Everyone understands the role GS and JP Morgan. What we don't know are the debt condition and collaterals that will be given for financing. None of that was answered by "Ole was right" guy.
Club Sale | It’s done!
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Everyone understands the role GS and JP Morgan. What we don't know are the debt condition and collaterals that will be given for financing. None of that was answered by "Ole was right" guy.
Are you tarring all private citizens with the same brush? The consortium who are supposed to be bidding for us may have some ties to the State, but does it automatically mean they are all evil?
Do you similarly think all billionaires in the US agree with and condone police brutality, gun violence, the various US instances of US moving into other countries and killing thousands of innocent civilians in the name of "war on terror"?
The profit from United would be irrelevant for them. They'd just sell us if they didn't want to own if us as an investment.
It wouldn't be SJR buying the club from his personal wealth though. It would be INEOS buying the club. And that means there are other vested parties involved with the company whose interests aren't served by it spending billions just to fuel the Chairman/CEO's fantasy of owning a football team without any concern as to the company itself getting a return on that investment. These investments need to be justifiable to not do damage to the company, which isn't just run as SJR's own consequence-free fiefdom.
Glazers bought the club for nothing and are going to possibly make 6 Billion from the sale on top of the millions in dividends.
Hypothetically INEOS will buy it for 6 Billion and hope that the asset value increases or at the very least stays stable. This is less of a sure thing in my mind because we’re at a crossroads in terms of ownership rules and FFP and if it becomes prohibited for an oligarch or state backed bid to happen then who is going to purchase the club down the line. Maybe in 20 years we’ll laugh that you could buy a premier league football club for a mere 6 Billion but it’s still a huge gamble.
Hypothetically INEOS will buy it for 6 Billion and hope that the asset value increases or at the very least stays stable. This is less of a sure thing in my mind because we’re at a crossroads in terms of ownership rules and FFP and if it becomes prohibited for an oligarch or state backed bid to happen then who is going to purchase the club down the line. Maybe in 20 years we’ll laugh that you could buy a premier league football club for a mere 6 Billion but it’s still a huge gamble.
It sure does feel that way.
Pretty deplorable really in the United forum when so many of the fanbase are very much conflicted over the club they love.
Yeah, cares about the common man that stand-up guy
There isn't a real or logical reason for Ineos to own Manchester United. They are just doing it because Sir Jim wants it and he controls the company.
If he dies they'll sell it, almost certainly. And all the other teams they bought. They can invest that money in assets that suits their expertise and business interests which they'll profit from more.
Ineos has no ties to the club. They will either run as a business or they would sell us to the highest bidder. By that time all of the ME states will probably own a club which means that we will probably return in US hands
So that had nothing to do with him making more money with his organization?
I'd honestly post that in a separate thread, it'll just get skipped over within a page or two.
It doesn't matter how old Ratcliffe is because he isn't buying us.
Ineos want to buy us, and they are a private equity company with many shareholders that want a profit from everything they do. They are not all benevolent geriatric United fans, they are investors that want money, and lots of it, as much as they can get hold off. They invest by choice, for money.
If Ratcliffe was trying to buy for himself, with his own money that might, just might, not be the case, but he isn't.
edit: what @sullydnl says
He was against new EU anti pollution rules. He even threatened to close shop in the UK and move elsewhere if implemented.
Some Bayern fans have to find entertainment in as many ways as possible to be fair, life needs spicing up.
Yeah I couldn’t see a minority appealing unless it was muted early on to get around the issue of PSG
It seems as though they are legally happy they would have no issues in that regard now hence things gathering pace.
By moving his company to France does he now come under the EU that he doesn't like or is it still a UK registered company and the rules are different?
I am really finding it amusing to be honest. All these rival fans are now suddenly "worried" about football if United get bought by super rich owners. These concerns were not there for Newcastle or if it had been any other club. The excuses given for their stance is providing even more comic relief
Nothing to do with ‘what I think’. You only have to look at City, PSG and Newcastle to see how the world perceives state funded football.
It’s just a shame some feel the need to join the forum to behave like that if that’s the case
He's got a point though hasn't he?
