Most definitely. To be clear, I personally believe Jassim's bid received a pre-approval/blessing from the top at minimum, if not financial backing. However, regardless of the origins of 92F's funding, it is quite apparent they had a hard-line stance on how much they were willing to pay to buy the club, and it is equally clear that at least one or two of the Glazer trust fund babies would have required a ludicrous figure to agree to a full sale now.
Club Sale | It’s done!
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It doesn’t help that his job title is quite misleading (I think?). It’s funny how many United fans don’t actually have a clue what he does though.
Oh so Mitchell would be in charge of picking youth team players to make the step up to the first 11 & putting input into new signings if they’ve got what it takes to be a Man Utd player after playing for the team for over a decade?!
feck, didn’t know Mitchell played for Man Utd for over a decade. Must’ve missed that.
Net worth ≠ money in the bank
The bid was from QIA. Basically Nine Two Foundation is QIA. The Times, Telegraph and Bloomberg have all hinted at this in their reporting, that it’s basically the QIA providing the muscle. Jassim’s involvement at Credit Suisse is a indication of that and family history is indicative of that. Sheikh Jassim is a QIA guy, where Jassim is involved, QIA is never too far away. Look at the QIB bank he chairs.
QIA is owned by the Emir who is also a Man Utd Fan. I just think Qatar didn’t want to be ripped off and made mugs off regarding price they also probably didn’t expect Ratcliffe to become so desperate to get a piece of the club and probably expected he would exit. But Jimmy was hellbent on getting the club
Have you been ever to the Middle East to make these statements?
No argument from me on any of those points. I would imagine their intention was "once" they got ownership, they would have shovelled substantial funds into the club for investment, but this was clearly not "win at all costs" on their part. They evidently had no intention of spending a stupid amount just to line the Glazers' pockets, not to mention the kind of precedent that sets.
All a moot point now anyway. On with Jimbo and praying his deal is one that results in him wrestling control away from these cretins.
Big day for rats tomorrow. One of their own.
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Hope so too, but not sure he’s got the money to do that.
Who the actual feck is this American Muppetiers kid? Why and how does he know anything about what goes on at the club?
Modern 'journalism' is laughably bad.
Modern 'journalism' is laughably bad.
Just a bunch of dickheads filling in the gaps. They know feck all. obviously, there are some mugs who take their crap as gold standard, but overall, has about as much of an idea as barry the united bus driver.
Ratcliffe tell INEOS “creditors” that he won’t be tapping into INEOS money to fund United stake. We can assume also anything to do with United in the future. So can we at least stop with the delusion of “INEOS make £65b a year turnover so it’ll be chump change to fund United” Literally the last string people were holding on has been cut by the man himself.
Ratcliffe’s Chemical Empire Reassures Creditors Over Man Utd Deal Financing
https://www.bloomberg.com/news/arti...al-empire-reassures-creditors-over-man-u-deal
Ratcliffe’s Chemical Empire Reassures Creditors Over Man Utd Deal Financing
https://www.bloomberg.com/news/arti...al-empire-reassures-creditors-over-man-u-deal
I suspect his other two partners baulked at the increasing price as the bidding process developed --- and pushed back against getting United on the company account. So now Ratcliffe doesn't want to lose face and is willing to go it on his own.
In view of his net worth, I really dont think he has the finances to buy 100% of United.
And nobody rational will ever spend nearly half their net worth on an investment like a house, never mind one that's financially less stable like a United.
(Btw Jassim's dad just got a $9billion line of credit the other day. Must be nice to have someone trust you with a personal credit line that big.)
Therefore I wonder if he will have to get either co-investments with PEs or some other fund, a sovereign fund perhaps? Or will he try and get favourable rates from the banks -- I would imagine an INEOS rate would have been much better than a personal one.
Don’t know. Creditors I assume to mean companies they owe money to, but I could be wrong. I remember someone on here mentioning that INEOS owed a lot of money.
But what this does do is end the belief, hope, myth, delusion that INEOS would be backing United and United were in good hands financially from INEOS. On the contrary I maintain it’s INEOS who will benefit from the association with United. Because while INEOS might make £65b to turn a £1.5b profit very low margin, compared to United who turnover £500-600m to make £100m profit. United are the better known brand.
This also raises the question about where money will come from for players, stadium, training ground.
Now that its his 'own' money I bet any spending on infra will be even more unlikely unless its some slapdash of paint.
Let's hope the board vetos the deal because it's getting worse by the minute. If he had any feelings for the club he should pull the deal and get together with Jassim or someone and screw the cnuts over and lowball them because this doesn't help the club one bit.
Do you think his 2 partners have pulled the Ineos support because how would he have afforded 69/51% or whatever it was?
Do you think his 2 partners have pulled the Ineos support because how would he have afforded 69/51% or whatever it was?
Yeah it's rapidly losing any appeal at all
They probably would have sold if Qatar had met their asking price for a full sale. But the Qataris obvioulsy felt that price was a piss take.
Nope, I haven't got two ha'pennies to rub together.
Yeah, Qatar can obviously afford us but don't want to pony up.
YouTubers are not journalists
Thats how you pretend to sell a club without ever really wanting to. Just put it on the market for a ridiculous price. If someone is stupid enough to pay a 30/40 percent premium then happy days. If not then oh well never really wanted to sell.
No, they tend to have far less bias and arent bankrolled by media companies that have close ties to agents and leaders at big clubs leading to skew on reporting.
Modern journalism is in the mud, your athletics, times, mail articles are full of fingers in pies and relationships with people at the top of organisations such as united, ineos, premier league etc.
