Club Sale | It’s done!

Status
Not open for further replies.

alexthelion

Full Member
Joined
Sep 7, 2019
Messages
3,624
Why would you ignore one of the more level headed, common sense sensible posters on here?
Guess he said something that didn’t parrot your own opinions? Incredible.

The problem with the Glazer debt is that it has never been paid down and they have still be taking dividends out of the club.
The leveraged buyout should never have been allowed to happen, but if they had paid their way before taking money out it wouldn’t have been so bad as it is.
If INEOS (or anyone else) wants to take out debt to pay their way then so be it - it’s a normal part of business and not to be feared. Even more so the fact that we have been told INEOS will bear the debt and the club will have ‘no new debt’.
:lol:
 

Bert_

Full Member
Joined
Sep 7, 2022
Messages
1,550
Location
Manchester
How is all that going to be paid for? More loans?
Yes. Like all infrastructure investment for multi-billion companies. What football club has ever built/bought a stadium outright? Even if Qatar take over, they won't just drop billions on a stadium. It will be financed via all sorts of financial shenanigans. Billionaires and billion dollar companies (including nation states that act like them) don't spend their own money on anything. Why take on sole liability when you don't have to?
 

Sir Erik ten Hag

Full Member
Joined
May 21, 2022
Messages
1,232
It was supposed to be this week when the second bid comes in, right? Hope this wraps up soon and we can move on from these boring back-and-forth.
 

enghuei

Cheats at Tetris
Joined
Jan 7, 2006
Messages
2,417
Location
6793 miles away from Manchester
I really hope this measured approach will be applied to the football side as well. My only worry (from a football point of view) is signings big names that aren’t a good fit just to make headlines. All they need to do is get with ETH and figure out a few DOFs that he can work with and go get one of them.
Both public bidders are reportedly keen to continue working with EtH. I guess they are not stupid enough to mess with the upward momentum that the club is experiencing right now.

It was supposed to be this week when the second bid comes in, right? Hope this wraps up soon and we can move on from these boring back-and-forth.
Yes, apparently all second bids need to be submitted by this Wednesday.
 
Last edited:

UDontMessWith24

Full Member
Joined
Apr 9, 2011
Messages
4,023
Both public bids are reportedly keen to continue working with EtH. I guess they are not stupid enough to mess with the upward momentum that the club is experiencing right now.


Yes, apparently all second bids need to be submitted by this Wednesday.
Of course they’re going to say that now, but when there’s an opportunity for a blockbuster and ETH doesn’t sign off, will that be good enough for them in the moment or will they go over his head? From what I’m reading about them it sounds like they conduct business in a way that’s closer to City’s owner than PSG’s, but it’s my major concern from a football POV. It’s a concern for INEOS too but they can’t do something like buying Neymar for a laugh.
 

enghuei

Cheats at Tetris
Joined
Jan 7, 2006
Messages
2,417
Location
6793 miles away from Manchester
Of course they’re going to say that now, but when there’s an opportunity for a blockbuster and ETH doesn’t sign off, will that be good enough for them in the moment or will they go over his head? From what I’m reading about them it sounds like they conduct business in a way that’s closer to City’s owner than PSG’s, but it’s my major concern from a football POV. It’s a concern for INEOS too but they can’t do something like buying Neymar for a laugh.
Your concern is valid, but again I do not think both bidders are dumb enough to part ways with EtH, at least not for another 2-3 seasons, unless there is a catastrophic drop off in United's results.
 
Last edited:

enghuei

Cheats at Tetris
Joined
Jan 7, 2006
Messages
2,417
Location
6793 miles away from Manchester
You know a lot of SJR fanboys were raving about OGC Nice's supposed good form in Ligue 1 but after last weekends results, they have only recorded 1 win in the last 5 league matches and are languishing at 7th place, 6 points adrift from the last available European slot.

So much for being the form team ya?
 
Last edited:

sglowrider

Thinks the caf is 'wokeish'.
Joined
Dec 27, 2009
Messages
25,217
Location
Hell on Earth
Of course they’re going to say that now, but when there’s an opportunity for a blockbuster and ETH doesn’t sign off, will that be good enough for them in the moment or will they go over his head? From what I’m reading about them it sounds like they conduct business in a way that’s closer to City’s owner than PSG’s, but it’s my major concern from a football POV. It’s a concern for INEOS too but they can’t do something like buying Neymar for a laugh.
Its in ETH's contact apparently that he has a say or even final say on a transfer.