We’d be the first giant to be taken over. It would really be the dawn of a different era in football. But we sadly won’t be the last. Expect Liverpool to go the same way.
The world sees them as cheating their way to the top. You think anyone would bat an eyelid if they tried to grow the club organically and within rules/laws?
German football is as competitive as German politics was during the late 30s
he owns two thirds of it and has complete control, so it's an arbitrary distinction really
there is no way a chemicals company would be buying Manchester United if this was a business decision
All these years we have been wanting the Glazers out, did people not think at the time that when they do sell, there would only be very select few who be interested and able to afford it? Either from United States again or the Middle East. I don't think Jim will actually buy the club especially if it becomes a bidding war.
Beggars can't be choosers. Club will be sold to the highest bidder and we just have to suck it up.
It could be disastrous or it could be the best thing ever, new training facilities, new stadium/upgrading stadium. Nobody knows really what the potential new owners have in mind.
Beggars can't be choosers. Club will be sold to the highest bidder and we just have to suck it up.
It could be disastrous or it could be the best thing ever, new training facilities, new stadium/upgrading stadium. Nobody knows really what the potential new owners have in mind.
Sportwashing doesn't necessarily need to include states. The Agnelli and Berlusconi can confirm that
This would be a freeing of the Glazer shackles, it’s quite a scary proposition for oppo fans.
Reading the thread, I assure you that the vast majority don't understand their roles nor do they seem to understand the difference of debt being in United's name or the buyers name (normal). They don't understand that even if someone has 10bn to splash on a football club in cash, that it's dumb to spend it all rather than get a loan on good conditions and to pay it off over time, as your asset gains in value.
People obsessing over what his motivation is, there's no way any of us can no for any prospective owner. If the US be stated they wouldn't take dividends and would transfer the loan in their name, then that's pretty much ideal start isn't it? Past that, none of us know what they'll do.just like nobody knew that Boehly would do this for Chelsea.
So if Sir Jim does buy us will he now come to all the United games rather than Chelsea's, Mix with the riff raff rather than the movers and shakers?
Can't help but think investors will see SJR as the palatable face of something in the ilk of the Glazers, if not to the same extent. Not a fan of any debt being used to purchase the club ideally.
It's really tough to know what to want - but with the suspected downturn in revenue given lack of on-pitch success, sponsorship revenues declining across the game, for us to get back to the top may require someone capable of putting a lot into the club from their own pocket. My biggest fear with these type of owners is how it ends. They'll never be in a position to need to sell and I fear it has the potential to come crashing down, as with Chelsea.
It's really tough to know what to want - but with the suspected downturn in revenue given lack of on-pitch success, sponsorship revenues declining across the game, for us to get back to the top may require someone capable of putting a lot into the club from their own pocket. My biggest fear with these type of owners is how it ends. They'll never be in a position to need to sell and I fear it has the potential to come crashing down, as with Chelsea.
I agree and that could certainly be a factor
But I don't think it's a significant one. Ineos don't have any issues with legitimacy or doing business with anyone because of their reputation - so it doesn't really stack up that well.
I agree with your overall point, but there are much better examples than Buffett. At 92, he absolutely loves his job and is driven to beat the stock market. But he isn't really that motivated by personal wealth, has probably pledged more to charity than anyone else alive and believes that the rich are too rich and that they should pay more taxes.
Interesting argument on the private citizen angle. Roman Abrahamovic was technically a private citizen wasn't he? Yet him being Russian very nearly killed Chelsea, despite I assume having no direct links to the Russian invasion.
Ultimately, we need to be careful about blindly welcoming anyone in. I'd be wary of someone of any nationality with close ties to any state (or in some cases the state themselves) buying the club.
Jesus this is some wind up merchant
There was a Bayern fan who said he enjoyed coming in here after a Inited defeat.
I’ll try and see if I can find who it was later
I mean look at the posts I just quoted..
I thought WUMming in the United forum was frowned upon tbh.
Point or no point they are clearly here to shit stir. From the ignorance of the Glazers to repeating the same sensationalist phrases to get a dig in..
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