Club Sale | It’s done!

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Very impressed with today's news. Insha'Allah all goes well, and that Qatar bid is successful. Spoke with a few of my Uni friends that came from Qatar and they're excited for it.
 
cyberman said:
Surely there’s other examples then? Even rumours of disgustingly elite billionaires from Qatar needing the ok to spend their money?
I’m pretty sure people can make that money especially with positions the father (and money man) of the probable new owners son held?
I’m 100 percent sure there’s corrupt billionaires out there who simply do not reveal their net worth and I can’t see why they would to be honest.
Again I think we’d be bought by money that has their source from the state but I’m starting to believe we won’t actually be state owned
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Just to share a bit of what I know as I was in Qatar few times and some of closest and oldest friends live in Qatar for over 30+ years (they basically were born and lived there all their lives) so I am somehow familiar with Qatar.

Qatar is truly a tiny state with less than half mill of citizens, a small state that sits on huge gas reserves, it's economy is heavily dependent on Gas and whatever they can derive from it, pre 1995 it was bit slow in growth and only exported oil, post 1995 it started to push for diversification of it's gas businesses, and also invested in other areas and that's where the massive wealth comes from, Qatar's Government (or the Royal family) owns the natural resources and with that money they built several businesses locally such as banks or others like steel and petrochemicals, all the major companies in Qatar are owned or partially owned by GLCs (Government linked companies like Qatar Energy or QIA) even Qatar airways, which is one of the biggest airline companies in the world is fully owned by QIA. (Qatar Investment Authority)

Saudi Arabia is large country with relatively large population compared to its neighbours so you can expect them to have wealthy business men who are not linked to the royal family in Saudi Arabia, UAE is also slightly bigger than Qatar and Dubai was major trading hub for the region for decades or even longer so you can expect them to have several uber wealthy people who are not linked to the ruling families, and especially in Saudi there are several wealthy families that can actually buy United outright, that is really not the case with Qatari wealthy people, they would not have the reach or the market in Qatar to grow whatever business they want without significant financial help from the government.. so it's indeed fair to ask where is the money coming from with Jassim or his father Hamad


The one thing that might make folks think that the father has more money is the fact that QIA bought out the remaining 50% of the company from all shareholders of Qatar Airways which included Hamad who was rumoured to own most of those 50% shares and we don't know how much he got from selling his shares to QIA, and based on a quick Google search, QA has total assets worth approximately £30bn but this number is from 2020 and the sale of shares occurred in 2014 iirc, Qatar airways has grown significantly between 2014 and 2020.

Just to reiterate, the middle east is home to several billionaire families who might be able to afford a £5bn-£6bn purchase of MUFC, but those billionaire families are based in big countries like Saudi and Egypt, and maybe in UAE at a stretch, and for sure those billionaire families wouldn't go for such a purchase (buying a big football club that will cost several billions) they might buy a mid or a small club for £50m-£200m (like Mushiri with Everton or that Egyptian fella who owned Fulham in the 90s/00s) but they certainly would never go for huge club the size MUFC since the their wealth is split among the members of the family and tied to their businesses/ventures, and that basically leaves you with state-backed or state-linked Investors/buyers like UAE with City or Saudi Arabia with NCFC.

And on your last comment, MUFC might be bought by a private entity from Qatar but you can bet your home that the Qatar State will have a say or undue influence on that private entity, remember that these people come from states ruled by Monarchs and the Gulf states especially require their populace to swear their total allegiance the King/Emir, not just ceremonially but literally and that applies first and foremost to the members of the ruling family which Jassim and his father hail from.
 
OmarUnited4ever said:
Just to share a bit of what I know as I was in Qatar few times and some of closest and oldest friends live in Qatar for over 30+ years (they basically were born and lived there all their lives) so I am somehow familiar with Qatar.