Regardless, any United fan, a 70y.o or a 40y.o will know that we are on an upward trajectory on the footballing side. They will not touch it for now. The Qatar team has said that they would do a review when they come in.

In the short run, the chances are that Murtough & team will stay and maybe be offered bigger financial budgets to operate under and asked what his wish lists are with fewer financial constraints.
 

sglowrider

Thinks the caf is 'wokeish'.
Joined
Dec 27, 2009
Messages
25,217
Location
Hell on Earth
You know a lot of SJR fanboys were raving about OGC Nice's supposed good form in Ligue 1 but after last weekends results, they have only recorded 1 win in the last 5 league matches and are languishing at 7th place, 6 points adrift from the last available European slot.

So much for the in form team ya?
Its all about marginal gains.
 

croadyman

Full Member
Joined
Mar 9, 2018
Messages
34,790
Then why are some people so worried about them buying Liverpool instead?
The thought of handing Qatari ownership to the scousers makes me sick to my stomach. Yes I will admit Ratcliffe is a better owner for morality but don't want scousers dominating us like City have done so comprehensively in last few years
 

croadyman

Full Member
Joined
Mar 9, 2018
Messages
34,790
That horse bolted a long while back. If you don't want a nation to own the club then speak to your MP or write to the FA/Premiership and change ownership rules. Football needs the investment to keep the Premiership at the very top and have the best in class playing for our clubs. I would think very few people have your moral compass where business and money are concerned (That is if you're genuine in your stand).

Go on tell those working families earning a living and financially benefitting from Qatari investments to leave their work due to them being evil. You'll be well received.
Yeah the horse bolted in summer of 2003 when Abramovich arrived here. Then of course City jumped on bandwagon in 2008 and Newcastle most recently.

The Premier League should have never allowed any of these takeovers to happen. Like I have said in previous posts IF state ownership wasn't a thing then would fully back Ratcliffe's bid.
 

colombianmancunian

New Member
Newbie
Joined
Aug 26, 2022
Messages
732
Yeah the horse bolted in summer of 2003 when Abramovich arrived here. Then of course City jumped on bandwagon in 2008 and Newcastle most recently.

The Premier League should have never allowed any of these takeovers to happen. Like I have said in previous posts IF state ownership wasn't a thing then would fully back Ratcliffe's bid.
It’s a free market man! Don’t worry, when Qatar buys us and expands our war chest, that together with the income we generate, will put us above any other club financially speaking.
 

sglowrider

Thinks the caf is 'wokeish'.
Joined
Dec 27, 2009
Messages
25,217
Location
Hell on Earth
Not sure if Jassim appreciates the timing of this article but....


Qatar's Manchester United takeover could monetize new Mideast fan base


A CLV Group analysis found that Manchester only monetizes around 1% of its 1.1 billion fans, which contributes to at least £700 million ($850 million) in revenue. “The CLV Group analyzed the US, India and Indonesian marketplaces previously, and across just three markets, we've been able to find through digital propositions such as web3, virtual match day experiences and streaming services that Manchester United can add between £250-£300 million ($300-$425 million) in revenue, which adds £1.5-£2 billion ($1.8-$2.4 billion) in market/enterprise valuation,” Joyce told Al-Monitor.

“When you factor the 400 million plus people across the Middle East who have an affinity for sport but are not loyal to one team presently, there would be a further £100 million ($120 million) of revenue potential opportunity for Manchester United to directly monetize its fans in those areas as well,” he added.
This is where I think the Qatar approach differs from the multi-club ownership approach of INEOS. Thus the media/tech guys from BOA come in. You combine them with what properties/assets that Qatar already have in place.... This is why I suspect the Qatar group will come much closer to the Glazers' valuation. Internally they probably see much bigger revenue projections from more different, new revenue streams (and therefore valuation) than a sporting-focused group like the INEOS.

A contemporary digitalized ecosystem-based business model versus a more conventional business model.
 
