Kieran Maguire said it can give us a boost in the January window
Club Sale | It’s done!
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I used to think the same but it's slightly wrong i believe. They built a small stake using their own capital, the full takeover in 2005 was leveraged on the club.
Good post. Just thinking that Jim is getting what he needs, so doesnt really need to increase his stake further. Hopefully there's more clarification on this going forward, but I remain heavily sceptical.
That is great, if we decide to spend, but my point still stands that it makes little to no sense investing now.
Harry's brother?
Depends on the targets really. Maybe a cb and a right back can be valuable and doable additions in Jan.
Owners are allowed to put in £90m a year and I think the cutoff is January for this year, so it makes sense for INEOS to come in now and put the money in now for January. There’s also leeway for next year then.
And that's excluding sales, where if we can flog Jadon or Varane to Saudi early then we'd be given a bigger boost.
I optimistically think we can probably get Varane to Saudi for 45m and bring in Todibo for 35m for example.
Exactly, you would hope we can move on Sancho, and maybe Varane, Casemiro, or Antony in January also and bring in some much needed reinforcements under the watch of a new DOF.
Maguire has been wrong on virtually everything he's said about the takeover so far though!
This thread now seems to have turned into a Transfer Muppets speculation session - wishful thinking to think we'll have a new DoF plus increased transfer budget for the January window
The more I read about this deal the more I think there is no plan for Ratcliffe to eventually buy out the Glazers in full.
Ratcliffe has committed money to patch up OT which is what the Glazers were looking for before the sale process, and this deal seems to give Ratcliffe sporting control which is all he cares about because this is just a vanity project him.
At the time of the announcement there may be some 'gentlemans agreement' announced to placate fans but the Glazers definitely aren't gentlemen (or women) so unless Ratcliffe has a cast iron agreement to sell to him at a predetermined date in the future we're stuck with these cnuts forever.
Ratcliffe has committed money to patch up OT which is what the Glazers were looking for before the sale process, and this deal seems to give Ratcliffe sporting control which is all he cares about because this is just a vanity project him.
At the time of the announcement there may be some 'gentlemans agreement' announced to placate fans but the Glazers definitely aren't gentlemen (or women) so unless Ratcliffe has a cast iron agreement to sell to him at a predetermined date in the future we're stuck with these cnuts forever.
This is all nonsense and Sir Jim has just royally fkd us. We are in a worse position than just having the Glaziers.
1) There is absolutely zero possibility that the Glaziers have just given over all their power to run the football side of things. Its like Apple selling off their Sales branch and have no control over sales. Its would be the stupidest thing to do ever. All it is, is a job. They are allowing Sir Jim to be Richard Arnold or whatever title you want to give him. Yes he will run things but not with total control. If the Glaziers want they will still be able to overthrow him. Lets say he fks up and Man Utd plummet to 12/14th. You telling me the Glaziers will just have to sit there and watch as their investment is destroyed? No chance.
2) Since Sir Jim has bought a job to run our football side then is he the best man to do this? Based on his history with all his other sporting ventures the answer would be a unequivocal no. We are going into the next phase with a guy that fks up everything he touches in sport. Thats not to say he wont get it right. Maybe he will hire the right people and we are golden. But it doesn't deter from the fact that we are not getting a capable CEO in a football sense.
3) He is not bringing any money. The 1.3 billion he buys in goes to the Glaziers or the Glaziers and the other shareholders. He cant put any further money in unless the Glaziers do so. Lets say he has an extra 500 mill. Why would he put that in the club to benefit the majority shareholders? That's just stupid. Any spending will have to be 25 percent from him and 75 percent from the other shareholders. He cant fix our stadium or build a new one even if he has the 2 billion in his bank. He can only put in 500 mill max. The rest needs to come from the other shareholders. It doesn't fix the debts. It doesn't inject cash. It does nothing to help us financially. Forget this thinking that he is putting in 100 mill for transfers out of his piggy bank just to help us out. Not happening.
4) It destroys or at least severely inhibits any possibility to sell the whole club. If the Glaziers sell then they will have to sell to Sir Jim. A new owner will have to buy out the Glaziers and Sir Jim. And you can guarantee they both will not want to sell. So a new owner might be able to buy out the Glaziers but then they will have to share the club with Sir Jim and whatever clauses he has such as running the football side. It just makes it more unlikely we will ever be owned fully by a competent owner.
5) He is shielding the Glaziers. If this sht running of the club continues who is everyone going to target? Who do we protest against? It will be SIr Jim. The Glaziers will just sink into the background and take their dividends and continue as normal while SIr Jim is the face of Man Utd while the true shits are still in control.
