Club Sale | It’s done!

[mu4c_20le]

no-one heard of him? I'm pretty sure you mean you, you cannot speak for others. Without evidence, you have available to you, he is guilty, does that make him guilty of lying?

You really shouldn't need evidence to know that this guy, if he exists, cannot possibly buy Manchester United on his own. Will be happy to hear your evidence claiming otherwise, of course. Keep an open mind and all that.

 

[Son]

Going on the recent days news. I think Qatar is almost definitely going to purchase us now.

The Glazer’s asking PSG’s owner to help was pretty telling. They seem to want a full sale from what I can tell.

I do feel if they go for the Qatar bid I’d have to give them some credit in fact.

 

[Godfather]

If it’s a similar number then why wait for 2/3 years for Jim? The entire advantage was the Glazers would earn more per share and 2 staying on allowed Jim to make the offer since it have Jim a few years to pony up the rest to pay off the straddlers.
If it’s a similar offer then Jim isn’t offering more for two to stay on down the line otherwise the overall price would be significantly higher?
So there’s now no need to wait

How I see it as well. Might come down to how close the bids are

 

[iato89]

I don’t really get that either. If it’s still a lower valuation and Ratcliffe is also offering an additional premium in 3 years for the remaining 9% then I don’t really get why they’d not go with Ratcliffe - unless there will be further negotiations when they name a preferred bidder and Qatar have indicated they’ll go higher.

Why wait 3 years when they can get almost all the money now and if they invest it they will make much more?

 

[Andy_Cole]

Christ this is a worrying post.

It's got to be a decent contender for worst post out of the 65,000 so far.

Was going to reply but @Rhyme Animal pretty much said what was needed.

There was unnecessary linkage between pro Qatar and Pro MG.

Now you guys are saying it’s worrying linking Jim to Brexit, Xenophobia. I’m fairly certain MUFC EDL and skinhead fans all want Jim. That is because they hate foreigners and despise Muslims.

 

[cyberman]

How I see it as well. Might come down to how close the bids are

Pretty sure if it’s close it will be Qatar because they’ll be buying out the A shares as well which Glazers own nearly 6 percent of. That’s hundreds of millions right there.
But then I haven’t a clue what I’m talking about.

 

[Andy_Cole]

Going on the recent days news. I think Qatar is almost definitely going to purchase us now.

The Glazer’s asking PSG’s owner to help was pretty telling. They seem to want a full sale from what I can tell.

I do feel if they go for the Qatar bid I’d have to give them some credit in fact.

Managed to squeeze every penny. Fair play to the Glazers. The cnuts.

 

[VP89]

If it’s a similar number then why wait for 2/3 years for Jim? The entire advantage was the Glazers would earn more per share and 2 staying on allowed Jim to make the offer since it have Jim a few years to pony up the rest to pay off the straddlers.
If it’s a similar offer then Jim isn’t offering more for two to stay on down the line otherwise the overall price would be significantly higher?
So there’s now no need to wait

The benefit is they keep a stake and if they have knowledge of further revenue opportunities coming in the pipeline (e.g. TV rights being more lucrative or similar), there is a good chance they sell the remaining shares at a bigger premium to what they are being offered right now.

This is the only reason I can see, anyway. But who is also to say that SJR will even buy the remaining amount in 2/3 years? He might just keep a majority and leave the Glazers with their shares.

 

[Scholesay]

How I see it as well. Might come down to how close the bids are

Not to mention the headache of any potential lawsuit from Hedge Funds and other A Share holders (I work for a hedge fund I know they will go to any extent to get their money). Will tarnish their names in the market if they're ever involved in another public offering, which is bad for business.
Not to mention the continued disgruntlement from united fans due to them still being associated with the club.

 

[George The Best]

I don’t really get that either. If it’s still a lower valuation and Ratcliffe is also offering an additional premium in 3 years for the remaining 9% then I don’t really get why they’d not go with Ratcliffe - unless there will be further negotiations when they name a preferred bidder and Qatar have indicated they’ll go higher.

