Club Sale | It’s done!

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Abhinav said:
Considering recruitment planning takes atleast 6 months (can refer to many sources here, latest being the Klopp announcement interview), and none of the SJR’s appointments are likely to take charge before the end of the season, not sure how much of an impact you are expecting? Not to say that the new management cannot take better decisions, but they are constrained by the amount of the groundwork done by the outgoing team.
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Largely agree. Pretty much anyone coming in and looking to sign new players are relying on knowledge that they gained at their previous club (and that might be of limited use if that club is focusing on different types of players) and knowledge that our current staff are providing.

I certainly hope we see some improvement, but it's the kind of thing that will probably improve further each window for a couple of years before we start seeing the full benefit.

In saying that, if the new guys (likely Ashworth and perhaps a future Head of Recruitment or other positions) were looking at similar types of players at their previous clubs, then we might see a more immediate impact.
 
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Interesting if he would jump ship so soon and join United. Obviously there's a bit more prestige at United than Newcastle right now, but he must be on a pretty sweet deal there.
 
Licha-Vidic said:
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There's too much noise around it to not happen and at no point has Newcastle or Ashworth come out to say it’s not happening, weren't Newcastle interested in Bournemouth’s DOF ? Can’t remember his name but read it in a few places recently.
 
davidmichael said:
There's too much noise around it to not happen and at no point has Newcastle or Ashworth come out to say it’s not happening, weren't Newcastle interested in Bournemouth’s DOF ? Can’t remember his name but read it in a few places recently.
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Brentford’s I believe it was. I can understand why as they seem to be really well run as well.
 
Massive and big day so happy.
Would we have to go through this process each time Jim buys up shares?
 
4 months to get the right people in for football operations and plan for the summer
 
I wonder when the bid will actually be completed so. Be interesting to see once Jim buys his shares if the stock price will jump.

Got some money in that I'm hopping to profit from
 
Fr. Todd Unctious said:
Is there anything to stop Jim buying the shares of the other two Glazers down the line or can they only be sold collectively alongside the Avram and Joel's
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I'm not 100% certain, but I think the other Glazers can sell separately but the shares would switch to Class A (ie. almost pointless in terms of gaining control) unless the rest of the Glazers agree that they can be bought as Class B. That's what happened with all previous sales prior to Ratcliffe buying this 25%. If that is the case, I'm also not certain whether all six of the Glazers would have to agree or whether it can be a majority rule (so if the other four agree to it then Avram and Joel wouldn't be able to stop it).

I have read a few different possibilities though, so this is part of the deal I'm really not certain about. If anyone knows for sure I'd definitely like to hear.
 
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Fr. Todd Unctious said:
Definitely substance to it now between this and Luke Edwards being the first to report it last night
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Great news. Only thing.. it’s a bit typical United. Getting reported in the news before we’ve even approached. I really liked the way we got Berrada that was completely out of the blue and not a sniff from the press until it was done. Maybe I’m traumatised from our years of being so badly run and the way this is being reported is the norm or maybe it was strategically leaked (Madrid) style ‘unsettle’ Answorth
 
JediSith said:
Great news. Only thing.. it’s a bit typical United. Getting reported in the news before we’ve even approached. I really liked the way we got Berrada that was completely out of the blue and not a sniff from the press until it was done. Maybe I’m traumatised from our years of being so badly run and the way this is being reported is the norm or maybe it was strategically leaked (Madrid) style ‘unsettle’ Answorth
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Most noises seemed to come from the North East to begin with rather than ourselves
 
prateik said:
I cant believe we are finally getting a DoF...
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Yeah, it really is incompetence of the highest order that it has taken this long to happen. The Glazers really did not care about how the club was operated once it was making them money.
 
KiD MoYeS said:
Yeah, it really is incompetence of the highest order that it has taken this long to happen. The Glazers really did not care about how the club was operated once it was making them money.
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Which is very shortsighted of them, given that they could've made a lot more money had the club been run properly.
 
MadDogg said:
The Glazers are the only other ones who hold B shares. So Ratcliffe buying 25% means they will still have 75% between them.

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After the £300 million investment it’ll be 29% of Class B shares that Ratcliffe owns and I read somewhere it’ll likely be 33%, @Woziak can you confirm on that please as I think you also touched on that ?

If Ratcliffe does have 33% it’ll mean that the parasites will only have 36% of the club between them as 31% is owned by various people/companies on the stock exchange, Ratcliffe has said he’s not in this for any money so we know at least 29-33% of profits will go back into the club which is massive from how it’s been over the last decade.
 
davidmichael said:
After the £300 million investment it’ll be 29% of Class B shares that Ratcliffe owns and I read somewhere it’ll likely be 33%, @Woziak can you confirm on that please as I think you also touched on that ?

