Club Sale | It’s done!

[Woziak]

No it’s to buy out their shares. The non voting shares have minimal value as they are, once the sale is completed it’s a slow process to buy all the shares off the market and take it private.

I believe once you get to 90% ownership you are able to force the purchase of the remaining 10%.

Jassim indicated from the start its A full Takeover including shares so most likely that process will take until beyond the summer however the initial 69% would be purchased for the $6bln, that’s my understanding.

I think your on the right track, Sheik Jassim rumoured to bid £5bn or is it €5bn, no one can clarify which it is, however this bid is for the Glaziers Voting B Shares so 69% and majority ownership of the club, the Press release then goes on to say they want 100% of the club which means the Qatar investment bid will then take the club off the US Stock market and buy the club outright Making it privately owned and able to make instant decisions without telling the us stock market what he’s doing and not at the bequest of shareholders.

Your right this would take another 3-6 months after the initial sales and only impact this summers transfer window as we still need to inform the stock market of transfers and investments during this transitional period.

The true cost for Qatar however if £5bn or $6bn is the final fee to buy glazier shares would be much higher to buy 100% as the Qataris would buy these probably for another £1bn in cost while these shares were listed any stock holder could get 9 cents dividends on the share so 100 shares giving you $9 dividend per year, this model does not suit the Qatari bid and they would rather have complete control on all decision processes even if it costs them £5bn for take over £1bn for all public ‘A sharesand then £620m existing deb, yep that’s the true cost of £6.6bn plus that apparently was turned down plus the £2.4bn needed for Player, ground and stadium redevelopment.

Is there any wonder his Father said he thinks its not a great investment!

 

[Messier1994]

Who is this guy? Trustworthy?

Someone that went: Lets google some, seems like 5bn euro would be reasonable, picking a number inbetween the reports, add eye catching emoji, and post a tweet.

 

[Irrational.]

Yes! Give the keys to a guy whose net worth is 1.2bn and apparently has links to terrorists(idk if its true)!

What a completely ignorant and stupid post.

 

[GaryLifo]

If your going to link a potential owner to terrorism you should probably back it up with more than 'idk if its true'

1970s British police force says "hold my beer'

 

[LawCharltonBest]

Thanks for keeping the tweet only thread updated @Samid

 

[NorryKay]

I'm pretty much with you

I would personally rather oil money wasn't in football whatsoever. But it is. Not our problem

Everybody is happy to sit back and laugh when the Glazer leadership is causing United to get whipped, causing their stadium turning to rust and causing players turning them down for more successful clubs (mostly with oil money) who aren't shackled by debt. But as soon as there is a danger of United getting oil money on top of their popularity, meaning they'll likely blow everyone else away, people scream "unfair"

Bollocks to them. If Qatar come in and give us a billion pound to spend, that's a billion owed to the club from the Glazer regime.

Preach !!!

 

[Mr. Robot]

Genuine question: Is there another club in the Premier League, or in Europe for that matter - where their owners take out money for their OWN PERSONAL WEALTH, every single year? Again, this is not a rhetorical question, I genuinely don't know.

I'm past caring who buys us. I just want my club back.

 

[sglowrider]

I think your on the right track, Sheik Jassim rumoured to bid £5bn or is it €5bn, no one can clarify which it is, however this bid is for the Glaziers Voting B Shares so 69% and majority ownership of the club, the Press release then goes on to say they want 100% of the club which means the Qatar investment bid will then take the club off the US Stock market and buy the club outright Making it privately owned and able to make instant decisions without telling the us stock market what he’s doing and not at the bequest of shareholders.

The true cost for Qatar however if £5bn or $6bn is the final fee to buy glazier shares would be much higher to buy 100% as the Qataris would buy these probably for another £1bn in cost while these shares were listed any stock holder could get 9 cents dividends on the share so 100 shares giving you $9 dividend per year, this model does not suit the Qatari bid and they would rather have complete control on all decision processes even if it costs them £5bn for take over £1bn for all public ‘A sharesand then £620m existing deb, yep that’s the true cost of £6.6bn plus that apparently was turned down plus the £2.4bn needed for Player, ground and stadium redevelopment.

Is there any wonder his Father said he thinks its not a great investment!

If the business model was just use the money, 6-8 billion just to buy the club on its own, it's clearly a poor investment.

It was obvious from Day 1 that you get better returns just putting that money in T-bonds.

Therefore you can assume that the son has pitched the project to the investor/dad & group with a business model with some ROI component.

 

[AndySmith1990]

Yeah RMC are usually pretty straight forward but never heard of this guy. I seriously doubt 5bn would be their final offer, since it was also their initial offer.

No official bids have been made by anyone so far. They may very well make a one and only offer of £5bn. Who knows

 

[Member 125352]

So did we come cheaper after yesterday?

