Club Sale | It’s done!

[Cassidy]

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?

His net worth is not cash and we are currently in a credit crisis.

There has been zero mention of a consortium. At present there isn’t much detail about this proposed deal that is positive, we need to get some details sharpish if this is true that it will be voted on this week.

 

[Nogbadthebad]

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?

Stop conflating the two.

Ratcliffe is not buying manchester united. Ineos are. There is a reason for that, he has no intention of spending his own money.
Rightly so too. Thats why he has 12 billion quid.

 

[AlexUTD]

Not one single time have Ratcliffe and INEOS pledged funds to improve Old Trafford and Carrington or any infrastructure. Don`t have to be Einstein to know that is a bad sign, yet the Ratcliffe lovers celebrate the news like this will change the future of the club in a good way.

 

[Irrational.]

Going from a dream of being debt free, investment in the infrastructure and reinvesting commercial income back into the club without using it for personal gain/ servicing the debt to those leeches adding an extra leech to the quagmire of hot frothy mess.

Someone wake me up.

 

[Wheato]

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.

At the very start of this process, they said that they were looking for Investment into the club or a full sale.

Nobody was going to invest for free. It had to mean investment for shares.

But Ineos are not going to invest in making the Glazers richer, if it doesn't mean improving the club.

So, this 1.7bn is going into the club. There will be clauses and assurances for this. Otherwise Ineos would not make this deal.

It is in their interest to make the club a success.

 

[Drizzle]

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”

People have genuinely lost their minds over this.

 

[AlexUTD]

Going from a dream of being debt free, investment in the infrastructure and reinvesting commercial income back into the club without using it for personal gain/ servicing the debt to those leeches adding an extra leech to the quagmire of hot frothy mess.

Someone wake me up.

Don`t worry mate! Sir Jimbo is a british citizen so apparently this means that everything is fine.

 

[buchansleftleg]

I think it's now clear why the team have been in the doldrums since the start of the season. The club were briefing some "end of an era" type stuff last season around the cup final visit of a Glazer.

It's clear now that at some point over the summer this changed to them actively looking to stay around and we are seeing a demotivated playing staff as a result.

Sir J will just end up being the "acceptable face of the Glazers" and I can see our management team getting disillusioned and being lured away.

Glazers will destroy this club...this is where it goes rapidly downhill. I'm not sure I want to watch this anymore.

 

[Acquire Me]

So much emotion going on

Hopefully we will learn the structure of the deal soon and I am very confident that the deal will make sense. Sir Jim and Ineos are not lightweights by any means.

I thought SJ and Qatar would blow them out of the water with a bid not possible to match, but looks like that wasn’t the case.

All in all, I believe we got the best owner in Sir Jim and Ineos. Time will tell.

 

[C'est Moi Cantona]

Not one single time have Ratcliffe and INEOS pledged funds to improve Old Trafford and Carrington or any infrastructure. Don`t have to be Einstein to know that is a bad sign, yet the Ratcliffe lovers celebrate the news like this will change the future of the club in a good way.

I don't see that they will have any choice, something has to be done.

 

[Irrational.]

Not one single time have Ratcliffe and INEOS pledged funds to improve Old Trafford and Carrington or any infrastructure. Don`t have to be Einstein to know that is a bad sign, yet the Ratcliffe lovers celebrate the news like this will change the future of the club in a good way.

They’re generally the QaTaR hUmAn RiGhTs BaD brigade, who generally fail to see what’s going on in their own back yard.

 

[Dixieland Delight]

Will be funny when Jassim go and buy Liverpool instead

No, it will be tragic.

 

[Nogbadthebad]

At the very start of this process, they said that they were looking for Investment into the club or a full sale.

Nobody was going to invest for free. It had to mean investment for shares.

But Ineos are not going to invest in making the Glazers richer, if it doesn't mean improving the club.

So, this 1.7bn is going into the club. There will be clauses and assurances for this. Otherwise Ineos would not make this deal.

It is in their interest to make the club a success.

The glazers have owned our club for 18 years. In that time, including buying it, they have spent exactly 0 cents of their own money.

And suddenly now, when handed 1.5 billion, they are going to put it all into the club?

Seriously?

 

[rimaldo]

I think it's now clear why the team have been in the doldrums since the start of the season. The club were briefing some "end of an era" type stuff last season around the cup final visit of a Glazer.

It's clear now that at some point over the summer this changed to them actively looking to stay around and we are seeing a demotivated playing staff as a result.

