Kevin Durant is that you?
Club Sale | It’s done!
- Thread starter JB08
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Glad I'm not the only one then.
For me it's not so important whether it's entirely driven by passion or commercial interest, or more likely a bit of both. It's the way you do things, how you operate. You can have commercial interest but still be far more palatable owners than what we have.
The problem with the Glazers as much as the money they've taken out of the club is their attitude to ownership. It's distant, communication is appalling between owners and fans, owners and the sporting side. It's take, take, take - a completely one sided arrangement where they sit in Florida insulated from anything that happens and making shit decisions.
So for me if Jim comes in and is more for the commercial beenfit to him but takes the view that the actual sport is important to that, having fans on side is important to that goal, then fine. I've never been fussed about the odd dividend or wanting to increase a valuation.
The problem with the Glazers as much as the money they've taken out of the club is their attitude to ownership. It's distant, communication is appalling between owners and fans, owners and the sporting side. It's take, take, take - a completely one sided arrangement where they sit in Florida insulated from anything that happens and making shit decisions.
So for me if Jim comes in and is more for the commercial beenfit to him but takes the view that the actual sport is important to that, having fans on side is important to that goal, then fine. I've never been fussed about the odd dividend or wanting to increase a valuation.
Because the next television right deal is about to go out to bidder's, and there is talk about the rights from 2029 being run by the PL themselves on a Netflix style app. So they probably see value only going up.
Jassim pledged a lot of things but he couldn't execute step one which was to buy the club. I would pledge to eliminate the debt too but the fact is I cannot afford to buy United and neither can the 92 Foundation.
Impossible to buy a club that isn’t for sale, cocker.
Jassim obviously had every intention of clearing the debt - the notion he would’ve publicly declared to do so and then refused is as idiotic as it gets.
Also with your clear assertion that 92 Foundation can’t afford to buy the club I take it you’re now conceding that Jassim’s bid wasn’t a state bid - or are you simultaneously claiming ‘he couldn’t afford it’, yet it was a state bid?
He obviously couldnt afford it, unless he borrowed/was given it by the state. What odds are there of an independently wealthy multi-billionaire Qatar Sheikh who supports Man United and wants to save us for none propaganda reasons? Of course he couldnt afford it, without the state behind it.
Right, so if he couldn’t actually afford it, how is it a state bid?
Are you trying to say that Qatar couldn’t afford to drop 6/7b?
Either it’s a state bid, or ‘he couldn’t afford it’ - you can’t have both.
Simple really.
The due diligence found Jassim couldn't afford it and the funds he planned to use came in part or in full from the State.
If it’s not a state bid why should anyone believe in any of the grand promises he makes? The only reason to back Jassim’s bid is the unlimited funds of the state of Qatar behind him. Otherwise you’re banking your hopes on a random buy with no experience in football
Yeh, it's about as safe a bet you can get just now. So it makes sense for them to not want to exit right now, given the global economy is on the verge of collapse.
Decisions are made quickly? What is this voodoo…
Without the State backing Jassim is poorer than the Glazers, some of them on an individual level.
We'd possibly be looking at a Málaga, Portsmouth situation without the Premier League's checks in place.
James Ducker reporting Ten Hag still wants to have a say in Transfers under Ratcliffe ownership. When is Ten Hag going to get the message that he is terrible at transfers and scouting and should stick to coaching and managing the team and let the incoming Sporting Directors take charge of recruitment
Sick of his obsession with signing Ajax/Dutch Players
Sick of his obsession with signing Ajax/Dutch Players
I don't think I said anything about it being a state bid or not. There was a great deal of confusion surrounding the bid by the 92 Foundation and it was never proven that they actually had the funds to back up their offer. Quite a bit of the reporting following their withdrawal focused on the fact that it was difficult to figure out who was actually running the bid and there was even an approach to Nasser Al-Khelaifi to see if he could vouch for Jassim as the Glazers were skeptical about whether the bid was entirely credible.
Fair enough.
A lot of people (as seen above) are stuck on repeat that it was defo a state bid are now simultaneously accusing Jassim of not being able to afford it - seemingly unaware of the impossible logic of holding both opinions.
They're not contradictory though. And the logic is sound.
Surprised to still see this level of ignorance after so many months of this saga.
I assumed everyone knew by now that Sheikh Jassim's father, HBJ, is one of the richest men on the planet.
Sheikh Jassim himself was the chairman of the family private investment fund for many years - the idea they couldn't afford it is just plain wrong.
Money was never the issue, clearly the Glazers either valued the club much higher than 92F or didn't want to sell 100%.
