Club Sale | It’s done!

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Suv666

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The part that I don't understand with this is that it makes no sense. Do we really think that Ratcliffe or Ineos are going to spend around 6bn on something without obvious returns and while paying everything from their own pockets with interests? Unless their goal is to sell the club in the near future for a profit, something is missing.

For qataris it is relatively simple, they are specializing in hospitality and real estate, their modus operandi is often to purchase something big in a locality and then spread in that area, they don't give a damn about people's opinion about their culture, they don't need small people like us, they already have the wealthiest people and countries dealing daily and amicably with them. And in their case we already have rumors about their potential investments around Manchester.

So what are Ineos, Ratcliffe and JP Morgan actual plans? The ones supposed to bring them money.
Yeah its not clear what Radcliffe's aims are. He has been eerily reticent while the Qataris can't stop talking about the deal.

I doubt INEOS are under the assumption they'll be able siphon off millions from the club. They must have seen our books. We aren't going to generate a profit that warrants a 5 billion investment.

Maybe they plan to sell us on for fatter stacks like the Glazers did.

Radcliffe should publicy state his intentions that would help allay some of the fears Utd fans have.

His PR has been horrendous. Certainly implies he'll be the kind of owner who doesn't give two shits about the fans and there won't be an active dialogue.
 

Tiber

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They could of course be bullshitting. But the Qatar bid outlined all the key sporting notes you want to hear. Aiming for the very top on the field, no profits taken out of the club, new stadium and training ground.

I was already underwhelmed by Sir Jim deciding to finance his bid via a company like Goldman Sachs, but he didn't offset this with any firm offering at all.
 

tomaldinho1

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I keep reading this and I'm genuinely interested what the importance of someone visiting the middle east before they can criticise a gulf state is, most of the organizations that report on human rights issues in those countries do visit and investigate.

Would you need to visit Russia or North Korea to be aware that they are repressive dictatorships that trample on their own citizens rights?
Also, as someone who has been there, I don’t get why it would qualify me to talk about something as an authority - especially when it’s blindingly obvious in many of these countries as Westerners we see a world that’s very different to the reality of the everyday person living in the country.
 

stevoc

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There’s two bids. One has given a pretty good plan and promise that most know he can deliver. He’s also a United fan, and has never tried to buy any other club.

Then there’s Ratcliffe…. Buying the club on debt. Won’t put the debt on the club, (but he legally can’t anyways so don’t know why he said it) backed by US investors. Have no clue what his plan people can take it for face value or spin it positively. Supports United, season ticket holder at Chelsea , tried to buy Chelsea, owns Nice, Nice fans don’t like him.
I'd say 99.9% of United fans hadn't heard of the guy before this week. So no I doubt if anyone actually does know if he personally can deliver on a brief one paragraph plan that has been lain out.

But then of course we all do know this guy isn't who's really trying to buy United so it's perhaps a moot point.
 

villain

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I’ve umm’d and ahh’d over this for the last few days since the Qatar interest has manifested itself, and seemingly every 5 mins spent thinking about my personal opinion on the matter, I’m just left torn.

I think it’s great that so many people are highlighting their human rights record & lack of support for women and the gay community - but, then what? What are you expecting to happen after that?

It kind of reminds of the reaction when something overtly racist happens - like Rashford, Saka & Sancho missing their pens in the Euro Final and the trolls came out in force, but as a country we all banded together to stomp out racism, and make it clear that it’s wrong. Great. Then what? Not much else you can do beyond that right, you just have to live life knowing that people who hold such views live among us and could be in positions of power. It’s disappointing but life can’t stop.

I’ve spent the last 10 years or so being part of social movements, primarily rooted in Black & LGBTQ progression - and one of the hardest parts about it is, you can care so deeply about an issue, and put your heart, soul & every ounce of effort into wanting to see change - and it still won’t move the needle, because the people who have the power to make change, are often the very people you’re fighting against or the people who are indifferent.

