Club Sale | It’s done!

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JagUTD said:
:lol:

It's just a parody of the usual anti Ratcliffe posts we get here. Generally based on stuff they made up and then repeated so often they now believe it to be fact. See 3 posts up for an example.
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I thought it was obvious as they most definitely don't need the 20m, that's like me or you finding 5p on the floor.
 
stevoc said:
All I said mate was that £9 Billion quid was a lot of money.
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To me and you, yes. To a business the size of Manchester United, yes. To INEOS? I'm not sure. They seem to turnover incredible amounts of money, are involved with selling and buying businesses all over the place, I trust that they have their shit in order to be honest.

In relation to United it has been repeated by financial people many times over the years that debt can actually be a good thing for large scale businesses. So perhaps it serves a purpose to keep their debt? I don't know finance so don't know the mechanics behind it all, but I reckon they probably know what they're doing when you read about all the ventures (including purchasing us) that they are involved with. If the debt wasn't manageable then I think that would all be scaled back and they'd be looking to pay it down.
 
JagUTD said:
Ineos desperately need the average £20million profits United make. It's the only reason pesky Jim wants us. Slimey feck will have loads of fun with it no doubt.
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That's what makes me laugh about claims he's in it for the money or we'll have to pay our own debt, it's a drop in the ocean for INEOS.

He's said himself that he's made enough money and built a successful business, now he wants to enjoy it and have a bit of fun owning United. I can comfortably say it has nothing to do with money and that he would want us to be successful as a priority, which means he couldn't leave us hamstrung by debt. Buying the club would then make no sense at all for him. Plus he could invest those billions elsewhere for a better return.
 
pocco said:
That's what makes me laugh about claims he's in it for the money or we'll have to pay our own debt, it's a drop in the ocean for INEOS.

He's said himself that he's made enough money and built a successful business, now he wants to enjoy it and have a bit of fun owning United. I can comfortably say it has nothing to do with money and that he would want us to be successful as a priority, which means he couldn't leave us hamstrung by debt. Buying the club would then make no sense at all for him. Plus he could invest those billions elsewhere for a better return.
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He’s not in it for the yearly profits, he’s in it for the rise in value of the asset. As every other non state takeover in the league
 
pocco said:
To me and you, yes. To a business the size of Manchester United, yes. To INEOS? I'm not sure. They seem to turnover incredible amounts of money, are involved with selling and buying businesses all over the place, I trust that they have their shit in order to be honest.

In relation to United it has been repeated by financial people many times over the years that debt can actually be a good thing for large scale businesses. So perhaps it serves a purpose to keep their debt? I don't know finance so don't know the mechanics behind it all, but I reckon they probably know what they're doing when you read about all the ventures (including purchasing us) that they are involved with. If the debt wasn't manageable then I think that would all be scaled back and they'd be looking to pay it down.
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Their debt is manageable for them.

But they're not buying us with their current debt. They're looking to increase their debt by 30-40%. What they're left over after their current liabilities most years isn't enough to service that debt alone. Which is why the suggestion all our income will be left on the table for us to spend is daft
 
We need a British culture at Utd.
Jim would be the best choice imo
Hopefully a cap on foreign players is implemented by Jim.
Brexit means brexit
 
pocco said:
That's what makes me laugh about claims he's in it for the money or we'll have to pay our own debt, it's a drop in the ocean for INEOS.

He's said himself that he's made enough money and built a successful business, now he wants to enjoy it and have a bit of fun owning United. I can comfortably say it has nothing to do with money and that he would want us to be successful as a priority, which means he couldn't leave us hamstrung by debt. Buying the club would then make no sense at all for him. Plus he could invest those billions elsewhere for a better return.
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Dunno what your finances are like but if I needed to buy something that represented a 'drop in the ocean' in comparison to my overall financial situation, generally don't have to go to the bank to borrow lots of money for it.
 
SmallCaine said:
https://www.theguardian.com/busines...oves-to-tax-free-monaco-brexit-ineos-domicile, 4bn estimated tax savings, but i assume you and other jimbo supporters will try and tell everyone how the man who wants to put manchester back in manchester united and britain back in the british club when buying chelsea just changed his tax domicile because weather's nicer in Monaco.
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£4b in tax!? (And he apparently can't afford United??) :eek: We'd probably all do the same to be fair :lol:

Nah I know the score, but the way it was given as fact was what I was questioning.
 
stw2022 said:
Their debt is manageable for them.

But they're not buying us with their current debt. They're looking to increase their debt by 30-40%. What they're left over after their current liabilities most years isn't enough to service that debt alone. Which is why the suggestion all our income will be left on the table for us to spend is daft
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Out of interest (no pun intended) how much of a dent would £20million make in £15billion?