Qatar is truly a tiny state with less than half mill of citizens, a small state that sits on huge gas reserves, it's economy is heavily dependent on Gas and whatever they can derive from it, pre 1995 it was bit slow in growth and only exported oil, post 1995 it started to push for diversification of it's gas businesses, and also invested in other areas and that's where the massive wealth comes from, Qatar's Government (or the Royal family) owns the natural resources and with that money they built several businesses locally such as banks or others like steel and petrochemicals, all the major companies in Qatar are owned or partially owned by GLCs (Government linked companies like Qatar Energy or QIA) even Qatar airways, which is one of the biggest airline companies in the world is fully owned by QIA. (Qatar Investment Authority)

Saudi Arabia is large country with relatively large population compared to its neighbours so you can expect them to have wealthy business men who are not linked to the royal family in Saudi Arabia, UAE is also slightly bigger than Qatar and Dubai was major trading hub for the region for decades or even longer so you can expect them to have several uber wealthy people who are not linked to the ruling families, and especially in Saudi there are several wealthy families that can actually buy United outright, that is really not the case with Qatari wealthy people, they would not have the reach or the market in Qatar to grow whatever business they want without significant financial help from the government.. so it's indeed fair to ask where is the money coming from with Jassim or his father Hamad


The one thing that might make folks think that the father has more money is the fact that QIA bought out the remaining 50% of the company from all shareholders of Qatar Airways which included Hamad who was rumoured to own most of those 50% shares and we don't know how much he got from selling his shares to QIA, and based on a quick Google search, QA has total assets worth approximately £30bn but this number is from 2020 and the sale of shares occurred in 2014 iirc, Qatar airways has grown significantly between 2014 and 2020.

Just to reiterate, the middle east is home to several billionaire families who might be able to afford a £5bn-£6bn purchase of MUFC, but those billionaire families are based in big countries like Saudi and Egypt, and maybe in UAE at a stretch, and for sure those billionaire families wouldn't go for such a purchase (buying a big football club that will cost several billions) they might buy a mid or a small club for £50m-£200m (like Mushiri with Everton or that Egyptian fella who owned Fulham in the 90s/00s but they certainly would never go for huge club the size MUFC since the their wealth is split among the members of the family and tied to their businesses/ventures, and that basically leaves you with state-backed or state-linked Investors/buyers like UAE with City or Saudi Arabia with NCFC.

And on your last comment, MUFC might be bought by a private entity from Qatar but you can bet your home that the Qatar State will have a say or undue influence on that private entity, remember that these people come from states ruled by Monarchs and the Gulf states especially require their populace to swear their total allegiance the King/Emir, not just ceremonially but literally and that applies first and foremost to the members of the ruling family which Jassim and his father hail from.
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Great post and much appreciated
 
OmarUnited4ever said:
And on your last comment, MUFC might be bought by a private entity from Qatar but you can bet your home that the Qatar State will have a say or undue influence on that private entity, remember that these people come from states ruled by Monarchs and the Gulf states especially require their populace to swear their total allegiance the King/Emir, not just ceremonially but literally and that applies first and foremost to the members of the ruling family which Jassim and his father hail from.
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This! Anyone saying a Qatar(i) bid isn't state back, really needs a reality check.
 
devilish said:
Has ineos ever managed a football club that was remotely successful?
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What a silly silly point you’re trying to make. How is it relevant? If I go for a job at BBC news does it matter if I did poorly at my previous job at a smaller less relevant local news agency? During my interview they’ll realise “it’s different” and I didn’t really care about previous job
 
AlPistacho said:
What a silly silly point you’re trying to make. How is it relevant? If I go for a job at BBC news does it matter if I did poorly at my previous job at a smaller less relevant local news agency? During my interview they’ll realise “it’s different” and I didn’t really care about previous job
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If you did poorly at asmaller less relevant local news then you should not get a job at BBC in the first place
 
AlPistacho said:
What a silly silly point you’re trying to make. How is it relevant? If I go for a job at BBC news does it matter if I did poorly at my previous job at a smaller less relevant local news agency? During my interview they’ll realise “it’s different” and I didn’t really care about previous job
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While I agree with the point you're trying to make, this is a silly silly analogy
 
WalkerTheRed said:
Did you actually read my post?

they haven't lost a league game in 2 months and only lost one league game since October 1.

