Club Sale | It’s done!

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Dion

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I ask it anyway many because it makes a difference from a structural ownership point of view
You must realise that to 99% of the people concerned about state ownership it doesn't make a difference though? State ownership is a moral issue for everyone apart from the tiny fraction who are worried they're going to "get caught" and having a member of the royal family and state financed bank employee beholden to someone who has just given him a £5bn gift and requires more of the same to keep his promises is no different to being state owned in a legal sense. Everyone knows who is really in charge of the club and who pays the bills.
 

mu4c_20le

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I suspect people are reading into Adam's speculation a lot deeper than they should be, financially it makes no sense not to refinance the debt onto Ineos' books when they complete the takeover anyway. That debt is not financed on terms which are remotely reasonable if you have the facility to buy a £5bn club.
It's pretty disingenuous of Crafton to say that just because the debt wasn't specifically mentioned in the statement. Which Raine did not want them making publicly anyways.

That's genuinely really kind of Goldman Sachs. I swear some investment banks get a really bad rap but for them to just come in and clear the debt like that to help a boyhood fan achieve his dream of owning Manchester United is just absolutely admirable.
It's just doing business, the debt would be shifted to INEOS which obviously have no issues handling with their 2bn yearly revenue.


British billionaire Jim Ratcliffe has lined up banks including Goldman Sachs Group Inc. to provide debt financing for a bid to buy Manchester United FC, a person familiar with the matter said.

The banks are prepared to back a takeover offer with bonds and loans, according to the person, who asked not to be identified discussing confidential information. If a bid is made, the banks will cover the value of Manchester United’s existing debt—which stands at roughly $800 million—and potentially go much higher, they said.

https://www.bloomberg.com/news/arti...-jpmorgan-goldman-to-advise-on-man-united-bid
 

Vapor trail

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Ratcliffe is not clearing the clubs debt therefore he's not a solution to bad ownership he will be a component of the bad ownership. All things considered, Glazers to Ratcliffe is a sidestep.
 

Cassidy

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You must realise that to 99% of the people concerned about state ownership it doesn't make a difference though? State ownership is a moral issue for everyone apart from the tiny fraction who are worried they're going to "get caught" and having a member of the royal family and state financed bank employee beholden to someone who has just given him a £5bn gift and requires more of the same to keep his promises is no different to being state owned in a legal sense. Everyone knows who is really in charge of the club and who pays the bills.
I couldn’t care less what you think 99% of people care about.
 

cyberman

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In slight defence of Delaney he heavily criticised the Newcastle takeover too. He's still a muppet though.
It’s like the Peacemaker joke when he claims he isn’t racist because he just kills bad guys but agrees when the janitor says yeah but they’re mostly black.
I bet there’s more about oil money than the ownership of Glazers and Ashley at Newcastle. It really feels unbalanced. Not saying he’s racist but there must be a reason there somewhere
 

Cassidy

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Ratcliffe is not clearing the clubs debt therefore he's not a solution to bad ownership he will be a component of the bad ownership. All things considered, Glazers to Ratcliffe is a sidestep.
Is not true that he definitely is not clearing club debt. Better to wait for clarification on that
 

Cassidy

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You felt the need to reply to me, making that exact spurious point, so this is evidently untrue.
Again what YOU think 99% care about is of little relevance. You actually responded to my post by the way.
 

Georg25

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Journalists threatening journalists, yeah this is going to end well.
The Qatari dude barely qualifies as a journalist, more of a propagandist, but I still think he is trying to say that the bid will be accepted and the club will be bought whether Delaney likes it or not. a general note is that Qatari's are not very subtle and feel entitled to many things in the UK since they basically own half of London.
 
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Dion

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Again what YOU think 99% care about is of little relevance. You actually responded to my post by the way.
No I didn't. We've never previous engaged in conversation on this board until you replied to a post I made to someone else with the "it's not state ownership" guff.
 

Fridge chutney

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More likely because they don't want to reveal their hand to maintain a competitive advantage during the bidding process. Especially after the Qataris pissed the Glazers off with their media campaign to "restore former glories".
Yes, the bluster and PR coming from INEOS and Qatar make me think that this isn't cut and dry, there could be other potential suitors who are serious candidates.
 

Sly1

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Sheikh Jassim, who has made the $5bn bid all by himself and isn't a front for the Qatari state, is worth $1.3bn according to Forbes from what I've read in the press.

It's possible, the money isn't from the Qatar state, but not very probable. If it'll all be debt free it doesn't really add up, now does it?
What's your point? Can't he own Man Utd?
 

Cassidy

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No I didn't. We've never previous engaged in conversation on this board until you replied to a post I made to someone else with the "it's not state ownership" guff.
The post you literally replied to 4/5 posts ago was me responding to someone else after having left the conversation with you and you reponding to that. It was also about a different topic about asking where the funds would he sourced.

Which is why the answer I gave had relevance and why your point about what you think 99% of people care about has zero relevance. Now lets just agree to end this convo here. As Ive stated before there is no point you responding to my posts (in reply to others) to repeat what you have already said to me for me to then repeat back what I have previously said is there?
 

croadyman

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Interesting suggestion from O'Neil was that to clear the debt very quickly Ratcliffe could make clear there would be a sale of equity to fans. Would provide power to fans and wipe the debt.

Though absolutely no suggestion that Ratcliffe is remotely interested in the idea. Would make the ineos approach a lot more appealing though
Would be more appealing if he saw himself as a British Abramovich,not thinking about ROI is more important than spending what it takes to make it happen
 

croadyman

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Interesting suggestion from O'Neil was that to clear the debt very quickly Ratcliffe could make clear there would be a sale of equity to fans. Would provide power to fans and wipe the debt.

Though absolutely no suggestion that Ratcliffe is remotely interested in the idea. Would make the ineos approach a lot more appealing though
Pretty sure O Neill is going to be on Webby's podcast shortly. This should be interesting as Tony is a big supporter of Qatar bid
 

JagUTD

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Weird how any claim about what SJR and Ineos would do is immediately taken as fact by those in favour of the Qatar bid but any and all of the many, many questions about the Qatari bid is immediately dismissed out of hand.

Any concerns you have about SJR and Ineos apply many times over for Qatar's bid. I mean, the apparent man behind the bid appears to be worth less than the Glazers for starters yet this is ignored because the money is coming from the Qatar State, "Oh, no it isn't" (this is literally the argument being put forward, the unfunniest panto in history).

And because Delaney is a bit of a crap journo we've reached the "he's behind you" stage as veiled threats start flying about.

Still, just think of the shiny new Stadium and Mbappe :drool:
 

Dion

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The post you literally replied to 4/5 posts ago was me responding to someone else after having left the conversation with you and you reponding to that. It was also about a different topic about asking where the funds would he sourced.

Which is why the answer I gave had relevance and why your point about what you think 99% of people care about has zero relevance. Now lets just agree to end this convo here. As Ive stated before there is no point you responding to my posts (in reply to others) to repeat what you have already said to me for me to then repeat back what I have previously said is there?
Because it's the same issue and you've never addressed it, yet keep repeating the same spurious point. I'm going to continue to address it if you continue to repeat it, that's just the nature of discussion forums.
 
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