there’s something hideously wrong if you’re patting yourself on the back because the Glazers are still here…
Club Sale | It’s done!
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there’s something hideously wrong if you’re patting yourself on the back because the Glazers are still here…
FFP/FSP is reliant on the late accounts more than anything, the club sold £40m of homegrown players so that adds £150/180m to our original £120m budget we had set aside from FFP, and a €30m investment would need to be paid in January to offset the 3 year debt rule, that’s why the accounts are critical and without seeing them no one knows anything about January budget.
Remember from a FSP (financial
Sustainability policy) we are still in 2023/24 season and that means we are in the 90% window, so in other words if our accounts come out next week and revenue is £650m and losses reduce from the £115m lost in the previous year to a more manageable £40m.
Then , this season the club would be able to spend £585m on wages, transfer fees, expenses, financials, Agent fees, interest payments to service the debt!
This is why the accounts are so
Important plus we’ve already spent £125m net in the summer so we really don’t know, my guess is if INEOS pay sone money in help with Cashflow which is the real problem, the club is skint, it’s probably only got a budget £70-80m plus which ever player we sell.
We will become more restricted in the following two years where FSP reduces to 80% then 70% so unless we pay off the debt, the club will be hampered massively in the transfer market in the next few years however Ineos do have the money to turn that all around ?
Fake news. I read on Caf (which is tier 1 source) how it is perfectly normal that minority shareholder can get full autonomy in spending club's money.
I'm patting myself on the back because I didn't sell my soul just for my beloved sheikh to lose out anyways after getting outbid 3 times by some guy and his company meanwhile he had the whole state backing him
And to address your claim about the Glazers: They likely aren't really here anymore.
I literally gave you an example of how he could say he doesn't want X player. Your whole argument seems to be predicated on the fact it is no different than what currently happens, newsflash: the current status qou is not working so a continuation of that is the last thing we want.
Also you haven't given your opinion on any alleged doping cheat coming in under Ineos. Whole thing is very unpalatable to me.
This move sees the end of us as a top club. No longer any chance of keeping up with City, Newcastle etc. Very confident we won’t a PL in the next 10 years if this goes ahead.I'm patting myself on the back because I didn't sell my soul just for my beloved sheikh to lose out anyways after getting outbid 3 times by some guy and his company meanwhile he had the whole state backing him
And to address your claim about the Glazers: They likely aren't really here anymore.
I'm patting myself on the back because I didn't sell my soul just for my beloved sheikh to lose out anyways after getting outbid 3 times by some guy and his company meanwhile he had the whole state backing him
And to address your claim about the Glazers: They likely aren't really here anymore.
Posts are coming across as child like gloating. I'm willing to bet you sell your soul everyday with your choice of clothing, phone you use, car you drive, who you bank with and even typing this rubbish on twitter. It's a shame Jimmy Glazer doesn't share your same moral compass as he is happy to do business with the Saudis. Gloating seems pointless given the facts.
Glazers are here and until they at least become minority shareholders. They OWN the club.
It seems to be the beginning of a stepped takeover process. We will be rid of them within the next however many years. Do you not remember that United went very many years without winning before Ferguson. So did Liverpool. Spurs right now are flying under a new manager. Football can turn in an instant. Calm your jimmies.
It’s frustrating that the Glazers are sticking around a bit longer but my word this is still a slow changes.
A 3 man committee where Ratcliffe is one, his most loyal and trusted advisor is another and Joel Glazer is a third? Doesn't that essentially mean that Ratcliffe controls the committee? What am I missing here?
This is extremely vague and quite nonsensical. What does "everything the club does" even mean? If execs run big decisions by the owners, that's pretty routine. I seriously doubt the Glazers are saying, "don't sign player XYZ", once again, that's what the executives do. And again, it seems likely that Radcliffe would like to be the primary owner that appoints and oversees those football executives.
The belief that Radcliffe is a fool who spent 1B only to sit in a corner while important decisions are being made is quite the break from reality.
It's ok to be worried, and it's even ok to overreact, the owners of the club are running it into the ground and it's hurting to watch the demise. You cannot blame anybody for believing some of the clickbait, because we are so desperate for good news, and so worried about this decline continuing or getting worse.
What's not ok, is the 'fans' telling other fans how to act, or not to worry or laughing and taking some sort of pleasure out of this. Some of the posts in this thread are utterly embarrassing.
What's not ok, is the 'fans' telling other fans how to act, or not to worry or laughing and taking some sort of pleasure out of this. Some of the posts in this thread are utterly embarrassing.
We’re already at that stage and if this doesn’t go ahead it’s only going to continue and get worse. It’s either this or the Glazers carry on as they have been.
