What others including @JagUTD seem to forget is that this isn’t a personal acquisition, it’s an INEOS acquisition and they will have a business strategy which goes far beyond Ratcliffe’s life expectancy.
Club Sale | It’s done!
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The plot thickens
Do you reckon they kick him out of the boardroom when they need to discuss business for the year 2048 onwards?
Not my cup of tea either. Unless it's the Glazers of course.
Oh yes!
He recuses himself.
"fellas, I'll be long gone by this point so I might get an early dart. I'll see you at the pub".He goes and talks football with the lads down the Dog and Duck
Malcolm Glazer literally died without cashing in. For some people it’s the making of the money rather than the spending.
of course, but he has 2 sons, Samuel and George involved in Ineos. The fear is that we see a repeat of the situation with Big Mal and then getting stuck with his offspring.
Stating a fact.
Ah yes, as opposed to the many polite posts from the anti Qatar brigade.
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.
So this was incorporated on 4 July 2023 on company house under the name Muhammod Dillon. Could be pure coincidence but who knows.
NINE TWO UK INVESTMENTS LIMITED
Nature of business (SIC)
64303 - Activities of venture and development capital companies
68100 - Buying and selling of own real estate
68209 - Other letting and operating of own or leased real estate
68320 - Management of real estate on a fee or contract basis
https://find-and-update.company-information.service.gov.uk/company/14978530
NINE TWO UK INVESTMENTS LIMITED
Nature of business (SIC)
64303 - Activities of venture and development capital companies
68100 - Buying and selling of own real estate
68209 - Other letting and operating of own or leased real estate
68320 - Management of real estate on a fee or contract basis
https://find-and-update.company-information.service.gov.uk/company/14978530
Oh I have no doubt mate, I've seen it first hand. And it's the same case with Malcolm's spawn, they all already have more than enough to live the rest of their miserable existences quite comfortably. Yet they're still negatively affecting an institution beloved my millions just to squeeze an extra few million out of Qatar.
I hope he sues them into the fecking ground.
The fear is definitely Glazers MKII
They might be even better owners. Who knows? I heard that Josh Kroenke has got more involved at Arsenal recently and they're suddenly going places.
Michael we salute you
Yes, just what we need. The club to be dragged through another saga.
I hope, if he buys the club, they don't need to sue him as something is agreed amicably.
I think this is the reason it may be dragging on so long - the Glazers taking legal advice and working through this issue, as they want to go with Sir Jimmy.
Agreed (at least as far as some of them are concerned, anyway).
I’m not sure you can work through breaking laws against shareholders interests though. It’s not really a negotiation
What's stopping Jim from buying A class shares?
No plan to take the club private
He’s offering a premium to the Glazers to persuade them out. It’s not financially viable for him or he doesn’t have the motivation to buy out the rest at the same price like Qatar have offered.
Can we take anything from United still hiring staff and still signing player(s)?
Seems weird if that Doctor has left Arsenal after 14 years to go to a club which could get new owners, then decision makers, and sack him at any given moment
Seems weird if that Doctor has left Arsenal after 14 years to go to a club which could get new owners, then decision makers, and sack him at any given moment
Day 400 in the big brother house. Still
Nothing has happened.
Nothing has happened.
Plus to be clear if he keeps Joel and Avram
On they will have 2 votes on the board from 8 if Jimmy Boy likes them so much and agrees with them then his 5 votes will be in line with theirs to continue to bleed the company, they are only staying if they get their egos massaged!
But J and A are shareholders too and what right does a minority shareholder have on them selling their own shares or choosing to keep any portion they deem fit? Don't the two of them have property rights too, surely you can you can't sue me for choosing to do what I want with my property?
The Glazers never promised a full sale, they said they were exploring possibilities that might result in a sale or minority investment. SJR comes in with an offer in between - for majority control - surely the minority shareholders don't have a leg to stand on here because they can't dictate to other shareholders what to do with their shares. Its not like they have to choose between two identical offers either that the minority shareholders will say you chose one that screwed us over.
Surely if he buys the A class shares then there's no risk of being taking to court over a potential deal?
Correct but he’s a businessman. The additional shares will cost a couple of billion and he might think that potential legal action would be a lot less than that - it’s also the Glazers that would be liable I’d imagine.
Doesn’t matter what the Glazers promised, if a full sale to Qatar is beneficial to all shareholders then they’re legally obligated to sell to Qatar. That’s just the law.
I’m sure there’s thresholds that allows Glazers to sell shares but giving up full control will be covered from all legal angles.
It’s not for us to understand. It’s just what Cayman Island law is and they knew the rules and regulations when they set up house there.
Edit if it were Jim on his own they could sell to Jim but when they have another bid on equal terms but be it’s benefits class A as well then they can’t choose Jim. It seems to be that simple (maybe I’m wrong)
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His wallet. There’s a reason why he’s keeping on two Glazers as well. It’s so it’s cheaper for him even still.
Yeah there is zero cause for optimism on a sale happening any time soon unfortunately
There wouldn’t be legal action, wasn’t it Bloomberg who said 3 United directors wouldn’t even sign off in Jim’s deal?
Talking hypothetically of course.
Just googled his two sons and I get Kendrick and Roman vibes.
He can't afford to. His whole plan is predicated on only buying enough for a controlling interest. If he went toe to toe with Qatar on who's got the most cash he would lose. He is funding his bid by shafting the Class A shareholders.
It doesn't necssarily have anything to do with funding. If the Qataris want to take the company private, they need to buy out the other share holders. While Ratcliffe doesn't seem to intend to take the company private, so all he needs is a controlling share.
There are a number of benefits and disasvantages to going private. However, the most crucial element is usually that a listed company has much stricter rules on transparency, accountability to shareholders and reporting requirements than a private company. Which traditionally is beneficial for sport washing projects, not saying this is definitely the case here, but it's a point to keep in mind. When you don't plan to take the company private, it does not make sense to buy anything more than a controlling share, because taking a company private requires you to buy out the other share holders at a premium. At that point you are basically throwing money out the window.
I would be remiss not to include the benefits of going private. Which are that business decisions don't need to be based on profitability for shareholders, save money on unnecessary red tape, flexibility in terms of long term goals instead of yearly profitability, easier access to capital. Which clearly are beneficial for a football club.
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