You are right Woziak. Nothing from the US or club side of things. Any leaks, such as the 25% deal, are clearly coming from the SJR/Ineos PR machine. Said it before but it’s negotiation by social media. Qatar are clearly out though, that’s about as much as we really know.
Club Sale | It’s done!
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Can we disregard all journalists who have reported with any confidence on this story going forward please
January I reckon
Cheers Howard
You might be original actually, I can’t recall that particular joke.
Either way I’m gonna get in on the act and say ‘what we really need is to ‘shake-it-all-abouteos’
Nothing would surprise me with this takeover, even the Goblins staying, important to note Why is this now being delayed when it was a done deal 4 weeks ago, something doesn’t quite smell right, I agree on Qatar, they clearly got fed up with dealing with such business ineptitude, for me only a matter of time for Sir Jim to walk away soon, then it gets interesting!
- Sir Dave Brailsford and Jean-Claude Blanc of INEOS met Manchester United executives at Old Trafford on Thursday as Sir Jim Ratcliffe’s acquisition of a 25 per cent stake in the club edges closer.
- Brailsford, director of sport at INEOS, and Blanc, who left an executive role at Paris Saint-Germain to oversee the entire INEOS Sport portfolio, are expected to be heavily involved in revamping United’s football operations once Ratcliffe’s minority stake is approved.
- United’s football director, John Murtough, and interim chief executive, Patrick Stewart, were in attendance to meet the pair.
- Brailsford (pictured right) was performance director at British Cycling, while Blanc held roles as Juventus chief executive and then PSG marketing executive before joining INEOS last December.
- Brailsford and Blanc joined Ratcliffe in visiting Old Trafford in March when they were weighing up whether to bid for the club. Thursday’s meetings represented a significant step forward in that process as part of a fact-finding mission, with confirmation of a 25 per cent investment expected before Christmas.
- Ratcliffe is expected to undertake a wider restructure off the field at United once his proposed £1.3billion investment is confirmed, which is set to see the British billionaire take sporting control.
Surely that means Blanc is the next CEO or at the very least involved in the club?
Why else would he be rolling around with INEOS attending meetings with United's current executives then?
Why else would he be rolling around with INEOS attending meetings with United's current executives then?
Yes that’s what is going to happen
It’ll be good to have Larry Blanc back at the club again. Hope he brings a Blanc cheque
way to fool the dumb dumbs
way to fool the dumb dumbs
@19Dan81
Genuine question: Do you really believe that Tier 1 journalists like Ornstein, Romano and the most reputable financial outlets out there like Bloomberg, Reuters, WSJ, etc. are all putting fake stories out there whilst in secret Qatar are finalizing this deal?
Genuine question: Do you really believe that Tier 1 journalists like Ornstein, Romano and the most reputable financial outlets out there like Bloomberg, Reuters, WSJ, etc. are all putting fake stories out there whilst in secret Qatar are finalizing this deal?
He’s just still in the denial stage of grief.
Jimmy's camp counter-programming the story from Keegan. Smart. Just hoping he's right and this is announced before Christmas to put us out of our misery.
Ratcliffe said he needed two guys with their fingers on the button so Brailsford and Blanc decided to wear jackets made almost entirely out of buttons.
So Qatar Sports Investment (QSI) has just sold a portion of its ownership in Paris Saint-Germain to the U.S.-based private investment firm Arctos Partners. Arctos is acquiring a 12.5% share of the Ligue 1 club, putting PSG's estimated valuation at approximately €4.25 billion (£3.64 billion, $4.58 billion). Hmmm...
It could be that they were invited to Old Trafford to be told of the difficulties with the legal issues of the deal that Keegan reported on. It could be anything and it could be nothing because that Athletic article had zero information of substance and that picture is from 17th March when all bidding parties visited Old Trafford.
@Rojofiam
No. I believe that we've been lied to for the last 7 months from all sides. Clearly they're 3 different parties in this that all have PR departments and huge billionaire ego's. All information has been provably unreliable, like, demonstrably so. We also have to understand that this is a public process overseen by the SEC and NDA's.
There are 6 siblings that also have provably differing outlooks, wants and needs, institutional shareholders and major sponsors all of which need to some degree be aligned on an outcome. That's not easy to do, especially when the majority of those want paying up. The legal issues are glaring and obvious with Ratcliffe’s offer in a public process overseen by the SEC (different if it was a private negotiation) due to the crazy 8x revenue and 2x market valuation offer from Nine Two Foundation which apparently was refused. Liverpool and PSG sold minority stakes for just about 5x revenue.