SJ couldn’t or wouldn’t spend the money to buy the club so whatever he would have done is completely irrelevant.
How have they given them any decision? Seriously I keep seeing post after post as if people are unaware they the Glazers are the owner of the club. They decide.
You hit the nail on the head!
I guess there's an assumption that they would've sold to Qatar if they were the sole bidders...I don't think that's the case, though. Seems like they didn't have the money.
Without the change of approach from Ratcliffe there is absolutely no guarantee the glazers would of done anything. It's quite clear jassim never reached the glazers valuation and it's also quite clear some of the glazers weren't that commited to a full sale yet.
Sometimes in life you have to accept the compromise, it's far from perfect but at least Ratcliffe is buying some of the club with a view to eventually buy the glazers out and have a hands on approach and change the footballing structure and invest in infrastructure, that's if you believe the reports anyway.
Without the compromise there is every chance the glazers may have turned tail and gone back looking for minority investment from faceless American investment companies just to keep the cash moving with no sign of any changes or investment. Incoming.
We at least by the looks of things have some light at the end of the tunnel. It's a long way off still, but without Qatar's promise all deliver nothing offer still fresh in the minds, everyone would of bitten your hands off to have that light at the start of this process.
Full sale would of been great of course, but if noone meets the sellers valuation there isn't an awful lot you can do.
Which means it can't have been a state backed bid. Which narrative you going to run with? State backed or Jassim couldn't afford the price?
Yeah I figure that’s probably the most realistic option
Just to clarify, do you think Joel can veto transfers single handedly in that committee?
How is this going to be any different from how things are now?. A cyclist is running things as opposed to a banking man. Jim got a minority stake and the full takeover at the same rate would be 8 billion which he isn't going to do anytime soon. Glazers are still here .
What we wanted is a complete reset. Not sure why people don't get it.
That's a bit of a knee jerk reaction considering nobody knows the structure of any deal, and we're just taking the news that it's all signed from people who have spent the last year getting things completely wrong.
I would assume that until it's been negotiated otherwise, majority shareholders with Class B shares can do whatever they want with their business.
Honestly at this point I don’t get why people can’t try and be a bit positive and hopeful? It’s a shit deal, far from ideal, but Christ we’ve lived in misery for so long I want to believe some good can come from this shit sandwich we’re likely to be about to consume.
How would have been different under Qatar?
You are tremendously ignorant if you think there would be better qualified people in charge. Isn't the PSG chairperson an ex tennis player?
This is different because rarcliffe ownership will at least get the right people in charge. The tipped CEO had experience at PSG, Paul Mitchell and Michael Edwards have pedigree of their own.
The Qatar leaks just had players they wanted to punt on, not people with pedigree to identify the right players.
As I said before, this isn't a pub level handshake. Ratcliffe is not going to secure his stake until he can get his footballing control.
Got a feeling… some will still be happy if a glazer became manager of the first team.
Thoughts and prayers for United, just get behind the club, etc., etc.
Because there's no point. It wont change the outcome.
False Dawn FC. And this one isn't even a well concealed false dawn.
So true.
Among doping enthusiasts (skeptics ? inclined ?) "Marginal Gains" was always derided as a leaf of Adam to cover the no less scientific gains of a top PED program. To be fair while Sky might have found the words that's what USPS and now Visma is saying (Vingo has 500 grams less of stool in his system, that's why he flattened that ITT in France !). Certainly though there's some truth to it. If MU intends to be the best / an elite club, everything needs to be elite starting with the training center, the medical staff, etc
As we discussed into a different thread with another user, not sure it translates without friction to a football team though. Not to demean road cycling but it's not exactly the same scale of operation and it's easier to have control over key variables (the bikes and then having the riders fit to deliver maximum output).
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Lets wait and see, yesterday it was full footballing control, today its a three man commitee including Joel Glazer.
This is the most surprising part, and I’m referring to both the pro INEOS/anti-Qatari, and the pro-Qatari/anti INEOS faction.
In terms of intelligence and critical thinking, the human race really does seem to be regressing.
Could you possibly post the article?
We won't have common sense here! This is a place for meltdowns!
First it was Ratcliffe taking full control of the sporting side of the club, now it’s him and Joel Glazer. By the end of the week I expect it will be Joel and Avram overseeing matters and Ratcliffe will be allowed to make suggestions now and again that may or may not be listened too.
It is definitely the feature of a basic brain to adjust expectations as more information becomes available.
Thank you for the lesson, master thinker
He still gets control with a 2/3rds majority on the committee.
Possibly not. 2/3 in personnel not necessarily voting right.
You’re assuming a decision doesn’t need unanimous agreement.
Sounds as messy as expected, what a joke.
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