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Club Sale | It’s done!

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DownRiver

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The Shiek and Spurs are a match made in heaven actually.

All the smaller London clubs apart from Arsenal are hungry for that outside investment just like their city is these days.

Can see them doing bits but also failing utterly since it’s spurs. Would be a wild ride.
When will people get it, he is a Man utd fan and won't be going for any other club. It had been reported he turned down many opportunities.

You will probably see QIA go for spurs than anything, especially when they allow an owner to own multiple clubs in the next few years.

This is different from the Rat who currently owns 2 clubs and has bid for both Chelsea and Barcelona, yet he is a utd fan.
 

Chesterlestreet

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It can be a business decision as well as a personal ambition at the same time.
Both those decisions will be all about being associated with the re-emergence of United as an actual top club, though.

He isn't stupid enough to think that simply being associated with "Manchester United" (even if what he's actually associated with is a failure to improve on what the former owners did) will do him any good.

And, again, in purely financial terms, what you can expect to gain from owning one of the biggest football clubs in the world may seem a lot at first glance, and may seem like a very good deal to someone like the Glazers, but will be pocket change to INEOS.

Unless the idea is that Jimbo is keen on making pocket change ('cause he is, I don't know, super greedy, random and evil - like some sort of real life Monty Burns), what some people have proposed here is just silly.
 
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Reditus

Lineup Prediction League Winner 2021-22
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The Shiek and Spurs are a match made in heaven actually.

All the smaller London clubs apart from Arsenal are hungry for that outside investment just like their city is these days.

Can see them doing bits but also failing utterly since it’s spurs. Would be a wild ride. In the words of Kevin Keegan I love it if Qatar took over and we beat them. With an English owner would be rather sweet :lol:
Not sure they are match made in heaven at all given the current climate
 

Wheato

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The Shiek and Spurs are a match made in heaven actually.

All the smaller London clubs apart from Arsenal are hungry for that outside investment just like their city is these days.

Can see them doing bits but also failing utterly since it’s spurs. Would be a wild ride. In the words of Kevin Keegan I love it if Qatar took over and we beat them. With an English owner would be rather sweet :lol:
I was just listening to a podcast where they mentioned that Hamas leaders are given shelter in Qatar. They also said that the Glazers being Jewish, would never sell to an Arab state. Even when the money was on the table.

I think that this would be even more of an issue with Spurs fans.
 

Ronaldo's Love Child

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It's started already.

Talk of 'upgrading' Old Trafford. It doesn't need updating or expanding, it needs pulling down and rebuilt, like the top clubs have done. It's an outdated shitehole.
This just proves exactly what my biggest fears were with this takeover, that it was never going to pan out how it should have done with a clean slate, debt wiped, new owners and United brought up to date heading into a new future.

This is it for me. A fekin sad day when United should have been making a new chapter in its history for the next generation. Instead we're going to be in the exact same position we have been for the past decade, absolutely NOTHING will change.

I'm done. My grandad supported United all his life from 1922. His son, my dad, supported United from 1942 and I've supported them since 1969, but today that ends. When my son was born he immediately got the kit and scarves but for a few years he's had a lot of stick at school for being a United supporter. Well this weekend he actually told me he wants to support Arsenal. In the past I'd have said no chance son, but I just said sure and ordered him the Arsenal kit.

This saga has done me. I'm not wasting my time on these parasites anymore and Ratcliffe isn't the future of United.

United are done as a top club. Fact.
The misery isn't over yet. If the Qataris buy Liverpool FC then that will be the final nail.
 

Rightnr

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Spends £1.5 billion, but still has to go running to Joel to make sure it's ok to buy a certain player.. Who we buy has always been a pretty minor thing in the Glazers ownership, you've just got to look at the squads we've had to know that.

If Ratcliffe wants to spend £500 million on the stadium whilst the Glazers are still there then I'd expect that to be a big deal, who we buy and and sell within a budget set by FFP I very much doubt it.
Our budget is not limited by FFP but by actual hard cash.

If the owners pump money into the club, our FFP budget can go up.

@Woziak has explained this point a stupid amount of times, so I cannot be bothered to explain further.
 

JagUTD

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It is funny because I read some posts here and I remember our case exactly.

“Ratcliffe is very clever and surely has a plan”

“We are talking about shrewd successful businessmen”

etc etc

No. The path to majority control has to be signed from now somehow. Otherwise, it can get very ugly.

