I don't think he will but I'd love it if he does.
Leave the Glazers holding the bag and crawling back to Qatar or even Ratcliffe with much better terms.
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Club Sale | It’s done!
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I don't think he will but I'd love it if he does.
Leave the Glazers holding the bag and crawling back to Qatar or even Ratcliffe with much better terms.
BREAKING NEWS Glazers COULD pump 2bln into Old Trafford
Great, looks like a disaster in the making anyhow.
The worry would be they turn to a hedge fund.
But they would be even more than a unreptuble laughing stock than they are already are. (Within the business world).
2Bln what. Tonnes of horseshit
If they end up with no deal after all of this, they are going to be swimming in lawsuits. It seems a near certainty at this point that something gets done with Ratcliffe, so it won't matter in the end.
I'd love a hedge fund at this point. Those are some ruthless motherfeckers and at least there won't be any putting lipstick on a pig.
We might really suffer short term but if it means the Glazers feck off and they sell to someone else within 5 years after cleaning up the place, I'd be happy.
Still don't think it would happen because Ratcliffe's will get it done but I'd love it if the Glazers end up playing themselves in the end.
What's actually baffling is that you continue to be baffled by the fact that many United fans don't want our club to become a state-owned sportswashing project, as has been explained to you dozens of times.
I know your question wasn’t to me. My belief has nothing to do with the Independent article which I’ve not even read.
I think there, currently, isn’t board approval for the deal. If we look at everything we heard before only two Glazers wanted to stay and the other 4 wanted to sell. Also apparently other board members / shareholders didn’t like the Ratcliffe offer because it left them out.
It’s most likely a stalemate in the boardroom. Maybe even Avaron and Joel were expecting Jassim to offer more. But now Jassim has pulled out. There’s lots of boardroom convincing going on, and maybe even hope that Jassim or another party might come in.
I'd argue they already played themselves with the NYSE listing, which I reckon was an incredibly short-sighted move, but consistent with Glazernomics. They would've had a lot more flexibility in terms of how they could structure a deal and the shares they have sold over the years would have been of significantly higher value as part of such a deal now.
Aye, be some craic being their lawyer but Ratcliffe will most likely get something or other over the line. He does after all have great hair for a scumbag his age, excellent posture and a countenance suggesting he's smelt a solid shite one mile off, the jammy get.
It would be funny to see those absolute b-words get their comeuppance. 14 million for woodward I mean we deserve to fail.
I think you are spot on.
To add to it my guess is something along these lines:
Qatar did put a new final (TM) offer in which they felt met the Glazer’s long rumoured valuation (somewhere around the $7.5bn mark) and were furious when it was once again rejected so they called it quits.
Ratcliffe caught wind of this and went on the PR offensive. Last man standing and getting positive signals from certain Glazers.
The media then ran with it and the board meeting that was due a few Thursdays ago was mooted to be where it was ratified. Only it wasn’t because they don’t have the votes. Half the board (non-Glazer members) felt it’s not in the club or shareholders interest and one or two Glazers dissented to ensure there is no majority to ratify it.
On top of that if they are selling B shares to Ratcliffe which maintain the additional voting rights then they can’t be transferred to him without unanimous consent from all Glazers.
So now he’s basically no better off than he was when Qatar will still at the table. It’s never been a competition between bidders, the you need to meet the Glazers ridiculous demands before it can be deemed that.
If that report is true, then I reckon this is precisely what’s been going on.
What an absolute fecking shambles.
the only slight positive I’m taking out of it is that it increases the likelihood that the Glazers in their entirety finally feck off
Yes, but "many" fans did. Are we completely sure Jassim was linked to the State? It was under the 92 Foundation. Even if it was, there are vast amounts of supporters who have become disillusioned under this current ownership. I for one, am fed up of the incompetence from. Woodward to this past summer under Arnold.
I am also sick of these "leaks" from the club and people taking the piss out of this club in various ways whether it these owners, the press or supporters from City or Liverpool or even our own players on stupid money.
