“Pauper”
Club Sale | It’s done!
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The current bids place roughly a 100% premium on the shares, so to just make the same amount you'd need the value of the club to double, but this doesn't take into account the opportunity cost of being able to invest the cash and make decent annual returns
yes, it might not tank in 2/3 years but if we dont win big titles, the kids who are 11/12 who support City now, when they get older, the tide will turn and the revenues will change.
The reason United have the revenue is because of its success in the past, lets not kid ourselves that trophies dont matter.
If the Glazers were so much after immediate cash they would have sold us ages ago. It seems they are fine with a few millions/dividends every year or in this case with a partial sale / in other words a lot of cash while still keeping some shares.
And I am sure they will negotiate hundreds of clauses with Ratcliffe/scenarios in which they could get even more money in a few years, such as if the super league comes, if a new TV deal comes, if United win PL/CL, etc. Maybe that’s why the negotiations are taking that long.
Which would also mean that Qatar either need to be flexible enough to deal with all this / negotiate such clauses with Glazers / keep them as minority shareholders OR they just pay enough so Glazers agree to sell all their 69%.
However if Qatar are not willing to take either of these options then they only have themselves to blame.
*Of course this is all speculation based on the (little) info we have so far.
And I am sure they will negotiate hundreds of clauses with Ratcliffe/scenarios in which they could get even more money in a few years, such as if the super league comes, if a new TV deal comes, if United win PL/CL, etc. Maybe that’s why the negotiations are taking that long.
Which would also mean that Qatar either need to be flexible enough to deal with all this / negotiate such clauses with Glazers / keep them as minority shareholders OR they just pay enough so Glazers agree to sell all their 69%.
However if Qatar are not willing to take either of these options then they only have themselves to blame.
*Of course this is all speculation based on the (little) info we have so far.
Still not sure why they want to stay. Doubt a new owner is going to be paying dividends for a few years, unless the Glazer’s negotiate that into the sales contract. If they are banking on the club value increasing over the next few years they could be in for a shock. They’ve placed the club for sale now and attracted only 2 bidders, only one of which wants to buy 100%. If they think they could get more in a few years they are in cloud cuckoo land.
Jassim's delegates clearly don't.
Several good points made here that some are overlooking based on the reports, or their own hatred of Qatar.
Keegan's exclusive article absolutely suggests the Qataris are flexible to negotiating and potentially offering more, but they've had enough of the dallying by the Raine and the Glazers, and without an ultimatum like this, there is no ballpark established for what a "winning" bid will be valued at, nor is there any end in sight to this process.
They know their structure is significantly less complex and, in theory, if they hit the right number (which I do not believe is truly £6B), all 6 siblings can agree to sell now. The lack of cohesion between the 6 siblings is quite apparent at this point and the Financial Times piece simply shone a light on this.
I don't think a 'preferred bidder' will get named. They will want to keep all options on the table
I agree mate. I think some on here are getting a bit too ahead of themselves. Maybe Jim will buy the club, but I wouldn't be too quick to take all the noise from the British media at face value. Actions speak louder than words and the fact it's all words tells me there's no action, or very little at least.
Either way looking forward to some resolution. It's defintely been the saga to end all sagas
It might be the media that has little knowledge of what’s going on. Nothing is straightforward with major acquisitions like this one.
Most likely
Most definitely.
Maybe for the same reason they keep making offers which include clearing the debt, investing in infrastructure, etc.
It’s actually like they are so far away from anything related to United and they thought Glazers would get overjoyed by the plans Qatar have for Glazers’ beloved United.
Nor has anyone else from Qatar/the royal family advised them.
I actually still refuse to believe they are so incompetent. So either they really are, or they will get United and they already know it.
Or they were not serious from the beginning and just wanted to signal to the Premier League they are ready to buy a PL club but for much less money than United would cost.
Yeah this is where I am at with the Qatar bids. It makes no sense and the constant investment promise means feck all to the Glazer's - they would sell us to anyone who offers them more
I do think the last point you made is correct, if and when they don't win the bid, most clubs/owners will start twerking for them as they've shown they already have a fair few billion
Unless it's positive news for Qatar. Then it must be true.
Mike Keegan article on MG had this snippet
Its all very strange
Even Sir saggy bollocks bid has been on the table for months and it’s still not accepted, I know these things take time it’s a multi billion pound deal but it’s not even advancing, there’s no talk or anything of a chosen bidder
Please just end this.
I read it’s because of the A class shares that Glazers have as well that’s worth hundreds of millions of dollars that Jim has said he won’t buy but Qatar will.
All guesswork
So how come he isn't bricking it like the Qataris?
I’ll be heading back out then! Hope it gets done soon.
It has just started.
How do you know he isn’t? He’s reportedly put multiple offers to the Glazers and feels confident that’s fair enough but he must feel a bit nervous when Qatar aren’t going away
I feel that if the offer from Jim to the Glazers was that good it would be progressing yet here we are still no nearer a sale. Media have known very little throughout and are probably going with Jim’s bid because they think the Hills Have Eyes brothers want to stay on
Doubt that will happen, TV rights aside, the money to be made is outside of England, United have massive support abroad, far in excess of any other English club, United's games still pull in more TV viewers and that's not going to change anytime soon
Yeah, the one thing we know for sure is Ratcliffe hasn't upped/changed his bid since 'round 3' only Qatar.
can the glazers just feck off already
We're into, how many rounds of bidding now? And the Qataris are the ones pissing about? Mate give over. Glazers are leeching cnuts and will keep offering new rounds of bidding if they think they can get an extra fiver out of it.
They're taking the piss out of this club. No concern for any future planning, how this upheaval will affect the manager and his attempts moving forward. All about squeezing every last drop of capital from this club that their grubby hands can muster.
They're scum, a fecking disgrace, and so are the Premier League/FA for allowing their takeover in the first place.
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The next announcement is an update by Mike Keegan that the Qataris have pulled out.
A week later, Jim will hold all the cards and force the Glazers to wrap it up a week later.
Mark my words.
A week later, Jim will hold all the cards and force the Glazers to wrap it up a week later.
Mark my words.
I'm sure we would have at least heard something by now, instead all we have is that they are working with the banks. Might simply mean they are preparing for a deal, but at least they seem to have been given assurances. Unlike the Qataris, who had to bypass Raine..
Well no it won't be because that isn't what he said would happen.
Buckle up, they and their new Best Friend Forever are here to stay
Big week it seems. If we get double misery of Citeh treble and Ratcliffe win, it'll definitely be time to switch off for a bit
Makes sense. I imagine Ratcliffe wants to steal City's thunder with the announcement. Of course people will take it differently, depending on which bid they preferred. Be interesting to see which will create the more buzz - INEOS or City treble.
Will be the takeover by a country mile.Makes sense. I imagine Ratcliffe wants to steal City's thunder with the announcement. Of course people will take it differently, depending on which bid they preferred. Be interesting to see which will create the more buzz - INEOS or City treble.
That will be the first round of conclusion, expect there will be a couple more after that.
It's my opinion that the delay came from multiple bids, one of which being minority opinion.
It's not a debate that they were just in final stages with SJR which makes your argument about minority investment being remotely likely pretty weak.
Wouldn’t this be in favour of Qatar? Why would Jim hurry along now to Qatars own deadline?
I think he's just simply referencing the deadline and expecting it to bring some clarity.
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