Club Sale | It’s done!

[pjaya]

Feck the glazers.
i just hope it won’t disturb Eth transfer situation, else next year United will again be hampered by those parasites again

 

[croadyman]

Hard to believe we're very likely not going to be rid of them. Rival fans must be pissing themselves laughing.

Yeah I don't blame them we are fecked alright

 

[bosnian_red]

Even if Sheikh’s bid was higher valuation than Ineos, it would be true Glazer arrogance to still reject it just because they didn’t like the fact he gave them a deadline.

It's not even arrogance FFS, it's standard business. You give them 3 rounds of offers with one being called "give me your best" and you get 2 offers after, they deserve to be told to feck off at that point. It's amateurish from Qatar and not how you conduct business.

 

[Rolaholic]

Which is everyone’s problem with him in the first place

Yea at the beginning of this process, I really never thought we'd have sections of fans basically giddy over the prospect of not only keeping those greedy feckers on in any capacity after the last 18 years but also keeping the dept and having no promise of wholesale investment towards modernizing the club after years of underinvestment...

Mad times innit though , most important is that Manchester stays Manchester (by way of London and Monaco) I suppose

 

[Kaos]

Ratcliffe is giving off huge Glazer vibes. Doing everything he can to get his hands on the cash cow, even if he's not able to compete with wealthier bidders. The Glazers went down the leveraged buyout route, now Ratcliffe is going down the 'leveraged Glazer' route. Utterly shameless.

The sad thing is I don't see the status quo improving under him - we'll still have the debt, we'll still unlikely invest into a new stadium anytime soon, and we'll still have the Glazer parasites lurking about. It's as if nothing will have changed except for the fact we have a 'local lad' at the helm.

 

[Chief123]

It's not even arrogance FFS, it's standard business. You give them 3 rounds of offers with one being called "give me your best" and you get 2 offers after, they deserve to be told to feck off at that point. It's amateurish from Qatar and not how you conduct business.

Fascinating to know you’ve been involved in the whole negotiation process.

 

[Balljy]

Ratcliffe could be playing this clever as well. He can manipulate the share price of the public stake by stopping dividends until he buys out the Glazier shares at their fixed priced in a few years. That would make the buyout of 100% at the end a lot cheaper for him if he wants to do that.

 

[Hester_manc]

I doubt that INEOS will mean anything positive for United. No new major investments in the club, and the debt is still there - the same are Glazers. INEOS has not improved a club like Nice, how should they be able to improve a big club like United with a lot of debt? From bad to worse.

 

[STYLOISRED]

I dread these Qataris buying Liverpool if they lose out to sir Jim. I have zero faith in SJR being competent enough to compete with three state backed clubs.

 

[Rightnr]

It makes sense Qatar are banking on the fact their bid is easier operationally and provides certainty for the sellers. If you pay cash on the spot, you usually get preferential rates in a deal. This compares to a complex structure of a deal where the Glazers still retain risk, even if the risk is that Ratcliffe might not pay up for the remaining stake in the future.

If the Glazers want to exit, they cannot expect their valuation to be met fully but these guys are delusional.

 

[KiD MoYeS]

At what stage do one of the bidders publicly back out, they're been taking for a ride here.

Looks like we are close to this now, hopefully there are some parting shots from the sheikh.

 

[kouroux]

The good guys have won

The Qataris then ???

 

[bond19821982]

We are so fecked. Glazers atleast would spend money every year . INEOS will just feck it up.

The infra investment is another concern. Seriously, thought the good days are ahead when they were about to sell the club. At this point, I wish Glazers would stay.

 

[Telsim]

Amateurish already offering ridiculously over the odds? You do realise buying 51% is a lot different and less risky than buying 100% at the same share price?

I mean, that's great, but the only thing that matters is which offer puts the most money in the Glazer pocket. The Qatari have failed to understand this and keep going on about promised investment. A topic that is in no way, shape, or form relevant to the outcome of the process. And keep putting bid after bid that still puts less money in the Glazer pocket. At no point did they offer more money than Ratcliffe's offer. If they weren't ready to pay for it, they should have just walked away a long time ago. They were banking on the fact they offer to pay upfront, but less. When the Glazers are concerned, offering to pay less is an immediate death sentence.

They failed to understand the people they are dealing with - that is amateurish. Ratcliffe on the other hand seems to know exactly the kind of people he is making a deal with.

It is unfortunate in my eyes, but it is what it is.