I want an owner who just does things right. Make decisions with decisiveness, logic and authority. Also, to start taking the long term view with planning in recruitment and facilities.
Reckon the board are good with the investment and happy to let Ratcliffe proceed with the three man thingy (as Joel is involved) but not sold on him taking over the club over full-time as they could get North Korea to give them 200 billion on the future.
Our supporters will love Kim. Sure, he's a wrong 'un, but the mass starvation of his people could swell our finances and see us build a new training complex and buy Mbappe, both Bellinghams and the evil demon thingy from Pan's Labyrinth all in one window. Salivating mouth emoji lad!!!!
Been on the independent and cannot see a
link to the twittered article above. Can anyone else see it? The Express have it but not the Indy.
Pretty much think our Sir Jim had some insight into the financial report about a month ago and made sure he said to the Glazers how can you turn over £650m per year and lose money with the United Brand?
Then he discussed how Arnold and Murtough are your senior Directors who run the day to day running of the club - and asked the question all the fans have been asking for 2 years.
How have they allowed a wage bill that high not to be competitive in the PL and CL?
Why have they bought Real Madrid cast offs who are 30 year old players and put them on £300-350k per week on long contracts just to amortise the high transfer fees of £100m for Varane and Casemiro ?
Who agree the £500k per week deal with Ronaldo ? On 2+1 contract?
Why are we not investing that money in young British talent and marquee players like Harry Kane who gets you goals?
Who agreed the Marcus Rashford contract of 5+1 on £325-350k per week ?
I’m sure he’s told them if they give him sporting control he’ll make United a force by making smarter sporting decisions. He’ll sack the CEO and Sporting Director or move them sideways to put his own people in place and it won’t care what ETH thinks or wants as he will have people he thinks are options to replace ETH( as long as it’s not Graham Potter!), if ETH doesn’t work. I think Sir Jim has basically given them a manifesto which might look something like this ;
1. 100 day review where he looks at the current structure.
2. He’s allowed to put his own sporting Director in immediately - Paul Mitchell to help him with the review.
3. Jimmy might want to make some money available for January but by that I think he stipulates that £35m is invested from the funds he makes available to alleviate FFP rules.
4. Will be pushing the Transfer Committee to make quick decisions on players that are sellable assets, watch out for Maguire staying, Jimmy boy will love him but I can see the following decisions being more pragmatic, Mctominay, DVB sold and Sancho being loaned and all actually being processed very quickly.
5. From a FSP/FFP point of view providing £35m is invested and we sell £50m of players. I can see a couple of crafty loan deals being done for Todibo and Midfielder which will mean that Nice fans will absolutely detest him.
Plus we’ll buy a right winger for £40-55m You might even find he wants Antony Sold to mitigate the risk on the player hoping someone gives him £35-40m, one thing’s for sure Lysandro Martinez won’t be getting his new £200k per week contract, he’ll be deemed too high a risk after injuries and Antony might have to sign a new contract at half his current rate to stay, this is how he’ll operate with an element of absolute ruthlessness! Antony is 23, in the press for all the wrong reasons and as a marquee signing that doesn’t deliver any real numbers, this guy is making Pogba £93m look like a steal compared to the crazy Antony deal.
6. He will ask Paul Mitchell to review the squad and tell him what’s needed and probably ask him to go get the necessary players over two to three transfer windows, he’ll also ask him to access who from the current squad are simply not good enough. The onus will be more on a British core and he’ll want to know how many youngsters City’s Academy has taken from United Academy, that’s why I think Darren Fletcher will stay, they always want to keep one member from the old management structure to deliver some form of continuity.
This is just my take on what I believe Jimmy wants to try and change, but what do I Know?
However a really sharp business man like Jimmy will know that the EbitDa position must improve and the club must not spend more than it generates in revenues, he will be very honest and say he’s not Man United’s Sugar Daddy and the club will have to stand on it’s own feet very quickly financially.
