What a hilarious post
Club Sale | It’s done!
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I think if they were converted to A shares, it effectively is a full sale, it's just that the share the guy with 100% control holds would be lower than the 69% the Glazers hold.
It would be like issuing new A shares.
So someone who inherited his money isn’t good enough for you. Got it. He has to be a self made billionaire for him to be good enough.
My thinking is along the lines that once Glazers cede control their leverage for getting premium on their stake is gone , so Avram and Joel might not get much return on their stake down the line unless United is again on the Market .
The source of his own personal wealth is not so much the concern. It's the source of the money to buy the club and the record of those people.
Not that i am an ardent supporter of Sheik jassim or want him to be an owner. But we as fans have demonstrated over the years that we can distinguish between support for the club and support for the owners. What i want is the best for the club. If SJR can do that then we should go with him. But if he keeps the glazers who have been leeching off this club for the past 18 years then i would rather go with the other option.
I disagree with the tone (which in the heat of the moment I myself was guilty off to my shame) but he is right on the rest.
We shouldn’t be supporting any bid or owner looking to load more debt onto the club. In fact we should demand that the new owners(whoever they may be) need to clear the debt currently laden on the club.
That’s fine, I was just pointing out that questioning where the money comes from is a relevant question rather than a racist one.
Unfortunately there is nothing we can do. I admit I am pro Qatari bid. However at first I was far more open minded then I am now. That changed when details of SJR's bid(debt retained, Glazers retained etc) and INEOS woeful football record was revealed. Maybe I am wrong and I stand to be corrected here but I think that his Chelsea bid was even better then ours.
On the other hand Jassim was frigging naive to believe that the Glazers care what his restructuring plans are. He should have thrown his billions in buying the club and then cut the cloth according to his coat
These same people didn’t even know the bids weren’t in and told us all they were huge world record bids, hilarious you have all written it off as over, there will still be a few twists yet.
People saying that Ratcliffe’s bid means that Glazers have no control of the club and so its a positive are looking at only a part of the problem with potentially kicking the can a little bit further down the road.
At this time, we don’t know enough about how the new owners are going to behave when they are in control of the club. So a simple change in control is not really sufficient. What we need to see is the merits of the bids from the club’s financial point of view. And here, the Ineos bid leaves a lot to be desired.
- Majority but not full equity purchase
- Purchase funded by debt
- No clear communication regarding treatment of existing debt. Which usually means that they are not going to do anything significant about it (Otherwise, why wouldn’t you state and make it easier for fans to be on your side)
- No communication regarding funds & plans for infrastructure & stadium development
So apart from the change in controllership, what is it that we are really getting from this sale? How is the change in hands of majority ownership going to improve the future competitiveness of Man United?
Its quite deflating that after years of suffering under the current ownership, we get the same wine in a different bottle.
At this time, we don’t know enough about how the new owners are going to behave when they are in control of the club. So a simple change in control is not really sufficient. What we need to see is the merits of the bids from the club’s financial point of view. And here, the Ineos bid leaves a lot to be desired.
- Majority but not full equity purchase
- Purchase funded by debt
- No clear communication regarding treatment of existing debt. Which usually means that they are not going to do anything significant about it (Otherwise, why wouldn’t you state and make it easier for fans to be on your side)
- No communication regarding funds & plans for infrastructure & stadium development
So apart from the change in controllership, what is it that we are really getting from this sale? How is the change in hands of majority ownership going to improve the future competitiveness of Man United?
Its quite deflating that after years of suffering under the current ownership, we get the same wine in a different bottle.
Funny how many pro Qatari bid posts start with 'it's not that I want Jassim to become owner but...'.
And this is a remarkably terrible post:
And this is a remarkably terrible post:
Surprised Jassim didn't seem to want us enough, as he got the money.
All reads very speculative and it’s all based off a report that pledged investment is inclusive not additional which has been denied.
Who is winning, it's hard to keep up here 
Nobody knows.Who is winning, it's hard to keep up here
He’s not stupid enough to play the glazers games, unlike ratcliffe. He’s out in a very fair offer for the entire club and paying off the debt, unlike the other bid.
Charlie Sheen. Always.Who is winning, it's hard to keep up here
Don't think there's much doubt the Ratcliffe bid values the club higher. The Beeb have clearly been briefed by the club to that effect.
