Club Sale | It’s done!
- Thread starter JB08
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Maybe they won't put the debt on United's books as that would basically bankrupt us soon enough when it comes to payment terms. However, nothing will stop them from taking a bulk of the interest payment cost from our revenue to service this debt repayment.
Glazers have already shown that the value of the club keeps increasing despite the absolute shambles on and off the pitch. Maybe Ineos feel the same way. They can easily maintain the status quo and can plan to sell the club a few years down the line for major profit. Nothing would surprise me at this stage.
His other sporting endeavors have been very successful. He hasn't been in football long enough to draw a firm brought opinion, but at base level:
- He isn't taking money out of his clubs
- He is trying to make his clubs sustainable
- He actively tries to improve his clubs, rather than ignore them like the Glazers
Maybe, just maybe, instead of us suddenly becoming Newcastle under Ashley, maybe we'll bring in a boardroom who knows what its doing and can spend money wisey which we havent done in a decade. Liverpool and Arsenal arent owned by Qatar or the KSA. The correcting the problem with this football club has nothing to do with needing super wealth.
There's no logic in that. The Glazers are not that wealthy. They won the lottery with United, but they took money out of the club to fund themselves as that actually made sense and was a difference making amount of money for them.
Ratcliffe is many multiples wealthier than the Glazers. Bleeding the club dry for what is essentially chump change for him is pointless. Interest payments to service debt for him or Ineos makes no sense.
Absolutely.
8 Newcastle United Pts13
10 Manchester United Pts12
Far, far ahead of us. Understandable though given our dreadful start and their incredible journey. We'll never make up the gap either, doing so would surely go down as one of the greatest achievements in sporting history.
It would value the club closer to 8B. Again there's been so many conflicting reports I don't know what to believe. However, I genuinely don't think they value their share for less than 4B and the club value for less than 5.5B (which is what it will be based on 25% of class B shares alone).
We should get more info soon though. For now, I can only pray that Ineos removes our existing debt (at least get it off our books), put in a competent team to manage the footballing side, and have a path to full ownership in a year. Cannot stand the Glazers scum anymore.
Jim needs around 8 billion (6B for the club, 700m debt, 1B+ for stadium/facilities) before we even start looking into the transfer market to make this ‘takeover‘ viable from many fans point of view. He isn’t putting that on INEOS it would tank the company. That’s why the Glazers will be here in 10 years this guy doesn’t have the required cash to do a proper job.
Very similar situation to when the Glazers bought the club. We’ve learned feck all.
It will be another entitled boomer on the board.
some posts here reads like copium fan fiction. Their other INEOS sport ventures are pretty crap. Nothing in their track record suggest they are fit to take us on a journey of success with or without investment.
I think if Ratcliffe's shareholding gives him control of the Sporting side of the club then that alone should make a difference imo. Because the biggest problem has been the Glazers. It's not difficult to develop a competitive team if everyone is on the same page.
And Ratcliffe has made mistakes at his other club, but that was mainly due to temporarily putting a cyclist in charge of the football side of the club until they brought a football person to lead on the football side of the club.
I'd personally bring in Lee Dykes from Brentford who runs their recruitment department and I think he would be a strong addition to the recruitment department.
The club revenues ain't that high when you look at what is actually left as profits after costs are taken out, there is probably some streamlining to cut costs in places but nowhere near enough to make any sort of financial impact on any borrowing Ineos may do without tanking their investment and these people are not idiots
I said this earlier. We’ve been here before & will again.
Ok, please provide an alternative.
Internal transfer payments like that will almost certainly happen, otherwise INEOS would effectively be giving the other shareholders a free ride.
His whole company is worth 30B? And not much of it is in liquid state, guy will have to loan to do anything and use insoluble assets as security.
I wonder if there was any truth in this. It might not be the smoking gun we are looking for but it could explain why the Glazers went the way they did.
Article detailing some of the plans
Why would it not make any sense? The Glazers have shown a model where the brand value keeps increasing irrespective of the performance on the field. Why would that suddenly stop?
For the record, I am not saying that Ineos will "definitely" get us to service the interest payments, but I have nothing to point to to just assume they wouldn't apart from "they are already rich".
Fully agree with Crafton for once
So facilities like we expected take a back seat. Look forward to them finally happening in 10 years time
Sir James Arthur Ratcliffe
Edit; nope, didn't autocorrect me
Edit; nope, didn't autocorrect me
From bad to worse with Brexit Jim lining the money sucking Glazers pockets. Because you know not a pound of that will be put into the club.
