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Club Sale | It’s done!

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the_cliff

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Newcastle cost $415m…

Jassim can afford to bid $6.5b for Utd…

So, he’s literally just bid SIX BILLION dollars more than what Newcastle was sold for.

He can (and defo will imo) easily buy basically any other PL team and still afford to put a few billion into the club for less than this bid, as he should do, and punish the Glazers for their greed and insolence.

Make no mistake, this a huge bid for an asset that the Glazers have recklessly mismanaged and run into the ground.

The guy is bidding $6.5 just to them and pledging, publicly, to additionally free our club from the Glazers’ debt.

They should be fecking hounded by Utd fans if they refuse this. This is new territory for them and us all.

This is our chance to be free of them at last.
I agree.

Some people unfortunately don't know how much 6bn actually is.

Saudi for example have barely invested 500 mill on players, their total investment in Newcastle is most likely less than a billion and they had Newcastle finish 1 point behind us this year, imagine what you can do with 6.
 

L1nk

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You are misunderstanding it mate.
I don't think I am considering either way the Glazers will be getting roughly the same amount of money from both bids but stand to make more in the long run if they pick Ratcliffe. Which blows my mind as to why Jassim doesn't offer more seeing as how his wealth is apparently ridiculous

If I am wrong i'm willing to take an L on it but from all reports it says that he still hasn't technically outbid/outvalued Ratcliffe's offer, in 3 bids.
 

LordSpud

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Right but in Jassim's bid if he means 100% of all the shares and not just 100% of the Glazers shares then a big chunk of his money won't even be going to the Glazers so essentially Ratcliffe has not massively underbid, they're roughly the same if not edged slightly in favour of one of them but the numbers and percentages make them look different.
Yes they are effectively the same but what gives SJR the edge is that he is giving the Glazers a way to stay at the club. For me, that's why he will win.
 

Castia

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PSG are established as one of the top European clubs, they've spent a lot of money sure but so have many others.

The fact is their claim to fame before Qatar was 1 league title and having Ronaldinho play there for a few seasons

Take PSG out of the equation why can't Jim compete for a top 4 finish? fair enough he doesn't want to invest hundreds of millions into Nice to win the league but a European finish should be a bare minimum objective and if it Isn't that owner should be nowhere near United to begin with
 

Pexbo

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No I mean that up until now the Glazers have invited bids and either privately said their asking price of £6bn or publicly leaked it. They’ve sat on those bids and and then invited more with firstly an official offer schedule and secondly just by holding out until more offers come in.

What I’m suggesting is that they might change tact if they believe it’s Qatar’s final offer and Qatar have reached the point where they are sick of waiting and being left in limbo.

If this offer still isn’t enough and it’s genuinely the final offer and they’re planning on rejecting it and their real asking price is lower than the one they have used to negotiate then it would make sense for the Glazers to make a counter offer of their real asking price assuming it’s above what INEOS are offering. Something like £5.6bn (forgetting investment on top etc) and they shake hands - done deal.

I’m sure if the Qataris knew they could put up an additional £400m to end this charade and get the club they’d do it.

I think there’s a good chance this is the position the Glazers have been working towards. Nobody wants to show their cards to early when negotiating.
To add to this, maybe that’s why the Qataris have advertised the additional $1bn investment on top. They’re saying to the Glazers’s “Look we have another billion to play with here. Stop messing around and tell us how much of it we need to add to the offer to get this done”.
 

Enigma_87

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But it's 51% of the Glazers 69% of shares, they don't own 100% of the shares of United, the rest are publicly owned and have no controlling stake in the club. If Jassim is saying he's bidding for 100% which includes the publics shares too then his valuation is considerably lower than Ratcliffe's isn't it? He's not bidding a lowly 2-3 billion for nearly all of the Glazers' controlling shares, why would they accept that?
First off there are class A and class B shares which makes those calculations way off. Most of those that are floating off the nyse are without voting rights - hence a lot less expensive.
 

VP89

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I don't mean this as a joke, can someone credibly explain who is actually offering more
 

Sviken

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I don't get it? When are these cnuts leaving? It's like they want to feck the next season, as well.
 

