A Nice fan did an ama on Reddit about it a few months ago and basically his ownership of Nice makes the Glazers look like heroes. The comments were full of cope, saying “it would be different with United.”
Club Sale | It’s done!
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A Nice fan did an ama on Reddit about it a few months ago and basically his ownership of Nice makes the Glazers look like heroes. The comments were full of cope, saying “it would be different with United.”
The Athletic has reported that Ineos have demanded sporting control as part of their bid. There's also been reports that Paul Mitchell is being considered for the DoF role. I really doubt Arnold and Murtough are safe.
If you think INEOS is a white knight your wrong Radcliffe started like an an American hedge hund if career is littered with Glazer esque leveraged buyouts where the only objective was profit and if people got hurt in the process well thats business, i don't subscribe to that approach, business should always have an ethical goal of making the lives of people better.
InNEOS not only do the have an appalling record when to comes to looking after there workers and the communities in which they operate, they have an even worse record when it comes to protecting our environment.
New Report Takes Hard Look at Chemical Giant’s Trail of Pollution
WASHINGTON, DC/BRUSSELS—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.
We'll be fine, we've been run by accountants for years. It'll be like before 2005 again, almost can't believe it. Now we just need to find another Fergie
Go look at Nice for a reflection of how it will go
can’t wait.Villa better be ready for that Europa spot battle!
You think the Glazers are bad? you better strap yourself in. Sir wrinkly bollocks brain shattering plan to get Nice challenging last summer was Ross Barkley and Aaron Ramsey
Rest of the PL are shitting themselves
Not surprised. Hey, they sign past it players too (Ross Barkley, Ramsey, Kasper Schmeichel) so it shouldn't be too different to the current side.
Could easily be no unless you have started loving the club in the last few years.
A new DoF may come in, but they'll still work under Arnold. May actually be a relief to him as the heat gets taken off him. Just like Woodward was, Arnold is the Glazers main man and they won't let him leave.
You have a very hopeful outlook, with hopeful reasoning.
I'd love for you to be right, but the INEOS investment doesn't need protecting. If the club increases in value, that's ROI. If it stays level the dividends will pour in as they do for the Glazers. If he valuation drops, then they can look to take over.
None of those sceneries offer much encouragement for the club. Either we continue to limp along while our competitors get further out of reach, or we collapse enough to lower the valuation to something INEOS can afford, and so the road back is even longer.
Hilarious that some people think it can’t get worse than the Glazers. Ohhh it can and we’re about to see it.
Maybe they've all subscribed to a private pay per view channel that allows them to watch or join in on the glazers/ sir jim mutual masturbation session. We fans get screwed as they continue to milk the club. Maybe it's time to make better use of my time and money and just drop football.
Heres hoping.
Only if the loan repayments were somehow more than the extra money the Glazers would be due in the meantime; dividends, salaries, etc.
Okay well go be happy with the Glazers then? Not sure what you want
Please go out and get some fresh air
A full sale? debt cleared, stadium financed? basically everything Sir Jim’s bid isn’t offering
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Can’t see any positive coming out of this, Glazers are just greedy cnuts and need to get the feck out!
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Can’t see any positive coming out of this, Glazers are just greedy cnuts and need to get the feck out!
Radcliffe is not buying 100% INEOS are buying 25% of the Glaziers shares, there is no indication that either he or the Glaziers are going to pay off the debt or invest in the CLUB
If you think INEOS is a white knight your wrong Radcliffe started like an an American hedge hund if career is littered with Glazer-esque leveraged buyouts where the only objective was profit and if people got hurt in the process well thats business, i don't subscribe to that approach, business should always have an ethical goal of making the lives of people better.
InNEOS not only do the have an appalling record when to comes to looking after there workers and the communities in which they operate, they have an even worse record when it comes to protecting our environment.
New Report Takes Hard Look at Chemical Giant’s Trail of Pollution
WASHINGTON, DC/BRUSSELS—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.
Wow so not being state owned by a horrific regime is what leads you to give up on football. Amazing
Guarantee our rivals fans are pissing themselves with this news.
Isn't the Glazer type of leveraged takeover banned?
Sheihk Jassim offered the Glaziers double the Clubs current market value, debts cleared investment in the stadium and in the local community, Why would you think they would take less and invest their own money in the club.
RAWK
Some of you (not necessarily you) are a bit out of touch when it comes to our rivals..
SJR is a disgrace, apparent United fan who was up against a better proposal to progress the club and the facilities. Instead of pulling out, he’s made it all about himself and has let the club and fans down. I’d be fine if he was buying a controlling stake now but this doesn’t look good for real investments in the facilities or paying off debt in the future. He’s going to have to do a lot to appease fans which will be difficult with his hands tied, some shiny new signings won’t make it all better.
Saying that, I understand the 92 not wanting to overpay but they were always going to overpay, they highlighted it was double of what the club was worth so were never going to save face.
Even a Ineos type deal of buying 75% now with the Glazers holding the other 25% with a agreement to buy them out in the coming years at a premium should’ve been considered.
Not sure what has happened on the Glazers side for the other 4 siblings to just happily go along with this and not take the money now. £27M for each Glazer now opposed to the £575m they could have. Do they honestly not think they could make more money elsewhere in other investments over the next 3-6 years.
Saying that, I understand the 92 not wanting to overpay but they were always going to overpay, they highlighted it was double of what the club was worth so were never going to save face.
Even a Ineos type deal of buying 75% now with the Glazers holding the other 25% with a agreement to buy them out in the coming years at a premium should’ve been considered.