Our investors here underestimated the leeches that were facing, and thought that getting in was enough for now even if we as fans demanded a full sale. Since they were our only hope (only interested group) we forgot the partial sale since we were over the moon for “the new era” and that they will find a way. They never did.
The 25% isn't a figure plucked from thin air though.

It makes you a person of significant control. Allows you to block the 75% majority rule which allows someone to basically run a business unopposed. It's only just below the mandatory threshold to launch a takeover bid and several other factors that give Ratcliffe and Ineos a strong base from which to start.

Given the make up of United shares as well, 25% could relate to an even stronger position when it comes to actual voting power, depending on how the sale is conducted and whos/what shares he ends up buying.
 

NotThatSoph

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  • Constantly posts about people needing to move on and how Ratcliffe ain't all bad
  • Posts a twitter link which he/she knows has been posted numerous times and is a day and a half old, so knows has been discussed
  • Proceeds to make snark remarks
  • Accuses the others of childish behaviour
This is gaslighting 101, folks.
Gaslighting is a psychological manipulation technique where the goal is to make the victim question their own sanity and grip on reality.
 

JagUTD

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It's started already.

Talk of 'upgrading' Old Trafford. It doesn't need updating or expanding, it needs pulling down and rebuilt, like the top clubs have done. It's an outdated shitehole.
This just proves exactly what my biggest fears were with this takeover, that it was never going to pan out how it should have done with a clean slate, debt wiped, new owners and United brought up to date heading into a new future.

This is it for me. A fekin sad day when United should have been making a new chapter in its history for the next generation. Instead we're going to be in the exact same position we have been for the past decade, absolutely NOTHING will change.

I'm done. My grandad supported United all his life from 1922. His son, my dad, supported United from 1942 and I've supported them since 1969, but today that ends. When my son was born he immediately got the kit and scarves but for a few years he's had a lot of stick at school for being a United supporter. Well this weekend he actually told me he wants to support Arsenal. In the past I'd have said no chance son, but I just said sure and ordered him the Arsenal kit.

This saga has done me. I'm not wasting my time on these parasites anymore and Ratcliffe isn't the future of United.

United are done as a top club. Fact.
Absolute gold.

A supposed century of support for United, through the good and bad and the thing that breaks you is not being taken over by some dubious State?
 

Rightnr

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Absolute gold.

A supposed century of support for United, through the good and bad and the thing that breaks you is not being taken over by some dubious State?
That high horse you are on is really something special.
 

gaffs

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Now that's an interesting question. Would the Glazers vote against a deal made with the Glazers.
There are members of the board that are in place to represent the interest of minority shareholders.

https://theathletic.com/4964267/2023/10/16/manchester-united-takeover-ratcliffe-ineos-glazers/

"The remaining three positions are filled by independent directors — Robert Leitao, Man Utd Sawhney and John Hooks — who are responsible for representing the minority shareholders."

From what has been reported, the INEOS purchase of only The Glazer stock was taken to and rejected by the board.

Im not sure if that proposal went to a vote, or if the three board members mentioned just said, nah, this aint gonna fly!

A question I am interested in is how the minority shareholders are going to ensure that their stock is purchased at some point. I say that because if INEOS stop at 25% (and its assumed that 25% will be split between Glazer and non Glazer stock) then surely that means the value of the remaining class A stock will plummet.

I dont see how that is any different to the initial INEOS bid that was rejected, because minority shareholders will still end up holding a lot of near useless stock.

@Woziak Very interested in your thoughts on how this could be navigated.
 
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C'est Moi Cantona

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Our budget is not limited by FFP but by actual hard cash.

If the owners pump money into the club, our FFP budget can go up.

@Woziak has explained this point a stupid amount of times, so I cannot be bothered to explain further.
Not sure this was my point, so no need you to explain further.
 

tomaldinho1

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The Shiek and Spurs are a match made in heaven actually.

All the smaller London clubs apart from Arsenal are hungry for that outside investment just like their city is these days.

Can see them doing bits but also failing utterly since it’s spurs. Would be a wild ride. In the words of Kevin Keegan I love it if Qatar took over and we beat them. With an English owner would be rather sweet :lol:
I assume this is ironic?
 

JagUTD

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That high horse you are on is really something special.
Given what fans of some clubs have gone through, to the extent they don't even have a club to support anymore, I think these "it's over for me" posts are just a bit much.
 

Pes6Monster

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Absolute gold.

A supposed century of support for United, through the good and bad and the thing that breaks you is not being taken over by some dubious State?
It's truly pathetic.

Won't support United because we won't win all the time. Accepts Arsenal as his son's team but omits the fact they won less than United last season.