 

[Woziak]

If the business model was just use the money, 6-8 billion just to buy the club on its own, it's clearly a poor investment.

It was obvious from Day 1 that you get better returns just putting that money in T-bonds.

Therefore you can assume that the son has pitched the project to the investor/dad & group with a business model with some ROI component.

Totally agree the ROI will be on redeveloping the area around Old Trafford with restaurants, hotels , new flats and maybe a United style theme park around the new stadium. It’s why the PL and Govt won’t interfere, they will provide new commerce and industry. The one good thing the Glaziers did do was to buy the land around the stadium.

 

[horsechoker]

So did we come cheaper after yesterday?

£7 off

 

[TrebleChamp99]

If these guys are going to be visiting OT not a chance the cameras don’t catch them.

Imagine this will be a bit of a circus in the coming days.

 

[Ian Reus]

If these guys are going to be visiting OT not a chance the cameras don’t catch them.

Imagine this will be a bit of a circus in the coming days.

The circus was in Liverpool yesterday but maybe stopping off at Manchester next.

 

[Sultan]

Totally agree the ROI will be on redeveloping the area around Old Trafford with restaurants, hotels , new flats and maybe a United style theme park around the new stadium. It’s why the PL and Govt won’t interfere, they will provide new commerce and industry. The one good thing the Glaziers did do was to buy the land around the stadium.

The skyline around the ground has changed beyond recognition over the last few years. The areas around the ground is mostly now built up with new apartments, shops, restaurants and hotels. The reason City owners were made to invest money into infrastructure around the ground was they were given a new stadium.

 

[Champ]

So did we come cheaper after yesterday?

No, bizarrely we actually increased in value today.

 

[sglowrider]

Totally agree the ROI will be on redeveloping the area around Old Trafford with restaurants, hotels , new flats and maybe a United style theme park around the new stadium. It’s why the PL and Govt won’t interfere, they will provide new commerce and industry. The one good thing the Glaziers did do was to buy the land around the stadium.

Yeap. Plus they will do a bunch of property development in Qatar or globally. They generally buy premium, top shelf brand entities/properties only like a Harrods.

They should leverage on the relationship of BEin too to build a global reach for a personalised fan experience and relationship. With a much bigger budget and BEIN's infra they would have a level of engagement that's similar to that of a cartard here on the forum. A global united community that engages with the club on a hourly basis 365 days a year. TV to personalised virtual fan experience/ engagement. United 365.

They have more latitude to build a wider scope or spectrum of multiple revenue streams than say an ineos which could explain why they can afford to pay more.wont be surprised if they cut a deal with the glazers to do some retail mall stuff in the future.

United will just be the 'anchor property' to enable build a lot more around it.

Jassim won't be chucking billions into something just to satisfy his boyhood/fan dreams.

 

[NotThatSoph]

This thread completely summed up in half a sentence.

So you’re getting all worked up over things you don’t even know to be true? Alright then.

If your going to link a potential owner to terrorism you should probably back it up with more than 'idk if its true'

Wtf. Idk if it’s true but I’ll just post it anyway.

What a completely ignorant and stupid post.

It's not exactly secret. Mostly it's financial, allowing "charities" to operate and funnel funds to various groups. Wikipedia is Wikipedia, there are more out there, but this will do. https://en.wikipedia.org/wiki/Qatar_and_state-sponsored_terrorism

Most clear cut is groups like Al-Qaeda, Islamic State, al-Nusra. There's Hamas, which is maybe a little more controversial.

It ranges from outright support, to turning a blind eye, to lax enforcement.

 

[sglowrider]

It's not exactly secret. Mostly it's financial, allowing "charities" to operate and funnel funds to various groups. Wikipedia is Wikipedia, there are more out there, but this will do. https://en.wikipedia.org/wiki/Qatar_and_state-sponsored_terrorism

Most clear cut is groups like Al-Qaeda, Islamic State, al-Nusra. There's Hamas, which is maybe a little more controversial.

It ranges from outright support, to turning a blind eye, to lax enforcement.

One man's terrorist is another man's freedom fighter.

Let's not pull this discussion into this thread when there is zero evidence that jassim has any involvement in such terrorist/freedom fighting activities unless your purpose is to redirect or fear monger.

 

[NotThatSoph]

One man's terrorist is another man's freedom fighter.

Let's not pull this discussion into this thread when there is zero evidence that jassim has any involvement in such terrorist/freedom fighting activities unless your purpose is to redirect or fear monger.

Yes, I'm sure al-Qaeda, Islamic State and al-Nusra are freedom fighters to some, that is a good point sglowrider.

 

[Plant0x84]

One man's terrorist is another man's freedom fighter.

Let's not pull this discussion into this thread when there is zero evidence that jassim has any involvement in such terrorist/freedom fighting activities unless your purpose is to redirect or fear monger.

