Club Sale | It’s done!

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Rightnr

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So this guy from Qatar is basically the cousin the of the current Emir of Qatar. His dad used to be their Prime minister and head of Qatar's Investment Authority - their sovereign wealth fund from oil and gas revenues - but then he got sidelined when his brother and father of the current Emir abdicated.

I guess it's enough degrees of separation to presume no relation to PSG but it feels weird for someone like this to have the money without a state backing.
 

Pronewbie

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0 debt? Sign me up. Much better than the rentiers and financiers from the US. I've asked the Chelsea fans here a few times who owns their debt and how much Boehly and co stand to earn from all the loans made to CFC to buy the players and none could give me an answer.
 

Ladron de redcafe

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I get that it's isn't a good state government. But I'm sorry I'm a football fan, not an ambassador to the UN. Investing in players, the stadium, the training ground, the community and wiping out the Glazers despicable debt....what more am I supposed to want?
This Jassim guy sounds great!
 

pratyush_utd

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None of the first bids will be accepted. Lot more to go on this
Dont think it will be that long, next deadline wont be long after this. Also i dont think any new bidders will be allowed to make this a fair process as everyone has already shown their hand. Expect it to complete by mid March
 

prateik

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Market cap is $4.38b ~ 4.09b euros ~ £3.64b

and these are inflated values on the back of the reports of the sale. 6 months back, it was half of this..
 

altodevil

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Wait does this mean Neville has been involved this whole time? :lol:
 

Mr Pigeon

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And just like that you'll end the oppression of homosexuals in the Middle East. Nobel peace prize is on the way.
Imagine you find out that there's a person who hates you but they've never even met you. They don't even know your name but they will put you in prison because of this hatred they have for you. They wouldn't care if you were beaten black and blue.

Now this guy might not even think any of this, but the people he work for do. It's not a secret locked in a box that they can claim they don't know about. They've had to comment on it as recently as last month. Even if this person doesn't think like this, we'd never know because they won't even mention it. It's not a subject that they even give a passing thought to. For you it's important, for them it's just an obstacle.

For many people, that's the person who is going to buy the club. It's understandable if people want to forget this club exists because of it.
 

LordSpud

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I am assuming in essence it means we clear off the debt as well so it is near enough a £5billion outlay.
Think the Glazers will say not enough. I mean yeah you're looking at straight away 5 billion but if they are clearing the debt Joel and Avram (and the res lt of em) are only pocking 4.5bn. We shall see.
 

Tiber

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So this guy from Qatar is basically the cousin the of the current Emir of Qatar. His dad used to be their Prime minister and head of Qatar's Investment Authority - their sovereign wealth fund from oil and gas revenues - but then he got sidelined when his brother and father of the current Emir abdicated.

I guess it's enough degrees of separation to presume no relation to PSG but it feels weird for someone like this to have the money without a state backing.
Cousin? He was the brother of the Emir in the tweet a few posts ago! not calling you out, maybe your right. But so little is known about any of the names behind these kids
 

dove

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Genuine question: have we ever heard of Ratcliffe's plans for the club? I remember seeing Qataris plans to upgrade facilities etc even way before today but don't remember seeing anything from Jim's camp.
 

Chairman Steve

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I see what you did there.

And which members of the similarly nicknamed posse came up with that one? I’m looking at Gary and David considering the World Cup just gone.
 

LordSpud

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Why is it?
I swear some people just call BS on everything. It must be the social media age - nearly every post and video on socials these days are fake and I dont know if its leading to people just questioning every single thing in life. Weird as hell though.
 

Rightnr

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Cousin? He was the brother of the Emir in the tweet a few posts ago! not calling you out, maybe your right. But so little is known about any of the names behind these kids
What I wrote in that post is almost word-for-word what I've just read on the Financial Times live blog. If you have a subscription, you can read it (it's breaking news on the front page) or I can try and paste the info here.
 

prateik

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Dont be dense. He broke the news. Everyone was calling him a bullshitter on it and hes been spot on.
Broke the news? He was picked to be their mouthpiece. He might be right, but there is no respect for journalism like that.
acknowledgement that what he says might as well be coming from the Qatari bidders mouth, sure... respect for the journalist.. you're having a laugh.
 

LordSpud

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Sir Jim can come in and match the bid now. Glazers wanted an auction they are going to get one
 

Roboc7

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Maybe some of other bidders will go public now, I’d be amazed if there isn’t an American bid loaded with debt already lodged. They won’t be as eager to go public even though this applies some pressure to.

It’s a very strong opening bid in terms of value if speculated figures are accurate, may have already wiped out some of the competition.
 

pratyush_utd

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Broke the news? He was picked to be their mouthpiece. He might be right, but there is no respect for journalism like that.
If he starts getting exclusive access then it wont matter. People follow Simon Stone because he gets fed news directly from the club. You can argue any sports journalism is basically that. You dont have good sources if you dont have good relationship with the club
 

JustinC00

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Genuine question: have we ever heard of Ratcliffe's plans for the club? I remember seeing Qataris plans to upgrade facilities etc even way before today but don't remember seeing anything from Jim's camp.
Ratcliffe has no plans to upgrade facilities. They gotta get loans just to afford us.
 

LordSpud

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:lol:
Broke the news? He was picked to be their mouthpiece. He might be right, but there is no respect for journalism like that.
acknowledgement that what he says might as well be coming from the Qatari bidders mouth, sure... respect for the journalist.. you're having a laugh.
My love, every single jounalist is getting their news from someones mouth.
 

pratyush_utd

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Sir Jim can come in and match the bid now. Glazers wanted an auction they are going to get one
Sir Jim bid is 4bn. Think Qatar has started with lower end while SJR bid is near the maximum amount that they are prepared to pay. Could be completely wrong but thats my assessment
 

dwd

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Chance a bigger bid could come in and win that’s financed with a shit ton of debt? I mean it makes no diff to the gnomes as long as they get paid.
 
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