Club Sale | It’s done!

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Jim O'Neill said he tried to involve minority Qatar investment in the Red Knights bid but they went with PSG instead for mostly political reasons.

Could be true, they probably weren't interested in a minority stake of a club. Doesn't exclude the possibility they tried to buy United outright before or after that conversation though.

It was Jim O’Neil who led the Red Knights, he said it was for political reasons they went for PSG (end goal in getting a WC) and it worked. He also said people shouldn’t be upset about where money comes from, the UK economy can’t survive without it.

They bought a majority stake in PSG in the summer of 2011 but they'd already been awarded the 2022 WC in December 2010. So I'm not sure that's why they bought PSG.

Two recent articles about it, both cite the Mail as a source so make of that what you will.


https://www.mirror.co.uk/sport/football/news/man-utd-takeover-qatar-ratcliffe-29178288

https://www.sportbible.com/football/harry-kane-man-utd-qatar-takeover-news-104185-20230208
 
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Now that the initial declaration of interest phase of the bidding process is done, it is now entering the phase where buyers will get to look at the books and financial forecasts in order to establish a true valuation of the club. If the ticket prices are higher this forecast will be higher and hence the valuation will be higher. The Glazers are known to want close £6bn. Now I know that raising ticket prices by 5% is not going add another billion on the price, but it is another factor that the various auditors can look at on the buyer's side to establish a valuation for their clients (Radcliffe and Qatar) on how much they should be bidding.

My point was that you don’t have to actually raise ticket prices to forecast higher revenues through increased ticket prices. You just have multiple projections for different price points. That’s what forecasting is, the use of assumptions to project future financial performance.
 
It was a dire day for the markets with more rate rises on the horizon which also means even more expensive debt for us
 
Could be true, they probably weren't interested in a minority stake of a club. Doesn't exclude the possibility they tried to buy United outright before or after that conversation though.



They bought a majority stake in PSG in the summer of 2011 but they'd already been awarded the 2022 WC in December 2010. So I'm not sure that's why they bought PSG.

Two recent articles about it, both cite the Mail as a source so make of that what you will.


https://www.mirror.co.uk/sport/football/news/man-utd-takeover-qatar-ratcliffe-29178288

https://www.sportbible.com/football/harry-kane-man-utd-qatar-takeover-news-104185-20230208


I imagine an under-the-table deal between nation states would have been arranged well in advance, and the purchase timed to stop things from being too obvious. The trust gained by sticking to the deal with a powerful ally would outweigh the couple of billion quid needed.

It's not as though they weren't going to seek to buy a club anyway, it's just where the funds would be diverted.

If any of that happened, anyway. I've not read loads on it.
 
Fair enough.

What do you think are the chances that the Glazers keep the club or that Elliott get their filthy hands on us?

No idea to be honest. I think the Glazers are definitely cashing out, if you push me on it. They’ve probably peaked their exit strategy value. I think the die was cast when the ESL was knocked on the head. To increase asset value further at this point, it doesn’t seem they can rely on external factors such as increased revenue from the ESL or the cost controls from a mooted ESL wage cap. Don’t forget their business model is built around financial projections accounting for CL Quarters every year. On that basis the risk profile is changing due to (a) transfer fee inflation, and (b) increased competition domestically. So all signs to me point to them being goners.

As for Elliot. He specialises in asset stripping. I think that’s incredibly difficult to pull off with United, but the correct answer is that we just don’t know enough of what’s happening behind the scenes to make any sort of a call.

If you backed me into a corner I would say this is going to come down to an Ineos Consortium, the Qatari’s, and a large hedge fund/investment consortium from the US.
 
I imagine an under-the-table deal between nation states would have been arranged well in advance, and the purchase timed to stop things from being too obvious. The trust gained by sticking to the deal with a powerful ally would outweigh the couple of billion quid needed.

It's not as though they weren't going to seek to buy a club anyway, it's just where the funds would be diverted.

If any of that happened, anyway. I've not read loads on it.

It's simpler than that. The purchase of PSG is linked to Colony Capital the owners of PSG, Accor Group and Sarkozy's firm which was managing Accor.
 
I imagine an under-the-table deal between nation states would have been arranged well in advance, and the purchase timed to stop things from being too obvious. The trust gained by sticking to the deal with a powerful ally would outweigh the couple of billion quid needed.

It's not as though they weren't going to seek to buy a club anyway, it's just where the funds would be diverted.

If any of that happened, anyway. I've not read loads on it.

Maybe mate, maybe the Emir is a United fan and they were interested in owning both clubs even back then.
 
Share price gone down now as the possibility of Glazers staying increases
Yep it’s dropped 16% in last 48 hours which is a pretty big drop for the stock market. Hopefully it’s not due to inside information of the glazers staying. :nervous:

How typical would it be if we finally got to the brink of getting rid of the glazers and then due to our success on the pitch they change their mind. You just couldn’t make it up.

