Says Ratcliffe wants sporting control but makes no mention of how this would be guaranteed. Sounds the equivalent of a gentleman's agreement
Club Sale | It’s done!
- Thread starter JB08
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Very fair and balanced post. Although not convinced Qatar will be back in - i imagine the INEOS/Ratcliffe ownership will be a longer term one.
Preach. Honestly some of the meltdowns have been genuinely pathetic.
he’ll get full control of the club once those leeches have sucked every pound out of the club and not before. Don’t believe the spin that comes out of the club whenever an announcement is made the glazer propaganda machine will be right behind it.
Why would the guys who still own 75% of the club give full control to anyone else? I could see the Glazers rejecting his proposal in their board meeting.
Why would you have faith in a man that wants to keep the Glazers around.
He also is borrowing to purchase united. How is the billion debt going to be paid down, how are we going to fix Old Trafford? How are we going to modernise and expand Carrington with a man who has to borrow to buy a 25% stake?
This is before we even mention the squad that is 6 or 7 players short of competing with the arsenal's and city's of the world.
The whole thing is a disaster and we can look forward to another decade of nothingness like the last decade
All those celebrating the Brexit hypocrite taking over in some undefined future period should got do one with Johnson.
People losing their shit about corporation sale. Also, whole thread is filled with copium
I don't know where the poster got 5-10yrs; most I've seen reported is majority control in as early as 1 yr and 100% in 3-6 yrs
The rival fan chants are going to write themselves with this one.
They are asking on X would you support Jim, and say I want to see investment, in OT, in carrington, and players as well as a new structure of DOF and others. If I hear of dividends going to them leashes then we have a problem
Sounds like some on here, actually some of the Caf are worse when City win
Do you fully understand his brexit stance? Or do you just mindlessly put all brexiteers into one basket when you struggle to make a point.
ITS A BUSINESS DEAL NOT A HANDSHAKE AGREEMENT FROM SOME LADS IN A PUB ffs
Yeah the Glazers definitely want to stop Ratcliffe increasing the value of the club through investment.
Hard to be disappointed given that we've more or less known this wasn't happening for some time after endless delays from the Glazers.
That's what the Chelsea, Leeds, Derby County, Portsmouth, Fiorentina fans thought too.
We are only a massive economic downturn from that situation.
The sporting control bit sounds wishy-washy, tbh. What stops the Glazers as majority holders veto-ing certain decisions?
That makes a lot more sense.
Bit dumb Jassim didn't match that to be honest. He could have got what he wanted.
I had to google what that meant. True though.
Because what idiot pumps over a billion into a club without having a concrete route to a takeover? This won’t be ifs and buts, this will be a roadmap to a full takeover with a binding contract.
Ineos won’t pump this much in to end up with nothing.
its a means to and end, and we will find out soon because of the stock exchange listing.
Sporting control and Glazer exit timeline. The 2nd best offer we can hope for here. Qatar were a billion short in offer (only 5billion in Glazers pockets), all that is left then outside of Ineos is hedge funds which is 1000000% worse than Ineos
I don't need to understand his 'stance' or any other clown supporting that shit show to know it's an absolute joke.
The same way the moral police on here do not have a Scooby about why we need the Qatar money to actually thrive in the future but are happy to literally make fun of United fans and come out with the bullshit quoted.
I also don't need to work in the same building as him.
I'd almost rather watch us get relegated so the club would become so devalued, they'd have to do a full sale. Can't believe these cnuts turned down 7 bil.
It's explained in the Athletic article.
Why would a minority stakeholder get sporting control?
Because that is the price Sir Jim Ratcliffe is demanding for his very generous — and completely out of character — offer to give the Glazers’ a premium price for what looks like a very mediocre slice of the pie.
And this
Those sources, who are not permitted to speak publicly due to confidentiality agreements, have told The Athletic that a deal with Ratcliffe has been agreed in principle, subject to board ratifications — with key club figures due to meet and vote on the proposed deal in the coming days.
"Board ratification" is a formality since the Glazers have 96% of the voting rights.
"I don't need to know his brexit stance to insinuate hes in bed with Johnson"
Good work. You come across really intelligent.
As a fan base we’re so divided and that is evident by the comments here tonight and over the last 12 months on this subject. surely we all want one thing and that’s these parasites gone from our club and gone now. if so the only acceptable deal should have been a full sale, not this shit 25% investment where the glazers remain in FULL control and the debt still lumped on the club. Enjoy many more years of mediocrity!
How much will SJ R pay for his 25%? My concern is the Glaziers could change their mind about a full sale. Why else would they turn down one now? That's my concern. That said, it's still better than the Glaziers being in complete control.
Of course worst case scenario happens with these parasites.
Are human rights abuses OK though because you seem to only speak about the bad actions of one party (ignoring the environmental damage done by INEOS which is much worse than the stupidity of Brexit) and then ignore the state bidding on the other hand.
Also nobody is celebrating INEOS and Ratcliffe taking over over time, the only thing I'm happy about is we're not becoming a state tool. It's only weirdos twerking for Qatar who have actively been supporting either bid, the reality is we're picking between different shades of awful billionaires and we're going to have the slightly less awful one in the coming years.
Ok, thanks for this clarification. We'll see what happens in the next few days.
To be honest, I don’t think any of them are the least bit gentlemen, and what’s more they’ll have no illusions about the other party being gentlemen either. If there is a long term intention, be sure it will be steeped in binding consequences both ways.
I don't really care what you think.
I've been spot on on most of my takes and have taken personal decisions based on it. It's not ended badly and the UK is a shitshow.
But continue, maybe you also live in the same neighbourhood as Ratcliffe.
ABOUT WHICH WE DON'T KNOW ANYTHING SO FAR! FFS!
All we "know" (sort of) is that he is buying 25%. Everything else is completely unknown.
Yeah I'm optimistic but ultimately we need to see what happens.
No one knows the bid details just yet but Athletic say there is routes to full ownership for him.
These things are created through put and call options, which Kieran Maguire explained would be a possibility months ago.
Initial minority ownership is actually very very common in business acquisitions before majority control is realised through having the option to buy x more shares at a pre determined date.
I find it quite funny that so many on here are convinced that Ratcliffe, who whatever else he might be has somewhat proven himself to be a very competent businessman, has just decided he's going to give the Glazers 1.5 billion to spaff away because why the feck not.
There are quite obviously going to be certain conditions that come along with this offer. What they will be is anyone's guess, but Ratcliffe and INEOS aren't doing this out of generosity.
There are quite obviously going to be certain conditions that come along with this offer. What they will be is anyone's guess, but Ratcliffe and INEOS aren't doing this out of generosity.
Actually, the Athletic confirmed he will have a route to full ownership and immediate element of control on the sporting side.
The mods really need to enforce some quality control.What
The moral police have really taken off the mask today.
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