Rolaholic
Full Member
- Joined
- Aug 1, 2016
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Nobody but does it matter? Hysteria and hyperbole are the foundations of this threadwho said that exactly?
Nobody but does it matter? Hysteria and hyperbole are the foundations of this threadwho said that exactly?
This is why I think politics needs to be taken out of this. There are so many things that go on in countries, no one is a saint.
Like you said, the UK is doing so much with Qatar in trade and infrastructure, so we cannot involve politics with this.
Every country has their own laws, yes some may not agree with them, but they will have to follow the laws and regulations of the country they are investing in anyway.
Why? What exactly do you think is going to happen if Sheikh Jassim takes over?
I have no idea what your first paragraph of waffle has to do with the logic (or lack thereof) of prefering relegation and bankrupty on the club. Although I do agree that a club is more than winning and trophies, in fact what MUFC represents goes far beyond any owner which is why I find such extreme reaction to any possible owner utterly bizzare.
It's not like the current US owners are some kind of bastions of the heritage of Manchester United - Malcolm Glazer never once visited Manchester in his whole life, yet you think they are preferable?
Nobody but does it matter? Hysteria and hyperbole are the foundations of this thread
This thread has been a good indicator of where people's priorities lie and also a good indicator of why we're so fecked as a society.
"Yeah, sure, they killed a few (thousand) guys, use slave labour, abuse the LGBT community, abuse women and abuse the environment but none of that matters because I want my football team to be the richest football team."
Something something apolitical centrist...
Whoa you really don’t sit on the fence. Well it’s not so much a fence as a curb. Can you even say fence any more? Either way, or one way, who knows. Well, they know, but the others don’t know.
How are they being suppressed? Middle Eastern states already own City, Newcastle and PSG while Qatar just hosted the World Cup. You also ignore that they if they make these improvements you're talking about then they would never buy United, the reason they can do it is because they're an undemocratic state where the royals can do as they like including spending money that could be used to pay migrant workers, improve their working conditions or make general developments to the state on buying a football team on another continent.
Being gay in Qatar is currently a criminal offence, that changed in the UK 56 years ago (plus nobody on here wants the UK government or royal family to buy us) so the idea that attitudes will change dramatically in the coming years is optimistic. Do you think imprisoning people for being gay is "the right way"? I want Qatar to develop while retaining some of their own values but states generally shouldn't be buying football clubs and a club as historic and as big as United shouldn't be desperate to become a political tool.
Why would you think I was interested in discussing this with you? I know you disagree, I know neither of us are going to change our minds. I responded to your absolutely moronic charge that I'm not a fan, that's it.
It is political though, it is not ‘made’ political or infused with politics. A representative of the ruling family of a dictatorship wants to control and use Man United for political purposes. This is a pretty clearcut fact, and not something you or I can ‘take out of it’.
We can try to forget it, try to avoid seeing it or try to minimize, twist or deceive ourselves about it. What the Al Thani’s wants to do with the club will still remain what we call political, however, won’t it? So how to relate to that fact?
This is a discussion forum in case you hadn't noticed - if you are going to make extreme and ridiculous statements then be prepared to be questioned on it
Anyone who thinks bankruptcy and relegation are a preferable option is not a Manchester United fan in my eyes, as it's quite obvious that is not in the interests of the club on any level
Where have you seen that HBJ is the richest man in Qatar? I would be very sceptical about that.His daddy is apparently the richest man in Qatar and the right hand man for the previous Emir. Its fair to assume that whatever money he is worth, he's going to be able to afford to spend a lot more when he borrows against his inheritance.
The only embarrassing thing is that you don't know basic maths.well, they control the company obviously.. that's so what
why is it so hard for you to concede such a basic thing?
embarrassing
The business man in question is named Al Thani (the same name as the Royal family of Qatar)
Said business man apparently has a worth of 1.2bn dollars too. That's about a 5th of what the Glazers are asking for and that's assuming he would be willing to put in every single last penny he has in the world too.
Please do some research.
I think it was a parody of this gem yesterdaywho said that exactly?
Which in itself was probably a really good piss takeWho 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.
Where have you seen that HBJ is the richest man in Qatar? I would be very sceptical about that.
edit - Forbes list him as a worth of 1.3b dollars. I’d say he’s far from the richest. Very well connected however.
There is one thing saying the countries laws and human rights are outdated and there is another thing making things up.
I dont know why people love making things up.
In respects to LGBTQ+, I might be be wrong but werent gay marriages only just legalised in UK in 2014? I am pretty certain you will see an improvement in this in ME in the coming years.
Why is it that we cannot allow countries to grow and change? Why do we need to supress them?
Alot of countries have their own laws and beliefs, why do people in the West think their way is the right way all the time?
@Regulus Arcturus Black what do you make of this? Do you believe that Ineos can afford to buy United at the price quoted?I will argue with Ineos 2021 (latest) anual report as refrence that Ratcliffe's bid for MU is directly bad. I will also argue that Ineos could potentially be a similar or worse owner then the Glazers from a strictly finacial standpoint.
The reported cost to buy MU is at minimum 4,5 billion. To that MU have a debt of nearly 1 billion including transfer costs and then the cost of a renovated Old Trafford or building a new stadium of at least 1 billion. A total liability for the new owner of 6,5 billion pounds is what it takes to buy MU and fulfill all promises inside their written statement.
If we look at Ineos they have a cash reserve of approxematley 2 billion, give and take.
