I know. I was hounded for saying I'm worried about Qatari owners bringing in names for the sake of it like they did at PSG. It's one thing to object, and another to talk down to people that don't. My position isn't even one of support of Qatar or relishing the prospect of whoever from there owning United, but that there's nothing we can do about it, and again, we live in the intertwinement between the west and oil states every single day of our lives and there's nothing we can do about that either.
Club Sale | It’s done!
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I know. I was hounded for saying I'm worried about Qatari owners bringing in names for the sake of it like they did at PSG. It's one thing to object, and another to talk down to people that don't. My position isn't even one of support of Qatar or relishing the prospect of whoever from there owning United, but that there's nothing we can do about it, and again, we live in the intertwinement between the west and oil states every single day of our lives and there's nothing we can do about that either.
The total opposite is what's happening in here though
No it's not a perfectly cromulent claim. To suggest the state has a controlling hand in QIB without evidence to back that up, or even from a desktop and biased position is naïve and ridiculous.
I replied to you yesterday to explain my position, so take your know it all name calling elsewhere and maybe follow your own advice. Either way you are going on ignore.
Yes I'm sure HBJ is very wealthy. No idea if he's wealthy enough to pump £8-10b into United though.
How exactly did he manage to sell a state asset to the same states sovereign wealth fund? A wealth fund which he was also running?
The context of use is not valid at all.
QIA is literally the state controlled sovereign wealth fund at the whim of the Emir and Prime Minister. As largest stakeholder of course they have a controlling interest in QIB.
Do they have the most shares? If so, they are the predominant shareholders. Not the majority shareholders but the predominant ones. Not that it matters, this cnut obviously doesn't have the money by himself so it's obvious where the money is coming from.
Nobody has claimed they ‘own’ anything. Look again. That they are the largest single shareholder is fact.
That doesn't make it "the predominately state owned QIB". Now, run along and listen to the video....
Wrong again, you don’t listen to a video you watch it. But whatever, we are done here.
INEOS 2021 Financials
If you go to page 139/218, you will see INEOS balance sheet. Then look at Cash and Cash Equivalents under Current Assets. They have $2.1B in cash available. They will have to finance the purchase with bank debt. The good thing is that they have a low debt level ~$407M and brought in roughly $2B profit on $18B revenue.
If you go to page 139/218, you will see INEOS balance sheet. Then look at Cash and Cash Equivalents under Current Assets. They have $2.1B in cash available. They will have to finance the purchase with bank debt. The good thing is that they have a low debt level ~$407M and brought in roughly $2B profit on $18B revenue.
That means they have only 1 person of 8 on the board of directors. Do you know who are the other 7?
So you should be rather alarmed that you don't get itMaybe read up on the history of the Middle East. There is material out there for all levels of readers in case you were concerned,
Read up on the history of the Middle East?
Do you deny or defend Qatar's hunan rights record? Their persecution of the LGBTQ community? Their treatment of migrant workers? Their marginalisation of women? Their links to terrorist groups?
Can confirm this is true.
HBJ is certainly very wealthy but doesn’t have enough personal wealth to buy United at the prices quoted.
A direct quotation is wrong? i cannot take you or anything you type seriously
Gross debt of 7.7b euro page F-45
The one good and only good thing about the Glazer's ownership is the transparency of the financials due to it being a PLC in the stock exchange. However, INEOS is a private company taking on utd's debt, and also using new debt (on Ineos) to buy man utd. We will never know what happens in the background, and I would be sceptical to be trusting Ratcliff's word. He is 70 years old, and although its morbid, we don't know what happens after 10 years - things may change dramatically. With Qatar we know it would be much safer long term for the stability of the club's financials.
Yes you are correct... I was only looking at current liabilities.
I personally can’t wait to be state owned, just so all this chatter can go and die in agony, western buffoons making moral mental gymnastics, just showing that they are kinda xenophobic. Who cares who owns us, be feking real, most of clubs are owned by the local mobster. But since he’s a local and not some foreign unknown entity, thats fine, he just killed a few people for legit reasons.
