Club Sale | It’s done!

Status
Not open for further replies.
Licha-Vidic said:
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
Click to expand...

The Glazers will sell if they believe it makes financial sense for them to do so. And that is only influenced to a minor degree by our success on the pitch.

It is much more substantially tied to broader concerns like the generation of new revenue streams, developments in certain markets, changes to competition structures, etc. The value of the club could dramatically increase in coming years even if we struggle on the pitch, just as it could remain static even if we are successful on the pitch.
 
Big Ben Foster said:
Why are people still talking about "the Glazers" as if they're one voting bloc? By all accounts the four other siblings (Bryan, Darcie, Kevin, and Ed) want out entirely. Over time I believe they'll sell their stakes to SJR and there's nothing Joel and Avram will be able to do about it.
Click to expand...
That depends on if the bylaws still state they all need to agree.
 
Berbaclass said:
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.
Click to expand...
Absolutely. We need to win things for this bitter taste to diminish. If we win, as another poster has said, we won't care who has majority shares. But if we go down more, then the toxic levels around the Man United ecosystem will be enormous.

We have to cross our fingers and hope we will be successful from here on
 
Christmas has come early for the Glazers . Continue to rinse the club (for 75% of what they have been mind) whilst sitting in the background with their slippers on. I do believe Ratcliffe will return us to the top, purely for the fact he’s a red and he’ll do everything to get us back to where we should be. But the Glazers are the ones who are laughing to the bank here
 
2 questions as the news is too thick and fast to digest

1) so Ineos haven’t bought the 25% stake? Just Sir Jim on his own?

2) is Jean Claude Blanc officially joining as CEO?
 
Am I the only one that has noticed this in INEOS statement? Or am I misunderstanding it?

Sir Jim will provide a $300 million fund intended to enable future investment into the Club’s infrastructure at Old Trafford, comprising $200 million paid upon the closing of the transaction and a further $100 million by the end of 2024. Trawlers Limited will be issued additional Class A and Class B shares at $33.00 in respect of such investment.
Click to expand...

Ratcliffe is buying 25% of the club. Then he's putting $200m into the club, which will also see him receiving additional shares. Then he's putting another $100m into the club, which will see him receive more shares again. Presumably any further investments that he makes into the club will have the same deal. This encourages him to continue investing into the club, and each time he does he gets more and more control. The original $300m investment over the next 12 months will see him gain roughly an extra 5% control, taking him up to 30%.

It's exactly what a few of the more knowledgeable posters have said would be the likely avenue for Ratcliffe to increase his control as time goes on.
 
MadDogg said:
Am I the only one that has noticed this in INEOS statement? Or am I misunderstanding it?



Ratcliffe is buying 25% of the club. Then he's putting $200m into the club, which will also see him receiving additional shares. Then he's putting another $100m into the club, which will see him receive more shares again. Presumably any further investments that he makes into the club will have the same deal. This encourages him to continue investing into the club, and each time he does he gets more and more control. The original $300m investment over the next 12 months will see him gain roughly an extra 5% control, taking him up to 30%.

It's exactly what a few of the more knowledgeable posters have said would be the likely avenue for Ratcliffe to increase his control as time goes on.
Click to expand...
The Glazers still have to agree, he can't do it autonomously.
 
LawCharltonBest said:
2 questions as the news is too thick and fast to digest

1) so Ineos haven’t bought the 25% stake? Just Sir Jim on his own? From the announcement, it seems he bought it directly. But i don’t think this really matters.

2) is Jean Claude Blanc officially joining as CEO?nothing official. I think these changes will only be announced in due course after the regulatory approvals are obtained and the transfer officially takes place.
Click to expand...
 
MadDogg said:
Am I the only one that has noticed this in INEOS statement? Or am I misunderstanding it?



Ratcliffe is buying 25% of the club. Then he's putting $200m into the club, which will also see him receiving additional shares. Then he's putting another $100m into the club, which will see him receive more shares again. Presumably any further investments that he makes into the club will have the same deal. This encourages him to continue investing into the club, and each time he does he gets more and more control. The original $300m investment over the next 12 months will see him gain roughly an extra 5% control, taking him up to 30%.

It's exactly what a few of the more knowledgeable posters have said would be the likely avenue for Ratcliffe to increase his control as time goes on.
Click to expand...
That makes sense. If his investments didn't result in new shares being issued, he'd be giving the other shareholders a free ride.
 
