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Club Sale | It’s done!
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Jim going big and not home!
5 billy as the only person less reliable than Jassim would say.
The Glazers “are not concerned about unrest if they stay as they have had it for years.” Surely they know it will be a lot worse, I mean unpleasant Everton worse, if they stay?
"British billionaire Sir Jim Ratcliffe is set to submit a revised offer of more than £5bn including debt to buy Premier League football club Manchester United, a record price for a sports team, said people briefed about the matter.
The increased bid comes as Ratcliffe, the founder of the Ineos chemicals empire, goes up against Qatari Sheikh Jassim bin Hamad al-Thani for the takeover of the most successful English Premier League football club.
Ratcliffe and Sheikh Jassim are submitting their proposals to the Glazer family who control the club ahead of a 9pm UK deadline on Wednesday, according to people with knowledge of the matter. The value of Sheikh Jassim’s bid remains unclear."
So do we know if it’s euros , pounds or dollars For the fee ?
I’d like to see the club reinstated to its former glory, but wish to restate my opposition to state ownership.The state of this post
What's the current state of affairs then?
its actually funny how the media have no clue on the bids , 'new bids of between 5-7billion' , as if the 2billion difference is splitting hairs !
I won't be surprised if SJR wins
Jim’s stateless and Jassim’s the state.
I really hope it is not Ratcliffe and his wall street goons and him borrowing money to fund his purchase.
Yeah there is no doubt Qatar has some laws which I don't agree with,however like I and many others have said the state ownership horse bolted with City back in 2008
I have a £300M shopping list for the summer. Please, someone buy the fecking club!
Understated comment
So you don't buy into the Qatari line that everyone will be given chance to prove themselves
Can you someone tell me if Big Jim actually needs finance. Just seems mental someone like him can be turned down by Barclays. Suppose there's still the Halifax.
Getting flashbacks to every time we got a new manager who gave everyone a chance to prove themselves
So who is on it then,want to see how close it is to mine just out of interest
My point is his dad might be helping him buy the club. Hence the post stating that his dad might be helping him buy the club.
So if we get bought out tonight do the new owners start straight away like? So they can start planning for the new season…
So, does this mean his bids actually 4.5bn but clears the debt or 5bn to the Glazers and we keep the debt, because I don't see the former being accepted
5 billion bid including debt ain't that good considering the Glazers want 6 billion not including the debt
He can’t even afford s colour photo ffs
There are people who actually want rid of the glazers in favour of yet another leveraged buy out?
Just confirms a lot of fans were following the crowd and don't actually know why people want the glazers out.
Sir Jim is a terrible option.
Just confirms a lot of fans were following the crowd and don't actually know why people want the glazers out.
Sir Jim is a terrible option.
In Qatar, M&A doesn't stand for mergers and acquisitions.
The only thing we can all agree on is that every single response on Twitter is by a an idiot.
"Ineos shareholders will want their money"
There's 3 of them you absolute prats, is what's I'd say if I was on twitter.
"Ineos shareholders will want their money"
There's 3 of them you absolute prats, is what's I'd say if I was on twitter.
Yes, because INEOS doesn't have GBP 5 billion or more lying around, they need debt of some sort to even make the required payment to the Glazers in exchange for their equity stake, if they were the winning bid.
I wouldn't read that into the Barclays debt news. It's that they they were marketing debt to finance a EUR 720 million acquisition of a chemicals company, but the European debt markets are really turbulent this week following the Credit Suisse take under this weekend. So INEOS and Barclays (who were doing the marketing and book-building for them) decided to not try and price the deal this week, and wait until market conditions are at least more stable.
On the other hand Sjr is stateless
Over $6.1billion
This means that the bid to buy 69.50% of the Glaziers shares would be £660m first to clear the debt then probably £4.5bn on top so the bid would be shown as £5.16bn or $6.3bn, I have a feeling that Sheikh Jasim could be £5.5bn + £660m debt = £6.16bn so a billion more
Just had a quick check on the share price and it's still over $25.. https://www.marketwatch.com/investing/stock/Man Utd
Don’t you think, for better or worse, the promising appointment of Ten Hag would grant them a stay of execution under any owner?
This is shrewd from the Glazers. Think about it:
You're selling your asset. As soon as you say "Oh shit, yeah we better sell and sell soon otherwise the fans will go crazy!" The buyer has the power then.
The Glazers have played this perfectly, the greedy cnuts. And they will get loads of money for it.
Well I certainly can't see the Glazers turning down an extra billion
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