What he doesn’t understand however is that Joel and Avram think they are hugely experienced in football matters and have made excellent football decisions, that’s why I just can’t see them allowing him that much power for £1.5 billion investment.
Then he discussed how Arnold and Murtough are your senior Directors who run the day to day running of the club - and asked the question all the fans have been asking for 2 years.
How have they allowed a wage bill that high not to be competitive in the PL and CL?
Why have they bought Real Madrid cast offs who are 30 year old players and put them on £300-350k per week on long contracts just to amortise the high transfer fees of £100m for Varane and Casemiro ?
Who agree the £500k per week deal with Ronaldo ? On 2+1 contract?
Why are we not investing that money in young British talent and marquee players like Harry Kane who gets you goals?
Who agreed the Marcus Rashford contract of 5+1 on £325-350k per week ?
I’m sure he’s told them if they give him sporting control he’ll make United a force by making smarter sporting decisions. He’ll sack the CEO and Sporting Director or move them sideways to put his own people in place and it won’t care what ETH thinks or wants as he will have people he thinks are options to replace ETH( as long as it’s not Graham Potter!), if ETH doesn’t work. I think Sir Jim has basically given them a manifesto which might look something like this ;
1. 100 day review where he looks at the current structure.
2. He’s allowed to put his own sporting Director in immediately - Paul Mitchell to help him with the review.
3. Jimmy might want to make some money available for January but by that I think he stipulates that £35m is invested from the funds he makes available to alleviate FFP rules.
4. Will be pushing the Transfer Committee to make quick decisions on players that are sellable assets, watch out for Maguire staying, Jimmy boy will love him but I can see the following decisions being more pragmatic, Mctominay, DVB sold and Sancho being loaned and all actually being processed very quickly.
5. From a FSP/FFP point of view providing £35m is invested and we sell £50m of players. I can see a couple of crafty loan deals being done for Todibo and Midfielder which will mean that Nice fans will absolutely detest him.
Plus we’ll buy a right winger for £40-55m You might even find he wants Antony Sold to mitigate the risk on the player hoping someone gives him £35-40m, one thing’s for sure Lysandro Martinez won’t be getting his new £200k per week contract, he’ll be deemed too high a risk after injuries and Antony might have to sign a new contract at half his current rate to stay, this is how he’ll operate with an element of absolute ruthlessness! Antony is 23, in the press for all the wrong reasons and as a marquee signing that doesn’t deliver any real numbers, this guy is making Pogba £93m look like a steal compared to the crazy Antony deal.
6. He will ask Paul Mitchell to review the squad and tell him what’s needed and probably ask him to go get the necessary players over two to three transfer windows, he’ll also ask him to access who from the current squad are simply not good enough. The onus will be more on a British core and he’ll want to know how many youngsters City’s Academy has taken from United Academy, that’s why I think Darren Fletcher will stay, they always want to keep one member from the old management structure to deliver some form of continuity.
This is just my take on what I believe Jimmy wants to try and change, but what do I Know?
However a really sharp business man like Jimmy will know that the EbitDa position must improve and the club must not spend more than it generates in revenues, he will be very honest and say he’s not Man United’s Sugar Daddy and the club will have to stand on it’s own feet very quickly financially.
What he doesn’t understand however is that Joel and Avram think they are hugely experienced in football matters and have made excellent football decisions, that’s why I just can’t see them allowing him that much power for £1.5 billion investment.
Well what if it's not state owned? Have you ever even stopped to consider the possibility?
This is the daftest argument of the lot - Sheikh Jassim has walked away, are human rights in Qatar improving now ?
Obviously not - so in reality, there is no connection between the human rights situation in Qatar and who owns Manchester United football club
Now I’m starting to warm to Jimmy Brexit, this is how you do it play them at their own game and make them squirm.
Not so sure if it doesn’t suit him he won’t use £1.5 billion of his own money without something back, especially as he’s currently the only bid in town right now ?
I have, and i have come to the conclusion that it is highly unlikely not to be a state-backed endeavour.