Sizeable I would imagine given the fear people have that it would be used to pay off such debt.
 
stw2022 said:
Dunno what your finances are like but if I needed to buy something that represented a 'drop in the ocean' in comparison to my overall financial situation, generally don't have to go to the bank to borrow lots of money for it.
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That's because you're not a multibillionaire. This is how they all operate because it's cheaper than using their own cash for a variety of reasons.
 
How are we buying players?
Who is paying?

Glazers are hardly paying lump sums if they are leaving or at all for that matter !

Paying in installments over years is someone elses capital/problem if Glazers are selling?

I am confused here
 
JagUTD said:
Ineos desperately need the average £20million profits United make. It's the only reason pesky Jim wants us. Slimey feck will have loads of fun with it no doubt.
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Or he wants to run United exactly the same as the Glazers have been and flip the club for £25bn in 15 years time.
 
JagUTD said:
That's because you're not a multibillionaire. This is how they all operate because it's cheaper than using their own cash for a variety of reasons.
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Exactly this. The rich are rich for a reason they know how to manipulate money to get what they need.
 
McGrathsipan said:
How are we buying players?
Who is paying?

Glazers are hardly paying lump sums if they are leaving or at all for that matter !

Paying in installments over years is someone elses capital/problem if Glazers are selling?

I am confused here
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The business (club) pays for the players and future instalments from it's revenues, not the Glazers.

It's completely normal for a business to have outstanding creditors at the time of sale.
 
JagUTD said:
Out of interest (no pun intended) how much of a dent would £20million make in £15billion?

Sizeable I would imagine given the fear people have that it would be used to pay off such debt.
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None but those figures don't relate to anything.

Debt interest on £4bn isn't £20m.
 
I don't know why the Qatar fans are still worrying about Jim, having decided he's got no money because he lost it all in a card game against Hitler.

He never stood a chance anyway, as evidenced by the fact he hasn't incorporated a company with 92 in the name or photoshopped a picture of himself wearing a United shirt

Also, just look at Nice.
 
Pexbo said:
Or he wants to run United exactly the same as the Glazers have been and flip the club for £25bn in 15 years time.
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I heard from reliable Redcafe based sources that he'll be dead in 15 years. Repeatedly.
 
IncyWincySpider said:
I don't know why the Qatar fans are still worrying about Jim, having decided he's got no money because he lost it all in a card game against Hitler.

He never stood a chance anyway, as evidenced by the fact he hasn't incorporated a company with 92 in the name or photoshopped a picture of himself wearing a United shirt

Also, just look at Nice.
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I still laugh at your post below, given Jassim put in yet another bid after that point :lol:

IncyWincySpider said:
Jassim is clearly the most flexible because he can walk away and continue to negotiate at the same time. That takes some doing. Like patting your head and rubbing your tummy.
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pocco said:
To me and you, yes. To a business the size of Manchester United, yes. To INEOS? I'm not sure. They seem to turnover incredible amounts of money, are involved with selling and buying businesses all over the place, I trust that they have their shit in order to be honest.

In relation to United it has been repeated by financial people many times over the years that debt can actually be a good thing for large scale businesses. So perhaps it serves a purpose to keep their debt? I don't know finance so don't know the mechanics behind it all, but I reckon they probably know what they're doing when you read about all the ventures (including purchasing us) that they are involved with. If the debt wasn't manageable then I think that would all be scaled back and they'd be looking to pay it down.
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My post wasn't pro or anti Ineos mate. I was literally just reacting to a huge amount of money.
 
We need an rvn said:
Like watching a boring boxing match that is in the 12th round and you expect the bell to ring but it doesn't - yet you've invested so much time into it you need to see it out till the end

There's a poll in Qatar or Ineos - which owners would you prefer? | Vote now Private | RedCafe.net thread
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Disagree. This thread hasn't yet sold its soul to some Middle Eastern regime trying to take over the world(of sport).

Plus it's also fair more exciting than modern day boxing. For one, the fights actually on going and not collapsing before it's even been signed and as yet, nobody has called anyone else a dosser. There is still time for that though.
 
Pexbo said:
Or he wants to run United exactly the same as the Glazers have been and flip the club for £25bn in 15 years time.
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Sir Jim is 70, of course i wish him a long and happy life but realistically in the long term he would have to be thinking of his children and long term legacy. He seems to have 3, Samuel, George and a daughter Julia. These are the people that may be very important down the line at Utd, hopefully they are not as useless as the Glazer bunch.
 
Pexbo said:
Or he wants to run United exactly the same as the Glazers have been and flip the club for £25bn in 15 years time.
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Long term investments that will bear fruit at 85?

Though I'm sure there are billionaires that think like that.
 
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