I know how it works which is why I don't tell anyone that someone that doesn't have that kind of liquidity doesn't need a lender. The only people that do not need lenders are the largest banks and even them borrow out of need and convenience.
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik (@Rood) and Jamie (@Vault Dweller) are here to talk about United's dreadful home defeat at the hands of Big Ange's Tottenham Hotspur. Should this have been the end of Ten Hag? How long does he actually have left? And does Nik finally want ETH out?!
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I know how it works which is why I don't tell anyone that someone that doesn't have that kind of liquidity doesn't need a lender. The only people that do not need lenders are the largest banks and even them borrow out of need and convenience.
That's not a United account.
The problem we have is that details of the Qatar bid came out first, so everyone now has the mental image of a diamond paved Streford with bullet canal boats whizzing past our new floating 100k capacity stadium with fifty seven restaurants and cheese rooms. In a normal world the Ratcliffe pledge to get rid of the Glazers and redevelop Old Trafford would be met with untold glee, but now it's like being offered a fillet steak after the other person has promised to wank you off.
To be fair that promise is as solid as the promises Qatar made that you want to see to believe
Still surprised only 2 bidders.
No longer the case under the new regs (FSR).
Very true. But cant blame people for turning to the bidder more likely to invest heavily in the club, on and off the pitch, and who are not financed by American investors who only care about ROI.
What if some bids are very close to the same in value? I think the bidder will have to divulge more details to the fans and the current owners. Despite very obvious to make "they don't give feck" statements, they will have noticed nearly two decades or protests and acrimony and will to some degree look at the pros and cons of each bid.
Yes
Sure about that?
Yeah that's true as far as I know.
In theory INEOS would become the patent company. There would be no more Manchester United PLC. Infact INEOS isn’t even a PLC.
You said yourself, you don't care who the owners of the club are. I assume you don't care about the Glazer ownership either?
If so, my conclusions are correct so yes, we can leave it there.
Think there are more to come, it was a soft deadline. They might have wanted to see how the land lies.
New regs are still focused on player wages, transfer and agents fees being a maximum % of club revenue are they not?
Then there are solvency requirements too, but Manchester United dont have to be the entity investing in the stadium or in the local area.
This is part of the statment released in regard to the bid,
“We can confirm that Sir Jim Ratcliffe and Ineos have submitted a bid for majority ownership of Manchester United Football Club,” a statement, released to the PA news agency, read.
Not complete, not a takeover. I think Sir Jim's method of competing with money he can't compete with, is to appeal to the greed of the Glazers and have them retain some level of ownership and therefore profit.
“We can confirm that Sir Jim Ratcliffe and Ineos have submitted a bid for majority ownership of Manchester United Football Club,” a statement, released to the PA news agency, read.
Not complete, not a takeover. I think Sir Jim's method of competing with money he can't compete with, is to appeal to the greed of the Glazers and have them retain some level of ownership and therefore profit.
Only a select few can afford to buy the club for around $5b and spend money on the infrastructure of the club.
Qatar can do all the above, and without taking money put of the club!
They are planning to buy Glazers share. Think it was confirmed by few reporters today
Exactly and nothing prevents INEOS to act similarly to Manchester United PLC. Nothing.
How so?
feck me how many times does @bosnian_red have to clear this up.
Everyone is bidding for a majority, that’s all the bidding process is for, not the floated shares
And there is an offer to buy United without debt plus invest in the stadium, training ground and women’s team. Close your eyes, imagine that was Ratcliffe bid and bid with debt, no mention of investment in the stadium, training ground and women’s team was from Qatar. Then critique each on its merits.
@Regulus Arcturus Black why are you such an angry person?
? I’m not the one calling people morons or spastics.
Simply the one saying we should all wait till more detailed information regarding the bids is released.
Cheers for your input though.
Really. I recall “debt” being a huge no no 6 months ago
This is what I’m talking about
Elliott is a private equity. They have no loyalty, they only care about numbers, they don't bend under pressure and they can't care less about protests. If they decide to go full skint mode then there's no turning them and they always operate on a worst case scenario which means that they can't be bothered of top 4 either as they planned with or without it.
According to the muppeteers they are willing to buy a small stake at the club and they have extended the offer to everyone bar the Glazers. Which is typical from Elliotts. These people want to invest into something that will give them a guaranteed pay out soon afterwards. They won't trust such lousy owners.
That’s just how you read it I’m afraid. Coming into a thread an asking why someone (online) is always angry is a bit odd.
You simply dislike my posting style, I’m not even slightly angry, I can quote some people from the caf who’ve met me if you like
I find you often quick to go to jump in with harsh statements like the one above, but I accepted a while back we aren’t compatible for online debate.
it's 100% valid and realistic. Qatar tried to buy Liverpool before they refused to give a full sale.A bit of a shit reason, but part of me is worried that if we don't end up with Qatar, they'd simply jet down the m62 and buy the Scouse. We'd then watch them, City and Newcastle battle it out for the league most seasons. Meanwhile we comfort ourselves with Brexit Jimbo winning the moral cup every year, as we slug it out with the likes of Spurs and Brighton, but hey we're not an oil club at least. And Manchester will fully be back in United considering we'd lose our global fanbase
Obviously this was mostly tongue in cheek, but the concern sticks.
They'll try again no doubt if we refuse them. Make no mistake, whether we like it or not, Qatar ARE buying a PL club.
I'd rather it be us than Liverpool or Tottenham. Moral top 6 finishes won't do it for me.
So the owners will pump less money into United because we are already a big club. Man City light.
I'm sure our rivals and the football world will see it as fair competition if we are gifted new training facilities or a state-of-the-art stadium. Just as we would if liverpool were injected with sovereign state money and suddenly got a bigger stadium than us without even taking a loan. 'Fair enough, liverpool were a big club before that'.
Can we just respect each other opinion? We might have differing views but we all love the club (apart those who want Elliot involved)
The point I'm making is that the Ratcliffe offer is still a good offer, it's just not as good as the Qatari offer.
Since you're mentioning debt though, I've got an opinion on that too. We still have no idea how the debt will be serviced by Ratcliffe. The problem with the debt under the Glazers is that after nearly twenty years it's barely come down.
Investing in the club does not make us Man City lite
It has probably been mentioned already but one way that could allow Ratcliffe or others to finance the debt in a way that I believe is acceptable would be Old Trafford naming rights. While some purist will be upset, I don't really care because Old Trafford will always be Old Trafford in mind even its actual name becomes Pampers Old Trafford.
In retrospect the Glazers should have ignored the potential uproar because it would have served the club's finances greatly.
In retrospect the Glazers should have ignored the potential uproar because it would have served the club's finances greatly.
As long as their proper custodians of the club. That's all that matters.
I don't think fans will find that palatable.
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