Never said full ownership. Its full control her wants.
Club Sale | It’s done!
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Never said full ownership. Its full control her wants.
If you can't believe the most reputable sports journalists on the planet then who do you believe?
They own all the Class B shares which basically run the club. The class A shares are those listed on the NY stock exchange. Ratcliffe will buy 25% of the shares that matter (B).
I agree with that. Qatar will buy another club now and if its a prem club it will go the way of City and in the next couple of years Newcastle. We will be fighting to finish in a europa place. Arsenal and Liverpool are ahead of us as better run clubs as well.
I don't have any blind faith. I actually preferred the Qatar bid.
However regardless of what happens it's important to critically evaluate the news at hand and listen to the credible ones.
If tier one journalists say he has a route to full ownership and will be given immediate sporting control then that's credible.
Whether he does well or not is another matter but I don't think it's smart to just say "meh paper talk" just when you've been proven wrong.
They all claim to know but look who broke the news tonight shortly jumped on but he entire world.
Sporting control means nothing when a minority shareholder doesn't control the finances. Who is foolish enough to fall for such a cheap trick?
We still have 1B in debt and the interest has to be paid by the clubs own money. If none of the minority owners (all of the siblings including the Rat are minority shareholders, just a reminder) don't inject a significant amount of own capital into the club to pay of the existing debts our transfer spendings will be heavily restricted for years. Where should the money to upgrade the stadium and Carrington come from? Outside investments come with financial obligations. So far the Glazershaven't invest one penny of their own money into the club, so why would that change now? Once again don't be fooled by meaningless promises.
A 25% minority owning is by far the worst possible that could happened. A existing minority shareholder will never jeopardize their investment with a deal with a new investor that makes them powerless until they got fully paid. Wake up! It's the Glazers we're talking about.
The roadmap for INEOS to own 100% of the club in 3-6 years comes with financial commitments. If INEOS only have funds to buy 25% then ask yourself how they're going to finance the rest of the billions they have to pay the Glazers and the rest of the shareholders on NYSE
For my own well being I now have to disconnect my emotions from this club and horrible ownership. No more money from me.
I'm only baffled how naive some are. Ratcliffe's history as a business man is filled with broken promises, lies and mismanagement of fundamental environmental principles. How anyone still have trust in his words when he he’s a proven lier, that don’t hesitate being dirty to get his way, is beyond my understanding.
We still have 1B in debt and the interest has to be paid by the clubs own money. If none of the minority owners (all of the siblings including the Rat are minority shareholders, just a reminder) don't inject a significant amount of own capital into the club to pay of the existing debts our transfer spendings will be heavily restricted for years. Where should the money to upgrade the stadium and Carrington come from? Outside investments come with financial obligations. So far the Glazershaven't invest one penny of their own money into the club, so why would that change now? Once again don't be fooled by meaningless promises.
A 25% minority owning is by far the worst possible that could happened. A existing minority shareholder will never jeopardize their investment with a deal with a new investor that makes them powerless until they got fully paid. Wake up! It's the Glazers we're talking about.
The roadmap for INEOS to own 100% of the club in 3-6 years comes with financial commitments. If INEOS only have funds to buy 25% then ask yourself how they're going to finance the rest of the billions they have to pay the Glazers and the rest of the shareholders on NYSE
For my own well being I now have to disconnect my emotions from this club and horrible ownership. No more money from me.
I'm only baffled how naive some are. Ratcliffe's history as a business man is filled with broken promises, lies and mismanagement of fundamental environmental principles. How anyone still have trust in his words when he he’s a proven lier, that don’t hesitate being dirty to get his way, is beyond my understanding.
If SJ R/Ineos hadn’t become involved in the bidding process then the Qatari bid would’ve been less. Great logic there!
"He loves the club" phrase is back on the menu.
Proven wrong? Hardly. I'll not be proven wrong for a few years yet so feel free to come back then.
I love INEOS and the wonderful job they did with Nice.
JIM IS NOT INVESTING IN MANCHESTER UNITED as of yet, HE IS JUST BUYING SHARES. HE IS NOT INVESTING IN ANYTHING. HE WILL BECOME A SHAREHOLDER like the rest of other shareholders.
Manchester United has many shareholders and Jim will be like one of them. Other shareholders DON'T INVEST in Man United because THEY DON'T HAVE CONTROL
Glazers have been selling United shares even in previous years. It's not the first time they will be selling their shares.
In 2021 Glazers sold shares worth $250m. (1/4 of B.)
Previously they have sold like this...
May 2014: Malcolm Glazer dies. The family sells 12 million more shares at $17 for $200 million (£129 million). In December, Edward Glazer sells 3 million of his shares. Amid fan anger, the Glazers rule out selling Manchester United for at least five years.
August 2017: Through the holding company Red Football, the Glazers sell 4.3 million shares for $17 a share. They make $73 million (£58 million) from the sale.