If anyone here started supporting a club because of its owners or even took it into account please do the society a solid and just stop following football.
p.s. I wanted Sir Jim for a long time, but if he can’t do it without a bank then rather someone who can.
If anyone here started supporting a club because of its owners or even took it into account please do the society a solid and just stop following football.
p.s. I wanted Sir Jim for a long time, but if he can’t do it without a bank then rather someone who can.
Agree.
However it suits some people’s agenda and they are quoting his ‘facts’ as gospel. I’m certain that if his piece was in support he’d be accused of being an internet nobody that knows nothing.
What does this mean? What club are you referring to?
The Athletic’s coverage of the bids has been equal parts amateurish and pretentious, which is like the majority of their work to date tbf.
Considered a new thread for this but think it’s my most disliked source of football news. Full of arrogant “intellectual”-type journos who have an incredibly limited understanding of the game, preferring instead to indulge in grand narratives and almost no insight in terms of actual news updates. Nothing but self-righteous, self-indulgent nonsense on there.
Considered a new thread for this but think it’s my most disliked source of football news. Full of arrogant “intellectual”-type journos who have an incredibly limited understanding of the game, preferring instead to indulge in grand narratives and almost no insight in terms of actual news updates. Nothing but self-righteous, self-indulgent nonsense on there.
Ah yes, Qatar's record on human rights Vs the Banking industry. Magnificent comparison.
Agreed, really. I think United have some of the worst coverage, though. Carl Anka is awful and relies on these sort of contrived observations of games, sold as “analysis”., Whitwell is lightweight. Mitten is a poor writer, and doesn’t really get news. Liverpool and Chelsea have much better coverage in The Athletic, in comparison.
https://www.bbc.co.uk/sport/football/64536218
Presumably this would be a blow to the Glazers if they were hoping to cling on and sell in a few years time
Presumably this would be a blow to the Glazers if they were hoping to cling on and sell in a few years time
I can see this being a field day for lawyers!
Because it bans breakaway leagues?
It doesn't help that Mitten is the most miserable man on the planet as well.
This reminds me of American elections where you're supposed to choose between War Criminal #1 and War Criminal #2 every four years. In this case, it's a greenwashing, tax-evading billionaire versus an Islamic theocratic despot state.
There are more football leagues then just the top 5, but when conversations are held about this specific thematic then its just the elite level football… I’m referring to smaller national leagues leagues and the past. I cba to list clubs, but just to satisfy your question NK Jedinstvo (Bihac, Bosnia), a club from my hometown was owned for a long time by the biggest local mobster, and I could list 10 more just off the top of my head.
Don’t get me started. Pretty sure he originated from YouTube and fairly certain he doesn’t watch games, or maybe just isn’t capable of making observations on a tactical level.
The reality is that the way football is being consumed in the modern age, there was always going to be space for this kind of publication. Yet, their content just reeks of ill-informed snobbery.
Brilliant. You've gone from "most clubs are owned by mobsters" to one club that nobody has ever heard of and, by the sounds of your post, in the past.
As s more general comment, I honestly don't think that people realise how bad this is for the club. In fact, I think the concept of "club" is gone. Its just sad.
Man, this thread is the dream of posters who love to tell us how moral they are and can expound their political ideals. It's like politics these days one side or the other, no in-between just get attacked by small percentage of people who ruin it for everyone else.
I fecking hate this shit line that posters are peddling that us who don't want Qatar are just on our high horse and peddling morals.
I would genuinely compare United being bought by Qatar to your only daughter marrying the local drug dealer. Its not that I have a moral thing against drugs, I just don't want my daughter being tainted by that shit.
And the idea that being against Qatar is expounding political ideals is, frankly, horseshit. Here's a great idea as to how to keep politics out of it - let's not sell the club to a fecking nation state.
Agree. With all this stuff going on in the world, you’ve got to be kidding me. People are saying this and others are saying that, it’s unbelievable.
There’s no middle ground anymore, there’s folks over here and other folks somewhere else. I mean what are you supposed to do with that ?
When did everything get so extreme ? We’ve got one group saying it should be like this and another group saying it should be done differently, you can’t win with these people!
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