Club Sale | It’s done!

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Where's the originatory source? Twitter's designed in such a way -between Chinese whispers and a mimetic cesspit - that any old nonsense can gain 2 hours of traction and ill-deserved clicks for a bunch of spoofer accounts. They're not going to have resolved a deal (before they meet the respective lawyers, a meeting that's been heavily reported) and they're not going to withdraw at this stage before they're fully satisfied that their 'real' base amount (a pretty specious notion anyway, considering anything over their initial investment should be a bonus for them), probably in practice 4b or something as advised by Raine as the informal floor, isn't going to be met, which we know is unlikely to happen given the sort of figures already quoted...
 
MTF said:
If you read the piece from The Athletic (I understand that it does have a paywall so many can't) it is a good explainer of what's to come in the process. There's no scoop but there is analysis from a couple of experts. The experts aren't making a determination of what will happen, but they are providing insight. Which is more than can be said for a lot of the other stories in the past week, which has been notably light on actual news.
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I don't know mate this week we've found out Sheikh Jassim watches United matches and he wears a United shirt for 5-a-sides.
 
If there’s a statement it’ll probably just be confirming the next round of the process.
 
Compton22 said:
Rumour going round that the Glazers are set to make a statement shortly.
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Some twitter account with zero substance / proof and reliability.

Let's wait until someone proper reports it. Personally I find it difficult to believe they will say anything.
 
Compton22 said:
My workplace has a couple of Utd fans in who know people who work for the PA and they seem to think that a statement on the progress of the process could happen very soon.
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What is PA and how come no journalist had picked upon this one?
 
I know the 'my mates were talking' is almost certsing Grade A bullshit. But I still clicked on #qatarin when I saw it trending on twitter just incase
 
I apologise if my work colleagues have been sold up the garden path, I just thought I'd share it on here because they weren't outright saying a deal was agreed or anything like that, just an update on the process most likely
 
Plant0x84 said:
What is wonderland about somebody who is personally worth £16b and whose company is worth £65b can probably afford to finance a 1b renovation of OT and the club can take the hit of reduced revenue for a bit - to then have increased revenue making up for the loss after the new stand is finished?
Your original point was nonsensical and biased beyond belief.
I’d also have to assume (forgive me that) that Raine will filter out those who don’t have the access to required liquidity to make the sale a success.
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It’s reported he’s not even willing to clear the existing debt the club has which is significantly less than 1b for a renovation. Good luck trying to get a renovation at that cost while still trying to service the existing debt as well as the debt taken out by the company to buy the club.
 
stevoc said:
I don't know mate this week we've found out Sheikh Jassim watches United matches and he wears a United shirt for 5-a-sides.
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Vital bits of info
Chief123 said:
It’s reported he’s not even willing to clear the existing debt the club has which is significantly less than 1b for a renovation. Good luck trying to get a renovation at that cost while still trying to service the existing debt as well as the debt taken out by the company to buy the club.
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Catch up lad, the Athletic has already said earlier today that his bid includes the debt, just like Jassims.
 
Chief123 said:
It’s reported he’s not even willing to clear the existing debt the club has which is significantly less than 1b for a renovation. Good luck trying to get a renovation at that cost while still trying to service the existing debt as well as the debt taken out by the company to buy the club.
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Reported by who?

I seriously doubt Jim is that silly to think new owner but same debt would wash with Utd fans.
 
stevoc said:
I mean Qatar have owned PSG for 12 years and that isn't the case, money in itself doesn't guarantee anything.
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It looks like money itself has actually guaranteed success for PSG so that’s a bad example.

After having 18 years without winning the league, since they were acquired by the wealth of Qatar they’ve won 8 out of 10 league titles and well on their way to win their 9th in 11 this season.

Yes they’ve not won the UCL, but they’ve come closer than they ever have before under Qatar ownership.

As erratic as their ownership might appear, it’s certainly brought them success with money.
 
Nou_Camp99 said:
Reported by who?

I seriously doubt Jim is that silly to think new owner but same debt would wash with Utd fans.
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I think its been widely reported that INEOS wont clear the debt and will only buy out the glazers . They will raise debt for it but it will stay on their books and wont be transfered to us
 
Ghostrider318 said:
I think its been widely reported that INEOS wont clear the debt and will only buy out the glazers . They will raise debt for it but it will stay on their books and wont be transfered to us
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Except the Athletic are today saying the opposite.