Come on man, you’re better than this!
All that needs to be said is the state sponsors/supports these activities and Jassim and family have strong links to the state. That’s enough.

 

[Woziak]

The skyline around the ground has changed beyond recognition over the last few years. The areas around the ground is mostly now built up with new apartments, shops, restaurants and hotels. The reason City owners were made to invest money into infrastructure around the ground was they were given a new stadium.

What about the huge car park space that the club owns, there is still a lot of space around the club owned by Glaziers, how much I have no idea but I know they spent over £8m in 2011 and then bought more land in 2017. If they have enough space, the Qataris would probably see a huge opportunity to build a mini stadium 10,000-15,000 for youth and women team plus a mini Sporting arena for maybe Basketball and Boxing and then move old Trafford to a 90,000-100,000 all seater state of the art stadium. We might even see a Manchester United basketball team.

 

[croadyman]

It's certainly soften their stance! And if they want to drill down to it -- it was Cody gapko that broke them. Couldn't afford him and he goes on to score two against us.

I knew he would have a say yesterday whether that be goals or assists

 

[croadyman]

I’m with you, the media reaction to yesterday has been unreal, obviously I knew it would be and there’s some justification in that but I’ve seen headlines like “United knocked off their perch” and the piss taking on talksport this morning has been unreal.

In one way it feels good to know we’re hated again and the shitstorm a Qatari takeover would create would be phenomenal and all though I’ve never supported it, it now makes me almost want it just to feck the media off.

Oh yeah the shitstorm would be absolutely glorious from the media,just drink it in man

 

[Rightnr]

I knew he would have a say yesterday whether that be goals or assists

Don't forget Nunez... 4/7 goals scored by players our manager wanted but we couldn't afford. Although it makes you think what would have been if we spent the Antony money on Nunez.

 

[croadyman]

Don't forget Nunez... 4/7 goals scored by players our manager wanted but we couldn't afford. Although it makes you think what would have been if we spent the Antony money on Nunez.

Gakpo more annoying than Nunez

 

[jem]

Yes! Give the keys to a guy whose net worth is 1.2bn and apparently has links to terrorists(idk if its true)!

If you don’t know if it’s true then why the feck did you mention it? It’s like me saying Memento28 apparently supports Liverpool (idk if it’s true).

 

[MiamiSpartan]

Isn't the family net worth 275bn?

I mean, yeah, the Royal Family. Meaning the government. Not that Jassim or his dad have access to that personally. They are very distant relatives to the Emir, and there are literally tens of thousands of members of the Royal Family. It isn't exactly shared wealth.

 

[Sultan]

What about the huge car park space that the club owns, there is still a lot of space around the club owned by Glaziers, how much I have no idea but I know they spent over £8m in 2011 and then bought more land in 2017. If they have enough space, the Qataris would probably see a huge opportunity to build a mini stadium 10,000-15,000 for youth and women team plus a mini Sporting arena for maybe Basketball and Boxing and then move old Trafford to a 90,000-100,000 all seater state of the art stadium. We might even see a Manchester United basketball team.

There is a possibility a new stadium could be built on purchased land. There was also talk about a smaller stadium for the women and youth teams if the decision to renovate the present ground came to fruition.

 

[stevoc]

If you don’t know if it’s true then why the feck did you mention it? It’s like me saying Memento28 apparently supports Liverpool (idk if it’s true).

To be fair I don't think any of the worlds governments have accused @Memento28 of being a Liverpool fan.

Hamad bin Jassim bin Jaber Al Thani has publicly stated that the Qatari government 'maybe' provided funding to terrorist groups while he was Prime Minister.

https://www.middleeasteye.net/news/qatar-maybe-supported-al-qaeda-syria-says-former-pm

Though the Prime Minister of a country being involved in sending financial aid to terrorist organisations should hardly come as a shock to anyone. Many countries do exactly that all the time if it aligns with their broader goals in various regions of the world. The United States funded Osama Bin Laden after all.

 

[Steve Bruce]

Don't forget Nunez... 4/7 goals scored by players our manager wanted but we couldn't afford. Although it makes you think what would have been if we spent the Antony money on Nunez.

Nunez blows hot and cold not overly worried about missing out on him. Spending 100m euros on Nunez or Anthony is a mistake.

Gakpo though looks like a player that would fit right in with ETH and he was cheap

 

[enghuei]

Nunez blows hot and cold not overly worried about missing out on him. Spending 100m euros on Nunez or Anthony is a mistake.

Gakpo though looks like a player that would fit right in with ETH and he was cheap

Gakpo operates on the left, which is occupied by Rashford and Garnacho, provided that we get a new CF in the summer.

He is never suitable for this team’s set up since the emergence of Garnacho.