March 2021: Avram Glazer, the co-chairman, sells 5 million Class A shares worth around $100 million (~£70 million).
October 2021: Avram’s brothers Kevin and Edward Glazer have sold 9.5 million shares at a price of $16.98 per share, netting a total of $161 million (£117 MILLION)
Glazers shareholding will reduce BUT THEIR VOTING Power = Control will remains over 95%.
All this cash, MANCHESTER UNITED as a club have received NOTHING.
Read from here. 6th October 2021 article. 2 years ago.
https://www.telegraph.co.uk/footbal...nchester-united-share-sale-without-weakening/
- Seven months after United co-chairman Avram Glazer pocketed around £70m after selling five million Class A shares, his brothers and fellow club directors, Kevin and Edward, have put 9.5 million shares up for sale with a current value of over £137m ($186m).
- United notified the New York Stock Exchange (NYSE) of the sale on Tuesday evening and confirmed in a statement that the club will “not receive any proceeds from the sale”.
- If successful, it is likely to see the Glazers take their earnings from share sales past the £450m mark in the space of nine years. None of those proceeds have gone to the club, whose net debt stood at £420m as of June 30 this year, and have mainly been used for “estate planning” purposes by the family.
A 100% takeover was what was needed. Glazers are broke, they need money but they don't want to sell their golden chicken which brings the golden egg.
Jim has given them A HUGE REPRIEVE with money + golden chicken and golden egg is still in Glazers possession.
Not a clever man at all.
Are you the guy on Tik Tok who has been saying it's a done deal for Qatar every day for months now?
Have you read the reports? Ineos will assume full sporting control. Also, there is a route to 100% ownership, that much is totally clear. It's yet to be seen if Ineos will be compelled to take that route or not. We really have to wait for the full plan to be made public but all the signs are positive imo.
I think it's clear you're red faced by calling Athletic paper talk.
You've already fecked up there, sorry to say.
Go to bed you clown!
Who or where is saying this? Ben Jacobs? Talksport?
This is the third night of breaking news around Jim’s bid within the last 10 days and not one of these sources have put forward any news of a staggered takeover. None.
He may have a view for a takeover in the future but there’s a massive difference between that and what you’re trying to say here
Some of these people have changed their minds several times oner during these past few months, I believe it when it happens
Manchester United Muppetiers broke the news yesterday actually. Only today did the likes of the Athletic and Ben Jacob's jump on.
We
Are
The
Pride of all Europe
The Cock of the North
We hate the Scousers
And Cockneys of course (and Leeds)
Are
The
Pride of all Europe
The Cock of the North
We hate the Scousers
And Cockneys of course (and Leeds)
As I said - great logic!
And you're just plain wrong, bumming off everyone that writes what you want to hear, sad really.
Can you stop bigging up United mupeteers - it's embarrassing.
They rehash public journalist information and chat shite for gullable people. Ben Jacobs actually said the ownership to full control before United mupeteers did their video yesterday.
Manchester United Muppetiers (I know the name is silly) broke the news yesterday. The athletic has confirmed it today.
Not everyone. I just believe the credibility of tier one reporters.
Unlike you I'm not stupid enough to put my head in the sand when I hear news I don't like.
Again, they didn't. Stop saying they did.
nice one ‘Brexit Jim (bike man) doing well at Nice’. get right behind him you.
https://ibb.co/NSfjbw1
Very disappointing news. We had our hopes high with jasim offer. Very depressing news. Hope at least people not to show up to games but I know its not happening
Very disappointing news. We had our hopes high with jasim offer. Very depressing news. Hope at least people not to show up to games but I know its not happening
Wonder how the 25% will be made up. Equal cut of each Glazers current holdings, buy out one or more entirely or something else.
Would he become the single biggest shareholder as well?
Would he become the single biggest shareholder as well?
Did you watch their video that was released yesterday? He claims to have a high level source in Ineos and made claims such as 25% rising to 100% that have been confirmed today by tier 1 journalists.
I have no idea of their quality of sources outside this sale but he seems to be correct so far.
Ben Jacobs?
okay kiddoCan I see this confirmation?
You’re having a bad time tonight.
Again, watch the video if you haven't already. Skip to ~ 7 mins in for the relevant part.
https://theathletic.com/4962239/202...eos-jassim-glazers?source=user-shared-article
Ben Jacob's said it first yesterday, not United mupeteers. The latter just rehash what came out earlier and fool gullable folk.
Ive seen the video.
Ben Jacob's had already stated this before the video was aired.
Which is why I'm saying, they rehash publically available news from journalists and make fools of gullable folk.
It's in video form unfortunately but here's the link. The relevant parts are from ~7mins on.
I could be wrong. Source?
That would be a minor improvement on our current situation at best though - we're still buckling under the weight of our debt, decades behind in terms of facilities, and the Glazers will still demand their annual pound of flesh.
Hey mate, best way to the reports about the structure? I must have missed and rather not dig through the morass.
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