All seems like clever media use of valuations and different percentages to give the overall effect the glazers would be getting more money from Ineos, which isn’t the actual case and is standard business practice to pay more for a smaller chunk.
I hope you’re better today Devilish and had a good nights sleep. (I have a frozen shoulder so I know how it is to not sleep properly)
I think elder people like us isn’t fully used to the new social media landscape we’re living in today.
Maybe I’m alone in this take but I prefer in a heated debate authentic emotions and then afterwards if necessary some apologizing than people just trying to be P C, but like I say I’m in the same age as the great Michael Jordan and directness and sometimes brutal truth is maybe more part of our generation.
For obvious reasons I’m pro Qatar and I don’t have any issues with being owned by a ME born businessman. I respect everyone’s religion or cultural background so that doesn’t bother me as long they follow the law and the customs where they operate. Wealth from gas or chemical production. State owned or Greenwashing. Who’s worse? You tell me…
Is there proof for that? because if your claim is right Jimmy cant outbid a government like Qatar, right?Eternal mediocrity?Hyperbole much? We don't need to be owned by a state to be a success. The sooner people realise this, the better. Absolutely nothing against, Qatar, or their people. I just hate the idea of a social institution like, Utd, being used as a pawn for a governments prestige. Ownership shouldn't be used as a matter of "look how much money we have". It's disgusting. We can generate enough money on our own, and be a success without state ownership.
How is that a terrible post. Is the owner of an oil and chemicals company totally clean? If you think his money isn’t stained in blood then you are being naïve at best. Is find it so funny that the people speculating the source of Jassims wealth and how it was obtained are peculiarly not putting enough spotlight on how INEOS’s owner has earned his money.
Oh shut up playing the race card.
Ineos is one of the largest companies on the planet, that's where their money comes from. The business itself.
Whereas the Qatari money we all know comes from Oil and projects using slave labour.
If it was the other way around, the tone would be "Jassim loves the club so much that he just wants Glazers out at all costs, like us fans" & "See, I told you Ratcliffe wasn't even serious about buying United" .
SJR is as rich as SJ if not richer. But this is not what we are afraid of, his model of owning the club is what worry us. His management of his other clubs (that he own totally) has been shambles.
I don't think anyone would claim that most billionaires are paragons of virtue, but simplifying opposition to racism is facile and seems to be the default last line of defense for the Qatari PR machine here. It totally ignores the real reason that most are against the takeover. When pointed out that it's really because most don't want the club to become a sportswashing vehicle for a state, the default response is then 'well that's just the way the story is going', which is really no counter argument at all.
I had a slightly better sleep today thanks. I always suffered of insomnia which flairs when anxiety goes to the roof. A very important loved one (second only to my daughter) is awaiting some tests and anxiety is indeed to the roof.
I worked with many sort of people including billionaires and sheiks. The only thing that distinguish the former to the latter is that they tend to live in a legal framework that doesn't allow them to get away with everything as the latter do. I assure you that if things changed then they would be as bad if not worse.
Football is important for me as it keep me sane during some horrible periods in my childhood and youth. Outside family its the most important thing. Thus I wanted to be owned by someone who would treat it well and know what he's doing. There's nothing from SJR, his bid and his history with club ownership that remotely resemble that. However I do admit that I crossed the line. Ultimately SJR is a human being.
Random Guy? the chairman of one of the biggest banks in Qatar, you do know QIB is worth 44B of assets do you?
Correct, he’s another poacher turned gamekeeper type who got into bed with the rats. Playing on the ‘The local lad’ narrative, fairly humble beginnings, the boy who eventually got to grammar school and did well, and has since used every tactic available to amass and preserve his wealth.
I’m not a fan either, particularly because of his pro Brexit opinions whilst residing in Southern France, add to that his chemical companies polluting our rivers.
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No people get pissed off because people will annihilate Qatar with all the negativity (rightly so) but then be ecstatic a bloke who pumped pollution directly into Manchester’s own canals is all higher than mighty. They can both be people and practices you do not fully back without claiming one as a slave driver and the other the local lad from Manchester with a dream, that’s what gets up people’s noses.
