seems odd to me, Jasim was paying a premium and so it will take a fair increase and I’m sure Jim has some caveats in the respective agreements so that he’s not effectively paying twice.
Club Sale | It’s done!
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seems odd to me, Jasim was paying a premium and so it will take a fair increase and I’m sure Jim has some caveats in the respective agreements so that he’s not effectively paying twice.
There finally seems to be some concrete news around investment & expected completion of the deal and we're not selling our souls - possibly forever - to oil money and state control. What's not to like?
The Glazers are still hanging around like the leeches they are, but it's clear the plan is to ease them out. The alternative could easily be no SJR investment and no hope of change whatsoever.
The Glazers are still hanging around like the leeches they are, but it's clear the plan is to ease them out. The alternative could easily be no SJR investment and no hope of change whatsoever.
Basically, Jim is holding a carrot to the Glazers that he will put an extra £250m into the club if he has an option to buy more shares. Glazers know that more investment means the value of the club will be higher down the line, but they would rather not use their money.
This still does not satisfy answering the question of how to fund the infrastructure restructuring?
Will the club put a new lick of paint and a new stand with that money? As this is not enough for a new stadium that is for sure!
Will the club use the money solely on training facilities, but once Jim gets more shares down the line then he will put even more money for a new stadium?
Will it be part cash/debt of a new stadium, where Jim will put a quarter of a billion in cash and rest will be debt?
Basically, this news just provides more questions than answers.
They need to be very clear of what fans will expect in the next 5 years.
This still does not satisfy answering the question of how to fund the infrastructure restructuring?
Will the club put a new lick of paint and a new stand with that money? As this is not enough for a new stadium that is for sure!
Will the club use the money solely on training facilities, but once Jim gets more shares down the line then he will put even more money for a new stadium?
Will it be part cash/debt of a new stadium, where Jim will put a quarter of a billion in cash and rest will be debt?
Basically, this news just provides more questions than answers.
They need to be very clear of what fans will expect in the next 5 years.
More money than the Glazers have EVER put into the club
According to reports Sheikh Jassims value was enterprise value, which factors in debt. So the the Glazers wouldn't have got the 500 or so million of that 6 billion.
Jim's bid is not enterprise value. So his bid is higher.
Because he didn't offer enough money
I'm sorry but Ratcliffe taking over football matters but the Glazers still running the show sounds like a typically compromised solution. Unless it's confirmed the Glazers will have no input to football decisions, which seems unlikely if they own 75 per cent of the club, then this is doomed to failure.
Positive news. It's not enough to redevelop Old Trafford. However, it'll help to improve the infrastructure and, above all, it's nice to have an owner willing to spend their own money on us.
I was thinking about it.
It's like your alcoholic dad promises to take you to Disneyland on your birthday but when they day comes he's nowhere to seen and so you go looking for only to find him sucking off a tramp for a can of special brew.
Meanwhile your step-dad takes you to Thorpe Park for an hour because that's all you can afford and then you get upset and throw a tantrum not realising that you could've just spent your birthday having your mum shout at you for being like your dad.
Guess that's the lick of paint and new roof money.
Here's what I believe to be the most likely scenario.
Qataris value the club at a certain price. Ratcliffe does the same. The Glazers however believe strongly that the clubs valuation will absolutely skyrocket with the WC in the US in 2026 and want even more money. None of them can agree on a figure. Glazers reportedly believe the club will be a 1bn revenue club worth 10 billion pounds - Qataris believe that is fantasy, and Ratcliffe isn't convinced either.
The Qataris put their foot down on the valuation, which is significantly lower than what the Glazers believe to be fair, and are not interested in any agreement about future aquisition. Ratcliffe however is interested as he sees that this is his best chance to buy the club. So they are at an impasse. Ratcliffe thinks the club will be worth x amounts of money in y space of time, Glazers think it will be worth more than that in the same space of time. They settle on a price-range between the two with a minimum fee and a maximum fee based on revenue and market value. Ratcliffe is betting that the club will be on the lower end of the scale, while the Glazers believe it will be on the higher end of the scale. They agree to sell 25% now, with an agreement that the remainder will be sold within a certain time-frame - shaving that 25% off the price Ratcliffe will have to pay in the future.
For the Glazers it ensures that they get the absolute maximum amount of money for their shares at that future point in time. While for Ratcliffe it provides an agreement for him to be able to buy the club fully at a set point in the future - probably for less than the Glazers think it will be worth. I think it was simply a case of it being the best deal possible under the circumstances and Glazer's valuation.
300m?
Zidane
Mbappe
Mitoma
Jobe Bellingham
Kvaratshakira
Oshimen
Zidane
Mbappe
Mitoma
Jobe Bellingham
Kvaratshakira
Oshimen
So what's the alternative to Ratcliffe?
When does “INEOS” become involved in this? It seems from initial reports that the 1.3b and this 300m investment is Jim’s own personal money but all I’ve been hearing for the last year or so is that it’s INEOS that was buying the club using jp Morgan and such to fund it then absorb the debt into it’s own books, or have I missed something in this cacophony of bullshit.
He'd be an upgrade in midfield, I'd love it if he headbutted Klopp
There was a big difference between the offer that Jassim claimed was being made and what was actually being offered.
You really shouldn’t talk so openly about you personal life like that in a place like this, it’s good to unload and all that but you should speak to a professional, not to us wankers.