6) Sir Jim is not the Tooth Fairy or Willy Wonker. He is a shrewd business man. He is in it for the money just like the Glaziers. Sure he can say he is a fan and he loves Utd etc. But he said that about Chelsea. There is nothing to indicate that he is anything more than what the Glaziers are - Business men out for themselves. We have just acquired a different Glazier.
1) There is absolutely zero possibility that the Glaziers have just given over all their power to run the football side of things. Its like Apple selling off their Sales branch and have no control over sales. Its would be the stupidest thing to do ever. All it is, is a job. They are allowing Sir Jim to be Richard Arnold or whatever title you want to give him. Yes he will run things but not with total control. If the Glaziers want they will still be able to overthrow him. Lets say he fks up and Man Utd plummet to 12/14th. You telling me the Glaziers will just have to sit there and watch as their investment is destroyed? No chance.
2) Since Sir Jim has bought a job to run our football side then is he the best man to do this? Based on his history with all his other sporting ventures the answer would be a unequivocal no. We are going into the next phase with a guy that fks up everything he touches in sport. Thats not to say he wont get it right. Maybe he will hire the right people and we are golden. But it doesn't deter from the fact that we are not getting a capable CEO in a football sense.
3) He is not bringing any money. The 1.3 billion he buys in goes to the Glaziers or the Glaziers and the other shareholders. He cant put any further money in unless the Glaziers do so. Lets say he has an extra 500 mill. Why would he put that in the club to benefit the majority shareholders? That's just stupid. Any spending will have to be 25 percent from him and 75 percent from the other shareholders. He cant fix our stadium or build a new one even if he has the 2 billion in his bank. He can only put in 500 mill max. The rest needs to come from the other shareholders. It doesn't fix the debts. It doesn't inject cash. It does nothing to help us financially. Forget this thinking that he is putting in 100 mill for transfers out of his piggy bank just to help us out. Not happening.
4) It destroys or at least severely inhibits any possibility to sell the whole club. If the Glaziers sell then they will have to sell to Sir Jim. A new owner will have to buy out the Glaziers and Sir Jim. And you can guarantee they both will not want to sell. So a new owner might be able to buy out the Glaziers but then they will have to share the club with Sir Jim and whatever clauses he has such as running the football side. It just makes it more unlikely we will ever be owned fully by a competent owner.
5) He is shielding the Glaziers. If this sht running of the club continues who is everyone going to target? Who do we protest against? It will be SIr Jim. The Glaziers will just sink into the background and take their dividends and continue as normal while SIr Jim is the face of Man Utd while the true shits are still in control.
6) Sir Jim is not the Tooth Fairy or Willy Wonker. He is a shrewd business man. He is in it for the money just like the Glaziers. Sure he can say he is a fan and he loves Utd etc. But he said that about Chelsea. There is nothing to indicate that he is anything more than what the Glaziers are - Business men out for themselves. We have just acquired a different Glazier.
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If that is the case how come the share price has dropped?
That would be rather depressing news with the Glazers only selling 12.5% of their shareholding in the club and still left owning over 56% of the club.
Can anyone clarify, is Sir Jim buying 25% of the Glazers 69%, leaving them with 44% or just 25% or the remaining 31% they don’t own.
They'd make Thatcher proud. The erstwhile PM Thatcher. Not Ben Thatcher. He's an arse. Mark Thatcher worse. Thatcher's cider? Just plain nope.
I can imagine tge Glazer boys, and the Glazer sister, laughing maniacally in the board room, their eyes glowing insidious red as the laughs become more and more sinister.
No lights on and the curtains drawn.
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Yes the share price movements make no sense if SJR is buying a chunk of the A shares at a massive premium - big hedge funds who must know more about this process have been selling at this current level (TBF others have been buying)
Plus the Glazers handing over sporting control for a paltry £650m also seems unlikely - more likely is that SJR is just getting a seat or 2 on the board, but there are still 6 Glazers on that board (unless a specific 1 or 2 of them are selling out completely)
He's allegedly buying 12.5% of the Glazers class B shares and a tender offer of 12.5% of Class A publicly listed shares.
Doesn't make sense on a lot of levels
Nobody can until the announcement, just a guessing game until then.
From the perspective of getting the Glazers out, this is a tad concerning. Unless Jimbo is valuing the shares differently (which would leave open to a different set of problems), this makes it sound like 12.5pp of Class B shares and 12.5pp of Class A shares, as opposed to 25% of all Class B shares (~69% of outstanding) and 25% of all Class A shares (~31% of outstanding). Let's just hope they are opting to hold on to more shares for now so Jimbo pays them more in the future, rather than a genuine desire to remain in control.
