Not sure Kegan would actually really know. It is also still possible for bidders to come forward (Friday's deadline was not absolute and there's no way Raine will turn away interested parties with proof of funds).
Club Sale | It’s done!
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Not sure Kegan would actually really know. It is also still possible for bidders to come forward (Friday's deadline was not absolute and there's no way Raine will turn away interested parties with proof of funds).
Yes but they have 1/10 of the power of a b class share
If the Qatary owners or SJR or hell even Glazers want to bring in a shiny toy, don't think the manager will have any control over that. Fearfully, in case of the Qatary owners, the evidence we have i.e. PSG, that they like their shiny toys, and pretty sure none of the managers had any say in that.
The Glazers are absolutely shameless
I wouldn’t even be surprised if they end up selling to their American banker mates as one final feck you to the fans.
The lack of any credible news from that direction certainly has me concerned this may well be how this goes.
How much worse do the Glazers think their reputation can actually get?
Thanks
Regarding the 'majority share' vs 100% ownership of the two public bids.
It suggests that ineos are happy to leave public ownership on non voting shares, which makes some sense, it will not affect their management of the club at all.
But the qataris seem to be suggesting that once they have ownership they'll make an offer for the rest and take the whole thing into private ownership.
For us as supporters, and the team itself, I don't think it would make much difference either way.
It suggests that ineos are happy to leave public ownership on non voting shares, which makes some sense, it will not affect their management of the club at all.
But the qataris seem to be suggesting that once they have ownership they'll make an offer for the rest and take the whole thing into private ownership.
For us as supporters, and the team itself, I don't think it would make much difference either way.
Don’t bother debating them, it’s all nonsense at this stage. The irony is that the Qatar bid through the 92 foundation has put forward more of a plan to redevelop locally and commit to youth than Ineos has stated. There’s one problem though: Sheikh Jassim is brown and from the Middle East so clearly can never understand the club’s true values.
Again if you compare both bids without knowing who it came from, the Qatari bid is superior on all levels and not even close tbh. It’s just the wrong nationality and faces behind it.
They are not despised in America as they are here, its probably rare bad PR reaches them there
Why would the Glazers even bother briefing that? Unless they're going to start making excuses to sell to their American hedge fund buddies.
PSG only did the “shiny new toy” thing with bringing in Messi. Mbappe and Neymar were both fantastic signings that anyone in the world would have like for their own club at the time if they could have afforded it.
Seriously people act like PSG has just gone and bought the World XI every year
I don’t think skin colour is relevant here at all, for most opposed to the Qatari takeover at least. Seems an unfair allegation to level to be honest.
As said 10 times already, the board (which are the Glazers) can decide to put in voting selling all shares, and then can vote for that to happen. It is what happened when Glazers took a majority control at United, then they forced the minority shareholders to sell and Glazers owned at some stage 100% of the shares and made the club private. Then later sold some shares and made it public again.
There are many advantages for the new owner to buy all the shares: a) they might believe that the club will be worth more in the future; b) they might plan on investing their own money in the club (stadium, clearing the debt) so why the other shareholders would benefit from them while being free riders; c) they might want to take the club private so they don’t need to publish the financial records every 6 months. And that is just out of the top of my head.
That's my understanding of it, usually in corporate finance they cite the cost as it would value the entire business, but they will be wanting 100% of the share capital I'm sure so there will be a mechanism to force any hold-outs to sell and get the cash.
Unless Michael Knighton pops up for a quick demo of mad skillz!
Well this will show whether or not sheikh Jassim has a real affinity to this club,because anyone that does won't make decisions over Erik's head
Good point!
They do though it is extremely likely that the new owners will stop the dividend.
In their minds buying something for nothing and then selling it for £5 Billion is probably a success.
The Qatari/Ratcliffe should agree that the last contract is signed at OT just after the game. Let the Glazers face the fans afterwards
How is it not!
I hope this is tongue in cheek. I've been involved in business deals with Qataris in the past and my own experience is that they mean what they say and their word can be trusted. British businessmen with Sir in front of their names, maybe not so much,
It is of course.
Is it worth losing united for that?
I do not understand.
I have seen nothing to suggest that.
Human rights and state ownership is all I've seen being called out.
INEOS have pushed the local lad, British owner angle as a means of manipulation. Some of it seems to have stuck with some, but I don't see much in the way of racism.
This is just not true, I imagine. The Glazers haven't cared how people have perceived them for 17 years, why would they start now?
The British press really don't want another oil-rich club in the Prem
Don't mind if they make it private ownership because will know what to do with the club better than most supporters
Yet they praise the food at the Etihad and how lucky Newcastle were to get bought by the Saudi's. Let's get it right they don't want Manchester United being bought by an oil rich owner. We are doing well at the moment and it's terrifies them how good we could become.
Correction: they don't want United to be powerful.
Voodoo finance black magic probably.
A majority accepted takeover bid put all shares up compulsory.
69% of the time, it works everytime
If the Qatari are aiming to buy all of United with 5b then their offer will be inferior to that of Ratcliffe. Which means that the qatari will lose out on United. Now I ask are theA class shares worth all that?
We really don’t know what is in the offer, how it is structured and this is just an opening offer.
Lies, most likely.
Red flag if the head of Qatari Islamic Bank needs financial advice!
The 100 and 69 percent were a bit weird at first but it's worth remembering that these preliminary bids include minority stakes. So it does make sense that Ineos precised that it was for 69% of the club and the qataris mentioned 100% of the shared owned by the Glazer family.
I think that the Manchester united muppetiers video make sense. They are both aiming for the same thing ie those 67%. The raine group had been tasked to sell those
The offer to the glazers has nothing to do with the non-voting shares which the glazers do not own. It would be an additional cost. Which is, presumably, why Ineos are happy not to bother.
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