We had to sell players due to FFP restrictions in order to be able to continue spending. Your example has nothing to with with the club's financial situation.
Club Sale | It’s done!
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We had to sell players due to FFP restrictions in order to be able to continue spending. Your example has nothing to with with the club's financial situation.
Surely he needs to see it internally and not snippets like we see, there is more to it than on the pitch.
What happens with Sir Jim's ownership of Nice if the 25% offer goes through?
Is this the only reply you can come with. Seriously all your replies to everyone who disagrees with you is same.
Wake up from the glazer propaganda that MSM is helping to propagate. It's very easy for this football club to inject new funds to allow greater ffp freeplay if we really wanted to. Savvy owners could easily inject new funds via corporate dealings and sponsorships for example.
Yeah I mean let's hope for the best. There isn't much more we can do anyway. I just hope it won't take another 5-10 years until he'll get the majority of shares. He's 70 after all...
What does that mean?
Ah. I thought they only owned 67 percent of the class b voting shares which is what that athletic article stated
You have absolutely no idea what he will and won't invest and if the price will increase, for all you know they have agreed on a set price of the shares..
Stop posting out pure emotion, it makes you look silly.
That can't be a real quote. Palace regularly start with 5 or 6 British players.
I put my best bid in, pull my best bid out, in out in out Sheikh it all about.
They get far greater leeway extracting the riches from this club instead of having to put their own money in to prove themselves. The wider media programming is a big enabler.
You mean exactly like the Glazers?
It absolutely does. If we had generated to cash flow to buy Amrabat, then would could have signed him. The money wasn't there. If INEOS clear the existing debt, then we wave goodbye to the interest payments which have cost the club £760m in the last 17 years. This is money that should have been invested back into the club.
Interesting thread, a good read!
Correct.
Thought the same. And several of their stars are British. Makes no sense.
Presume he gets to keep it.
The club is 1 billion pounds in debt.
The training ground and stadium require a minimum of 2 billion just to renovate, never mind new ones.
'£50 million a year.
At that rate we will be debt free and have a stadium competing with the standard of 2023 in 60 years time.
That's my understanding anyway. I could be wrong.
That is the thing, they are not. There is no suggestion so far they are investing anything into the club.
The deal involves buying the glazers shares. That money goes to the glazers, not the club.
Why didn't they accept the amazing 6.5 from Jassim if they plan on giving Jim full control in 3 years? Doesn't make sense. What do they see happening in 3 years that will dwarf the 6.5 offered by Jassim? Someone please help me here
Indeed TBC only thing we know from an actual reputable source is that Jim has offered for 25% with a path to eventual control not 100% ownership and Avram and Joel do not want to sell their shares
Good god. State of this.
Bloody hell:
“I'll always love and support my club, but this is arguably the darkest moment for Manchester United since 1958”
Bloody hell:
“I'll always love and support my club, but this is arguably the darkest moment for Manchester United since 1958”
Jim will be committing to buy future chunks at progressively higher valuation.
No reputable source has said there will be a path to a full takeover. Sir Jim is aiming for control there will likely be a path to that. That could well possibly mean Joel and Avram staying (which was always their aim) with the rest of the Glazers moving on. I don’t think that will appease all fans.
Can’t fans stop this farce ?
I don’t think anywhere has said they will get full ownership. Its a maybe at this point
we hit jim where it hurts and stop buying petrol and diesel.
Again. The question, as alwaya, is where does the money come from for the kind of spend required.
Ineos have averaged around 2 billion euros per year gross profit in the last decade.
That is why they need to borrow to take on even 25% of the club.b They cannot blow a year's profit on a business that makes no money.
So where is the cash coming from, within 3 years as claimed, for the other 75%, or even 26% to get them control, plus the 3 billion for righting off debt and the infrastructure spend?
Ineos have averaged around 2 billion euros per year gross profit in the last decade.
That is why they need to borrow to take on even 25% of the club.b They cannot blow a year's profit on a business that makes no money.
So where is the cash coming from, within 3 years as claimed, for the other 75%, or even 26% to get them control, plus the 3 billion for righting off debt and the infrastructure spend?
It’s a parody
Played 8 won 4 drawn 4. Hardly fantastic stuff!
It's ok to say you are happy that there's no state ownership, but what we're left with is the same thing we've had since the Glazers took over and began milking our club to near-death. Nothing changes with this other than the Glazers get bailed out and get the money they want.
There might be a few false promises, a signing or two to appease the fans, but then it'll be business as normal. Extracting what they can from the bloated corpse of United. In the end, the club will be ruined beyond saving and they will be rich and fat. There'll just be an extra one of them.
There might be a few false promises, a signing or two to appease the fans, but then it'll be business as normal. Extracting what they can from the bloated corpse of United. In the end, the club will be ruined beyond saving and they will be rich and fat. There'll just be an extra one of them.
I think Sir Jim will get control of the club eventually but I also think Joel and Avram will always be minority share holders and I personally find that unacceptable at this point.
Other issue here is club needs massive investment now (I’m not talking about for transfers). Remains to be seen what the plans are from Ineos and the timeframe.
For now I remain cautious about this proposed deal until we get real details. At present it does not sound the best.
I don't know the answer to this, but the man himself is meant to have a net worth of around £12bil, I think?
And maybe once his foot is in the door he plans to be the lead investor in a consortium?
I've been reading the forum for close to 10 years, which I really will never understand why United fans argue against each other. That is so weird. Why can't you get yourselves to unite for the one "thing". Almost every day people make fun of Goldbridge or someone else, guys you all want the same thing, for Man United to be successful again. I was at Old Trafford as recently as September - I was really shocked at the state the stadium is in. I sat in the Bobby Charlton Stand and got wet there because it rained that day. I think everyone who reads the forum here, I assume, should know what condition the club is in. I agree that the 25% of SJR is not good for us, regardless we agree that the Glazers should finally sell the club. If I lived in Manchester I would protest every damn game day until the monkeys were gone. Why can't you guys get this right? I live in Hamburg and can't afford this, but any other big club would never get this through in their lifetime.
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