So yeah, it’s great to see so many people pushback on a country with an ideology that isn’t accepting of all people - but I want you all to realise that you’re going to have to live with the disappointment that your good intentions & moral code isn’t enough.
Maybe one day in the future Qatar will change its laws on human rights & equality, hopefully soon, however this guy buying Manchester United, will not have an impact on that. The best that we can hope for, is that he personally doesn’t believe gay people & women are less equal, in the same way I have to try and believe everyone I come across isn’t racist.
Side note: Sir Jim being a tax-haven living Brexit voting gammon doesn’t sit well with me either, (though obviously doesn’t compare) there’s no such thing as a good billionaire.

If Al Thani buys us, he has to invest in the women’s team & their facilities, and also make it clear that everybody regardless of their sexuality is a part of this club. Beyond that, I’m not expecting much else.

I don’t know if that makes sense, and maybe in another 5 mins my mind will change again - but ultimately, the closest thing I can compare the feeling to, is that reluctant acceptance that people treat others differently for things they have no control over, and you can’t change their mind about it. Anybody who’s part of an oppressed minority can probably relate.

On to the football side of things, we don’t need someone who needs to falsify sponsorships in order for us to generate revenue. Even after 10 years of almost no success we generate £700M in revenue, and without the glazers & their debt, I calculate approximately £150-200m that we could spend on a yearly basis - depending on where we finish in the league - without needing to dip into cash reserves. And for a manager like EtH that’s more than enough.
That being said, the glazers have clearly sucked us dry, so whoever does come in - needs to pay off the debt, not just move it via accounting. And, for the first window at least inject some cash for us to spend - we can be self-generating afterwards. Sir Jim’s offer is the least appealing based on this.

The others are nice to haves - yes it would be nice to have a new stadium, new facilities etc but it won’t stop any on-field success we have, it would simply make sure we’re not falling behind our competitors in those spaces.
If someone comes in & makes us debt free, we can still finance a new stadium & upgrade our facilities, because EtH won’t need to spend £200m every single year - so a new stadium might take 8 years instead of 3-5 for example.

I’ll wait until more details come out, SJR needs to be more transparent about how he’s raising his funds & how he plans on investing in the club if he’s having to loan from 2 different banks - both of which are also very questionable.

I like the Progress Pride flag that Arsenal have in their stadium, maybe we could get a banner with that flag hung in the stadium, that would be great.
 
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Rake

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So, are only Qatar and INEOS the ones that will be bidding from now on? Will there be a window that new bidders come forward?
 

Spoony

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I find Ratcliffes PR the worst of a Tory style, dog whistling. “Hey I’m British and we should keep it British” that’s not the selling points for me, the Qatar bid nailed the selling points for me, youth development, infrastructure development, community development, no debt.
JRs was underwhelming and short of detail
yeah it's cringy stuff but surely all that matters is the highest bid?
 
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Jim 5b overpriced buyout or Glazers 800m debt? Definitely Glazers ownership is better. Manutd is not worth more than 2.5b as stadium renovation, inflated squad investment to just be in CL places are needed in future. If United is sold for anything more than 2.5b, the owner should be someone who loves United and can afford money to treat it as a charity, not any Jim.
Yet a bunch of people thought Chelsea was worth more, and at least 2 think United is.

So yes, United factually is worth much more than your 2.5bn valuation.
 
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There’s two bids. One has given a pretty good plan and promise that most know he can deliver. He’s also a United fan, and has never tried to buy any other club.

Then there’s Ratcliffe…. Buying the club on debt. Won’t put the debt on the club, (but he legally can’t anyways so don’t know why he said it) backed by US investors. Have no clue what his plan people can take it for face value or spin it positively. Supports United, season ticket holder at Chelsea , tried to buy Chelsea, owns Nice, Nice fans don’t like him.
Where are Jim’s quotes? Can anyone provide a source, I’ve asked 5 times now.
 

stevoc

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Also, as someone who has been there, I don’t get why it would qualify me to talk about something as an authority - especially when it’s blindingly obvious in many of these countries as Westerners we see a world that’s very different to the reality of the everyday person living in the country.
Yeah I have a friend that works in the middle east and he has a great life there. But in the time he's been there he has come to realise he's largely insulated from the majority of the issues Qatar and other states have been criticized for.
 