If Ratcliffe does have 33% it’ll mean that the parasites will only have 36% of the club between them as 31% is owned by various people/companies on the stock exchange, Ratcliffe has said he’s not in this for any money so we know at least 29-33% of profits will go back into the club which is massive from how it’s been over the last decade.
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See below link for later tweet in same Twitter thread. The entire thread is very informative (written by a United fan who’s a transactional lawyer).

https://x.com/ole_was_right/status/1740043653765087479?s=61&t=ZvGzfV2Qafn11jKrPfufuA

”Remember how I said that the document broke the parties into blocks for ease of drafting, and the handling of contingencies? Well, that's where this gets fun. Pursuant to Section 7.1, the Glazers can *only* drag SJR into a sale, if they are the majority holder (50%+1 share). And, even then, there is an 18 month grace period during which they won't be able to activate the "drag along" clause. On day 1, SJR will have 25% voting power. Within the first year, SJR will own 29% of the club. Concurrent with that, he will have 18 months to convince the Glazers not named Avram and Joel (collectively referred to from hereon out as, the "super bastards") to sell him 21% of shares, which he can easily obtain by just buying out two of the non-super bastard Glazers.“
The transaction inherently pre-supposes, via these clauses, that this deal only ends 2 ways: with SJR in control; or with a full sale at an enormous up-charge to the would-be purchaser.”
 
BeforeKeanetherewasRobson said:


See below link for later tweet in same Twitter thread. The entire thread is very informative (written by a United fan who’s a transactional lawyer).

https://x.com/ole_was_right/status/1740043653765087479?s=61&t=ZvGzfV2Qafn11jKrPfufuA

”Remember how I said that the document broke the parties into blocks for ease of drafting, and the handling of contingencies? Well, that's where this gets fun. Pursuant to Section 7.1, the Glazers can *only* drag SJR into a sale, if they are the majority holder (50%+1 share). And, even then, there is an 18 month grace period during which they won't be able to activate the "drag along" clause. On day 1, SJR will have 25% voting power. Within the first year, SJR will own 29% of the club. Concurrent with that, he will have 18 months to convince the Glazers not named Avram and Joel (collectively referred to from hereon out as, the "super bastards") to sell him 21% of shares, which he can easily obtain by just buying out two of the non-super bastard Glazers.“
The transaction inherently pre-supposes, via these clauses, that this deal only ends 2 ways: with SJR in control; or with a full sale at an enormous up-charge to the would-be purchaser.”
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Cheers mate, so by the looks of it Ratcliffe will have majority inside the next 18 months and the parasites will effectively be no more than the current Class A shareholders as they’ll virtually zero power.
 
Finally a meaningful day to tag the 14th February with - forever known as SJR Day
 
MadDogg said:
Largely agree. Pretty much anyone coming in and looking to sign new players are relying on knowledge that they gained at their previous club (and that might be of limited use if that club is focusing on different types of players) and knowledge that our current staff are providing.

I certainly hope we see some improvement, but it's the kind of thing that will probably improve further each window for a couple of years before we start seeing the full benefit.

In saying that, if the new guys (likely Ashworth and perhaps a future Head of Recruitment or other positions) were looking at similar types of players at their previous clubs, then we might see a more immediate impact.
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Yes, and even then, you will have to navigate the legal minefields that Newcastle are likely to include as part of their agreement (e.g., no poaching of a known target etc.)
Realistically, the new team can show their impact on the shrewdness of the transfer dealings, i.e., walking away from an overpriced & bad deals (something the fans may not get complete transparency on), or opportunistic buys that arise out of the contacts our new staff would have cultivated over years.
Overall, I feel it will be a tough balancing act, given our FFP situation. The best we can hope for is a steady transfer window with 2-3 solid buys and focus on clearing deadwood and creating space in the squad for subsequent windows.
 
Big Ben Foster said:
Which is very shortsighted of them, given that they could've made a lot more money had the club been run properly.
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I think they never expected to be owners for that long actually. The massive influx of money in football led to the dramatic valuation of football clubs all around the world and they got fecked because the number of people who could afford to buy them out shrank.
 
If we snap up Ashworth smoothly next week and iron out the compensation/gardening leave issue, then I will be impressed.

INEOS moving quickly to assemble a highly-regarded team to run the club. This makes me the most optimistic I've been about United post-SAF.
 
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