Club Sale | It’s done!

[Red in STL]

There are several factors but overall they are extremely profitable in general in an extremely big (ie. tons of cash in the pot) market and not comparable at all with sports teams as you know them (that very well could change in the future). Add to that the significant rise of billionaires in America and the battle for being part of the exclusive billionaires club that own sports franchises and you got a recipe for a meteoric rise in asset value.

The biggest factor is probably the fact that most teams have no local competition, most teams are the only pro team of a particular sport .in the metro area of a city, therefore the whole area supports 1 team, teams also do their own TV deals and the bigger markets share some revenue with the smaller ones

Using baseball as an example, St Louis Cardinals biggest rivalry is with the Chicago Cubs and to a lesser extent the Kansas City Royals, those are the 2 nearest teams to St Louis in MLB and both are 300 miles away

 

[TsuWave]

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Big dog, big nuts. Let’s go!!!

 

[Rocksy]

I don't want Ince or Big Pete near the club.

I’d imagine not. Was making the point that ex-United players haven’t done much in football after playing. I was joking with Ince, half-joking with Schmeichel (who seems to know feck all about what he’s talking about). Van Der Sar is really the only one I can think of who’d add something on the staff.

 

[Messier1994]

If Joel and Avram stay, how much say would they have over SJR, bearing in mind the Class B shares SJR woukd buy from the other 4 siblings, would convert to Class A shares.

This is a great question. If they kept B shares, which has 10x the votes of the A shares, representing more than 10% of all shares — they should still have a majority of the votes. To be clear, if they sell voting strong B shares to any non Glazer — those shares are automatically transformed into A shares.

In addition, if all B shares are less than 10% of all sharers, they also automatically transform to A shares.

 

[Red in STL]

Totally irrelevant but amusing side point, City even managed to outspend us then. The shoe was on the other foot insofar as they wasted their money on shite, Keith Curle was the leagues most expensive defender at one point I seem to recall. They had a side made out of expensive acquired shite. Hopefully we don’t carry on trying to maintain that mirror image given what happened to them over the next 25 years.

The best City example is to use Steve Daley, he cost only slightly less than Bryan Robson around the same time - that's like comparing McT to Case!

 

[Infra-red]

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I suppose we'll soon see if he's a fraud

We already know for a fact that he is a fraud. The "announcement" will be him announcing something that he made up, on Twitter.

 

[Kinsella]

I’m glad you’re starting to recognise the difference between state funded and state owned

A distinction without a difference.

 

[red thru&thru]

I work in the digital space -- have since 1994. (from dial-up/ISDN onwards)

You will see shifts in digital models because of the development of different generations/evolution of the web. Jassim is 40 so he's pretty much grown up in the Internet era.

Ratcliffe is 70 and really in an immigrant into the Internet space, at best and at worse, someone who doesn't see the need to engage in the area. The Internet is now more ecosystem and collaborative versus a more in-house conglomerate of a different generation of business leaders.

Thats why I said it a while ago. Different business models.

Looking forward to when we get to hear their vision and plans going forward.

The ME is going big on technology, including blockchain technology, etc. Our project is being registered in Dubai, and you can just see where it's all going.

 

[sewey89]

The 'announcement' will be that they've officially made the 2nd bid.

 

[Rocksy]

Not sure why you even need to explain it. Its like dealing with some 12y.o

The club will soar with this backing.

Meanwhile the alternative is being owned by a hedge fund, or becoming a division of a chemical company and remaining shackled to the Glazer debt whilst Ratcliffe starts a whole new debt with Goldman Sachs.

I sincerely hope Qatar gets this deal done.

It looks really close, I think you can start oiling up…

 

[FlawlessThaw]

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Will be gutting now if they don’t take over to be honest.

 

[Plant0x84]

But how isnt it true? If Ineos are going to take on Ratcliffe's vast new debt instead of the club we will be tied directly to Ineos. Even his PR statements are via the Ineos press office. It's presented as an Ineos takeover, not Ratcliffe personally assuming the debt.

And what happens in the not very distant future when 70 year old Ratcliffe retires or Ineos is sold to whoever takes over after Ratcliffe and his equally old co founders? It doesn't have shareholders so someone will have to run it.

Damn right I want Qatar. But if Ratcliffe and Ineos are Option B they are going to have to be clear about what it means to be owned by a Chemical company.

