You think Sir jim will invest so much and not have any say? I totally understand your pessimism, but I’m not sure he’s pumping a billion+ in to not have any important say straight away.
Club Sale | It’s done!
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As it 'appens, that was just a joke, based on that not so popular anymore tv show about that nice man called Jim who fixed things for people.
He is borrowing to buy 25% of the club.
Where is going to get teh rest from in a year? And then have enough to spend 2 billion on the infrastructure, never mind investing in the team?
He wanted a soft brexit apparently. Nothing like the hard brexit stance Dominic Cummins and his boner boy BJ wanted.
Brexit means Brexit.
I’ll direct my frustrations at the glazers and SJ R, the club would have been sold by now had he not got into bed with the glazers at 25%.
a bid of 5.5bn when the club is worth 2.5bn and clear the debt how can anyone express frustration at Jassim,
Because the Glazers believe that the club will be worth more in a few years if a few specific things happens. (Most likely primarily the Saudi involvement in football transforming European high-level football into a more profitable venture. Similar to PGA/LIV that happened in golf.)
But the club also depends on further investment happening now, so they need someone to come in now, even if there's a chance it'll all be worth more later.
I have intimate knowledge of another company (not football related) currently being sold in a similar situation.
The company is desperate for a cash injection, but current owners believe there is bigger value to the company based on certain things in motion. So the company is getting another investor essentially buying control of the company, but the final price to the current owners depend on if certain things pan out or not in the next year(s).
How would that be possible? If he could afford it, he would have bought it outright. He couldn't, and therefore didn't, and so unless the valuation drops significantly, or INEOS gets a huge cash injection that the board is happy to throw at his ownership vanity project rather than making money, then it's just the status quo with slightly different wallpaper.
But he couldn’t afford to buy the club outright now, or outbid Jassim full buyout offer. People believe he’ll have more in 3 years?
Those people probably believed Brexit would give the nhs an extra £350m per week.
Whale, whale, whaaaale feckwads! How does it feel to sell your soul and still lose?
explain yourself?
Glazers holding a majority share with a 70 year old coming in with a long-term investment plan. Great. All uphill from here lads.
A put is something you do when you think the price of something will go down.
He did make an offer to buy 100% of the Glazers shares, so he's clearly got a chunk of cash he's willing to spend. I've seen others suggest that it's a problem of liquidity rather than wealth but I don't know the details of Ineos' finances
Ah gotcha, that's a fair assumption to have especially with Ineos rather than a lone-bid.
Here we go!*
*In three to five years.
*In three to five years.
Why do we instantly believe this report? There have been multiple seemingly decisive reports through this process that have given varying outcomes. This could just be posturing/ ultimatum to get to a decision. Fingers crossed anyway.
Is anyone else hoping this news really galvanises out season. Hoping the fans are loud and boisterous now we see an exit route and I hope the squad is also boosted by the news.
Going to be a potentially massive few weeks!
Going to be a potentially massive few weeks!
Wasn’t soft Brexit the option where you leave the EU but keep all the EU perks? So essentially a fantasy?
Ah thanks. I assume a call option would be the opposite then?
he’ll have 25% of a say. pretty simple if the glazers don’t like something then believe me they’ll have the final say. It’s how majority ownership works
How can a situation going from bad to worse galvanise a season?
But going by that logic, if Jassim hadn't gotten involved then glazers would've sold to ineos and we'd have new owners without the moral and political baggage.
If Ratcliffe recognises our need for a proper sporting director and more a focused recruitment approach then I see no reason why he can't make a success of it. The biggest problem of the last decade has been the Glazers putting their cronies in positions that should have been occupied by specialists.
Are you joking? You expect to see the fans get behind this?
That depends on a number of factors.
Yes we aren't becoming a sportswashing vehicle to the delight of some in here,however at what long term cost to the club.
I am absolutely certain the matchgoers won't boycott games and tourists not stay out of the Megastore either,so those leeches are just laughing in our faces.
A dark day for this club much like that one in 2005 when those leeches walked through the door and started the decline of this once great club.
I genuinely think we are finished whilst we have the three of them running us further into the ground.
Basically to sum it all up there is zero positives whatsoever to Ratcliffe's pathetic 25% share of the club. He will probably keep on the likes of Arnold & Murtough instead of at least putting the right people in place. Oh yeah and the debt not being cleared or investment in stadium and training ground either.
I am absolutely certain the matchgoers won't boycott games and tourists not stay out of the Megastore either,so those leeches are just laughing in our faces.
A dark day for this club much like that one in 2005 when those leeches walked through the door and started the decline of this once great club.
I genuinely think we are finished whilst we have the three of them running us further into the ground.
Basically to sum it all up there is zero positives whatsoever to Ratcliffe's pathetic 25% share of the club. He will probably keep on the likes of Arnold & Murtough instead of at least putting the right people in place. Oh yeah and the debt not being cleared or investment in stadium and training ground either.
a lot of the fanbase are overjoyed at the news!
I wanted to personally thank you for your contributions and explaining financial matters over the last x months. Although, this is not the clean break or result needed to get this club back to where it belongs in a shorter term basis.
Will you stick around for the next few weeks to see how things develop?
Overjoyed at this stage is a bit naive without actually knowing what is going to happen.
Bit like our transfers or John Murtough's plan. It's happening but we cannot tell you when in case it doesn't
You'd have to be a bit silly not to get behind it I'd the reports on the deal are true. 100% ownership in 3-6 years is way way better than a non sale.
Once again living up to your name.
Yeah has lined their pockets nicely
Yes now that we have the stability of knowing the glazers are here to stay we can focus on football
Been saying it for a while the whole club sale thing will just slowly get dropped without any official comments
It's not 'a report'. It's a consistent brief across multiple media sources.
Qatar can potentially go back and bid £8bn but this is fantasy land thinking.
I mean look who you're quoting. That guy probably thinks Corbyn is a master politician and the good guys always win in the end
.And I am ignoring the other Athletic tweet that the players + EtH were hoping for Qatar which is common sense for anyone with half a brain.
Does it matter? That's the world he thought would be better for the UK and he's been battered for it.
Posters should stick to critiquing his work in the footballing world. Im sure there's plenty to be upset about with Nice.
Fair point that works both ways tbh.
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