He’s appointing people he knows but it’s been reported before that monies wouldn’t come from Ineos (not saying that proves it) but he’s worth multi billions… he doesn’t need Ineos’s money
Manchester United reaches agreement for Sir Jim Ratcliffe to acquire 25% of the company
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In the latest episode of the United Hour Podcast, Nik @Rood and Imran @Annihilate Now! start with the good news by celebrating Manchester United Women's emphatic FA Cup win over Spurs at Wembley and the future of manager Marc Skinner.
Then it's the bad news and the ever worsening form of our Men with losses to Arsenal and Palace.
Finally the main debate - ETH Out now or keep him until the end of the season - if not longer. Are you Team Nik or Team Imran?
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And a 2/5 rating for the chicken
That's how I interpreted it. If the shares don't revert, he can go after the 4 other siblings who want out. Additionally, he can keep pumping further investments into the club, diluting everyone else's stakes in the process.
100% this, there's some elements of the club that have remained in house which would normally be subcontracted to a separate company, I understand this was done originally for the kudos but the cynic in me suspects its remained this way as a cost cutting measure. I'd imagine Ineos will have been lobbied by companies already or already have ties to companies that will be eager to get on board. The recent food hygiene incident offers a good example, catering, maintenance, ticketing, security office staff I'd imagine pretty much everyone from Murtough to the carpark attendants will be viewing this with some caution. There are a few obnoxious parasites that should be public marched out of that place with rotten fruit thrown at them, but the vast majority of staff are good, loyal and I hope they benefit from any potential changes
Absolutely.“Every journey begins with a single step”.
Step 1. Feeling positive
This. It’s a minority investment that has bailed the Glazers out.
Man Utd is owned by the Glazers - it is very important to remember this amid the tsunami of PR guff designed to take pressure and responsibility off them.
It’s the ultimate best outcome for the Glazers - a very Happy Christmas for them indeed.
yep this
Is the start of another 2 decades of domination?
That theoretically should be all we need. For all their faults we've spent money we've just spent it horribly. Get the right people in making the decisions and hopefully we can turn this around. It won't be over night by any stretch of the imagination but hopefully something changes.
Small steps..
Absolutely. Played everyone perfectly, including us fans.
I don’t think Ratcliffe is spending hundreds of millions (with much more to follow) to cut 50 jobs and negotiate a 10% cut in the catering supplies to be honest. And I’m not sure it’s his call? .. he’ll have control over football side?
Is it safe to assume any activity in January, however little it may be, will be under instruction from Jim and those he sees as key to the footballing side of things such as JCB/Mitchell etc?
"Officially" they can't touch the club until it's ratified, but in what world does the club sign off on anything without consulting those in pending control of football operations?
"Officially" they can't touch the club until it's ratified, but in what world does the club sign off on anything without consulting those in pending control of football operations?
nan: your mum told me you wanted a new owner for christmas and the man in the store said this was the one all the kids wanted.
me: yeah thanks, nan.
me: yeah thanks, nan.
Good that we’ll theoretically have someone else in charge of running the club, which you would think couldn’t get any worse.
However, anything which enables the Glazers to stay on for the long term is a bad deal.
However, anything which enables the Glazers to stay on for the long term is a bad deal.
It‘s like wanting a PS5 for Christmas but opening the wrapping paper and getting a PS4
Is it better than nothing? sure but ultimately deep down it’s a bit shit
Yes it is.
It's Christmas. Don't let The Fake Sheikh's inability to do a deal ruin it for you.
Worst possible outcome confirmed. Paper and cracks.
Well I hope the Jim supporters got what they wanted and if it was this deal announced then yeah good luck
I dunno if or when it'll be made public but surely the Glazers will be selling their shares from the ones who want out.
Avram and Joel will not be selling the same number of shares to Ratcliffe as Darcie and co.
No point talking about the Sheikh because he pulled out. He wasn't up for it. Had no gas in the tank.
Maybe he will change his mind and come back again in the future, but the Glazers will probably quote him 100 billion
Maybe he will change his mind and come back again in the future, but the Glazers will probably quote him 100 billion
I can see us spend around 60m. Possibly guirassy and todibo
It’s not the outcome I wanted this time last year, but I still feel this is largely positive, because it comes with a remit of a change in footballing operations and investment into the infrastructure at the club, both are much needed. Ratcliffe is by no means winning the lottery, he is not a genius who is going to mastermind the change in fortunes of the club, but if he is able to appoint the right people who can run the sporting side of the club, then maybe he can make a success of this.
I'm not sure what Ineos can do, they can't pump money into the club for players. FFP wont let them.
As far as I can see, and unless anyone can say different we are still up shit creek without a paddle having to sell before we can buy, and the loss of European revenue this season and it's looking more like next season as well. puts us in even a bigger hole.
As far as I can see, and unless anyone can say different we are still up shit creek without a paddle having to sell before we can buy, and the loss of European revenue this season and it's looking more like next season as well. puts us in even a bigger hole.
They can to an extent. I believe up to 90m? Which actually goes a pretty long way when you consider amortization.
I honestly don't know, i'm speculating, but to use the food hygiene incident as an example, the Glazers are indirectly responsible for this but if we know one thing about them it's that don't care, standards don't seem to bother them, I have a feeling Ratcliffe/Ineos will have higher standards, I can't stress how bad a 1/5 food rating is for a brand of this size, they charge upto £2000 per head in some suites depending on the fixture. Millions have been spent on upgrading suites, to do so with any less than a 5 rating is not an option. Bringing in a private company that specialises in stadiums such as Compass will go a long way to protecting them from this happening again.
Kieran Maguire said on SSN if the takeover is approved by the end of January he will be able to buy more shares which can be used to fund transfers.
OGC Nice will probably be a decent feeder club for us now.
Anything that takes the Glazer chuckle brothers away from anything football related is a good thing. Numpties making a balls of things, I dont think Sir Jim could do any worse then those clowns.
Unless they already have specific targets in mind (which they might since they've had a long time for due diligence), I reckon they'll wait until summer. No more unplanned panic buys hopefully.
What other way would have been acceptable?
Not sure about that. Avram had already sold some of his shares previously, and is only the fourth highest of the siblings. If he's sold previously no reason to think he wouldn't sell again. I expect they all probably sold some, but it'll be interesting to find out what the percentages were. I presume if it was one or two of them completely exiting (or close to it) then we'll hear about it, whereas if we hear no details it was likely an equal (or close to it) amount.
Before selling to Ratcliffe
Joel - 19.11% voting power
Darcie - 18.15%
Bryan - 17.23%
Avram - 14.38%
Kevin - 13.77%
Edward - 12.99%
Probably but he was just stating that it was possible.
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Yes, of course
So how much of the club will SJR actually own? The statement says it will be up to 25% of the Class A shares and 25% of the Class B shares but what does that equate to overall?
The statement also says that the Glazers and the other Class A share holders will recieve $33 per share so I guess that means its not only part of the Glazers shares he is buying.
The statement also says that the Glazers and the other Class A share holders will recieve $33 per share so I guess that means its not only part of the Glazers shares he is buying.
Is 300m enough to bring OT to an elite level of sports facility?
I doubt it but its a start
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