Club Sale | It’s done!

[Rado_N]

It could also be him lulling other bidders into a false sense of security ’poor little Jim, can’t pony up enough dough!’ only to slap 6b large on the table, drop the mic and walk away with the keys to OT!

I’ve got a really nice bridge for sale if you’re interested?

 

[Teja]

He’s already said INEOS will pay off the glazer debt and there will be ‘no new debt’ on the club. What more do you need to know?

This is pretty iffy -- what I'd like to know is how much of the club's revenue will be dedicated to things like dividends, paying off debts (regardless of who incurs it: INEOS or the club). I trust the accountants are smart enough to figure out a way to get a subsidiary to pay a parent company's debts so I don't trust the INEOS will take on debt statement at all.

If it's zero - I'm all for the Ratcliffe bid. I think he's still hiding behind "no new debt", "INEOS will be taking debt" etc without specifically saying how much money he plans to pull out of the club. What I really want is a concrete statement like all of the club's revenues will be spent on improving the club instead of servicing debts or paying dividends.

 

[Tiber]

The hedge funds learned from the rickets and Chelsea. There will be no fan protests this time, the vile hedge funds and consortiums will remain silent unless a deal is signed. If they do get a deal they will probably bring Ratcliffe in to front it.

 

[Loon]

Interesting!

How many rounds of bidding are there? Do we get another round after the deadline for second offers on wednesday?

I'm beginning to think the Glazers will have as many rounds as required. It's all about a bidding war.

 

[Plant0x84]

This is pretty iffy -- what I'd like to know is how much of the club's revenue will be dedicated to things like dividends, paying off debts (regardless of who incurs it: INEOS or the club).

If it's zero - I'm all for the Ratcliffe bid. I think he's still hiding behind "no new debt", "INEOS will be taking debt" etc without specifically saying how much money he plans to pull out of the club.

Read the telegraph piece. He has said he doesn’t see United as a financial asset - he doesn’t want dividends. He will take nothing out!

 

[FlawlessThaw]

Ah for fecks sake, was hoping we would have a clear vision by the time the international break was over.

 

[Roboc7]

I don’t know what’s less believable, the idea that there are 5-8 bidders or that the Glazers will raise capital and pay off debt.

 

[Loon]

8 bidders?! So that’s Sir Jim and Sheikh Jassim, then presumably Hugh, Pugh, Barney McGrew, Cuthbert, Dibble and Grub!

 

[LawCharltonBest]

Wait what does that mean? That the Glazers would raise capital and instead of keeping it to themselves like fat greedy cnuts, they’d invest it into the team and pay off the debt with it?

 

[SAFMUTD]

I really want to know who these other bidders are.

I doubt their full sale proposals otherwise we'd know by now.

As I see it it's between Qatar and Radcliffe.

 

[Loon]

David Beckham, REVEAL yourself!

 

[Plant0x84]

I’ve got a really nice bridge for sale if you’re interested?

I would be, but I invested all my disposable in snake oil last week and I’m yet to see a return….

 

[RedDevil@84]

David Beckham, REVEAL yourself!

For the right price

 

[Rado_N]

I would be, but I invested all my disposable in snake oil last week and I’m yet to see a return….

Maybe stop buying everything Jim sells you then mate

 

[Plant0x84]

I doubt their full sale proposals otherwise we'd know by now.

As I see it it's between Qatar and Radcliffe.

BBC radio DJ Mark Radcliffe is bidding?
What about Ratcliffe? He’s bidding too!

 

[Plant0x84]

Maybe stop buying everything Jim sells you then mate

I guess the laughing emoji was lost on you? Nevermind. Thanks for the advice.

 

[Plant0x84]

I don’t know what’s less believable, the idea that there are 5-8 bidders or that the Glazers will raise capital and pay off debt.

Raise capital = believable.
Pay off debt = yeah right.

 

[Ahriman]

Whoever does PR for Ineos is pretty medicore at their job. At the start of this process half the fan base was begging him to make a bid, every word they have leaked since has made them look like the second best bid

Was probably Dave Brailsford "Listen boys this is how you do PR"

 

[Sparky Rhiwabon]

Here we go?