DRJosh

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I’ve umm’d and ahh’d over this for the last few days since the Qatar interest has manifested itself, and seemingly every 5 mins spent thinking about my personal opinion on the matter, I’m just left torn.

I think it’s great that so many people are highlighting their human rights record & lack of support for women and the gay community - but, then what? What are you expecting to happen after that?

It kind of reminds of the reaction when something overtly racist happens - like Rashford, Saka & Sancho missing their pens in the Euro Final and the trolls came out in force, but as a country we all banded together to stomp out racism, and make it clear that it’s wrong. Great. Then what? Not much else you can do beyond that right, you just have to live life knowing that people who hold such views live among us and could be in positions of power. It’s disappointing but life can’t stop.

I’ve spent the last 10 years or so being part of social movements, primarily rooted in Black & LGBTQ progression - and one of the hardest parts about it is, you can care so deeply about an issue, and put your heart, soul & every ounce of effort into wanting to see change - and it still won’t move the needle, because the people who have the power to make change, are often the very people you’re fighting against or the people who are indifferent.

So yeah, it’s great to see so many people pushback on a country with an ideology that isn’t accepting of all people - but I want you all to realise that you’re going to have to live with the disappointment that your good intentions & moral code isn’t enough.
Maybe one day in the future Qatar will change its laws on human rights & equality, hopefully soon, however this guy buying Manchester United, will not have an impact on that. The best that we can hope for, is that he personally doesn’t believe gay people & women are less equal, in the same way I have to try and believe everyone I come across isn’t racist.
Side note: Sir Jim being a tax-haven living Brexit voting gammon doesn’t sit well with me either, (though obviously doesn’t compare) there’s no such thing as a good billionaire.

If Al Thani buys us, he has to invest in the women’s team & their facilities, and also make it clear that everybody regardless of their sexuality is a part of this club. Beyond that, I’m not expecting much else.

I don’t know if that makes sense, and maybe in another 5 mins my mind will change again - but ultimately, the closest thing I can compare the feeling to, is that reluctant acceptance that people treat others differently for things they have no control over, and you can’t change their mind about it. Anybody who’s part of an oppressed minority can probably relate.

On to the football side of things, we don’t need someone who needs to falsify sponsorships in order for us to generate revenue. Even after 10 years of almost no success we generate £700M in revenue, and without the glazers & their debt, I calculate approximately £150-200m that we could spend on a yearly basis - depending on where we finish in the league - without needing to dip into cash reserves. And for a manager like EtH that’s more than enough.
That being said, the glazers have clearly sucked us dry, so whoever does come in - needs to pay off the debt, not just move it via accounting. And, for the first window at least inject some cash for us to spend - we can be self-generating afterwards. Sir Jim’s offer is the least appealing based on this.

The others are nice to haves - yes it would be nice to have a new stadium, new facilities etc but it won’t stop any on-field success we have, it would simply make sure we’re not falling behind our competitors in those spaces.
If someone comes in & makes us debt free, we can still finance a new stadium & upgrade our facilities, because EtH won’t need to spend £200m every single year - so a new stadium might take 8 years instead of 3-5 for example.

I’ll wait until more details come out, SJR needs to be more transparent about how he’s raising his funds & how he plans on investing in the club if he’s having to loan from 2 different banks - both of which are also very questionable.

I like the Progress Pride flag that Arsenal have in their stadium, maybe we could get a banner with that flag hung in the stadium, that would be great.
The most balanced and honest take on here.
 

golden_blunder

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yeah it's cringy stuff but surely all that matters is the highest bid?
In the glazers eyes probably
But as a fan, I want to see more depth in their ideas. Put my mind at ease about the debt and not taking all the profits otherwise we’re swapping one glazer for another.
 

