padzilla
Hipster
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- Oct 31, 2005
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Is this basically Jim buying into the club with a minority share and reinforcing the Glazers' position? isn't this a doomsday scenario?
Yeah, we got this very same Glazers are leaning towards Jim and a meeting will occur in a few days time around 3/4 months ago and that was from Bloomberg as well.Seems SJ and Sir James Arthur Ratcliffe FIChemE are racing in an endless race. Yes there are times Qatar edges ahead, Ratcliffe edges ahead but who cares to be honest. There’s no finish line!
Edit: wtf is that autocorrect!
I am not a cycling fan so I don't know much about the sport, but what little I have read does make one thing clear, the success his team had before ineos takeover and after are very different and not in a good way. F1 really isn't a good barometer as they are a 1/3rd owner and not in control.
Nice I don't have much to say that you didn't except you left out a major problem with nice, they aren't competing with PSG, they are competing with other teams who don't spend as much money as PSG but quite a few also spend a lot less money than Nice have and seem to be finishing in better position. My issue with Nice isn't they dont compete with for the title it is that they can't even finish in top 4 and they definitely are in the top 4 in terms of spending over the years.
Jassim could ofcourse be another Al khelaifi, an idiot with more money than sense, but he gets the benefit of the doubt right now as he is unproven unlike Ratcliffe who has proven he isn't good at it.
Funny how any argument about blood money issues start with owning football clubs, is it because middle east can only buy football clubs and not clolonize you and make you live how they want you to live? Because if you look at the history book even today much of the big territorial problems in the world can be traced back to Britain drawing arbitrary lines after looting those countries for everything had a fact that made you a lot richer and everyone else a lot poorer. Americans and their allies have the Petro dollar and basically spread their form of crony rulership any time anyone in the world has ideas that go against their interests. Blood money is blood money, it's not drastically different if it comes from a Sheikh who believes women shouldn't get basic rights in ME country or a billionaire who helps pay for politicians who will strip it from a western one.
Also I am not defending the Middle East or Israel (don't even know how their shit comes up in this conversation), they aren't good people it's just the hypocrisy of the so called sport washing shit, to me it's like being ok with a bj but drawing a line at sex when it comes to cheating. Just sounds stupid. You are in bed with the devil just accept it and move on. They own your banks, your local grocery stores, places where you live and work, owning a football club is not somehow a sacrilege when they already own your money and what you eat and where you live.
On human rights violation, western companies and workers will always be one of the many profiting from it. You want to talk about the workers who died building qatar's football pr guess who built those stadiums you will find western architects and western project consultants. The war zones and atrocities you mentioned, guess who is backing the ones committing those atrocities and making money from selling the propogators of violence with arms and ammunition. We live where we live, you are an indirect beneficiary of the evils committed by your governments who you elect, just accept it since we can't really change it.
Michael Knighton has been flying below the radar of late. Preparing one last mega bid?
Realistically, this race is not ending until the following two things both happen:Seems SJ and Sir James Arthur Ratcliffe FIChemE are racing in an endless race. Yes there are times Qatar edges ahead, Ratcliffe edges ahead but who cares to be honest. There’s no finish line!
Edit: wtf is that autocorrect!
In fairness, his ability to discern the lines between fiction and reality has always been sketchy, to say the least.He and his consortium had switched their interest to buying Harchester United. Michael was really disappointed to discover they only exist in a 90's TV show.
Solid post and for the Glazers to increase the value of the club from its already inflated value of £5.5 billion current bid, the following would have to happen ;
1. United become consistently successful on the pitch
2. The £1.5 billion paid to the Glazers assuming £1.1bn goes to them and £250m goes to Class A Share holders and £150m into the club for Cashflow.
Where is the money coming to pay off the £1 billion debt, £1 billion to modernise the stadium and £500m to invest in the Squad. The Glazers will have to invest £30m of that £1.1billion this year, the following year and the year after just to prevent serious FFP Fines and Sanctions.
3. At least £250m additional money needs to be invested in modernising Carrington
4. Regular CL football for each of the next three consecutive seasons.
5. Should INEOS take control and Nice finish in the top 3 of French league either United or Nice will not be allowed to play CL as a conflict of interests.
6. United would have to be given their own TV deal to screen every match on their own platform to really increase revenue to the levels that increase the value of the club to £8-10billion
7. They qualify for the club World Cup every 4 years starting in 2025.
8. Domestic and overseas TV rights go up by 30-40% when the new deal is finalised.
Awful lot of if’s and maybe’s however they will not sell to Qatar until they up their bid to £6 billion!
