Club Sale | It’s done!

[Reapersoul20]

Big step toward Big Jim buying the club if they allow him a 25% stake. Why allow it otherwise.

Great news !!

 

[Pexbo]

All sounds very convoluted and the worst of outcomes.

So:

• Minority shareholding of 25%
• Buying some class A from the stock market
• Buying some class B

Therefore

• Keeps Glazers in control
• Class A – is he trying to buy off some troublemaking groups – but will the others left behind not complain/resist?
• The class B will convert to class A

Buying 25% of retail shares does absolutely nothing for the club.

 

[Brownie85]

Buying 25% of retail shares does absolutely nothing for the club.

If this gains momentum and he buys out some of the bigger Class A shareholders, what could those smaller holders do about it? Would there be legal issues?

 

[Licha-Vidic]

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This will get ugly if this comes to fruition

The biggest news about this saga. At least from the main source.

He broke the news off, and since then he has never said anything regarding the sale. If he says this, then he has been briefed by the powers that be.

At least it confirms what we thought, Glazers have not received bids in the form they wanted hence the delay.

 

[Pes6Monster]

I can see them going for that. The worst possible scenario.
If true, Jim does not have our best interests at heart

None of the bidders or shareholders have United at heart.

It's all about money and or sportswashing for them.



Smart albeit desperate move from Ratcliffe, which the Glazers will hope leads to a larger offer from the Qatari regime. If it doesn't materialise they have a nifty Plan B. If it does, Ratcliffe may just increase his minority offer until acceptable.

Reckon anyone wanting Qatar's blood money will kick off but am not convinced the Glazers will care, they've got their measure and no mistake. The Glazers will do what they want on their own terms.

Expect Qatar to up their state bid and for it to prove decisive.

Eventually.

 

[Pexbo]

If this gains momentum and he buys out some of the bigger Class A shareholders, what could those smaller holders do about it? Would there be legal issues?

But the point being, he’d be spending a fortune to gain no power and none of that money flows into the club.

 

[RedDevilUnited369]

Jimmy coming through just at the right time like the 7th Glazer to pile on more misery for fans and a club suspended in limbo.

But who didn’t see this coming?

SJR is an enemy of the club and has been all along.

 

[Brownie85]

But the point being, he’d be spending a fortune to gain no power and none of that money flows into the club.

Thats what i'm thinking, why exactly would he spend billions on a club that he has no say in and no control over? What would be the point? He'd be lining the Glazers pockets and literally have bollocks all to show for it!

 

[AltiUn]

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This will get ugly if this comes to fruition

We’re just trapped in and an endless nightmare, I’m half convinced I’ve spent the last 10 years dead and reality is one of the seven layers of hell.

 

[Roboc7]

And if they do take 25% minority “investment” and decide to pocket it, good luck explaining to the shareholders that their final strategic decision was to sell their own stock and invest none of the proceeds back into the club.

Exactly and all the same issues the club has still exist, so you still need funding from somewhere or continue watching club slowly die.

And what is in it for INEOS, it just doesn’t add up for money they’d be spending. Would have to be part of a guaranteed buy out in stages.

 

[Cantona in disguise]

Well that sounds pretty awful. I wasn't and I am not against Jim getting full control but that's the worst possible scenario surely? They get money and they stay. Bankers

 

[Mickeza]

Well that sounds pretty awful. I wasn't and I am not against Jim getting full control but that's the worst possible scenario surely? They get money and they stay. Bankers

It’ll likely be 25% now with a view to having full control at a later date. I’m assuming…not sure what’s in it for Jim otherwise.

 

[bstb3]

So this would basically result in no useful investment for us, but give the glazers some pocket money and potentially allow some of the ones out to go, whilst keeping the remaining leeches on. Jim gets to have his stake without it being meaningful in any way, the glazers get what they want and the club, again, left in the mud. Fantastic. Way to go Jim lad.

Of course it can be positioned as strategically getting shot of the awkward minority shareholders in advance of a bid for the remaining control some years hence, assuming the club isn't completely up brown creek by then and that Jim hasn't lost interest / popped off, I suppose, if people still want to try and big him up. If this is true, though (and it may well not be), it's a trashy move from him.