AltiUn

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I don't get it? When are these cnuts leaving? It's like they want to feck the next season, as well.
They don’t care if they feck next season because they’re utterly abysmal owners
 

Kaos

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I don't mean this as a joke, can someone credibly explain who is actually offering more
I mean Qatar are offering more in the literal sense - but they want 100% of the club. Whereas Ratcliffe is offering a better 'value' deal for 50.1%, which will obviously be a smaller figure, but he's offering it at a higher price per share.
 

L1nk

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Yes they are effectively the same but what gives SJR the edge is that he is giving the Glazers a way to stay at the club. For me, that's why he will win.
Which is what i've been saying but people are saying he's bidding under half the amount that SJ has, which technically isn't true
 

VP89

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I mean Qatar are offering more in the literal sense - but they want 100% of the club. Whereas Ratcliffe is offering a better 'value' deal for 50.1%, which will obviously be a smaller figure, but he's offering it at a higher price per share.
That I do understand but if we fast forward to the scenario of Jim buying the remaining Glazer shares, how would that look? I guess we don't know the call option price he'd have but I'm assuming it's not going to be stupidly high per share.
 

croadyman

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Ultimately the Sheikh bid would need to match or beat the money Glazers will get from their binding put/call options on their shares.
Yeah not matching that figure says to me that Jassim doesn't want the club bad enough
 

putzmcgee123

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People acting as if Qatar essentially matching the INEOS bid is a sign of them walking away?

A lot of wishful thinking and delusion going on
My interpretation of this play by the Qataris is that they are:

  1. Seeking to push this saga past the finish line.
  2. Have a better defined cap for what they are going to offer.
Without this, the 6 Glazers are bound to keep dallying as it seems they can hardly agree what colour the sky is. Absent of ultimatums from a bidder, there is nothing forcing the Glazers to cut to the chase.

Additionally, this acts as a stopgap for the Qataris that will stop the Glazers from just using the improved bid in hopes of getting a better bid from INEOS/whoever else.

TL;DR - The Qataris are telling the Glazers, "here is a bid for 100% valuing the club almost matching INEOS' valuation. Go exclusive with us before Friday and we can negotiate further. If not, we're out."
 

bosnian_red

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Jim is richer than abramovich was when he took over Chelsea, there's no reason for him not to invest heavily in Nice
There are plenty of reasons. For one, Abramovich took over Chelsea for sportswashing reasons the same as the Arab owners. They don't care about losses. They don't care about being sustainable. It is about buying fans for their cause to cover up ethical issues, to use as a political driver for outside of football things, to be a puppet for the state, or for money laundering. Chelsea won the lottery by not being fecked when he got kicked out as he wrote off the 1.5bln debt they owed him, because he wasn't allowed to get any of it.

Ratcliffe is a normal owner who isn't interested in just pumping loads of debt on the club, which then fecks the club when they leave. He took over right before COVID. Are you going to pretend like that had 0 impact on the sustainability of football clubs? Of course it takes time for any normal owner to make an impact. And FFP is around now, which limits club with smaller resources at breaking through the ceilings.
 

Marcelinho87

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Go back 12 months and 99% of people here would have piped off their grandad to get SJR in... "We don't need state funds like City as we can do it ourselves with the right owner , SJR saviour etc etc"

Qatar rears its sportwashing machine and everybody fecks off their values and original thoughts.

I'd rather Qatar myself for the simplicity of it, but fecking right I'll take SJR over the Glazers remaining in control.

Minority shareholders gives them feck all, absolutely feck all
 

Kaos

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That I do understand but if we fast forward to the scenario of Jim buying the remaining Glazer shares, how would that look? I guess we don't know the call option price he'd have but I'm assuming it's not going to be stupidly high per share.
That's purely hypothetical at this stage, and it would be hard to project what the share price would be and the club's valuation in the future. But in theory it could be more than the £5billion Qatar is offering when you compound it all together. My guess is the Glazers still feel that the club hasn't fully amassed its commercial potential, so feel they'd be able to garner a lot more when they sell off their remaining share in the future.
 

