Club Sale | It’s done!

[stevoc]

So is his father the guy who actually owns PSG?

No Qatar own PSG through QSI. Sheikh Jassim's father is HBJ the former Prime Minister of Qatar and uncle to the Emir.

 

[ShinjiNinja26]

Anyone know when we find out any developments? Is there another deadline?

There’s been reports the Glazers/Raine group want this all wrapped up by the end of March so I suspect things will pick up over the next few weeks.

 

[Marcelinho87]

There’s been reports the Glazers/Raine group want this all wrapped up by the end of March so I suspect things will pick up over the next few weeks.

They are also angry that stuff leaked so maybe we won't know until the very end.

 

[Raoul]

Yep, very good video and gives us a good idea of who is actually buying United (or at least trying to).

Given that his old man isn't that rich (1-2billion max), I'd be interested to know what the source of funding for his son's bid is given that there's no way the son is remotely rich enough to buy United outright. I'd be surprised if he's worth more than a billion. Who then, is putting up the money to buy United with no debt, loans, etc., and also promise new infrastructure ?

 

[Zaphod2319]

How did you justify Romans money to yourself in the end? We all need some tips if it happens and most Chelsea fans will be best placed to explain what having no morals is like.

My son is in his first year of college. I became a Chelsea fan because Chelsea sent a youth coach from Cobham to train my son's U14 team. I missed all uproar about him being Russian. I was more concerned with how he used his money in Israel. By the looks of this thread, I would say you are already there. Just get used to all the things you have said about Man City coming home to roost, if you become Qatar United.

 

[LawCharltonBest]

Anyone know when we find out any developments? Is there another deadline?

On Monday, Wall Street Journal said that Raine and the Glazers will spend the next "week or so" evaluating the offers and narrowing them down. So I doubt we'll hear much for the rest of February. Hopefully get an idea on who the likely buyers are in early March

 

[Roboc7]

Other than the Glazers just cling on for another 1-3 years and hope they can attract bigger offers despite leading everyone up the garden path this year I still haven’t seen any sensible and plausible explanation of why they won’t sell.

Even the above isn’t very sensible given the rising debt, losses and lack of growth but could be motivated by their greed. Obviously it could fall apart from the bidder’s perspective but no one talking about the Glazers staying seems to present any explanation at all let alone a substantial one.

 

[Castia]

If they don't sell now the stock price will absolutely plummet and they run the risk of current bidders like Qatar telling them to go feck themselves in the future

They will sell lets just hope its not to a stupid hedge fund

 

[stevoc]

Given that his old man isn't that rich (1-2billion max), I'd be interested to know what the source of funding for his son's bid is given that there's no way the son is remotely rich enough to buy United outright. I'd be surprised if he's worth more than a billion. Who then, is putting up the money to buy United with no debt, loans, etc., and also promise new infrastructure ?

I think most of us have come to the same conclusion as HITC Sevens.

Ratcliffe is personally worth £12-15b. His company has a turnover of £30-60b per year with £2-3 in profits. So if he needs finance to buy United then considering what Sheikh Jassim is promising full purchase, debt free, new stadium etc. But apparently wont need to borrow a penny. Then there's only one likely source for this funding.

However they want to dress it up this is a state funded bid.

 

[Blood Mage]

Hearing no new noises coming from Qatar and plenty of noise coming from the US now. Not a good sign.

 

[Berbaclass]

Other than the Glazers just cling on for another 1-3 years and hope they can attract bigger offers despite leading everyone up the garden path this year I still haven’t seen any sensible and plausible explanation of why they won’t sell.

Even the above isn’t very sensible given the rising debt, losses and lack of growth but could be motivated by their greed. Obviously it could fall apart from the bidder’s perspective but no one talking about the Glazers staying seems to present any explanation at all let alone a substantial one.

I don't think they are in much of a financial position to do so. The club has no money.

 

[Berbaclass]

Hearing no new noises coming from Qatar and plenty of noise coming from the US now. Not a good sign.

It's not particularly a sign of anything other than speculation.

 

[DOTA]

Other than the Glazers just cling on for another 1-3 years and hope they can attract bigger offers despite leading everyone up the garden path this year I still haven’t seen any sensible and plausible explanation of why they won’t sell.

Even the above isn’t very sensible given the rising debt, losses and lack of growth but could be motivated by their greed. Obviously it could fall apart from the bidder’s perspective but no one talking about the Glazers staying seems to present any explanation at all let alone a substantial one.

There's been a lot of talk that the Premier League is in the process of definitively seeing off its opposition at the moment and were that the case then its clubs will probably continue to dramatically rise in value in the next few years. Does that not work as an argument for clinging on?

