MUST said his people reached out and said there will be more said soon.
Club Sale | It’s done!
- Thread starter JB08
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We probably should be less Man United and more Brighton tbf
Surely one more protest will let Jassim know he's in all our hearts.
Big tomorrow day next week
Big tomorrow day next week
If my memory serves me correctly, you were predicting week after week that Jassim and Qatar were going to pony up the extra billion needed to get it over the line.
What happened?
Please keep it civil and constructive! Exactly. If yesterday were the trigger for more it would have been in the press release.
There’s always a possibility of more but what we got yesterday were the legal parameters, anything above & beyond is fantasy.
We live in a world where most press releases will tell you what a person/thing is going to do, not what it is not.
Where were you when countless posters were speaking out of their arses about how there would be a ‘clear path to full ownership’ or saying ‘Sir Jim isn’t stupid of course he’ll be buying the club entirely eventually’?
The press release told us exactly what will be invested [for now], so based on that people are asking questions. To base a counter on an assumption of investment above & beyond what we were told in a press release given only yesterday is fanciful at best.
I think, funds permitting on Sir Jim's part, it will end up with him as the majority owner and the two holdouts in Joel and Avram being minority owners. Over the years we are going to see the other siblings stepping out and Sir Jim being on hand to buy them out and this deal will form the basis of future transactions that will have Ratcliffe getting an agreed portion in class B and the rest in class A.
The Glazers were approving 200m transfer budgets for ETH, Arnold and Murtough. I don't think they will stand in the way of genuine transformation which if successful will see a growth of their asset and their club back to more assured income from qualification to the CL which is a given if we become successful again. Arsenal were a joke just two seasons ago but look at them now, the same can happen here and they will be the biggest beneficiaries.
Could be holding that back until it’s ratified by the FA and PL and all official in case they run in to issues (as unlikely as that is)
The stadium and how it will be funded are strategic and operational issues to be decided by the parties internally so there is no need to announce them with the deal that just outlined the new ownership structure. For all intents and purposes the new co-owners seem to he more preoccupied with sorting the first team.
They never wanted to sell you must see that. I also don’t think Jim wanted a full buyout. Both parties are absolutely buzzing with this deal.
I’ll take your point on ultimately nobody knows what will happen with the shares but if they were in a rush to go you’d think that a buyout option would have been negotiated and it hasn’t. There was talk of them having a staged exit over the coming years but there’s absolutely nothing indicating that at this moment
Maybe he’ll finally be able to push through the Ron Vlaar deal.
There is one thing that I am reading about Ineos - they (supposedly) understand sport. They will look at the club and see plenty that we can’t see. If they really understand football clubs they will have a better idea than us what the problem is. Sacking the manager only helps if the manager is actually the problem.
Not too arsed about the stadium. Can do without cheeserooms and jumbotrons. If UEFA prefer the Emptyhad, meh.
I was wrong. Thank Christ.
Mind you, have never been enthused by Ratcliffe.
Hope I'm wrong again, I usually am, but can see it all going wrong and fast.
Nicolas Gaitan Wesley Sneijder Celio Silva Here We Go!
Let’s just say there’s a few glass half empty posters v the glass half full.
That’s the two camps now and I’d rather be in the latter personally. Ho ho ho!
That’s the two camps now and I’d rather be in the latter personally. Ho ho ho!
I’ve wanted these clowns gone for 15 years mate and the chance seemed to be finally here. But this deal feels like a complete sham for us fans of the club.
Look I hope to be proven wrong. In the next 12 months Jim might have revealed plans for a OT redevelopment and could have furthered his stake in the club but I’m sceptical to say the least. This deal just suits all parties. Glazers stay, Jim gets a stake with sporting control. Best we’ll get is a new footballing setup but they’ve not even impressed in that regard elsewhere
Im here to be proven wrong I’d fecking love it if I have to apologise down the line
So who is financing any possible loans. Utd can’t and neither are INEOS, as Sir Jim has made clear. So only possible loans would be on Sir Jim personally - but why would he take that on given his wealth?