 

[Valencia Shin Crosses]

Amateurish is not taking any deadlines seriously. Amateurish is not taking competition seriously. Amateurish is making 2 offers after what was supposed to be the 3rd and final round of bidding. Ratcliffe was smart and clever with negotiations and found a medium that got him discussing finer details with them to get the deal done, with the eventual succession plan to be the full owner. Qatar didn't have the business nous to think of that. That's all it is. They've been entirely amateurish this whole process, Ratcliffe has been smart and showed his experience at getting deals done.

What a bunch of cope. Do you also think that the Glazers were smart and clever by finding a way to leverage a buyout back when they first took over? Financing the sale of the club was a brilliant move by them, they were real pros in getting the asset they wanted for very little up front.

If anyone’s being amateurish it’s the fecking Glazers here, who have ran a process that could have been wrapped up in April at the latest, well into June because the stupid siblings can’t make a decision.

 

[croadyman]

Least it's over by the looks of it,shame we still haven't got rid of any leeches after 18 years. Like others have said they will still be having a significant say and showing their ugly mugs at any finals too

 

[Kinsella]

They wouldn’t be if it wasn’t an option

INEOS has also made an offer for the Glazer’s entire 69% shareholding, which reportedly values the shares at higher than the Qatari bid.

 

[hobbers]

Ineos going to end up more unpopular new owners than the Glazers in 05 and the club more of a laughing stock than Chelsea at this rate.

 

[pocco]

Qatar are the worst negotiators

"We won't be held to ransom"

*4 bids later*...

"ok, one more bid but no more negotiating after this week... No honestly, this is definitely our last bid"

 

[OmarUnited4ever]

I have not been following this closely but what is Qatar offering here? Is it a £5.2B for 100% of the club and then another £1B to invest on the club (total is £6.2B) or is it £4.2B for 100% of the club and then £1B investment pledge (total of £5.2B)?

 

[Amir]

Even if true......what kind of process are Raine/Glazers running here.....

It really is appaling the way they are dealing with this....

What looked like a decent process early on has now turned into an ugly attempt to extract every penny possible.

 

[redcucumber]

Debt remaining and Glazers staying is about as bad it gets. We are cursed.

 

[Judas]

I am impressed by how amateur the Qatar bid has been, doesn't exactly feel like they've got the best men on the job does it.

 

[L1nk]

Yea at the beginning of this process, I really never thought we'd have sections of fans basically giddy over the prospect of not only keeping those greedy feckers on in any capacity after the last 18 years but also keeping the dept and having no promise of wholesale investment towards modernizing the club after years of underinvestment...

Mad times innit though , most important is that Manchester stays Manchester (by way of London and Monaco) I suppose

Nobody is giddy to keep the Glazers around, hell you can be sure even Ratcliffe doesn’t want the Glazers around.

You people just make shit up in this thread and run with it for some reason and it really baffles me as to why

 

[Fr. Todd Unctious]

Amazing to see lads so trustworthy of Jim

https://www.walesonline.co.uk/news/wales-news/ineos-factory-once-planned-wales-19422778.amp

Glazers absolutely will not leave eventually either. They'll keep leaching off the club for as long as they can

 

[Chief123]

If the reports are true about there being call and put options with the Ineos bid then from a financial point of view the Glazers would be correct in accepting the ineos bid. Regardless of what rise in value the club has over the next 3 years, the glazers will be able to force the sale of their shares at a pre-agreed price and likewise SJR can enforce a buy.

 

[croadyman]

Ratcliffe is giving off huge Glazer vibes. Doing everything he can to get his hands on the cash cow, even if he's not able to compete with wealthier bidders. The Glazers went down the leveraged buyout route, now Ratcliffe is going down the 'leveraged Glazer' route. Utterly shameless.

The sad thing is I don't see the status quo improving under him - we'll still have the debt, we'll still unlikely invest into a new stadium anytime soon, and we'll still have the Glazer parasites lurking about. It's as if nothing will have changed except for the fact we have a 'local lad' at the helm.

Yeah one day his biggest supporters on here will realise their moral stance has led to them backing the wrong horse. Dread to think how long it will take to see any improvement in stadium and facilities. We will also lose the best players from Women's team so very little positives really

 

[L1nk]

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[Edwards6]

Today I feel Qatari

 

[jm99]

I have not been following this closely but what is Qatar offering here? Is it a £5.2B for 100% of the club and then another £1B to invest on the club (total is £6.2B) or is it £4.2B for 100% of the club and then £1B investment pledge (total of £5.2B)?

