Club Sale | It’s done!

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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.
I seriously doubt UK will try to feck with ME given the kind of investment they are doing there.
 
Neither did they (at least until Berlusconi entered politics). Actually the Agnelli were considered the business equivalent of the Royal family in Turin. Even Mussolini tread lightly around them

Ineos is a huge pollutant. Sport washing is needed

for what though?
 
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.

This
 
he owns two thirds of it and has complete control, so it's an arbitrary distinction really
If you think his fellow investors would go along with that you have a good point. If I were one of them I would look to sell in those circumstances though, pretty much any normal investor would. Unless of course the plan is to make money, then they might be happy with it.
 
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.

I would love to be in the board meeting where Sir Jim sold this to the Ineos directors

alright lads I know the practise runs with Nice and Lausanne didn't exactly go according to plan, but hear my out...
 
Well Felix and Kudus would not be short term targets, they are club targets which we have scouted for a long time. Plus they are both young so not short term, Wout or Falcao or Cavani is a short term signing.

Plus there is difference between going full Chelsea or actually signing a summer target in the January window, just the budget from summer window is carried forward here.

Nobody is becoming Chelsea if we are signing a striker replacement for a player who has been injured throughout the season. Becoming Chelsea is signing 3 players for a same position or signing players just so your rivals can't.
Felix isn't a typical number 9 anyway and based on what we know about ten Hag, he prefers more physically imposing strikers. Short or long-term, Felix didn't make sense due his profile and the money involved. We all want a proper forward as soon as possible but it doesn't work like that. Kudus also isn't a striker.
 
So it seems that the Qatari interest isn't really concrete and INEOS probably don't intend to meet the Glazers' valuation - any idea who the other 3 supposed parties are?
 
If you think his fellow investors would go along with that you have a good point. If I were one of them I would look to sell in those circumstances though, pretty much any normal investor would. Unless of course the plan is to make money, then they might be happy with it.

some probably will if they go through with this purchase, surely?

it makes feckall sense from a business perspective
 
So it seems that the Qatari interest isn't really concrete and INEOS probably don't intend to meet the Glazers' valuation - any idea who the other 3 supposed parties are?
Where did you get this information? All sources are claiming that Qatar is a serious bidder while SJR is planning to rope in GS and JP for financing his acquisition bid.
 
So it seems that the Qatari interest isn't really concrete and INEOS probably don't intend to meet the Glazers' valuation - any idea who the other 3 supposed parties are?

Seems from where? That's the opposite of what is being reported.
 
So it seems that the Qatari interest isn't really concrete and INEOS probably don't intend to meet the Glazers' valuation - any idea who the other 3 supposed parties are?

You're living in 24 hours ago. Its Fri 10th Feb baby!
 
So it seems that the Qatari interest isn't really concrete and INEOS probably don't intend to meet the Glazers' valuation - any idea who the other 3 supposed parties are?

It's two US consortiums and the Saudis apparently

but Qatar look like front-runners from reports
 
some probably will if they go through with this purchase, surely?

it makes feckall sense from a business perspective

It makes complete sense from a business perspective if they think the value of Manchester United will increase sufficiently in the future, as that's where the vast bulk of any return will come from.

How valid those projections of increasing value are, we have no idea. It's hard to tell what direction football will go in the future. But all that matters at this point is that that's what they project, as that would justify the purchase.
 
for what though?

Let's start exploring the origins of sport washing first. The earliest case of sport washing I can think off was in 1923 when Eduardo Agnelli bought Juventus. The Agnelli of the time had a far better reputation then Ratcliffe could ever dream of achieve. They were the business equivalent of royalty in Turin. In fact even il Duce tiptoed around the guys. Juventus on the other hand were nowhere near to what they are now. The club was still licking it wounds from the rather painful split with Torino. So why did the Agnelli's bought them? He knew that the Italians had two idols ie football and God. Since Eduardo had no intention to become pope he opted in buying the rather unknown Juventus, turn it into a superpower and shift that success over his companies. If a car producer can enter football and dominate it with a meah squad then imagine what he can do in his line of expertise. Such strategy was so successful that decades later Berlusconi would use the same tactic to increase influence in the country He managed to first arm wrestle the government to change its TV media rules and then to end up in government.