Sir J will just end up being the "acceptable face of the Glazers" and I can see our management team getting disillusioned and being lured away.

Glazers will destroy this club...this is where it goes rapidly downhill. I'm not sure I want to watch this anymore.

agreed. the players even started abusing their wives to try and please the new owners. and then this happens.

 

[Irrational.]

Don`t worry mate! Sir Jimbo is a british citizen so apparently this means that everything is fine.

Surely someone who pushed the Brexit agenda for his own personal gain can’t be wrong? Proper Englund Mancunian fan, ain’t he? That’s all that matters.

 

[AlexUTD]

I don't see that they will have any choice, something has to be done.

Well if they had planned to do it, why not say it when the other bidder pledges to do it?

They’re generally the QaTaR hUmAn RiGhTs BaD brigade, who generally fail to see what’s going on in their own back yard.

I fsil to see why ruining this club helps human rights.

 

[AlexUTD]

Surely someone who pushed the Brexit agenda for his own personal gain can’t be wrong? Proper Englund Mancunian fan, ain’t he? That’s all that matters.

Of course!

 

[arnie_ni]

At the very start of this process, they said that they were looking for Investment into the club or a full sale.

Nobody was going to invest for free. It had to mean investment for shares.

But Ineos are not going to invest in making the Glazers richer, if it doesn't mean improving the club.

So, this 1.7bn is going into the club. There will be clauses and assurances for this. Otherwise Ineos would not make this deal.

It is in their interest to make the club a success.

When a shareholders sells their shares its their money. It doesn't go to the company the shares are in. They'll have to pay 20 prevent capital gains tax on it.

If there was to be an investment it wil.be separate to the share sale

 

[MDFC Manager]

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?

For buying 100% of the club? That's going to come from loans of course. And we should stop worrying about infrastructure spend because it's not going to happen.

 

[stevoc]

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.

What difference does their surname make though?

 

[C'est Moi Cantona]

So much emotion going on

Hopefully we will learn the structure of the deal soon and I am very confident that the deal will make sense. Sir Jim and Ineos are not lightweights by any means.

I thought SJ and Qatar would blow them out of the water with a bid not possible to match, but looks like that wasn’t the case.

All in all, I believe we got the best owner in Sir Jim and Ineos. Time will tell.

I agree with this sentiment, so many people are lashing out right now as Qatar failed with their bid, it's a bit surprising, but it doesn't mean the Ineos bid is going to be anything like the disaster some want you to believe.

Hopefully we actually get some proper in depth detail this week.

 

[Drizzle]

I think it's now clear why the team have been in the doldrums since the start of the season.

Newsflash. The players don't give a feck who owns the club.

 

[MDFC Manager]

When a shareholders sells their shares its their money. It doesn't go to the company the shares are in. They'll have to pay 20 prevent capital gains tax on it.

If there was to be an investment it wil.be separate to the share sale

It's laughable that people think glazers will give up 1.5bn of their money and pour it into the club, plus lose control over decision making.

 

[UnitedSofa]

 

[cpresc]

And which club will he now buy instead?

we’re really not in good shape at all :/

 

[C'est Moi Cantona]

Well if they had planned to do it, why not say it when the other bidder pledges to do it?

It's obvious something has to be done, maybe if Qatar had their time again they wouldn't have come out with the pledge the way they did, as I'm not sure it did them any favours with the Glazers.

 

[AlexUTD]

The most sad thing i heard on Sky Sports News and ESPN yesterday when they announced this was that someone mentioned that Man City, Arsenal, Spurs, Barcelona, Real Madrid, Liverpool and Newcastle fans must be celebrating this news with no full sale and no full revamp of infrastructure and to be debt free.

I think they forgot to add Ratfcliffe and INEOS IN supporters who are claiming to be United fans.

 

[Rood]

The INEOS offer is not for profit, so if you consider they will never take dividends out and you think how much the Glazers have taken out. ( over a billion) then you can see the club will make enough to start making changes to facilities and the stadium.

The other positive is they are high on sports science, which is a department we have fallen so far behind on. So they will be eager to make those type of changes quickly.

Just to say I wanted a clean break as well. But like yourself and I as I write this post (there are reports from various outlets stating that 92 Foundation did not endear themselves to Raine and the process very well) had the feeling it was not going in the direction of a full sale.

If this goes through ineos will be the highest shareholder against the 6.