As far as I know the current debt situation is $425m at a fixed 3.79% due in 2027 and a further $225m at a low variable interest rate due in 2025, the revolving credit facility is on similar rates. Given the current levels of inflation and interest rates they're likely to have to pay much higher rates of interest to be able to refinance it. I don't think the $225m has been refinanced yet, but I may be wrong as I don't follow as closely as I used to, but the $425m at 3.79% that needs refinancing before 2027 is going to be at much higher rate next time, edging towards the PIK loan levels of the early years, and they simply couldn't afford to deal with that, the stadium, the training ground and continuing to invest in the team. It would have forced them to sell. The 18-24 month timeline is because they would have to sort out refinancing before 2027. The Ratcliffe deal gives them a lifeline of patching up the stadium so they can deal with refinancing the debt. Interest payments will increase dramatically in the next couple of years though and impact the clubs ability to invest in the team.
They never said they would either. It was always a ‘strategic review’ not a straight outright sale. It was the fans and media that got carried away with the notion of a sale.
The Glazers have probably been laughing their asses off since last November.
Currently he is a minority shareholder with a specific mandate on the football side. Let's see the calibre of Sporting Director he will choose and attract, the coach his team will appoint cause Ten Hag is on the ropes and how things pan out thereafter. That's his stated immediate concern - no point in having a fantastic stadium like Tottenham without the team to play in it.
He has already obligated himself to injecting £300m which should be enough for an additional stand and sprucing up Carrington. Liverpool, City et al build modern training grounds for circa 50m so getting Carrington up to standard shouldn't cost that much as it will be a renovation. So from the 300m to be injected we will have some significant infrastructural upgrades.
The mess at first team level is the clear and present danger to the club. This is where we need our focus on right now.
Brighton with our budget and fan base would be competing for the CL every season
Will ratcliffe be at United game tomorrow now it’s signed, sealed and delivered?
He is only able to be in the UK a certain number of days per year so doubtful.
Well that is probably the case. I never thought it would be 25% though with no road to leave in the coming years. I mean I’ve been against Jim all the way through but even he had much better offers early on.
We’ll get a DoF. Big deal most clubs in the championship have a DoF were that fecking crap that we’re being blinded by this amateur hour deal that has absolutely no long term plan.
You see that’s the shit I want. Not so much blowing OT to bits but the 2B redevelopment plans. Gimme more of that.
Even David Ornstein said at the beginning that this could "seismic for Manchester United supporters."
How does he get the name wrong even when he's f*cking quoting the correct spelling?
To be fair to Orny, if he just tweeted ‘BUY MY NEWSPAPER’ or ‘CLICK THIS LINK!!!’ He probably wouldn’t get the engagement a big United story does.
Yes, he'll be doing keepie-uppies on the pitch at halftime
Didn't even notice that
Maybe it is supposed to be an endearing nickname? Rad-cliffe..Didn't even notice that
According to The Athletic it's 166 million in dividends, I think you are confusing debt (loans/credit lines) with dividends when they are actually completely different things of which only one puts money in their pockets
Knighton did it before the game, everyone was like "WTF, who is this plonker"
Might have been asked but 500 for 25pc... Is that not an extremely low valuation ?
There is an area in Greater Manchester called Radcliffe and it's a common surname with famous people like Daniel Radcliffe and BBC radio presenter Mark Radcliffe from Bolton.
A while back I used to think Sir Jim's surname name was Radcliffe when not really paying attention and him being local.
Some of the lads have been on here complaining all Christmas Day based on hypotheticals. At least wait till the end of the summer window to start complaining no? This is probably going to take years to fix either way. We will hear from the horses mouth soon enough what the plan is
Even Gary Neville called him Radcliffe in a tweet yesterday, once upon a time I actually lived in Radcliffe!
Why have we continued to spend ridiculous amounts of money, transfer window after window?
But of course the debt is affecting us doing so ....
The debt means little/nothing when it comes to the footballing side of finances,
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