Club Sale | It’s done!

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Regarding whether the Glazers would reinvest that money into the club: I know they haven't put a penny in prior to this, but couldn't they invest that money back into the club with the certain knowledge that they'd recoup that amount in 2-3 years when they sell completely and for a higher sum? Regardless of pitch performance for the next couple of years, the club's value will likely still go up. If they're eyeing a $10bn valuation in 2026, wouldn't it make sense for them to invest the money in the club and get a big return on it a couple years down the line?
Glazer kids having some sense is a giant leap of faith.
 
If the Glazers have upped the price to £7b, how much are they going to want in 2026 for the remaining shares?

It’s not making sense. Jimmy said he wouldn’t it pay “stupid money” but “yesterdays price is not todays price” so I’d assume the price will go up the longer he waits to acquire the rest of the shares.

Also, imagine selling shares in your club and then the buyer tells you what to do with the money? That’s not happening. Glazers won’t put any money into the club. What’s the point of selling if they have to invest. May as well refinance the existing debt and keep full control.
Also class A shares aren’t selling to Jim for a worse price that Qatar are presently offering. Why would anybody sell shares if the story of a path to a full takeover is true? Who is stupid enough to do that before 2026 and then he’ll be in the exact same position as he is now? How can you even plan a path to a full takeover that has any legal standing for the 1.5b he’d spend now since class A shares have killed his bid so badly that he’s falling back to this?
 
SJ bid is still better overall but he will need to go near to £6bn now to seal the deal ?
Whats saying he's not and this is Jims last ditch attempt? There was rumours and reports that SJ would be willing to increase his bid, maybe it's been done in private and this is Jim saying he's done?
I really don't know
 
Regarding whether the Glazers would reinvest that money into the club: I know they haven't put a penny in prior to this, but couldn't they invest that money back into the club with the certain knowledge that they'd recoup that amount in 2-3 years when they sell completely and for a higher sum? Regardless of pitch performance for the next couple of years, the club's value will likely still go up. If they're eyeing a $10bn valuation in 2026, wouldn't it make sense for them to invest the money in the club and get a big return on it a couple years down the line?
This is what I am thinking a bit too. The argument the Glazers will put nothing back in defeats the point they were looking for investment in the first place. I expect they might be attempting to force such a premium over their own 'realistic' valuation that they can invest the premium and keep the rest for themselves. This preserves / helps to preserve the value of their remaining shares to keep them up to this holy grail valuation in the future. It's not great if so, but there is a logic and Jim is helping them to do it potentially
 
Oh no, he still wants to buy the club but it would take him 2-3 years to acquire full control in an even more complexed Put and. Call plus a tender offer.

If Ratcliffe succeeds, he’s DOA even if he takes control as 74/75 year old man in 3 years time. I can genuinely see the fans going crazy if this happens ?

I've read a few of your posts and you seem clued up on this stuff. What's his aim here? Surely it makes more financial sense to put up the money now and control the club from day one?

Excuse my ignorance on the subject
 
This is what I am thinking a bit too. The argument the Glazers will put nothing back in defeats the point they were looking for investment in the first place. I expect they might be attempting to force such a premium over their own 'realistic' valuation that they can invest the premium and keep the rest for themselves. This preserves / helps to preserve the value of their remaining shares to keep them up to this holy grail valuation in the future. It's not great if so, but there is a logic and Jim is helping them to do it potentially
So you think after 10 years of absolutely no investment out of their own pocket, they're now going to get £1.5b and plough it all into the club? I really don't think thats going to happen. They'd pocket the money and just rely and hope that ETH can turn the fortunes round on the pitch
 
So you think after 10 years of absolutely no investment out of their own pocket, they're now going to get £1.5b and plough it all into the club? I really don't think thats going to happen. They'd pocket the money and just rely and hope that ETH can turn the fortunes round on the pitch
They will probably say they haven't invested in the club because they keep having to pay off managers.
 