I think we all unanimously agree that the main problem with the Glazers has been their total lack of understanding on how best to run a football club. Hiring non football people into football roles (you couldn’t make it up) Splurging billions on players that aren’t good enough and hiring terribly!

It isn’t rocket science. If you want to be the best then hire the best. Now SJR has taken over, I feel that this will now happen. Blanc as CEO and a world class DOF will lead us back towards the top. We are still the best supported club in the world that is a financial monster! Today is a good day and the start of a new era!
 
Dolf said:
:lol:
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?
Click to expand...

They needed investment in the club what are you talking about the well is dry

FFP is up our ass, the stadium is falling to bits, the debt is rising they had to act are you for real?

They aren’t cash rich they’ve put feck all into the club and it can’t sustain itself any longer hence selling shares
 
Last edited:
Ayoba said:
Kay.
Click to expand...

They really aren't, I'm not trolling. In sailing they no history of success, their F1 team has had worse results than the previous owners, their cycling team has declined since they started sponsoring which is potentially linked to Brailsford cheating system being under more scrutiny and they have no history of success in Football.

So to say that INEOS Sport have a very good track record, is at best a massive overstatement.
 
GDaly95 said:
I really don't feel good about this. Nothing about it feels right. Just my gut.
Click to expand...

Anything the glazers have their hands in is bad for the fans and good for them in the long run. It’s right to be skeptical under proven otherwise. Hopefully Big Jim has some real control and know how and the best interests of the fans at heart. I think it’s going to be a very rocky road for the next few years and SJR is getting on too… it’s messier than it needed to be, that’s for sure
 
Question for anyone that is knowledgable about the NYSE and that process. Why has there not been a SEC filing? Is that simply because it's closed?
 
Berbaclass said:
3rd time lucky I guess :wenger:
Click to expand...

Hopefully. I don't even blame them for most of it, F1 is really difficult and very expensive, Sailing is dominated by other nations that have a massive advance and in terms of cycling, it's complicated to cheat when your GM is a known cheat who had to let his doctor go.
 
1 year saga and an emotional roller coaster. Thank goodness it’s done and hopefully the injection the club needs to come back to relevance.
 
As revealed, there is no obligation for Glazers to sell any further shares, but Ratcliffe is hopeful of increasing his stake over time. There is no 'put and call' clause, which was in a previous structure when Ratcliffe wanted a majority. However, Ratcliffe does have a first refusal should the Glazers wish to sell.
Click to expand...

these guys really never leaving huh
 
Kieran Maguire said on SSN if the takeover is approved by the end of January he will be able to buy more shares which can be used to fund transfers.
 
Just about as underwhelming as i expected. Financially almost a non event from the club's POV, just an extra layer of murky bureaucracy conceived by the dumb notion that you can isolate and compartmentalize the footballing side from all others. I expect that the 300m will be used to pay down the club's credit cards (250m borrowed to cover past acquisitions like Sancho and co). Not too much left over for Dulux weathershield.
I suppose you could construe it has monies available for future investment in the sense that our future short term borrowing capacity is refreshed.
 
JPRouve said:
Hopefully. I don't even blame them for most of it, F1 is really difficult and very expensive
Click to expand...

would you say more so than football? - also, based on what they've done elsewhere/previously - are you optimistic based on the challenges presented at United?
 
Why do supporters care who has commercial control over the club? All the majority care about is how well we do on the pitch, and we're now getting in a team to oversee that to ensure we're up there with the best.

Miserable fecking bastards.
 
MadDogg said:
Am I the only one that has noticed this in INEOS statement? Or am I misunderstanding it?



Ratcliffe is buying 25% of the club. Then he's putting $200m into the club, which will also see him receiving additional shares. Then he's putting another $100m into the club, which will see him receive more shares again. Presumably any further investments that he makes into the club will have the same deal. This encourages him to continue investing into the club, and each time he does he gets more and more control. The original $300m investment over the next 12 months will see him gain roughly an extra 5% control, taking him up to 30%.

It's exactly what a few of the more knowledgeable posters have said would be the likely avenue for Ratcliffe to increase his control as time goes on.
Click to expand...
This is correct, the announcement already has detail in further purchase of shares, conveniently ignored by most people. But tbh INEOS already have full ownership on the sporting side of things so its just commercial left.
 
Status
Not open for further replies.