Business arm?
I’m worried at how this is being phrased. It’s not business arm, it’s actual control of the club.
I can’t see how Jim sets transfer budgets etc. this phrasing doesn’t make sense
Club Sale | It’s done!
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Business arm?
I’m worried at how this is being phrased. It’s not business arm, it’s actual control of the club.
I can’t see how Jim sets transfer budgets etc. this phrasing doesn’t make sense
We will know in due course
Don’t be fooled by wording. Business and sporting are different things. As long as he is focused on the football, that’s what us fans care about.
Do you honestly have a problem with our budgets mate?
“But, y’know, Jim will make one too many mistakes. They’ll see what I always knew and they’ll go in there, they’ll march in there, they’ll go ‘right, yeah, Jassim was right, you pissed off him, you pissed off him, y’know, right, you’re not the owner you think you are, right, so get out, we made the mistake’ and they’ll drag him out by his hair and that’s when the begging starts. Then they come to me and they’ll go ‘Ooh, Sheikh Jassim you were right all along, you were the right man for this job, you're the best man for this job. Will you come back?’ I'll be like, ‘Yeah sure how much money have you got? Because this is going to cost you, this is going to cost you.”
What a ridiculous statement.
Ratcliffe owns a few other clubs but claims to be a United supporter.
So that must put him in the same bracket as Jassim according to your logic.
United are not a team that should be owned by a petro-state, it's just not. We're not City, we're not PSG and thank feck we're not Newcastle.
If I was told 2 years ago that Jim Ratcliffe would be taking 25% of the club, with a structure to take full control, I'd have been delighted.
If I was told 2 years ago that Jim Ratcliffe would be taking 25% of the club, with a structure to take full control, I'd have been delighted.
Mitchell sucks. Only good thing about Monaco was Tchouameni who he wasn’t responsible for and they are doing better as soon as he left.
Yes, they have to be set and spent correctly.
If that is true, Jassim would have been a front for the Qatari government in some way. They would have taken loans through the Islamic Bank of Qatar and probably some government investment funds - loans from the state. Just because they choose not to call them loans, doesn't mean they aren't loans.
FFP would still have been a thing under Qatari ownership. Look at how the Saudis have to operate Newcastle.
In other words he's fine paying more in the long run in order to take sporting control right now, because he doesn't want to wait for the Glazers to be willing to sell him full ownership for the club to be successful. How dare he be so selfish.
Jim’ll fixit
Incredible story pal, can't wait for the sequel.
Well said!
The idea that Qatar were just going to walk in and magically fix everything was a complete nonsense anyway.
The fact that Sir Jim has effectively out manoeuvred Qatar too makes me think that they weren't particularly business savvy.
But the business part fronts the budget. The sporting part decides how it’s spent.
So again do you really have an issue? We know where the problem has been.
They both live in Manchester too so can get the tram in together on Monday mornings.
Seriously though, just some competent people in charge of footballing matters will at least go some way to making us better on the pitch. A refurbished OT and a new jacuzzi at Carrington can wait a little longer.
Does Jim have idiot children who will inherit the club when he kicks the bucket?
Both over hyped names though Edward’s has a better record
I don't believe the Qataris offer was a state bid. They would already be the owners of Utd if so, he didn't have the resources to do what ot took to purchase the club and follow through on his plans, in my opinion
I thought the issue was Glazers didnt wanna sell 100%. From what Romano reported, his bid was the highest, and he was willing to pump in loads of cash for the development of stadium, transfers etc.
It is not "my logic", it is what it is, common sense logic.
Investment fund, commercial, TV and interactive media, sponsorship and marketing agreements + stores (commercial) and the property management firms?
Sporting control means full control of the sporting arm; Manchester United Football Ltd, Manchester United Womens football Ltd, etc - which includes operating costs of the club such as transfers.
Exactly. Bring both of them in. We need as many sources of competency as possible.
“But, y’know, Jim will make one too many mistakes. They’ll see what I always knew and they’ll go in there, they’ll march in there, they’ll go ‘right, yeah, Jassim was right, you pissed off him, you pissed off him, y’know, right, you’re not the owner you think you are, right, so get out, we made the mistake’ and they’ll drag him out by his hair and that’s when the begging starts. Then they come to me and they’ll go ‘Ooh, Sheikh Jassim you were right all along, you were the right man for this job, you're the best man for this job. Will you come back?’ I'll be like, ‘Yeah sure how much money have you got? Because this is going to cost you, this is going to cost you.”