The only counter would be Qatar offering so much the minority shareholders don't want to sell out at whatever INEOS would offer, I guess.

 

[Cantona in disguise]

It’ll likely be 25% now with a view to having full control at a later date.

Obviously that would be better but we won't know the ins and outs of this. There is no telling how long that would take. The club needs some life breathing into it.

 

[Brownie85]

It’ll likely be 25% now with a view to having full control at a later date. I’m assuming…not sure what’s in it for Jim otherwise.

How exactly would that work? "Pay us £2bn now, and you can buy the rest at a later date"... 5 or 6 years down the line, nothing has changed "Yeah you can buy us out now, we value the club at £7bn, cough up lads". Just seems a bit daft to me.

 

[holdsteady]

Report also states with full view of takeover in 2026. If contingent with that I am okay with this

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[philippexyz]

I don't see the point of this minority investment by Jimmy. Glazers are going to sell some of their own shares and invest that money into the club? Very uncharacteristically so of them. That means that they would just get less money in eventual future sale. More likely is that they would just pocket the money. And Jimmy would probably have no control/voting power whatsoever. As far as I know, every class B shares owned by the Glazers(ones with the 10 times the voting power of class A shares) would automatically convert to class A shares after being sold.

Unless Super League is coming up soon, this minority investment thing makes no sense to me, at all. Glazers are running in circles, delaying the inevitable and Jimmy would have no voting power.

C'mon Sheikh Jassim, save us from the Glazer Apocalypse once and for all!

Edit: If Jimmy plans to buy all of the Glazers by 2026, that makes sense and everything I've just written is mostly irrelevant.

 

[RedDevilUnited369]

It’ll likely be 25% now with a view to having full control at a later date. I’m assuming…not sure what’s in it for Jim otherwise.

He’s 70 years right now..take another 2-4 years to buy the club? What’s the plan here?

 

[IrishMcD]

This old git mightn’t even be alive in 2026. Then again, these fecking billionaire scumbags seem to live well into their 90s.

 

[C'est Moi Cantona]

But the point being, he’d be spending a fortune to gain no power and none of that money flows into the club.

Surely the money would have to flow into the club, maybe not on transfers, but at least to pay down some of the debt, sorting out the stadium, etc.

Sir Jim is not just going to give them £1.5 billion, let them pocket the lot, and then have no say in how the club is run.

 

[Brownie85]

Now we've seen this come out from Jimmy, i bet some news from Qatar won't be far off. Either they're going to withdraw because of the BS going on, or they'll just bite the bullet and pay what the Glazers want. Lets see what happens

 

[FerociousCorgis]

none of this new shit makes any sense. Sounds completely horrible. What would even be the point of not taking over until 2026? Who sinks billions into a club, then will gladly sit around for 3 years while the people in charge do whatever they want? 3 years of limbo shit from the leeches to whatever the hell is the plan should be enough to really kill this club finally.

 

[Rojofiam]

Report also states with full view of takeover in 2026. If contingent with that I am okay with this

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If this is true, then it's still a great outcome. I don't see the point of a minority investment without any plans to acquire more shares in the future.

 

[Brownie85]

Surely the money would have to flow into the club, maybe not on transfers, but at least to pay down some of the debt, sorting out the stadium, etc.

Sir Jim is not just going to give them £1.5 billion, let them pocket the lot, and then have no say in how the club is run.

If he's buying their shares and some of the Class A shares, i'm pretty sure, with them still being in control they can do whatever they want with the money, can they not?

 

[Roboc7]

I don't see the point of this minority investment by Jimmy. Glazers are going to sell some of their own shares and invest that money into the club? Very uncharacteristically so of them. That means that they would just get less money in eventual future sale. More likely is that they would just pocket the money. And Jimmy would probably have no control/voting power whatsoever. As far as I know, every class B shares owned by the Glazers(ones with the 10 times the voting power of class A shares) would automatically convert to class A shares after being sold.

Unless Super League is coming up soon, this minority investment thing makes no sense to me, at all. Glazers are running in circles, delaying the inevitable and Jimmy would have no voting power.

C'mon Sheikh Jassim, save us from the Glazer Apocalypse once and for all!