Preferred bidder status is just another way of saying exclusive negotiations. There will be more negotiating with the preferred bidder - whoever they are.

 

[Marcelinho87]

I don’t really get that either. If it’s still a lower valuation and Ratcliffe is also offering an additional premium in 3 years for the remaining 9% then I don’t really get why they’d not go with Ratcliffe - unless there will be further negotiations when they name a preferred bidder and Qatar have indicated they’ll go higher.

I think it means it's similar in total value so the only thing between them that might stand out is that Avram and Joel may get to stay on for a bit if that is what they prefer.

 

[cyberman]

The benefit is they keep a stake and if they have knowledge of further revenue opportunities coming in the pipeline (e.g. TV rights being more lucrative or similar), there is a good chance they sell the remaining shares at a bigger premium to what they are being offered right now.

This is the only reason I can see, anyway. But who is also to say that SJR will even buy the remaining amount in 2/3 years? He might just keep a majority and leave the Glazers with their shares.

Isn’t the buy out window in 2 years or so? The current tv deals are only up on 24/25
Edit if this were true then why not wait 2 years and sell the club then?

 

[Member 101269]

No one suggested this. There is however perfect justification for doubt in the absence of any evidence to the contrary.

They're not? The suggestion 92 foundation, in compliance with FA and UEFA rules, and having proven funds, cannot afford united is illogical. I take it you're not privy or involved in this deal? It looks like your imagination is running away with you rather than it being "perfect" justification, whether that means.

 

[Rhyme Animal]

Preferred bidder status is just another way of saying exclusive negotiations. There will be more negotiating with the preferred bidder - whoever they are.

This.

If 92 Foundation are named as preferred, they could still up their bid considerably.

 

[Godfather]

Thing is: where do Glazers see most potential for an even higher bid during excl negotiation? Jim can't possibly bid for even less shares. And it seems he's reluctant to take more money into his hands.

But anyway. Might still be the two bids are far enough apart for the Glazers to choose Jim. We don't know the numbers of the last SJ bid do we?

 

[Raoul]

They're not? The suggestion 92 foundation, in compliance with FA and UEFA rules, and having proven funds, cannot afford united is illogical. I take it you're not privy or involved in this deal? It looks like your imagination is running away with you rather than it being "perfect" justification, whether that means.

What is your evidence for this ?

 

[Cassidy]

Thing is: where do Glazers see most potential for an even higher bid during excl negotiation? Jim can't possibly bid for less shares.

There won’t be a period of exclusivity

 

[Cassidy]

What is your evidence for this ?

Raine group wouldn’t include them if they had not

 

[Member 101269]

You really shouldn't need evidence to know that this guy, if he exists, cannot possibly buy Manchester United on his own. Will be happy to hear your evidence claiming otherwise, of course. Keep an open mind and all that.

The onus is on guys that say it's a state bid to prove it.

 

[Rojofiam]

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[VP89]

Isn’t the buy out window in 2 years or so? The current tv deals are only up on 24/25
Edit if this were true then why not wait 2 years and sell the club then?

It was just an example, but I'm sure there can be many other factors that could cause it. Ultimately if they are aware of the club being worth more in share price within 2/3 years vs today, they would be looking to stick around.

Re. why not wait 2 years, because they also need to put money into the club to keep it ticking over and with sky high interest rates, it's becoming unfeasible for them

 

[Raoul]

Raine group wouldn’t include them if they had not

Include them in what ? They are one of multiple parties bidding for United. The "do they actually have the funds" bit would seem to be a part of the process in selecting a preferred bidder, which hasn't happened yet.

 

[whitbyviking]

You don’t have a point, or even a clue, it seems.

Jassim’s bids have never claimed to be ‘just him’ - they’re a group of businessmen, hence 92 Foundation, it obviously isn’t 1 person.

And his individual, personal wealth isn’t known in Western media, so speculating on it is idiotic.