Not sure what has happened on the Glazers side for the other 4 siblings to just happily go along with this and not take the money now. £27M for each Glazer now opposed to the £575m they could have. Do they honestly not think they could make more money elsewhere in other investments over the next 3-6 years.
Because they believe the club will be worth even more in a few years than what Jassim was offering. Based on the heavy investments by the Saudis this summer, and potential of football becoming a bigger thing in the US.
So they accept a smaller sum now to fix the current liquidity needs for short term, while betting on being able to get a bigger payout later.
Neither Jassim nor Jim agree with the Glazers future evaluation, so they wouldn't pay that premium now. But Jim was willing to start with a minority investment with the goal to own everything in the future. He realized he wouldn't win the bid now if he didn't either go for a minority stake first, or paying a higher valuation than he and Qatar believes in.
This is where I'm way out of my depth, I have no idea what the interest would be like on a loan that big. The Glazers take out roughly 22 mil in dividends each year and lets imagine a similar amount in salary and other expenses. So the equivalent of a 44mil payment each year. If you assume a loan of 6 billion, if my math is correct that's only a 0.0073% interest rate. If you argue it'd only be a 3 billion loan then that's still only 0.0146% interest rate. That seems crazy low to me. Again, I don't really know what I'm talking about.
It was a horrible choice but what other choice was there? We're in such deep debt the current regime CAN NEVER repay. The stadium and facilities are crumbling. The inept, yes men, toadies running the club will remain in place as long as they're enabling these turds. Enjoy giving the scum your hard earned money and being in the bottom half of the table for the next 10 years, unless it collapses earlier.
Well no bid is offering that? So again I ask what do you want? Qatar have pulled out because the Glazers turned it down, they didn’t wanna offer the same valuation as Ratcliffe, so perhaps they should have done so, but they didn’t. At this point you’re crying about an impossible scenario instead of being happy that something is atleast happening, aka a full takeover in a few years. We’ve gone this long with the rats honestly whats waiting a few more knowing they’ll eventually be gone?
Ratcliffe is buying 25% and taking over in a few years by all reports, and the Glazers will be gone, did you just ignore this or what?
Best PSG and Monaco both away fixtures. Not bad.
Is there a chance that Ratcliffe cocks this up during the second and third year and then either Jassim returns or Saudi consortium comes in? For example, the valuation does not go up and no infrastructure gets improved.
What makes you think Jim will be better? he’s making up the numbers in France, his club was relegated in Switzerland. He’s hiring people at his football clubs that have no history in football, making awful signings it’s honestly the exact same blue print as the people you want gone.
Give me your positives about Ratcliffe and I’ll shoot the lot down.
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I'm not that naive and I'm not that patient. The glazers aren't going ANYWHERE when they think the value of the team will close to double in the next ten years. jimmy gave the owners a lifeline and in exchange, received the opportunity to join them sucking us dry.
Can you provide a source that says Ineos will take over in a few years?
Where do I start?
- The Glazers are still in charge
- Sir Jim Ratcliffe is only a minority owner
- Sir Jim's other football clubs suck horse schlongs
- There is no promise of getting rid of the debt
- There is no promise about revamping Old Trafford
- There is no promise about the expansion/building into a better training ground
- And our players won't be able to live through the same adrenaline rush that Newcastle players and manager went through as soon as the support from the PIF began to be felt.
Our football club is totally fecked.
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We are finished. We will never be rid of the parasites, Brexit Jim is cut from the same cloth - the fact that he has done a complete U-turn and got into bed with the Glazers says everything about him as a person. Her probably won’t even be around by the time (if ever) the full takeover happens.
If only we had a good alternative. From all the noise Radciff's track record is shit. Can see our inevitable slip to consistent mid table stature continuing. These chaps will probably go for Liverpool
So the Glazers turned down reportedly £5.8 billion from SJ for their 69% controlling shares with the debt of £535m to be deducted from that figure. That’s effectively £5.26 billion however Sir Jimmy offered $1.875 for 25% which is £6.184 billion for 100%, the debt would still have to be paid the moment INEOS own 51% of the club planned, currently in 3 years time in 2027. So a fair comparison is £5.6bn against £5.26bn so what the real issue here is the Glazers wanted to hang on to the asset, hoping the new broadcasting deals elevate the value of the club even further to £8-10 billion.
I’m sure the other 4 Glazers who wanted to sell might be thinking tonight, they wish that maybe the Qataris would come back with the £5.8 billion offer, because if the six siblings invested £5.26 billion for three years with a fixed 5% investment interest rate this would give you over £6 billion in total after the debt was paid, no wonder SJ withdrew his offer, there’s greed, then there’s extreme avarice and then there is the Goblin Glazer Greed, no words are necessary for these parasites!
I’m sure the other 4 Glazers who wanted to sell might be thinking tonight, they wish that maybe the Qataris would come back with the £5.8 billion offer, because if the six siblings invested £5.26 billion for three years with a fixed 5% investment interest rate this would give you over £6 billion in total after the debt was paid, no wonder SJ withdrew his offer, there’s greed, then there’s extreme avarice and then there is the Goblin Glazer Greed, no words are necessary for these parasites!
Jesus Christ. We don't need any finacial support we're not a tiny garbage club like Newcastle. If you want everything gifted to us and unearned please just go and support City or PSG. They sound like the right club for you. All we need is an owner who won't rob the money we actually make ourselves.
This could lead us to get relegated or at best have another season we had in 2021/22. Wish the Glazers would just d--, they are just a bunch of smug criminals under a veil of sporting owners.
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