Club Sale | It’s done!

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pocco said:
We're only led to believe we are further on if you only believe certain sources. Many in the British media have been repeating that there has been very little interaction since the final bids and that this will roll on into next season. When something is imminent we will know for sure, and it won't be a random article from a single source. Word will start to get out once agreements are reached and wheels start turning, when various different parties are brought in to do their thing (lawyers, finance, PR, club staff whatever).
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I know you are right, but these comments coming from SJR directly. My only hope with him, is that the accuracy of these reports that his proposal includes keeping the Glazers involved are not true. Would have no problem with him, other than I'm really concerned they would still be around.

EDIT: What's with the stupid autocorrect thing - is SJR supposed to be funny?
 
crossy1686 said:
It means that the guys who stand to get rich off the 100% sale of the club to the Qataris are not happy that the Glazers haven't accepted the bid. If they accept Jim's bid for 69%, they won't get a payout at all.

Woodward stands to make about £13m from a 100% sale, so do a bunch of other people with class A shares.
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Thought Woodward had class B shares.
 
Ken Barlow said:
EDIT: What's with the stupid autocorrect thing - is Sir James Arthur Ratcliffe FIChemE supposed to be funny?
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I think for balance, mods should autocorrect SJ as "Sheikh Jassim Bin Hamad bin Jassim bin Jaber bin Mohammed bin Thani Al Thani"
 
Listening to the David Helier interview with flex, basically nobody has a clue what’s going on with this sale. We’ve had rumours of ridiculous bids flying round none of which have even been confirmed to be true.
Thoughts are that this is the end of the road for the glazers because they don’t have any other options available? If they stay the share price will drop below half and this ultimately will kill them despite people saying 2 of the cnuts want to stay, ultimately it will be a massive hassle to stick around and try and win the fans over who ultimately hate your guts.
So knowing nothing at all and looking from the outside there is no reason to stay for them. The sjr bid seems unfair to the one set of share owners so they’re ultimately left with qatar. They’re just milking every penny out of them.
I don’t know where sjr has been quarter but he doesn’t sound upbeat at all saying ‘it’s in their hands’ the writing does seem on the wall. But when? Nobody actually knows I can see this being past Christmas
 
All I'm extracting from the latest development is that we are no closer to finding out who the bidder is or when this will complete. If anything we are further back than I thought :lol:
 
MDFC Manager said:
Sure, but why would they be concerned with that? It's unlikely to hold up any formalities given the front is still Nine Two Foundation.
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Like a lot of finance reporters have said, nobody actually has a clue about the true process/progress of the deal. Football journos need their clicks and traffic.
 
MDFC Manager said:
Sure, but why would they be concerned with that? It's unlikely to hold up any formalities given the front is still Nine Two Foundation.
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They won’t be. If anything Times article confirms the previous stories, it seems that’s just added for so called balance in the narrative.
 
VP89 said:
All I'm extracting from the latest development is that we are no closer to finding out who the bidder is or when this will complete. If anything we are further back than I thought :lol:
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Same thoughts here. feckers should just end our agony and announce they've called off the process.
 
sosolid4u09 said:
So the glazers cant delist themselves as shareholders until debt is cleared?
Whats all this about Sir Jim not clearing utds debt then?
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Jim wouldn't be delisting the club.
blackhawk747 said:
If you guys have seen the United View interview with David Hellier, one of the Bloomberg writers who broke the new of JS is confident of winning, I believe he got the source from either Raine or qatar or both since news get out of bloomberg need 2 source to confirm the validity.

1. he said the Sir jim bid has been dead in the water which we already know and he said would be suprised if he wins unless he can find a new partner with a restructure bid. If Hellier's source is from Raine, which means sir jim's bid has been heavily studied and finally deemed as invalid by the Raine.

2. Hellier said the offer from SJ is actually $5B not £5B. He don't post the number in the article because he couldn't find a second source to confirm it.

the 2 point is actually quite worrying because this figure simply imho won't be accepted the greedy Glazers. It may explain why the hold up because there is only 2 offer 1 is deemed as legally impossible and 1 is far from acceptable.
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Bloomberg and Reuters I am sure reported on information they thought was solid, but with each passing day it appears less solid, even if Qatar end up winning.

With regards to 5b dollars bid, its possible that is the amount the glazers receive.
5b dollars is roughly £3.9b
£3.9b is roughly 69% of £5.6b
Which is inline with some previous reports on the bid value.
 
MDFC Manager said:
Wonder what these doubts are. They don't have the capability to pay up?
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The Athletic feature on Sheikh Jassim insinuated how close he is to the State.... i mean, anyone with some figment of imagination can see that.

Did that stop the Saudis or the UAE bids for Newcastle or Man City? Or are there new regulations?
 
One thing I want to point out, Raine has a growing reputation of the sale of WWE and the swift aquisation of Chelsea. If they fail this time, their reputation would get hit and they would absolutely avoid that.

This deal is getting messy day by day. I think the final outcome will either be JS get the extra money to pay up or no deal at all. There is no way the Glazers to find a way to please the minority shareholders but they don't get the fair share they want.
 
Inappropriate Behavior
phunky said:
The Athletic feature on Sheikh Jassim insinuated how close he is to the State.... i mean, anyone with some figment of imagination can see that.

Did that stop the Saudis or the UAE bids for Newcastle or Man City? Or are there new regulations?
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No but it did take Newcastle about a month to go through the fit and proper test.