Last edited:

devilish

Juventus fan who used to support United
Joined
Sep 5, 2002
Messages
61,714
So what? Does it really matter if he has a Chelsea teddy bear and wears blue pants? No it doesn’t. What matters is what his plans are and how he is going to finance them
That post was in response to those who believe that SJR isn't a Chelsea season ticket holder and that he bid for Chelsea because he wanted to buy us.
 

devilish

Juventus fan who used to support United
Joined
Sep 5, 2002
Messages
61,714
You know a lot of SJR fanboys were raving about OGC Nice's supposed good form in Ligue 1 but after last weekends results, they have only recorded 1 win in the last 5 league matches and are languishing at 7th place, 6 points adrift from the last available European slot.

So much for the in form team ya?
Lausanne sometimes win games you know?
 

red thru&thru

Full Member
Joined
Mar 2, 2004
Messages
7,657
Again, and I know it's tricky to actually read people's posts, but I'll spell it out regardless, my original post stated that ALL bids are from business men wanting to make money.
That includes INEOs.

If you feel a small club hindered by FFP should be able to compete with a FFP dodging behemoth with a decade head start within three years then you obviously don't have much sense, but that much is obvious from some of what you have been saying in this thread.
And a person who likes to talk about "facts" doesn't clearly like it when "facts" is used to dispell their argument. So, the fact that OGC Nice have regressed post INEOS purchase, and the fact that SJR said he'll be making OGC Nice compete against PSG, the fact is, he hasn't!

Pretty clear factual sense. :)
 

MDFC Manager

Full Member
Joined
Dec 26, 2005
Messages
24,307
That post was in response to those who believe that SJR isn't a Chelsea season ticket holder and that he bid for Chelsea because he wanted to buy us.
That's one of the weirdest takes I've heard on here. fecking bizarre that people would believe it.
 

MDFC Manager

Full Member
Joined
Dec 26, 2005
Messages
24,307
And a person who likes to talk about "facts" doesn't clearly like it when "facts" is used to dispell their argument. So, the fact that OGC Nice have regressed post INEOS purchase, and the fact that SJR said he'll be making OGC Nice compete against PSG, the fact is, he hasn't!

Pretty clear factual sense. :)
It appears to be the kind of management that even the glazers would be proud of.
 

devilish

Juventus fan who used to support United
Joined
Sep 5, 2002
Messages
61,714
And a person who likes to talk about "facts" doesn't clearly like it when "facts" is used to dispell their argument. So, the fact that OGC Nice have regressed post INEOS purchase, and the fact that SJR said he'll be making OGC Nice compete against PSG, the fact is, he hasn't!

Pretty clear factual sense. :)
INEOS CEO also promised Lausanne European football. They got them relegated twice. But hey Ineos is so sustainable and smart. Also you can't expect INEOS to be able to compete for the title against mighty Young Boys and Basel.
 

Micky Targaryen

Full Member
Joined
Nov 3, 2017
Messages
1,345
Location
Malaysia
If you are pro-Qatar (and I have to say it seems that way from your activity in this thread) then yes, you absolutely are advocating state funding.
I know you don’t agree, but I believe Sir Jim’s main goal is absolutely NOT about profit. I know INEOS is a business, but they are also just his own investment vehicle.
Ask yourself, what profit does he take from Nice or Lausanne? How much does he make from Sir Ben Aynsley and his sailing team or Eliud Kipchoge?
Is it not possible that the guy just enjoys sport? Is it not plausible being from the area that he genuinely is a fan of the club? (And I don’t mean that as the be all and end all because it isn’t, but it’s certainly a driver in his desire to own the club)
Is it really so unbelievable that a 70 yr old billionaire wants to invest his cash in a legacy?
Apologies for attacking this post, but posts like these are so cringey. Are we going to pretend like we know what goes through SJR or any other billionaires mind? Do you really know what his true motives are? Can you absolutely guarantee that he isnt't profit driven? Do you actually know the bloke??

Regarding Qatar state funding, of which I know you're against: You're asking is it not plausible that SJR is genuine and he enjoys sport etc. I can turn it around and ask that is it not plausible that Jassim is genuine too and he enjoys his sport too? Is it plausible that Jassim will not reply on state funds to run our club?

