obviously similar to the one we are all monitoring.
However they also advise that they have signed the exclusivity agreement and are entering into that phase. Here they are negotiating the exclusivity agreement. After several months of haggling you would have assumed that there would have been a general idea of how the matter would progress and that there would not be something touted as an additional stage but a formality. That said it is possibly baffling for just me.
That side of the outside of the stadium looks so basic. I can almost imagine stapler being chucked out one of the windows
An interesting question - thread worthy - would be assuming this takeover goes through, what cant he fans organise to put pressure on the Qataris to reform their human rights record? It's easy to be flippant about it and say they'll be thousands of miles away and not care, which was said of the Glazers too, but I think the negative reviews all over the place of business associates and sponsors cannot have been welcomed by the Glazers. If every Qatari tweet, comment section, etc. is clogged with reproach of aforementioned record than it's certainly better than nothing and quite different from what we've seen from City and Newcastle fans (I don't know about PSG fans).
It’s a new phase of negotiations. It makes perfect sense that there are terms that need to be agreed before entering that process.
Both parties will want to protect their own interests. The buying party will have additional granular access to financials so new NDAs will need to be signed. A timescale might need to be agreed. Compensation in the event one or the other withdraws without reasonable cause.
I’m pulling these out my arse btw but I can imagine it’s very complex and very sensitive with a lot of risk that needs to be mitigated by both parties.
That's the part that I don't get. Unless you think that an agreement for exclusivity can happen without negotiating it, how do you not understand that it's a normal process? How do you interpret it as baffling?
Or are you baffled by the fact that this stage was reported?
At this point there are no formalities, these are serious legal talks, not general ideas. In fact this phase is done by lawyers.
Please give us some positive news on takeover,all I have seen today is Russo leaving,big price for Hojlund, Min Jae to Bayern, oh and De Gea likely to stay over signing GK
if the sun’s up, the glazers will be out, sunning their lizard skin.
I know sales can take time but this is disgraceful.
This is as done deallio as you can get. It’s over <insert Evra ‘it’s over’ gif>
Seems to me we're still at square one and all this stuff from the press is just guff. Think one twitter account has caused a lot of drama, but really it looks like nothing has changed.
FFS this is an absolute farce,this better not be all about getting a better bid out of Ratcliffe. Sadly we aren't getting anything positive on this today bar some miracle.
Yeah when though
What time does the stock market open?
First it's Jamie Jackson and secondly he managed to say nothing of value.
2.30 but nothing is happening today
Says absolutely feck all. Business with 800 people worried about their job? No shit
You can feel the frustration from the British press because they know absolutely zilch it’s hilarious
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