Yeah another reason it's hard to trust him
"Sir Jim Ratcliffe and his petrochemicals firm, Ineos, have emerged as clear favourites to complete a deal with the club’s owners, the Glazer family, and have entered the final stages of negotiations with Raine, the New York bank handling the sale."
So if they are just trying to bait out Qatar why is pretty much every form of British media reporting him as such overwhelming favourite
Perhaps because that’s what the Glazers are feeding them all in order to… you know… bait out more dosh from the boy Jassim!
Yeah pointless not matching your rivals bid
Yeah this is the part that does concern me about all of their bids right from the start
I do.
Yeah when Ratcliffe wins he needs to address the two big elephants in the room straight away. Unfortunately there won't be any cause for celebration due to those leeches staying on for another couple of years at least
Indeed. IF he wins.
Yeah that's the odd part
The only thing we have heard from them about the debt is INEOS will take it on. Why is he so afraid to say he will clear the debt,can only be because has zero intention of doing that. So if the NDA was so binding how come Qatar weren't afraid to make bold statements.
Don’t think anyone would have objected if the glazers had bought the club with their own money and financed £1b to develop OT/Carrington.
Exactly. Ratcliffe might turn out bad, but there’s no need for him to be publicly saying this or that. If Microsoft was buying another company, you wouldn’t hear the CEO giving a running commentary, and there are as big and bigger deals than this happening all the time.
Dont be stupid now!! They are rich not stupid! Stupidity on this forum about Qataris Just throwing money away is laughable.
How are you coming to that conclusion
Great post and i agree with all of this except the last bit. There's been enough information that we know the situation re intentions; four Glazers want to sell, while Joel and Avram want to stick around. So it's not a bluff so much as they've been pressured to sell and are exploring options. That why I think Sir Jim and Ineos is likely; it's the best of both worlds for Joel/Avram, as they get to stay involved and earn money for longer while no longer being the figurehead.
Yeah they are gonna be sticking around sadly
this again
An NDA would not have prevented him from saying he’d clear the debt, invest in stadium/Carrington , invest in men’s & women’s squad and local area.
Yeah exactly he had a chance to say it
Don’t be so sure.
Both parties made statements announcing their bids in November and what they’d bring to the table.
Jassim: This is my bid.
Know something we don’t then?
Shame Ratcliffe still hasn't addressed debt
There could be merit to both bids even though the finances might not match each other.
Will Ineos invest substantially whilst the two leeches are still holders of B-class shares? Why undertake the existing debt and take a new loan and still have the 2 cnuts on Board?
If Sheikh Jassim flew a giant undead dragon around, he'd have won the bid by now.
Yeah and after his inevitable dragon fuelled victory it would be awesome if he went and torched the Glazers to cinders on a final farewell flyby.
This makes sense to me. Why do they keep encouraging Qatar to improve their bid while Sir Jim treads water. Something fishy here.
Once the key points of the deal are agreed to, yes, the paperwork takes time, but usually they close bidding. The board/management shift gears into executing the due diligence and finalizing the paperwork. You don’t continue to solicit bids. An MOU with the deal points is signed, typically with an exclusivity clause that bars the selling party the right to solicit other offers while under due diligence. We’re talking potentially millions of pounds in legal fees and investment banking fees fellas. You still get billed for those no matter if the deal goes through.