Most people who do not want us to become a state-owned club are also disillusioned and fed up with our current ownership (in my case, since 2005). The two stances are not incompatible.
He’s not but the club may well get a loan through INEOS because their covenant currently is far more blue chip than United’s plus if they build a new stadium circa £1.25 billion with 95,000 all seater, retractable roof the extra 20,000 seats at £50.00 ticket for say 25 home games inclusive of cup and Europe would mean increased Match-day revenue of £30-40m with corporate, merchandising sales and museum visits.
They could probably get an inter company loan at 6% over a 20-25 year term which is £50m per year or take out the loan in INEOS name, if they cleared the club debt, then savings in that area would free up another £30-40m of interest which wouldn’t need to be paid. This can be self financing and also has no impact on FFP/FSP rules from UEFA so whether it’s a £500-750m refurbished stadium or £1.25-1.5billion new stadium, as long as they increase capacity it can work. Plus he’s only doing this if he’s got controlling stake!
Well said. That guy isn't even a Utd fan either - I think he's a troll.
The dumb leeches really did themselves a disservice with the NYSE stock listing all those years ago if you ask me, but it is in line with their philosophy of Glazernomics.
As far as Jimmy boy goes, definitely got plenty of vigour. I couldn't have articulated it better.
His face is liable to be permanently stuck in "just smelled a shite" after enough of those sporting meetings with Joel.Ye but moaning about every option is ultimately pointless - there is no ideal scenario, all have major issues so we just have to choose the best
There is no logic which supports choosing to stick with 10 years of mismanagement over the option of removing the Glazers, paying off our debts and rebuilding the stadium
I guess the 25% minority investment deal is better than sticking with the status quo but nowhere near the positive potential of the Qatari full sale
What guarantees that at some point Glazers will sell all their stocks to Jimmy anyway? they can just sell 25% now and never sell the rest.
Just because you are willfully ignorant of the logic, doesn't mean to say it doesn't exist.
I am sure Jimmy will insist on getting full control of the club. The question is agreeing on the future value of the club at that point of sale of the rest of the shares.
I bet there is a HUGE gulf in both parties' valuations; between delusion and financial/emotional upper limits. Both parties will use different valuation methods.
Whether its surmountable is anyone's guess. But based on the Glazers' 18 years here, my guess is delusion wins.
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Lots of hindsight vision there matey.
For example, would you allow Rashford to leave for free a year later after he literally kept us in the top 4 race last season? Then later, the Caf will be wondering why we had our 'incompetent' management had not started contract negotiation earlier. Same as Casemiro -- most of the Caf (and incl ABU pundits thought he was the best thing since slice bread halfway through the season.)
If they or the team are flying now, I bet you would not mention those two players. Maybe its the team and the lack of confidence or poor tactics or injuries.
Its easy to line-item things and pick individual issues from the outside. We don't know the parameters or priorities the coaching staff or management have to work under.
But also when you are running an organisation that is as heavily scrutinised as much as United, it's very easy to lose sight of the forest for the trees.
Well in that case it's a complete waste of time
The club debt was down to 300-400million, now it's in the 700m-1bn range.
It's crazy were spending 160m on Sancho and Antony at 500k per week for both on a right wing position that a well scouted 25m player could achieve much better output for 100-150k.
It's crazy were spending 160m on Sancho and Antony at 500k per week for both on a right wing position that a well scouted 25m player could achieve much better output for 100-150k.
He won't be doing any of these things because they will increase the price for him and even if he had solid call options it would just increase the rats' desire to stay. This is the moment where they are at their weakest and if he doesn't get majority ownership now he never will. That he isn't even offering for a majority ownership says it all, this is a deal to keep the club in limbo.
Quite plausible to me. Sadly I think Jassim is firmly out now too, he's not going to come back to the table i feel. Will be a stalemate for while.
Pretty sure he went to Bayern, mate. They don't pay their players enough to for them to be able to buy football clubs like United.
Yeah stalemate until at least next month
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