Ah sorry mate, didn't know you were friend's with Howson.You don't know him then? He's actually a sound bloke but does it really matter? I mean, you sound like a complete prick but I wouldn't know with not actually knowing you.
Good apology. 10/10.Ah sorry mate, didn't know you were friend's with Howson.
(He's still a cnut)
And their channel used to be funny, I enjoyed it. But they've become shit Z-List e-celebs and it's gone to their heads. The only bloke I like on there is Andy Tate as he wears his heart on his sleeve. Jay Motty is a cnut who pretends he's a nice bloke (I caught him making a derogatory comment about autistic people once and Joe quickly changed the subject), Howson is a narcissist, McKola is an insufferable prick and Joe thinks he's Ricky Gervais.
Awful bunch of bellwhiffs and their clickbait, takeover "content" is the worst.
They would have sources close to the decision makers to see who is edging it +I wonder how they judge who is in the lead? Do you think Raine have an Own-ometer they update periodically, like Peter Snow on election night?
This is the thing as the £175 million will go straight in the parasites pocket and nothibg will be invested into the club or towards the debt, it’s just yet more free money for the parasites.
We’re light years behind City squad wise and also behind Arsenal and an argument could be made that after this season we’ll be behind Liverpool, Newcastle and Spurs thus meaning we’d be aiming for Europa but it’s believable we could finish behind Villa and Brighton then even miss out on Europa.
As far as facilities go we’re mid table and if we struggle this season and fall out of the CL in the group stages there’s zero money for the parasites to take out let alone invest in infrastructure, I just don’t get why Ratcliffe would do this just to get his foot in the door as the reality is the club he’d potentially take over eventually would be a financial mess and a club fighting for a Europa spot and as a business man surely he sees how bad a business decision it is.
Already the club is working off of a credit card facility for transfers and struggling with FFP due to the debt saddled to the club, once the whole FFP structure changes next year we’d be in an even bigger mess and further behind.
Unless Ratcliffe is coming in and also clearing the debt (which I don’t believe he will seeing as there’s certain tax breaks for debt) absolutely nothing changes as we’re still controlled by the parasites, saddled with huge debt, struggling with FFP, light years behind other clubs in infrastructure, way behind others in the squad and a clear toxic morale throughout the club from the very top to the bottom due to piss poor management.
If the parasites are banking on the Super League being resurrected or the new format of the CL or the World Club Cup or even new television deals they’ll be in for a massive shock as the Super League dead and we won’t be getting anything out of the others due to where we are and will continue to be without a complete reset and restructure which can only occur with a full takeover.
Ah sorry mate, didn't know you were friend's with Howson.
(He's still a cnut)
And their channel used to be funny, I enjoyed it. But they've become shit Z-List e-celebs and it's gone to their heads. The only bloke I like on there is Andy Tate as he wears his heart on his sleeve. Jay Motty is a cnut who pretends he's a nice bloke (I caught him making a derogatory comment about autistic people once and Joe quickly changed the subject), Howson is a narcissist, McKola is an insufferable prick and Joe thinks he's Ricky Gervais. I do like other Joe though, the radio bloke. He's lovely.
Awful bunch of bellwhiffs and their clickbait, takeover "content" is the worst. They've gone from a channel which produced good quality content to a clickbait, BS channel for LIKES & SUBSCRIBES! And don't forget to sign up to Manscape whilst you're there!
United Stand is even worse, horrible platform.
United View is very good - likeable chaps.
Why would he? Why pay 6 when you can get it for 5?What is giving you that belief,personally feel if Jassim was willing to outbid Ratcliffe he would have done that already
I love how many times you came back to add stuff to this postAh sorry mate, didn't know you were friend's with Howson.
(He's still a cnut)
And their channel used to be funny, I enjoyed it. But they've become shit Z-List e-celebs and it's gone to their heads. The only bloke I like on there is Andy Tate as he wears his heart on his sleeve. Jay Motty is a cnut who pretends he's a nice bloke (I caught him making a derogatory comment about autistic people once and Joe quickly changed the subject), Howson is a narcissist, McKola is an insufferable prick and Joe thinks he's Ricky Gervais. I do like other Joe though, the radio bloke. He's lovely.
Awful bunch of bellwhiffs and their clickbait, takeover "content" is the worst. They've gone from a channel which produced good quality content to a clickbait, BS channel for LIKES & SUBSCRIBES! And don't forget to sign up to Manscape whilst you're there!
United Stand is even worse, horrible platform.
United View is very good - likeable chaps.
