Club Sale | It’s done!

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Isn't Sir Jim also buying through a leveraged buyout like the Glazers did, that will continue to saddle us with debt?
 
Basically Sir Ineos, will eventually take over the club, but will be mainly backed by creditors and banks, so the debt will still be there and still pile on.
 
Nogbadthebad said:
The money he uses to buy the shares goes straigt to the glazers.

Amd not a penny will be seen inthe club. They have owned us for 20 years, and never put so much as a penny into the club, they won't start now.

This is the worst of all worlds.
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Nail. Head.
 
Unbelievable news. Only way to get the Glazers out is in the pocket. Mass boycott.
 
hasanejaz88 said:
Isn't Sir Jim also buying through a leveraged buyout like the Glazers did, that will continue to saddle is right debt?
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They mentioned that debt will be on Ineos i think but reporting on this process has been quite sketchy.

Amazing isnt it, no fan forum has even been consulted on how the club is being sold. This after they wanted fan involvement. Not even a presentation of what the plan of Ineos is for Manutd
 
C'est Moi Cantona said:
How does them pocketing the money solve any of the problems at the club? Which is why they were looking for outside investment in the first place.
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You really think they give a rats arse about the club? They’ve shown nothing in the last 18 years to say they do. They’ll do the absolute bare minimum to keep the club ticking over before eventually fecking off in a few years with a huge profit, leaving us in the hands of Jimmy Brexit and his track record leaves a lot to be desired.
 
pratyush_utd said:
They mentioned that debt will be on Ineos i think but reporting on this process has been quite sketchy.

Amazing isnt it, no fan forum has even been consulted on how the club is being sold. This after they wanted fan involvement. Not even a presentation of what the plan of Ineos is for Manutd
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So is it the present debt that gets lumped onto Ineos. What if we borrow to improve all the facilities.
 
pratyush_utd said:
They mentioned that debt will be on Ineos i think but reporting on this process has been quite sketchy.

Amazing isnt it, no fan forum has even been consulted on how the club is being sold. This after they wanted fan involvement. Not even a presentation of what the plan of Ineos is for Manutd
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they wanted nothing of the sort, that was just to get them off the hook for the superleague. and it worked
 
Well I was right something was about to happen.

If Ratcliffe can't rest control, I need to find some West Ham fans and see what theor experience is like. That is the level we are headed.
 
Terrible outcome. I'd be fine if it was a full Ratcliffe takeover but this minority stake business is just depressing.
 
JediSith said:
All rival fans are celebrating this as if their team won the league.
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No they aren’t. We haven’t been relevant since 2013. It’s not like this is Man City getting bought by the Glazers.
 
Final nail in the coffin of what was a once wonderful football club.

I'm glad I got to witness United winning major honours in my life already as its never happening again.
 
putzmcgee123 said:
I am thinking it makes little sense for Jassim to announce his withdrawal unless a deal with INEOS is imminent, trying to save face.

Sick to my stomach the deal is just 25% now with nothing but hope for a future complete takeover. There needs to be something defined and binding in there or this is just unacceptable for fans. Glazers and investors would pocket the money, and INEOS will not be as motivated to invest big money when they only have a 25% stake.

It will be interesting to see if the investment funds are satisfied with this (potential) deal with INEOS. They stood to gain a huge return immediately from Jassim's reported offer. Questions will undoubtedly be asked of the Glazers and the Board on how exactly they plan to increase shareholder value in a way that exceeds that offer.
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It does feel right now that the glazer’s have not only robbed us of the recent past and present but the future too.

Optics are essential in business so they need to announce huge plans now. Otherwise they are as bad at business as we think they are.

People give them credit for holding to a valuation yet they’ve failed us as a club in every single area while kicking out the Premier League became a run away success.

Zero of that was down to us or the glazers. Hence why other English clubs have overtaken us now. It’s a shambles all of it.

United is too big to fail fortunately for us fans but owners like the Glazer’s fold smaller clubs. I still don’t understand why a debt free club would take on almost a billion in debt… It’s insanity.
 