I'd say that's doing ok, considering they lost something like 5 of the first 8 league games.
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That's a rather unusual and extremely rawesque way of seeing things. I doubt that being 7th place can be considered good by any stretch of imagination. What about the Swiss team? How many times has it got itself relegated since ineos took over? Oh wait they might have won 3 chess matches at a row
 
OmarUnited4ever said:
Just to share a bit of what I know as I was in Qatar few times and some of closest and oldest friends live in Qatar for over 30+ years (they basically were born and lived there all their lives) so I am somehow familiar with Qatar.

Qatar is truly a tiny state with less than half mill of citizens, a small state that sits on huge gas reserves, it's economy is heavily dependent on Gas and whatever they can derive from it, pre 1995 it was bit slow in growth and only exported oil, post 1995 it started to push for diversification of it's gas businesses, and also invested in other areas and that's where the massive wealth comes from, Qatar's Government (or the Royal family) owns the natural resources and with that money they built several businesses locally such as banks or others like steel and petrochemicals, all the major companies in Qatar are owned or partially owned by GLCs (Government linked companies like Qatar Energy or QIA) even Qatar airways, which is one of the biggest airline companies in the world is fully owned by QIA. (Qatar Investment Authority)

Saudi Arabia is large country with relatively large population compared to its neighbours so you can expect them to have wealthy business men who are not linked to the royal family in Saudi Arabia, UAE is also slightly bigger than Qatar and Dubai was major trading hub for the region for decades or even longer so you can expect them to have several uber wealthy people who are not linked to the ruling families, and especially in Saudi there are several wealthy families that can actually buy United outright, that is really not the case with Qatari wealthy people, they would not have the reach or the market in Qatar to grow whatever business they want without significant financial help from the government.. so it's indeed fair to ask where is the money coming from with Jassim or his father Hamad


The one thing that might make folks think that the father has more money is the fact that QIA bought out the remaining 50% of the company from all shareholders of Qatar Airways which included Hamad who was rumoured to own most of those 50% shares and we don't know how much he got from selling his shares to QIA, and based on a quick Google search, QA has total assets worth approximately £30bn but this number is from 2020 and the sale of shares occurred in 2014 iirc, Qatar airways has grown significantly between 2014 and 2020.

Just to reiterate, the middle east is home to several billionaire families who might be able to afford a £5bn-£6bn purchase of MUFC, but those billionaire families are based in big countries like Saudi and Egypt, and maybe in UAE at a stretch, and for sure those billionaire families wouldn't go for such a purchase (buying a big football club that will cost several billions) they might buy a mid or a small club for £50m-£200m (like Mushiri with Everton or that Egyptian fella who owned Fulham in the 90s/00s) but they certainly would never go for huge club the size MUFC since the their wealth is split among the members of the family and tied to their businesses/ventures, and that basically leaves you with state-backed or state-linked Investors/buyers like UAE with City or Saudi Arabia with NCFC.

And on your last comment, MUFC might be bought by a private entity from Qatar but you can bet your home that the Qatar State will have a say or undue influence on that private entity, remember that these people come from states ruled by Monarchs and the Gulf states especially require their populace to swear their total allegiance the King/Emir, not just ceremonially but literally and that applies first and foremost to the members of the ruling family which Jassim and his father hail from.
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Good post!
 
Vapor trail said:
It doesn't need to be Googled there are fundamental differences between a Christian and Catholic. Almost to the extent that they contradict one another. My perspective is based broadly from the theology however not so much the status. So I can understand the generalisation.
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Catholics are the original Christians, Protestantism came much, much later. I have no idea where you've got your information, but that lie is often promulgated by the evangelical Southern Baptists in the USA.
 
