Well I don’t understand this difference. Does Ratcliffe get to make footballing decisions? What does that even mean? Does he get to decide transfer spends and wages offered. If so then does he get to spend like £300m on transfers without the glazers having a say. This control over footballing decisions is a load of bollocks. The glazers wont hand him the keys to the kingdom if he owns 25%.
Club Sale | It’s done!
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Jim was willing to pump 4bn into Chelsea but is only willing to pump 1.2bn into a club he supposedly supports. I find that slightly worrying. I just hope this actually leads to a change within the club, I’m not too confident as things stand
We cost more than Chelsea. Should he have pumped 4bn for 50%
Only willing? What are you talking about? People on here seem to forget that the Glazers are the owners of the club. If he’d have gone for 100% he’d have been quoted the same stupid fee as Jassim. You’re making out the Glazers are just asking what stake people fancy. He’s actually been very smart and is creating a situation that the Glazers, the owner of the club, are WILLING to accept. That’s before you even dig into the ridiculous comparison with Chelsea’s situation.
I just hope, wherever Jassim is, he’s doing what he loves: smoking in board meetings while not paying attention.
Feck sake Jassim.
Angry mob : Soooooo you want Qatar?!?!?
Dont get me wrong mate, i share the same view. Our club needs full sale.
Funny how I get these responses all the time and it's because people of your ilk just literally look for confirmation bias.
My positive or neutral posts are just ignored, so it just proves people only ever react to what they want to see.
Sure, whatever. How much are we talking?
If I lose money on us making top 6 (should have said 5 because 6 would be just outside CL but whatever), I'm sure I'll make it back in reduced stress of watching us be shit all season.
I don't want to derail the thread but I thought we'd melt down in the last OGS season about 1 month into it.
I literally was hoping we lose quickly in the CL, so he gets booted and we can get the season on track.
And that was probably more pessimistic than now where even if we play well and have no injuries from December, we still have some pretty stiff competition from all the usual suspects (City, Arse, Pool) plus a whole lot of other good teams (Newcastle, Brighton, Villa, Spurs) and maybe even the laughing stock of last season (Chelsea).
I actually think top 6 would be a great result.
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They'll announce Sancho?
It depends on descriptions of the executive roles the board creates, but generally, boards of directors don't care about the day-to-day operations of a company. Their primary job is to protect shareholders and hire/fire executives.
I would assume that part of the deal is a provision where Ratcliffe would appoint an executive in charge. Usually, the board approves budgets, so I would also assume transfer budgets are voted on. So yes, the Glazers would have a say, but so would Ratcliffe, however, neither is picking the players or determining the contracts. Transfer budgets are the least of the concerns.
He made previous bids for United of upwards of 4bn which he had to pivot from because it became clear that the Glazers were reluctant to sell right now. There's most likely going to be a clause in his purchase of the 25% that means he will fully buy out the Glazers in time so I really don't see your point here.
I'm tempted to meme the shit out of INEOS/wine for the next few months just to annoy everyone. We should partner up!
It's tempting.
That’s basically what the Glazer’s have allowed him to do. Said this before but he is the only buyer that seemed to bend over backwards to accommodate the Glazers and it looks to have paid off for him (and them). Maybe they were only ever looking for minority investment and will feel they’ve got a huge win here.
I see the difference, yeah.
Hes willing to do more than 4bn for United but can't because the Glazers don't want to sell their majority stake yet.
He bid 2.5b for 100 % of Chelsea, and is reportedly bidding half of that for 25 % of United.
There is obviously a whole bunch of questions that need answering about the INEOS bid - G Nev and MUST have both published their open letters with long lists, I can't keep up.woth this thread but assume these have both been posted here
But the first question is, where will the initial 25% come from? Are certain of the Glazer siblings cashing out completely or is each one selling a portion?
But the first question is, where will the initial 25% come from? Are certain of the Glazer siblings cashing out completely or is each one selling a portion?
The structure is unknown but you'd imagine it's a hybrid of Class B shares (which Glazers own and give the board influence) along with Class A shares (so the hedge fund investors get their premium and don't pursue any legal pushback).
It will be a proportionate amount that gives INEOS around enough control for footballing autonomy. It may mean they restructure what class B shares mean and all that. Nothing is off the table and I'm sure they can get quite creative in making something work. But it also takes time so I am not surprised the board vote is slightly pushed back.
I don’t know why we keep acting like we care about all this or even know what it means
All we care about is will we be seeing a culture change at this club.
I actually don't expect it to include any Class
A shares - it will be far too complicated.
I'm expecting these to just be some combo of Glazer shares
But who knows, like you say, nothing is off the table
I also think we could easily be waiting until 2024 before even a minority investment deal is actually agreed
Speak for yourself mate - I certainly know what it means!