Look, I'm not necessarily pro-Qatar or pro-other bidders, but I'm not gonna pretend like I know my shit about these billionaires. It's perfectly fine if you prefer SJR over Jassim, but at the end of the day we know close to nothing about these blokes and can only rely on dodgy journalists and tweets.
 

sglowrider

Thinks the caf is 'wokeish'.
Joined
Dec 27, 2009
Messages
25,217
Location
Hell on Earth
That's one of the weirdest takes I've heard on here. fecking bizarre that people would believe it.
Then again... just think how many members there are of the flat earth society there are out there? Anything is possible if people insist on believing what they want to believe.
The other is that its insisting that it will be bought by the Qatar sovereign fund. We don't know the composition of the 92 Foundation yet. Just because he may not have the funds to buy United personally, doesn't mean he cant put together a consortium of people, depending on the business model of the 92 Foundation -- and then buy United.

Its so ol' school, anachronistic --- to think that you can only buy the item if and when you have the money. That's so 1970s. No startup or silicon valley tech company would have existed based on that archaic idea.
 

devilish

Juventus fan who used to support United
Joined
Sep 5, 2002
Messages
61,714
Upon checking, Lausanne is currently third in the league. A respectable position.

Third in the second tier of Swiss football pyramid.
INEOS can't stop delivering

"We hope and expect that this new investment in the team will take Football Club Lausanne-Sport forward to further success, and we see no reason why this could not mean playing in Europe.”

On the other hand you can't expect INEOS to be able to compete with all those oil rich tycoons who own all the clubs in the Swiss league
 

enghuei

Cheats at Tetris
Joined
Jan 7, 2006
Messages
2,417
Location
6793 miles away from Manchester
Another team in Ineos football portfolio, Racing Club d'Abidjan, is 9th out of 16 teams in Ivory Coast Ligue 1.

Mid table position, but much better as compared to FC Laussane-Sport who are in division 2.

Looking at the performances of Ineos' football teams, as compared to targets and goals set by Ineos when these teams were purchased, I would use a famous quote by Jose to describe Ineos football operation so far: They are specialists in failure.
 

red thru&thru

Full Member
Joined
Mar 2, 2004
Messages
7,657
Not sure if Jassim appreciates the timing of this article but....


Qatar's Manchester United takeover could monetize new Mideast fan base




This is where I think the Qatar approach differs from the multi-club ownership approach of INEOS. Thus the media/tech guys from BOA come in. You combine them with what properties/assets that Qatar already have in place.... This is why I suspect the Qatar group will come much closer to the Glazers' valuation. Internally they probably see much bigger revenue projections from more different, new revenue streams (and therefore valuation) than a sporting-focused group like the INEOS.

A contemporary digitalized ecosystem-based business model versus a more conventional business model.
A great find this is. And yeah, I was wondering why the BofA tech guy was working so close with Jassim on this. Makes sense now.

I wonder if Jassim and team have been talking to Tezos and looked at what their plans are already.
 

red thru&thru

Full Member
Joined
Mar 2, 2004
Messages
7,657
INEOS CEO also promised Lausanne European football. They got them relegated twice. But hey Ineos is so sustainable and smart. Also you can't expect INEOS to be able to compete for the title against mighty Young Boys and Basel.
How dare you not use sense into your argument. Such factual use in an argued (when not used to push your agenda) is not valid.
 

Champ

Refuses to acknowledge existence of Ukraine
Joined
Jun 17, 2017
Messages
9,888
And a person who likes to talk about "facts" doesn't clearly like it when "facts" is used to dispell their argument. So, the fact that OGC Nice have regressed post INEOS purchase, and the fact that SJR said he'll be making OGC Nice compete against PSG, the fact is, he hasn't!

Pretty clear factual sense. :)
I'd say Nice would be quietly happy with their season so far, good chance of making a European final still which would be massive for the club.

But of course we don't have a benchmark for the Qatari bid as they have never run a football club before.
So can one assume that it'd be smooth sailing and perfect with Qatari owners?
 

enghuei

Cheats at Tetris
Joined
Jan 7, 2006
Messages
2,417
Location
6793 miles away from Manchester
I'd say Nice would be quietly happy with their season so far, good chance of making a European final still which would be massive for the club.

