Why are people still talking about "the Glazers" as if they're one voting bloc? By all accounts the four other siblings (Bryan, Darcie, Kevin, and Ed) want out entirely. Over time I believe they'll sell their stakes to SJR and there's nothing Joel and Avram will be able to do about it.
Club Sale | It’s done!
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The Glazers will sell if they believe it makes financial sense for them to do so. And that is only influenced to a minor degree by our success on the pitch.
It is much more substantially tied to broader concerns like the generation of new revenue streams, developments in certain markets, changes to competition structures, etc. The value of the club could dramatically increase in coming years even if we struggle on the pitch, just as it could remain static even if we are successful on the pitch.
Be funnier if he did it tonight
This stuck out to me. The Glazers have all but confirmed they don’t gift a feck about the football club, they just want their mucky stolen cash.
That depends on if the bylaws still state they all need to agree.
Absolutely. We need to win things for this bitter taste to diminish. If we win, as another poster has said, we won't care who has majority shares. But if we go down more, then the toxic levels around the Man United ecosystem will be enormous.
We have to cross our fingers and hope we will be successful from here on
Quarter > Qatar
True, it's still unclear what's changing from a governance perspective. Hopefully we'll find out the full details soon.
Christmas has come early for the Glazers . Continue to rinse the club (for 75% of what they have been mind) whilst sitting in the background with their slippers on. I do believe Ratcliffe will return us to the top, purely for the fact he’s a red and he’ll do everything to get us back to where we should be. But the Glazers are the ones who are laughing to the bank here
No, they don't.
2 questions as the news is too thick and fast to digest
1) so Ineos haven’t bought the 25% stake? Just Sir Jim on his own?
2) is Jean Claude Blanc officially joining as CEO?
1) so Ineos haven’t bought the 25% stake? Just Sir Jim on his own?
2) is Jean Claude Blanc officially joining as CEO?
3rd time lucky I guess
Kay.
Am I the only one that has noticed this in INEOS statement? Or am I misunderstanding it?
It's exactly what a few of the more knowledgeable posters have said would be the likely avenue for Ratcliffe to increase his control as time goes on.
Ratcliffe is buying 25% of the club. Then he's putting $200m into the club, which will also see him receiving additional shares. Then he's putting another $100m into the club, which will see him receive more shares again. Presumably any further investments that he makes into the club will have the same deal. This encourages him to continue investing into the club, and each time he does he gets more and more control. The original $300m investment over the next 12 months will see him gain roughly an extra 5% control, taking him up to 30%.
It's exactly what a few of the more knowledgeable posters have said would be the likely avenue for Ratcliffe to increase his control as time goes on.
Give me some more of that chaos!The Glazers still have to agree, he can't do it autonomously.
That makes sense. If his investments didn't result in new shares being issued, he'd be giving the other shareholders a free ride.
I think we all unanimously agree that the main problem with the Glazers has been their total lack of understanding on how best to run a football club. Hiring non football people into football roles (you couldn’t make it up) Splurging billions on players that aren’t good enough and hiring terribly!
It isn’t rocket science. If you want to be the best then hire the best. Now SJR has taken over, I feel that this will now happen. Blanc as CEO and a world class DOF will lead us back towards the top. We are still the best supported club in the world that is a financial monster! Today is a good day and the start of a new era!
It isn’t rocket science. If you want to be the best then hire the best. Now SJR has taken over, I feel that this will now happen. Blanc as CEO and a world class DOF will lead us back towards the top. We are still the best supported club in the world that is a financial monster! Today is a good day and the start of a new era!
They needed investment in the club what are you talking about the well is dry
The Glazers literally earned billions off this club. They are not on their knees. They are great at doing business. And by business I mean filling their own pockets.
Or do you really think they are crying in their mansions because some fans protested and someone flew a plane with a banner over Old Trafford?
FFP is up our ass, the stadium is falling to bits, the debt is rising they had to act are you for real?
They aren’t cash rich they’ve put feck all into the club and it can’t sustain itself any longer hence selling shares
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They really aren't, I'm not trolling. In sailing they no history of success, their F1 team has had worse results than the previous owners, their cycling team has declined since they started sponsoring which is potentially linked to Brailsford cheating system being under more scrutiny and they have no history of success in Football.
So to say that INEOS Sport have a very good track record, is at best a massive overstatement.
Anything the glazers have their hands in is bad for the fans and good for them in the long run. It’s right to be skeptical under proven otherwise. Hopefully Big Jim has some real control and know how and the best interests of the fans at heart. I think it’s going to be a very rocky road for the next few years and SJR is getting on too… it’s messier than it needed to be, that’s for sure
Question for anyone that is knowledgable about the NYSE and that process. Why has there not been a SEC filing? Is that simply because it's closed?
Hopefully. I don't even blame them for most of it, F1 is really difficult and very expensive, Sailing is dominated by other nations that have a massive advance and in terms of cycling, it's complicated to cheat when your GM is a known cheat who had to let his doctor go.3rd time lucky I guess
1 year saga and an emotional roller coaster. Thank goodness it’s done and hopefully the injection the club needs to come back to relevance.
these guys really never leaving huh
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.
Thank feck it's done. For better or worse we can now move forward.
Just about as underwhelming as i expected. Financially almost a non event from the club's POV, just an extra layer of murky bureaucracy conceived by the dumb notion that you can isolate and compartmentalize the footballing side from all others. I expect that the 300m will be used to pay down the club's credit cards (250m borrowed to cover past acquisitions like Sancho and co). Not too much left over for Dulux weathershield.
I suppose you could construe it has monies available for future investment in the sense that our future short term borrowing capacity is refreshed.
I suppose you could construe it has monies available for future investment in the sense that our future short term borrowing capacity is refreshed.
He's not going to be voted out by the Glazers after he bought 25%. That's not how it works
would you say more so than football? - also, based on what they've done elsewhere/previously - are you optimistic based on the challenges presented at United?
It's far better than we've got currently.
what other investment would increase over sixfold in 15 years?
If you could go back 15 years you'd invest everything into tech. United is chump change in comparison
Why do supporters care who has commercial control over the club? All the majority care about is how well we do on the pitch, and we're now getting in a team to oversee that to ensure we're up there with the best.
Miserable fecking bastards.
Miserable fecking bastards.
This is correct, the announcement already has detail in further purchase of shares, conveniently ignored by most people. But tbh INEOS already have full ownership on the sporting side of things so its just commercial left.
I'm sure he'll make something up.
Not arguing against that
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