Brilliant
“But, y’know, Jim will make one too many mistakes. They’ll see what I always knew and they’ll go in there, they’ll march in there, they’ll go ‘right, yeah, Jassim was right, you pissed off him, you pissed off him, y’know, right, you’re not the owner you think you are, right, so get out, we made the mistake’ and they’ll drag him out by his hair and that’s when the begging starts. Then they come to me and they’ll go ‘Ooh, Sheikh Jassim you were right all along, you were the right man for this job, you're the best man for this job. Will you come back?’ I'll be like, ‘Yeah sure how much money have you got? Because this is going to cost you, this is going to cost you.”
Same desperate vibes for sure.Wasn't the Qatari bid all cash upfront whilst the Ratcliffe bid is all sorts of ifs and maybes spread over different time periods?
How were they magically about to make FFP no longer a problem?
Can someone with finance savvy, please explain, how $1.2 Billion buys a 25% share, but Jimbo values the club at $7.5 Billion, which is greater than the Qatari valuation of $5.8 Billion..I'm a bit confused by this...
I wish I had the ironclad certainty of those who proclaim the greatest football club in English history is now finished. Because Qatar didn't buy us.
Meanwhile, we'll be playing football matches next week and the season, and the world in general, will move on.
I think what people mean by 'finished' is that we'll not win as many trophies as we'd like.
It was good he wanted to pump in money but Jim Ratcliffe is offering more per share over time.
If the Glazers were benevolent owners they'd accept Jassim's offer but they're not and that's not how business works unfortunately.
I've said it before but nothing was stopping Jassim offering to buy a minority and then take over over time. The fans would've probably forgiven him for working with the Glazers.
I’m not sure that’s true. If Jim had control of the clubs finances we would be hearing it right now. There’s a big difference between being in control of the sporting side and having the means and authority to stabilise the club.
Ed Woodward was in control of the sporting side and he had to run budgets, transfer fees etc past the Glazers.
That’s the club. We need money set aside for infrastructure as an example, that’s not in the sorting side. The club has to spend money elsewhere on the club apart from the sporting side. Phrasing it as if the Glazers are simply running the marketing department is bat shit insane and reads as a PR move
Happy with what we’re hearing so far personally.
They can go support City then, simple. Following, supporting and loving a football club is much more than that. But instant gratification modern fans wouldn't know shit about that.
Yes. I'm not sure about his eldest son - but I've met his youngest (who is around 30) and he's a Chelsea fan.
Michael Edwards was the true architect of Liverpool's recent success under Klopp. He famously overruled Klopp and brought Salah instead of Julian Brandt in 2017.
Bringing him in as Director of Football would be a big statement and excellent move, best possible. We really, desperately need someone like that in order to spend money more wisely and hit occasional jackpots with transfers, like Salah was for Liverpool.
Are we sure about that? The club has taken out credit lines over the last few summers to pay for transfers. That’s not on the sporting side. The so called business arm has to take care of that.
That’s just one example.
I fully believe Jim has control as to how the budget is spent but pretending the Glazers are now far away from it all is wishful thinking
Agreed.
Perhaps this thread can now focus on what is going to happen with the club?
No one's bridging the gap with City until Guardiola leaves.
“But, y’know, Jim will make one too many mistakes. They’ll see what I always knew and they’ll go in there, they’ll march in there, they’ll go ‘right, yeah, Jassim was right, you pissed off him, you pissed off him, y’know, right, you’re not the owner you think you are, right, so get out, we made the mistake’ and they’ll drag him out by his hair and that’s when the begging starts. Then they come to me and they’ll go ‘Ooh, Sheikh Jassim you were right all along, you were the right man for this job, you're the best man for this job. Will you come back?’ I'll be like, ‘Yeah sure how much money have you got? Because this is going to cost you, this is going to cost you.”
We don't actually know how we're going to fare under Ratcliffe/INEOS, everyone is going OTT with their reactions. The initial soundings of changes at the top are positive, let's see how it plays out.
There was no guarantee Jassim would have made the correct decisions either.
V difficult to believe it wasn't with the size of the offer and context about the country.
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