AlPistacho said:
What a silly silly point you’re trying to make. How is it relevant? If I go for a job at BBC news does it matter if I did poorly at my previous job at a smaller less relevant local news agency? During my interview they’ll realise “it’s different” and I didn’t really care about previous job
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I get what you’re saying but I’m pretty sure performing poorly in your previous job would be relevant. :lol:
 
I must ask my Liberal mate if united being bought by a Conservative brexiteer who owns a major polluter company can be described as progressive
 
devilish said:
That's a rather unusual and extremely rawesque way of seeing things. I doubt that being 7th place can be considered good by any stretch of imagination. What about the Swiss team? How many times has it got itself relegated since ineos took over? Oh wait they might have won 3 chess matches at a row
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It was merely an observation based on current form. If they can keep up the momentum, they could very likely make it to the UCL which would be the first time since 16/17
 
AndySmith1990 said:
Don't know whats been the more tedious to read. The nonsense about religion and politics or the constant paranoia about the Glazers staying, as if they wake up and whimsically change their mind depending on their mood
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Add the CAF posters who just won't admit that the don't have a fecking clue as to what's going on!
 
OmarUnited4ever said:
Just to share a bit of what I know as I was in Qatar few times and some of closest and oldest friends live in Qatar for over 30+ years (they basically were born and lived there all their lives) so I am somehow familiar with Qatar.

Qatar is truly a tiny state with less than half mill of citizens, a small state that sits on huge gas reserves, it's economy is heavily dependent on Gas and whatever they can derive from it, pre 1995 it was bit slow in growth and only exported oil, post 1995 it started to push for diversification of it's gas businesses, and also invested in other areas and that's where the massive wealth comes from, Qatar's Government (or the Royal family) owns the natural resources and with that money they built several businesses locally such as banks or others like steel and petrochemicals, all the major companies in Qatar are owned or partially owned by GLCs (Government linked companies like Qatar Energy or QIA) even Qatar airways, which is one of the biggest airline companies in the world is fully owned by QIA. (Qatar Investment Authority)

Saudi Arabia is large country with relatively large population compared to its neighbours so you can expect them to have wealthy business men who are not linked to the royal family in Saudi Arabia, UAE is also slightly bigger than Qatar and Dubai was major trading hub for the region for decades or even longer so you can expect them to have several uber wealthy people who are not linked to the ruling families, and especially in Saudi there are several wealthy families that can actually buy United outright, that is really not the case with Qatari wealthy people, they would not have the reach or the market in Qatar to grow whatever business they want without significant financial help from the government.. so it's indeed fair to ask where is the money coming from with Jassim or his father Hamad


The one thing that might make folks think that the father has more money is the fact that QIA bought out the remaining 50% of the company from all shareholders of Qatar Airways which included Hamad who was rumoured to own most of those 50% shares and we don't know how much he got from selling his shares to QIA, and based on a quick Google search, QA has total assets worth approximately £30bn but this number is from 2020 and the sale of shares occurred in 2014 iirc, Qatar airways has grown significantly between 2014 and 2020.

Just to reiterate, the middle east is home to several billionaire families who might be able to afford a £5bn-£6bn purchase of MUFC, but those billionaire families are based in big countries like Saudi and Egypt, and maybe in UAE at a stretch, and for sure those billionaire families wouldn't go for such a purchase (buying a big football club that will cost several billions) they might buy a mid or a small club for £50m-£200m (like Mushiri with Everton or that Egyptian fella who owned Fulham in the 90s/00s) but they certainly would never go for huge club the size MUFC since the their wealth is split among the members of the family and tied to their businesses/ventures, and that basically leaves you with state-backed or state-linked Investors/buyers like UAE with City or Saudi Arabia with NCFC.

And on your last comment, MUFC might be bought by a private entity from Qatar but you can bet your home that the Qatar State will have a say or undue influence on that private entity, remember that these people come from states ruled by Monarchs and the Gulf states especially require their populace to swear their total allegiance the King/Emir, not just ceremonially but literally and that applies first and foremost to the members of the ruling family which Jassim and his father hail from.
Click to expand...
Thanks for a worthwile and sober read on the redcafe! Two things I didn’t expect when I got up this morning (which reveals some things about me).
 
I’d like to see SJR go all the way with his bid as in challenge Jassim but make no mistake Jassim will win this bid.

Can’t wait.
 
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