It is Ineos buying the shares. Jim is just putting in more money from his personal wealth as well which is good.
Ineos is owned by Jim and two other billionaires but Jim is major owner.
I think it's pretty clear that there wont be a new stadium and there won't be a new training ground. I would think it would cost around 50m to upgrade Carrington and the rest could go into a phased Stadium renovation.
What's clear is that both parties expect Sir Jim to be in control in the short to medium term, we know that the other four want/wanted out whilst Joel and Avram were holdouts so it's safe to assume that Jim will get majority control within 24-36 months and will co-own the club with the two parasite brothers.
Once we stabilise the football side and streamline it for growth we won't need too much investment but he will have the financial muscle and know-how to fund the major stadium renovations whilst the first team can take care of itself with internally generated funds.
What we need more right now is to get the first team back on track, I'd say if we could we should spend £300m on 5 or 6 first team players with talent, the right attitude and primed for growth. Make the team a fixture in the CL which should see us in play for getting one or two genuine superstars in for a title push. What we need urgently is to perfect our talent ID capabilities.
Ok, I thought I read these initial investments were from him personally,
Must be the world's most expensive paint. Some people can even turn £300M into a negative.
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He can walk away and let Jassim complete a real takeover of the club.
Sounds about right, need at least double that investment to redevelop the South Stand and fix the rest of the stadium.
Will Ineos put the rest up in an interest free loan, possibly given how desperate they are to own the club?
Looks like brilliant news in the circumstances and shows what Ratcliffe is all about.
Probably Farrow and Ball
300m is nothing unfortunately. This is my biggest problem with minority investment. Even if Ratcliffe has the money, why would he do it for something he owns only 25 %.
Approximate cost needed for our infrastructure- 1 billion. With Ratcliffe owning 25 %, he is putting 25% of 1 billion.
Approximate cost needed for our infrastructure- 1 billion. With Ratcliffe owning 25 %, he is putting 25% of 1 billion.
That question doesn’t really fit my post but I’ll play.
The Glazers aren’t willing to foot the upkeep for the club so we continue to see regression both on & off the pitch. Now with Qatar out of play if Ratcliffe proposed a full takeover take it or leave it & the Glazers said ‘no’ that’s when you ask them ‘So what's the alternative to Ratcliffe?’
Elephant's Breath doesn't come cheap.
To which they would say "Sell off the club's future merchandising rights to a US company and wait for the valuation to hit 15bn in 2026!"
Is that a shade of red?
Dividends are very small scale compared to the figures they can get by actually selling. I believe there are plenty of years they haven't pulled out any dividends at all, and when they have I don't think many (any?) have really been any big amounts.
The Glazers might not be willing to sell the entire thing now. As for Ratcliffe, yes if the share price increases in value over the next few years then he will end up paying that much extra as he slowly buys more and more, but since he will already own part of the club his own shares will increase at the same time therefore increasing his net worth. And the more he buys, the more any further increase in purchase price is negated by his own shares going up by the same amount. Basically his own shares increasing in value pay the difference of future shares increasing in value, at least to some extent.
Slow burner.
£235mil will sort out a new training complex and a possible sister stadium for the Women's and Youth Sides close to OT on the land we currently hold around the ground. In true meme fashion the roof probably gets fixed as well, it is all stuff that needs doing, transfers et al we will need to be smart with for a couple of years while we await full INEOS control but the idea that we can be at the head of a group of clubs which include a side with a good young coach in Nice means we can probably start to loan out some talents over there, get them some profile and look to move a couple on in the same way City and Chelsea do.
£235mil will sort out a new training complex and a possible sister stadium for the Women's and Youth Sides close to OT on the land we currently hold around the ground. In true meme fashion the roof probably gets fixed as well, it is all stuff that needs doing, transfers et al we will need to be smart with for a couple of years while we await full INEOS control but the idea that we can be at the head of a group of clubs which include a side with a good young coach in Nice means we can probably start to loan out some talents over there, get them some profile and look to move a couple on in the same way City and Chelsea do.
240m really is nothing when we’re talking about a rebuild. Barce’s and Madrid's have cost well over a billion, the stadium needs rebuilding from the ground up
City’s training complex was 200m wasn’t it
Then it probably isn't for the stadium?
I keep reading this but how do you really think playing a team full of kids in the Premier League would go?
Would you be ok with getting relegated?
Because playing a team of Academy players for 6 months against senior professionals won't go well.
If you think that would only give it a fresh coat of paint i'd happily paint it all 10 times over for £245m. In fact I'd happily split it with 244 other CAF members. £1m each - who's in???
You’ll be surprised how little 200m will get you considering the stadium and training ground need doing. City spent 200m of their training complex for comparison and Barce/Madrid over a billion in their stadium
Ok so next question is when is the stadium getting done? Again 200m is feck all when we need the lot doing
its like some here don't read or can't read and just start complaining 300M is not enough.
If on my next visit to OT I happen to change a light bulb whiile I'm there then I'd have invested more into United's infrastructure than them cnuts have.
Fans complaining because a minority owner is coming in and actually putting his hand in his pocket to help the club. Something The Glazers have never done.
For me, this is a good sign that Ratcliffe is in it for the long term and for the right reasons. It would also lead me to believe that he intends to move towards majority ownership / full control.
For me, this is a good sign that Ratcliffe is in it for the long term and for the right reasons. It would also lead me to believe that he intends to move towards majority ownership / full control.
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