He was then reprimanded by Raine as was SJR. It’s very likely that the NDA forbids any comment on the sale and both parties breached it with their bid PR statements.
Club Sale | It’s done!
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Didn’t Jass meet Glazers at their hotel recently?SJR is the more serious one isn't he. Money aside at least he turned up to the fecking meetings in person
INEOS/SJR have a bid in for the 69% of class B shares too. So I’m not sure what’s “not true”
God knows but he wasn't at OT for the round of formal talks. He sent his advisors whilst SJR came in person.
Any hotel meeting was a rumour.
Both bid parties were reminded of NDA by Raine after their statement to the press at 1st bid. It’s likely neither of them should have made a PR statement to the press.
Not necessarily. They might just do it all BCD and announce a completed transaction when it’s done.
what will Raine do about it, sue and alienate the bidders?
The rumours still seem to be indicating that the Radcliff bid is still offering a higher price per share.
Seems bizzare that Jassim would still submit a bid that clearly won’t be as lucrative tithe Glazers.
Seems bizzare that Jassim would still submit a bid that clearly won’t be as lucrative tithe Glazers.
It's almost as though he's not serious.
Given that we are already seeing other clubs tie up big transfer deals while MUFC won't even know what the budget and business plan for next season look like, would it be disrespectful to criticise our current owners for not even being able to sell the club competently?
the ineos bid for the 69% is lower then jassim’s so if they just wanted more money it would be over in that sense too.
I’ve always thought since day one this is an extract as much money out of the state of Qatar and pamper to Jim and the boys to keep the pressure on.
Could be well off but if they just wanted the most money Jim’s bid has been sitting their for months now and they keep inviting jassim back to bid more.
The thing people seem to be stuck on is why don’t the Qataris overpay if they want us that bad.
Pause a second and think how overpaying for a single player like United have has carried over to further transactions down the line.
In the fantasy world of having unlimited wealth the solution would be chuck money at it, but there’s negative consequences in the real world.
It’s so weird that you just make stuff up.
Yeah, at this stage would just be away to walk away if it’s not accepted tomorrow. Maybe an odd way of saving face. Who knowes, but unless he matches Radcliff’s share price no chance it gets accepted
Don't they have to disclose to SEC as soon as they name an exclusive bidder?
Yeah, i think so too. And if they screw up and it blows up in their faces with the Qataris walking out, they still have the ENEOS bid which was valued higher anyways. Even if it is in stages.
Yeah. Struggling to keep expectations within reason. Every possibility the Glazers could call the Qatari's bluff and don't do anything tomorrow.
Thanks a lot for this post. Very interesting.
14 days I believe
They aren't actually walking away though. They are just leaving the bid there and saying they won't be coming back with any revised bid. So if it gets beyond tomorrow and the negotiations with Ratcliffe blow up down the line for any reason, the Qatar bid is still on the table.
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"pro-Jim"
What are you like?We don’t need the details nor the financial implications either bid has for the Glazers down the line.
As an example, Google says they own 4.7 percent of the class A shares that Qatar wants to buy that Jim doesn’t. Those shares are worthless for them if Jim doesn’t buy them so that’s hundreds of millions worth of a swing right there.
I’m sure there’s many more scenarios like that in play
Everyone pro-Qatar seems to assume that a succesful Qatar bid means we will end up being run like City or Newcastle, ignoring what a shambles PSG is.
it’s not made up it was widely known the 50.1% offer was at a higher premium to force the move and the full 69% was lower. This has been in the air since the whole two approaches were announced.
if you don’t like what you hear that’s your problem. If they were exactly the same share value why would he bother with this guaranteeing prices to sell at down the line for them.
Ignorance because you have a preference doesn’t make it correct.
Thing is I worry that whoever buys us it will be a shambles. Not convinced either know how to run a football club properly.
If Jassim doesn't buy us, I reckon he buys Liverpool and that for us will be curtains for us in my opinion.
Reports are that Jassim is massively frustrated, it's been 7 months of time wasting by those fecking bald headed parasites. Just the most grotty, scummy little weasels looking to milk every last penny out of the club.
Makes us look like clowns.
Makes us look like clowns.
I don’t know how people still think SJ equals PSG owners.
I was just about to say exactly this: the fcking vampires aren't ever going to sell. total cnuts
The glazer siblings are not serious people.
Has it? I’ve not seen this, Can you link please?
That’s a generalisation. Impossible to tell at this stage.
they are however very serious w@nkers!
if that's what you believe, then you've bought into the Qatar PR machine hook, line, and sinker.
The shambles that is PSG would be preferable to where we are now. Thats the sad truth of it.
At this stage, I just want new owners. Personally, I don't care if its Qatar or Sir Jim. Both would have significantly more dry powder to back the club than the current bunch of clowns.
If these figures are to be believed,then it is clear that Sheikh Jassim's bid is far more better than Ratchcliffe's.
This is the breakdown,based on my understanding using the figures you provided:
Ratchcliffe's offer:
Enterprise Value=£ 5.5 billion
Glazers share (69%) = £ 3.795 billion.
Ratchcliffe offers to buy 50.01% of £5.5 billion now = £ 2.75 billion.
Ratchcliffe offers to buy the remaining 19% 3 years later = £ 1.045 billion
Total amount to be paid by Ratchcliffe to the Glazers 69% = £ 3.795 billion
Sharing £ 3.795 billion among the 6 Glazers = £ 3.795 billion÷6 = £ 632,500
Therefore,On the average,each Glazer receives about six hundred and thirty -two million pounds.
Sheikh Jassim's bid:
Enterprise Value=£ 5.2 billion
Glazers share (69%) = £ 3.588 billion.
Sheikh Jassim offers to buy all the 69% owned by the Glazers now = £ 3.588 billion.
The Glazers also own 4.3% class A shares = £ 220 million).
Total amount to be paid by Sheikh Jassim to the Glazers = £ 3.588 billion + £ 220 million = £ 3.808 billion.
Sharing £ 3.808 billion among the 6 Glazers = £ 3.808 billion÷6 = £ 634,666.67 million .
Therefore,On the average,each Glazer receives about six hundred and thirty -five million pounds.
The big difference now is that, the Sheikh' offer is NOW (cash) whereas that of Sir Ratchcliffe's is in installment.
If these figures are to go by,then the Sheikh's offer is far better as the cash received now could be invested which stands the chance of giving the Glazers a far higher reward than Ratchcliffe's offer.
Am not even considering the debt, infrastructure and other investment pledges.
I have said it before and I will repeat that,the Glazers seem to be using SJR to extract more from the Sheikh.
Else, exclusivity could have been given to SJR if his offer was far higher than the Sheikh's since the second or the 3rd round/bids.
But there are a lot of things we (the supporters and the media) don't know yet. So am not believing anything I see or read until an official statement is out.
I see most of the news and tweets in the media as propaganda.
besides, being owned by a bunch of bananas is better than the clowns we've got at the moment
It really is. We have absolutely no idea what he would do, but we know SJR doesn't do it too well. Has he used the other two clubs as guinea pigs or will he run us badly but on a bigger scale? It is worrying on both counts.
Interesting hypothesis. How do you draw that co clusion?
I would agree with that. I am a little more concerned with Ratcliffe though as he has a somewhat negative precedent in football.
Could do it after the process is finished.
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