The way the journos are reporting it, it's the first one

 

[lsd]

Qatari's either get the club, or set up SJR to be completely hated by the fanbase for allowing the Glazers to stay in some capacity and not clearing the debt.

Well not really. I would think a lot of the United fans prefer Jim to Qatar easily

 

[Adisa]

Looks a little desperate, yes. A Hail Mary, possibly, but I think it is more likely that, as per The Times above this is a bit of PR cover to allow Qatar to walk away before Ineos emerge as winners - "we tried, but the Glazers didn't want to sell". It seems that negotiations between Ineos and Raine are a long way down the road.

In my opinion, this has been done for a while. I’ll say it again, Jassim was never a serious bidder.
Pound for pound Jassim’s bid is far lower thanBrexit Jim’s.
I don’t think people still understand the concept. The Glazers only care about what enters their bank account. They don’t give a shit about enterprise value. As far as they’re concerned, the debt is another person’s problem.
Brexit Jim has offered the Glazers a share price valuati Of £5bn+ excluding the debt. Jassim has offered the Glazers a Full sale offer with an EV of £5bn+. In that scenario, the Glazers will be getting far less money.
The Times reported a month ago that those close to the bid thought that Jassim is not a serious guy. I have seen nothing to disprove them.
The other thing that is clear Jassim doesn’t have any serious backing and why I am surprised at those that have gone full Qatari without thinking objectively. It’s a massive concern that Jassim is even being outbidded by Brexit Jim. I guarantee you, if Jassim had the backing everyone here thinks he does, this would not be a contest.
I repeat, Jassim is not a serious bidder and by this time on Friday he will be out of the race.
I’m not keen on Ratcliffe. In fact, I don’t want him but if he’s the only serious bidder, what choice do we have?

 

[Reditus]

Qatar are the worst negotiators

"We won't be held to ransom"

*4 bids later*...

"ok, one more bid but no more negotiating after this week... No honestly, this is definitely our last bid"

Out of all Qatari's who could have gone for us we ended up with their version of David Brent

 

[Rightnr]

Yea at the beginning of this process, I really never thought we'd have sections of fans basically giddy over the prospect of not only keeping those greedy feckers on in any capacity after the last 18 years but also keeping the dept and having no promise of wholesale investment towards modernizing the club after years of underinvestment...

Mad times innit though , most important is that Manchester stays Manchester (by way of London and Monaco) I suppose

It's some proper Stockholm syndrome crap. Absolutely gg to this club. We're about to become the noisy neighbours in our own house.

 

[BluesJr]

Disappointed Qatar obviously don’t feel like they need to own the biggest football club in the world. That would be such a win for them I don’t understand the lack of desire to get the deal done.

 

[Kaos]

I am impressed by how amateur the Qatar bid has been, doesn't exactly feel like they've got the best men on the job does it.

I think the issue is SJ clearly wants the club, but his father (and likely premier financier) has gone on the record in saying he doesn't like football clubs as an investment. Hence why he's not just been able to blow Brexit Jimbo out the park with a much bigger offer.

 

[croadyman]

Ineos going to end up more unpopular new owners than the Glazers in 05 and the club more of a laughing stock than Chelsea at this rate.

Wouldn't feel such utter vitriol towards them if they wanted these leeches out. Yes I would have concerns about debt and investment but more willing to give them chance

 

[The Irish Connection]

How is it over? I don’t see any concrete news?

 

[Matt851]

I have not been following this closely but what is Qatar offering here? Is it a £5.2B for 100% of the club and then another £1B to invest on the club (total is £6.2B) or is it £4.2B for 100% of the club and then £1B investment pledge (total of £5.2B)?

It's quite unclear but if jassim is offering less for the glazers share of the club than SJR then there was no point in the final offer. We know the glazers don't care about the club so commitments to invest funds post the sale will be irrelevant to them. Even if jassim offers a bit more they might be concerned about the risk of the deal getting blocked if its found to be state backed

 

[JustinC00]

hope it won’t disturb Eth transfer situation

Already is, ETH wants to buy a GK and the board has decided to extend De Blunder for 200k a week. We aren't ever going to progress with him in goal. FA Cup final showed that, he single handily lost that one with his bad positioning, shite passing and his usual howler in a big match.