Club Sale | It’s done!

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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!

Sounds like a lot of fun tbh.
 
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.

I get his plan I'm not saying he ought to go toe toe with Jassim but buying the class shares and allowing the Glazers a minority stake...seems to be the best way out if he's desperate enough to buy United.
 
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.
But he gets the club!
 
I get his plan I'm not saying he ought to go toe toe with Jassim but buying the class shares and allowing the Glazers a minority stake...seems to be the best way out if he's desperate enough to buy United.
Because he offered more to the Glazers at a huge premium since he had no interest in class A shares nor buying out two Glazers. Now he’s valued the entire club at that inflated price and fecked himself
 
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 find it odd how so many United fans would want our financials hidden away given the interest we have all had in them for many years.

As well as the reactions we get to any time City announce their finances it doesn't really add up (much like like Citys accounts).

It's also definitely the case, probably.
 
When it is put forward as fact, yes. There's millions of Brits living abroad, especially very wealthy ones. All I'm saying is there might be more to it than simply avoiding tax, it is a very nice part of the world where he lives after all.
:lol:

You poor innocent child.
 
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.
He has enough asset to use as collateral if needed. And he's using a company, Ineos. I don't think money per se is an issue here. It's just that he's a business man and thinks rationally before making a move.
 
I get his plan I'm not saying he ought to go toe toe with Jassim but buying the class shares and allowing the Glazers a minority stake...seems to be the best way out if he's desperate enough to buy United.
This could go on forever.

The decision is not now, simply, in the Glazer's hands. The sale/equity consultation is a company (United) consideration.

If the Glazers say we will go with Sir Jim and Sir Jim has an acceptable premium for the Class A shareholders then all Jassim needs to do is canvas the Class A shareholders and offer more to that group who then raise the new offer to the baord.

The board are then compelled to consider the best interest of all shareholders (not just the largest) and we start again.
 
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.

A prospect that will have m'learned friends sharpening their quills already.
 
I find it odd how so many United fans would want our financials hidden away given the interest we have all had in them for many years.

As well as the reactions we get to any time City announce their finances it doesn't really add up (much like like Citys accounts).

It's also definitely the case, probably.
Isn't Ineos completely private. You think they are fudging their accounts?

Edit: also it's not like we were always a PLC. It's funny how some on here are intrigued by a football club being a privately owned entity when that is the norm rather than an exception.
 
Especially the poster you quoted.

Having watched the numerous pile ons by those favouring Qatar on any poster who posts something they take particular offence to or misunderstand I think myself and others are actually very polite in general.

But I'll start using my P's and Q's going forward if that helps.
 


Michael Lindsell (UK based company) is the biggest class A shares owner. He is the one who is threatening to sue the Glazers if they decide to sell to Jim. If SJ fails, Lindsell will miss out on huge profit. Ariel investment (US based) the second largest class A shares holders.

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.

Agree. This tweet is probably the single most revealing post since November…

We now KNOW that the Glazers want to go with Ratcliffe, and they want it to the point of this guy posting this message.

I think it’s pretty clear at this point that the hold up, ETH’s most important window and essentially the future of the club is all down to the Glazers and Ratcliffe trying to get a dodgy, complicated, messy deal through the cracks.

A deal that allows the two spoiled leeches to have their cake and eat it and for Ratcliffe to ‘have a football club to talk to his mates about at the pub’ or whatever garbage he came out with.

Before they’ve even got the deal through fans and the manager of Utd are suffering because of it. But that’s ok, Utd can suffer because these ‘important old men’ need to get what they want.

3 crooks.
 
Isn't Ineos completely private. You think they are fudging their accounts?

Edit: also it's not like we were always a PLC. It's funny how some on here are intrigued by a football club being a privately owned entity when that is the norm rather than an exception.

They well could be.

As United fans we've sort of got used to being able to see whether or not the club is being shafted so it's just odd in my opinion.
 
Agree. This tweet is probably the single most revealing post since November…

We now KNOW that the Glazers want to go with Ratcliffe, and they want it to the point of this guy posting this message.

I think it’s pretty clear at this point that the hold up, ETH’s most important window and essentially the future of the club is all down to the Glazers and Ratcliffe trying to get a dodgy, complicated, messy deal through the cracks.

A deal that allows the two spoiled leeches to have their cake and eat it and for Ratcliffe to ‘have a football club to talk to his mates about at the pub’ or whatever garbage he came out with.

Before they’ve even got the deal through fans and the manager of Utd are suffering because of it. But that’s ok, Utd can suffer because these ‘important old men’ need to get what they want.

3 crooks.

I think it's more a case of putting the two bidders up against each other so that they get the most money possible out of it. I honestly don't think they care about who ends up buying the club, or has a preferred bid. This might hit the 7bn mark by the time we are done, and eventually get sold to the Qataris.
 
Agree. This tweet is probably the single most revealing post since November…

We now KNOW that the Glazers want to go with Ratcliffe, and they want it to the point of this guy posting this message.

I think it’s pretty clear at this point that the hold up, ETH’s most important window and essentially the future of the club is all down to the Glazers and Ratcliffe trying to get a dodgy, complicated, messy deal through the cracks.

A deal that allows the two spoiled leeches to have their cake and eat it and for Ratcliffe to ‘have a football club to talk to his mates about at the pub’ or whatever garbage he came out with.