Some of the sour grapes from the 'feelin' Qatari' crowd have been predictably embarrassing. Losing their shit with spurious phrases like 'high horse', but fair play, most have been dignified and open-minded going forward.
 

gaffs

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It's started already.

Talk of 'upgrading' Old Trafford. It doesn't need updating or expanding, it needs pulling down and rebuilt, like the top clubs have done. It's an outdated shitehole.
This just proves exactly what my biggest fears were with this takeover, that it was never going to pan out how it should have done with a clean slate, debt wiped, new owners and United brought up to date heading into a new future.

This is it for me. A fekin sad day when United should have been making a new chapter in its history for the next generation. Instead we're going to be in the exact same position we have been for the past decade, absolutely NOTHING will change.

I'm done. My grandad supported United all his life from 1922. His son, my dad, supported United from 1942 and I've supported them since 1969, but today that ends. When my son was born he immediately got the kit and scarves but for a few years he's had a lot of stick at school for being a United supporter. Well this weekend he actually told me he wants to support Arsenal. In the past I'd have said no chance son, but I just said sure and ordered him the Arsenal kit.

This saga has done me. I'm not wasting my time on these parasites anymore and Ratcliffe isn't the future of United.

United are done as a top club. Fact.
Outdated shithole? Do you go to games?

Let me get this right. You and your family have supported United for a century. You have supported United through 20 years of Glazer ownership. Finally, they are about to relinquish some control of the club and you want to chuck it in now?

You, my friend, are sounding like a snowflake. Pull yourself together.

And give your son a slap round the face for even considering breaking a family traditional and turning to The Arse.

Pathetic post.
 

Zen86

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Glazers selling a stake while remaining at the club, in any capacity, is a terrible outcome. Nothing more than extra vultures arriving at the feast, with less accountability for all. If there was ever a time for disruptive protest, now is it.
 

Matriac

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think your being rather naive if you think the Glazers will put a single penny into the club, they are not about addressing the clubs liquidity they are only interested in one thing filling their own pockets.
I never said the Glazers themselves would put their own money in. But someone bidding on something can put certain stipulations that the seller would have to accept if they want to sell (or negotiate differently).
 

FujiVice

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Talk of 'upgrading' Old Trafford. It doesn't need updating or expanding, it needs pulling down and rebuilt, like the top clubs have done. It's an outdated shitehole.
Bull fecking shit. Maybe the dumbest post in the whole fecking thread. What do you post that as a Man United fan? Jesus wept.
 

C'est Moi Cantona

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Given what fans of some clubs have gone through, to the extent they don't even have a club to support anymore, I think these "it's over for me" posts are just a bit much.
We all know its bollocks as well, they'll be watching like the rest of us and they know it.

They just need to be sure not to post on here for a while though.
 

JPRouve

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Gaslighting is a psychological manipulation technique where the goal is to make the victim question their own sanity and grip on reality.
Are you sure about that, have you looked at an actual dictionary or did you miss that it was a parody?
 

Laurencio

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There are members of the board that are in place to represent the interest of minority shareholders.

https://theathletic.com/4964267/2023/10/16/manchester-united-takeover-ratcliffe-ineos-glazers/

"The remaining three positions are filled by independent directors — Robert Leitao, Man Utd Sawhney and John Hooks — who are responsible for representing the minority shareholders."

From what has been reported, the INEOS purchase of only The Glazer stock was taken to and rejected by the board.

Im not sure if that proposal went to a vote, or if the three board members mentioned just said, nah, this aint gonna fly!

A question I am interested in is how the minority shareholders are going to ensure that their stock is purchased at some point. I say that because if INEOS stop at 25% (and its assumed that 25% will be split between Glazer and non Glazer stock) then surely that means the value of the remaining class A stock will plummet.

I dont see how that is any different to the initial INEOS bid that was rejected, because minority shareholders will still end up holding a lot of near useless stock
.
Agreed, it will be interesting to see how they sort that out.
 

Amar__

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Are we now the moral winners of world football after this and Greenwood saga?

Real Madrid and Manchester City are surely jealous of our moral trophies.
 

Rightnr

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Not sure this was my point, so no need you to explain further.
You implied the FFP budget is our ceiling for spending. It's not, given the right owner.

So, yes, it's relevant if you understand that spending and sporting decisions are all linked together and arguing Ratcliffe having sporting control is somehow independent is naive to say the least.
 

pascell

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Not watched the full thing yet (about 36 minutes of the full hour) but generally quite positive.

