Club Sale | It’s done!

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TrebleChamp99 said:
Getting closer , some people will have sadly have to find a new club according to posts in this thread.
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I think it's worth noting that it's only pro Qatar people who talk so lightly about finding new clubs and quitting support.

Personally I don't know how that would even work. Is that something you're able to do, could you start supporting City or Newcastle or PSG tomorrow?
 
It would appear Ratcliffe has set himself up as a White Knight and a man of the people with United and community in his heart, but the business reality seemingly is he'll just saddle the club with more debt if reports are to be believed.
 
Loon said:
That he hasn't repeatedly said he will clear the debt is fishy and a major error as part of a charm offensive.

I just want the debt cleared and United to become self-sufficient, but I don't think Qatar will stop now until they have the club.
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Qatar wouldn't have made their bid public unless they were confident they had no real competition. Otherwise, they'd look like fools.
 
Anyone else chuckle to themselves when they see people on social media who genuinely think this isnt a state driven bid by Qatar? Like they buy this line of bullshit about a wealthy Man United supporter?
 
Loon said:
It would appear Ratcliffe has set himself up as a White Knight and a man of the people with United and community in his heart, but the business reality seemingly is he'll just saddle the club with more debt if reports are to be believed.
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Nar, he’d saddle INEOS with more debt, not the club. Not sure how often this needs to be repeated?

But that aside, he was pretty much always going to be fighting a losing battle vs. Qatar and it was our fans that put him on a pedestal over a year ago as our potential saviour rather than the man himself.
 
Can we casually send 150 pounds bid just to increase the number of participants?
 
Glazers just want the money, do they care whether who is financing the purchase? These discussion on loan and if Qataris needs loan or not is just useless information. Glazers will sell to the highest bidder, end of story. They don't care about anything once the money is in the bank.
 
FujiVice said:
Anyone else chuckle to themselves when they see people on social media who genuinely think this isnt a state driven bid by Qatar? Like they buy this line of bullshit about a wealthy Man United supporter?
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It’s the card we are all willing to play, including me. It’s the way football fandom works.
 
Regulus Arcturus Black said:
Nar, he’d saddle INEOS with more debt, not the club. Not sure how often this needs to be repeated?

But that aside, he was pretty much always going to be fighting a losing battle vs. Qatar and it was our fans that put him on a pedestal over a year ago as our potential saviour rather than the man himself.
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How exactly do you know this? Some journalists with connections to the club seem to be indicating the opposite, are you mates with Ratcliffe and know the ins and outs of his bid? Maybe he'll put the debt on INEOS but maybe he won't, because maybe the other shareholders won't be happy at having 6bn of debt for an asset that clearly isn't worth that much, just because he's the majority shareholder doesn't mean he can do literally whatever he wants, he'd need to be 100% owner for that
 
Berbaclass said:
I will be gobsmacked if Qatar don’t win this race. They are incredibly bullish ATM
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Looking at it casually and as an outsider, it’s hard to see how anyone outbids the Sheikh

But Sir Jim Ratcliffe knows more about what’s going on and about business than everyone on RedCafe combined and he seems to think he is still in with a shout

Glazers staying seems unlikely but I can’t mentally rule that out. Been such a lack of good news over the last decade and it seems too good to be true still
 
Regulus Arcturus Black said:
Nar, he’d saddle INEOS with more debt, not the club. Not sure how often this needs to be repeated?

But that aside, he was pretty much always going to be fighting a losing battle vs. Qatar and it was our fans that put him on a pedestal over a year ago as our potential saviour rather than the man himself.
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But it has been reported he will not clear the debt. This is what is confusing.
 
MTF said:
Do you mean it's just something to say in football debate, not something you necessarily believe in?
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Correct. When defending the club against rivals banter specifically.
 
jm99 said:
How exactly do you know this? Some journalists with connections to the club seem to be indicating the opposite, are you mates with Ratcliffe and know the ins and outs of his bid? Maybe he'll put the debt on INEOS but maybe he won't, because maybe the other shareholders won't be happy at having 6bn of debt for an asset that clearly isn't worth that much, just because he's the majority shareholder doesn't mean he can do literally whatever he wants, he'd need to be 100% owner for that
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Because that's been their public stance from the start.

edit: Aaaand there's the doubt about the INEOS shareholders. This thread has gone full circle (for the 6th time)
 
jm99 said:
How exactly do you know this? Some journalists with connections to the club seem to be indicating the opposite, are you mates with Ratcliffe and know the ins and outs of his bid? Maybe he'll put the debt on INEOS but maybe he won't, because maybe the other shareholders won't be happy at having 6bn of debt for an asset that clearly isn't worth that much, just because he's the majority shareholder doesn't mean he can do literally whatever he wants, he'd need to be 100% owner for that
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They are 3 shareholders mate, all of them came to the meeting at OT.
It’d make zero sense to put the debt on United for a start, INEOS would receive much more favourable terms.
 
