Club Sale | It’s done!

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bond19821982

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Jesus Christ. We don't need any finacial support we're not a tiny garbage club like Newcastle. If you want everything gifted to us and unearned please just go and support City or PSG. They sound like the right club for you. All we need is an owner who won't rob the money we actually make ourselves.
Jeez - another moral Victorian. Care to explain where is the money for infrastructure coming from ?
 

Castia

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Jesus Christ. We don't need any finacial support we're not a tiny garbage club like Newcastle. If you want everything gifted to us and unearned please just go and support City or PSG. They sound like the right club for you. All we need is an owner who won't rob the money we actually make ourselves.
Why do you keep telling people to go support Newcastle/City because they want the best for the club? In another thread you stated you’d rather see the club relegated than be owned by the east? That must be the dumbest take in the entire thread and there are a lot of opinions.

Explain where Jim’s money is coming from to not only buy the club but to support the stadium/investment needed to compete. The Glazers will still be here in 10 years.
 

Licha-Vidic

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So the Glazers turned down reportedly £5.8 billion from SJ for their 69% controlling shares with the debt of £535m to be deducted from that figure. That’s effectively £5.26 billion however Sir Jimmy offered $1.875 for 25% which is £6.184 billion for 100%, the debt would still have to be paid the moment INEOS own 51% of the club planned, currently in 3 years time in 2027. So a fair comparison is £5.6bn against £5.26bn so what the real issue here is the Glazers wanted to hang on to the asset, hoping the new broadcasting deals elevate the value of the club even further to £8-10 billion.

I’m sure the other 4 Glazers who wanted to sell might be thinking tonight, they wish that maybe the Qataris would come back with the £5.8 billion offer, because if the six siblings invested £5.26 billion for three years with a fixed 5% investment interest rate this would give you over £6 billion in total after the debt was paid, no wonder SJ withdrew his offer, there’s greed, then there’s extreme avarice and then there is the Goblin Glazer Greed, no words are necessary for these parasites!
It was $8bn total $1.7bn was for investment that's $6.3bn £500m for debt that's around $5.5bn then the glazers only own 69% so glazers would have gotten about $3.8bn split 6 ways.

I think the worst thing the Qatari have done is to tell Glazers they have 1.7B more which Glazers can't have. Glazers don't really care about development investments, they want that cash for themselves.
 

ken11

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I'm sure they were just fed up but I wonder if there's anything more between the lines between the Jewish Glazers and the Qatari with the outbreak of the Israel-Palestinian war?
 

bond19821982

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Why do you keep telling people to go support Newcastle/City because they want the best for the club? In another thread you stated you’d rather see the club relegated than be owned by the east? That must be the dumbest take in the entire thread and there are a lot of opinions.

Explain where Jim’s money is coming from to not only buy the club but to support the stadium/investment needed to compete. The Glazers will still be here in 10 years.
He keeps sprouting the same BS in every single thread. Support Jim or support City . Apparently that's the only take we United fans are supposed to have.

But the "moral" thing is still very much high though.
 

L1nk

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What makes you think Jim will be better? he’s making up the numbers in France, his club was relegated in Switzerland. He’s hiring people at his football clubs that have no history in football, making awful signings it’s honestly the exact same blue print as the people you want gone.

Give me your positives about Ratcliffe and I’ll shoot the lot down.
I’m not here to defend Ratcliffe, i didn’t want him. But you want the Glazers gone or not? This is the only option now it seems, like it or not.
 

JPB

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Why do you keep telling people to go support Newcastle/City because they want the best for the club? In another thread you stated you’d rather see the club relegated than be owned by the east? That must be the dumbest take in the entire thread and there are a lot of opinions.

Explain where Jim’s money is coming from to not only buy the club but to support the stadium/investment needed to compete. The Glazers will still be here in 10 years.
Mate, yes I would rather watch us get relegated. My dad watched us in the second division and he said some of them games were the best games he's ever been to. I want us to be the best club in the world like everyone else on here, but I don't want it gifted to us by some rich fecking sheikh. If we get back to the top I want us to earn it ourselves like we always have. If you and anyone else just wants handouts I'll say it again go and support City or PSG if you want that sort of club.
 