The journo himself said it's not the holy grail of Qatar magic money tree but Ratcliffe is well liked by the Nice fanbase (surprise for me) and that players themselves seem to have a very positive opinion of him, even after they've moved on from Nice.

He raised some other points about being more open with fans (contrasting this to the clown Glazers) but also mentioned him being seen as a bit cold (which was confusing and I need to listen again because maybe he was talking about the Glazers and I'm confused).

The other big soundbite I got was that Nice have spent 90m a year on average since Ratcliffe bought them 4 years ago. That is first promising since if you scale it to United and the money from TV rights in France, it sounds great. But then again they've finished 9th twice and 5th twice, so that's a bit of a bummer. This season is looking a lot better but also partially because PSG have started their own reorganization and it might give other big clubs like Monaco more of a chance to compete for the title.
Thanks for sharing, the bits that have been fed to the press ie restructuring the footballing side is what we need to happen first, a step in the right direction.

Then transparency with fans and open dialogue with them will also help moving forward.
 

JagUTD

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Glazers selling a stake while remaining at the club, in any capacity, is a terrible outcome. Nothing more than extra vultures arriving at the feast, with less accountability for all. If there was ever a time for disruptive protest, now is it.
They've already sold a huge stake though and where were the protests then? They own 67%, gave 2% to Woody and the 31% to various investors.

This time they're selling not just a stake, but a significant portion of control with it as well. It's a very different situation and signals the beginning of the end of their reign.

Just over a year ago, the very idea of a Glazer free United was little more than blind hope. As fans we misunderstood the early stages of the sale process and came to believe a full sale was an option but the reality is that it never was at this stage, and that became very clear early in the process.

The options were continued Glazer ownership with full control, or reduced Glazer ownership with reduced control. The big question now is how big the reduction is, what the next steps are and ultimately, what the end game is.

The Glazers got involved when Sir Alex retired. If the first thing we get with Ratcliffe is that they return to their Sir Alex era type ownership, then it can only be a positive. Our biggest issues haven't been the Glazers owning us, they've owned us during arguably our most successful period ever. It was the Glazers running us.
 

DownRiver

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Honest question that I have heard anyone ask:

If Ratcliffe initially wanted 51% but got struck down as the class A shares wanted a piece, why would he go down to 25%? Can he not get 51% and redistribute it across class B and A? He is paying less than the original bid?
 

C'est Moi Cantona

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You implied the FFP budget is our ceiling for spending. It's not, given the right owner.

So, yes, it's relevant if you understand that spending and sporting decisions are all linked together and arguing Ratcliffe having sporting control is somehow independent is naive to say the least.

I said Ratcliffe will have control over the transfers, football decisions, etc, and that he won't need Joel and Avram to sign them off.

I know the Glazers won't be putting any money in, so if Ratcliffe wants to then it just enforces this point.
 

RedDevil@84

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The Glazers got involved when Sir Alex retired. If the first thing we get with Ratcliffe is that they return to their Sir Alex era type ownership, then it can only be a positive. Our biggest issues haven't been the Glazers owning us, they've owned us during arguably our most successful period ever. It was the Glazers running us.
So you are saying SAF and Gill were not acting as per Glazer's orders, but Woodward and Moyes did?
 

JagUTD

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People seem to forget that we had to resort to loaning Weghorst and Amrabat in the space of 12 months. With 25% from Ineos we are not getting closer to City, they will hit 14 PL titles before we manage one.
If Ratcliffe puts the right people in the right places, like FSG did at Liverpool then we are more than capable of challenging for the big prizes.

Success isn't built on money alone. If it was then we'd have been more successful the past ten years. It's built on having the structure in place to get the most out of the money.

People will point to Nice as proof of Ratcliffes failings in terms of putting the right structure in place, but what if we looked at it as an opportunity to make mistakes and then learn from them? We're already seeing signs of this with Nice, though very early to really judge but also with some of the snippets we are now hearing with regards to United.
 

simonhch

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Nice will presumably be able to function as a feeder club for us to some extent. Great place to buy talent more speculatively, give them game time and if they explode move them on to United at reasonable fees. Also a great place to send up and coming players on loan.

You’d have to imagine that this is a glorious opportunity to sync the transfer approach of both clubs to both their benefit. Using Nice to hoover up as much quality young French talent as we can, and develop them and then not have to worry about paying 100m every time United sniff around. Also a great league to send developing players to. If we have synced sporting structures, players like Amad and Hannibal could’ve had tons of game time there.
 

pratyush_utd

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This Nice Manutd dual ownership was in news sometime back but i see no conversation on it now. Any indication on how it will be handled?
 
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