But of course we don't have a benchmark for the Qatari bid as they have never run a football club before.
So can one assume that it'd be smooth sailing and perfect with Qatari owners?
Of course not. We do not have enough info and data for that.

But if we look at the performances of Ineos football operation since its founding , which has been underwhelming at best so far, it would be indeed worrying if they end up being the owners of United.

If give a choice between an unknown quantity who talks a good game, against a known entity that has proven to be unsuccessful in the past and has a less impressive PR offensive (in my opinion) compared to its competitor, which one would you choose?

For me, it is a no brainer.
 

sglowrider

Thinks the caf is 'wokeish'.
Joined
Dec 27, 2009
Messages
25,217
Location
Hell on Earth
A great find this is. And yeah, I was wondering why the BofA tech guy was working so close with Jassim on this. Makes sense now.

I wonder if Jassim and team have been talking to Tezos and looked at what their plans are already.
Its a generational battle. The younger, digital guys versus the old conglomerate, brick & motar model of business building.

Tezos will be one of the digital enablers -- imagine then sponsors that want to work with United in this more digitally transformed business model will be partners rather than just sponsors.
It then makes it a more interesting business proposition to partner with United. Its about a symbiotic ecosystem of partners.

Then imagine what this 92 Foundation is worth if they later float this on the NYSE.
 
Last edited:

devilish

Juventus fan who used to support United
Joined
Sep 5, 2002
Messages
61,714
Another team in Ineos football portfolio, Racing Club d'Abidjan, is 9th out of 16 teams in Ivory Coast Ligue 1.

Mid table position, but much better as compared to FC Laussane-Sport who are in division 2.

Looking at the performances of Ineos' football teams, as compared to targets and goals set by Ineos when these teams were purchased, I would use a famous quote by Jose to describe Ineos football operation so far: They are specialists in failure.
You have no idea how rich the Ivory Coast Ligue 1 is. Apple, Microsoft and Amazon all own clubs there and they have to compete with Qatar, Dubai, Abu Dhabi and Saudi. Ineos despite being so invested in football and smart can't expect to compete there.
 

redcucumber

Full Member
Joined
May 18, 2022
Messages
3,239
INEOS can't stop delivering

"We hope and expect that this new investment in the team will take Football Club Lausanne-Sport forward to further success, and we see no reason why this could not mean playing in Europe.”

On the other hand you can't expect INEOS to be able to compete with all those oil rich tycoons who own all the clubs in the Swiss league
Another team in Ineos football portfolio, Racing Club d'Abidjan, is 9th out of 16 teams in Ivory Coast Ligue 1.

Mid table position, but much better as compared to FC Laussane-Sport who are in division 2.

Looking at the performances of Ineos' football teams, as compared to targets and goals set by Ineos when these teams were purchased, I would use a famous quote by Jose to describe Ineos football operation so far: They are specialists in failure.
How dare you not use sense into your argument. Such factual use in an argued (when not used to push your agenda) is not valid.
The constant sarcastic backslapping between a few of the same posters has surely run its course at this point.
 

red thru&thru

Full Member
Joined
Mar 2, 2004
Messages
7,657
The constant sarcastic backslapping between a few of the same posters has surely run its course at this point.
If you look at my replies, they are being "sarcastic" back at the replies that were being sarcastic at me.

Oh, look, same poster comes in and comments without any clue on what's going on!
 

red thru&thru

Full Member
Joined
Mar 2, 2004
Messages
7,657
I'd say Nice would be quietly happy with their season so far, good chance of making a European final still which would be massive for the club.

But of course we don't have a benchmark for the Qatari bid as they have never run a football club before.
So can one assume that it'd be smooth sailing and perfect with Qatari owners?
I'd say it depends on who you are which is connected to Nice. Executives maybe happy, but the fans may not be. I know I wouldn't be happy, as a fan, if my club has regressed so much. Hence why I'm so unhappy with the Glazers.

Will it be smooth sailing under Jassim's stewardship? Of course not. I can't think of many ownerships being smooth sailing. There are always going to be waves to deal with and overcome.
 
Status
Not open for further replies.