I think INEOS are most likely to agree a deal with Glazers as they have most flexibility, not convinced Qatari bid has much chance. A minority investment only makes sense if it is first step in a takeover, as you say it’s kind of pointless otherwise but maybe it suits both parties for a full takeover to happen in stages.

Its a horrible thought but but this might be INEOS amending their proposal to something they have been told will be acceptable.

 

[FerociousCorgis]

If this is true, then it's still a great outcome. I don't see the point of a minority investment without any plans to acquire more shares in the future.

i mean what "plans" could there even be? Doubt there would be anything binding so plans would just be plans. For me this sounds absolutely god awful. Based on how the club sale is going right now, anyone who wants to deal with the leeches more in the future seems backass crazy to me.

 

[van Nistelrooy]

This would be the final nail in the coffin.

 

[cyberman]

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This will get ugly if this comes to fruition

That deals dead in the water. I’m sure those apart from the some A class shares will throw a fit.
This is Jim backing out

 

[Castia]

Whatever the absolute worst case scenario is that’s what we’ll end up with.

 

[Garethw]

If this is true, then it's still a great outcome. I don't see the point of a minority investment without any plans to acquire more shares in the future.

It’s not a great outcome at all! It’s a minimum of three more years of Glazer shit.

 

[Cantona in disguise]

If he's buying their shares and some of the Class A shares, i'm pretty sure, with them still being in control they can do whatever they want with the money, can they not?

One would assume he will have it written into an agreement how the investment is spent surely?

 

[Brownie85]

I think INEOS are most likely to agree a deal with Glazers as they have most flexibility, not convinced Qatari bid has much chance. A minority investment only makes sense if it is first step in a takeover, as you say it’s kind of pointless otherwise but maybe it suits both parties for a full takeover to happen in stages.

Its a horrible thought but but this might be INEOS amending their proposal to something they have been told will be acceptable.

Does the report say it's something they're considering and not actually decided on whether it's going to happen at the moment?

They know they can't afford a full takeover so they're restructuring to something they feel might be acceptable. Whats saying that they plough all this money to the Glazers now, then in 3 years they can't afford to buy out the rest and remain as minority holders? What would be the point? It's just a bit of a mess at the moment

 

[Castia]

Big step toward Big Jim buying the club if they allow him a 25% stake. Why allow it otherwise.

Great news !!

That’s one way of looking at it….

They’ll be riots if this is happening. It does absolutely nothing for the club what so ever.

 

[cyberman]

But the point being, he’d be spending a fortune to gain no power and none of that money flows into the club.

Which posters on here said wouldn’t happen and we were stupid for even suggesting it
All that nonsense about not allowing Glazers to control their investment rings fecking hollow now

 

[RedDevilUnited369]

That deals dead in the water. I’m sure those apart from the some A class shares will throw a fit.
This is Jim backing out

As of now I would have to agree. This is surely a way for Jim to back out.

 

[cyberman]

If this is true, then it's still a great outcome. I don't see the point of a minority investment without any plans to acquire more shares in the future.

Why? Happens all the time.

 

[Brownie85]

One would assume he will have it written into an agreement how the investment is spent surely?

Wouldn't have thought so, maybe they could go that route, but any Class B shares they buy, would they remain as Class B shares or would they automatically be converted to Class A shares?

If so, what would that mean for the price of Class A shares? I'm not stock markey savvy, or financial savvy (probably shows) but i'm not sure what the effect would be.

 

[cyberman]

Report also states with full view of takeover in 2026. If contingent with that I am okay with this

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Don’t go believing Ben Jacobs for the love of God.

 

[aganley]

If this is true, then it's still a great outcome. I don't see the point of a minority investment without any plans to acquire more shares in the future.

Then your as naive as your post if you believe that bs. Ratcliffe can't buy the club outright so he is doing everything he can just to get some sort of control, no matter the consequences to utd.

 

[FerociousCorgis]

One would assume he will have it written into an agreement how the investment is spent surely?

i mean still even so what is the point? Even if written in that all that goes to the debt/stadium infrastructure, cool-glazers just put that down and continue leeching the money out of the club in the meantime.