Interesting and I actually agree.
It's not good news for non football staff and the timing couldn't be worse with Christmas just around the corner.
I imagine quite a lot of employees right now aren't looking forward to Christmas family gatherings.
Manchester United reaches agreement for Sir Jim Ratcliffe to acquire 25% of the company
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Interesting and I actually agree.
It's not good news for non football staff and the timing couldn't be worse with Christmas just around the corner.
I imagine quite a lot of employees right now aren't looking forward to Christmas family gatherings.
Vouchers for a new owner, can only be used in a shithole though.
if we were a shop, i’d say we’d be tk maxx.
I’ve answered this elsewhere. Jim didn’t have to invest on these terms he has chosen to. If the Glazers wanted to stay he could have shown principles & left the negotiation.
If SjR walked where do the Glazers go? A hedge fund with even less favourable terms. This deal is better than that but being better than utter shite still makes this deal shite.
What we have now is a perfect halfway house for 2 of 3 partoes. SjR has ‘footballing control’ at a fraction of the cost he probably thought he would have to stump up, the Glazers get to profit most from any potential successes in the future & pocket a hefty sum from SjR.
What about the 3rd party. Manchester United. Well theres this £300mil investment people are getting excited over, which dwindles in comparison to what the Glazers have A) given themselves in dividends over the years; B) the money the Glazers will pocket from selling the shares; C) How does £300mil make a dent in the squad &/or the infrastructure of the club which once best in class is now middling.
My problem with a deal of this type from the off is it puts SjR & The Glazers at the forefront. Like it or not a full sale would have still seen the Glazers pocket a tidy sum but would have seen the club rid of their cloud but what we have now puts the club firmly 3rd on the podium after todays announcement.
Edit: Can’t believe I forgot to mention this. The fecking debt, yea that’s still there whilst the Glazers sold shares for pure profit. Feck this deal.
Depends on shareholders agreement but that's very unlikely, generally over 75% control is required to dilute shareholders
Christmas is already hard work as United are at home as usual on boxing day so lots of people only get tomorrow off. Then again, I'm naturally pessimistic towards the place and I'm the first to admit I hold a grude so maybe there's room for cautious optimism, things need to change
Wow we won a throw in! Get in there!
We seem to be in the minority…
Very happy today. Really exciting times ahead
Merry Jimmas everybody!
Are you saying that this isn't worth celebrating? Weird.
More like a Playstation Portal that you can use at your greasy rat tail "friends" house PS5.
The way to describe this guy rhymes with once...
For what it’s worth, some throw ins are worth celebrating
More seriously though, I’m so sick of the Glazers that even them having a 1% share would still upset me.
Also, I have been numb to a lot of things lately surrounding the club lately, I would rather have Sir Jim and Ineos implement successful changes before I get ahead of myself and sing their praises.
More seriously though, I’m so sick of the Glazers that even them having a 1% share would still upset me.
Also, I have been numb to a lot of things lately surrounding the club lately, I would rather have Sir Jim and Ineos implement successful changes before I get ahead of myself and sing their praises.
This just adds to what is becoming a very poor season. Hope I am wrong but doubt SJR will be able to fox much.
Makes me wonder whether SJR will have any say on non-football operations and decisions.
Hopefully this is just the beginning of a full glazer exit, but who knows with those parasites.
Key points here are;
25% of Class B shares. Now the biggest holder of Class B shares.
Upto 25% Class A Shares. So roughly 43% of the club shares in total if he acquired them all. By far the biggest individual shareholder of he does.
Edit - Got my maths wrong. 25% of 31% so yeh actually equals the 25% in total.
Gaining footballing control basically ends the Glazers involvement with Manchester United Football Club and as some have asked, why would anyone give up the core of your business... Think about it. There isn't an official exit plan but their is a clear intention to exit in handing over control. You'll probably see a mix of Ratcliffe funding and Glazer shares reducing until each is gone.
25% of Class B shares. Now the biggest holder of Class B shares.
Upto 25% Class A Shares. So roughly 43% of the club shares in total if he acquired them all. By far the biggest individual shareholder of he does.
Edit - Got my maths wrong. 25% of 31% so yeh actually equals the 25% in total.
Gaining footballing control basically ends the Glazers involvement with Manchester United Football Club and as some have asked, why would anyone give up the core of your business... Think about it. There isn't an official exit plan but their is a clear intention to exit in handing over control. You'll probably see a mix of Ratcliffe funding and Glazer shares reducing until each is gone.
Unless the club literally goes under this cannot be worse than where we are at now.
You could look at it that way. It might help that INEOS only has three shareholders.
Is say not entering the depths Arsenal and Liverpool have been in during the last 10 years, or going on a title drought as long as them, not somewhere that sits between where we are now and the club going under?