But yes ultimately the most important question is, will anything actually change?!
Ratcliffe's initial objective was to do just enough to gain control of the club.that failed.
Now it's to do enough just to gain control ... Of the football operations. What if this proposal fails with that bid?
Next ..do enough to gain control of the F&B operation?
According to Mike Keegan there is "zero chance , Jassim comes back in".
I have also read that his ceiling for his offer was not high at all. After debt. It would have approximately £4.2 billion for the Glazers.
The funding of the stadium and the areas surrounding Old Trafford was likely to bevstate funded.
It is also fair to say the 92 foundation bid was not progressing since early June.
It goes to show how much crap people in the media have been talking when referring to this potential sale.
I have also read that his ceiling for his offer was not high at all. After debt. It would have approximately £4.2 billion for the Glazers.
The funding of the stadium and the areas surrounding Old Trafford was likely to bevstate funded.
It is also fair to say the 92 foundation bid was not progressing since early June.
It goes to show how much crap people in the media have been talking when referring to this potential sale.
Yes…. That’s what we all want to know. It’s pretty much all the hope we have.
Big day next Thursday.
Will be interesting to hear the Qatar side of their offer, the process with both Raine and the Glazers and how it all went.
Until something is publicly spoken then I wouldn’t assume anything is done and dusted.
Also not expecting to hear much at all out of the board meeting tomorrow - the slow news and pure speculation process will just roll on.
Yes definitely a massive step down in hope from the expectations of a full sale and clean break from the current board
I know. But let’s be honest they was never going to let Qatar own United. The ‘right’ people never came in so they figured another way.
I believe there is politics in everything with a lot of mine involved.
No one seems to have posted this:
https://x.com/hellierd/status/1714696877256425504?s=46&t=-CWsO3kA7ZeCOTYwtcOsQg
https://x.com/hellierd/status/1714696877256425504?s=46&t=-CWsO3kA7ZeCOTYwtcOsQg
I would be not surprised if we did not hear anything at all from their side. I think what we have heard or read is primarily what we will get going forward.
It will just be that "we would have wiped out the debt and renovated the stadium."
We may hear things from Raine. There may be leaks from someone there saying how arduous or difficult the process was.
I am just beginning to think the Jassim bid was mutton dressed as lamb.
Nobody at United wants the club to fail, including the Glazers. It's tempting to assess those clowns as uncaring and greedy but that is how you know they want us to succeed: doing so advances them.
We clearly need a change in personnel to provide the direction and expectation.
Can Ratcliffe et al provide this? Possibly, possibly not, but they're likely a strong improvement over the glazer family.
Rumours abound on how Qatar will have ran us: marquee signings and 'investment' to make Qatar look good. Executive roles for people like Beckham, cronyism, in real terms, the same deadly
mismanagemnt which has plagued United for a
decade. They'd have more money but not the nous to use it. Sound familiar?
It's all contingent on whether the Glazers can be removed from the football side of matters. I think this is the hold-up: they're worried they can't control #Pogback money-spinning transfers. How Ratcliffe negotiates the next fortnight is key.
I’m wondering does 25%, 12.5% which is Glazer shares, does that really give you full control of sporting operations at a club like Man Utd?
Even paying a premium, I can see this being a problem for Jimmy Glazer.
Even paying a premium, I can see this being a problem for Jimmy Glazer.
Will ratcliffe have more leverage in negotiating now that Jassim has dropped out? In theory yes.
I certainly would and you know the cnuts would. Can we get that crap so they have to sell for £1?
Did jim put this bid in before Jassim pulled out, I can't remember?
The meltdown in here when the club releases a statement to say we will be releasing a statement in due course.
Happened around the same time but I don't think anyone can say for sure which happened first.
Yes, but glazers are sensitive souls. They may not appreciate further renegotiation
We won't here anything from them publically, they signed an NDA. What has been said by Romano is going to be the closest to a personal announcement.
The only reason Jassim has pulled out imo is because the Ratclffe offer is happening, re-negotiating isn’t an option as this is all they will accept.
Him pulling out just saves face so it’s not reported he got beat.
The problem in this thread is people are speaking factually when in reality none of us know what’s going on or how this will work out, I am convinced though that Ratcliffe isn’t a stupid man and will ensure he gets the terms he wants, even if it means dancing to the Glazer tune initially.
Him pulling out just saves face so it’s not reported he got beat.
The problem in this thread is people are speaking factually when in reality none of us know what’s going on or how this will work out, I am convinced though that Ratcliffe isn’t a stupid man and will ensure he gets the terms he wants, even if it means dancing to the Glazer tune initially.
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