It's at least enough to fix the leaking roof I hope
Manchester United reaches agreement for Sir Jim Ratcliffe to acquire 25% of the company
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It's at least enough to fix the leaking roof I hope
I’m going to look for the positives in this, I kind of pity those on here who just seem to live in a relentless state of miserable about everything.
It might just about be enough to get the food hygiene rating back up to 5.
Damn so it needs a lot of work that even 300m isn't much.. that's sad to hear
Class a shares have 1/9 of the votes which means that they are irrelevant in the grand scheme. So I'd say 25% of Class B which makes him the leading shareholder if everyone is seen as an individual but still a minority shareholder to the glazers
I don't get this. It's not like they don't know that Ratcliffe's arrival is imminent. Also, not sure what Christmas Eve has to do with anything. We are not living in some Christmas film. A lot of people couldn't care less about Christmas and don't celebrate it, for various reasons.
Who wants to bet that there will be another delay? The Premier League won't approve the deal due to Joel secretly owning a box of Newcastle Brown Ale or something.
I deem to remember reading somewhere that Darcie wanted to be completely out, Kevin also wanted to sell to concentrate on Tampa Bay, so maybe they have both reduced their holdings.
The fact remains that the Glazers still hold the purse strings, and will continue to fleece the the club for dividends while it crumbles around them.
Not a fan, but things are so shit and dire I'll give him a chance.
I understand some aren’t happy with the Glazers hanging around but surely them losing total control of football operations along with fresh investment, and the 25% dilution of their ownership strength, for the first time in 18 years, is a huge positive?
Whichever side of the fence you sit on this is obviously a step forward and if football operations are successful the club will get back to where it once was.
The Glazers have actually been pretty good on the business side of things so let them do that and INEOS do their thing. If it comes together we will be perfectly fine.
Whichever side of the fence you sit on this is obviously a step forward and if football operations are successful the club will get back to where it once was.
The Glazers have actually been pretty good on the business side of things so let them do that and INEOS do their thing. If it comes together we will be perfectly fine.
When do we the fans and public in general get to know more details about this deal?
I’m interested to find out if the whole SJR will get control of “Football operations” turns out to be some sort of PR speak or if he’s actually getting any real control to define the football strategy or philosophy going forward etc
I’m interested to find out if the whole SJR will get control of “Football operations” turns out to be some sort of PR speak or if he’s actually getting any real control to define the football strategy or philosophy going forward etc
Sir Jim Ratcliffe being shown around Old Trafford
https://x.com/eflsimpsons/status/1738974667656860069?s=61&t=ZvGzfV2Qafn11jKrPfufuA
https://x.com/eflsimpsons/status/1738974667656860069?s=61&t=ZvGzfV2Qafn11jKrPfufuA
We seem to be in the minority…
100% correct. At this point what have we got to lose. If the foot ball side can be sorted things will settle down.
25% of the class B shares is around 17.25% of total shares as the Glazers owned 69% of the club before. 25% of A shares is around 7.75% of total shares as 31% is floated on the NYSE. So overall ~25% of all shares I think.
However, the 300 million pledged investment over the 12 months next will presumably mean that he will acquire extra shares that way too. So I think it will be at least 30% of the whole club by Christmas 2024.
It seems some of them are under a hope/dillusion that if the club struggles for the next couple of years under just the Glazers and we protest enough, that they will all of a sudden be open to selling all of the club for cheaper.
Yip. 25% of one part + 25% of the other half equals 25% of the lot.
Not sure the £300m investment means more shares?
What is this attitude? It’s the biggest stadium in the league. Do people want heated seats and a popcorn machine ffs? All it needs is to increase the capacity to meet demand. You’re talking as though it’s a dog track.
Read post #110 in this thread
It's confirmed in the INEOS statement.
https://www.ineos.com/news/ineos-gr...quire-up-to-a-25-shareholding-in-the-company/
By my quick and dirty calculations, that'll take Ratcliffe up to about 29.5% by the end of 2014.
No, really, it isn’t. Read all the announcements, the shares are owned by Jim personally via a new holding company. Ineos own nothing.
I didn’t read that as equating to more shares… thought it meant infrastructure, stuff like that?
I thought so too
" provide an additional $300 million intended to enable future investment into Old Trafford. "
Surely that means we won't be getting players from Nice on the cheap then? As that would mean Ratcliffe would essentially be asset stripping INEOS at the expense of INEOS's other shareholders.
Yes but part of the agreement says Ineos is the one to run things.
In the United statement:
"Sir Jim will provide a $300 million fund intended to enable future investment into the Club’s infrastructure at Old Trafford, comprising $200 million paid upon the closing of the transaction and a further $100 million by the end of 2024. Trawlers Limited will be issued additional Class A and Class B shares at $33.00 in respect of such investment."
To get it to an elite level a full renovation of the South Stand will be needed but thats always been virtually impossible as they would have to either close the Railway line behind it or close the stadium itself while the work is being done.
Read the last sentence. Trawlers Limited (which is the company Ratcliffe is using to hold his shares) will be issued additional Class A and Class B shares at $33.00 in respect of such investment.
We seem to be in the minority…
I can understand not getting carried away but the noises from Jim's camp seem mostly positive. Cautious optimism is an entirely reasonable position.
Exactly what an ungrateful brat would say!
Woohoo. Now let's hope be brings about some changes.
Why have we got 2 almost identical threads?
Bit like Sir Jim then. AmiriteWe seem to be in the minority…
I feel you mate. We all wish it was by the end of 2014.
Oops. But yes, 2014 would have been a much better time for it to happen. Bring in the new guard pretty much immediately after Fergie retired.
Is this a bit like a house invasion when a new guy in a ski mask turns up?
There are several positives in the deal. For one the Glazers had lost control over the football side of things which, tbf, had been heavily neglected through the years. Then there's those 300m in investment which is a piss in a pot considering the grand scheme of things but is the first cash injection United owners had been engaged in for decades.
However unless there's a clear path for full ownership then I can't see United returning to the glory days.
However unless there's a clear path for full ownership then I can't see United returning to the glory days.
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