I don't want Qatar and hope all who do burn in hell but if the companies house listing was genuine (have my doubts) then the same timeline would be happening that happened with Newcastle as that's when the fit and proper test started.
 
Smores said:
No but it did take Newcastle about a month to go through the fit and proper test.

I don't want Qatar and hope all who do burn in hell but if the companies house listing was genuine (have my doubts) then the same timeline would be happening that happened with Newcastle as that's when the fit and proper test started.
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The main issue with Newcastle was that Saudi were literally pirating the Premier League TV rights. Once that was sorted it was pretty plain sailing wasn't it?
 
Smores said:
No but it did take Newcastle about a month to go through the fit and proper test.

I don't want Qatar and hope all who do burn in hell but if the companies house listing was genuine (have my doubts) then the same timeline would be happening that happened with Newcastle as that's when the fit and proper test started.
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Thats alot of souls you are wishing eternal damnation upon.
 
blackhawk747 said:
One thing I want to point out, Raine has a growing reputation of the sale of WWE and the swift aquisation of Chelsea. If they fail this time, their reputation would get hit and they would absolutely avoid that.

This deal is getting messy day by day. I think the final outcome will either be JS get the extra money to pay up or no deal at all. There is no way the Glazers to find a way to please the minority shareholders but they don't get the fair share they want.
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The easy way to please the shareholders is to buy the public shares at the same price as Glazers shares even in full or part. People don't want Glazers to stay (more so than they hate an immoral regime) but the public shares plus an amount of Glazer shares to gain control would be the obvious solution.

If you were INEOS you may have already bought up a portion of those listed shares.
 
Smores said:
No but it did take Newcastle about a month to go through the fit and proper test.

I don't want Qatar and hope all who do burn in hell but if the companies house listing was genuine (have my doubts) then the same timeline would be happening that happened with Newcastle as that's when the fit and proper test started.
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Ah, cheers for that.
 
Marcus said:
Sir Jim speaks of owning United as a hobby, as something he deserves after making his money. So that's why he is not bidding too much. If he ended his comment with words to the effect that "but I am serious in putting in the necessary investments to make it the best club in the world", I would be fine. He did not. I really hope this is a concession that his bid has been rejected. So half-hearted and non-commital. Go away. You will not be better than the Glazers.
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He also likened it to a rich bloke buying a piece of fine art as it represented an opportunity to have a bit of fun later in life.
Doesn't come across as someone who has a clear long term plan more someone who wants to win a bidding war for a thing. Just my impression
 
cyberman said:
Dead in the water
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United fan Jimbo willing to have our season compromised incase the Glazers get desperate and decide to buckle to his offering.

At least he can patiently wait from the comfort of his Stamford Bridge padded seat.
 
Smores said:
The easy way to please the shareholders is to buy the public shares at the same price as Glazers shares even in full or part. People don't want Glazers to stay (more so than they hate an immoral regime) but the public shares plus an amount of Glazer shares to gain control would be the obvious solution.

If you were INEOS you may have already bought up a portion of those listed shares.
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Indeed.
the valuation of $6B could only be feasible when the oil sheikhs are involved, who are so enthusiastic about the sport industry. In real biz world, NYSE, $Man Utd could only worth $10~$20 a share. Factor in the risk of relegation, drop out of UCL and ongoing investment to keep up with the competion, I don't think there is a large group of entrepreneurs who are looking for values would get involved with bidding $6B.

I don't think IENOS is fiscally sounded to justify doing a full aquisation.
 
Tiber said:
Ratcliffe has all his media chums working hard today. The Athletic published a full on propaganda piece spinning debt as a positive
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From the article:

"Its gross debt is $16billion, which is a lot to mere mortals but no biggie to a business that generates that much cash, which is why the banks are still so willing to lend INEOS money. They have given Ratcliffe $15bn to invest over the past five years alone, with another $3.5bn secured for an ethylene plant INEOS is building in Antwerp. They do it because INEOS is good for it.

So, INEOS is a company that has ready access to cheaper money — and lots of it — than most other businesses or individuals can obtain, and it has a 25-year track record of growth and profitability. But, most significantly, it also has a long-standing dislike of external shareholders."
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That's a lot of money owed, especially if he borrows a total of $6bn for the club and piles that on top...
 
Ineos: more of the same, debt, keeps the greedy impossible to flush and incompetent glazers on board. The club became a meme of their watch

Qatar: fresh start, will hire best in class and uphold main club traditions, will invest heavily in the community, no debt if they decide to leave, the only bidder out there who will clear the debt and invest their own money into the stadium and facilities that the glazers totally neglected.

I’ll burn in hell please.
 
cyberman said:
Dead in the water
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So not only fecking up the fans by keeping the leeches, he is happy with fecking ETH and his preparation for next season. If this brexiteer take over the club, we will swim in mediocrity forever.
 
Kaos said:
United fan Jimbo willing to have our season compromised incase the Glazers get desperate and decide to buckle to his offering.

At least he can patiently wait from the comfort of his Stamford Bridge padded seat.
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I can’t understand how he expects the Glazers to talk tough his bid when Jim knows it falls at every hurdle.
It reads as if he isn’t going to bid again and that’s it
 
Smores said:
No but it did take Newcastle about a month to go through the fit and proper test.

I don't want Qatar and hope all who do burn in hell but if the companies house listing was genuine (have my doubts) then the same timeline would be happening that happened with Newcastle as that's when the fit and proper test started.
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Thats the majority of the united fan base, about half a billion.
 
Has Nice even made any signings this summer after Sir Jim pledged to help build them back into european contention?
 
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