I still think they are going though. It’s market sentiments driving the price down.
 
It was a tweet yesterday, I might recall it wrong
Feck. I’ve looked at their owner’s face, sometimes that’s all you need. I’d rather the Glazer just keep 100% then he gets involved, he’ll break us into pieces and sell us off bit by bit if they invest and revenues doesn’t increase enough to give a return.
 
Yep it’s dropped 16% in last 48 hours which is a pretty big drop for the stock market. Hopefully it’s not due to inside information of the glazers staying. :nervous:

How typical would it be if we finally got to the brink of getting rid of the glazers and then due to our success on the pitch they change their mind. You just couldn’t make it up.

I still think they are going though. It’s market sentiments driving the price down.

Yeah I am super jittery but appreciating the other posters providing some reassurance. Last thing I want is an Elliott/Glazer alliance
 
They had it impounded in a foreign port.
Yeah just read up on it. Was in Ghana and they got an injunction from the Ghana government… wonder how much they paid for that injunction.

When I first read the post, it sounded like that hired a private army or something to do it.
 
Yep it’s dropped 16% in last 48 hours which is a pretty big drop for the stock market. Hopefully it’s not due to inside information of the glazers staying. :nervous:

How typical would it be if we finally got to the brink of getting rid of the glazers and then due to our success on the pitch they change their mind. You just couldn’t make it up.

I still think they are going though. It’s market sentiments driving the price down.

If they stay and put us under even more debt I think the fans will actually start protesting and postponing all the home matches. Glazers can’t survive this given the figures banded about. They simply can’t afford us anymore but I’m sure they’d love to retain a stake in us which may ruin our chance of being sold to the best bidder for the clubs sake in the end. These lads can’t even manage to feck off properly. Useless.
 
If they stay and put us under even more debt I think the fans will actually start protesting and postponing all the home matches. Glazers can’t survive this given the figures banded about. They simply can’t afford us anymore but I’m sure they’d love to retain a stake in us which may ruin our chance of being sold to the best bidder for the clubs sake in the end. These lads can’t even manage to feck off properly. Useless.
We know they can’t afford to keep us as it is right now but the concern is if they get enticed by an offer from Elliot to buy something like 10% of the club for approx £300m. Glazers might see that as money they can use while still being able to milk the cow (especially if we are performing on the pitch again and attracting sponsors). It’s obviously just speculation at the moment, but it is a terrifying thought. OT would turn pretty toxic at that point.

I still think it’s going to be a bit of back and forth before the Qataris up their offer to a point where glazers say thank you and good bye.
 
If they stay and put us under even more debt I think the fans will actually start protesting and postponing all the home matches. Glazers can’t survive this given the figures banded about. They simply can’t afford us anymore but I’m sure they’d love to retain a stake in us which may ruin our chance of being sold to the best bidder for the clubs sake in the end. These lads can’t even manage to feck off properly. Useless.

Maybe the ratcliffe deal is best for the glazers. They can retain a stake in United under Jim.
Jassim has already pledged that he will want 100% control.
 
Maybe the ratcliffe deal is best for the glazers. They can retain a stake in United under Jim.
Jassim has already pledged that he will want 100% control.
How do you propose they retain a stake when Radcliffe's offer is to buy all of their shares?
 
Just out of curiosity. Why has the mood changed? Just yesterday it felt like a deal was guaranteed, we were all here arguing about who we wanted.

Has there been any concrete news or is it just journalist with twitchy fingers? The thing about the glazers wanting to stay because we’re doing well which I’ve seen mentioned today on here, I said month or more ago.
 
Just out of curiosity. Why has the mood changed? Just yesterday it felt like a deal was guaranteed, we were all here arguing about who we wanted.

Has there been any concrete news or is it just journalist with twitchy fingers? The thing about the glazers wanting to stay because we’re doing well which I’ve seen mentioned today on here, I said month or more ago.
I think it has a lot to do with Elliot’s proposal. Even though we do not know any detail about it, it’s possible that the Glazers could partner with them to continue their ownership one way or another. It has to be a nightmare outcome.
 
I think it has a lot to do with Elliot’s proposal. Even though we do not know any detail about it, it’s possible that the Glazers could partner with them to continue their ownership one way or another. It has to be a nightmare outcome.
That would be worse than where we are now. Potentially more future debt. Will be gutted if this is the outcome
 
Yeah just read up on it. Was in Ghana and they got an injunction from the Ghana government… wonder how much they paid for that injunction.

When I first read the post, it sounded like that hired a private army or something to do it.

One post said they overthrew Argentina. Haha. They are the worst but this place is a cess pool right now.
 
I think it has a lot to do with Elliot’s proposal. Even though we do not know any detail about it, it’s possible that the Glazers could partner with them to continue their ownership one way or another. It has to be a nightmare outcome.
The Elliot thing got revealed on the Saturday, it’s possible the glazers, as we now know are annoyed at both statements, leaked it just to strengthen their hand and stop INEOS & Qatar getting to ahead of themselves.