I agree with everything you said. I believe that Qataris won't up their offer. They don't want to be made a fool of by a grotesque, foul, pathologically greedy American family and drastically overpay. Glazers have overplayed their hand there, I think, if they truly wanted to draw out a "feck off" offer.It is likely that the Bloomberg story is correct. Ineos have been reworking their bid as previously reported and have now landed on something that is palatable to the Class A shareholders and the Glazers, which will pass without legal challenge. Absent their asking price being met, it most likely is true that this offer from Ineos is, as Bloomberg report, the Glazers preferred offer of those currently on the table. Bloomberg are happy to publish, because the story is true.
That covers the substance of what has been published, but not the question of why it was published. The fact that Ratcliffe is now proceedable allows the Glazers/Raine to have another nibble at the Qataris to see if they can make a big full sale offer that meets (or gets a lot closer) to their asking price. That's why this (nevertheless accurate) piece has been published. If the Qataris don't significantly increase their offer, I assume we'll end up with Ineos' 25% deal, but the Glazers are clearly still open to a full sale at the right price.
There was some information from Ratcliffe camp about the debt that their plan was to immediately pay off £200m of the debt but then use the clubs profits to pay off the rest over a 4-5 year period.
However this was if he took control of the club not as a minority owner with a 25% stake so you would assume he would activate this financial level like Barcelona as he increased his controlling share of the club, it would be an absolute Frankenstein deal with all the Goblin’s plus the Rat in charge.
If he’s prepared to sell out the fans and keep the Glazers what else is he prepared too do further down the line!
Each to their own, mate, I respect your choice. Personally, I'm not a fan of the United view and the United Stand is just horribleAh sorry mate, didn't know you were friend's with Howson.
(He's still a cnut)
And their channel used to be funny, I enjoyed it. But they've become shit Z-List e-celebs and it's gone to their heads. The only bloke I like on there is Andy Tate as he wears his heart on his sleeve. Jay Motty is a cnut who pretends he's a nice bloke (I caught him making a derogatory comment about autistic people once and Joe quickly changed the subject), Howson is a narcissist, McKola is an insufferable prick and Joe thinks he's Ricky Gervais. I do like other Joe though, the radio bloke. He's lovely.
Awful bunch of bellwhiffs and their clickbait, takeover "content" is the worst. They've gone from a channel which produced good quality content to a clickbait, BS channel for LIKES & SUBSCRIBES! And don't forget to sign up to Manscape whilst you're there!
United Stand is even worse, horrible platform.
United View is very good - likeable chaps.
I don’t get the boldened bit. If INEOS are only buying a minority of the A class shares, how do they decide which shareholders benefit from the windfall - and the remaining 75% of them will still feel shafted. Personally I can’t see how any deal can be done without buying 100% of the A class shares.It is likely that the Bloomberg story is correct. Ineos have been reworking their bid as previously reported and have now landed on something that is palatable to the Class A shareholders and the Glazers, which will pass without legal challenge. Absent their asking price being met, it most likely is true that this offer from Ineos is, as Bloomberg report, the Glazers preferred offer of those currently on the table. Bloomberg are happy to publish, because the story is true.
That covers the substance of what has been published, but not the question of why it was published. The fact that Ratcliffe is now proceedable allows the Glazers/Raine to have another nibble at the Qataris to see if they can make a big full sale offer that meets (or gets a lot closer) to their asking price. That's why this (nevertheless accurate) piece has been published. If the Qataris don't significantly increase their offer, I assume we'll end up with Ineos' 25% deal, but the Glazers are clearly still open to a full sale at the right price.
Plus couldn't they just buy the Glazers Class A shares too meaning even less for other shareholders? Just seems that its the Glazers profiting from the Class A share side as well as their Class B shares.I don’t get the boldened bit. If INEOS are only buying a minority of the A class shares, how do they decide which shareholders benefit from the windfall - and the remaining 75% of them will still feel shafted. Personally I can’t see how any deal can be done without buying 100% of the A class shares.
Sheikh Hamad, the father of Sheikh Jassim Al Thani, posted on his Instagram account that he received David Solomon, CEO of the American Goldman Sachs Group, at his home.
For your information, Sir Ratcliffe has taken Goldman Sachs as one of the groups advising him on his attempt to buy Manchester United.
Here we go in ArabicWhat does that mean then?
The gentle art of Persuasion? Find out from his banker how well "financed" this new revised offer from Sir Jim is before deciding if it is a paper tiger or a real competitive option.What does that mean then?
Who knows but it’s interesting.What does that mean then?
Top marks for imaginationThe gentle art of Persuasion? Find out from his banker how well "financed" this new revised offer from Sir Jim is before deciding if it is a paper tiger or a real competitive option.
