Club Sale | It’s done!
- Thread starter JB08
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No way on earth that this is some elaborate ruse, you don't mess about with very powerful business people like the Qataris, or even Ineos. The Glazers and Raine will know this.
The sale will eventually happen near the Glazers valuation , maybe not exactly but around £5.5 to 5.7 bn. The clubs not on sale very often and may not be for another 30 years after this so it may be worth overpaying slightly if someone really wants the club as a status symbol and not just investment (ie Qatar).
Call me crazy but I’m not convinced that Avram Glazer, the multi-billionaire who made United pay for his flights, food and accommodation on his recent trip to Wembley would want to take minority investment and pump the billions of pounds it creates into the club rather than his own dusty wallet
Glazers will lap this up
Sporting & property development JV projects.
Then the glazers can claim that the deal was worth 8-10 billion or something
Yes of course, just maybe not the whole club. The Glazers may get, say, £1-2bn of investment from this process.
He takes this seriously and considering the background from the Qatari money it's a shame he won't get the deal. I've come to terms with it but Ratcliffe has shown real ambition here in my opinion.
I don't get why the Glazers would be interested in detailed plans and timelines about any buyers intentions for the stadium.
Aye for all the shit he’s taken on here as a “chancer” amongst other things, he was viewed as our knight in shining armour just a year ago and in my opinion his ambition here really has shown him to be up to his side of the bargain.
Never expected him to win vs. Qatari money but unlike the Chelsea bid, it’s clear he wants to do everything possible to make this work.
Glazers aren't it's Raine asking the questions to understand that the buyer is financially able.
Let's not get into a long winded discussion on semantics here mate. Given the money they've bled out of the club before and especially in the decade after those loans were paid back. Ultimately those loans were paid back from club profits.
This deal will be 100% profit for the Glazers on top of the money they've already taken out of the club.
As let's not forget besides divedends the almost £500m they've made from selling class A shares in United. Likely not a penny of that has been invested back into the club.
What is Jim Ratcliffe's plan? Will he need Goldman Sachs funding to buy the club?
Same! And as a result I will view INEOS and any other Sir Jim Ratcliffe-affiliated companies/brands/conglomerates in a positive light from here on out
just being facetious : )
“Modernise” instead of “rebuild”?
Simply because SJR bid was originally without the debt and rumoured to be be £4.3-4.5bn for 69.5%, he then came out with multiple statements addressing the debt part which is in the accounts at £620m, he’s not going to simply add the debt to the original bid to make £4.9bn to £5.12bn, and Ineos would have done extensive due diligence on the second bid, expecting to be in the third and final round with Qatar where he could probably offer £5.5bn including the debt.
Rumours of SJR second bid of £5.29bn makes sense, we may never know the absolute truth though unless he becomes the owner.
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One thing no one can accuse SJR of not being a very serious contender to buy United, he’s trying to take on a state and he should be put through to a final two horse round with Qatar.
Modernise is still my preferred scenario. Do a Bernabeu job on OT
As long as it not a Nou Camp job - I got terrible vertigo there, even worse than Newcastle!
Everywhere seems to be torn, some want rebuild others want work done on the existing.
It would be sad to see OT go in my book.
Especially when you see what can be achieved with huge modernisation like at the Bernabeu.
That would still cost £1.25-1.5bn, the pitch is retracted into the ground and has huge under pitch opportunities, restaurants etc, then they can cater for modern arena events by changing the surface of the pitch with seats, basket ball court, Boxing, festivals and modular areas. Plus you have the roof to pay for which is retractable and closes in severe weather. Madrid are expecting another €150m added to their revenues because of this.Modernise is still my preferred scenario. Do a Bernabeu job on OT
At one point Madrid were even thinking about a shopping complex under the pitch
I actually want to see a hybrid model
but I’d be careful of people saying modernise, equally it could mean fix the roof, fix the toilets, bit of a paint job and Jim has fixed it
Ed - ‘The Idiot Woodward’ owns 0.5% of the voting shares, if the glaziers do sell for £5.7bn, the idiot gets a cool £27.5 million, and you wonder why he just walked away !
Old Trafford doesn’t need to be rebuilt, but it does need modernising. Any attention for the old place will be welcome.
We don't want them getting Ole. It has to be Gerrard so that it hurts the fans a hell of a lot more as it all falls apart.
That’s nothing. SJR and Brailsford can give Joel a couple of jabs that would guarantee him a podium finish in the Tour de France.
Along with some wording in his initial statement this’s another key word I don’t like when reading about his bid. It just screams increased debts and a restricted investment plan. Another red flag. Don’t like.
its not semantics it’s just a fact
I hope Sheikh Jassim out does that stadium. It’s about time we had the best stadium in the world.
Only because you have a preconceived bias against the bid and a bias towards the completely unknown possibility of infinite oil money.
Because well, modernisation…https://www.realmadrid.com/en/history/santiago-bernabeu-stadium/future-santiago-bernabeu-stadium
I’ll personally hang off once again before deciding if it’s good or bad, hopefully we get a look at the INEOS plans for modernisation at some point.
Don't know how people can make any conclusions from that "plans to modernise Old Trafford" bit. It can be anything from adding more screens in hospitality suites to a major £500m job. We know nothing about it.
There are so many that are desperate for what they consider will be “debt free” Qatari billions, that they’ll take anything in the INEOS bid and paint it in a negative light.
It’s odd, as you say, until we see the plans we don’t know if modernisation means a couple of hundred million or a billion. Give me Madrid’s modernisation a million times over Spurs or Arsenal’s stadiums.
5G baybee!!
mate i was actually wondering if the clown gets any share of transaction amount. That fecking moron should be banner from the stadium.
That they borrowed money to buy United and then repaid that loan with club profits and/or the proceeds of selling off club shares?
Yes agreed.
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