Berbaclass

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My interpretation of this play by the Qataris is that they are:

  1. Seeking to push this saga past the finish line.
  2. Have a better defined cap for what they are going to offer.
Without this, the 6 Glazers are bound to keep dallying as it seems they can hardly agree what colour the sky is. Absent of ultimatums from a bidder, there is nothing forcing the Glazers to cut to the chase.

Additionally, this acts as a stopgap for the Qataris that will stop the Glazers from just using the improved bid in hopes of getting a better bid from INEOS/whoever else.

TL;DR - The Qataris are telling the Glazers, "here is a bid for 100% valuing the club almost matching INEOS' valuation. Go exclusive with us before Friday and we can negotiate further. If not, we're out."
That’s also my interpretation. We shall see!
 

mu4c_20le

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My interpretation of this play by the Qataris is that they are:

  1. Seeking to push this saga past the finish line.
  2. Have a better defined cap for what they are going to offer.
Without this, the 6 Glazers are bound to keep dallying as it seems they can hardly agree what colour the sky is. Absent of ultimatums from a bidder, there is nothing forcing the Glazers to cut to the chase.

Additionally, this acts as a stopgap for the Qataris that will stop the Glazers from just using the improved bid in hopes of getting a better bid from INEOS/whoever else.

TL;DR - The Qataris are telling the Glazers, "here is a bid for 100% valuing the club almost matching INEOS' valuation. Go exclusive with us before Friday and we can negotiate further. If not, we're out."
Why don't they just beat the offer?
 

DomesticTadpole

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Which is what i've been saying but people are saying he's bidding under half the amount that SJ has, which technically isn't true
So it will be more money in longterm? What they get now, divi on shares and then whatever SJR pays for their shares down the line?
 

VanGaalEra

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At this point I couldn’t care less who it is, we just need this to be resolved asap so we can move forward with ETH transfer plans.
 

jm99

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There are plenty of reasons. For one, Abramovich took over Chelsea for sportswashing reasons the same as the Arab owners. They don't care about losses. They don't care about being sustainable. It is about buying fans for their cause to cover up ethical issues, to use as a political driver for outside of football things, to be a puppet for the state, or for money laundering. Chelsea won the lottery by not being fecked when he got kicked out as he wrote off the 1.5bln debt they owed him, because he wasn't allowed to get any of it.

Ratcliffe is a normal owner who isn't interested in just pumping loads of debt on the club, which then fecks the club when they leave. He took over right before COVID. Are you going to pretend like that had 0 impact on the sustainability of football clubs? Of course it takes time for any normal owner to make an impact. And FFP is around now, which limits club with smaller resources at breaking through the ceilings.
Look tbh, I don't really want an owner that just wants to come in and make us sustainable, so if that's all Jim can offer rather than returning us to the top then thats not really a plus point for him
 

Spoony

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No I mean that up until now the Glazers have invited bids and either privately said their asking price of £6bn or publicly leaked it. They’ve sat on those bids and and then invited more with firstly an official offer schedule and secondly just by holding out until more offers come in.

What I’m suggesting is that they might change tact if they believe it’s Qatar’s final offer and Qatar have reached the point where they are sick of waiting and being left in limbo.

If this offer still isn’t enough and it’s genuinely the final offer and they’re planning on rejecting it and their real asking price is lower than the one they have used to negotiate then it would make sense for the Glazers to make a counter offer of their real asking price assuming it’s above what INEOS are offering. Something like £5.6bn (forgetting investment on top etc) and they shake hands - done deal.

I’m sure if the Qataris knew they could put up an additional £400m to end this charade and get the club they’d do it.

I think there’s a good chance this is the position the Glazers have been working towards. Nobody wants to show their cards to early when negotiating.
If they pull the plug, what's stopping Ratcliffe lowering his offer knowing he's the last man standing?
 

bosnian_red

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Look tbh, I don't really want an owner that just wants to come in and make us sustainable, so if that's all Jim can offer rather than returning us to the top then thats not really a plus point for him
An owner coming in and running us smartly is literally all that we need. We don't need a sugar daddy, and if they aren't smart owners, then we won't get any closer to City.
 
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