All I know is that the info being banded around is false and mostly PR either to protect the stockmarket or someone's image. The delays were obvious. Been saying for weeks this isn't happening and here we are. That's not to say I'm some sort of Qatari shill. It's to just say what I see when I look beyond the the forced narrative. There is as much chance of a no sale as there is of Ratcliffe getting minority investment. There's always the possibility of a third un-named party here also. Nobody knows and that is the point.
@Rojofiam
No. I believe that we've been lied to for the last 7 months from all sides. Clearly they're 3 different parties in this that all have PR departments and huge billionaire ego's. All information has been provably unreliable, like, demonstrably so. We also have to understand that this is a public process overseen by the SEC and NDA's.
There are 6 siblings that also have provably differing outlooks, wants and needs, institutional shareholders and major sponsors all of which need to some degree be aligned on an outcome. That's not easy to do, especially when the majority of those want paying up. The legal issues are glaring and obvious with Ratcliffe’s offer in a public process overseen by the SEC (different if it was a private negotiation) due to the crazy 8x revenue and 2x market valuation offer from Nine Two Foundation which apparently was refused. Liverpool and PSG sold minority stakes for just about 5x revenue.
All I know is that the info being banded around is false and mostly PR either to protect the stockmarket or someone's image. The delays were obvious. Been saying for weeks this isn't happening and here we are. That's not to say I'm some sort of Qatari shill. It's to just say what I see when I look beyond the the forced narrative. There is as much chance of a no sale as there is of Ratcliffe getting minority investment. There's always the possibility of a third un-named party here also. Nobody knows and that is the point.
That’s exciting
This isn’t some sort of world of infinite possibility. There is plenty of data out there. You’re just choosing to ignore it, for whatever reason.
Reading their body language makes it clear that the one on the right thinks the Glazers are a bunch of cnts while the one on the left is still disturbed by the tortured souls they just showed him.
What worries me is that they will rush through this sale and we'll be worse off than we are now.
they looks like Bond's villains
One year already? feck... time flies when you're enjoying it.
Why did the people that are about to get the sack have to meet with their replacements? I'm sure they don't have a lot of tips and tricks to share anyway.
Talk about living in denial.
Who? Never heard of Qatar or Paris St German.
This is a Manchester United thread for Ineos people.
Come on now...
Wow that's an impressive pile of rubbish you've just typed out there. Kudos!
Whilst I believe that this is now a one horse race with INEOS, I still have very little confidence that the 25% minority acquisition will happen any time soon, the Goblins will simply drag things out and at the last minute ask for more money again!
The $33 enterprise share value is not the $36-37 that people were predicting but this may be lower due to the investment promised by Sir Jim as part of the overall deal. This convoluted deal with put and call options just looks messier every day you dig deep into the detail.
I’m not saying it’s not going to happen but it’s not happening anytime soon and I wouldn’t be surprised to see SJ/92 foundation take over Inter Milan before INEOS have bought 25% of United.
The $33 enterprise share value is not the $36-37 that people were predicting but this may be lower due to the investment promised by Sir Jim as part of the overall deal. This convoluted deal with put and call options just looks messier every day you dig deep into the detail.
I’m not saying it’s not going to happen but it’s not happening anytime soon and I wouldn’t be surprised to see SJ/92 foundation take over Inter Milan before INEOS have bought 25% of United.
The legal issue is the use of word “c*nts” in the documentation when referring to the glazers
it’s actually one of the missions in the new game. Gonna be tougher than ever.
Let it go, Michael Jackson. Let it go...
So tired of seeing the fans messed about by the Glazers. Their lack of any dialog or even courtesy to the fan base proves that the only part of the fanbase relevent to them is the fanbases pockets. They have treated the fans with contempt over the last year and I hope it won't be forgotten.
I’d bet good money that the hold up is related to the path towards 100% ownership.
I’m sure that Ratcliffe will want to announce the path to 100% at the same time and it wouldn’t surprise me if they’ve hit a brick wall with the Glazers.
I’m sure that Ratcliffe will want to announce the path to 100% at the same time and it wouldn’t surprise me if they’ve hit a brick wall with the Glazers.
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