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What absolute tosh. He made a bid, which Raine would have proved source of funds, at a value almost double the market cap and Enterprise Value. Of course he could afford it at a price he felt more than reasonable. Sir Jim has the same problem now - even he can’t ’afford’ to buy the club. So we are now in limbo land with around 25% of the Glazer’s shares being offered to line the Glazer’s pockets, with not a single penny going towards the club. The strategic review was purely about finding new investment for the club, and right now we are looking at a deal that does nothing for the club but props up the Glazer’s finances.. Oh, and we’ve got Dave Brailsford coming in to sort us out.
Yes, they are, blatantly. And there isn’t any logic behind such nonsense other than, ‘I must not concede a millimetre of ground in interwebz footy talk’.
We’ll agree to disagree.
His dad may well be one of the richest men on the planet but even that isn't exactly clear. Estimations vary wildly from £1bn to £250bn.
Didn’t his father publicly state he had nothing to do with bidding for United and didn’t like the investment in a Bloomberg interview?
They're not. They can be two separate POV.
Jassim as an individual cannot afford to buy United.
Jassim with the backing of Qatar can, but cannot pass the leagues checks because of the backing.
Qatar cannot just dump billions into an account for him either, because that flags up a number of issues well above the remit of the Premier League or UEFA.
That’s not what I’m saying. I believe it was a state bid and they could afford. But if it’s not a state bid why the bullishness for Qatar? Makes no sense
Malaga was the first team I thought about.
They should also be giving guidance to shareholders regarding the strategic review - but don’t expect too much
Even if he was capable of financing the takeover, Raine and the Premier League are going to want to see proof that he can not only afford the initial takeover but also has the wealth to secure the clubs future financially.
I can't imagine HBJ likes the idea of his finances coming under scrutiny just to please his son.
At this point, I think it's safe to presume one or two Glazers (at minimum) had only an outlandish "feck you" price that it would have taken for them to sell now, which was not even approached. In effect, this means the full sale now was never "truly" an option.
I thought the £10B reports were fabricated at the time but given what has taken place, it has become a lot easier for me to believe that is what it would have taken for Joel and Avram, if not more of them.
If a majority of the Glazers genuinely believe they are better off holding onto their shares, I don't know why they would want to sell anything to Ratcliffe right now. I would think it makes more sense to issue new shares to INEOS and inject the cash into the club. If they want to hold on, I figure they could alternatively make INEOS only buy the Class A shares as part of his tender offer and agree to give him the same voting rights as their Class Bs.
Of course, we have seen how they operate and these trust fund babies are simultaneously too short sighted to use cash to invest rather than take the cash now via dividends, yet are also too greedy to want to sell up a controlling majority. It seems they want to keep their majority, find someone to buy a minority, collect a payday as part of that deal, expect that minority investor to pony up and invest outside funds in the asset while the Glazers collect their salaries as directors and try to fire up the ol' dividend machine. Absolutely maddening. It feels like Ratcliffe either comes out of this as a hero who (eventually) pries the majority away from these utter bellends, or becomes the villain that facilitates their stay. I feel the former is more likely, but the Glazers are dug in deep and it may take some time.
"How to Have Your Cake and Eat It Too: Life as a Glazer Trust Fund Baby."
I've a vague recollection that Al Thani was also his name and played a role in the regulations around takeovers being tightened.
Which would be a little ironic.
Who gives a shit about Qatar's state bid now, anyway?
They've pulled out.
Incredibly incompetent campaign, trying to 'give it Becks' and gentrify Miles Platting or some other shite.
As you know I've maintained for months, Jim'll Fix It will fix feck all, but Qatar's state bid was much ado about nothing. Clearing debt so he could but Messi to show his daddy.
Back to falling asleep in board meetings.
Very strong "old guy from Howards Way" TV show vibe there.
Next we'll be told he's been "building clubs for 40 years!"
The collective worth of the whole familly is $275bn while Shiekh Jassim is personally worth $1.2bn although the bid isnt from him alone it is from the Nine Two foundation which has several different backers.
TBF with Brailsford onboard it's somewhat of a 'marginal gain' going forward -- despite ratcliffe spending £1.25billion.
So now we will have a dual-decision making committee, with a non-Glazer face involved.
Marginal gains at work once again.
And depiste it all, folks hear still think the Glazers are dumb. They have suckered in one of the richest man in the UK/Monaco
He said he wasn't a football fan but that his sons were and wanted to push for this investment.
I have this feeling that Ratcliffe is not going to find that pathway to complete control. I would not be surprised if the Glazers retain complete control. I do think you are right about 2 elements of this. a) the Glazers wanted £7.5 billion upwards to sell and b) this is going to take months (again) to reach a conclusion ,if any..
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I think a complete sale was off the table once there were only 2 main bidders wanting overall control. I think the team will certainly decline on the pitch and the mood surrounding the club will be one of doubt and disenchantment.
Mister Marginal Gains:
So we’re going down the Liverpool route now.
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