That quote
”There’s no point in having a magnificent stadium like Tottenham if you haven’t got the team’’ One source said.
Already shelving plans for the stadium upgrade.
Glazernomics 2.0
Again, no.
His other sporting endeavours were at the peak of their success long before Ineos invested in them. And they've declined since.
Well if he's only taking over football matters this would make sense. The Glazers will still be in charge of commercial and infrastructure matters so expect the training ground and stadium to be delayed until Ratcliffe assumes full control.
Or he could still upgrade things but would maybe have to agree with the Glazers. I don’t see why they would stop him investing in the infrastructure or training ground
Because that's not what Ineos or Ratcliffe have done in literally any of their other sporting endeavors. And it's not the "normal" thing to do. I'd say at base level it's fair to assume Ratcliffe will be a normal owner until proven otherwise. Glazers are shit owners and completely ignore the football side. Whatever internal financial things happen, I'm not sure on what is standard and what isn't, but what isn't normal is an owner who regularly takes money out of a club and invests 0. Ratcliffe and Ineos have done the opposite of that everywhere else, which is also what the majority of owners have done. The Glazers are the exception in how they do things. Your fear is "what if the new owners are in the 1% of garbage tier owners again?". It's not a rational thought. I mean it might happen, but we literally have no reason to think they will be vs anybody else. That risk exists for everyone.
Brand value grows until it doesn't. Nothing to say it grows endlessly. The football cash cow has stalled the last few years with so many clubs regularly turning in losses and not being the endless exponential growth like the 90's, 2000's and 2010's. That's why you see many of the big clubs looking at investment sources or full sales. Some think it'll still grown others think it's peaked or will slow down and the costs won't be worth it anymore.
So is there a law in place that means Ineos are the ones that will have to pay off this new debt? Like something from the FA around leveraged buyouts that will state that the club's revenues can't be used to service this new debt or can Ineos start taking from the club to service it if they want to?
I am not saying we will be servicing the interest payments entirely, but could well be doing some amount of internal transfers. Unless Ineos owns 100% of the club, why would they allow other shareholders to get the benefit while they make substantial payments to increase the value of an investment of which they could potentially just be owning less than three quarters.
Did I quote you I’m sorry
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Which of their other sporting ventures would have seen them spending 5-6B pounds (just to get ownership and not considering other investments to be done over and above that)?
Genuinely curious as I have seen this being mentioned as some sort of proof that they won't do the same in this scenario.
Yeah unlikely for facilities to be under their remit with just 25%. But being able to revamp the structure and operations is a big deal and the most important one. Hopefully he changes us to operate smartly, implements a modern structure and puts the right people in charge, and we see a gradual improvement. Will take time for a real impact as doing things the right way usually means you aren't spending 100m on players or buying players already in their primes. Stuff that has an instant impact but also leads to a quick decline and running out of cash (like us now).
Bloody optimistic about the maturity, but he's 100% correct about the need for Ratcliffe and INEOS to communicate this well. If they stuff that up again, like they did to a degree first time round, the knives will be out from the start. Already a lot of people wanted Qatar, they need to be won over but not sure how they can be if the money isn't there for the investments. It's fine to talk of a long game, but there needs to be evidence or structural agreements ensuring it and they need to be communicated.
Period of reflection for me. Do I want to replicate what others have done over here....absolutely not. Dont want to be City or Newcastle cause personally not interested in what happens in 10 years, Im more what happens in 50 years. They can win as many titles and trophies as they want, but lottery wealth and things bought with it is always hollow. City are no more relative other than the here and now....the boy band that has record number ones but I'd rather be the Beatles.
If Sir Jim and family reinstates us with relative 'honest' money and 'clean hands', building the club up properly, upgrades OT, continues to develop youth that actually make the first....then thats worth waiting for.
If Sir Jim and family reinstates us with relative 'honest' money and 'clean hands', building the club up properly, upgrades OT, continues to develop youth that actually make the first....then thats worth waiting for.
Well if its one or the other, just give us a good team. Just give us one!That quote
”There’s no point in having a magnificent stadium like Tottenham if you haven’t got the team’’ One source said.
Already shelving plans for the stadium upgrade.
Glazernomics 2.0
The guy on here who wanted Ratcliffe to sack Glazers to prove he has any power while on 25% will be disappointed.
Yes. Hope they'll address this once the deal is done. Ratcliffe has been quiet so far but I assume it's to do with some sort of a non-disclosure agreement with the Glazers?
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