So you think after 10 years of absolutely no investment out of their own pocket, they're now going to get £1.5b and plough it all into the club? I really don't think thats going to happen. They'd pocket the money and just rely and hope that ETH can turn the fortunes round on the pitch
No, thats not what I said. They might realistically want 1.2, but force the price to 1.5 so they can invest the 0.3 difference. I'm not saying it's good, but they must realise investment is needed, they'd have to be blind not to, and there is a reason they started this process.
 
They will probably say they haven't invested in the club because they keep having to pay off managers.
Yeah that's probably true haha. Nothing to do with them being leeches and incompetent on epic levels. Thats the thing with the Glazers, they really don't seem to have any moral values, they just leech until they can't take anymore then start making excuses and search for more money so they can continue leeching
 
No, thats not what I said. They might realistically want 1.2, but force the price to 1.5 so they can invest the 0.3 difference. I'm not saying it's good, but they must realise investment is needed, they'd have to be blind not to, and there is a reason they started this process.
Didn't this whole process start after Ronaldo left and basically exposed them to Piers Morgan? I could be wrong but it seems like this whole thing kicked off after that interview.

But no, the Glazers think of the Glazers, they don't care about Manchester United, they never have. We're a status symbol to them, nothing more, nothing less. If they ask for £1.5b, they'll take £1.5b and pocket it for themselves. The club won't see anything at all, that much is pretty much certain in my opinion
 
Believe it. It’s still basically a sell that fecks over A class share holders. Qatar could simply outbid them in 2026 and it’s the exact same situation as it is now. There is no plan that has Jim buy the club that doesn’t have the exact same problems he has now. He just has to outbid Qatar and that’s impossible

If the Qatari bid was good enough INEOS wouldn’t even be trying, there’s no way they are bidding to just be a shareholder. Any bid will be to assume control at some point as that’s what they’ve always wanted.

The biggest problem still is and always has been satisfying the Glazers, the other issues are insignificant in comparison.
 
If the Qatari bid was good enough INEOS wouldn’t even be trying, there’s no way they are bidding to just be a shareholder. Any bid will be to assume control at some point as that’s what they’ve always wanted.

The biggest problem still is and always has been satisfying the Glazers, the other issues are insignificant in comparison.
It's silence from the Qatari side, how do we know they've not upped their bid? They're under no obligation to make it public that they've done so. This could be Jims reaction to a bigger bid going in knowing that he can't match it so this is his last roll of the dice to try and get the Glazers on side?
 
This is what I am thinking a bit too. The argument the Glazers will put nothing back in defeats the point they were looking for investment in the first place. I expect they might be attempting to force such a premium over their own 'realistic' valuation that they can invest the premium and keep the rest for themselves. This preserves / helps to preserve the value of their remaining shares to keep them up to this holy grail valuation in the future. It's not great if so, but there is a logic and Jim is helping them to do it potentially
But if the rise in value happens and it only covers what they spent then why not sell to Qatar now without any of the hassle and risk? What if the price doesn’t rise? Why not go with minority investment that would allow them to keep their sale money and have those investors actually invest for that very same reason?
If Sir Jim doesn’t invest or somehow tells the Glazers what to do with their money when they sell their shares then it’s simply dead in the water
 
Why? Happens all the time.

1. Why would INEOS invest billions into a serially mismanaged, high-risk asset that can make them some money in a decade when they can literally invest into so many other things (be that within sports or not) that is way more likely to return a profit and isn't such a complex process. Them missing out on United is not a financial tragedy, if anything, it is avoiding huge risk.

2. INEOS have reportedly indicated that the Glazers still having a say is a no-go. If they buy let's say 25% now with the view of a full takeover in 3 years, that's basically them achieving their goal because they likely don't view the takeover possible as of now. It's also possible that this change in their bid is something they wouldn't do if the Glazers didn't tell them that this would be something they'd likely accept.
 
This would have been done had he not restructured his bided and agreed to keep the Glazers in the mix in sone kind of Frankenstein format.

Reality of a proposed summary of this hypothetical bid of £1.5bn, that’s for 25% of their 69% shares which they want £6 billion which would theoretically be more than what SJ has offered for 25%. In his 100% bid!