OneUnited24

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I get that this isn’t the news a lot of us were hoping for but given that there are no other options we should probably wait and see what details come out.

That said this minority investment with sporting decisions is strange to me. It seems strange that SJ would directly work / contribute to improve something that would directly affect the price for when Glazers are required to sell down the line (if there is some form of agreement that this is in view for full control). My fear is it’s just a vanity project for SJ where he doesn’t want full control only enough to get us winning so he can say he was the reason for it while the infrastructure rots… still though let’s see what the details are before concluding one way or the other.
 

JPB

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He keeps sprouting the same BS in every single thread. Support Jim or support City . Apparently that's the only take we United fans are supposed to have.

But the "moral" thing is still very much high though.
No support literally anyone who won't turn us into PSG 2 or City 2. It's not that hard to understand.
 

L1nk

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I'm not that naive and I'm not that patient. The glazers aren't going ANYWHERE when they think the value of the team will close to double in the next ten years. jimmy gave the owners a lifeline and in exchange, received the opportunity to join them sucking us dry.
So, what, you think he’ll sign a deal knowing that the Glazers could turn around and say actually nah we’re staying sorry. If he wants 100% of the club down the line he’ll sign a deal that will get him that 100% eventually, legally binding, he’s a business man ffs, just cause you hear 25% then freaked out doesn’t mean he’s an idiot. If the Glazers weren’t listening to the idea of a full sale right now and the only way to get them out of the club was to do a deal that ensured that they instead went further down the line, then he’s clearly played it well instead of the Glazers not selling at all.

I’m sorry but do some of you even use your brains or what
 

Castia

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Mate, yes I would rather watch us get relegated. My dad watched us in the second division and he said some of them games were the best games he's ever been to. I want us to be the best club in the world like everyone else on here, but I don't want it gifted to us by some Rick fecking sheikh. If we get back to the top I want us to earn it ourselves like we always have. If you and anyone else just wants handouts I'll say it again go and support City or PSG if you want that sort of club.
But you’re not taking into account the person buying us, it’s fine saying you don’t want oil money but the alternative is a guy who’s done nothing but fail within football and has multiple pollution related accusations against his company

You realise United are literally the highest spenders in world football as well right? You’re trying to take a high ground that doesn’t exist. Absolutely bizarre take
 
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NinjaZombie

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With Qatar buying another club we'll never even set foot in the champs league again.
This was always my fear if Jassim pulls out. They can get Spurs or Liverpool and poof, we're done. We already are done. That'll just confirm it.

I don't know how it can be done, but the match going fans really ought to get more militant. Old Trafford needs to be half empty, the merchandising numbers needs to go down etc etc.
 

Blood Mage

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Our future now hinges on whether Ratcliffe can correctly diagnose our main problem (our need for a streamlined recruitment approach and a proper sporting director) and fix it. If he does then there is plenty of reason to be optimistic.

If he leaves things as they are and we waste another couple of windows on Murtough buying whichever overpriced Eredivisie players Ten Hag wants, then I'll succumb to doomerism.
 

RedDevilQuebecois

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Jesus Christ. We don't need any finacial support we're not a tiny garbage club like Newcastle. If you want everything gifted to us and unearned please just go and support City or PSG. They sound like the right club for you. All we need is an owner who won't rob the money we actually make ourselves.
Pathetically childish of a reply.

I started following United because there were standards of excellence and attitude (or fighting spirit) required for success. They thrived for perfection, as Sir Matt Busby would have said. You're the one with a problem if you feel content with the stench of mediocrity that comes from the Glazers and that is set to continue or even deteriorate under Ratcliffe. Have you even seen Nice and Lausanne? MEDIOCRE! And that's not saying about Ratcliffe himself. That cnut threatened to close a plant and send workers on unemployment because he was not happy with the necessity of complying to EU pollution rules.