Negative: The glazers & Elliot’s owner share close political ties. So that is something that worries me.
 
The Elliot thing got revealed on the Saturday, it’s possible the glazers, as we now know are annoyed at both statements, leaked it just to strengthen their hand and stop INEOS & Qatar getting to ahead of themselves.

Negative: The glazers & Elliot’s owner share close political ties. So that is something that worries me.
Greediest meet each other, really!
 
That would be worse than where we are now. Potentially more future debt. Will be gutted if this is the outcome
If that’s going to happen, the protest will start globally. But, we probably remain helpless more than before.
 
Just out of curiosity. Why has the mood changed? Just yesterday it felt like a deal was guaranteed, we were all here arguing about who we wanted.

Has there been any concrete news or is it just journalist with twitchy fingers? The thing about the glazers wanting to stay because we’re doing well which I’ve seen mentioned today on here, I said month or more ago.

It’s a bit like when you’re in a really bad situation, and you see some light at the end of the tunnel. You’re very excited about the light, but equally the bad situation has you so down that any little shifts around you make you think that the light might be taken away. The vague hints and speculation that the weird looking parasites might stick around are those shifts in the dark tunnel.

How do these guys have so much money but couldn’t do anything about the way they look. They look exactly the way that their ownership of United has been.
 
Just out of curiosity. Why has the mood changed? Just yesterday it felt like a deal was guaranteed, we were all here arguing about who we wanted.

Has there been any concrete news or is it just journalist with twitchy fingers? The thing about the glazers wanting to stay because we’re doing well which I’ve seen mentioned today on here, I said month or more ago.

Nothing changed, but I for one am not getting my hopes up until the deals are signed and it's all official. From the outside it seems like at least some of the Glazers want to stay so I'm quietly terrified of this option.
 
Read something interesting the media have, we can all accept been going overboard in their anti Qatar campaign. But in doing so I read an interesting headline. We all assume the bid is state sponsored but look at this headline.

A man "sufficiently far away from the centre of power" whose father was deemed too rich for comfort in Qatar.” think about that. First understand Qatar is very small, so pretty much every Qatari might be related to the royal family or connected to the royal family. Officially they’re around 3000 members, from that 2980 are irrelevant.

Have the Athletic unwittingly revealed that our bidder is simply just backed by his dad? Really think about it, if it’s true and the dad is too rich for comfort, 1) he’s not that close to the inner circle, 2)why would the actual Amir choose the son of someone he’s not comfortable with to to buy United? Allowing them gain global power? It really doesn’t make sense as a headline to imply stats ownership. It could also just be a lie, I mean we know his dad was ex PM must have been trusted, at least in the past.

Now I know it’s just Athletic tweeting trying to force their opinion on others. But the headline does seen like something they would have researched. And just add it to a narrative that doesn’t really make sense knowing most readers won’t realise.

 
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Read something interesting the media have, we can all accept been going overboard in their anti Qatar campaign. But in doing so I read an interesting headline. We all assume the bid is state sponsored but look at this headline.

A man "sufficiently far away from the centre of power" whose father was deemed too rich for comfort in Qatar.” think about that. First understand Qatar is very small, so pretty much every Qatari might be related to the royal family or connected to the royal family. Officially they’re around 3000 members, from that 2980 are irrelevant.

Have the Athletic unwittingly revealed that our bidder is simply just backed by his dad? Really think about it, if it’s true and the dad is too rich for comfort, 1) he’s not that close to the inner circle, 2)why would the actual Amir choose the son of someone he’s not comfortable with to to buy United? Allowing them gain global power? It really doesn’t make sense as a headline to imply stats ownership. It could also just be a lie, I mean we know his dad was ex PM must have been trusted, at least in the past.

Now I know it’s just Athletic tweeting trying to force their opinion on others. But the headline does seen like something they would have researched. And just add it to a narrative that doesn’t really make sense knowing most readers won’t realise.


His dad managed the Qatari Sovereign Wealth Fund for over a decade. If you're looking to convince people this isn't a state bid that aint it.
 
Which world do you live in? You really think footballers give a shite on who is owning their team? They are professionals who are paid to play and entertain. Will you quit your job if Qatar or Saudi take over your company?

I'd likely be looking for a new job as I can't afford to be unenmployed.
 
Share price gone down now as the possibility of Glazers staying increases

The entire market was red yesterday. Nothing to do with internal matters at Manchester United. More to do with poor earnings guidance from major consumer staples and rising treasury yields
 


Nothing to do with internal matters, rising treasury yields, poor earnings guidance etc.
 
I think it has a lot to do with Elliot’s proposal. Even though we do not know any detail about it, it’s possible that the Glazers could partner with them to continue their ownership one way or another. It has to be a nightmare outcome.
Definitely not the worst outcome. Would take them over Qatar/Saudi Arabia any day of the week. Unfortunately, it may also be just a delay of the inevitable...
 
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