Their anual net profit from the last couple of years fluctuate between approxemetley 400 millions up to 1,5 billion. Let say their avarage net profit is somewhere in between those numbers. That means that the interest cost of owning MU would wipe out between 50-75% of their net profit.
As it stand Ineos needs to fund a purchase of MU with loans from "WallStreet-investors". (their own words) From reading Ineos latest anual report I assume they have to loan approxemetley 90-95% of the purchase in case they don't find other co investors. With a total loan of close to 5,5 billion with an assumed intrest rate close to 7-10% we talk about anual costs of 4-500 millions/year. I asume they will let United continue paying for their existing loans of nearly 1 billion and that means out financial situation would be similar as the Glazers owned us , depending on if they taking out dividens or not.
All numbers gives indications that Ineos would be an bad owner for MU, similar to the Glazers. The numbers speaks for itself.
https://www.ineos.com/globalassets/...-reports/ineos-quattro-2021-annual-report.pdf
This is what is most confusing about people insisting it's not a state bid but still supporting it. How can a guy who isn't wealthy enough bidding through a company that doesn't exist be the best option?Has anyone figured out what the source of the money is in the Qatari bid given that the son clearly isn't remotely wealthy enough on his own to buy United and yet he rather flamboyantly boasts it will buy the club outright and invest in new stadium infrastructure. And yet there's little to no credible information on who is behind the so called Nine Two Foundation.
Has anyone figured out what the source of the money is in the Qatari bid given that the son clearly isn't remotely wealthy enough on his own to buy United and yet he rather flamboyantly boasts it will buy the club outright and invest in new stadium infrastructure. And yet there's little to no credible information on who is behind the so called Nine Two Foundation.
Well said. Gotta give you some credit for this.You did make some good points, but generally speaking homophobia is universally the wrong way no matter what any written law says. It’s not something that we should accept under the guise of “cultural differences”.
There is nothing working class about top level premier league football anymore, someone has to say it.
Qatar or not they were shoved to the side well before any of this let’s be honest instead of projecting whose the closest to a moral Angel.
QIA, QIB and QICHas anyone figured out what the source of the money is in the Qatari bid given that the son clearly isn't remotely wealthy enough on his own to buy United and yet he rather flamboyantly boasts it will buy the club outright and invest in new stadium infrastructure. And yet there's little to no credible information on who is behind the so called Nine Two Foundation.
Alright, I'm blocking you now so we don't repeat this in the future.
This is what is most confusing about people insisting it's not a state bid but still supporting it. How can a guy who isn't wealthy enough bidding through a company that doesn't exist be the best option?
Better and truer.SJR was the dream owner only a few months ago. Fans were holding banners with his face on.
What this is, is fans seeing a golden ticket tobuy our way to the topbe debt free and able to spend our own money. To some, their lives and happiness seem to rely on United being successful, so I understand why they are crack-fiend desperate for this fix.
QIA, QIB and QIC
In a statement confirming the bid, the sheik said the funds would come from the Nine Two Foundation, an entity of which there is little public record. But his wealth is tied to the QIB, which is, in turn, 50% owned by the Qatari Investment Authority, the investment branch of Qatar’s sovereign wealth fund. The QIB chairman is the son of Hamad bin Khalifa Al Thani, the powerful former emir of Qatar who was also a former head of the country’s sovereign wealth fund. Sheik Jassim’s brother, Sheikh Tamim bin Hamad Al Thani, is the current emir of Qatar.
Anyone else heard about the Qataris withdrawing?
There seems to be a lot of in-depth knowledge about Qatari society here. I was just wondering what their approach to birth control was.Source ?
I found this bit interesting....
https://qz.com/qatar-bid-manchester-united-glazer-jim-ratcliffe-ineos-1850136144
Lot of factual errors. Records doesn't show QIA owning 50%. Jassim's father was never the Emir, nor is Jassim the current Emir's brother.
There is nothing working class about top level premier league football anymore, someone has to say it.
Qatar or not they were shoved to the side well before any of this let’s be honest instead of projecting whose the closest to a moral Angel.
Yeah that is poor, there are enough connections with the state but those aren't accurate. I guess they do emphasise how little information there is about the guy bidding, it's mad that even the people close to the bid couldn't confirm his age or whether he's married.Wow...terrible journalism in that case, which is odd given that they are usually reliable.
Unless it is done in purpose to mislead the gullible.Terrible journalism in that case, which is odd given that they are usually reliable.
Sorry, but no true fan would ever want their club to go into bankruptcy.I'd prefer bankruptcy and relegation above Qatar, easily, which means I also prefer the Glazers above them even though I obviously don't want them here. There are no good alternatives, but I'm sure we could end up with someone better than the Glazers if we're "lucky".
Has anyone figured out what the source of the money is in the Qatari bid given that the son clearly isn't remotely wealthy enough on his own to buy United and yet he rather flamboyantly boasts it will buy the club outright and invest in new stadium infrastructure. And yet there's little to no credible information on who is behind the so called Nine Two Foundation.
Yahtzee! We have a winner! You answered your own question.It seems like a poor attempt at concealing the obvious, which is that this is little more than a state backed attempt to buy United.
This thread has been a good indicator of where people's priorities lie and also a good indicator of why we're so fecked as a society.
"Yeah, sure, they killed a few (thousand) guys, use slave labour, abuse the LGBT community, abuse women and abuse the environment but none of that matters because I want my football team to be the richest football team."