It will be a tender offer, meaning the offer will be made to all Class A shareholders, and if more than 25% of the shares are “tendered” to the buyer, those Class A shareholders who tendered their shares would receive a pro rata portion of the cash….If 100% of the Class A shareholders want to sell, each would end up selling 25% of their shares for cash and keep the 75% of their shares that were not purchasedI don’t get the boldened bit. If INEOS are only buying a minority of the A class shares, how do they decide which shareholders benefit from the windfall - and the remaining 75% of them will still feel shafted. Personally I can’t see how any deal can be done without buying 100% of the A class shares.
Jimmy Rat needs to read the room.
Yeah I don’t see him paying off any of the debt unless he has a guaranteed fixed date and price to buy the club over a certain amount of years in place so he knows him getting rid of the debt is a sound business move but as you said it’s such a slow and lumbering move that it means nothing changes for the club for years by which time we could realistically become a mid table club.
Off hand do you have any idea on if he’s potentially buying 25% of the Class B shares from the parasites or if it would be 12.5% of the Class B shares and also 12.5% of the Class A shares to keep the Class A shareholders happy ? If it’s 25% of the Class B shares would that not make him the majority single shareholder ? As none of the parasites own more than 20% themselves personally do they ?
You’d like to think that being a businessman he wouldn’t risk the clubs future on future income by levers like Barcelona did as they’re still in a shocking state financially from what I last read, I am just hoping that this is the final Hail Mary from the parasites to get Qatar to pay the £6 billion as like I said the Ratcliffe deal benefits no one at all short term or long term.
Spot on that’s how it would work but like I said would leave the Glazers open to a potential hostile takeover further down the line, especially if the contract is not airtight and this will be a very different contract from a normal M&A deal,It will be a tender offer, meaning the offer will be made to all Class A shareholders, and if more than 25% of the shares are “tendered” to the buyer, those Class A shareholders who tendered their shares would receive a pro rata portion of the cash….If 100% of the Class A shareholders want to sell, each would end up selling 25% of their shares for cash and keep the 75% of their shares that were not purchased
Exactly Swedish rumble posts is worth a read on this he basically says the same,
Ratcliffe is investing £1.5 bn for 25% of the club, that means he buys 25% of the 69% 113m class B shares at say $40 that’s $1.13 billion then he agrees to buy some of the Glazers A Shares they own 6.9m from 54m I believe that’s about 12.77% then he agrees to buy 12.23% of the other class A shares providing they will sell having lost a potential windfall from SJ but let’s run through it hypothetically, that 6.6m which will not make the A class shareholders happy at all. This is a total of 13.5m class a shares again at $40 = $540m that’s a total of $1.653 billion which is £1.350 billion plus he then gives them a £150 million pre payment on an airtight contract that guarantees he takes over the club providing he meets their valuation, basically giving them everything they’ve always wanted.
Here’s the problem, currently Man United can not even do a loan deal in January and INEOS will be making that £150m only available to pay off the credit card facility set up for the summers transfers, this is a terrible scenario for the club and I believe SJRatcliffe would be hated befire he started just for keeping them on and giving in to their every wish.
What id like to see happen is SJ/92 Foundation go in with a ridiculous £6.5-7bn bid but only give them 1 hour to accept this bid having received an offer by telegram then ask them to return within the hour by using the old Trafford Fax for the incoming answer of yes to say it arrived to late and now they are completely pulling out of the bidding process for the club, that my fellow united fans is what the Glazer Vermin deserve !!
We’ve been down this road before and he’s not wining because all of the fans lose since the Glazers will stay and Jimmy the man, can’t even decide what toilet paper united can buy next month but Joel and Avram can keep buying the F..K Y.U toilet paper that we all keep wiping our ass withJimmy's about to win, while Jassim and his daddy can stay in the room and read it all they want.
Ok very simply this is no longer a M&A deal so there is no premium payment required needed to take control or pay the Glazers to F…Off as they are now staying, this is purely a minority investment, the worst kind that means that the Glazers stay in charge, it’s no different to what they did previously when they sold shares to raise cash!So a couple of weeks back, you were insistent The Glazers wanted "£6 billion to sell their 69% controlling stake and relinquish complete control", meaning "The cost to buy 100% of United is £7.3 to 7.4 billion pounds."....
https://www.redcafe.net/threads/club-sale-no-significant-recent-updates.474085/post-31177531
Yet, you are saying now...
"that means he buys 25% of the 69% 113m class B shares at say $40 that’s $1.13 billion"
$1.13 billion is £1.06 for 25% of class b, as you say. That makes their class B shares worth a total of £4.24 billion.
Why the massive discount?