The Glazers own 113 million class B shares So INEOS would own 28.25 million of these class B shares and pay £1.5 billion, potentially having an agreement with the remaining Glazers that he would take full control by 2025/26 season and some of that money paid for this share allocation as existing class B status would mean that the Glazers have to settle a proportion of the debt say £200-250m so the six siblings potentially get £250m each now with the potential for much more in 2-3 years.

It also means that the other £1.3 billion that INEOS had lined up is available to buy out the major Class A Shares like Ariel investment, Lindsell Train, Senvest Management, Matathon Asset Management, Massachusetts Financial services. These Hedge funds own approximately 75% of the 50 million class A Shares,


Let’s assume this is 37 million shares and INEOS offer the same rumoured of $38 per share that SJ/92 Foundation were proposing that’s a total of $1.406 billion or £1.16 billion and this would prevent them from taking legal action against INEOS and the Goblins.


The remaining A class share holders would not be able to do anything and the club shares format and owner structure would now look like this;

The Glazers Class B Shares - 44%
INEOS - Class B Shares 25%
Public Minority Class A shares - 2 9%
The Glazers Class A Shares 5.6%
INEOS - Class A shares - 22.5%

This would not give Jimmy Brexit any authority or power, just a positional chip to pounce later on and a position on the board, he may even want the chairmen of the board title however, which might be part of the agreement, the Glazers could block any of his decisions if they wanted too but probably wouldn’t as they want the rest of their money in 2-3 years.

It’s either a desperate move by someone who knows they are losing or he’s been completely in bed with the Glazers and is rightly considers the 7th Glazer and has been all along!

Only time will tell ?

James Rhodes, who has got a lot of his information from the INEOS side has posted this.

https://x.com/Muppetiers/status/1708901747043815749?s=20

He has never been negative about INEOS or the 92 Foundation ( he just wants the Galzers out). But this is the first time he has said something bad about their involvement in this process.

Rhodes is possibly thinking along the lines of yourself here?
 
If this is true, then it's still a great outcome. I don't see the point of a minority investment without any plans to acquire more shares in the future.

How the fvck would those goblins staying on in any capacity be a ‘great outcome’ ? It’d be an absolute disaster and it beggars belief that any Utd fan would be happy with this.
 
Believe it. It’s still basically a sell that fecks over A class share holders. Qatar could simply outbid them in 2026 and it’s the exact same situation as it is now. There is no plan that has Jim buy the club that doesn’t have the exact same problems he has now. He just has to outbid Qatar and that’s impossible
Everyone keeps saying that but why haven't they yet. Its not like the bidding process started a week ago, its been going on for more than a year. I'm starting to think people are just saying that in hope rather than with any belief.
 
If the Qatari bid was good enough INEOS wouldn’t even be trying, there’s no way they are bidding to just be a shareholder. Any bid will be to assume control at some point as that’s what they’ve always wanted.

The biggest problem still is and always has been satisfying the Glazers, the other issues are insignificant in comparison.
But that doesn’t make sense. All Qatar has to be is better than Sir Jim’s bid. If Glazers don’t sell then they don’t sell. The future isn’t some murky other world where all the problems Jim has today in his takeover goes away. You can’t sidestep those problems by saying well we will just buy you out in 2026 then. If there was a road to do that he would be doing that now.
 
1. Why would INEOS invest billions into a serially mismanaged, high-risk asset that can make them some money in a decade when they can literally invest into so many other things (be that within sports or not) that is way more likely to return a profit and isn't such a complex process. Them missing out on United is not a financial tragedy, if anything, it is avoiding huge risk.

2. INEOS have reportedly indicated that the Glazers still having a say is a no-go. If they buy let's say 25% now with the view of a full takeover in 3 years, that's basically them achieving their goal because they likely don't view the takeover possible as of now. It's also possible that this change in their bid is something they wouldn't do if the Glazers didn't tell them that this would be something they'd likely accept.
So if this is something that the Glazers would accept, why are they only considering it?
Why haven't they done it? It seems to me like this something they're doing to try persuade the Glazers to choose them. Obviously none of us have any idea of whats actually going on, but none of this makes any sense at all.
 
