Club Sale | It’s done!

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KiD MoYeS

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Nothing changes with Qatari ownership, for me. Just another owner to want out, although I accept I'll be in the minority because money will be pumped into the club.
 

pseudo_canadian

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Nothing changes with Qatari ownership, for me. Just another owner to want out, although I accept I'll be in the minority because money will be pumped into the club.
Fair enough, but what’s your alternative? Being owned by a hedge fund where the club is treated as nothing more than an asset?
 

Adnan

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Surely the Glazers would weigh things up in their currency and would want $6bn rather than the reported £6bn which is mostly being reported by people from within the UK.

It's like Kaveh (Sky) said, nobody really knows what the Glazers want. And I think a bid of £5bn (over $6bn) will see them sell. I fully expect the Glazers to stretch this out and make it seem like there's more bidders than there actually is to create a ghost bidding scenario which has been reported on.

I don't see the Glazers staying as owners either as has been reported. I think that's another ploy to extract more money out of a would be buyer.
 

Red in STL

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Love it. And I don’t get to say it too often these days, but that one was a few years before my time.
Daley was the 2nd British million quid player after Trevor Francis, most, including a lot of City fans, thought it was bonkers!
 

JagUTD

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No it won't
Even with Qatari ownership it's very likely, if not a certainty that we would have debt.

Even Citys owners have taken on debt, as well as allowed outside investment previously, despite their vast wealth.

The entire "debt free" argument is flawed.

In the most basic terms though, both SJR and Jassim would initially remove the debt from the club.
 

KiD MoYeS

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Fair enough, but what’s your alternative? Being owned by a hedge fund where the club is treated as nothing more than an asset?
I don't have an alternative, I'm not a multi-billionaire. But I refuse to believe that dirty money is the only option. There are plenty of clubs celebrating massive success over the last twenty years without blood money.
 

Red in STL

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Surely the Glazers would weigh things up in their currency and would want $6bn rather than the reported £6bn which is mostly being reported by people from within the UK.

It's like Kaveh (Sky) said, nobody really knows what the Glazers want. And I think a bid of £5bn (over $6bn) will see them sell. I fully expect the Glazers to stretch this out and make it seem like there's more bidders than there actually is to create a ghost bidding scenario which has been reported on.

I don't see the Glazers staying as owners either as has been reported. I think that's another ploy to extract more money out of a would be buyer.
6 billion quid is a lot more than 6 billion dollars!
 

Woziak

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I think his dad, Sheikh Hamad bin Jassim bin Jaber bin Mohammed bin Thani Al Thani, is also helping out.
Makes sense I’ll explain;
1. Qatar buy 69% of the club at £5.5bn however the sale is reported at £6.2bn as the debt is paid to the club and then the banks are paid off with The Glaziers keeping the other £5.5bn.

The additional £7bn

2. Qatar buy the rest of the 31% at market cap of $21 per share so another £1.1-1.2bn to take the club private and off stock market.

3. New Proposed Qatar Airways shirt sponsorship deal at £1.5bn or £150m per year for 10 years

4. New Stadium and infrastructure development with new training ground, youth and ladies stadium. £2bn cost

5. Transfer Budget over 5 years £1.5bn or £300m per year (this is over 10 windows)

6. Huge investment in surrounding area with Hotels, restaurants and football theme park ‘United World’ £750m-1bn


Sone of this has been leaked already, Uk Giver
 

kaku06

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I don't have an alternative, I'm not a multi-billionaire. But I refuse to believe that dirty money is the only option. There are plenty of clubs celebrating massive success over the last twenty years without blood money.
Like?
 

Plant0x84

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We would become a division of a chemical company.

I fail to see how that is "shitting on INEOS" hence why I said his reaction to that was disproportionate.
If you read again my point was about language used. It’s stupid and derogatory to say ‘a division of a chemical company’ when we know Ineos is already heavily invested in sport. It’s also more than likely that United would stand on its own.
 

Teja

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Damn I'm growing more optimistic that this will actually happen.
 

Berbaclass

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If you read again my point was about language used. It’s stupid and derogatory to say ‘a division of a chemical company’ when we know Ineos is already heavily invested in sport. It’s also more than likely that United would stand on its own.
Splitting hairs. I think you must be the only person outraged by this "language"
 

Teja

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Even with Qatari ownership it's very likely, if not a certainty that we would have debt.

Even Citys owners have taken on debt, as well as allowed outside investment previously, despite their vast wealth.

The entire "debt free" argument is flawed.

In the most basic terms though, both SJR and Jassim would initially remove the debt from the club.
That's an extremely pedantic thing to say. Sure if short term borrowing costs are low, you use debt to fund your business. Every single business has a revolving line of credit from banks. And sure that's technically debt.

That's also quite a bit different from a leveraged takeover. That's what most people complain about.
 

Edwards6

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Nothing changes with Qatari ownership, for me. Just another owner to want out, although I accept I'll be in the minority because money will be pumped into the club.
It's not about someone pumping money into the club, it's about clearing the debt and allowing us to spend our revenue on the club rather than funding the scumbag Glazer debt repayments and dividends
 

Sparky Rhiwabon

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Sounds worryingly like the Board (the two main Glazers) are preferring the “investment” options (your Elliotts) rather than an outright sale.
 

Adnan

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6 billion quid is a lot more than 6 billion dollars!
I know that, but Americans don't measure currency in pound sterling but rather in the US Dollar. So it's plausible to suggest that they'd be briefing something reflecting a amount in US Dollars rather than pound sterling.

Ratcliffe has a American bank working on his behalf (Goldman Sachs). Jassim has a American Bank working on his behalf and the merchant bank appointed by the owners of the club to oversee a potential sale are also America based. And the Glazers themselves are American.

So I wouldn't be surprised if the brief was that they (Glazers) want 6bn but that is interpreted by people in the UK as being £6bn.
 

JagUTD

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That's an extremely pedantic thing to say. Sure if short term borrowing costs are low, you use debt to fund your business. Every single business has a revolving line of credit from banks. And sure that's technically debt.

That's also quite a bit different from a leveraged takeover. That's what most people complain about.
If this was actually true, I would agree entirely. In fact it's been mentioned throughout this thread that not all debt is the same but the general view from those supporting the Qatari bid is that we would be debt free.

There's nothing pedantic about my point though, just reiterating a point made numerous times by various posters. Pedantic would have been pointing out that transfers fees are debt and the new owner would still owe in excess of £300million to various clubs.
 

JagUTD

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Pretty sure the Glazers know how the fans feel about them.
Big difference between knowing and caring. But I thought you were referring to the preferred owner polls across social media. I doubt they've seen a single one of those polls.
 
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