Remind me to laugh at your face if the Qataris buy another club and then we end up even behind that club as well.
 

lostcauz

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I’m not here to defend Ratcliffe, i didn’t want him. But you want the Glazers gone or not? This is the only option now it seems, like it or not.
It’s the only option because Ineos have made it that, where has their bid for a controlling stake in the club with the two glazer brothers hanging about gone?
How can you drop from 51% to 25%, seemingly scrambling around to get any kind of loan to get a foot through the door.
 

JPB

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But you’re not taking into account the person buying us, it’s fine saying you don’t want oil money but the alternative is a guy who’s done nothing but fail within football and has multiple pollution related accusations against his company

You realise United are literally the highest spenders in world football as well right? You’re trying to take a high ground that doesn’t exist. Absolutely bizarre take
Go and support City.
 

JPB

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Pathetically childish of a reply.

I started following United because there were standards of excellence and attitude (or fighting spirit) required for success. They thrived for perfection, as Sir Matt Busby would have said. You're the one with a problem if you feel content with the stench of mediocrity that comes from the Glazers and that is set to continue or even deteriorate under Ratcliffe. Have you even seen Nice and Lausanne? MEDIOCRE! And that's not saying about Ratcliffe himself. That cnut threatened to close a plant and send workers on unemployment because he was not happy with the necessity of complying to EU pollution rules.

Remind me to laugh at your face if the Qataris buy another club and then we end up even behind that club as well.
I don't give a shit about any of that. I couldn't give 2 fecks. I don't want to be Man City 2.
 

bdspeedy

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So, what, you think he’ll sign a deal knowing that the Glazers could turn around and say actually nah we’re staying sorry. If he wants 100% of the club down the line he’ll sign a deal that will get him that 100% eventually, legally binding, he’s a business man ffs, just cause you hear 25% then freaked out doesn’t mean he’s an idiot. If the Glazers weren’t listening to the idea of a full sale right now and the only way to get them out of the club was to do a deal that ensured that they instead went further down the line, then he’s clearly played it well instead of the Glazers not selling at all.

I’m sorry but do some of you even use your brains or what
Helloooooo. Mc Flyyyyyyy. He's only here to bail out the scummers and join in on milking the club into the ground. There's no way the glazers will release their grip on the club unless they start to lose money.
 

Thom Merrilin

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All the multiple reports say its a pathway to owning the club down the line
I'm sorry, that doesn't prove anything. You posted the same report twice btw. I'd love to believe that Ineos are guaranteed to take over eventually but no reputable source has confirmed it.
 

Castia

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I’m not here to defend Ratcliffe, i didn’t want him. But you want the Glazers gone or not? This is the only option now it seems, like it or not.

I honestly don’t know at this stage. I remember when Jim was looking at 100% of the club and he was already getting into bed with Goldmans to help fund the bid, I think once all said and done we’ll be riddled with debt and still plodding along with shit facilities.

I said earlier people think it can’t get worse and it definitely can. Jim just doesn’t have the funds available to do what needs to be done and his history in France and Switzerland makes the Glazers look like industry leaders.
 

Castia

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Go and support City.
Great comeback. Go and watch division 2 football.

Ask Newcastle if they’d want another night like last week against PSG or getting smashed 7-0 under Mike Ashley.
 
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Cantonagotmehere

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There's the Athletic article and there's been several tweets in this thread about it. There's also a video from someone who claims to have a source inside Ineos but that could be unreliable, I'm n

Yeah I know it's Ben Jacob's. I went through his Twitter and couldn't find anything. I'm asking you to provide me the tweet.
Thanks mate
 

Woziak

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It was $8bn total $1.7bn was for investment that's $6.3bn £500m for debt that's around $5.5bn then the glazers only own 69% so glazers would have gotten about $3.8bn split 6 ways.

I think the worst thing the Qatari have done is to tell Glazers they have 1.7B more which Glazers can't have. Glazers don't really care about development investments, they want that cash for themselves.
Let’s agree to disagree on the numbers as you can rest assured the Qataris will leak the true bid which was for the 69% controlling shares and debt, no minority shares are initially agreed in price because they have to be agreed individually which is different from the the Glazers, who as a combined family employed the Raine Group to sell or price all 69% of their voting and controlling class B shares and therefore relinquish control of the club.

