What if Jassim doesn't actually have backing from the Qatari state... and it just turns out he is the Qatari Michael Knighton 
Club Sale | It’s done!
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Then he definitely needs to do an act in front of the StrettyWhat if Jassim doesn't actually have backing from the Qatari state... and it just turns out he is the Qatari Michael Knighton
At each stage more sensitive financial data is given. The first phase was meant for clubs to place indicative bids ie to weed our the chancers from serious bidders. The data room provided bidders to place such bid. Now the real dance begin
That doesn't mean the club will be debt free. That suggests that the existing debt will remain.
I didn't dismiss it. I just said I don't think it's as important as people are leading on. I already explained my reasons why I believe this (i.e. the negativity toward INEOS with so little information about the details of their bid and the dismissal of the things they said they would do like invest in infrastructure and not place more debt on the club for starters)
How the funk is it similar to the Glazers man? The biggest company the Glazers owned was Manchester United, with a measly profit in it’s best years of 100m and revenues of 600-700m.
INEOS turns over 65bn, and has annual profits of 2bn.
United was liable to pay all debt under the Glazers, they had no other income streams do it. Under INEOS all debt with be moved to the much much bigger company and none on the football club.
It’s absolutely nothing like Glazer ownership. It’s ok to prefer Qatari oil money without having to post absolute nonsense regarding INEOS bid.
I doubt many, if any, businesses would let their financial books off the premises and especially not via electronic means
Phase 2 refers to more than just the meeting that have been happening these past 2 weeks. Anyone who has progressed past phase 1 and is invited to submit a more concrete bid is in phase 2.
No they are not. Multiple reports have said that prospective bidders have lamented the fact that the the info available in the data room during the initial stage of the sale process is “very limited”. Only those who get past phase 1 and proceed to phase 2 which only started in March are allowed access to more detailed financial info.
It's a company, not a CIA operation. There's decreasing returns in terms of impact to valuation x new information. The most relevant pieces of information are in the public financial statements. People invest billions of dollars everyday in listed companies without access to more than the public documents.
Not when we know a) INEOS has put £800m funding for the debt in place with GS and JPM; and b) there is a change of control clause which means the debt must be cleared within 10 days of a takeover.
No company like their sensitive financial details to be aired in public especially if the company in question is making a loss and is on sale
Maybe that's why he didn't show up. Wants a big crowd for his first appearance.
https://ir.manutd.com/~/media/Files/M/Manutd-IR/documents/Man Utd-20f-2022-09-24.pdf
I don’t think this can be emphasised enough.
Fully expect Utd to be sold to Jassim for around £5.8b in the next few weeks.
Yeah, so, it's your opinion.
And I have taken word from both the bidders, via their actual press release. So that is actually is coming from the horses mouth, and even if it is little to go by, that is what any of us can go off. And comparing the two statements, Jassim's is a lot more reassuring.
Nothing has been publically stated about the debt by INEOS
Who says there is a change of control clause?
It’s based on a twitter thread by @Messier1994. Maybe he can explain a little bit more here.
I imagine because Jim has been to OT quite a lot in his lifetime and probably didn't need the tour??? He did go on to Carrington as well. Wasn't like he went home. Hahaha
They never really confirmed that they wouldn't pull cash out one way or the other. Even if it's not against the club, they can have the club pay the loan amount effectively.
I think they will have huge amount of popular support if they clarified exactly what their plan is for existing / new debt.
So how do you know the Qataris have never been to OT?
Thread about how there is not a lot of additional value in the due diligence/non-public data for companies that are already listed on a stock exchange:
Closer than his / their last bid or simply close to 6b?
I don't. I made the point that Sheikh Jassim didn't show up and he didn't. Wonder if he has been to a game though?
It's strange that nothing was leaked from SJR camp yet
Ineos is rich enough
Yeah. It's bizarrely quiet.
Fair enough but if this is indeed the case why hasn't it been more widely reported?
Yeah, but they don't want to just burn money. They are a business.
I suspect that neither party want united because of financial purposes. Its more about greenwashing/sportswashing. Now its a matter if how money both parties are willing to spend on such practices
Yes it has been reported.
Change of control clause is in the loan arrangements with the Glazers. You can see them yourself on messier1994 Twitter feed (Swedish Rumble)
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