INEOS is not FIAT. Its a major pollutant which are increasingly become unpopular in modern times. Case in point is

https://unearthed.greenpeace.org/2019/03/23/ineos-chemicals-environment-pollution-eu-lobbying/

https://www.clientearth.org/projects/the-greenwashing-files/ineos/

https://theferret.scot/ineos-sse-exxon-carbon-polluter/

https://www.foodandwatereurope.org/...ReportIneosChequeredRecordinEuropeNov2017.pdf

https://www.epa.gov/enforcement/ineos-abs-usalanxess-clean-air-act-settlement

https://www.theguardian.com/environ...cking-firm-plans-dump-wastewater-in-sea-ineos

Its not just me who noticed it

https://www.theguardian.com/environ...cused-of-greenwashing-with-sports-sponsorship

https://www.manchestereveningnews.c...chester-united-jim-ratcliffe-glazers-26038425
 
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?

These 'private consortiums' are nothing of the kind. They are spin offs designed to manage the state oil wealth at arm's length. And yes - they are morally repugnant.
 
It makes complete sense from a business perspective if they think the value of Manchester United will increase sufficiently in the future, as that's where the vast bulk of any return will come from.

How valid those projections of increasing value are, we have no idea. It's hard to tell what direction football will go in the future. But all that matters at this point is that that's what they project, as that would justify the purchase.
Surely the value will only increase if they spend a load on the team to get it winning trophies again, spend money on a bigger better stadium and surrounding area to bring more paying customers in. Ticket prices might go up though.
 
This has become my favorite thread.

Each day I grab some popcorn and catch up on Cafe members share their ill-informed opinions represented as fact. It's actually kind of sad that watching pipe fitters and office workers and doctors, et al. argue about corporate finance transactions and mergers & acquisitions is so enjoyable.

I've been a corporate attorney for 30 years. I've worked at BigLaw, have been a general counsel on Wall Street for more than a decade and have run at least a dozen billion USD deals and I can tell you that, in my opinion, none of us have the slightest idea what is going on. How the winning bid will be structured and how the debt (if any) will be serviced is total and utter speculation. There are some arguments that have merit (e.g., not all debt is bad) and others that are simply hilarious.

Just the other day, 2 brothers you've probably never heard of acquired a NBA franchise (Phoenix Suns) for $4bn. I believe that the NBA has a leverage limit of $275m per team. So it seems to me that it is very possible for non-state actors to meet the Glazers' asking price without incurring debt. Whether any of the current bidders plan on doing so is wholly unknown and any statement to the contrary is simply speculation.

TL;DR please keep these arguments coming, they're fascinating. Definitely keep telling another poster that they are wrong when they speculate and state opinion as fact and then explain to them how you're right when you have absolutely no information other than what's been speculated in the press.

Disappointing Gordon Gecko's lawyer didn't earn himself a tagline for this
 
Minority investment is totally off the table. The Glazers are the thing holding back the value of the club. Anyone can see this.
 
I can't speak for you guys but I see them as plastic clubs because of their ownership. They just can buy success with unlimited funds. No need to develop and build a team. If a player doesn't perform they just spent another 80 or 100 million for his replacement.
There is no fair competition with these state doped plastic clubs.
Only the ones who criticized City and Chelsea and now openly support oil state ownership.

My initial post here addressed the many United fans who (rightfully) for years criticized the value of the titles City and Chelsea won. They said they don't care how many EPL titles City will win because they are worthless and just bought.
I wanted to know how these United fans feel about ME take over. They must feel gutted to become just another City.
Sorry no disrespect to you as a person, but I can't take BM fans lecturing others, as remember you lot (while not fee wise) did the same, nah far worse for decades by taking players off other teams in the German league that started to pose a threat to your team's dominance by offering better wages in the Bunga, so BM fans need to get off that high horse as it sounds as pathetic as the non-stop whining from the Italians and Spanish about the spending power of the EPL given they were the ones who started high fees and wages back in the 80s.

You ask how we would feel about becoming (just another city) I'll ask you this, how does it feel to be winners of a one team league.
 
some probably will if they go through with this purchase, surely?

it makes feckall sense from a business perspective
Depends on the price. United generate cash and their valuation rises so long as TV and sponsorship money rises. Liverpool, Chelsea and others, including us with the Glazers, were all bought by people wanting to make money.

If the bidding rises to the point Ineos think they won't make money they will drop out, which is what I expect.

I do get why people don't want oil money, but the twisting and turning to make the Ineos bid something it isn't has reached ludicrous proportions in places, if they prefer commercial owners to oil owners fine, just say so.

Personally I'll take the oil money, but each to their own.
 
It makes complete sense from a business perspective if they think the value of Manchester United will increase sufficiently in the future, as that's where the vast bulk of any return will come from.

