Well at least that definitively rules out Musk.
Club Sale | It’s done!
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Wait, are you suggesting Al-Thani doesn’t?
it’s not being fiddled you don’t understand. City didn’t have to cheat they sponsored themselves for way above the value they would have got at the time.
We don’t have to do this, very easy to understand. Nowhere is any fiddling going on .
The money will come from our new owners ie people who had passed from adequate due diligence. I doubt that some random guy will give Ineos/jassim some random money out of lulz.
We had been bled dry for decades. I look forward to a time when owners are actually useful for our cause rather then extortionatists
I would agree with you if it was for almost any other club. But in terms of world profile, there's so few clubs on our level and the other 3 that are, aren't ever going to be up for sale because of their fan ownership models, or league restrictions. For Qatar this is the single biggest sports acquisition that its possible to make, leagues beyond psg, and I really don't see them letting someone else beat them to it
So you DO think that 150 million for a season would be market value then?
I'm sure he's a real person. Who he's made out to be might not be true though.
Sorry who is doing this due diligence, the Glazers or someone on the Glazers behalf?
Because call me sceptical but I don't imagine the Glazers give a flying feck, where the money is coming from or what the plans or intentions behind any bid are as long as the money clears in their bank account.
Fa/uefa
Maybe I wouldn't know for sure but they've put a lot of effort into briefing the press that they won't be sucked into overpaying by huge amounts.
The Glazers passed that and they haven't been great tbh.
The Premier Leagues fit and proper persons test is a joke. See The Glazers, Abramovich, Shinawatra, that clown from Abu Dhabi that bought Portsmouth for proof. The FA don't get involved in this sort of stuff and I doubt UEFA give much of a feck either as long as their dual club ownership rules are satisfied.
Well they're hardly going to brief the press saying "we're a bunch of mugs and we'll pay any price" but I do expect them to beat any other offers. They're not going to pay something ludicrous like 9 or 10bn, but I do expect that they'll beat any reasonable offer other bidders would make
What do you mean?
Most owners are probably trying to run their clubs as a business to make profit. Not as a PR vehicles.
He's just a face for a Qatari state bid
Exactly, this is what concerns me. Even if everything they released about Jassim is true, I seriously doubt his rich daddy is just going to hand him 5-6b so he can have his fun. There's nothing random here, it's very likely state backed (with an agenda) or his father will see this as an investment.
Just a quick note on our lord and savior Sheikh Jass, his dad and the merry men of Qatar (probably advised by all the western investment bankers in the world). They did get absolutely fleeced on their Credit Suisse investment. They invested back in 2008 during the financial crisis, increased their investment to shore up CS after scandals in the past 12 months, and now their investment that was worth a few billion just a few months ago, will be worth just a couple hundred million in UBS shares.
So yeah, savvy bankers.
So yeah, savvy bankers.
Well no but that wasn't really my point, I don't think they'll want to get anywhere near the Glazers £6b asking price. But then to be fair I don't think either party will go that high.
Interesting.
Out of curiosity, how well/bad are their other investment portfolio's performing?
Hard to tell at a glance. Their other public holdings are Volkswagen, Glencore, Iberdrola, LSE, Porsche. Very Europe heavy interestingly, no big US holdings.
Ah, okay. However, I'm going to guess, with any investment portfolio, there are going to be some that do well, and others not so.
He may well be a front for the Emir, but its a bit too much of a conspiracy theory to suggest he doesn't actually exist imo
He definitely exists but I think most people suspect he's probably not a die hard life long United fan and is just the face of this bid.
Its nothing to do with the monetary value, i'm just trying to point out having Middle East owners does not equate to cheating, City did not have to cheat they chose to circumvent the system.
There is a world where we are owned and left to operate completely above board as per the rules and we could still have the sums needed to be at the very top of football, there is no shortcut needed to jump from mid/bottom table team to top 4 to get the revenue streams to allow you to compete at the top level legitimately.
lots of people on this thread instantly just jump to cheating if we had Qatar in charge, while purposely ignoring this is a totally different situation to the models of City.
You could argue all day about the political/human rights of Qatar that's valid grounds, but thinking we are just gonna cheat and spend 600 million a year on transfers is a playground argument.
Pretty sure circumventing the rules is the same as cheating.
