Club Sale | It’s done!

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DOTA

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I suspect that neither party want united because of financial purposes. Its more about greenwashing/sportswashing. Now its a matter if how money both parties are willing to spend on such practices
Greenwashing?
 

Zen86

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It’s nothing like what the Glazers did - INEOS have clearly stated no new debt will be leveraged against the club. The club will be debt free.
I really don’t see INEOS paying £6bn, wiping the debt, and building new facilities including stadium and training ground from their own pockets. If they do then great. But I don’t see it. Personally I don’t buy into the PR narrative that he’s been towing throughout this. He talks a good game about community and being a local lad but he’s just another businessman at the end of the day, in it for his own end.

How the funk is it similar to the Glazers man? The biggest company the Glazers owned was Manchester United, with a measly profit in it’s best years of 100m and revenues of 600-700m.
INEOS turns over 65bn, and has annual profits of 2bn.

United was liable to pay all debt under the Glazers, they had no other income streams do it. Under INEOS all debt with be moved to the much much bigger company and none on the football club.

It’s absolutely nothing like Glazer ownership. It’s ok to prefer Qatari oil money without having to post absolute nonsense regarding INEOS bid.
Always so aggressive :lol: . And who said they preferred Qatari oil money? Try reading my post again.
 

MTF

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Fair enough but if this is indeed the case why hasn't it been more widely reported?
The sports media aren't exactly the most in-the-weeds when it comes to finances. INEOS could make it more known via their PR, but I guess they either don't think that "the debt won't be on the club, but on the holding company" will play that well with the fans, or they will still place some portion of debt on the club (after re-financing) and in that case the less said the better (from their pov).

But it's kinda moot if Qatar are going to bid GBP 6 billy.
 

Berbaclass

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The sports media aren't exactly the most in-the-weeds when it comes to finances. INEOS could make it more known via their PR, but I guess they either don't think that "the debt won't be on the club, but on the holding company" will play that well with the fans, or they will still place some portion of debt on the club (after re-financing) and in that case the less said the better (from their pov).

But it's kinda moot if Qatar are going to bid GBP 6 billy.
Well of course but there have been tonnes of actual financial experts etc who have discussed the topic. Not to mention why wouldn't INEOS themselves push it as positive PR for them.
 

Plant0x84

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I really don’t see INEOS paying £6bn, wiping the debt, and building new facilities including stadium and training ground from their own pockets. If they do then great. But I don’t see it. Personally I don’t buy into the PR narrative that he’s been towing throughout this. He talks a good game about community and being a local lad but he’s just another businessman at the end of the day, in it for his own end.



Always so aggressive :lol: . And who said they preferred Qatari oil money? Try reading my post again.
There is no helping some people.
 

cyberman

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Yes it has been reported.
Change of control clause is in the loan arrangements with the Glazers. You can see them yourself on messier1994 Twitter feed (Swedish Rumble)
He’s just a poster on here. Why present this as an authority?
 

Plant0x84

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Could they not have just agreed to refinance? That seems fairly plausible.
The difference is the ‘new debt’ to refinance the existing debt will be born by INEOS not United. The club will effectively be debt free.
And before you go down a well trodden path INEOS can actually benefit from the extra debt in a taxation sense, and it has also been suggested they could convert the debt to equity in the club and sell shares to fans. That would be a win win.
 

Plant0x84

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He’s just a poster on here. Why present this as an authority?
Because he has presented the evidence to back up what he is saying. Go and read the loan documents yourself. It’s not made up or somebody’s opinion but actual financial agreement documents between the Glazers and the banks.
Also he is a corporate lawyer and he’s experience in this field ( mergers and ) so he knows what he’s talking about.
 

Compton22

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Seems like we can put to bed the possibility of minority investment, the
Glazers are 100% invested in a full sale
 

Rojofiam

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Let's hope the Qataris are serious about not overpaying, and that Ratcliffe will do that instead...sadly I don't see too many other ways of us avoiding being state owned.
 
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