BluesJr

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If Radcliffe is not paying off the debt and also getting a loan to buy us (so will take money out the club to pay off his loan) then it’s an awful option.
British though. All that matters.
 

RedBanker

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If Radcliffe is not paying off the debt and also getting a loan to buy us (so will take money out the club to pay off his loan) then it’s an awful option.
If you take a global poll Qatar will be the unanimous choice. The statement issued by them is crisp and clear. They are not bringing in a burden of debt which is most important. Let's see how it concludes.
 

TrueRed79

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So this Qatari consortium isn't as wealthy as we hoped huh? Would Ineos actually be the better option?
Exactly the kind of post that shows football has completely lost it's soul. This thread is a car crash of these types of posts. Disgusting.
 

trevor newnham

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I’ve umm’d and ahh’d over this for the last few days since the Qatar interest has manifested itself, and seemingly every 5 mins spent thinking about my personal opinion on the matter, I’m just left torn.

I think it’s great that so many people are highlighting their human rights record & lack of support for women and the gay community - but, then what? What are you expecting to happen after that?

It kind of reminds of the reaction when something overtly racist happens - like Rashford, Saka & Sancho missing their pens in the Euro Final and the trolls came out in force, but as a country we all banded together to stomp out racism, and make it clear that it’s wrong. Great. Then what? Not much else you can do beyond that right, you just have to live life knowing that people who hold such views live among us and could be in positions of power. It’s disappointing but life can’t stop.

I’ve spent the last 10 years or so being part of social movements, primarily rooted in Black & LGBTQ progression - and one of the hardest parts about it is, you can care so deeply about an issue, and put your heart, soul & every ounce of effort into wanting to see change - and it still won’t move the needle, because the people who have the power to make change, are often the very people you’re fighting against or the people who are indifferent.

So yeah, it’s great to see so many people pushback on a country with an ideology that isn’t accepting of all people - but I want you all to realise that you’re going to have to live with the disappointment that your good intentions & moral code isn’t enough.
Maybe one day in the future Qatar will change its laws on human rights & equality, hopefully soon, however this guy buying Manchester United, will not have an impact on that. The best that we can hope for, is that he personally doesn’t believe gay people & women are less equal, in the same way I have to try and believe everyone I come across isn’t racist.
Side note: Sir Jim being a tax-haven living Brexit voting gammon doesn’t sit well with me either, (though obviously doesn’t compare) there’s no such thing as a good billionaire.

If Al Thani buys us, he has to invest in the women’s team & their facilities, and also make it clear that everybody regardless of their sexuality is a part of this club. Beyond that, I’m not expecting much else.

I don’t know if that makes sense, and maybe in another 5 mins my mind will change again - but ultimately, the closest thing I can compare the feeling to, is that reluctant acceptance that people treat others differently for things they have no control over, and you can’t change their mind about it. Anybody who’s part of an oppressed minority can probably relate.

On to the football side of things, we don’t need someone who needs to falsify sponsorships in order for us to generate revenue. Even after 10 years of almost no success we generate £700M in revenue, and without the glazers & their debt, I calculate approximately £150-200m that we could spend on a yearly basis - depending on where we finish in the league - without needing to dip into cash reserves. And for a manager like EtH that’s more than enough.
That being said, the glazers have clearly sucked us dry, so whoever does come in - needs to pay off the debt, not just move it via accounting. And, for the first window at least inject some cash for us to spend - we can be self-generating afterwards. Sir Jim’s offer is the least appealing based on this.

The others are nice to haves - yes it would be nice to have a new stadium, new facilities etc but it won’t stop any on-field success we have, it would simply make sure we’re not falling behind our competitors in those spaces.
If someone comes in & makes us debt free, we can still finance a new stadium & upgrade our facilities, because EtH won’t need to spend £200m every single year - so a new stadium might take 8 years instead of 3-5 for example.

