Club Sale | It’s done!
- Thread starter JB08
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I'm sure someone as powerful as Jim could hire a hitman for less than £1.4 billion. Obviously joking before I get banned and police smash down my door.
A United deal being delayed? Shock, horror and compete surprise from my side.
It's quite funny how at the start of this a lot of (including myself) were saying this is a different type of deal and not our usual football one. And yet, we've ended with (proportionally) similar saga in terms of the time and embarrassment incompetence aspect
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It's quite funny how at the start of this a lot of (including myself) were saying this is a different type of deal and not our usual football one. And yet, we've ended with (proportionally) similar saga in terms of the time and embarrassment incompetence aspect
.I'm hearing rumours that Sheikh Jassim's bid was not as bona fide as they made out. He only had direct access to 3bn and the rest was going to be from lenders. Ineos had 4.5bn in their bank account to spend right now.
This also tallies with the due diligence from their bid for Chelsea. Same amount of money.
This is why the Glazers needed PSG president Nasser Al-Khelaifi to vouch for Sheikh Jassim, because his numbers didn't stack up.
Obviously, they are going to spin a different story to save face, but their bid now seems to be a bit pie in the sky.
Ineos are still intent on full control of the club, but it will be in stages and the reason for that will become apparent when we see the 3pm blackout scrapped and AR introduced to football.
This also tallies with the due diligence from their bid for Chelsea. Same amount of money.
This is why the Glazers needed PSG president Nasser Al-Khelaifi to vouch for Sheikh Jassim, because his numbers didn't stack up.
Obviously, they are going to spin a different story to save face, but their bid now seems to be a bit pie in the sky.
Ineos are still intent on full control of the club, but it will be in stages and the reason for that will become apparent when we see the 3pm blackout scrapped and AR introduced to football.
Are you connected in the industry or is this Twitter 'sources'?
It changes because of FSP which was launched this summer. It changes for all clubs unless you have £1 billion turnover and no debt you can’t do Ex what you want anymore, wages going down with Saudi pro league is just a pipe dream?
3pm blackout at earliest 2029 that’s a long time in Football, we might be in the championship by then !
You know the Glazers will be pricing that additional revenue at 0% discount rate in their valuation though
this deal doesn't appear to make a whole lot of sense on the surface, does it?
something tells me there's gonna be more twists and turns before we get a resolution
something tells me there's gonna be more twists and turns before we get a resolution
The Ineos bid is financed.
With this deal they get their cash injection and the option of staying forever. They want to stay forever, people seem blind to this.
Just to correct your factual inaccuracies:
1. Qatar National Bank is by far the largest bank in Qatar, Jassim has no role there.
He is the chairman of the much smaller QIB.
2. This is correct and HBJ personal wealth is a possible source of money for the bid
3. That bloke died over a century ago, he's not the brother of HBJ
But I agree that this is all pretty meaningless now if they have actually walked away from the deal, just a shame that the best deal for the future of the club is apparently off the table.
Absolutely - so many questions need answering about this minority bid and sounds like it is far from the done deal some media sources were suggesting
I’ll think your find Woodward has only 0.05% of voting class B shares, they own 113m collectively from 164m shares issues which is 51m Class A shares which is 68.9% so normally rounded up to 69%
I've been with work this past week, can someone fill me in briefly.
I know Jassim has pulled out and that Ineos are potentially buying a 25% stake but what does this actually mean?
Will Sir Jim have overall control of the club?
Will the Glazers still be in control?
Who will be pulling the strings at the club?
I'm trying to get my head around it.
I know Jassim has pulled out and that Ineos are potentially buying a 25% stake but what does this actually mean?
Will Sir Jim have overall control of the club?
Will the Glazers still be in control?
Who will be pulling the strings at the club?
I'm trying to get my head around it.
No they will say the club valuation is now £10 billion because we allowed you to use your company credit covenant to build a new stadium for our club where we now wish to renegotiate as the club turnover and value has gone up exponentially so therefore ;You know the Glazers will be pricing that additional revenue at 0% discount rate in their valuation though
1. Assume new value requested by the Glazers is £8.5 billion and Ineos originally paid £1.5 billion plus invested £500m on debt repayment and squad enhancement.
2. Ineos have agreed to pay £2billion with debt restructure and squad improvements but their investment is covered by the increase in capital value of the club.
3. The Glazers agree to sell their remaining 75% of their class B shares which is now 84.75m to INEOS they can demand £6.38 billion or $75 per share, this is how deluded they are, but they actually believe that the 3pm black out being removed in 2029 will increase the value to these levels, ludicrous!
Nice having to suspend some of their players as well but for a different matter.
What is full footballing control and how does that correlate with 25% ownership?
Surely with only one bidder left the Glazers don’t still need to deliberate on this
Why wasn’t the Qatar interest dismissed straight away at the beginning of the process if that was the case?
The reason Ineos have had to go for a minority bid is because of the legal challenge of a better bid for all class A and B shareholders.
You’re saying Ineos have the money to buy controlling stock from anywhere between 51-69% but rather buy in instalments.
The Qatar bid does sound a bit all over the place but you don’t get 11 months into a process for no reason.
outsourcing football operations but holding onto the purse strings is classic. If ineos make the club more successful then the glazers will demand more money even though they did nothing. Seems an odd incentive for ineos
nobody knows the details for 100% sure yet
but I think the general plan is Jim to take 25% now and work towards full control in the future
Probably what's causing the delay.
Whatever your opinion of Ratcliffe, he won't just waste his money, so that some nepo kids can fleece him for more further down the line.
Think of Daniel Levy’s role
Levy doesn’t have full control. He was told by Lewis to sell Kane or sign him up on a new contract. Was not allowed to let him run his contract down.
Yeah but that was an extreme example.
EtH (and probably Murtough) wanted Kane and were told no by Arnold and Glazers. Very comparable.
Maybe Qatar was used to get the max from the Rat
Does stuff about who Nice are suspending belong in this thread?
What did he post?
"I'm hearing rumours"
You mean you just read it on twitter
"He only had direct access to 3bn and the rest was going to be from lenders"
Why would that matter to the Glazers?
"Ineos had 4.5bn in their bank account to spend right now"
False, their own financial report states cash at 2.6M. No company is going to have billions in cash sitting in a bank account. It well known SJR is borrowing money to do this, which is meant to be covered by Ineos.
So according to some posters here it was due to incompetence that Qatar couldnt make a deal with the Glazers....so does that go for Jim now as well, or might people be waking up the idea that dealing with the parasites is a nightmare?
It really is incompetence from Qatar they couldn't use state funds to buy United. Incredible incompetence which was precipitated by their talking up investments to woo supporters. Serious incompetence.
Ratcliffe ironing out these 'final details', even if he is unsuccesful, doesn't change that.
At least we know one of them exists.
This has got to be dumbest comeback resulting in this thread.
The guy is literally on the board of a major bank.
You've never met him though have you?
There''s a lot of real people used as a front for a takeover.
Why is this here?
Because our potential new owner also owns Nice so it’s interesting to see how they manage another club.
He shared a video where a Palestinian preacher asked god to send ‘a black day on the Jews’ which is quite overt antisemitism.
There have been players getting suspended for more nuanced protests against the Israel state, which has been awful. This is pretty bad on the players part.
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