Club Sale | It’s done!

Status
Not open for further replies.

TheNewEra

Knows Kroos' mentality
Joined
Jan 20, 2014
Messages
8,325
Thats what the article says mate that they won't allow it.
I dont see why any owner would allow it until the deals complete either, you don't hand over the keys to your house when someone says they'll pay the asking price
 

Berbaclass

Fallen Muppet. Lest we never forget
Joined
Jan 23, 2010
Messages
40,032
Location
Cooper Station
I dont see why any owner would allow it until the deals complete either, you don't hand over the keys to your house when someone says they'll pay the asking price
Probably just the Telegraph trying to get clicks when there's no actual news.
 

Member 125398

Guest
A question to all of you who support SJR/Ineos.

What’s your fear regarding being owned by Ineos and the remaining Glazers siblings?
Are you 100% sure that in the future our current and new debts will not affect United’s finances in any way?
Do you honestly fully trust SJR and his intentions bearing in mind his previous track record as a businessman and political influencer?

My questions isn’t to be provocative or in bad faith but more so we can have a fruitful debate on pros and cons of both bidders. This isn’t a question about who’s better or worse. My interest is your general thoughts and fears about being owned by Sir Jim and Ineos. I don’t expect anyone giving black and white answers but it would broaden the debate to trying to view both bidders from to opposing perspective instead of just repeating same old arguments.
Not sure what you mean by this but there's little doubt his intention would be for United to be successful.
As for the rest, very far from ideal but not as bad or insecure as the alternative. I'll still be in the 'not a penny' camp.
 

DOTA

wants Amber Rudd to call him a naughty boy
Joined
Jul 3, 2012
Messages
24,514
I wouldn't fully trust the intentions of anyone who has enough money to buy United. All billionaires are cnuts.
 

SmallCaine

Full Member
Joined
Aug 26, 2019
Messages
864
He’s just briefed that he has the approval of the Emir and PSG owner and they see this as one club in their multi club network
Unless he says it in an official statement that is not an official confirmation of anything, you are grasping at straws if you think that can be used to stop any qatar proposal.
 

Berbaclass

Fallen Muppet. Lest we never forget
Joined
Jan 23, 2010
Messages
40,032
Location
Cooper Station
Whitwell on talk of the devils suggesting that Ratcliffe may give preferred equity to the remaining Glazers.
 

Coops73

Full Member
Joined
Oct 17, 2013
Messages
3,353
He’s just briefed that he has the approval of the Emir and PSG owner and they see this as one club in their multi club network
Ok, through which media outlet was this briefed? Not saying you’re lying but I would be interested to read it myself
 

NWRed

Full Member
Joined
Feb 10, 2019
Messages
1,191
I think you’ve seriously got the wrong end of the stick, because absolutely nobody is arguing that the debt from the Glazers leveraged buyout was in any way good.
What I and others have argued is that a small amount of well serviced debt ( paid down over time, not just interest payments and left to fester) is a normal healthy part of business - and therefore any debt involved with infrastructure improvements is not necessarily bad and not a reason to turn our nose up at any bid, particularly the INEOS one.
Obviously if Sir Jim was proposing to leverage the whole 6bn against the club Glazer style then any sane person would have a real issue with it, just as we did back in 2005. As far as I am aware that is NOT what is proposed, nor would that make any sense.
It depends whether that debt is neccessary for the growth of the business. The debt Spurs took on to build their stadium, whilst large, is not bad debt as it has massively increased their ability to earn money over the long term, whereas debt taken on by Radcliffe, the Glazers, or anyone else, to purchase the club and (whether it is secured against the club or not) then using the clubs revenues to pay off interest and/or the capital is always bad.
 

MTF

Full Member
Joined
Aug 17, 2009
Messages
5,243
Location
New York City
A question to all of you who support SJR/Ineos.

What’s your fear regarding being owned by Ineos and the remaining Glazers siblings?
Are you 100% sure that in the future our current and new debts will not affect United’s finances in any way?
Do you honestly fully trust SJR and his intentions bearing in mind his previous track record as a businessman and political influencer?
The framing of the questions is biased. I'm not 100% sure that the sun will come up tomorrow, and the number of people that I fully trust is very low and certainly not someone I've never met.