This is all completely pointless because as always we have about 1% of the facts.
 
MTF said:
If you read the piece from The Athletic (I understand that it does have a paywall so many can't) it is a good explainer of what's to come in the process. There's no scoop but there is analysis from a couple of experts. The experts aren't making a determination of what will happen, but they are providing insight. Which is more than can be said for a lot of the other stories in the past week, which has been notably light on actual news.
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Agreed. It was an interesting piece.
 
MTF said:
If you read the piece from The Athletic (I understand that it does have a paywall so many can't) it is a good explainer of what's to come in the process. There's no scoop but there is analysis from a couple of experts. The experts aren't making a determination of what will happen, but they are providing insight. Which is more than can be said for a lot of the other stories in the past week, which has been notably light on actual news.
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But the stories that have taken hold are stories of what’s about to happen or what will happen. Not someone who isn’t close to the process being interviewed by a publication that is determined to tell us a full sale probably won’t happen or is the least likely option.
it looks like Laurie etc have gone out to find someone who vaguely agrees with them.
 
Nou_Camp99 said:
Except the Athletic are today saying the opposite.

This is all completely pointless because as always we have about 1% of the facts.
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The athletic are pro Ratcliffe just as Keegan is pro Qatari. You take their information with a pinch of salt.
 
devilish said:
The athletic are pro Ratcliffe just as Keegan is pro Qatari. You take their information with a pinch of salt.
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That works both ways surely? You're only willing to believe something that you want to happen. Hahaha.

For what it's worth I do think Qatar will win the process anyway. I just don't think we know the full facts on either bid.
 
devilish said:
The athletic are pro Ratcliffe just as Keegan is pro Qatari. You take their information with a pinch of salt.
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They literally wrote an article criticizing Ratcliffe's ownership of Nice weeks ago. Laurie has talked about the negatives of a Ratcliffe takeover on the podcasts. They're just not pushing the pro Qatar narrative you lot want to hear.
 
Plant0x84 said:
I agree, but you can scream it till we are red in the face (never blue!) and it just won’t go in because they don’t want to listen.
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Oh absolutely. People only want to believe what backs up their agenda or desires.

Truth is nobody has a real clue of the specific details but the bidders and the Glazers.
 
Nou_Camp99 said:
That works both ways surely? You're only willing to believe something that you want to happen. pHahaha.

For what it's worth I do think Qatar will win the process anyway. I just don't think we know the full facts on either bid.
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What I am saying is that sports journalists have their favourites, probably because they (either Qatar or SJR camp) is feeding them with info. Its pretty evident by their bias. Now, INEOS can come up with all the creative BS they want but if they are buying United on debt then United will be in debt. They will probably shift it from the subsidary (ie United) to the parent company (INEOS) but every man and his dog would know that its our debt. Let's face it no one would involve the likes of JP Morgan and Goldman Sachs for tea and biscuits
 
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Tom Van Persie said:
They literally wrote an article criticizing Ratcliffe's ownership of Nice weeks ago. Laurie has talked about the negatives of a Ratcliffe takeover on the podcasts. They're just not pushing the pro Qatar narrative you lot want to hear.
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Well Ratcliffe's ownership of Nice and Lausanne was a train wreck. Some of the mistakes INEOS did there could even make the Glazers blush. So I can't see how anyone can defend that mess without looking silly (some did tried though like the guy who suggested that we should focus on Nice form in the past 10 games and forget the rest). Regarding the rest though I heard Laurie on the overlap and he did sound very pro Ratcliffe.
 
devilish said:
What I am saying is that sports journalists have their favourites, probably because they (either Qatar or SJR camp) is feeding them with info. Its pretty evident by their bias. Now, INEOS can come up with all the creative BS they want but if they are buying United on debt then United will be in debt. They will be shifting it from the subsidary (ie United) to the parent company (INEOS. Let's face it no one would involve the likes of JP Morgan and Goldman Sachs for tea and biscuits
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That's all up for discussion and not proven. You're going off rumours.

