Are they working for the Qataris? If not that's kind of the point.In that case, let me introduce you to JP Morgan, their buddies at Apollo Global Management, and these 20% PIK notes that are just the right thing for you and your beloved football club
Club Sale | It’s done!
- Thread starter JB08
- Start date
- Status
Businesses with high capital intensity and multi-step supply chains, such as petrochemicals, are full of JVs. Sometimes one party doesn't have/want to put up all the capital for a project they want to see done nonetheless, due to it maybe integrating strategically well with their existing assets.
Nah, just a joke on how the club acquisition by the Glazers was originally funded.
I know, but it still hurts. Bastards.
I never said Twitter/the Caf should only be blamed when things are bad so not quite sure where you are getting that from. I specifically said the match-going fans are responsible for the atmosphere (good and bad). I just pointed out that when things are bad the vitriol extends beyond the ground. Honestly, this has nothing to do with who is responsible for the atmosphere on the ground, which everyone watches on TV, is clearly match-going fans.
It's a fairly reasonable inference to make that match-going fans spend more on average and demand has nothing to do with it. In terms of reasonable inferences, what percentage of non-matching going fans are paying for both of those subscription services? What do matching-going fans spend while at the ground? I could go on but you get my point.
Back off Barbara, I wasn’t talking about you. This isn’t about supporting your local club, but about the dynamics within the fan base, for any given club.
It seems to me there is a schism between ‘match going fans’ and ‘online fans’. There’s probably a difference between season ticket holders and those who only get there occasionally. Then there are the tourists for whom attending a match is a major life event and for which they may have saved for years. But at the end of the day we all want success for this club, can’t we all just be friends?
I wish people would just own it. More respectable than throwing up smoke and mirrors to give the impression INEOS are bunch of clowns
Hopefully its done and sealed before the next window opens.
Crikey the response to the saudi guy , really. Im from Northern Ireland and if a billionaire from there (we don't have any) was in poll for winning bid i would probably as a result feel a bit closer to United as supporter. Exactly what is wrong with that ?.
As for another comment "I can imagine Matt Busby for example turning in his grave at the thought of a state (let alone Qatar) owning Manchester United." well im surely Dear Matt has had a few turns before now at the "state" of the club finances ,the stadium and all round mismanagement for profit of our current group. To all we are not in a position to choose as mostly anyone below billionaire status would run a mile seeing the books. Can we all just calm down until we know the result.
As for another comment "I can imagine Matt Busby for example turning in his grave at the thought of a state (let alone Qatar) owning Manchester United." well im surely Dear Matt has had a few turns before now at the "state" of the club finances ,the stadium and all round mismanagement for profit of our current group. To all we are not in a position to choose as mostly anyone below billionaire status would run a mile seeing the books. Can we all just calm down until we know the result.
I get that match going fans are a huge part of the club, this is for every club. I would say alot of the PL clubs have atmosphere created by match going fans, those clubs are not as big as United. Why? They still have atmosphere, they still have match going fans.
Also, a few people dont even see eye to eye with match going fans who are not from Manchester, take Wum for example, saying they have to be local. Season ticket holders who travel hours for each game spend even more to get to a game.
When Manutd go abroad on pre season, why do we always have the sell out crowds? Is it those local fans going in their 50,000's numbers to watch pre season? No, its the fans in those countries who fill out a pre season game, speak to any player who has every played for Manutd, they will tell you they dont realise how big the club is until they go on pre season.
Andy Currie and John Reece. They are expected to be part of Ineos contingency visiting OT. The positive thing is that the team lead by SJR look stronger then the Qatari one. All owners of I eps are being involved while Jassim had limited himself to send bankers. The downside to that is that Currie and Reece might not be as eager to buy United as Ratcliffe is.
Ok. Thanks. Didn't know that. Petrochemical ain't my area of expertise. Closest thing I have got is the GF. She builds oil rigs, plants incl the two nordstream plants from the russian end.
Wow that's cool
Andy Currie and John Reece I believe own about 19% each. That would leave the remaining 62% with Sir Jim.
It’s worth noting that Reece is estimated to be worth $5.7bn and Currie is worth $6.1bn on top of Sir Jim’s worth and the value of INEOS. We need have no worries about finding with the INEOS bid.
It's strange to bring in the big guns in phase 2 though. It's the due diligence visit requesting specific details like financial number, plans for the future, legal & financial obligations etc to crunch/analyse and then propose a firm offer to the glazers in a week or so.