Before they’ve even got the deal through fans and the manager of Utd are suffering because of it. But that’s ok, Utd can suffer because these ‘important old men’ need to get what they want.

3 crooks.
Some of the Glazers.
 
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)
Thanks for the explanation and it serves the greedy feckers right if it's Cayman Island Law that eventually forces their hand.
 
They well could be.

As United fans we've sort of got used to being able to see whether or not the club is being shafted so it's just odd in my opinion.
I have not seen people saying they prefer Jassim's bid because he wants to take the club private. It's more a case of him completely kicking the Glazers out from day 1 that is the biggest draw.

What's more odd is that pro-Jim posters are now comfortable with the Glazers continuing in some capacity while earlier it was always "Glazers out" and not "keep them with limited power".
 
I have not seen people saying they prefer Jassim's bid because he wants to take the club private. It's more a case of him completely kicking the Glazers out from day 1 that is the biggest draw.

What's more odd is that pro-Jim posters are now comfortable with the Glazers continuing in some capacity while earlier it was always "Glazers out" and not "keep them with limited power".

Not said they prefer it, just that it's a consequence of it.

To answer your concerns, it's more about being against State ownership than anything else. Personally I hope one day, whatever the consequences for United of the Qataris unfortunately take over, or any other club with State owners, that the footballing authorities grow a backbone and remove them from the game. Or, as is probably more likely (though still unlikely), governments get involved and enforce it.

State ownership is the enemy above all else in football right now.
 
A prospect that will have m'learned friends sharpening their quills already.

Oh yeah - though I can imagine it's going to be quite hard to win that one for the Class A shareholders. It's more about the threat
 
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.

It's probably a lot easier to do dodgy stuff like get a bogus inflated sponsorship deal with the hidden owner's corrupt business partner to get round financial fair play. Not mentioning any names....
 
Not said they prefer it, just that it's a consequence of it.

To answer your concerns, it's more about being against State ownership than anything else. Personally I hope one day, whatever the consequences for United of the Qataris unfortunately take over, or any other club with State owners, that the footballing authorities grow a backbone and remove them from the game. Or, as is probably more likely (though still unlikely), governments get involved and enforce it.

State ownership is the enemy above all else in football right now.
If Jim comes in confirming that he will kick Glazers out immediately, remove all our debt, ensure not putting debt on us because of this takeover, help us with stadium/training ground renovations, and put in a proper football structure (not putting his brother in charge or some cycling guy), then a lot of people would be totally be on board with him owning us.

However, he is not promising any of that and the only other option right now is Qatar. So people are opting for the less shitty option (there aren't any good ones around either).
 
I think it's more a case of putting the two bidders up against each other so that they get the most money possible out of it. I honestly don't think they care about who ends up buying the club, or has a preferred bid. This might hit the 7bn mark by the time we are done, and eventually get sold to the Qataris.

I think there's more to it than that. J&A see that if they hold their shares as a minority holding with a solid right to sell later while someone else makes the investment then the shares will massively increase in value. It's a good ploy in theory if they aren't in a rush or up to their eyes in personal debt. From INEOS point of view they are leveraging the purchase with future money, loans and Class A shareholder losses. It's flakey as fek. In the end I think Qatar will get the club but it's by no means certain.
 
It's probably a lot easier to do dodgy stuff like get a bogus inflated sponsorship deal with the hidden owner's corrupt business partner to get round financial fair play. Not mentioning any names....
Plenty of public companies go from public to private, in fact plenty of founders opt to take their companies off the stock market.

This is especially useful for a football club in such a competitive environment where we need quick and decisive action to get the best players and not waiting on some Florida moron to finish his lunchtime cocktail, just so he can ask a dumb question about the price when others like Liverpool conclude their business in double-quick time.

If you want to enact change, private ownership makes sense and you trying to spin all the reasons as dodgy sponsorship (although certainly a possibility) is completely disingenuous.
 
Agree. This tweet is probably the single most revealing post since November…

We now KNOW that the Glazers want to go with Ratcliffe, and they want it to the point of this guy posting this message.

I think it’s pretty clear at this point that the hold up, ETH’s most important window and essentially the future of the club is all down to the Glazers and Ratcliffe trying to get a dodgy, complicated, messy deal through the cracks.

A deal that allows the two spoiled leeches to have their cake and eat it and for Ratcliffe to ‘have a football club to talk to his mates about at the pub’ or whatever garbage he came out with.

Before they’ve even got the deal through fans and the manager of Utd are suffering because of it. But that’s ok, Utd can suffer because these ‘important old men’ need to get what they want.

3 crooks.

It's a very negative take. I want to belie that Joel & Avram want to stay and rest of the siblings want full sale.
I have nothing against Sir Jim. I admire his wit in the attempt to beat Qatar. I feel full ownership (whoever is the owner) will be much better for United.
 
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.

Arsenal are something of an anomaly amongst Kroenke’s sports teams:

LA Rams - 2022 Super Bowl champions
Colorado Avalanche - 2022 Stanley Cup champions
Denver Nuggets - 2023 NBA Champions

Granted their MLS team are a bit shit, the Rapids last won in 2010.

Hopefully Arsenal don’t follow the trend of recent success there.
 
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