But I'm more confident that under SJR the club will continue to exist in its present logic, as a sporting entity and a business where winning and profits are aligned goals. And the Glazers are not an example that this alignment doesn't exist, because in failing to be successful on the pitch in the past decade, they have reduced the potential value of their asset. The club could be going for more than GBP 5 billion today, if it were having similar success as in the late 2010s or late 90s/early 2000s.
 

AlPistacho

New Member
Joined
Aug 31, 2022
Messages
1,782
Credible isn't the word I'd use for the Qatari Royal family's news outlet when reporting on themselves.
If you watch Al Jazeera English you’d actually see that they often do report on things that are “uncomfortable” for Qatar.

I think what a lot of people, myself included, find annoying is the absolute ignorance in some of the comments about Qatar, AJ, the Qatar Royal family, etc by people who have no idea what they are talking about, are just parroting things they’ve read that have already been disproven etc.
 

AlPistacho

New Member
Joined
Aug 31, 2022
Messages
1,782

Pretty much what I thought about Ratcliff. To make up for the inability to offer long term and sustained development in all areas he’ll shut fans up with a good window or two.
If RATcliff takes over.. we’ll probably get 1 or 2 good windows..buy good I mean we’ll spend a lot. That will shut up 90% of fans for a while.
 

USREDEVIL

Full Member
Joined
Aug 2, 2018
Messages
4,970
Location
California U.S.A.
How would ratcliffe build a new stadium or refurbish OT without getting into debt and while plunking down money for players? Has he got that kinda money?
 

JagUTD

Full Member
Joined
Sep 20, 2022
Messages
3,234
If you watch Al Jazeera English you’d actually see that they often do report on things that are “uncomfortable” for Qatar.

I think what a lot of people, myself included, find annoying is the absolute ignorance in some of the comments about Qatar, AJ, the Qatar Royal family, etc by people who have no idea what they are talking about, are just parroting things they’ve read that have already been disproven etc.
Was that the English or Qatari Al Jazeera?

People have plenty of idea about them. Within this thread and beyond. Not everyone falls for Qatar PR mate.
 

stw2022

New Member
Joined
Jan 17, 2021
Messages
3,687
How would ratcliffe build a new stadium or refurbish OT without getting into debt and while plunking down money for players? Has he got that kinda money?

Nope. But people will say things like "you don't know for sure he hasn't got that sort of money"

Apparently he's run Ineos for years, content with billions of debt but will definitely clear ours in a heartbeat.
 

JagUTD

Full Member
Joined
Sep 20, 2022
Messages
3,234
How would ratcliffe build a new stadium or refurbish OT without getting into debt and while plunking down money for players? Has he got that kinda money?
Nobody knows how he would.

We can't just assume something would happen and then get worked up over it. We don't even have any examples to look towards because none of City, PSG or Newcastle have built new stadiums so haven't had to finance them.

Most clubs borrow to build a stadium though, or raise finance in some way to part or fully fund it. It's likely we would do that.
 

JagUTD

Full Member
Joined
Sep 20, 2022
Messages
3,234
Nope. But people will say things like "you don't know for sure he hasn't got that sort of money"

Apparently he's run Ineos for years, content with billions of debt but will definitely clear ours in a heartbeat.
How much money does Ratcliffe have, or have the ability to raise? You appear to know so if you could share with us, it would be very much appreciated.

Thank you.
 

DOTA

wants Amber Rudd to call him a naughty boy
Joined
Jul 3, 2012
Messages
24,514
Nobody knows how he would.

We can't just assume something would happen and then get worked up over it. We don't even have any examples to look towards because none of City, PSG or Newcastle have built new stadiums so haven't had to finance them.

Most clubs borrow to build a stadium though, or raise finance in some way to part or fully fund it. It's likely we would do that.
Would imagine you fund one these days by agreeing to name it the Amazon Prime Arena or whatever for a decade or so.
 

stw2022

New Member
Joined
Jan 17, 2021
Messages
3,687
How much money does Ratcliffe have, or have the ability to raise? You appear to know so if you could share with us, it would be very much appreciated.

Thank you.

He can borrow a lot. Which is good news. But not if you're expecting a departure from the last few years.