The big guns aren't going to be doing all that heavy lifting. I suspect not all are buying into Jim's legacy project
feck the Goldman Sachs delegation arriving tomorrow, get the deal signed today so Joel can clear out his office before the weekend
When I say atmosphere I mean on the ground because it's the most salient and directly contributes to the spectacle everyone spends their time and money watching. The atmosphere on social media pales in comparison.
I'm talking specifically about a match-going fan (even though would assume the majority of match-going fans are from the greater Manchester area). The distinction between local and matching-going isn't that important.
Preseason tours are a one-off and the fans comprise a relatively small percentage of the overall fan base. Remember I'm saying on average the match-going fan spends more than the non-match-going fan.
She got pulled out of China in June for the Putin's artic gas project -- $40+billion project. Her company was complying with the EU embargo. Was supposed to have been there for 3-4years but had to leave after a year.
Sounds like a new product?
“New from INEOS - Reactionary Briefs, for all your underwear comfort needs!”
Come on Qatar. Finish this deal today.
Well SJR is dragging INEOS into it so it makes sense that the other major shareholders are involved. If I own 15%-19% of a company then i would want to be involved in a 5B buy especially if such acquisition stinks of a vanity project. Having said that it kind of show that SJR cannot act on his own. His business partners will always have a say
There's a bit of double counting there. They all derive their net worth from their respective stakes in INEOS.
To early lads. Trust the process
Still its quite amazing. I am fascinated by women who makes it to the very top. They have it far tougher then we do. Respect towards your GF and yourself for supporting her
Whoever handles PR for Ineos needs to be replaced. Ratcliffe started this process as the clubhouse leader and every word he has leaked since the club went up for sale has made his bid more unappealing
I think because Al thani has said specifically his bid will leave the club debt free and will invest in infrastructure and so far Jim hasn't. Even as a United fan, the club clearly isn't worth 6bn, that's mental, so anyone spending that, then the extra 700m to clear the debt and 1bn for the stadium, is going to need a hell of a reason. We know Qatar care more about advancing their image in the west and aren't so concerned about a return on investment, Jim might be a United fan but he's a businessman, and I think people are rightly concerned about how he's going to see a return on 6bn plus clearing the debt plus infrastructure and it would require taking a lot of the profits out of the club, whereas with Qatar we know that a return on investment isn't their primary concern
There’s a fan who has an apartment on the centre circle of OT. He’s been invited as a VIP to meet the Sheikhy boys. His views have been regarded as priority on the agenda. He was born in the South stand toilets when they were piss free. He went to school in the physio room. Got a degree in the old tunnel.
But shouldn't you be doing the buy-in part much earlier? The Qataris maybe be pushing the agenda and want to close it faster. I bet ratcliffe's team will be late on the 1st firm bid/offer like they were with Chelsea.
Brother, I don't know if you're genuinely not reading what I'm saying to you - there are a lot of people that are at OT every weekend who aren't "locals". I know because I know them. There's no need of hypotheticals or to argue "likely" positions when the reality is that a lot of the faces at OT - religiously - every weekend are not Mancunians.
Your whole "more important fans" thing hinges on "the closer you are to the club the more likely you are to go - therefore local fans are more important". It's an example of the "observation: clouds - conclusion: dinosaurs" fallacy.
Again, why is there a need for a hierarchal system of importance when it comes to supporting a football club?
And I can see that it's now being reframed as "worth/value" from a monetary club perspective - which again, is shortsighted seeing as plenty of non-local fans pump thousands of pounds/dollars into United - even without attending games - and that's without mentioning that Wumminator's whole local fans superiority babble was being presented as emotive and romantic
that's the thing about waffle - it always has to shift to seem like it's valid
ffsShe's in Jakarta now on a project for BP.
What's funny is she can build structures that can withstand intense pressures a few kilometres deep in the sea. But I have a suspicion that she doesn't know how to change the light bulbs in her service apartment!
Quick, patent this. You could then make enough and buy the club!
It's an incredibly vast amount of money and will be very complex as that amount of cash isn't readily available... It will take multiple lawyers, bankers etc to iron it all out and ensure the transaction goes from one to the other smoothly.
I couldn't even tell you a bank that will do such a transaction.
Max protected in a standard account for us plebs is only 85k I believe so imagine the fees, insurance etc in this.. many hands wanting to play in the pie.
Raine Group will want to start the process of selling the WWE by start of April.
The end is nigh.
The end is nigh.
I would but I think INEOS would want a royalty for using the brand, then I would be accused of finding the INEOS bid and be public enemy No.1 on the Caf
- Status