Those 6 siblings are divided, if he can unite himself with siblings that want to sell, he knows he is in the box seat.

It's a big chunk of money needed ASAP for Old Trafford renovation - sounds like it's going to take several years for INEOS just to complete a takeover (if it even ever happens), which means we would be looking at another decade to save enough from current revenue streams (that billion taken by the Glazers is over 15yrs+). We can't wait that long.

Having so many different shareholders could end up being very messy, especially when it seems some have different priorities to others.

If Sir Jim can push for some structural changes then I suppose that would be a positive at least.

 

[Smithy89]

Finished club is finished.

 

[AlexUTD]

It's obvious something has to be done, maybe if Qatar had their time again they wouldn't have come out with the pledge the way they did, as I'm not sure it did them any favours with the Glazers.

Glazers only care about the money, nothing else.

 

[Murder on Zidanes Floor]

Yeah feck the city and surrounding area

 

[arnie_ni]

Contradicts himself massively in a few sentences.

 

[sglowrider]

His net worth is not cash and we are currently in a credit crisis.

There has been zero mention of a consortium. At present there isn’t much detail about this proposed deal that is positive, we need to get some details sharpish if this is true that it will be voted on this week.

He will have a lot more cash in the bank now that he isn't paying UK taxes, having moved to Monaco. That's like 110 million quid saved a year.

Use that tax saved and invest in United.

 

[C'est Moi Cantona]

Glazers only care about the money, nothing else.

We know that, still doesn't mean that the infrastructure doesn't need sorting out, they can't just sit there for another 5-10 years and do nothing.

As far as I remember this was a big part of the reason for seeking a sale/investment in the first place.

 

[BD]

The most sad thing i heard on Sky Sports News and ESPN yesterday when they announced this was that someone mentioned that Man City, Arsenal, Spurs, Barcelona, Real Madrid, Liverpool and Newcastle fans must be celebrating this news with no full sale and no full revamp of infrastructure and to be debt free.

I think they forgot to add Ratfcliffe and INEOS IN supporters who are claiming to be United fans.

Just cause they're happy doesn't mean we have to be sad, you know? I'd be happy any time a club is close to being bought by a country, but eventually isn't - including our own.

 

[Murder on Zidanes Floor]

Ratcliffe has been sold a pup. Offers £1.5bn for nothing more than a future promise of ownership and that cash injection will not be used for anything other than a swell dividend for the Glazers.

 

[Zora]

So many spoilt people in here behaving like my 7 year old son when I can’t afford the latest video game for him.

I loathe our fanbase at times. You see Man City and believe that’s right for Utd. A soulless, plastic, manufactured entity.

Hopefully this news means that the fans who dreamed of being owned by a human right’s abusing state will now feck off and support Newcastle Utd.

 

[Drizzle]

Exactly. And it's not Ratcliffe's fault either. He was focused and flexible and worked with the sellers.

Jassim postured to the fanbase and flounced off. He knew the Glazers were stubborn and greedy, but he didn't do what it takes to get a deal done.

 

[Redstain]

I understand the disappointment I'd have liked Jassim but fans have to remember it's the best run clubs that win the honours in football. City do indeed have money but they have the best people from the director of football to the best manager available in football for the last decade. Newcastle have shown just in a few years to have a superior hierarchy to United and that will compound itself over time.

If Jim is able to employ better people in the hierarchy and get the structure right the club will have a good footing moving forward. The investment into infrastructure is a big issue but I honestly believe the pressure of United will be too big a deal for any new owner to absolve themselves from this. The state of decay is what's driving the Glazers to get investment in the first place there's no way an owner wouldn't do a strategic review of all things from facilities to players etc.

The Glazers have run the club so badly that for any new owner it would be a dream to take over, there's not a million things that need to changed to head in the right direction, it's mostly about establishing the right structure.

 

[gajender]

Good post, it's better to wait for actual details rather than believing somehow Sir James Arthur Ratcliffe FIChemE is so stupid to be a yes man for Glazers by playing 1.5 billion.

Will be interesting to see if Glazers takes dividends now, if they take, will Sir James Arthur Ratcliffe FIChemE too?. Or will there will be some discussion not to take money out of the club considering the position we are in.

I believe nor Glazers or Ineos would be taking dividend going forward . Glazers irrespective of how the deal is structured would be coming into some serious money and I may be wrong but they didn't take dividend last time around either .

Ineos wouldn't take such unpopular stance so early into the process not until they have the full control I am presuming even if they do it at all .