And on the flip side people could argue that the money from Qatar isn't coming from who they say it is. After all Sheikh Jassim personally is worth 1.5bn. A good 14bn less than Ratcliffe. Although of course he's just the front man for a shady outfit. There's vast amounts of money he is clearly going to get his hands on. So why all the lies?
 
Nou_Camp99 said:
That's all up for discussion and not proven. You're going off rumours.

And on the flip side people could argue that the money from Qatar isn't coming from who they say it is. After all Sheikh Jassim personally is worth 1.5bn. A good 14bn less than Ratcliffe. Although of course he's just the front man for a shady outfit. There's vast amounts of money he is clearly going to get his hands on. So why all the lies?
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Oh its evident that we're being bought by Qatar rather then Sheikh Jassim. Sure its just 'rumours' but its pretty evident what's going on. Its also pretty clear that Ratcliffe understand football as much as Ole and Avram do
 
Tom Van Persie said:
They literally wrote an article criticizing Ratcliffe's ownership of Nice weeks ago. Laurie has talked about the negatives of a Ratcliffe takeover on the podcasts. They're just not pushing the pro Qatar narrative you lot want to hear.
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They also wrote a story today telling of Ratcliffe's background, a bit about how he started INEOS and what some of the business moves were to make it a relevant petrochemical company (leveraged buyouts of business units that BP wanted to sell). It was interesting and the best account I'd read so far of his business history. Wikipedia is good with the facts but not so good at explaining what their logic was.

I don't think it will endear him to most fans because it's just the story of how a man got rich, doesn't paint him as a saint or anything. But it's a well-researched story and one aspect of what good journalism is (giving background and context).
 
devilish said:
Oh its evident that we're being bought by Qatar rather then Sheikh Jassim. Sure its just 'rumours' but its pretty evident what's going on just as its pretty evident that Ratcliffe understand football as Ole did.
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So we would be starting a relationship under false pretences. Now can you see why there is scepticism of Qatar too?

Why do you think these Qataris understand football better though? Also the guy they put in charge at PSG is currently being investigated for kidnapping and torture.

As I said I do think Qatar will ultimately win but you're only allowing yourself to believe anything that supports their takeover.
 
Nou_Camp99 said:
So we would be starting a relationship under false pretences. Now can you see why there is scepticism of Qatar too?

Why do you think these Qataris understand football better though? Also the guy they put in charge at PSG is currently being investigated for kidnapping and torture.

As I said I do think Qatar will ultimately win but you're only allowing yourself to believe anything that supports their takeover.
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Qatar had to find a clever way to get what they wanted and they'll probably did it through Jassim. Its not that different to Red bull or INEOs owning multiple clubs. Regarding consequences well total UK imports from Qatar amounted to £8.1 billion. It invest heavily in the UK which include the Shard, Harrods, which Qatar bought in 2010, a 20% stake in London Heathrow, and 25% ownership of British Airways's parent company IAG.They are also major suppliers of gas. In few words Qatar hold the UK by the balls. If you wish to learn more then I suggest you read this article. So I am not too worried about repercussions.

https://www.theguardian.com/business/ng-interactive/2022/nov/05/how-qatar-bought-up-britain

Regarding club management well they had been maeh. However they did invested alot of money into PSG and they currently dominate the French league. The only thing INEOS won was 1 promotion with Lausanne. The Swiss club got relegated twice under their watch. Finally their staff include racist Moody and someone accused of doping.

I am not defending anything. I am just stating what seems pretty obvious to me, some of which is anti Qatari bid. For example Sheikh Jassim is a front man and Keegan seems quite biased towards the Qatari bid. Now if you're only seeing the anti Ratcliffe stuff then that's your own problem.
 
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Nou_Camp99 said:
Except the Athletic are today saying the opposite.

This is all completely pointless because as always we have about 1% of the facts.
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As I understood from the posters here, nothing in the article indicate that the debt will be paid. It only says evaluation of the club, with the debt included, because it must be done in this way. It does not mean they will pay off the debt.
 
There's a guy in twitter posting that statement rumour as well but he's a known bullshitter.

Maybe he robbed it from here
 
Adnan said:
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Can’t Ratcliffe essentially buy the 69% then issue loads more of the Class B shares to himself thus diluting the value or the existing Class B shares before buying them back?
 
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