Which is what i said, jesus
They didnt have to, they chose to
Fair enough mate I misinterpreted your post.
The poster I originally quoted said:
And then when asked if they were OK with cheating FFP said:
My comments about not being ok with financial cheating come from that specific instance so I don't know what you're disagreeing with me about? The poster literally said they were OK with cheating FFP.
I assumed they were being sarcastic.
Just the first post I saw as let’s be honest trying to keep up worth anything in this thread is impossible.
We had someone’s whose name I presume means exactly what it says Wind up merchant winding up half of there forum and they were suprised.
Have I been had?! That's rather embarrassing if so...
I'm starting to think I may have fallen for it. Oops!
That post focused on shirt sponsors and money coming from shady people. My point was that if someone is going to throw hundreds of millions to the club through shirt ownership purely out of the kindness of his heart then most probably that guy in question will be the owner himself. I doubt that if SJR buys United then Jassim will just give him hundreds of millions per year out of for Lulz (or viceversa).
Regarding state ownership, my argument is simple. The governmental bodies had all the time in the world to stop these bids just as they stopped Sky from buying us out. Instead they closed their eyes to it while we ended up with the Glazers who bled the club dry. Thus unless these governmental bodies issue a rule were oligarchs and state owners are forced to sell their clubs thus creating a level playing field for all then I don't care who own us. I also believe that United is not in a position to truly compete with the big guns unless we have an ultra rich owner ready to put his hands in his pockets and spend some serious money. We're losing money, the infrastructure is a mess and we're competing against states.
Regarding the bid this is what we know
A- United's sale came as a surprise. In fact SJR had gone in the media in summer publicly saying that he spoke to the Glazers and they had told him, quite clearly, that United are not for sale.
B- The Glazers probably need to sell quickly. The siblings wants out, interest rates are at the roof and United are losing money
C- Manchester United is one of the biggest 4 clubs in the world (United, Bayern, Real and Barcelona) and that the other three will probably never be for sale.
D- UEFA have strict rules about multi ownership clubs.
E- No one seem to like or trust the Glazers. Hence why the lack of interest for minority stakes by anyone whose not a giant and hungry vulture.
Thus there's a priceless asset who had came out on the market out of the blues, its owners need to sell ASAP, no one wants to keep them there and most of the big guns (ie Saudi, Qatar, Abu Dhabi etc) have their hands tied, at least, to a certain extent.
Now I am not ITK. So this is all speculation from my part in which I admit might be completely wrong. But hear me out for a second.
I believe that if QSI was buying the club then news would have come out by now. On the other hand unless Jassim is lying to his teeth (which I doubt) then he'll need around 9B to seal this one out (6b on United, 2.5B on infrastructure and 500m on transfers). That's a hell of a lot of money there to achieve that debt free. While I am aware that Forbes is a poor indicator of how to measure these people's true wealth, I also believe that Jassim and daddy don't have 9b hidden inside a sofa either. So what I think is going to happen is for Jassim to buy the club on his own only to sell a minority stake to Qatar (let's say 47%) for let's say 4B. For first glance that might look as if the fund will be fleeced however
a- the fund is worth 445b. Therefore 4b is pocket money for them
b- Qatar would have a huge say how the club is run and might add loads of clauses on the club's management. For example they insert a first refusal clause in the deal (ie if Jassim is to sell the club then he'd have to offer it to the emir first) or even a minimum clause in it (ex if the Emir offer Jassim another 7b then the club will be theirs)
What's in it for the emir?
a- he'll park the biggest asset in football.
b- he'll have a huge say on how its being run
What's in it for Jassim?
a- He'll be doing the emir a favour by parking the club for him thus his family will return into the new emir good graces
b- he'd probably have unrestricted access to the Qatari money tab (ie loans, sponsors etc)
c- when it will be time to walk he'll sell the club for a hefty profit.
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They're worried...
Nothing he says ever makes sense. Best ignored. He desperately sucks off Liverpool at every opportunity.
Basically, if Jassim takes over United, we will spend big and Lfc will be left behind.
I’m not convinced that’s what he’s saying ”we will be waiting sounds like a battle cry”.
I read it as "we'll be waiting" as in waiting for transfers.
But yeah, it can mean what you say.
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