 

[LawCharltonBest]

Talk of the Devils podcast spoke (very) briefly about the takeover. And they're still maintaining minority investment / refinancing is a possibility. But yet again, no explanation as to why and how this would work

It actually drives me mad. Why do they think this is possible? What would the positives be for them doing that?

 

[TrebleChamp99]

Talk of the Devils podcast spoke (very) briefly about the takeover. And they're still maintaining minority investment / refinancing is a possibility. But yet again, no explanation as to why and how this would work

It actually drives me mad. Why do they think this is possible? What would the positives be for them doing that?

Unfortunately the Athletic have not covered themselves in glory during this takeover.

Qataris and Glazers to release a joint statement saying Qatar is taking over they’d still be peddling the minority line.

They almost can’t accept it, used to like them as well. It seems they are going to be spouting all sorts of nonsense till it’s done and long after.

Personally I think they are a bit upset they don’t have the scoop.

 

[LawCharltonBest]

Unfortunately the Athletic have not covered themselves in glory during this takeover.

Qataris and Glazers to release a joint statement saying Qatar is taking over they’d still be peddling the minority line.

They almost can’t accept it, used to like them as well. It seems they are going to be spouting all sorts of nonsense till it’s done and long after.

Personally I think they are a bit upset they don’t have the scoop.

God knows

And it's not just a case of dismissing something I don't want to hear - if minority investment or refinancing is a genuine possibility, then fine. But nobody who says that ever clarifies themselves. Any minority investment would require the Glazers making a few hundred million / billion and then giving it to the club rather than keeping it, which is a non-starter. Or some billionaire giving them loads of money for free. So I need them to explain what they realistically see happening there since they seem to think it's so likely.

 

[BarstoolProphet]

It's not exactly secret. Mostly it's financial, allowing "charities" to operate and funnel funds to various groups. Wikipedia is Wikipedia, there are more out there, but this will do. https://en.wikipedia.org/wiki/Qatar_and_state-sponsored_terrorism

Most clear cut is groups like Al-Qaeda, Islamic State, al-Nusra. There's Hamas, which is maybe a little more controversial.

It ranges from outright support, to turning a blind eye, to lax enforcement.

It's a highly controversial topic, even for the region. It's also extremely hard to know what is true, considering the agendas of different GCC members in the region plus the US that usually act as the Western view. KSA have been against Qatar's sovereign status for decades and have been trying to justify an invasion and the "helping terrorist" card has been used frequently as a way to gauge international support for such an operation. Also both UAE and Qatar have been in a diplomatic feud for years where both sides accuse each other for everything under the sun. From a Western point of view, I think most of these terrorists concerns stems from how Islamic banks operate - concerns which may or may not be legitimate. What I find ironic is that the US have been making the claims despite acting like they are near allies (KSA in particular, but also Qatar who hosts the biggest US base in the region).

So in short, if Jassim is dragged into this, it probably will be because of his role in an Islamic bank, which itself doesn't have to mean he got ties with internationally-renowned terrorist groups. But Qatar's emergence as a big player both in the region and internationally has certainly caused both them to align more with international political views and the rest of the region to treat them differently than before.

 

[enghuei]

God knows

And it's not just a case of dismissing something I don't want to hear - if minority investment or refinancing is a genuine possibility, then fine. But nobody who says that ever clarifies themselves. Any minority investment would require the Glazers making a few hundred million / billion and then giving it to the club rather than keeping it, which is a non-starter. Or some billionaire giving them loads of money for free. So I need them to explain what they realistically see happening there since they seem to think it's so likely.

Could it be United issuing more shares for these investors to purchase, effectively diluting Glazers’ own shares as well as those floated in NY? This would work for United as the new fund would be used as United’s working capital and not towards Glazers’ pockets.

 

[Brophs]

Every time you pop back into this thread it seems to have gotten dumber.

 

[LawCharltonBest]

Every time you pop back into this thread it seems to have gotten dumber.

If you mean my minority question, it's a genuine question. And I really would like an answer to it so that I understand how it would work.

Could it be United issuing more shares for these investors to purchase, effectively diluting Glazers’ own shares as well as those floated in NY? This would work for United as the new fund would be used as United’s working capital and not towards Glazers’ pockets.

But the bottom line for the Glazer's is clearly making as much money as they can from the club. There's no emotional attachment. We all know this.

With that in mind, how do they end up making more money out of the club long-term by diluting their shares now to create a working capital for United, as opposed to simply selling up now for a cool £5-6bn?

Also keep in mind, United are competing against oil money and need serious investment to stay profitable over the coming years

 

[UnofficialDevil]

Gakpo operates on the left, which is occupied by Rashford and Garnacho, provided that we get a new CF in the summer.

He is never suitable for this team’s set up since the emergence of Garnacho.

I think Gapko can play in all positions up front, he would be playing instead of Woodhorse.