How valid those projections of increasing value are, we have no idea. It's hard to tell what direction football will go in the future. But all that matters at this point is that that's what they project, as that would justify the purchase.

It really doesn't. They are a chemicals company that don't specialise in professional sports. They don't have infrastructure or assets that synergise with it, they don't have employees with those skills.

They even tried an experiment of running smaller clubs first to see if they could do it, and unsurprisingly it hasn't gone well. So yeah, it doesn't make complete sense to then turn around and spend 6 billion on the biggest team in the UK just because you think it will go up in value.
 
It really doesn't. They are a chemicals company that don't specialise in professional sports. They don't have infrastructure or assets that synergise with it, they don't have employees with those skills.

They even tried an experiment of running smaller clubs first to see if they could do it, and unsurprisingly it hasn't gone well. So yeah, it doesn't make complete sense to then turn around and spend 6 billion on the biggest team in the UK just because you think it will go up in value.

It may not have worked for them in football, but they're obviously trying to get into sport for the publicity. It's not just football, they're invested in cycling, F1, sailing, Rugby Union, and athletics. They're not all outright purchases (although some are).
 
It may not have worked for them in football, but they're obviously trying to get into sport for the publicity. It's not just football, they're invested in cycling, F1, sailing, Rugby Union, and athletics. They're not all outright purchases (although some are).

maybe it is just sportswashing then?
 
maybe it is just sportswashing then?

Could be, but I don't think it is personally, I think Ratcliffe just has an interest in sport and sees it as a good way of getting the brand out there. Getting the INEOS name onto Mercedes cars in F1 would be seen everywhere, as it would if they are associated by United and that means more profits rather than sportswashing.

I'm sure they do have a team working on that side of things as it's not insignificant what they own in sports now.
 
These 'private consortiums' are nothing of the kind. They are spin offs designed to manage the state oil wealth at arm's length. And yes - they are morally repugnant.
So basically assuming stuff without knowing anything.
 
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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
Sure, and their profit would come in the form of asset growth over time whenever they choose to sell it. Draining an investment for literal pennies compared to their revenue just isn't worth it for them. They would set us up to be in a good spot initially and then they would likely just leave us be as an asset. Yes they wouldn't pump money in either, but that's not needed IMO.
 
I'm not worried United getting rich owners.

I'm only wondering what the United fans, who post regularly that Chelsea's and especially City's trophies and titles don't bother them as they are just plastic clubs and gotten through financial doping or cooking up the books think with United will be just another oil state club.

I, for myself, would lose interest in football and stop following Bayern if they ever have ME oil states as owners.

Where are you from? If you're from Munich could really stop following United? It's so easy to say you'd mose interest in something you've done all your life.
Probably posted but sounds as if minds are made up



Unless the Saudis join the party, they'll(Qataris) be United owners.
 
So basically assuming stuff without knowing anything.

I don't need to assume anything. I know exactly what this regimes are like and where the money comes from for this buy. It's from oil.
 
It really doesn't. They are a chemicals company that don't specialise in professional sports. They don't have infrastructure or assets that synergise with it, they don't have employees with those skills.

They even tried an experiment of running smaller clubs first to see if they could do it, and unsurprisingly it hasn't gone well. So yeah, it doesn't make complete sense to then turn around and spend 6 billion on the biggest team in the UK just because you think it will go up in value.

It does make sense, as investment in sport falls within their business model. As it stands they already invest to varying degress in football, formula 1, cycling, sailing, rugby, etc.

Whether, why and how that broader interest in being involved with sport makes sense for a chemicals company, we don't particularly need to care about from a business POV (though perhaps morally). All that matters is that they deem investment in a football club like United to fall within an investment profile that has already moved into the realm of sport.

Once they do then it simply becomes a question of whether this particular investment is justfied by the projected outcomes, just like any other investment that falls within that profile. If they project they can make billions on this asset over the coming years, making billions makes sense.
 
I'm not worried United getting rich owners.

I'm only wondering what the United fans, who post regularly that Chelsea's and especially City's trophies and titles don't bother them as they are just plastic clubs and gotten through financial doping or cooking up the books think with United will be just another oil state club.

I, for myself, would lose interest in football and stop following Bayern if they ever have ME oil states as owners.

Firstly, it has been rumoured that the state will not own United. So, you are saying anyone who invests in something from Qatar should be tainted with the same thing?

Also, the reason we say plastic club is because they became big from when they got taken over.

Manutd, have history, are already a massive football club, they dont need rich owners to become big. We are one of the most decorated club in football without needing rich owners.

I hope you can see the difference.
 
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