Club Sale | It’s done!

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Castia

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How so more debt to the club?

It won't be coming from United's budget like it currently is, it will be debt serviced and put up by INEOs, nothing to do with the club.

INEOs will be buying out the Glazers shares, that was the original plan, the only way I can see the Glazers staying is if INEOs/SJR allows the Glazers to have shares either as a minority stake or they can buy back a percentage as an investment.

Quite why people would riot over this option is anyone's guess!?
The way I see it is if INEOS are servicing a debt it will United who ultimately pay for it because less finances will be released


They won’t even pay in full for the club I highly doubt INEOS is taking on a reported 900m of debt for a laugh
 

Spoony

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INEOS bid might value the club more, but that’s because it’s not offering to buy the entire club.

Jassim bid is for the entire club.

So it’s like me offering you £1m to buy your house and someone else offering you £550k for 50%
. That's because he's not buying up the two Glazer bros.
 

Big Ben Foster

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Qatar > INEOS > status quo

We should all celebrate the Glazers leaving (and yes, a 20% equity stake with zero control is effectively the same as them fecking off). My concern is that Qatar will be free to go and purchase another club in the league instead.
 

Mickeza

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The club needs the Glazers to be wiped clean from board completely. Now or never. If this INEOS deal goes through, we will never be free from the Glazers. 18 years at our club and what do they have to show?
Even if they’re out on the board which isn’t guaranteed if they have no controlling say it doesn’t matter. It’s ceremonial. And it isn’t now or never. If they stay on with the minority stake it’ll be so they get to freeload their way to earning more money in the future by selling after INEOS have pumped money in and their stake is worth more.
 

rajds89

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RATcliffe and his fanboys can all feck off. This is by far the worse outcome for the club.
 

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Qatar > INEOS > status quo

We should all celebrate the Glazers leaving (and yes, a 20% equity stake with zero control is effectively the same as them fecking off). My concern is that Qatar will be free to go and purchase another club in the league instead.
They are definitely going to buy another team. Probably Liverpool
 

Marcelinho87

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The way I see it is if INEOS are servicing a debt it will United who ultimately pay for it because less finances will be released


They won’t even pay in full for the club I highly doubt INEOS is taking on a reported 900m of debt for a laugh
Massive corporation don't take debt on for a laugh you're right... They take it on for numerous benefits one of them being tax relief.
 

Champ

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The way I see it is if INEOS are servicing a debt it will United who ultimately pay for it because less finances will be released


They won’t even pay in full for the club I highly doubt INEOS is taking on a reported 900m of debt for a laugh
INEOs have been running working debt for years and years, as I've already mentioned previously they cleared out a tonne of debt in order to finance a large acquisition a few years ago.

They brought Nice with literal spare change (dividends basically), they are cash rich, asset rich with ties to numerous banks and loan options.

One thing SJR knows how to do is run a business.

United will not be harmed at all by INEOs taking on debt to buy United.
 

JPRouve

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. That's because he's not buying up the two Glazer bros.
If I'm not mistaken it's because he is only buying Glazer shares including JoAM. Also iirc it was mentioned that his offer included payment in kind which could be shares given to the brothers.
 

JagUTD

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I don't actually blame anyone for feeling like Qatar is the only solution in today's football world. I do blame the absolute scum over at Eastland though for this horrific mindset plaguing the game.
 

Sir Erik ten Hag

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Seriously both pro Qatar or Pro Ineos camps need to chill out ,as long as Glazers are out take the win .
The main point is Ratcliffe offered to KEEP the Glazers in board (They still have their share) so that he could win the bid against Qatar. If INEOS wins, it means the Glazers remain (And this time, impossible to remove).
 

Matst1

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Qatar > INEOS > status quo

We should all celebrate the Glazers leaving (and yes, a 20% equity stake with zero control is effectively the same as them fecking off). My concern is that Qatar will be free to go and purchase another club in the league instead.
aka, Liverpool..
 

Big Ben Foster

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Massive corporation don't take debt on for a laugh you're right... They take it on for numerous benefits one of them being tax relief.
The main benefit is that INEOS, as a larger, less risky entity, would be able to borrow at lower interest rates than United.
 

Trophy Room

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Qatar also promised it was a private bid, they didn't even match the offer made by INEOS to buy the club so I'm not sure why I'd take their promises about their plans to invest that seriously. The reason United haven't been successful over the last decade is because they've been incompetent, if you spend fortunes on rubbish like Maguire and appoint Ole Gunnar Solskjaer as your manager then you deserve to win dick, there's no indication that INEOS are particularly competent but then there hasn't been a ton of evidence that the Qataris are either. INEOS taking over doesn't mean that the club can't be successful, they will just have to be smart and actually earn it.
Id definitely take their promises over the rest. I don’t think you truly realise the gravity of this situation. It’s not just about players, it’s the entire organisation, the stadium, facilities etc. There is an option here to secure the long term future of the club without any fecking debt. This other option is not good mate, there is no positive light. It’s an awful situation.
 

Idxomer

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If I'm not mistaken it's because he is only buying Glazer shares including JoAM. Also iirc it was mentioned that his offer included payment in kind which could be shares given to the brothers.
Why would the other siblings agree to that?
 

Castia

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I want to see his vision/commitment for the club.

At this moment in time it feels like the worst possible outcome. He needs to come forward and reassure fans of his plans on both the stadium situation, commitment to transfers and debt accumulated with this bid

Did anybody see his plans for Chelsea when he bid?
 

MF1138

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So our "savior"Jassim can't even outbid Brexit Jim but he was gonna out muscle Man City and the Saudis?

Somethings not adding up.
 

rajds89

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I see it this way, Qatar would've been a mental cheating code and fans would've got bored. With SJ, we'll get investment and stadium renovations. With the right structure in place we can rule Manchester. Again.


Once again, welcome Sir Jim of Failsworth and Moston.
Bored? Do you think City fans are bored? What utter nonsense.
 

Kinsella

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They are definitely going to buy another team. Probably Liverpool
The Sheikh's a real united fan then. :rolleyes:

People should calm down ffs - the Glazers haven't even accepted the bid, yet many are acting like it's a done deal.
 

JagUTD

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Id definitely take their promises over the rest. I don’t think you truly realise the gravity of this situation. It’s not just about players, it’s the entire organisation, the stadium, facilities etc. There is an option here to secure the long term future of the club without any fecking debt. This other option is not good mate, there is no positive light. It’s an awful situation.
Ah yes, because Qatari promises are iron clad...

Just like the 2022 summer world cup. Promises...
 

Big Ben Foster

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The Sheikh's a real united fan then. :rolleyes:

People should calm down ffs - the Glazers haven't even accepted the bid, yet many are acting like it's a done deal.
I don't think anyone ever believed that was anything other than PR
 

Jev

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Fantastic news if Radcliffe gets it, have been dreading the Qatari takeover for months.
 

rajds89

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Not at all.

Status Quo is the worst outcome.
Anything that keeps the Glazers at the club in any capacity is a shit deal. For a self confessed fan, how can Jimmy boy think that’s a good idea and not for one second think that he is going to get a lot of heat because of that decision?
 

HookedOnAPhelan

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Feck Qatar. I'm under no illusion that Ratcliffe is or will be perfect, but I'll take him over those cnuts every day of the week.
 
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