Club Sale | It’s done!

[BarstoolProphet]

Ok, gents I’ll try once more.

The Qatari bid for Manchester United is fronted by Sheik Jassim bin Hamad Al Thani. He is the son of HBJ (one of 15 kids by 2 wives) - HBJ is the former prime minister of Qatar and former head of the QIA. There’s your first link to the state.

Sheik Jassim is the chairman of Qatar Islamic Bank. It conducts its domestic business through 31 branches spread throughout the country, in addition to private centers for ladies (Just to make them feel special, presumably) and dedicated lounges for affluent customers (no riff Ralf allowed).

The single largest shareholder of QIB is the Qatar Investment Authority, Qatars state run sovereign wealth fund. There is your second link to the state. Sheik Jassim was also formerly employed by Credit Suisse. The QIA holds a stake in Credit Suisse.

The QIA's structure and decision-making procedures have been characterized as non-transparent. Spending decisions regarding the fund have been linked to the emir and the prime minister (regardless of whether they sit on the board of the fund).

The QIA was widely reported to have an interest in purchasing Manchester United but due to its involvement in QSI (QSi is subsidiary of QIA) who own PSG they would be barred from doing so, or at least one of the two clubs would be unable to compete in UEFA competitions for fear of the teams being drawn to play each other thus calling into question the integrity of the competition (presumably the Champions League).
Interestingly should any club wish to complain about Utd and PSG being owned by the same people, their first port of call would be the European Clubs' Association, which is chaired by Nasser Al-Khelifa, president of PSG, chairman of Qatar Sports Investment and a member of QIA and UEFA's executive committee.
All roads lead to this being a state buyout of United, funded by state money with Sheik Jassim being the ‘acceptably distanced’ face of the cover up operation, because nobody knows anything much about him - even his spokespeople who could say how old he is, or whether he is married with kids or not.[/COLOR]

Here is a visual aid courtesy of the Daily Mail.
Sorry for the long post, but is that thourough enough? Got to be seen to be being fair to both bids. And not a meme of emoji in sight.

Very good! I do support the theory that QIA or QSI eventually will own United if the Qatari bid is successful, just not right now. Probably after the situation with PSG is resolved and maybe the worst storm of criticism has cleared.

 

[DownRiver]

Definitely happening

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Also, the UK government has no problem in making deals with Qatar.

 

[jasT1981]

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I can see protests bigger than the one that shut down the Liverpool game if they stay.

 

[Chesterlestreet]

Oh so if they own united, you think homosexuals or women will get marginalised?

Oh...again.

Do you really think this is what people are worried about?

 

[romufc]

Oh...again.

Do you really think this is what people are worried about?

OK so what are YOU worried about?

 

[Plant0x84]

Oh so if they own united, you think homosexuals or women will get marginalised?

That already happens in Qatar regardless of if their bid is successful or not. United will just become the acceptable face of it, and the attitude you display in your posts today proves that sport washing is real and is already working before they’ve even spent a dime.
You are focused on, and blinded by fabulous wealth, star signings, space-age new stadium and state of the art training facilities but you need to think clearly what cost all that is coming at.

 

[Compton22]

Definitely happening

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Also, the UK government has no problem in making deals with Qatar.

Now can everyone stop panicking?

 

[UDontMessWith24]

When was the last time the UK or US government persecuted somebody for being homosexual or marginalised and maligned women? How many foreign migrant workers died when we rebuilt Wembley stadium?
This false equivalence needs to stop. There is no comparison between ME Islamic states and democratic western governments. Open your eyes.

How many kids died during Obama’s drone campaign in the ME or the 2003 Iraq war? Now let’s ponder the question of why you believe one evil is preferable to the other. I’ve marched in a pride parade in a midwestern U.S city, led a linen drive for shelters that take in gay kids that have been diss owned by their families, yet keyboard justice warriors in this thread would call me a homophobe simply because I’ll continue to support the club I’ve been supporting since 1990. Western hypocrisy at its finest.

 

[TheReligion]

Now can everyone stop panicking?

Why what’s it mean?

 

[Tiber]

Definitely happening

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Also, the UK government has no problem in making deals with Qatar.

Got to buy Gas somewhere now that Russia is a no no

 

[Bosws87]

When was the last time the UK or US government persecuted somebody for being homosexual or marginalised and maligned women? How many foreign migrant workers died when we rebuilt Wembley stadium?
This false equivalence needs to stop. There is no comparison between ME Islamic states and democratic western governments. Open your eyes.

Nah they just sent someones grandma into a care home completely knowing she had covid and let it spread and kill them.

Laughed and drank while you were locked up in your house being told what to do.

Its just picking your evil as everything is so interconnected in the modern world.

 

[romufc]

That already happens in Qatar regardless of if their bid is successful or not. United will just become the acceptable face of it, and the attitude you display in your posts today proves that sport washing is real and is already working before they’ve even spent a dime.
You are focused on, and blinded by fabulous wealth, star signings, space-age new stadium and state of the art training facilities but you need to think clearly what cost all that is coming at.

Did I say anywhere I agree with anything that happens in Qatar?

