Not sure, it still means theres a meeting to agree a budget and then what if things change?
Club Sale | It’s done!
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Not sure, it still means theres a meeting to agree a budget and then what if things change?
If they go by data McT is surely the first one out of the team.
Scroll back a few pages, it’s literally in the last few tweets!
Someone should make a list of all the Twitter liars from the past 12 months and blacklist them
Yup.
Because there’s no such thing as “control of footballing matters” without majority ownership. It’s only “control of footballing matters at the mercy of the majority owner” as of now. Which is to say, the running of the club in all manners is still wholly in the hand of the Glazers.
How is he going to do that?
Someone paying @ 1.6 b for control of football operations, if you’ve watched even just this year, totally worth it as a fan. Have at it Jim. You literally cannot do any worse.
Questions:
1) Although INEOS will run football operations, they need to allocate money for transfers. It will be up to the Glazers to allocate how much money is put into the bucket for spending?
2) If INEOS run football operations, this means that if Glazers do ever sell their part of the club, no one would want to buy their stake (unless you are a hedge fund/private equity) as they will have zero say on footballing matters. This means we will not got a Qatar or Saudi Arabia etc, just money hungry investors in the future. Our only hope is the Glazers to sell their remaining stake to INEOS.
1) Although INEOS will run football operations, they need to allocate money for transfers. It will be up to the Glazers to allocate how much money is put into the bucket for spending?
2) If INEOS run football operations, this means that if Glazers do ever sell their part of the club, no one would want to buy their stake (unless you are a hedge fund/private equity) as they will have zero say on footballing matters. This means we will not got a Qatar or Saudi Arabia etc, just money hungry investors in the future. Our only hope is the Glazers to sell their remaining stake to INEOS.
No idea. Offering the Glazers their own oil refinery?
I don't think it will happen, I'm just being amused at the thought of it.
Ratcliffe will have a "first refusal" option if the Glazers are going to sell further shares. Also, the only reason he amended his initial offers for a full takeover back around April is because the Glazers asked for it. I don't see how he wouldn't just buy the whole club outright if it was an option.
For me, I would like to give a question about the stadium, and what plans they have.
Scroll back a few pages, it’s literally in the last few tweets!
I dont really care about what some nobody from 90min football is saying about it. Actual confirmation by the club or Ineos or at least something on Sky or BBC.
I have no problem with Sir Jim buying the club outright if he has the dosh. I also don't have a problem with the Sheikh if he wants to come in and conduct joint business with the Glazers and Sir Jim.
Anything is possible and I have no clue how this will turn out.
Edit: The more players we have in the game, the more we move back to a PLC-like share structure like we had before and maybe that's a good thing.
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It’s literally in the second paragraph on the BBC article.
What's the point in being 25% of shares?
The Glazers didn't own 100% of the club. Ratcliffe will have the highest proportion of shares now at the club, individually.
They didn't hand over control for nothing. Ratcliffe paid them 1 billion quid to take control. He now owns the football side, not with caveats, he just owns it as he partially owns the club just like Avram Glazer partially owns the club and Joel Glazer partially owns the club. They can't just vote him out, that's not how it works. It's contractually stipulated that he owns the football operations now. He's not 2nd in command to the Glazers, he doesn't report to them. He's just in charge of that stuff, that's it.
There is a similar deal in basketball where Mark Cuban sold a large percentage of the Dallas Mavericks but retained control of basketball operations. Levy doesn't own Spurs, but he does control the footballing side.
Besides, this is an easy win for the Glazers. They get 1 billion to split amongst them, and they don't have to be responsible for or worry about the most important part of the business which also happens to be the hardest part to get right with a ton of variables which they clearly were never bothered to actually put much energy in. They can now just sit back and take their money, see the asset rise in value as somebody else does the work and takes the flak.
What would an actual confirmation from the club would look like other than "INEOS delegated responsibility for management of football operations"? I don't think the club will come out and say Joel has been shit and will have no say at the footballing decisions
i mean the deal that’s been announced explains it?
What a sad day in the history of the club. The day that the Glazers secure their place here for the rest of the clubs history.
You're easily amused!
The Glazers not only staying indefinitely, but also have someone to blame from now on if anything footballing wise go south. The made the perfect deal for them.
Yes I am, when it comes to watching very rich people throwing billions around like spare change
Merry Christmas! Finally!
What an absolutely fantastic deal for the Glazers and nobody else
After this deal the Glazers will, collectively, still own 51.75% of the shares, all (or virtually all) class B shares. They vote and behave as a collective unit and Ratcliffe is in the minority. Believing anything else is simply deluding yourself.
Where is this contract that stipulates that Ratcliffe now 'owns' the football side? And how did you get your hands on it?
The wording in the statement was as follows
I know this deal is sweet for the Glazers, that's what's making my blood boil.
At least we have some expertise in the footballing side of the business. In reality this may be the best outcome. Guess we were a bit naive thinking the leeches would leave. At least they will relinquish the footballing side to Sir Jim's team. On paper they all look very promising. Had a read up on some and Jean Claude Blanc stands out. Plus he looks way more handsome and smoother than Richard Arnold!
'Ineos running the football side' and 'The glazers have no power or veto over any football decision' are two very different things.
They don't though, hence this entire process taking such a long time. J&A have different interests vs the other four siblings.
So again, I'm asking you what would a club statement regarding that would look like?
Not really. There was no factual or logical reason for anyone to believe that Jim put an obligation to buy clause. Also anyone who was using that as a justification for supporting Jim’s bid should really now reassess . But as the saying goes “it’s easier to con someone then it is to convince someone they’ve been conned “
No, it's not. If you buy a share of Apple from some other random person, then you are investing in Apple even though no money goes to the company. This is extremely basic terminology. It is not inaccurate, it is not confusing, it is not ambiguous in any way.
We don't actually know what happened to cause the process to take such a long time. For the Glazers it actually pretty quick. It took them 2.5 years to appoint a sporting director and according to the Athletic only pulled the trigger because Murtough was about to walk.
Atleast now if we are shit on the pitch the Glazers can say thats nothing to do with us r kid
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