 

[sglowrider]

Did this nugget of info come out after Ratcliffe's telegraph interview? Timing would be uncanny.

 

[RedDevilUnited369]

I find it odd that there are apparently other interested parties other than Qataris, SJR and Elliot group.

All three have been documented visiting OT but yet we’re to believe other potential buyers are slipping in and out without being seen?

It would seem to me that it’s now just between Qataris and SJR, whoever offers the best package.

This leads to another question about how much 100% ownership really is? Is it just the 100% Glazer shares for sale? What if other shareholders don’t want to sell?

Aha!

 

[Loon]

I wonder if any of the three other 2nd stages is an individual with the money?

 

[DownRiver]

Here we go?

I actually despise this journalist all the way back from his ESPN transfer nonsense. How is he in his position? I can’t even remember a time he broke a story!

How does he go from making the point that Raine can’t sell a 100%, and then go on to say INEOS wants buy 100%. I know he means eventually, but he is just word smithing.

How is debt not an issue? Like who would say such a thing if INEOS are going to keep the existing debt?

Journalists that have agendas are the worst.

 

[Spoony]

I call bullshit. We've got two bidders and that's it.

 

[Mickeza]

Fascinated to know who these other bidders are.

 

[DanH]

Aha!

It wouldn't matter - the shareholder class they are talking about has bugger all voting rights. It's like me saying I'm an owner as I have a few shares.

 

[Giggsyking]

Here we go?

Disabled replies

 

[RedDevilUnited369]

Fascinated to know who these other bidders are.

I think it’s posturing. There is no other bidders!

 

[Loon]

I can imagine the scenes here if Musk revealed himself….

 

[MF1138]

Here we go?

If the bid is really from Qatar and Jassim is just a front as he claims (And anyone with half a brain knows) then his argument about Ineos having more Football expertise doesn't make sense. That is to say he doesn't make sense, but that's hardly new for him.

 

[Mickeza]

I think it’s posturing. There is no other bidders!

I don’t see why a group like Boehly’s wouldn’t want United. There’ll definitely be American interest in my opinion.

 

[red thru&thru]

With all these different different stories coming out, it seems as though the end game is nearly here.

 

[UnitedSofa]

 

[Tiber]

Nice of Jim to leak that there is no favourite, he is a really objective source

 

[Partridge]

I just want this over now. The other bidders are the pope, and a Donald trump backed consortium.

 

[Plant0x84]

I actually despise this journalist all the way back from his ESPN transfer nonsense. How is he in his position? I can’t even remember a time he broke a story!

How does he go from making the point that Raine can’t sell a 100%, and then go on to say INEOS wants buy 100%. I know he means eventually, but he is just word smithing.

How is debt not an issue? Like who would say such a thing if INEOS are going to keep the existing debt?

Journalists that have agendas are the worst.

There is a difference between buying 100% of the club, and having 100% control. It’s a clumsily worded attempt at saying both bids are for the same portion of the club - ie the 69% owner by the Glazers.

Also, it’s been done to death but INEOS are NOT going to keep the existing debt. It‘s not contractually possible.

 

[MF1138]

I just want this over now. The other bidders are the pope, and a Donald trump backed consortium.

The pope is just a front for Heaven.

 

[VP89]

Not really. Ratcliff's PR approach has always been directly from him which made some here to question his real motive. Plus the timing of this Telegraph interview is odd.

Is he? Ah, okay.

You're both being a bit ignorant if you think Sheikh Jassim isn't massaging the press on his side. It's equally direct by both.

 

[LordSpud]

 

[George The Best]

Can’t believe some of these stories. Raine said they wanted firm bids by Wednesday after the OT visits and access to detailed financial information. Now we are being told that maybe 5 new bidders will be invited to OT next week. As I understood it, sometime after Wednesday, Raine will declare the preferred bidder. There will then be a period of negotiation with that bidder to refine the clauses of the deal and try to improve the price.