Okay, so let me ask you something.. Have you ever banked with Barclays? Used Heathrow Airport? Been to the Shard?

If so you fall into the same category too because you know what, Qatar has majority shares in all of those.

What happens in Qatar, is not right, I agree but its also the same with Child labour, underpaid labour, sexual abuse. In China, Africa etc...

 

[RedDevil@84]

Definitely happening

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Also, the UK government has no problem in making deals with Qatar.

This has been brought up many times when it comes to Saudis and Qataris. Apparently, people go "what can we do about it eh?" when it comes to what govt does, despite claiming to be living in a democracy. Same with using products and businesses into which these countries have invested.

 

[red thru&thru]

Got to buy Gas somewhere now that Russia is a no no

Do you reckon official United members will get discounted prices?!

 

[Plant0x84]

How many kids died during Obama’s drone campaign in the ME or the 2003 Iraq war? Now let’s ponder the question of why you believe one evil is preferable to the other.

You do understand the difference between war and going to work to better your families miserable existence?

 

[Roboc7]

1) the club is losing £2m a week
2) the stadium needs a minimum £1b redevelopment
3) the training ground needs a redevelopment on top of 2)
4) tv money is projected to stagnate next time round
5) the value of the club will diminish in the medium term unless all of the above are tended to. IE there is no better time to sell than now unless they invest a huge amount of money they don’t have, which leads to
6) any minority investor will not look at all this as a good financial investment. There are no more dividends to take out.

all of which, while tragic that it’s even been allowed to happen, and the parasites have brought the club to its knees like all their failed shopping malls, still has me extremely comfortable knowing these rats will be gone shortly and i never have to think about the ped looking creeps again

oh and 7) there will without any doubt be more match stoppages and riots if they backtrack now.

And that’s why the Glazers staying doesn’t make any sense. If they buy out some of the siblings all of the problems you listed still exist but they have loads more debt that can’t be paid off by the club.

The interest rates would be high and it would actually a huge gamble that could see the losing it all.

The other scenario goes against everything they stand for, sell shares and get no money for them. Investment goes into the club and they try to grow the club and get back what they’ve sold and more (which would take a long time).

These articles that name drop Joel and not wanting to leave Old Trafford are just briefed PR and click bait. None of the actually attempt to explain how they could get round all the issues they’d have if they stayed on.

 

[Berbaclass]

Cant it just be coming down because it shot up so high in the first place?

Possible.

My view though is that there is a direct correlation between the Glazers and the share price, obviously.

News breaks that they are selling, it shoots up. News filters through that maybe they won’t, it drops.

The market has zero confidence in them.

 

[romufc]

You do understand the difference between war and going to work to better your families miserable existence?

Do you think those casualties that are walking down the street hit with drone attacks decided to go to war?

Do you think civilian children who have no idea what war is chose war against USA?

Also you have a problem with united being owned by Qatar, whilst the UK government is completing multiple deals is okay?

 

[UDontMessWith24]

You do understand the difference between war and going to work to better your families miserable existence?

You either know very little about the war in Iraq or Obama’s drone campaign or you truly believe the slaughter of innocent Arabs is acceptable collateral damage in a war based on lies. Your moral high ground is imaginary.

 

[DevilRed]

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Nothing new to see here. Qatar have been heavily investing/invested in the UK for 10+ years now.

Thats why there will absolutely be no issues with the regulators should they purchase our club.

 

[Berbaclass]

Do you reckon official United members will get discounted prices?!

 

[LordSpud]

For this story journos don't know much I think. This isn't your 80 million player transfer it's a deal worth billions and these sort of things don't get leaked like transfer rumors. And then to have transfer/sports analysts comment on what is a financial deal makes it more likely they are all bluffing

The journos are only reporting what they can find out from the bidders side as Mike Keegan has with the Qatar bid. The sellers are being very tight lipped about it all apparently no-one knows whats going on from the United side outside of the family.

 

[romufc]

You either know very little about the war in Iraq or Obama’s drone campaign or you truly believe the slaughter of innocent Arabs is acceptable collateral damage in a war based on lies. Your moral high ground is imaginary.

This is the thing, we have to take politics out of this. You have to let countries develop, the reason the UK is where it is now is because of all the changes it has gone through.

There will be so many different scenarios put forward, where will the moral compass stop? If we take moral high ground, no owner should buy us because no one who has 5bn is clean.

 

[Telsim]

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I can see protests bigger than the one that shut down the Liverpool game if they stay.

Right. And how exactly do you imagine this going down? Let's say the sale is called off and by some miracle protests actually happen (they won't).

The Glazers pull the plug and drive away the buyers. Protests happen. The Glazers get uncharacteristically scared and call back all the buyers whose time they just wasted and beg them to come back, which instantly puts them in a disadvantageous position. They finally sell the club and it's happily ever after.

Do people really believe this? If they decide they are not selling, that's it. They will probably soften the blow by lying again, like they did after the Super League fiasco, and buying <insert marquee signing name>. Fans will move on and it's business as usual.