I don't know. I very much think they're selling up.

 

[Tiber]

Given that his old man isn't that rich (1-2billion max), I'd be interested to know what the source of funding for his son's bid is given that there's no way the son is remotely rich enough to buy United outright. I'd be surprised if he's worth more than a billion. Who then, is putting up the money to buy United with no debt, loans, etc., and also promise new infrastructure ?

Read a story yesterday (or could have been the Athletic Football Podcast) which said his dad owned half of Qatar Airways when it was puchased by the state and has a stake in something like 1/3 the companies on the Qatar stock exchange. Ontop of the property he owns in London and New York.

Would be pretty shocked if the 1-2 billion figure that has been reported is close to accurate.

 

[Ish]

Other than the Glazers just cling on for another 1-3 years and hope they can attract bigger offers despite leading everyone up the garden path this year I still haven’t seen any sensible and plausible explanation of why they won’t sell.

Even the above isn’t very sensible given the rising debt, losses and lack of growth but could be motivated by their greed. Obviously it could fall apart from the bidder’s perspective but no one talking about the Glazers staying seems to present any explanation at all let alone a substantial one.

The only reason I’m able to think of, just off the top of my head: no bid matches their valuation & seemingly with the club on the upward trajectory under EtH, they might risk 1-3 years (as you pointed out) of UCL income plus other sponsorship renewals and growth, to bolster income, to try and sell for their valuation in a couple of years.

Meaning they won’t invest much more in the squad or in infrastructure to keep debt as low as possible etc. Pretty risky from their side but they’ll just continue using the club to pay the debt and for itself, and try and get their valuation. I see no reason why the club cannot continue doing that for them, in fairness.

But yeah, let’s hope they end up selling. Considering the spend on infrastructure needed, stadium etc. their valuation is probably a little “optimistic”.

 

[Revan]

Given that his old man isn't that rich (1-2billion max), I'd be interested to know what the source of funding for his son's bid is given that there's no way the son is remotely rich enough to buy United outright. I'd be surprised if he's worth more than a billion. Who then, is putting up the money to buy United with no debt, loans, etc., and also promise new infrastructure ?

I think his father net worth was reported to be 2B, but at the same time that number wa mentioned to be very very conservative. Having been the chairman of Qatar’s sovereign fund (QIA) and best mates with the old Emir, he might be worth considerably more than that. Still, even if he is worth 10B (probable) spending 5B to buy United then infrastructure and debt, so essentially 7B is way too much, no one really does that.

Occam Razer and all that, the most likely scenario is that Qatar’s sovereign fund is behind the proposed takeover. Sure, we can imagine a scenario where Jassim, his father and some other Qatari people teamed up, but I think it is far less likely than the obvious choice, QIA.

 

[clarkydaz]

Hearing no new noises coming from Qatar and plenty of noise coming from the US now. Not a good sign.

Quatar have said all they can, and been told to be quiet

 

[horsechoker]

No news is good/bad news

 

[TMS]

Is anyone seriously doubting that the Qatar bid is state backed behind the scenes? I haven’t seen anyone arguing that. So it seems strange that there is so much attention being brought to the fact that it is, when no one is disagreeing from what I can see. It’s only been done in this way to circumvent UEFA rules that have already been circumvented elsewhere. Seems a complete non-issue to me no?

 

[Sweet Square]

Annoying John Oliver type voice, but quality content. Thoroughly enjoyed this.

Great video. Any United fan thinking this is just some private individual buying the club is really lying to themselves.

 

[TheReligion]

My son is in his first year of college. I became a Chelsea fan because Chelsea sent a youth coach from Cobham to train my son's U14 team. I missed all uproar about him being Russian. I was more concerned with how he used his money in Israel. By the looks of this thread, I would say you are already there. Just get used to all the things you have said about Man City coming home to roost, if you become Qatar United.

So basically you had no issues with where Romans money came from but are happy to lecture others that they should be?

Interesting.

 

[Hughie77]

Why wouldn’t they? It’s not something decided yesterday, will have long been in pipeland, was absolutely due, looks better on financial forecasts when Qatar and INEOS do due diligence etc.
Just because the club is up for sale doesn’t mean you stop running it.

Why put up tickets if your not going to be there? Why not leave that to the new owners? If it looks like a duck and walks like a duck it's a duck. And they also said Tickets would not go up , said last season if I remember.

 

[MDFC Manager]

Hearing no new noises coming from Qatar and plenty of noise coming from the US now. Not a good sign.