You think Ratcliffe and Ineos don’t have a plan post retirement? You don’t think it’s something they have considered? He’ll just shut everything down and retire to his armchair?
It’s worth noting that it hasn’t actually been reported that the whole bid is debt funded. The JPM and GS loans and bonds are to do with covering the current debt, and as I understand it potentially the stadium refurb/rebuild. I’ve seen nothing that states he is borrowing to pay for the club acquisition.
INEOS is a vast company with interests in many sectors, not least their huge sporting arm. Is Mercedes F1 or Sir Ben Aynsleys sailing team part of a chemicals company? Don’t be absurd. The way you word your descriptions is just facetious.

 

[sglowrider]

The ME is going big on technology, including blockchain technology, etc. Our project is being registered in Dubai, and you can just see where it's all going.

I was heading a blockchain startup in Jan 2021. Up in Seoul to finalise the T&Cs of the funding. Came back then Covid kicked in. Lost the funding a few months later during the lockdown since we had no visibility.

Then I was supposed to do an AI-based healthcare project with some Russian partners, then Putin decided to invade UKR and any monies into Russia was banned where I am/origin of funding.

Been a shit couple of years for me.

 

[gajender]

The ME is going big on technology, including blockchain technology, etc. Our project is being registered in Dubai, and you can just see where it's all going.

Can you please elaborate on the bolded part .

 

[red thru&thru]

So that £7bn on top of the purchase price?!!
Tell me the bid is state funded without saying state funded.

I read that as total £7bn (give or take a billion 2), including the purchase cost.

 

[red thru&thru]

I was heading a blockchain startup in Jan 2021. Up in Seoul to finalise the T&Cs of the funding. Came back then Covid kicked in. Lost the funding a few months later during the lockdown since we had no visibility.

Then I was supposed to do an AI-based healthcare project with some Russian partners, then Putin decided to invade UKR and any monies into Russia was banned where I am/origin of funding.

Been a shit couple of years for me.

Oh mate, sorry to hear about that. Gutting.

We're using ChatGPT into our project, pretty excited.

I can imagine the endless possibilities with United taking advantage of this space. So much potential that it's unreal.

 

[sglowrider]

Oh I agree but it's nice that he is not ignoring the legacy ways of revenue either. Honestly I'd love to be in a situation were I can buy a United digital season ticket thus having access to only United games. Cable TV adds too much redundant stuff that I am frankly not interested in

I can see that happening. The technology has been there for at least 10yrs now. (I had a startup that did precisely that.)
There will be a new evolution in PL's business model. There are always shifts. Cutting out the middleman is the core of companies like Uber, Airbnb etc.

 

[Plant0x84]

I read that as total £7bn (give or take a billion 2), including the purchase cost.

It could be but that doesn’t add up if you think about 5 for the club, 2 for a stadium, lord knows how much for the training ground and then hundreds of millions of transfer spending on top.

 

[Giggsy13]

Will it be a big day today?

 

[sglowrider]

Oh mate, sorry to hear about that. Gutting.

We're using ChatGPT into our project, pretty excited.

I can imagine the endless possibilities with United taking advantage of this space. So much potential that it's unreal.

Thats cool.

I see it as a generational thing -- a 40y.o v a 70-year-old's idea of business. It's very different.

 

[Plant0x84]

Couldn’t they buy the club then source funding from minority investment (state funded) for further investment?

I wouldn’t put it past that happening.

Any way around the regulations I guess. Suddenly going to get a lot of visit Qatar and Qatar airways sponsorships.

 

[red thru&thru]

Can you please elaborate on the bolded part .

There are a number of potential ways that blockchain technology could help Manchester United:

1. Ticketing: Blockchain technology could be used to create a secure, decentralised ticketing system for Manchester United matches. This would help prevent ticket fraud and ensure that tickets are only sold to genuine fans.
2. Merchandise: Manchester United could use blockchain technology to create a secure and transparent supply chain for their merchandise. This would help ensure that all products are genuine and that the workers involved in producing them are treated fairly.
3. Sponsorship: Blockchain technology could be used to create a transparent and auditable system for tracking sponsorships and advertising deals. This would help ensure that all parties involved are receiving the agreed-upon benefits.
4. Fan engagement: Manchester United could use blockchain technology to create a fan loyalty program that rewards fans for their support. This could include exclusive merchandise, tickets, and other perks.
5. Player transfers: Blockchain technology could be used to create a secure and transparent system for managing player transfers. This would help prevent fraud and ensure that all parties involved in the transfer process are treated fairly.