How much dividends will the Glazers continue to take?
Because some people are banned on the other/original thread?
Its sickening. The glazers also won't throw a single dollar back in the club to service the debt either.
You're on fire today!
Your 4th paragraph is a train wreck. $300m investment is bad because… the Glazers have previously taken money out of the club and SJR has to pay for his shares? When you wrote that did any of it actually make sense to you? Or are you just spit balling nonsense in the hope nobody bothers to read your post?The Glazers have always spent money on players, but it seemed they had the idea that spending lots of money on players was all that was required and the football would take care of itself. It's clear this isn't so. Provided the football side of things is run well enough to bring sustained success on the pitch, the Glazers have shown they are quite capable on the commercial side of the business. These will be interesting times.
I think the glazers will cash out to Jim in a year or two once they realize the super league is over and the new TV rights deal comes through to set a ceiling on the value of the club.
that actually worked, I didn't bother reading that post after the nonsense in the first line.Is there such a thing as a good club owner? Ultimately they are all subject to ego, emotion and whim, their character is the ultimate deciding factor in their commitment to the club.
On the plus side, Radcliffe comes from working class roots and made his money transforming loss making energy companies into profit and going on from there.
On the downside beware of false promises, his vocal pro Brexit stance wasn't reflected in subsequent UK investment.
There may seem to be many problems to solve, but victory will comes from finding opportunities in those problems.
On the plus side, Radcliffe comes from working class roots and made his money transforming loss making energy companies into profit and going on from there.
On the downside beware of false promises, his vocal pro Brexit stance wasn't reflected in subsequent UK investment.
There may seem to be many problems to solve, but victory will comes from finding opportunities in those problems.
This season is making people literally lose their minds. With redcafe documenting the descent into madness for posterity.
Ahhh ok.
So not sure that means the $300m buys shares direct OR he invests it and gets shares in return, but same ends result?
Significant reduction in Glazer ownership
Complete reduction in Glazer medling
Significant initial investment
As for "shown principles and walked away" can you explain further? Are you saying you would have preferred the Glazers to stay or is it that you wanted the Qataris who presumably would have been up to 4 times less principled that Jim?
I mean this obviously isn't the reason. Silly post.
Not a clear path officially but you can see from the details that the path is there. As soon as the rumours of them giving up football operations started, that was it. Now we have that in writing it's safe to assume their exit is now a matter of time.
Investment has to come over time as well though due to financial rules so nobody should be worried about the initial figure. You can't just dump 2billion into a club all at once.
I don't know if im desperate enough to consider this good news, or go with my initial instinct and see this as yet another nail in the coffin, especially when we were so close to getting rid of these parasites who were on their knees. I concede that the club desperately needs a change of direction, almost any change, but I'm not convinced that giving the Glazers an essential prolonged lease of life could be considered a good thing either.
I guess if Jim starts to up his stake over time to an eventual majority takeover then I'll start to feel heaps more optimistic, but until then the whole thing still feels a little sordid to me.
I guess if Jim starts to up his stake over time to an eventual majority takeover then I'll start to feel heaps more optimistic, but until then the whole thing still feels a little sordid to me.
He’s that miserable sensationalist guy on SKY yeah? Always felt he reported on us with a slant (not objectively, glass half empty).
Can you please explain me these details please. I am not being sarcastic or anything like that. I want to spend the Christmas with less things to worry about
The football side is something the Glazers had never given a feck about. Else they wouldn't have kept Woodward and Murtough for this long
No one knows whether it'll work out, but for now, it's good news. Anything that changes the current structure of the club is good news. I hope SJR cares about the football club. The biggest sin of the Glazers is that they didn't care. They let incompetent people do whatever they wanted with the club's money and didn't care as long as their dividends rolled in. I really, really hope SJR cares and is willing to admit mistakes (which will surely be made) quickly and change when necessary. I can't handle another tenure like the decade of Woodward.
Would've preferred a full sale, more guaranteed investment and zero club debt but at least it's a move forward. Hopefully Jim sorts us out and fecks of the Glazers once and for all in the next few years.
They are all individuals. There is no such thing as the Glazer Family as a single entity. Tbh I don't even think they like each other, remember reading they barely even speak to each other and when they do meet, they have their lawyers with them.
First of all them being good commercial wise is a myth. United was already a commercial juggernaut by the time they bought us and the Glazers were lucky to be riding the EPL money wave on the biggest and meanest super yacht in football. Actually prior to them coming, we were the top dogs commercial wise. These days our infrastructure is rotting, we're serving raw chicken to customers, our debt keep piling up and we're losing money. That's hardly the gold standard of running a club commercially
That's why I formed that post the way that I did. If they work as a family then the Glazers are still the majority shareholders. If not then these will be interested times
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