This has been declined because SJ failed to meet their value of £6.4bn which would have included the current debt of the club to be paid from that number. There have also been multiple accounts tweeting the Qatar offer to the Glazers was nearly twice the market cap of $3.5 billion which is $6.9billion (£5.7 billion) this is widely being reported now as the bid and it was £700m too short. The $1.7 billon was in addition to this and then if this was successful that’s investment would have been staggered over 3 years.

The Qatari would then have had 6-12 months to offer minority class A share holders an enterprise offer of $36 for the 50 million additional class A shares which is another £1.4/1.5 billion to delist from NYSE, Very soon these financial reports are going to be published in the media and the full outrage of the fans will be vented!
 

TsuWave

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His track record in the sport just doesn’t inspire any confidence - with the levels of amassing debt and investment needed in all areas of the club just to catch up - I just don’t see it. Hope to be wrong of course, but man
 

JPB

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Grow the hell up. Enjoy mediocrity if that's what you accept for your ideal sunshines and rainbows.
Listen, all we need is a fair owner. The Glazers take all our earnings and pocket them for themselves. As long as Ratcliffe doesn't rob us like the Glazers we'll be fine. We're one of the biggest clubs in the world and make more money than anyone. We just need to be able to spend our own money.

At first it was just about getting rid of the Glazers, anyone but the Glazers. What happened to that? People are just being greedy and want unlimited amounts of wealth gifted to us, which we don't need. A fair owner is all we need. Also people are making Ractcliffe out to be some poor fellow, he's literally the second richest man in Britain and not far from being the richest. The tune changed from lots of people when Oil money got thrown into the equation. Then it wasn't about getting rid of the Glazers it was just people being pure greedy.
 

Eddy_JukeZ

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His track record in the sport just doesn’t inspire any confidence - with the levels of amassing debt and investment needed in all areas of the club just to catch up - I just don’t see it. Hope to be wrong of course, but man
You can only hope he's learned his lessons and his woefulness at Nice won't cut it here.
 

Steve 007

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This is mental. Sir Jim is 70.
His net spend with Nice is £122m so he does invest.
However, we all know he’s a minority shareholder at 25% so will have no power. The glazers probably did a deal that they’ll sell the next 25% in x years but that Jim will have to match what he currently is paying or what they can get on the open market, whatever is higher.


Those who didn’t want the Qatari money just need to know that he’ll invest elsewhere. If I’m him I’m thinking I can make Liverpool or Arsenal a global success and the pitch rebuild and in Arsenals case stadium is already done. We then have less spending power than City, possibly Newcastle, Chelsea and at least one other.
 

Perception

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Great comeback. Go and watch division 2 football. Ask Newcastle if they’d want another night like last week against PSG or getting smashed 7-0 under Mike Ashley.
Well said. Our noisy neighbours will continue pulling away, winning title after title. I am sure the kids that are growing up will recognise it is "hollow". I am very sad tbh, to these people they would rather us be "moral champions" as if that wins you titles. we had a golden opportunity and its been squandered. I'm just glad I got to grow up on Sir Alex era. I ain't investing anymore money into the football club which is a shame as I love Man United as do millions around the World. Its a tough pill to swallow. Only solace is time will heal such wounds. I cant give up supporting Man United as it is part of me till the day I die but to know we will have second best despite paying so much to get diddly squat is just depressing.
 

fallengt

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Our future now hinges on whether Ratcliffe can correctly diagnose our main problem (our need for a streamlined recruitment approach and a proper sporting director) and fix it. If he does then there is plenty of reason to be optimistic.

If he leaves things as they are and we waste another couple of windows on Murtough buying whichever overpriced Eredivisie players Ten Hag wants, then I'll succumb to doomerism.
He won't be, mate.
Club owners who treat football club as hobby-ist are the ones that emotionally invested in it and want nothing but football. The others treat it as business and for them money always comes first.
Sir Ratani is likely the later.
 
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