I’ll wait until more details come out, SJR needs to be more transparent about how he’s raising his funds & how he plans on investing in the club if he’s having to loan from 2 different banks - both of which are also very questionable.

I like the Progress Pride flag that Arsenal have in their stadium, maybe we could get a banner with that flag hung in the stadium, that would be great.
very good post. I am ashamed that although I pay lip service to anti-racism, anti-gender rights, I am one of the silent majority who don't really do much about it (although I do defend my views strenuously at my golf club - full of reactionary old geezers so you can imagine their politics - they look upon me as an ageing hippie, I think and tolerate me. But for the club I have followed for over 60 years to be owned by a country with questionable human rights, makes me more than uneasy. Mind you, you could say that about the USA (or us to a lesser extent). I would hazard that even if we were taken over by Qataris, Kuwaitis or Saudis, I would probably still support the Club that is deeply ingrained into my soul.
 

WPMUFC

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Can anyone post a source for Jim’s quotes you are also quoting?
Can’t find it anywhere?
A source close to Ineos added: “His aim is to be a long-term custodian of Manchester United and set the standard for a progressive approach to club ownership. As locally born, he wants to put the Manchester back into Manchester United.”
Ratcliffe, Britain’s 27th wealthiest person with a fortune of more than £6  billion according to rich lists, has been working with two prolific investment banks for several weeks to finalise their proposal. Goldman Sachs and JPMorgan Chase & Co are understood to be backing his offer with bonds and loans beyond the value of United’s existing debt of £659  million.
I don't know if we can post 12ft.io links but heres the actual article in paywall form

https://www.telegraph.co.uk/footbal...d-takeover-sir-jim-ratcliffe-enters-race-bid/
 
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Favre, Rivère and Fournier in recent seasons, Nice have been unable to replicate the success they enjoyed before Ratcliffe’s arrival.”
.
look at Nice two seasons pre takeover. That simply isn’t true.

As things stand, they have a great new DoF onboard, picked by the cycling director, they are on a good run of form, just 4 points off a European spot, and post takeover they have finished 5th twice.

What “success” haven’t they replicated?

Here’s a more up to date article to read to give another view on INEOS quickly making changes and being prepared to bring in young highly rates DOF and manager.

https://www.theguardian.com/footbal...anager-didier-digard-ligue-1-will-still-reims
 

JPRouve

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Very true.

There is no good answer.
There is probably a good answer but none of them are palatable.

Now one thing that I really struggle to understand is how british people can so easily support Ratcliffe when his Brexit involvments show that he has zero care for the average british citizen. I have him next to Murdoch in the ostensibly despicable human being tree.
 

LordSpud

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If you take a global poll Qatar will be the unanimous choice. The statement issued by them is crisp and clear. They are not bringing in a burden of debt which is most important. Let's see how it concludes.
Yeah but if you take the niche, exclusive votes of that Athletic poll then its SJR as the unanimous choice. Weird. I know where I'm trusting.
 

Rado_N

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How is it nonsense?

People have completely changed their opinions on literal human rights and deaths of vulnerable people because it benefits them. It should be constantly mentioned.
You don’t know that, and there’s no good option to choose here so people are trying to choose between the devil and the deep blue sea while you run around going “aha!” at them like you’re superior. It’s tiresome.
 

dove

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Can you post a source for these quotes?

I’ll get behind most bids that allow the club to spend the money they generate and not servicing of debt, the last thing I want to see is a cheat code of a bottomless pit of external money.
 

Wumminator

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You don’t know that, and there’s no good option to choose here so people are trying to choose between the devil and the deep blue sea while you run around going “aha!” at them like you’re superior. It’s tiresome.
There have been literal numerous people who have completely changed their mind. I have shown it.
if you cared aboht human rights in qatar but not when you get Mbappe, I am literally a better person yes.
 
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