Overall, blockchain technology has the potential to revolutionise many aspects of the sports industry, including football. Manchester United, as one of the most prominent football clubs in the world, could certainly benefit from exploring the potential applications of blockchain technology.

 

[jm99]

See, what's sad is we'd become unstoppable. And while we'd know it's because we're a strong club not crippled by debt, others would just attribute our success to oil. Irregardless of our history.

You say it would take a while for us to catch City. I'm not so sure. With unlimited funds we'd be pushing for the top in 2 seasons. We're already almost there...

Who cares? Opposition fans already attribute our successes to Howard Webb and fergie time, if you're basing your choice of owner hoping that opposition fans will give us credit for any titles won you're going to be pretty low on options

 

[dwd]

It could be but that doesn’t add up if you think about 5 for the club, 2 for a stadium, lord knows how much for the training ground and then hundreds of millions of transfer spending on top.

They can't do anything with transfer spending can they? Or have I missed a trick?

 

[red thru&thru]

Thats cool.

I see it as a generational thing -- a 40y.o v a 70-year-old's idea of business. It's very different.

Yeah. At the age of 70, I can see SJR wanting quick results. Whereas Jassim could afford to be a little more long term.

 

[Plant0x84]

What

I think you're overreacting.

How is that overreacting? He described the Ineos bid as a subsidiary of a chemical company when we know Ineos has a huge sporting interest too. It’s ridiculous and unnecessary just to discredit the bid.

 

[Plant0x84]

They can't do anything with transfer spending can they? Or have I missed a trick?

What do you mean? FFP? We will be limited for sure but it’s clear they intend to back ETH big in the summer.

 

[sglowrider]

Can you please elaborate on the bolded part .

There are a number of potential ways that blockchain technology could help Manchester United:

1. Ticketing: Blockchain technology could be used to create a secure, decentralised ticketing system for Manchester United matches. This would help prevent ticket fraud and ensure that tickets are only sold to genuine fans.
2. Merchandise: Manchester United could use blockchain technology to create a secure and transparent supply chain for their merchandise. This would help ensure that all products are genuine and that the workers involved in producing them are treated fairly.
3. Sponsorship: Blockchain technology could be used to create a transparent and auditable system for tracking sponsorships and advertising deals. This would help ensure that all parties involved are receiving the agreed-upon benefits.
4. Fan engagement: Manchester United could use blockchain technology to create a fan loyalty program that rewards fans for their support. This could include exclusive merchandise, tickets, and other perks.
5. Player transfers: Blockchain technology could be used to create a secure and transparent system for managing player transfers. This would help prevent fraud and ensure that all parties involved in the transfer process are treated fairly.

Overall, blockchain technology has the potential to revolutionise many aspects of the sports industry, including football. Manchester United, as one of the most prominent football clubs in the world, could certainly benefit from exploring the potential applications of blockchain technology.

Plus payment.

Blockchain is the next natural phase of the internet. 3.0. Decentralisation. The main thing that's holding it back is scalability. But there have been improvements in it too in the algorithms.

Forget about crypto etc -- that's a glorified ponzi scheme. Dont even mention NFTs.

 

[red thru&thru]

It could be but that doesn’t add up if you think about 5 for the club, 2 for a stadium, lord knows how much for the training ground and then hundreds of millions of transfer spending on top.

of course, we don't know the true costs. But hey, if Jassim will want to spend £7bn on the stadium, then I'm here for it. Can't wait.

 

[gajender]

There are a number of potential ways that blockchain technology could help Manchester United:

1. Ticketing: Blockchain technology could be used to create a secure, decentralised ticketing system for Manchester United matches. This would help prevent ticket fraud and ensure that tickets are only sold to genuine fans.
2. Merchandise: Manchester United could use blockchain technology to create a secure and transparent supply chain for their merchandise. This would help ensure that all products are genuine and that the workers involved in producing them are treated fairly.
3. Sponsorship: Blockchain technology could be used to create a transparent and auditable system for tracking sponsorships and advertising deals. This would help ensure that all parties involved are receiving the agreed-upon benefits.
4. Fan engagement: Manchester United could use blockchain technology to create a fan loyalty program that rewards fans for their support. This could include exclusive merchandise, tickets, and other perks.
5. Player transfers: Blockchain technology could be used to create a secure and transparent system for managing player transfers. This would help prevent fraud and ensure that all parties involved in the transfer process are treated fairly.

