Todays
Isn't todays reported bid $6.5B + $1B debt?
Or GBP 5.2 + debt removal?
Isn't todays reported bid $6.5B + $1B debt?
Or GBP 5.2 + debt removal?
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik @Rood and Imran @Annihilate Now! start with the good news by celebrating Manchester United Women's emphatic FA Cup win over Spurs at Wembley and the future of manager Marc Skinner.
Then it's the bad news and the ever worsening form of our Men with losses to Arsenal and Palace.
Finally the main debate - ETH Out now or keep him until the end of the season - if not longer. Are you Team Nik or Team Imran?
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None of that is relevant to the takeover process though. Qatar made all those promises and - shocker - the Glazers didn't give a shit because it doesn't matter to them.
This ignores the opportunity cost of having the money today rather than in 3 years. You can stick the money in an investment fund and make 8-10% annually. So even if the money in 3 years is a bit higher, its still not a better offer
He did pledge to pay it off but why would that be involved in the offer to the Glazers for the club? That would be something he does once he has the club surely?
Pricks better get it done.
Fair play for putting a Friday deadline.
Fair play for putting a Friday deadline.
It's the bidding game. If they appear too desperate then they will be taken for a ride.
I dont think thats going to have the desired effect hes (Rat) hoping it will.
The 1b is investment. Stadium, players etc. Not debt.
If you still want the Qatari's in after watching their bidding process you need your head shaking.
Be that as it may, I still don't see where INEOS are going to secure the capital to make those investments. They're already having to compromise with the takeover bid by keeping the Glazers in a minority capacity, I just don't see how from that position they're going to secure the finance needed to clear the debt, and build a stadium and continue to invest in the team.
The problem is he was equally able to do the same negotiation as Ratcliffe, but did not have the business sense to do it. It's a multi billion pound deal. You don't need to do it in one go. We would all love for it to be sorted out asap. But being realistic, it's a long term ownership plan, if it takes some time to take full ownership but you get control now, that's still a win. Ratcliffe understood that. Qatar did not.
Talk of the devils said Ineos won't clear the debt
You did, you beautiful human, you did!
This is why I'm not fearful of Ratcliffe not pumping in a tonne of investment and/or clearing the debt, If there was even a whiff of a chance to make another dollar off this club without putting any money in the Glazers wouldn't be selling.
Who ever takes over can't take over just to milk us dry like the Glazers did because there is nothing left to give.
Both prospected buyers know the Club needs major investment every where to compete at the top with the ever increasing competition in this league and they wouldn't waste their time bidding if they weren't prepared to do it.
Newcastle cost 300m, not 6B+ though
Very different. Ashley was also 100% trying to get out
See, you even get it yourself. It crossed my mind as well. Like when they got offended that the Qatari statement threw shade on their period of ownership of the club.
The Glazers are scum. Petty, greedy, selfish, and dishonorable of the absolute highest order. The Qatari have continuously made the mistake of thinking they are dealing with shrewd and sensible businessmen. That they would accept a far easier option for slightly less money, and bow out of the club. Well, they were wrong.
One bad club owner allied with another bad club owner. What can go wrong?
Yeah, payment up front would definitely be taken into consideration by the Glaziers as it gives them returns on whatever they invest it in. It's also got a negative tax-wise though so they'd have to run the numbers on it.
Qataris will go and buy Liverpool or Spurs then we will be in trouble.
I'd say it's the Glazers causing the problems, they're the ones that set deadlines then never made a decision. I think whatever bids came in they would of dragged it on as long as possible to make more money
If that was the case they'd have accepted Jim's offer weeks ago
I’m not sure why people are removing debt from the Qatar offer. The offer is to buy Glazers out of the club. The club owns the debt sadly, not the Glazers.
Something that is a bit odd though is this $1bn investment on top. Why would they put that in their offer? It’s essentially saying to the Glazers “We have an additional $1bn but you can’t have it”. Any worthwhile negotiator is going to look at that additional $1bn the Qataris have and think “So you have more money, how about you add it to the offer instead?”
Something that is a bit odd though is this $1bn investment on top. Why would they put that in their offer? It’s essentially saying to the Glazers “We have an additional $1bn but you can’t have it”. Any worthwhile negotiator is going to look at that additional $1bn the Qataris have and think “So you have more money, how about you add it to the offer instead?”
Sure the Glazers have been a joke. You still have to know how to negotiate to buy the business from them. It was a hugely competitive bidding process. Qatar was very well capable of doing what Ratcliffe has. Does it matter in the grand scheme if they have full ownership now vs in 2 years? Not in the slightest. Qatar have just lost the bidding process by not being good negotiators, that's all there is. Glazers own the club as much as we hate it, they get to decide if some want to remain as minority holders.
I think the remainder would be strucuted via call options so the price per share is fixed for Glazers in advance if he wants to buy the whole club.
So, not only do we get Glazers 2.0 we actually keep Glazers 1.0 as well. I don't understand how anyone can think this is anything but a total unmitigated disaster and a worst case scenario. Ratcliffe has promised us absolutely nothing about what he's going to do, absolutely nothing. I don't think there's any reason to believe the club will be run even slightly differently to how it is being done now. I'm half expecting him to give Avram and Joel advisory roles.
Nobody really knows anything about the behind the scenes of these bids, it's tedious as feck reading about how one or the other is "amateur".
The Qatari bid hasn't exactly come off looking very professional here. And I imagine the optics are important for them. Expecting some damage control, Glazer bashing PR if they don't succeed.
You don't know if a twitter handle called Muppetiers is a bullshitter?
Wrong! We'll also still continue to have the glazers
They've been directly negotiating on finer details for weeks while Qatar has been left behind still trying to get back to the table. Getting a deal this big done takes time. Yes it's taking too long, but they are clearly progressing with Ratcliffe.
Europe's elite are shaking in their boots at the thoughtWrong! We'll also still continue to have the glazers
It's a strong bid. The only issue with the Qatari bid from the start until now is the obsession with immediate 100% ownership. It's principled but just tying their own hands behind their backs.
But people just hear Rat has valued the club higher without clocking his offer is a measly $3bn for 50.1% with no mention of debt repayment. Not a strong bid at all, it's a 'bend over for the Glazers' bid.
Yeah this is true. Posters saying if you've watched the qataris bidding and still want them in you're crazy. Ignoring that none of us have watched them bidding, we're just getting reports from journos that have been consistently wrong
5.3-5.4b
But over 3-5 years.
Exactly. City cost next to nothing as did Newcastle compared to us. The Glazers have run us into the ground and neglected the infrastructure. Whoever buys us is basically buying the history and fanbase. The winner has a big job on their hands and the perpetrators hovering about like a swarm of flies round sh*t in the background.
That's only for the Glazier shares (including the public ones they own I assume). They can't discuss selling the other public ones yet which is where they could run the final price down by not paying dividends.
There are plenty who won't give a toss.
Those shares (assuming you refer to class B) can be converted into normal shares. In fact they need to be converted before the takeover because they have 10x more voting rights.
And maybe Ratcliffe thought this through from the beginning and therefore hasn’t provided any figures regarding infrastructure investment.
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