Good point to be fair. Let's see if he's any good at running a mega club.
Club Sale | It’s done!
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It really is a wonderful deal from their side. I think Jim is mad personally but I guess he has the cash and he’s sick of his mates down the billionaire pub “taking the piss out of him” because we’re a bit shit. I have my doubts but hopefully INEOS know what they’re doing.
This is exactly how I feel too. The Glazers haven't been bad at bringing in those cup noodle endorsements. And they have somehow managed to seal good shirt sponsorship deals despite us being very shit for many years.
They can continue to do that, and Sir Jim and INEOS can do what they are good at which is run a sports club.
that is so laughably fake doom mongering it is ridiculous
What exactly is ridiculous?
It may not be what you want to believe but it's likely close to the truth.
Because the football and non-football sides are inextricably linked.
Having someone else run the football operations is unquestionably a good thing. And, if run well enough, it may in itself assuage fan concerns. If United are successful from a football POV then most of the heat leaves the ownership debate.
However, the use of revenue generated by the club, investment into the club and the management of debt remain issues that directly impact football operations. Without full control of the club, INEOS will to some degree be operating with their hands tied in terms of football operations. And the overall direction of the club remains under Glazer rather than INEOS control.
When's the announcement?
I know everyone is happy to see change and the footballing structure should no doubt be a positive move but feck this deal sucks for the club and fans
Bittersweet to say the least and sceptical beyond belief.
Bittersweet to say the least and sceptical beyond belief.
According to reports, Qatar had won the race. The only way he could beat them was to screw the fans over and give the Glazers everything they wanted, which he has.
Finally but I wanted Qatar
announce Blanc, Mitchell and Ashworth
We get football people in control of Football business. For the first time in decade we get outside investment. The Glazers stay on for now, doing what they do best, in control of sponsor deals.
It doesn't suck imo, it's a step in the right direction.
Castia, you need to ligthen the heck up.
Missus just said the same I’m ruining her Xmas eve
Had to turn sky sports off I’m fuming honestly
Britons inviting the Saxon king.
Yeah, one is enough for all the moaning
If/When we start winning things then yes, I agree, no-one will give a feck about who has full ownership because we're winning things.
While I can see your point with the bolded, the Glazers have shown they're astute with commercial side of the club (Well with Arnold/Woodward as CEO, surely this will change with Jean in charge as CEO) - then they can work together well. Glazers make the money Sir Jim spends it with injections of his own cash.
So we'll see what happens with the pathway to full ownership in due course
Were there excuses before? Just because Jim’s bought 25% doesn’t mean we’ll beat Forest of have any actual plan on the pitch.
Got to be a troll post? surely?
People are right to be skeptical. On the face, this is not really what was expected.Castia, you need to ligthen the heck up.
Short term 100% I’m just looking at the bigger picture and seeing everything pretty much the same with the debt/Glazers and no real plan for a stadium development looking likely
He hasn’t screwed the fans over by not letting you have the sheikh.
I've just read the last few threads.
How much are they investing? And it bugs me that they may not get 100% control.
25% in company law is enough to block any board decisions. It's a good day, not a great day. Hopefully it's the beginning of the end for those Glazer parasites.
But they actually do need to sell if they want to make substantial profit on their investment and they have done that twice already by diluting their stake because no matter how well you run the football club they aren't exactly money making ventures outside of growth in Clubs valuations .
He's screwed over the fans by providing the only way for the Glazers to stay.
Before starting the sale process the Glazers spent ages searching for investment because without it they were screwed. No one would give it to them on terms acceptable so they started the sale process. Without this Ratcliffe deal they'd be forced to sell to someone else, whether that was Qatar or whoever.
Deal has been set in place for a while making it official on Christmas eve is typical Glazer PR.
Judgement will be seen year or two to see what difference this 25% stake makes. With the Glazers still owners it's hard to feel that optimistic.
Judgement will be seen year or two to see what difference this 25% stake makes. With the Glazers still owners it's hard to feel that optimistic.
I should denounce the club more. The day I do it, the day they announce.
I think the statement is dissappointingly generic and tells us nothing which I think is a mistake from Ratcliffe.
It's not a good deal long term, Glazers under no obligation to sell so it's fundamentally a minority investment.
I can see the appeal in this but there will invariably be cases in which football and commercial interests clash, and the Glazers and Ratcliffe will have to find a compromise or make decisions based on competing interests and perspectives.
Ultimately that could be beneficial to the club as a money-making machine, but it means there will be times when footballing priorities are compromised on and relegated in exchange for commercial interests. Is that better than the mess we currently have where the footballing matters are controlled by totally disinterested and incompetent people? Sure, but it's still very far from a transformational new ownership where the club is truly focused on football.
Why should they sell when the club performance levels goes up?
If Ratcliffe is successful then Glazers won't have motive to sell, they're selling now because the honey has dried up. Ratcliffe has come up with new beehives full of bees, Glazers for sure expect some kind of honey in the future
I think the sale saga is far from over. The Glazers are basically waiting for someone to meet their valuation of the club. Jim gets first refusal when that happens, but nothing stops this from happening next month.
There will be a big need for investment on the infrastructure and I doubt Ratcliff will agree to funding it without upping his ownership.
Ratcliffe at the moment is essentially Viagra for the Glazers to enable them to keep fecking the club. He's just given them no reason to leave. They're having their cake and eating it.
I will be the first to admit I am nowhere an 'ITK' far from it. Purely as my own opinion piece you got Sky 'Kaveh' bleating on about more questions than answers, the £300m won't touch the sides. In Isolation, I agree however my opinion is would a successful businessman like SJR walk into Old Trafford with 25% keys to the kingdom and 100% keys to the castle without a future plan ?
The devil is always in the detail and if I read the reports right, it's SJR who has bought 25% of the class A and offered to buy 25% of B NOT Ineos.. That certainly leaves room for 'Ineos' to accommodate stadium upgrades / partial or full rebuild against the parent company.
My personal preference would be SJR / Ineos to be sole owner of us. While the idea of Qatar and relatively unlimited funds was not for me. As I say not an ITK nowhere near, only personal opinions. As fans we will never get the full picture and unfortunately, the full picture we may never be privy to. If a future model of SJR being part owner with improvements to playing and fan facilities along side a more coherent footballing structure to allow for on the field success then I'm in.
End of the day, the Glazers, publicly may have floated a full sale as an option. However their ideal position maybe as minority share holder long term with a more competent sporting structure. Maybe this is the first steps. Success MUST start on the field.
Also the way I see this situation, underperformance incentivises them to leave so it's a double sided sword the club on the one hand could have the propensity to be successful and on the other hand it will permit the owners to stay. They will continue to extrapolate revenues and subsequently just let Jim run the show. It's not a good deal objectively put. It's no different provisionally to a hedge fund purchasing a minority stake, the incentive is that the football side is changing.
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The Glazers literally earned billions off this club. They are not on their knees. They are great at doing business. And by business I mean filling their own pockets.
Or do you really think they are crying in their mansions because some fans protested and someone flew a plane with a banner over Old Trafford?
I personally think it will be goddamned funny if the Sheikh buys the remaining 75% of the club next year.
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