If they’re bidding 6 billion, rather than say, using another company to leverage it with yet more debt… it’s fairly safe to say the 92 Foundation can afford it.

This mythical foundation was just created, how much do you actually know about the source of their funding? How can you be so confident in your assertions?

 

[Godfather]

There won’t be a period of exclusivity

Pretty sure there will

 

[The Bloody Nine]

I don’t really get that either. If it’s still a lower valuation and Ratcliffe is also offering an additional premium in 3 years for the remaining 9% then I don’t really get why they’d not go with Ratcliffe - unless there will be further negotiations when they name a preferred bidder and Qatar have indicated they’ll go higher.

If someone was offering to buy my house for £200k now or they would give me £150k now and £60k in 3 years, Id take the £200 now.
I know that is simplistic but that is why Qatar is still being considered I think.

 

[Cassidy]

Include them in what ? They are one of multiple parties bidding for United. The "do they actually have the funds" bit would seem to be a part of the process in selecting a preferred bidder, which hasn't happened yet.

You have forgotten that that this is the third round and Raine group wouldn’t let you past the first without proof of funds. There won’t be a preferred bidder either.

 

[Cassidy]

Pretty sure there will

We’ll find out soon enough

 

[Cassidy]

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@Godfather …

 

[Godfather]

We’ll find out soon enough

I mean I'm all for a quicker process and no preferred bidder would make this whole deal a bit faster hopefully

 

[Cassidy]

In my opinion the next annoucement will be deal agreed.

 

[Cloud7]

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Does this mean that this 'hey why don't you try bidding a little more than the other guy' period continues? Or does this mean that what is on the table now is likely to be the final offer so once one is chosen it's just a matter of it being signed off?

 

[Godfather]

@Godfather …

Only one reporting that isn't he? We'll see

 

[Godfather]

In my opinion the next annoucement will be deal agreed.

Fingers crossed

 

[Cassidy]

Does this mean that this 'hey why don't you try bidding a little more than the other guy' period continues? Or does this mean that what is on the table now is likely to be the final offer so once one is chosen it's just a matter of it being signed off?

The latter and this was actually said about a month ago and people ignored it

 

[cyberman]

It was just an example, but I'm sure there can be many other factors that could cause it. Ultimately if they are aware of the club being worth more in share price within 2/3 years vs today, they would be looking to stick around.

Re. why not wait 2 years, because they also need to put money into the club to keep it ticking over and with sky high interest rates, it's becoming unfeasible for them

I don’t think we’re living pay cheque to pay cheque just yet. Plus minority investment is right there for them and they’ve locked them out pretty early on.
If they were willing to stay I don’t think we would have spent 250m summer then announce a sale 3 months later. I would think they would do the bare minimum in terms of spend to get us through 2/3 seasons.
Again, I’m not pretending to know what I’m talking about here!

 

[George The Best]

There won’t be a period of exclusivity

That’s exactly what naming a preferred bidder is - a limited period of exclusivity to conduct further negotiations.

My best guess, and that’s all it is, is they will name Qatar as they think they can squeeze a bit more out of SJ but not from Ineos.

 

[mu4c_20le]

The onus is on guys that say it's a state bid to prove it.

I just think that if Jassim is really rich enough to buy us without help then we'd know more about his business dealings, not just the ones where he tags along with his father. That's the unknown part. We can't just assume his dad's wealth = his wealth. I'm sure your father never let you access his bank account whenever you wanted..

 

[Cassidy]

Only one reporting that isn't he? We'll see

This news was reported by a few a month ago and is now coming back around after all the SJR preferred bidder noise.

 

[Sviken]

Good God, how many fecking "exclusivity steps" are there gonna be in this circus?

 

[Cassidy]

That’s exactly what naming a preferred bidder is - a limited period of exclusivity to conduct further negotiations.

My best guess, and that’s all it is, is they will name Qatar as they think they can squeeze a bit more out of SJ but not from Ineos.

I know what naming a preferred bidder is. No need to be condecending. Im saying that isn’t going to happen.