Their last reported profits were 2.1 billion euros (2.9 billion operating profit) for 2021. Where are either of you getting these numbers from?
Club Sale | It’s done!
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This is why I would always respect any fans decision to keep following or not Man Utd if the Qataris are the new owners. It's a very personal decision, a difficult one if you've watching Utd for a long time
According to Qatar, this is private money, with no connection to the state, QSI or QIA.
Whether Qatar are being honest or lying, you can decide. Ultimately, all that matters is whether the relevant football authorities believe them.
And forecast of a return to 1.8 bn profits for 2022 and 2023.
INEOS are swimming in money and investment possibilities, yet the caf would have you believe they are skint.
No-one need’s worry about the club’s financial future if we’re owned by a company that makes 2bn a year profit.
I had the number for the year before that which is 650m. You are correct though, it was the number you are saying in 2021. The year before that was 1.2B. I guess a bit like most cyclical companies, the profits vary, in general being around 1-1.5B with two outliers in the last two years (the 650m and the 2.8B).
Exactly, it's not as pretty
The previous two years averaged 650m, 2021 is an anomaly? was the financing costs an anomaly given their debt increased, and they've reported the 3qrt decline in 2022?
A bit strange (or a sign) imo. They had more than enough time and most likely it wont be their priotity
Think you’re forgetting a global pandemic and INEOS committing 3bn to investment in 2019. Forecast for next two years is around 1.8bn.
I suppose that he looked at more than one year. In 2021 it was 2.1bn, in 2020 723m and in 2019 around 500m.
Our debt is an issue though. And I hope we can get rid once and for all
Mind boggling to see so many happy to have the tax dodging, Monaco living, American backed earth poisoning cnut.
There's for sure a cyclical element but I think 2020 has to be considered especially unique due to the pandemic. Every other year going back to at least 2016 (I haven't checked before then) their operating profit has been at least 1.2 billion and they have significant cash reserves.
Yeah, pig flies too.
I mean he is the son of the PM who was the most powerful politician in Qatar, and the uncle of the Emir’s father.
He also does not have 5B.
It is blatantly a way of going around UEFA rules of the same entity not owning two clubs.
Brexit voting too ^^
It's perfectly possible to come out of this process with a worse owner than the Glazers.
You could end up with Qatar pouring billions into a best in class club for the sake of PR. Or you could end up with a hedge fund that will try to drain every last asset out of the club, before putting it up for sale again in a few years time. Good luck pressuring a faceless group of investors with hashtags, atleast the Glazers are a clear enemy.
Either way, it will be the highest bidder who gets it.
You could end up with Qatar pouring billions into a best in class club for the sake of PR. Or you could end up with a hedge fund that will try to drain every last asset out of the club, before putting it up for sale again in a few years time. Good luck pressuring a faceless group of investors with hashtags, atleast the Glazers are a clear enemy.
Either way, it will be the highest bidder who gets it.
Whatever makes you sleep at night buddy.
I just hope that it ends up being someone who runs the team honestly so we don't end up in the same kind of shit City are in, looking like a joke of a club.
Given that it'll likely be the Qatari bidders, and they already look like a front for the real money, I won't hold my breath.
Given that it'll likely be the Qatari bidders, and they already look like a front for the real money, I won't hold my breath.
Like you care about the earth
The thing is I dont know if you've ever seen any capitalist company, but they don't just go, well we're making 2bn profit so if buying man united for 6bn will reduce our profits by half a billion a year while we build the stadium and repay debts, oh well, we'll still be making 1.5bn
If their profits don't increase each year then they're furious
This article is worth reading about Ineos and Sir Jim
https://www.ft.com/content/31b5e7e0-5c76-11ea-b0ab-339c2307bcd4
Covers what they are, what they say they're doing with sports, the speculation of greenwashing/sport washing as they're a petro chemical company.
One point is with many sporting ventures they could utilize the sporting sciences and data to improve each one. We've not really seen that yet but it's a point over Qatar and their average performance.