 

[Blood Mage]

At this point it's either Qatar or Joel and Avram scraping enough money together to buy out their siblings. I don't think Ratcliffe and Ineos have a realistic shot at buying the club.

 

[Giggsyking]

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[Mr. Robot]

This "Glazers might not actually sell now" line is getting tiresome already. Why on earth would they pay & hire the Raine Group to handle a sale and go through all of the processes involved to just walk away from 5 BILLION quid?

It's ridiculous that people even believe it.

 

[VP89]

This "Glazers might not actually sell now" line is getting tiresome already. Why on earth would they pay & hire the Raine Group to handle a sale and go through all of the processes involved to just walk away from 5 BILLION quid?

It's ridiculous that people even believe it.

Wasn't raine brought in to consider all investments, including but not limited to a full sale?

 

[LordSpud]

At this point it's either Qatar or Joel and Avram scraping enough money together to buy out their siblings. I don't think Ratcliffe and Ineos have a realistic shot at buying the club.

I said this weeks ago in this thread that it was more likely that the Glazers would stay than Jim Ratcliffe would be the new owner.

 

[Berbaclass]

At this point it's either Qatar or Joel and Avram scraping enough money together to buy out their siblings. I don't think Ratcliffe and Ineos have a realistic shot at buying the club.

Don’t really think they can afford to take a loan that size out.

 

[Frankiekeane]

This "Glazers might not actually sell now" line is getting tiresome already. Why on earth would they pay & hire the Raine Group to handle a sale and go through all of the processes involved to just walk away from 5 BILLION quid?

It's ridiculous that people even believe it.

I’d imagine their using the clubs money to handle the sale so either way won’t cost them a penny

 

[Mr. Robot]

Wasn't raine brought in to consider all investments, including but not limited to a full sale?

Probably - but even then, they're not going to just turn away from a massive pile of cash. Why would they? It doesn't even make sense.

"Oh, let's keep Utd for now actually - I love Ten Hag's bald head."

We know the Glazers are cretins but they're not that stupid. They are all about money and £5 billion is a lot more than the dividends which they want to take every year.

 

[Coxy]

At this point it's either Qatar or Joel and Avram scraping enough money together to buy out their siblings. I don't think Ratcliffe and Ineos have a realistic shot at buying the club.

Why? What have I missed

 

[MTF]

Don’t really think they can afford to take a loan that size out.

Who?

 

[Rolaholic]

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The PR battle has been half as interesting as the actual developements regarding the sale

 

[Mr. Robot]

Why? What have I missed

Absolutely nothing. A Ducker piece saying "The Glazers might not sell." They're playing hardball. It's classic negotiation tactics.

It's like with player transfers. You always get the rollercoaster ride of good tweet - bad tweet - good tweet - bad tweet - Done Dealio.

 

[TheReligion]

Right. And how exactly do you imagine this going down? Let's say the sale is called off and by some miracle protests actually happen (they won't).

The Glazers pull the plug and drive away the buyers. Protests happen. The Glazers get uncharacteristically scared and call back all the buyers whose time they just wasted and beg them to come back, which instantly puts them in a disadvantageous position. They finally sell the club and it's happily ever after.

Do people really believe this? If they decide they are not selling, that's it. They will probably soften the blow by lying again, like they did after the Super League fiasco, and buying <insert marquee signing name>. Fans will move on and it's business as usual.

Why are you always getting digs in at the match going fans and anti glazer movement? Seems like an agenda.

 

[Telsim]

This "Glazers might not actually sell now" line is getting tiresome already. Why on earth would they pay & hire the Raine Group to handle a sale and go through all of the processes involved to just walk away from 5 BILLION quid?

It's ridiculous that people even believe it.

Raine was hired to evaluate options. That includes many things, not just sale. And the parasites will walk away from 5 billion quid if they believe the club will cost 10 billion in 10 years, by which point they will have taken another additional 1 billion out of the club.

 

[Berbaclass]

Who?

Avram and Joel.

 

[Mr. Robot]

Raine was hired to evaluate options. That includes many things, not just sale. And the parasites will walk away from 5 billion quid if they believe the club will cost 10 billion in 10 years.

Hard disagree. They don't even know what's going to happen in a few years let alone a decade.

This is from Forbes just yesterday:


What is their net worth?
Forbes estimated the family’s worth at £3.9 billion.

What do the Glazer family own?
Glazer’s six children, Avram, Bryan, Darcie, Edward, Joel and Kevin, own United after he acquired the bulk of the club's shares through the investment firm Red Football Ltd in 2005.

The six Glazer children each received an equal share of their father’s 90 per cent controlling stake after he died in May 2014 due to a protracted illness following a stroke.

Since their father's stroke in April 2006, Joel and Avram have been in charge of overseeing the day-to-day operations of the club. They are co-chairmen and Bryan, Darcie, Edward and Kevin serve as directors.

Avram Glazer offered shares worth £70 million for sale in March 2021.


As a collective, they're currently "only" worth £3.9 billion. Qatar are going to come in with FIVE BILLION cash, no issue. They're going to sell, it's just a matter of when and not if.