What a wonderful day that we no longer need to be worried about associating with an evil slave driving, sportswashing regime of cnuts.
The champagne is out early in this house !!
Club Sale | It’s done!
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What a wonderful day that we no longer need to be worried about associating with an evil slave driving, sportswashing regime of cnuts.
The champagne is out early in this house !!
They aren’t though?
It’s pretty clear to me.
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What's Neville on about?
The timing was great IMO,a lot of people wanted it confirmed, and the day before Christmas is just an early present to those who are looking forward to, hopefully, turning a corner.
I'm pleased, Merry Xmas!
The timing was great IMO,a lot of people wanted it confirmed, and the day before Christmas is just an early present to those who are looking forward to, hopefully, turning a corner.
I'm pleased, Merry Xmas!
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For feck sake, its Sunday, Christmas Eve… like people involved in the process for have anything better to do
The people who have 51% of any company, control that company. Sure, they can delegate decisions to the CEO, or to a minority stakeholder, or to whomever they want. Still, 51% can change this decision whenever they like. In our case, it is not 51% it is 75% (except if there are more minority owners, I am not sure).
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Mbappe when?
(1) could be part of the contract, as in Ineos can use all the money the club generates (minus those needed for interest payments) or all the money (minus those needed for interest payments) minus 2 or 3 percent which have to be used for dividends.
So essentially whatever we are spending now + whatever of their own money Ineos puts but hopefully without spending like a drunken lunatic like we have been doing.
Let's hope that's the case.
Announce Mbappe
I don't but the caf is a repeater panel for it
It’s really astounding. The levels of delusions, myths people will make up to justify their support for an obvious opportunist. He went from 100% to 75% to 50% to 25%
I think the “obligation to buy” nonsense making themselves feel good for abandoning the “full sale only” demand. It’s like getting in the bed with the devil and saying “we’ll be sleeping on separate sides”
Would you rather he didn’t bother then? Or we were stuck with an investor like Eliott?
Do they? They largely have in the past since only Joel (and to a lesser extent Avram) seemed interested in being hands-on, so they effectively had full control by default. But there were strong rumours that different siblings wanted different results from this sale process.
I presume there will be the option to review things in the future, and if things are going badly they can remove that power from INEOS. But if INEOS improves things that is only going to increase how much the club is worth which will increase how much the Glazer's are worth, so the other four siblings will have no reason to take the power from INEOS.
The logical reasoning was that he was providing additional capital on top of his initial investment. The thinking was that there was no way he would do this for nothing, and it turns out that is still the case, as at the end of the year, the additional capital will net him additional shares. If you also include the clause that grants him first right of refusal from the other Glazer shares, it shows that there is a path to full ownership, but it's not a direct clause as many thought.
Still no pat on the back for you.
Unless he has a deal to purchase the Glazers shares at a defined point in the future this deal makes no sense for Ratcliffe if he has any intention of buying out the Glazers, it can only mean he has no intention whatsoever of buying the rest of the shares.
Aye, it's one of the worst things to happen to the caf. Especially posts with nothing except a twitter link.
We'd have been 'stuck' with a 100% takeover by Qatar.
It is what it is.
The Glazers had the option of selling 100% but decided against that.
So the only other game in town was the Ineos deal. This now takes the running of the football side of the business away from the Glazers.
So I fail to see how this is bad news.
They pulled out a while back. I preferred Qatar too, but at this point they're no longer a viable option.
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Yeah well that wasn’t going to happen? So your choices are this with Ratcliffe or no change at all.
which do you prefer?
Ratcliffe's purchase also came with class B shares.
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All the reports say part of the agreement is Ratcliffe taking control of football side, and they all say that the Glazers don't have any veto on it. He's not buying into being the Glazers' employee. He is a class B shareholder like the Glazers are. And based on what I read before, he will have the highest proportion of all shares now going forward. This isn't a situation that can just be voted out, common sense is also needed here that nobody would give the Glazers 1.3 billion for something that can just be voted out in a few years. Don't be ridiculous.
Yawn. I suppose you two just wanted the Qatar millions to chuck more money at everything, as though that would actually help. Maybe you should go and cry about it at Stamford Bridge.
Reaching out to engage with MUST. More than the Glazers have ever done.
I know a lot of people are missing/ignoring it
We know that he's buying 25%, which will make him the highest single shareholder. We know that he's getting roughly another 4.5% by the end of 2024. We believe (not sure if it's confirmed?) that he has first refusal on any other shares the Glazer's sell, and that most (if not all) of them have sold some in the past so will likely sell more in the future. It is likely that any future investment (past the $300m that we know about) that Ratcliffe makes into the club will be compensated with him being issued further shares.
Will he ever get 100% of the shares? Perhaps not. But it's not like there isn't any avenue for him to increase his share to a fairly significant amount.
Think deeply why?
Do you really think majority stakeholders are not gonna meddle in the Football operations of a Football business?
Both the above are connected. In time you will see how.
This is the beginning of the end.
Majority stakeholders who have no interest whatsoever in those football operations, or even in football as a sport? While I won't sit here and say they definitely won't get involved, it would hardly be surprising if they didn't.
It’s fecking stupid.
Can someone please confirm:
The Glazers had 69% and have sold 25% to Ratcliffe leaving them with 44%.
If Ratcliffe can buy up the remaining 31% from other shareholders, that will make him the majority shareholder.
I know there are A class Shares and B Class Shares which complicates things which is why I’m doubting the above statement.
The Glazers had 69% and have sold 25% to Ratcliffe leaving them with 44%.
If Ratcliffe can buy up the remaining 31% from other shareholders, that will make him the majority shareholder.
I know there are A class Shares and B Class Shares which complicates things which is why I’m doubting the above statement.
Glazers laughing all the way to the bank, fair do’s to the ugly cvnts, they’ve played an absolute blinder here and I at least respect them for that, they’ve got the investment they wanted which will sit nicely in their pockets and still retain majority control over us, Jimbo’s £300 million peace pipe to the fans will get the parking spaces a new lick of paint and he’ll be the one copping the flak when, surprise,surprise, we continue to be shit for the foreseeable.
They have not given any indication that they’re open to a full sale and they probably never will be if by some miracle we actually start to win things again.
I would desperately love to be proved wrong but the fact them odious toads are still here will never ever sit right with me
They have not given any indication that they’re open to a full sale and they probably never will be if by some miracle we actually start to win things again.
I would desperately love to be proved wrong but the fact them odious toads are still here will never ever sit right with me
Class B shares are worth 10x as much as A shares in terms of voting rights.
Thanks mate, huge fan here. Exciting season for sure, got to all the games, saving my sporting soul. haha.At least the Ravens are going good (assuming you follow the NFL, if not then yeah, it a pretty grim time for you on the sporting front!)
Well said and everyone on here acknowledges this isn't the full sale we needed,however improving the structure with a DOF is a positive baby step. Will admit I am very concerned there seems no route to majority ownership though.
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interesting take. There is a veil of possiblity in the statements about Jim buying more
So whilst the Glazers had 69% of the total shares, they had 100% of the B Shares? Ratcliffe has bought 25% B Shares from them.
You’d wonder what is the point of owning any A Shares.
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