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!