IF
Club Sale | It’s done!
- Thread starter JB08
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Alright guys let's have some positivity please. It's a clear improvement over what we have - owners who are interested in football and love the club, new + competent execs, a business that makes solid revenues despite all the on pitch drama.
I was pro Qatar but this is a clear win.
I was pro Qatar but this is a clear win.
the key will be changes to the footballing side and structure of the recruitment team.....if those changes aren't made to get proper football guys in place, nothing will change
Fair play to the Glazers on this deal. It's very good for them.
Source?
That we'll be getting football people (except the cyclist ) in football positions is going to be huge. We're back baby!
Could also translate as "we'll give you the control you're asking for provided we get to tell everyone that it was our idea."
How to become a billionaire?
Inherit stuff from your dad, run it terribly, and sell it for a ridiculous amount.
Inherit stuff from your dad, run it terribly, and sell it for a ridiculous amount.
There’s been a number of reports saying there’s no path to a 100% takeover
Best I’ve seen is if they sell in the future he will get first refusal
Everyone is reporting it
Why do you think they agreed on it? haha It's amazing for them. Less amazing for the fans, but still a small step in the right direction.
To be fair though, £1.2 billion for 25% is a reasonable valuation compared to what they were asking for a full sale.
Starts to solve the bigger problem of the disastrous running of the club. Doesn’t solve the problem of the underlying finances, but that’s definitely progress so am very pleased.
There’s 2 threads going it’s annoying
Isn't this pretty un-ideal for them? If they wish to sell to Saudi money in a decade, they would have to face the new hurdle of Ratcliffe trying to buy their shares on the cheap no?
At least we have someone in charge of footballing matters who actually gives a shit about the club being a fan and all. That alone should see some sort to added intent and hopefully competence in the clubs structure. Tbh I’m very excited. Any change that breaks up the stanglehold the glazer family has over this mess is helpful.
Can you show one source than says Ratcliffe won't get majority down the line?
Majority, not entirety. If Glazers end up minority shareholders it's essentially the same thing.
I get there's no actual share options but Goldbridge is acting like Glazers will never sell, which I dont buy.
Incredible business by the Glazers. Have the cake and eat it, too. I just can't help but be impressed. Masterful.
Not sure what this £200 and odd million investment is all about, I thought long term it was supposed to be not far off £2 billion, or was that including the purchase price?
Both Ducker and Keegan have said it. All Ratcliffe has is first refusal
For as long as that lasts. He won't have an agreement for sporting control in perpetuity, it'll be for 3 or 5 years max, then it'll be 'reviewed'. Ratcliffe only has 25% of the shares, and according to reports they're split 17.25% class B and 7.75% class A. He can (and will) be outvoted at board level by the Glazers. The Glazers still hold the purse strings and ultimately make the decisions so Ratcliffe is doomed to failure anyway so in 3 or 5 years we're back to square 1 again.
Sorry I edited the post. No path I agree, but I don't think Glazers won't sell another chunk sooner or later.
Whether it was INEOS or Qatar, all the talk and promises mean nothing until they're actually in a position to do something. Neither were any guarantee to success, this is hopefully a positive step but it's now up to Ratcliffe to get the right people into place as soon as possible.
So there is no guaranteed exit plan for the Glazers? If so, that's a shame. Win/win situation for the Glazers if that's the case but regardless, I am happy that Sir Jim/INEOS get control of the football operations. The Glazers have failed horrifically in that aspect, hopefully (surely) Sir Jim/INEOS can't do much worse with it?
Regardless, INEOS taking control of football operations, people like Blanc coming in and hopefully a new director of football like Ashworth/Mitchell, 300m guaranteed for infrastructure development, a new strategy to how we recruit players, staffing/first team/academy revamps... I see it as a step in the right direction and progression. Hopefully, we will look back at this as a major turning point for the club.
Regardless, INEOS taking control of football operations, people like Blanc coming in and hopefully a new director of football like Ashworth/Mitchell, 300m guaranteed for infrastructure development, a new strategy to how we recruit players, staffing/first team/academy revamps... I see it as a step in the right direction and progression. Hopefully, we will look back at this as a major turning point for the club.
Fukk the glazers and all their slimy toadies. We will always be an ATM for a small group of rich men --I get that it's their club and they can do what they choose. We will never win anything while they own us. They will NEVER leave unless their personal ATM ceases to spunk cash. We fans can choose to live with it or not pay them a cent. We will NEVER get our club back until these creeps are gone.
I think the key thing here is the control of football operations side. I think the main problem with the Glazers for me was how they ran things-or at least how the people they appointed ran things. Constant faffing about when it came to tansfers, questionable decisions on contracts, that kind of thing. Hopefully we establish an identity and a good club model.
I mean that's debatable but we were under the impression there would be a specific timeframe etc with put and call options that Ratcliffe could trigger.
Still not convinced this is any good, OK he might invest in players, what about the stadium, yeah there might be a mini refurbishment.
But while the Glaziers hold the majority, I don’t see anything changing.
But while the Glaziers hold the majority, I don’t see anything changing.
Yeah I agree there
that is so laughably fake doom mongering it is ridiculousAh we are back to believing the word of the media again now it's a negative regarding full control.
They have done nothing but spout shit for 12 months so forgive me for not taking their word.
They have done nothing but spout shit for 12 months so forgive me for not taking their word.
It was Kleinmann who said it not the UK football media though, that's slightly different.
depends how it goes. If things improve, they have no reason to go collecting money doing nowt. its perfect for them, like when Fergie was running the club for them
The Glazers can go to hell, but this is the first positive thing we've had with the ownership, so I'm taking it.
We will still have lots of money to spend, and just not having imbeciles spending it will be a vast improvement, so there is hope we can turn things around finally, even if it doesn't look great on paper.
We will still have lots of money to spend, and just not having imbeciles spending it will be a vast improvement, so there is hope we can turn things around finally, even if it doesn't look great on paper.
No real need to sell up though especially if SJR manages to bring back some success on the pitch.
Sorry did I miss the part of the statement where the Glazers were no longer owners?
You can’t ask for positivity then blatantly lie. By all means talk this deal up on its merits but don’t call for something then purposefully lie.
In all honesty.....and hear me out here....why does Ratcliffe need FULL control if the Footballing matters are in his control?
The footballing matters is what us fans care about the most. It's clear the Glazers know what they;'re doing with the commercial side.
Arguably the footballing side of the football club is worth a lot more than just 25%, not sure what else he needs to control?
The footballing matters is what us fans care about the most. It's clear the Glazers know what they;'re doing with the commercial side.
Arguably the footballing side of the football club is worth a lot more than just 25%, not sure what else he needs to control?
To be fair they can sell all they want up to the share that gives away ownership until their hearts content.
Exactly. If Jim runs it well, glazers have no incentive to sell. If he doesn't, we're fecked anyway
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