Overall, blockchain technology has the potential to revolutionise many aspects of the sports industry, including football. Manchester United, as one of the most prominent football clubs in the world, could certainly benefit from exploring the potential applications of blockchain technology.

Thanks

 

[Berbaclass]

How is that overreacting? He described the Ineos bid as a subsidiary of a chemical company when we know Ineos has a huge sporting interest too. It’s ridiculous and unnecessary just to discredit the bid.

What was said wasn't inaccurate.

 

[gajender]

Plus payment.

Blockchain is the next natural phase of the internet. 3.0. Decentralisation. The main thing that's holding it back is scalability. But there have been improvements in it too in the algorithms.

Forget about crypto etc -- that's a glorified ponzi scheme. Dont even mention NFTs.

Thanks

 

[Godfather]

Will it be a big day today?

From what I've read only if one of the bidders meets the valuation the Glazers have set for the club. If not another round of bids might follow..

 

[Plant0x84]

What was said wasn't inaccurate.

Ok, you do you mate. QDL assemble!

 

[sglowrider]

Yeah. At the age of 70, I can see SJR wanting quick results. Whereas Jassim could afford to be a little more long term.

At 70, you are more smokestacks than RFID.

 

[Berbaclass]

Ok, you do you mate.

I fully intend to.

The post was factual though. Nothing wrong with what was said and your response to it was weirdly over the top and out of proportion.

 

[red thru&thru]

Plus payment.

Blockchain is the next natural phase of the internet. 3.0. Decentralisation.

Forget about crypto etc -- that's a glorified ponzi scheme. Dont even mention NFTs.

Haha, Ponzi was around in the 1920's, way before crypto.

NFT's are a utility. They will be used.

 

[BebeGotBack]

There are a number of potential ways that blockchain technology could help Manchester United:

1. Ticketing: Blockchain technology could be used to create a secure, decentralised ticketing system for Manchester United matches. This would help prevent ticket fraud and ensure that tickets are only sold to genuine fans.
2. Merchandise: Manchester United could use blockchain technology to create a secure and transparent supply chain for their merchandise. This would help ensure that all products are genuine and that the workers involved in producing them are treated fairly.
3. Sponsorship: Blockchain technology could be used to create a transparent and auditable system for tracking sponsorships and advertising deals. This would help ensure that all parties involved are receiving the agreed-upon benefits.
4. Fan engagement: Manchester United could use blockchain technology to create a fan loyalty program that rewards fans for their support. This could include exclusive merchandise, tickets, and other perks.
5. Player transfers: Blockchain technology could be used to create a secure and transparent system for managing player transfers. This would help prevent fraud and ensure that all parties involved in the transfer process are treated fairly.

Overall, blockchain technology has the potential to revolutionise many aspects of the sports industry, including football. Manchester United, as one of the most prominent football clubs in the world, could certainly benefit from exploring the potential applications of blockchain technology.

Am I getting paranoid, or was this written by ChatGPT?

 

[red thru&thru]

Am I getting paranoid, or was this written by ChatGPT?

You're not getting paranoid!

Great, isn't it? My daily activities have drastically been reduced.

 

[devilish]

I can see that happening. The technology has been there for at least 10yrs now. (I had a startup that did precisely that.)
There will be a new evolution in PL's business model. There are always shifts. Cutting out the middleman is the core of companies like Uber, Airbnb etc.

The EPL can easily organise that thus skipping the middle men (ex sky). We would have one subscription (mutv?) with United handling our subscription so we can watch away games, the CL etc.

Such situation will encourage to go big on tech. They could invest on multiple cameras across the pitch which would give a 360 degrees view of the pitch, the fan view experience (ie cameras near fans) or the stats experience with real time stats showing up + the ability to keep tabs on individual players (ex Maguire's speed or Martial's workrate). VR users would have a treat.

With such flow of money coming in mutv can hire top pundits who have our cause at heart. That means no more souness and Carra gloating on us losing 7-0. Fans can be involved (ex howson, Beth, Sam of united people tv etc) as well. Mutv game archive can be organised and made available. For example for 9.99 one can have in his library the entire treble season on the tip of the finger with extras (ex ole and Teddy discussing the CL final they won etc)