They've learned a bit through the swiss club and Nice but a little worrying is his tight stance on PL clubs, I guess this has changed and wants in.
https://www.ft.com/content/31b5e7e0-5c76-11ea-b0ab-339c2307bcd4
Covers what they are, what they say they're doing with sports, the speculation of greenwashing/sport washing as they're a petro chemical company.
One point is with many sporting ventures they could utilize the sporting sciences and data to improve each one. We've not really seen that yet but it's a point over Qatar and their average performance.
They've learned a bit through the swiss club and Nice but a little worrying is his tight stance on PL clubs, I guess this has changed and wants in.
Doing a bit of googling, I'd be a bit confused if they are now included as the new regs specifically say they aim to "encourage investment in and expenditure on facilities and activities for the long-term benefit of the club", which doesn't seem like something that including them would do.
To be fair, Brexit voting is ok. I mean, I thought it was a terrible decision, but people have their own opinion, and they decided so.
Brexit voting to return the Great in Great Britain, while having the residency in tax-free Monaco so it does not pay taxes in Great Britain is as hypocritical as something can be.
City had to fudge the books initially because they had feck all appeal to sponsors, barely sellout their stadium which is much smaller capacity than ours, and initially has far lower share of TV rights. We are a huge club and won't need to do anything like that
I think fresh equity can be injected to cover them. (Else you could never build anything unless you take it as a loan which you pay back over decades with the deviation allowed.)
his next tweet says:
United fans need to realize that both bidders have massive flaws.
He wants to Manchester back to Manchester United (or something like that) though
Jim owns almost all of the company, with just Reece & Currie owning smaller parts, I don’t think he’ll be slightly furious, he clearly loves the sporting ventures.
This makes more sense.
Tell Jim that I'm waiting for him at the marina.
As I said, someone wirh his financial resources should have made nice the clear number 2 team in France by now, given they weren't miles off when he took over, he clearly buys them hoping for a return in investment. Maybe he's hoping for the super league to take off, and then sell for a profit, and if that's his hope he's unlikely to bleed us dry, but that looks a non starter
This idea of better the devil you know is ridiculous. Far too much of this on the cafe. So stay with the Glazers because they’re shite owners, but at least we know they’re shite owner?
Bayern and Dortmund have next to no debt. Pretty impressive
How do you know he doesn’t? Many people do you know. It’s not uncommon at all.Like you care about the earth
They had just finished 8th & 7th.
But now you’ve gone on a tagent. INEOS clearly can afford United and can absolutely say feck it, we’ll take a billion of the profit and buy a new stadium renovation, because no-one can stop him doing it.
Or they can loan against INEOS for a stadium and have absolutely no worries paying that debt off over time.
That’s because they had to give more detail, due to the bizarre nature of the sale.
And mate, how many times does it need mentioning that holding seasonal
executive facilities at a football club isn’t the same as being a “season ticket holder”, in the way you’re making out. Lots of none Arsenal and none Chelsea CEO’s entertain clients and associates at the Emirates and Stamford Bridge.
You always post it as though he’s in the middle of the Matthew Harding chanting We all follow the Chelsea
There is always and excuse or a maybe around Ratcliffe from him being a Chelsea season ticket holder right to his divided loyalty between them and us and the loans he will take. Qatar come across as ambitious, wealthy, enthusiastic and with a plan. All that Ratcliffe can come out to counter is lazy brexit soundbites.
I've no interest in keeping the Glazers. But we should be clear they will sell to the highest bidder regardless of how it will impact the club
Why would he need to buy to make a return? He’s already rich beyond anyone’s wildest dreams and clearly loves getting involved in sporting ventures.
INEOS make huge profits already, which allows Jim to do shit he loves, like get involved in racing, cycling or helping a bloke run a marathon in under two hours.
There’s absolutely nothing to say INEOS would be buying United for profit. Maybe it’ll just be for Jim’s legacy, and buying football clubs has proven a very very sound investment.
I bet he will stay in Monaco though
Yes, but there are not endless investors expecting a return or profit. Point being the INEOS/SJR bid isn’t the capitalist smash and grab it’s being painted as.
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