Regulus Arcturus Black said:
Nar, he’d saddle INEOS with more debt, not the club. Not sure how often this needs to be repeated?

But that aside, he was pretty much always going to be fighting a losing battle vs. Qatar and it was our fans that put him on a pedestal over a year ago as our potential saviour rather than the man himself.
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He'd own United under the INEOS umbrella though, and the debt would be on INEOS so it's still on United and partly United's responsibility to pay it off, as well as whatever other companies or football teams fall under that umbrella.
 
FujiVice said:
Anyone else chuckle to themselves when they see people on social media who genuinely think this isnt a state driven bid by Qatar? Like they buy this line of bullshit about a wealthy Man United supporter?
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Going to be even funnier when our third kit is in colours of the qatari flag and they still believe it isn't state driven.
 
LawCharltonBest said:
Looking at it casually and as an outsider, it’s hard to see how anyone outbids the Sheikh

But Sir Jim Ratcliffe knows more about what’s going on and about business than everyone on RedCafe combined and he seems to think he is still in with a shout

Glazers staying seems unlikely but I can’t mentally rule that out. Been such a lack of good news over the last decade and it seems too good to be true still
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I really can't see them staying, first off the interest payments, the debt, the lack of investment in infrastructure, its all catching up to us, Ten Hag is doing a great job, but we clearly need a lot of investment in the summer or we'll fall behind others.

Not to mention, they would seriously be damaging their standing in the business community if they've basically just wasted everybody's time.

And lastly, short of the super league happening, which the UK government won't allow, 6bn is hugely overvalued for our club, if you're buying it as a fan, a status symbol, or sportswashing then yes it has that kind of value, but if you're trying to leech as much as you can, 6bn is far, far above what they can hope to get off us by holding onto us
 
jm99 said:
How exactly do you know this? Some journalists with connections to the club seem to be indicating the opposite, are you mates with Ratcliffe and know the ins and outs of his bid? Maybe he'll put the debt on INEOS but maybe he won't, because maybe the other shareholders won't be happy at having 6bn of debt for an asset that clearly isn't worth that much, just because he's the majority shareholder doesn't mean he can do literally whatever he wants, he'd need to be 100% owner for that
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You mean the other two guys, whom he can out-vote if it comes to that?
 
Regulus Arcturus Black said:
Nar, he’d saddle INEOS with more debt, not the club. Not sure how often this needs to be repeated?

But that aside, he was pretty much always going to be fighting a losing battle vs. Qatar and it was our fans that put him on a pedestal over a year ago as our potential saviour rather than the man himself.
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That comes with its own downfall though because you're dreaming if you think the other owners of INEOS are going to be cool with Ratcliff putting debt on that company without them getting some tasty dividends in return

Ratcliff's bid as far as I'm aware wouldn't wipe out the existing debt either
 
mu4c_20le said:
Because that's been their public stance from the start.

edit: Aaaand there's the doubt about the INEOS shareholders. This thread has gone full circle (for the 6th time)
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Can you source this, where ineos says they'll take on our existing debt and won't add more? Public statements have been hard to find, it's mostly been conjecture from journalists, sheikh jassim has said his bid will be completely debt free, I can't remember seeing Ratcliffe making a similar statement
 
jm99 said:
I really can't see them staying, first off the interest payments, the debt, the lack of investment in infrastructure, its all catching up to us, Ten Hag is doing a great job, but we clearly need a lot of investment in the summer or we'll fall behind others.

Not to mention, they would seriously be damaging their standing in the business community if they've basically just wasted everybody's time.

And lastly, short of the super league happening, which the UK government won't allow, 6bn is hugely overvalued for our club, if you're buying it as a fan, a status symbol, or sportswashing then yes it has that kind of value, but if you're trying to leech as much as you can, 6bn is far, far above what they can hope to get off us by holding onto us
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6 billion only for starters. The infra wil be another 2 billion. Then any plans for regeneration/redevelopment... That's got to be double the buying fee?
 
charlenefan said:
That comes with its own downfall though because you're dreaming if you think the other owners of INEOS are going to be cool with Ratcliff putting debt on that company without them getting some tasty dividends in return

Ratcliff's bid as far as I'm aware wouldn't wipe out the existing debt either
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The Ratcliffe boys refuse to see this reality.
 
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