Jim Ratcliffe apparently completes first step in gradual takeover.

[laughtersassassin]

Qatar withdrawing because a deal with Ineos is done

Yeah tbf I was just relaying what Ben Jacobs said but it made sense.

 

[FlawlessThaw]

No investment in the community but at least we can claim the moral high ground.

 

[Wumminator]

Custis

Will we be changing the chant from Glazers out to Ratliffe out in a couple seasons (if they are even gone). Can't wait to see what the takeover timeline is.

We had matchgoing fans parading a banner with Ratcliffe’s face on and Qatar out banners posted in away ends.

 

[Frosty]

Lewis Hamilton as DoF? Makes sense to me.

 

[Wumminator]

No investment in the community but at least we can claim the moral high ground.

The community investment from City has seen hundreds of millions of pounds leave Manchester.

 

[Catt]

Yeah tbf I was just relaying what Ben Jacobs said but it made sense.

Jepp

 

[acnumber9]

I don't care what anyone says, but he is not giving them £1.5 billion to stuff in their piggy bank, and is not saying it is a step to a full takeover without having is legally bound somehow.

Do you think the Glazers are giving up equity for the good of the club? It’s going in their pockets. INEOS are here for their cut of what the Glazers think is coming.

 

[Swedish_Plumber]

What does him having 25% mean for United while we wait for it to eventually be a majority stake? Genuinely curious.

 

[Buster15]

yep.

A lot of people bringing preconceived notions to these tweets. It’s just apparent we are in the end game and will now hopefully have a new ownership structure. Could be really exciting times!

Yes that is pretty much my view as well. Sir Jim is no fool that is for sure. He is a very astute and successful businessman. And I have a feeling that he will want Manchester United to become a much more efficient and well run organisation. Can hardly be any worse can it.

 

[IrishRedDevil]

No new stadium, but at least we ate Brexit approved

 

[FlawlessThaw]

The community investment from City has seen hundreds of millions of pounds leave Manchester.

Mostly due to the stadium which isn’t the issue here

 

[space]

I’m gonna be sick

 

[C'est Moi Cantona]

Do you think the Glazers are giving up equity for the good of the club? It’s going in their pockets. INEOS are here for their cut of what the Glazers think is coming.

I don't believe most of the money will be going into the Glazers pocket no.

The club has an infrastructure that needs alot of money spending on it, and a debt that needs to be stabilised.

If the Glazers think the club is going to be worth a fortune more in 5-10 years time without doing any of the above, then there was no need to get Ratcliffe involved at all.

 

[big_jeffstar]

What does him having 25% mean for United while we wait for it to eventually be a majority stake? Genuinely curious.

it means he’ll be handing the Glazers a load of cash for shares with absolutely no voting rights, and then they’ll drag their heels for the next decade about selling him the rest.. nothings going to change, it’s just more of the Glazers

 

[Wumminator]

Mostly due to the stadium which isn’t the issue here

Not at all.

Through dodgy tax deals.

 

[Roboc7]

Notice the language viewed as, I think a statement from INEOS would be more definitive as it would potentially clarify their intent on full ownership. The Glazers have done such a bad job at running the club that it's almost impossible for any new owner not to succeed from their position but there must be some very strong contractual obligations to ensure full ownership is not a view but a guarantee.

Unless INEOS are stupid I’d expect this to just be first step in a guaranteed full takeover and there will also be changes to leadership like a new DOF or equivalent etc. You don’t spend this much and commit to further spending and allow the Glazers to keep running the show.

 

[AltiUn]

What does him having 25% mean for United while we wait for it to eventually be a majority stake? Genuinely curious.

At minimum there would have to be concessions from the Glazers so that INEOS aren’t just investing money that’s immediately siphoned out of the club and into the Glazer’s pockets. I’d also expect they will have a voice at board level and with future decision making such as hiring and firing of DoF and potential stadium redevelopments.

 

[golden_blunder]

Let’s keep it in the sale thread otherwise we will have 2 threads having the same conversation