I think SJ withdrew the offer because of some other untold reason. Based on the calculation of $34 for Class B and 24.81 for Class A, which is appx. equals to $31.1x per share for both class A and class B. He could raise the price merely to $32 for full sale and it could probably get accepted and outbid SJR. My guess it was because of the Palestinian conflict.
Club Sale | It’s done!
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How can changes at a failing club be brutal?
These lot fecked the club so bad.
Agree on both points. Especially when you consider the history of the club and how well English players are playing right now.
Simply not true. If you actually read the filings, the Qatari bid was one to the 2 main bids throughout the process. Every bid made (and there were quite a few) was considered and referred to the board. Qatar withdrew right after the final JR proposal (the current deal).
You’re clutching mate. There has been rumours that Jassim’s bid was all air long before the conflict started. Fecker never even submitted proof of financing. He was a fraud.
I thought we'd all agreed that the chairman of a small bank would easily have $6/7 billion to spare with no strings attached? Plus people on here insisted that his daddy, who is very rich, would gladly provide several billion to support an investment that he'd publicly stated he didn't like because obviously a man with 15 children would give one of them billions to buy their favourite football team. Shocking to read that this may not have been the case.
Whatever he was going to offer, the Glazers would of asked for more. SJR appears to have taken the sensible approach of getting his foot in the door.
Mr Burns from Springfield, USA apparently wants to buy the club.
The nuclear energy tycoon has promised to take United to the top and replicate the success of the 1992 Springfield Nuclear Plant Softball team.
Despite evidence that he might not actually be real, Red Cafe users believe he is the best option going forward.
The nuclear energy tycoon has promised to take United to the top and replicate the success of the 1992 Springfield Nuclear Plant Softball team.
Despite evidence that he might not actually be real, Red Cafe users believe he is the best option going forward.
Heads will roll.
That medal has two sides. Buying best Brit players would be road to success. When you buy PL proven and top class player, he is plug and play. No need to adapt on league, country, he will not dream for Barca or Real etc....
Having a team made of Kane, Rashford, Saka, Toney, Shaw, Bellingham.....i would accept that approach this second.
Other side of medal is having a team made of Maguire, Pickford, AWB, McT and Konsa which is a road in becoming mediocre team.
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If you actually read the filings the Qatari bid failed to show proof of funds with every underfunded bid and made no mention of the additional funds they kept saying they would put into the club
Quote because Tweets are struggling;
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From MUFC's release, events of 9-2's negotiations with Raine/MUFC: 9-2's first bid of $25 on 17 February 2023 was for 100% of the shares based on an valuation of app. £3.8bn. Customary and required proof of funds was not submitted.
By 24 March 2023, 9-2 raised its offer to $28 per share or an £4.3bn valuation, without submitting required proof of funds.
By 28 April 2023, 9-2 raised its offer again, to $28.54 per share or an valuation of of app. £4.35bn, without submitting required proof of funds.
By 16 May 2023, raised its offer again, to $30.01 or a valuation of app. £4.5bn, without submitting required proof of funds.
On 22 May 2023, the BoD of MUFC told 9-2 that $35.25 per share, i.e. a valuation of app. £5.2bn would be "considered" (legal language for that they pinky promised that it would be accepted).
On 1 June 2023, 9-2 revised its offer to $34 per B share and $24.81 for A share -- i.e. an valuation of app. £4.6bn, without submitting required proof of funds.
After being informed of that the BoD would not recommend a proposal that didn't pay the same to A and B shareholders, 9-2 withdraw on 15 October 2023.
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So basically not only did they consistently bid well under the asking price, they never provided proof of having the actual funds they were bidding with, and they never proposed a scenario of paying the same to both A and B shareholders, which couldn't legally be accepted. This just doesn't feel serious at all.
That’s damning. They were never really serious in that case, it was a PR exercise only.
I am shocked that the made up AI qatari prince who was a "boyhood United fan" and the *definitely not state backed bid" never submitted proof of funds
The excess staff will be executed rather than simply made redundant.
ShAIkh Jassim
I actually said that it's possible that Qatar have been out of the race way before October 14 
Good to know that it was pretty close to the truth, whilst everyone disagreed with me
Good to know that it was pretty close to the truth, whilst everyone disagreed with me
We need a clip of Mr Burns mocking the Germans buying his power plant but edited to Qataris instead.
Just to be a pedant, I don’t recall disagreeing with you - so not everybody!I actually said that it's possible that Qatar have been out of the race way before October 14
Good to know that it was pretty close to the truth, whilst everyone disagreed with me
So Jassim is simultaneously both a fraud with no money, and also state-backed at the same time?
How long do we give Brailsford before we want him out?
He'll be a bald fr@ud in no time.
It probably won’t affect the fake Sheikh’s acolytes on this thread though.
They’ll still bang on about Glazer 2.0, RATcliffe etc ad nauseam.
What kind of Shoddy process Raine were running if they regularly entertained bids from a party which didn't even provide required proof of funds .
I thought Raine was legit and reputable firm .
What is your point exactly? That the lack of proof of financial funding invalidated their bids? That's simply not so. Each bid was considered and referred to the board. You and the confirmation bias you rode might consider it a PR exercise but the Glazers didn't otherwise "Bidder A" would have been rejected from the off. And for each iteration of their bid that was not accepted you will find an equivalent failed bid for JR. Does JR's refusal to meet the sellers original requirements mean that he wasn't serious either? Well, obviously not.
With each iteration, both parties made slight improvements to their bid. JR's final proposal (essentially the current deal) came just days before Qatar withdrew.
Questions really need to be asked about stock manipulation. Rio’s “Qatar are taking over” seems even more fishy.
Could be a way of framing it so people don’t feel they missed out on anything and also lowers the bar for Ratcliffe. If SJ was fake, then Ratcliffe is no longer measured against his bid and promises in 3-5 years.
Nope I’d read it again, couldn’t even meet basic requirements like proof of funds. Like I said clearly more PR than substance.
Exactly!
The Glazers wanted things done their way!
They needed something to leverage SJR with, the expected bidding war never materialised. The Qatar bid was perfect candidate as they were very vocal in the media, but clearly they had no chance of could t even meet a basic requirement.
Nope. I will refer you to the post you quoted. It is entirely accurate. Any bias in interpretation is yours alone.
They couldn’t even prove they had the money, clearly had no chance. It was just a pipe dream people got sucked in by, that was clear a long time ago. Even now people can’t accept it and are pining for someone who was more interested in paying Mike Keegan for PR than actually making a serious offer.
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Who is SR?
Anybody over 65 according to Forbes.
They didn't entertain them, they were rejected.
Sheikh Ratcliffe ?
I told you to TRIM those sideburns!!
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