So you would rather see Manchester United not exist? Give your head a wobble mate.

Tough question, but probably, yes. A top 3 biggest club in the world owned by a despotic regime is pretty close to the death of football for me, anyways.
 
It's silence from the Qatari side, how do we know they've not upped their bid? They're under no obligation to make it public that they've done so. This could be Jims reaction to a bigger bid going in knowing that he can't match it so this is his last roll of the dice to try and get the Glazers on side?

If the Glazers have a much bigger bid why would they sell a smaller percentage at a lesser price?. It’s a pretty pointless roll of the dice from INEOS and is bad publicity for them.
 
If the other 4 rats want to sell up but it’s Joel and Avram wanting to stay, why would they take part now and part in 3 years with a risk it doesn’t increase in value? It would need complete board approval and we’ve already seen they can’t decide what day it is let alone what to do collectively with their shares
 
If the Glazers have a much bigger bid why would they sell a smaller percentage at a lesser price?. It’s a pretty pointless roll of the dice from INEOS and is bad publicity for them.
How do we know they want to sell a smaller percentage at a lesser price? We have no proof that this is something that the Glazers have suggested? We have no idea whats going on. This could very well be INEOS trying one last time to persuade the Glazers to sell to them? We don't know whats going on with the Qatar bid, all we can safely say is the Qatari's aren't people who would likely want to be seen as being rejected by the Glazers, they'd pull out long before and pin the blame on them
 
Everyone keeps saying that but why haven't they yet. Its not like the bidding process started a week ago, its been going on for more than a year. I'm starting to think people are just saying that in hope rather than with any belief.
But they have outbid Sir Jim? Not even outbid but better than that. simply been the only legal option as a takeover.
The class A shares aren’t allowing Jim’s Glazers only offer to continue, Qatar have already done it, they’ve fecked both Jim and the Glazers plan. In 2026 he has the same problem in a takeover, he has to have a better offer than Qatar for the Class A shares and that’s not something he can agree to with Glazers alone.
 
Don’t know what’s worse. This news about Jim ready to become a Glazer yes man puppet or our performances on the pitch.

What a mess of a club :rolleyes:
 
Everyone keeps saying that but why haven't they yet. Its not like the bidding process started a week ago, its been going on for more than a year. I'm starting to think people are just saying that in hope rather than with any belief.
Because they don’t want to be held to ransom by some tinpot, dirty Florida Family. If Qatar fail to buy Man Utd, it is not the end of the word for them. They will simply pivot to another club. That’s what Saudi Arabia did, they wanted to buy Man Utd back in 2019, but they switched to Newcastle for a fraction of the price and look how well it’s going

Qatar are doing the right thing, they will also be held to ransom on future business deals they do, such as property if they simply go and pay £6 Billion for such a overpriced asset such as Man Utd

Nine Two Foundation have stuck by their principles from the start. They said no “reckless bidding” from the start and they are abiding by that. Also they have said it is a private bid with private funding with acceptance from the State. That’s different to a state deal with unlimited state money where they HAVE to do a deal
 
But that doesn’t make sense. All Qatar has to be is better than Sir Jim’s bid. If Glazers don’t sell then they don’t sell. The future isn’t some murky other world where all the problems Jim has today in his takeover goes away. You can’t sidestep those problems by saying well we will just buy you out in 2026 then. If there was a road to do that he would be doing that now.

The problem is getting the Glazers to sell, Qatar haven’t been able to do that. People are so desperate for Qatar to win they can’t see past it. Whoever appeases the Glazers will win, that’s the first and biggest hurdle. They’ll be ways around a lot of the other issues.

A lot of the speculation is already that this bid is still part of wanting control and not a minority shareholding because it doesn’t make sense otherwise.
 
I don't really see this as good news? A very expensive plaster on a massive shotgun wound.

It’s not, It’s terrible news. Worst case scenario type stuff. The only potential upside to this bid is it twists Sheikh Jassim’s arm and forces him to up his offer if he doesn’t want to risk missing out.
 
Anything that keeps the Glazers part of the decision-making process at the club is beyond awful.
 
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