El Zoido said:
I reckon people who think Inoes/Radcliffe will be much of an improvement over the Glazers are going to be in for a bit of a shock.
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Radcliffe's bid is for just 25% of the club the Glaziers will still call the shots, he already owns 2 clubs what have they won NOTHING, are they making waves in France and Switzerland NO, why?

Ineos which was formed by Sir Jim Ratcliffe, previously a director of the U.S. private equity group Advent International, private equity is about one thing making money with no care for how or the consequences, Ineos has a very poor record on industrial relations and its alleged an ever worse environmental record.

Facilities owned by the massive chemical corporation Ineos are responsible for scores of serious health and safety violations across the globe, a troubling record that should move United Kingdom leaders to slam the brakes on the company’s push to begin fracking in the United Kingdom. Ineos has never drilled a commercial gas or oil well, and its indifferent safety record in chemical plants justifies blocking its foray into fracking.

A new issue brief from Food & Water Watch and Food & Water Europe examines Ineos plants in the UK, and across Europe and the United States. The company’s 71 facilities in 18 countries are responsible for a vast array of accidents, chemical leaks, fires and explosions, and substantial air and climate pollution.

“From towering chemical fires in Germany to toxic air pollution in Scotland and plastic pellets littering our oceans, Ineos’s safety record is appalling,” said Wenonah Hauter, executive director of Food & Water Watch.
 
Idxomer said:
And then you begin to worry about whether his children have any interest or experience in football. It could be the Glazers all over again with just fewer kids.
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It will be another Glazer family situation for sure as INEOS is a private company.
 
Teja said:
Terrible outcome. I'd be fine if it was a full Ratcliffe takeover but this minority stake business is just depressing.
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So we get 25% of Manchester back in Manchester United? Wonder which quarter it will be. Altrincham, Sale, Urmston, Flixton, Wythenshawe?
 
ShinjiNinja26 said:
You really think they give a rats arse about the club? They’ve shown nothing in the last 18 years to say they do. They’ll do the absolute bare minimum to keep the club ticking over before eventually fecking off in a few years with a huge profit, leaving us in the hands of Jimmy Brexit and his track record leaves a lot to be desired.
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I think Ratcliffe cares about where his money is going, and what is happening at the club before he takes over fully.

People ridicule others for not thinking the Glazers are just going to pocket all this money, and then Ratcliffe will have no input as he's a minority shareholder, the believing the opposite is surely far more laughable.
 
Shit - im really hoping this is a ploy to draw out a conclusion to the process……otherwise it’s more of the same for the next few years
 
I never wanted Qatar from the start, no nation should be allowed to own a football club so im happy.I don't believe for 1 minute INEOS don't want full control eventually this is their way in.

At least we now know something, Itll be interesting to see what happens in the next couple of weeks.
 
L1nk said:
It’s more akin to saying hey I have these trainers, maybe officially they are worth 20 pound, but they are one of a kind and they are an opportunity that don’t come on the market often, i want 50 please. You say, i’ll give you 40, they say no we want 50, and you say okay how about 42 with the promise i’ll clean the trainers after i’ve bought them, knowing full well you could easily stump up the remaining 8 to get to 50 too. They say no again and so you say well i’m not buying them then!!

Again, Glazers greed aside, that’s a more apt comparison
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In all honesty it’s the truth and all those getting angry at the Glazers. Get angry at Qatar. They are the Time wasters trying to low ball.
 
Attila said:
Well we aren’t going to competing with City anytime soon.

Deflated
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People really just wanted us to become another big oil machine competing with City’s oil machine? Is that really what you wanted from us and English football to be? Very very sad.
 
DomesticTadpole said:
That's what I would like to know. If the Glazers out vote him on any suggestions, then what is the fecking point.
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It seems very 'up in the air' with this bid, needs clarity on plenty of major points.

There was a fans forum with the club recently but I never saw anything on here, guessing it was the usual spiel from the club and Arnold backing his buddies.
 
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