Agreed. But my post was making the point that saying that people are against Jassim because they're racist is a gigantic red herring and a wilful attempt to distract from the actual reason those that don't want him feel that way.
Sorry I have to call this out
What gives someone who is I presume is white, the right to tell someone who is not that they should or should not believe something is racist.
You come from Warrington which is in the UK, which is the country that has benefited most from colonisation and slave labour, but are implying Qatar is evil because they have slave labour.
Imagine if all the countries that the UK had colonised took the same view as you. i.e I don't want to have anything to do with a state that uses slave labour, where would that leave the UK
If somebody believes that something is racist, then they are entitled to their opinion. You as a white person, with your privileged opinion can never tell anybody not to feel like something is racist. Imagine somebody telling you that.
I also believe that the reason why some people are so against the Qatar bid, is down to either unconscious or conscious bias.
I want my club to be successful its a simple as that, no pretence or trying to paint it another way.
At the moment with all the information from the initial statements, not the click bait from journalists who probably know as much as me.
SJ has said he will clear all debt, invest in infrastructure.
Whilst SJR has not mentioned anything about that
So to me there is a clear winner, regardless of politics
My biggest problem from what I’ve read so far is the coyness of Ratcliffe not outlining any of his investment on top, in the press this is being reported as it’s not relevant, feels like it works in his favour to be ambiguous as possible, which is a worry
Oil money is dirty and stained. It’s obtained from abhorrent practices. If people think having that opinion is racist then they clearly don’t understand the meaning of the word which seems to be thrown about like confetti at a wedding these days.
https://www.bloomberg.com/news/arti...ted-bidders-make-third-attempt-to-clinch-deal
“Sheikh Jassim’s bid consists of the £5 billion sum that will go to the sellers if successful, plus additional amounts for club facilities and other investments, one of the people said.”
So as I said earlier on this is £5 billion for the Glazer’s 69% controlling part of the club therefore is over $1 billion each for each Glazer as £5 billion is $6.3-6.4 billion dollars, the Qataris want 100% of the club but that isn’t owned by the Glazer’s and is shared out by randoms which the Qataris would have to buy up afterwards.
I didn’t believe that the £5 billion offer would include money promised for work on the club in infrastructure and transfer investment as the Glazer’s being the parasitic cnuts they are couldn’t give a feck about the club after they’ve squeezed that last bit out of it, everyone was too busy listening to sports journalists who know nothing about finance.
So it basically comes down to do two parasitic cnuts agree to feck off for over $1 billion along with their siblings or stay on in the hope they’ll be getting dividends each year and pray they get a big sum IF the club was sold in 10-15 years which is highly unlikely.
“Sheikh Jassim’s bid consists of the £5 billion sum that will go to the sellers if successful, plus additional amounts for club facilities and other investments, one of the people said.”
So as I said earlier on this is £5 billion for the Glazer’s 69% controlling part of the club therefore is over $1 billion each for each Glazer as £5 billion is $6.3-6.4 billion dollars, the Qataris want 100% of the club but that isn’t owned by the Glazer’s and is shared out by randoms which the Qataris would have to buy up afterwards.
I didn’t believe that the £5 billion offer would include money promised for work on the club in infrastructure and transfer investment as the Glazer’s being the parasitic cnuts they are couldn’t give a feck about the club after they’ve squeezed that last bit out of it, everyone was too busy listening to sports journalists who know nothing about finance.
So it basically comes down to do two parasitic cnuts agree to feck off for over $1 billion along with their siblings or stay on in the hope they’ll be getting dividends each year and pray they get a big sum IF the club was sold in 10-15 years which is highly unlikely.
Two separate points: The additional funds promised by Qatar to develop the stadium etc were just included to get fans on board. And it has worked based on the huge support for their bid on here.
Any seller who is disposing of an under performing asset will always look to retain a minority stake to capture the upside when it starts to perform in line with its potential. So of course the Glazers want to keep something but they won’t have any control after the sale.
I don’t want Qatar, state ownership will kill / is killing football.
Any seller who is disposing of an under performing asset will always look to retain a minority stake to capture the upside when it starts to perform in line with its potential. So of course the Glazers want to keep something but they won’t have any control after the sale.
I don’t want Qatar, state ownership will kill / is killing football.
Lucky it’s natural gas money then huh.
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