On the creditors line with INEOS.
INEOS = Ratcliffe
Ratcliffe = INEOS
Its clever from him to publically state that he ha assured his creditors that he does not need debt to fund the buyout essentially wiping out the argument that he will be borrowing to buy the club and laying more debt unto it.
However, He is the sole chairman of INEOS which has two additional directors, if he wanted to he could loan himself 10bln from INEOS and no one would be none the wiser and he wouldn't need to borrow the cash from the banks.
The equivalent would be me saying I am going out to buy a coffee from costa and me writing to Halifax who I have a mortgage with to tell them I wont need to borrow money for it.
INEOS = Ratcliffe
Ratcliffe = INEOS
Its clever from him to publically state that he ha assured his creditors that he does not need debt to fund the buyout essentially wiping out the argument that he will be borrowing to buy the club and laying more debt unto it.
However, He is the sole chairman of INEOS which has two additional directors, if he wanted to he could loan himself 10bln from INEOS and no one would be none the wiser and he wouldn't need to borrow the cash from the banks.
The equivalent would be me saying I am going out to buy a coffee from costa and me writing to Halifax who I have a mortgage with to tell them I wont need to borrow money for it.
You tubers don't have sources like a proper journalist does.
It would be terrifically daft to assume this. Also, anyone that actually believes that Muppetiers source needs to give their heads a knock or two.
Why Fletcher?
Yes I suppose there would have been some level which was too big to turn down, but I assume it would have been something
ridiculous like £7/8bn (maybe even more)
Especially when you consider an extra £1bn is probably needed for infrastructure investment
Even state investment funds with vast resources will not go so far over what they consider to be fair value
Muppetiers have no sources I agree.
Youtubers are likely to have sources as much as any journalist and possibly more personal and connected people than "proper journalists".
You cant tell me a journalist who is fed the party line from the media part of a club is going to give you unbiased opinion or reporting like someone who may know a trainer in the academy or a coach in the first team who may be someones brother or mate or something like that.
Whilst the connection is more official, you will absolutely get people who know people at the club and connections.
I myself know people who know people at INEOS and earlier in this thread told you about what was happening months before any "proper journalist" could tell you.
If I spun up a youtube and started tapping into those people I could give genuine, best-in-class updates on the takeover. But I'm just a normal bloke and I cant be arsed. Its not a stretch to imagine others have similar if not better connections.
That is absolutely stone cold bollocks.
Whilst I don't deny big youtubers have connections, they don't touch the level of actual credible journalists.
Is there another deafening silence guys?
Is the Ratcliffe deal on hold? Glazers fecking about again?
Is the Ratcliffe deal on hold? Glazers fecking about again?
The cynicism towards The Muppetiers is hilarious. James Roades is actually very informative. Haters gonna hate.
No Ratcliffe deal was announced or confirmed.
Mark Kleinman hasn't said a thing about the deal, other than saying Ratcliffe is trying to offer 25% to buy the club, he broke the news well before anyone else.
It seems only him, has genuine info about what's happening. Let's wait for his update then we will know for sure something is happening.
Well said James
Link to an article regarding Ineos and debt:
https://www.telegraph.co.uk/business/2023/10/21/manchester-united-sale-jim-ratcliffe-ineos-bid/
One thing guaranteed about the Sir Jim bid is that it delivers a regular kick to the nuts -
67% purchase
51% purchase
25% minority interest
Sporting control
Sporting control with Slow Joel on board
Ineos are not buying but Sir Jim personally.
https://www.telegraph.co.uk/business/2023/10/21/manchester-united-sale-jim-ratcliffe-ineos-bid/
One thing guaranteed about the Sir Jim bid is that it delivers a regular kick to the nuts -
67% purchase
51% purchase
25% minority interest
Sporting control
Sporting control with Slow Joel on board
Ineos are not buying but Sir Jim personally.
If a deal doesn't go through Glazers have screwed themselves over really, they have impending interest on club debt, much uncertainty in the economic climate around the US / west and the pending dependency with the clubs stadium where there's likely minimal leg room to finance that investment. Jim putting up 1B+ of his own wealth makes minimalist sense, but there is likely a way this is being done where some capital will come through INEOS inadvertently I would imagine.
The problem with United is that inadequate performance isn't hampering the clubs value to the strength of the brand and it's appeal commercially. I don't see how Jim gets ROI on investing from his personal wealth, because even taking dividends given his age / life expectancy that method wouldn't break even it would be a young man's game.
I don't really have a preference between Jim / Qatar as strategic direction is the most important aspect (clubs hierarchical structure) but the Middle Eastern model is far easier to piece together.
The problem with United is that inadequate performance isn't hampering the clubs value to the strength of the brand and it's appeal commercially. I don't see how Jim gets ROI on investing from his personal wealth, because even taking dividends given his age / life expectancy that method wouldn't break even it would be a young man's game.
I don't really have a preference between Jim / Qatar as strategic direction is the most important aspect (clubs hierarchical structure) but the Middle Eastern model is far easier to piece together.
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A lot of ageism going on. Despite him actually not even being very young. He’s easily in his 30’s
Pretty pathetic stuff. Especially when you add in the fact that he's American
https://otp.tools.investis.com/clie...ed/usn/usnews-story.aspx?newsid=91517&cid=972
Forth quarter financials released...
Forth quarter financials released...
Have no problem with people disagreeing with him or anything but making disparaging comments about someone’s age is not really on. Has absolutely nothing to do with what he says.Pretty pathetic stuff. Especially when you add in the fact that he's American
Will be a shame that. Will have to find another cone dispenser
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