It's just the irony of people thinking Ratcliffe is going to save us from debt when he runs his companies with far greater debt thab we ever had ever with the Glazer family.
 

MiamiSpartan

Full Member
Joined
Apr 15, 2008
Messages
1,225
Location
Miami, FL, USA
I wonder if the Qataris underestimated JR and bid low thinking it would be enough. And if that’s true is there anything stopping them contacting the Glazers and saying right what’s he offered and upping their bid this week.
They've had 3 rounds of bidding. According to reports, SJR has bid a higher valuation (more per share, i.e., more to the Glazers), in two of the rounds.

If Qatar haven't taken SJR, the bidding process, or the Glazers' valuation seriously by now, what does that say about the seriousness of their intentions at all?
 

JagUTD

Full Member
Joined
Sep 20, 2022
Messages
3,234
Would imagine you fund one these days by agreeing to name it the Amazon Prime Arena or whatever for a decade or so.
City made up a £400m deal over 10 years so I'd imagine United could command a far, far bigger deal without having to sponsor itself.
 

Woziak

Full Member
Joined
May 8, 2018
Messages
3,851
Unless he says it in an official statement that is not an official confirmation of anything, you are grasping at straws if you think that can be used to stop any qatar proposal.
It was reported on an official brief by Al Jazzer, others here have also answered this question to. I suggest you search through the thread and you’ll find it but let’s be clear here I’m not clasping at straws because SJ with Qatar could still easily buy the club with SJ being a completely different entity in name only from PSG owners and we all know they have enough lawyers to get that through Uefa and EPL Prem league fit and proper tests, the part your missing is they’ve been outbid and outmanoeuvred by SJR and that was always their main uSP, that they have the most money, the biggest bid, a world record bid, the best bid !

Well where is it or
As Jerry Maguire would say ;
Show Me the Money ? “
 

MiamiSpartan

Full Member
Joined
Apr 15, 2008
Messages
1,225
Location
Miami, FL, USA
Nope. But people will say things like "you don't know for sure he hasn't got that sort of money"

Apparently he's run Ineos for years, content with billions of debt but will definitely clear ours in a heartbeat.
The nation of Qatar is estimated to have $90 Billion USD in debt, amounting to 30-40% of their GDP (this has been declining).

By the above rationale, they can't afford United and certainly couldn't pay off our debt.

Large businesses, as well as countries carry debt. It's how the world works. I'm not saying it's good for United to have debt on its books (it is NOT, for various reasons that dont apply to regular companies), but it doesn't speak to a company's or country's financial health or purchasing power if they do carry debt.
 

Dion

Full Member
Joined
Mar 18, 2010
Messages
4,386
He can borrow a lot. Which is good news. But not if you're expecting a departure from the last few years.

It's just the irony of people thinking Ratcliffe is going to save us from debt when he runs his companies with far greater debt thab we ever had ever with the Glazer family.
That's because he runs a chemical company, debt levels for conventional companies like that aren't abnormal.
 

JagUTD

Full Member
Joined
Sep 20, 2022
Messages
3,234
From the latest tweets, Jim is giving me Boehly vibes. Which is not necessarily a good thing.
How so?

Based on wanting control of transfers as soon as the green light is given?

Surely then, Jassim wanting full control of everything in the same situation is closer to Boehly, given he basically occupied every position within Chelsea at one point.
 

Woziak

Full Member
Joined
May 8, 2018
Messages
3,851
Ok, through which media outlet was this briefed? Not saying you’re lying but I would be interested to read it myself
It’s been briefed in multiple news outlets
Here’s just one https://www.express.co.uk/sport/foo...over-Sheikh-Jassim-Sir-Jim-Ratcliffe-news/amp

He’s basically has the approval of the Emir and PSG snd united would look to be part of a multi club company with PSG, Braga, Man united and others , so jets stop pretending this is a key aye bid it ckearly isn’t and has never been a priority bate bid however they wish to present it to UEFA and EPL
 

mu4c_20le

Full Member
Joined
Jul 7, 2013
Messages
44,893
Interesting. You'd expect Qatar to want to push those mega transfers as soon as possible. But they just want full control. A scary thought would be that they turn out to be incompetent in the end. Everyone seems to be expecting City like structure.
 
Status
Not open for further replies.