It's like the refs are fecking.with us again.
Adding more time on to try and help the inferior team win.
Adding more time on to try and help the inferior team win.
Club Sale | It’s done!
- Thread starter JB08
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Maybe it was a test by Raine on who the leakers are?
7 days turnaround is very short. I bet the jassim and ratcliffe teams barely slept the past 7 days.
Glazers and Elliott have an agreement for financing. This has all been a public show but the outcome was predetermined.
69% would cost less and he might think the Glaziers would prefer to accept a bid where they keep a chunk of the club
Yes. If Qatar wins the bid they have said they will introduce a high end pricey beef item to the menu called the ‘Steak Jassim’. You’re welcome
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Serious question, what would have been in it for the glazers to make a public show of it if the outcome was predetermined to go as you say?
Yeah, it’s hilarious to believe a bidder using zoom and drone for in-depth discussions before making a bid north of 4.5 billion sterling pounds.
I don’t think the Glazers own the other 31%
Or they have some source within Raine and they found out what the other bids have come in? So they need to revise theirs.
You misunderstand I think. Both parties are bidding for the Glazer family shares. That’s 69% of the total, but would give the buyer control of the club. The other 31% is with private shareholders and can be purchased after the main sale.
Quite enjoy this demonstration of how little critical thought goes into modern journalism. They clearly all get the group text and rush to relay it on twitter and media websites asap without more than a vague check to see if its actually true.
Kevah exposing Kevah is a perfect example.
Kevah exposing Kevah is a perfect example.
Joel and Darcie Glazer own a total of roughly 2.5 million shares (A share), a small fraction of all floating A shares.
Who the feck is Kevah?
So all the most reputable journos were fed the same line, don't think that's necessarily a failure or indictment on their part if their sources purposely muddied the waters.
That last line is interesting though...
This is not correct.
The Glazers only own 69 per cent of the club. The rest of the shares are openly traded on the stock market. To take control of the club you only need to buy the Glazers shares.
If you want to own the club as a whole, not just the controlling stake, you would have to find the money to buy the shares that are publicly traded.
PS) Also it may not be cheaper just to buy 69%. It depends on overall valuation.
I'm not too sure how any of this is the fault of the journalists. They've all clearly been told the same thing. It shows that they've not made anything up. They've gone off credible source.
Or the Raine folks have 'leaked' what the accepted selling price is to both parties and so they are scrambling to revise.
Increase share price, troll/enrage the fanbase that has bashed their image and hindered their commercial interests. We’ve almost been at war with them for years.
It also allows them to state that they conducted a thorough process before picking their desired option. They can also hedge bets on the ESL potentially going ahead, however unlikely.
Could be a nudge to be like “seriously, they aren’t selling for a penny below £6bn”.
Different ownership models, different reporting obligations.
Both INEOS and Nine Two want control. They can achieve this by buying the Glazers' shares.
However, if they don't buy the remaining publicly traded shares they will have to live up to certain obligations placed on publicly traded companies.
If you buy 100 per cent of the shares and take the club private that changes things. Yes there are still a myriad of laws you need to navigate. However, the things that you have to publicly disclose on a regular basis lessen significantly. It gives you a freer hand.
So when is the new deadline?
48 hours
Glazers epitomise farce in everything they do. Clearly trying to squeeze every last drop of money out of a club that they have milked dry. In doing so, I suspect their greed is pricing Utd out of the market hence bids not lodged.
I bought my house using ghost bids or the agent did. The owner was pissed off later!
BBC reporting it is unclear. I’ve seen tomorrow and end of the week so who knows?
That could also be the case. But from what's being reported, the Jassim offer was ready and RMC in France reported it to be over €6bn (Euros). But it seems like INEOS asked for a extension and the 92 foundation also took up the offer.
In that case surely they would just do another bidding round?
Got to say kudos to INEOS and Jassim, they really are United fans!
They have what it takes to own United based on today, the deadline has passed and they are "preparing a bid" they really understand the culture of the club in recent transfer windows.
They have what it takes to own United based on today, the deadline has passed and they are "preparing a bid" they really understand the culture of the club in recent transfer windows.
If the Ineos and Qatar bids (plus whoever else has bid) end up being close in size, there will certainly be another round.
Whenever someone comes close to the Glazers woefully optimistic £6-8 billion valuation.
The Qataris hired a PR firm early on in the process, who have been briefing the Mail (Keegan) throughout. I don't think Ineos had anyone doing PR for them, although that might now have changed. Anyway, pretty clear that the journalists reported what the PR firm(s) had told them pre-9:00pm. Raine are seemingly close to the Murdoch press and it appears that Sky and The Times have been getting their information directly from there throughout this process - no surprise it was Sky who subsequently reported 'no bid', which will presumably have come straight from Raine.
Basically, everyone is reporting what they have been told by people who are in a position to know. That can still sometimes get you in to trouble (as is the case tonight).
Simple, it's all he would need. The Glazers own 100% of the voting shares, so buying their share would give him 100% of the control. The other shares (the ones on the stock exchange) don't have any significant voting rights so he could buy them at a later date or not buy them at all, wouldn't make any real difference to his ability to run the club.
When will the pain end...
This sale is for the Glazers 69% shares and controlling interest in the club. The rest of the shares could/would be bought later by the winning party.
Uncle Jim up to his old tricks again.
How anyone would want this guy running the club is beyond me.
Pulled the same stunt with Chelsea, come in late with a huge offer hoping to guzump anyone in the process problem is Raine let the game slip.
Imagine Jassim will add a couple of zeros and be favourite again.
What this does indicate is that this is probably the last round of bidding , if people want to put in such intricate details on their bids and need more time I’d imagine they have been told the exclusivity period will start post selection,
How anyone would want this guy running the club is beyond me.
Pulled the same stunt with Chelsea, come in late with a huge offer hoping to guzump anyone in the process problem is Raine let the game slip.
Imagine Jassim will add a couple of zeros and be favourite again.
What this does indicate is that this is probably the last round of bidding , if people want to put in such intricate details on their bids and need more time I’d imagine they have been told the exclusivity period will start post selection,
Elon Musk gazump incoming….
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