Todibo in January as some kind of sweetener for the fans, kinda obvious...
Can’t be true that’s $57 per share for 14m shares
Again reported wrong with so many people getting themselves tied up.
They own 69%, minority own 31%
113 million Class B Shares 25% is 28.25m
At $40 is $1.13bn
53 million class A shares 25% is 13.25m at $40 is $530m
That’s a total of $1.643 which converts to £1.32 billion which is more in line with the figures that were quoted, I think we should all wait until we see official figures as the 12.5% makes no sense simply because they own 113m out of 166m total shares.
It could be that INEOS are investing capital in lieu of new shares being generated, however we need to wait and see?
Of course he’s a businessman. But there’s differences in how you approach it all. Elon Musk is also just a business man. The difference is he’s better and more innovative than the CEOs of the classic car manufacturers. And im not saying Jim is Elon Musk, it’s just to underline that there are different approaches.
You cant say that just because Sir Jim is out to make money, then he’s just a different Glazer. (And it’s spelled Glazer, not Glazier).
Glazers think they can make money by doing not that much (and they can). Another business man might see the opportunity to invest in new stuff, try other approaches and turn Manchester United into something better for all parts. If the business is well run and we win more, then we sell more, it’s as simple as that.
Would be fascinating to see how the negotiations between the two clubs go
That would be depressing but we need to wait and see. Journalists have shown all along they have no idea whats going on apart from the lad at Sky so we''re just going to have to wait for an official announcement.
Need further explanation as this seems like the opposite of everything reported.
Imagine hating our owners so much but not even knowing it's not 'Glaziers'.
Just for summary club has approx 166m shares
Sir Jim would need 42m for 25% if he’s only buying 14m class B for £650,000 and 28m Class A for £650,000 this deal is not going through without multiple law suits as he’s offering $57 class B and $29 class A ?
I dont think ive read a more clueless and bizarre summary yet of the whole situation.
Your whole argument collapsed the moment Arnold was forced out and now Blanc is taking over. INEOS will have control of the club.
SJR isnt an absolute idiot, do billionaires pay 1.5bln to just be a silent partner? no , no they dont
If he's only buying 12.5% of the Glazer's stake the deal makes even less sense than it already did.
They're giving him control of feck all for £650m. They're just fleecing him for a little cash out and maybe giving some empty promises of selling more shares down the line and nominal "control" in the mean time.
The rat is being played by the leeches, as we already surmised.
They're giving him control of feck all for £650m. They're just fleecing him for a little cash out and maybe giving some empty promises of selling more shares down the line and nominal "control" in the mean time.
The rat is being played by the leeches, as we already surmised.
Notice how the staged takeover talk has pretty much disappeared. The debt issue is also in a completely vague state. The Glazers with an absolute blinder of a deal. Played both bidders like a fiddle, and then found someone to invest and run their company, while they hold all the power. And he had to pay for that. This is just incredibly impressive. I feel like I owe them an apology as I always leaned towards the notion they are dumb.
And as for his part in this, Ratcliffe is playing the knight in shining armor role to seemingly great effect.
All of this is such a farce.
Thats why everyone here were suggesting that they were dumb, entitled nepo babies...
SJR isnt the idiot but the Glazers are? Just give up control of your club for 1.3 bill? Just because there are hirings are firings means jack sht. I already said he bought a CEO position. That means he can hire and fire. Doesn't mean SJR has total control like is being reported.
I wonder how many of your 85,000 posts are spelling corrections.
Maybe Glazers don’t want sporting control. This is their way of keeping the cash cow/ appreciating asset.
I want them to stay. If they go, who’s going to fix the broken windows?
It's 84,383 so that's another correction for you.
I already said he might hire the right people and it will be golden. However, there is nothing to suggest he is any better than the Glazers. In fact its the opposite. His history in sport is sht. You are just clinging at straws saying he might do things differently. He might. But its a gamble. He doesnt fix our finances, he doesnt get rid of the Glazers and he has a sht history of running sports. What positive does he bring except maybe he will do things differently?
In sure I can get u to 85 towsand
Might not be as straightforward as first thought and you've got too wonder what Leon Cooperman's motivation was buying shares but legally whats the difference between the Glazers selling 25% to Radcliffe and or just having them listed on the stock exchange?
*Insider "call an ambulance" meme*
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