Gone quiet after Raine asked everyone to STFU. Wouldn't worry about it

 

[Berbaclass]

My son is in his first year of college. I became a Chelsea fan because Chelsea sent a youth coach from Cobham to train my son's U14 team. I missed all uproar about him being Russian. I was more concerned with how he used his money in Israel. By the looks of this thread, I would say you are already there. Just get used to all the things you have said about Man City coming home to roost, if you become Qatar United.

Difference is we didn't buy success with somebody else's money.

 

[AltiUn]

So basically you had no issues with where Romans money came from but are happy to lecture others that they should be?

Interesting.

Aye, the lack of self-awareness from Chelsea fans is borderline staggering.

 

[Zaphod2319]

Difference is we didn't buy success with somebody else's money.

Sounds like people are already spending their money on the new stadium even before the deal has been negotiated.

 

[Loon]

It's supposed to be weeks before Raine finish with all the submissions, so silence is to be expected.

 

[Spoony]

Aye, the lack of self-awareness from Chelsea fans is borderline staggering.

He's only a new Chelsea fan to be fair.

 

[Berbaclass]

Sounds like people are already spending their money on the new stadium even before the deal has been negotiated.

Who says it will be a new stadium, redevelopment is an option.

 

[Berbaclass]

He's only a new Chelsea fan to be fair.

Aren't they all?

 

[Rightnr]

Sounds like people are already spending their money on the new stadium even before the deal has been negotiated.

Sounds like you are wumming. Being a nothing club like City (and for the most part Chelsea) is not the same as United being robbed of their own money for two decades to bring us to a state where we cannot compete with the likes of your financial doping selves.

 

[Zaphod2319]

Sounds like you are wumming. Being a nothing club like City (and for the most part Chelsea) is not the same as United being robbed of their own money for two decades to bring us to a state where we cannot compete with the likes of your financial doping selves.

I was asked a question, I answered it.

 

[Berbaclass]

Sounds like you are wumming. Being a nothing club like City (and for the most part Chelsea) is not the same as United being robbed of their own money for two decades to bring us to a state where we cannot compete with the likes of your financial doping selves.

Enough money to build a new stadium coincidentally.

 

[AltiUn]

I was asked a question, I answered it.

Poorly, in fairness.

 

[Rightnr]

I was asked a question, I answered it.

Your understanding of our situation is comparable to Boehly's of doing transfers.

 

[UDontMessWith24]

My son is in his first year of college. I became a Chelsea fan because Chelsea sent a youth coach from Cobham to train my son's U14 team. I missed all uproar about him being Russian. I was more concerned with how he used his money in Israel. By the looks of this thread, I would say you are already there. Just get used to all the things you have said about Man City coming home to roost, if you become Qatar United.

We could give two s***s, and here's why. Chelsea and City's current status is 100% dependable on their respective takeovers. City and Chelsea without the takeovers would have ZERO league titles, and ZERO champions leagues. United not only achieved what we've achieved without a sugar daddy owner, but went toe to toe with Chelsea and City under grifting owners until SAF retired. Get used to that.

 

[Fluctuation0161]

I think most of us have come to the same conclusion as HITC Sevens.

Ratcliffe is personally worth £12-15b. His company has a turnover of £30-60b per year with £2-3 in profits. So if he needs finance to buy United then considering what Sheikh Jassim is promising full purchase, debt free, new stadium etc. But apparently wont need to borrow a penny. Then there's only one likely source for this funding.

However they want to dress it up this is a state funded bid.

Absolutely. It seems obvious when you look into it just a little bit.

 

[LordSpud]

How are rival fans even allowed in the United side of the forum? Should be restricted to everything else. Its bloody weird.

 

[Plant0x84]

Annoying John Oliver type voice, but quality content. Thoroughly enjoyed this.

The links to Al Qaeda and ISIS - not least state funding of Bin Laden is extremely concerning. I don’t want the club associated with that. That’s a whole other level from the homophobia and misogyny.
This could potentially turn into a Chelsea type situation where we find ourselves sanctioned by the government and up for a quick fire sale - which is where ropey hedge funds could get involved.

 

[Plant0x84]

I think most of us have come to the same conclusion as HITC Sevens.

Ratcliffe is personally worth £12-15b. His company has a turnover of £30-60b per year with £2-3 in profits. So if he needs finance to buy United then considering what Sheikh Jassim is promising full purchase, debt free, new stadium etc. But apparently wont need to borrow a penny. Then there's only one likely source for this funding.

However they want to dress it up this is a state funded bid.

Absolutely. It’s obvious to anyone whose head isn’t in the sand.

Ironic too that people criticise SJR for not having the find to afford the purchase.