I don't much tbh just that Nice fans thought he was gonna invest much into the team than he has. They're a bit disappointed but then again it's Nice, they're crazy over there. They haven't been able to reach the CL places and they seem a little inconsistent in terms of ranking
Sir Jim Ratcliffe: I want to buy Manchester United | Will make a bid for the club [Telegraph]
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In the latest episode of the United Hour Podcast, Nik and Imran hold a long overdue conversation about United's awful league form with 1 win in 7. They discuss a disappointing draw at Bournemouth, a not so disappointing draw against Liverpool and a crushing defeat at Chelsea - Is time nearly over for Erik Ten Hag?
Then in a special second half of the pod, Nik welcomes Natalie ( https://twitter.com/natalie_17) to discuss the fortunes of Manchester United Women as they booked a place in the FA Cup Final after a historic first ever win vs. Chelsea.
Honestly, that is fine as long as they ensure that it is run properly on the field (and do put money aside for stadium and training ground improvements). The issue with the Glazer's isn't what they've allowed us to spend, it's the fact that the people they put in charge of running the club proved absolutely incompetent but stayed in their roles for a decade or so. There are also rumours that one or two of the Glazer's insist on having their own say on things like transfers which is also a huge issue if true.
The perfect owner for me would be one that did treat us as a business, but did so in a competent way. Take a small dividend out each year but otherwise all the money that the club makes stays with the club to spend. Headhunt the best-in-class for different positions throughout the club, ensuring that money is spent correctly. Stay out of the decision-making themselves, allowing those employees to run the business that they are hired to do. Doing it this way just ensures the long-term health of the club, rather than having to rely on a suger-daddy owner treating us as a plaything.
Other than maybe needing the owner to dip into their own pockets to help with something big like Old Trafford renovation (replacement?), I actively don't want an owner who puts their own money into the club. We are financially strong enough to not need it, and all it would do is cheapen any success we got afterwards in my eyes. Of course I don't want them taking out too much either (either directly into their own pockets or indirectly to handle debt). A small dividend each year, and then just enjoy the worth of the club increasing.
I have no idea if Ratcliffe would do it this way, but he does seem more likely than some others.
Essentially, whoever buys United not only has to pay the Glaziers off, but then will have to plow many millions into the stadium (new or renovation), training, management (pay off contracts following firings, contracts for new employees, etc) as well as ensuring money is there for players before they even think about running the club as a business.
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You just know a "not for sale" statement from the Glaziers is imminent. They just want a bit of cash, not to give up the cash cow.
It's not a cash cow unless they sell
Hopefully we here more, if the parasites don't come out with a statement saying the clubs not for sale then it's very big IMO
They've been milking the club for years.
That's not the same. There are way more lucrative ways to make money with the kind of money United is valued at
Big day today.
The biggest in 17 years I'd say.
Syphoning money out over the years is what they have been doing, hence my use of "cash cow."
They were never it it for a quick turnover or they'd have done it long before now.
I think we'd all welcome new investment at this point.
I have no idea how Ratcliffe would do as owner. Hopefully he'd put a good structure in place.
Sky were reporting that Dave Brailsford would be involved. Obviously football credentials are lacking, but he knows how to assemble a team of high performing sports people. That probably makes him more qualified than any the current incumbent
I have no idea how Ratcliffe would do as owner. Hopefully he'd put a good structure in place.
Sky were reporting that Dave Brailsford would be involved. Obviously football credentials are lacking, but he knows how to assemble a team of high performing sports people. That probably makes him more qualified than any the current incumbent
I wasn't trying to argue that the Glazers aren't parasites, just that they should be very interested in selling United if they want to maximise their profit.
The valuation might rise in future, of course, and other people know way more about that than me, but their decision at this moment is between $4-6bn and ~$20m/year
Surely they aren't that insulated from all the hate they get and realise that selling now would be the most beneficial
The Glazers clearly aren't going to sell their entire holding. We have to hope that someone comes in, buys a big enough chunk to have a say in how things are done with the potential and desire to buy more and convince the vampires to sell up further down the line.
I know little about Ratcliffe, how he does things, what sort of owner he'd be. He can't be richer than City's owenrs or Newcastle's but hopefully he or someone else is rich enough - and actually wants the club to succeed again while not behaving like an utter cnut.
Not sure how much of a supporter of the club he really is but he does seem to know how to run a business. Not sure either that I agree with what I've read about him being shy and liking to stay out o the headlines...
I know little about Ratcliffe, how he does things, what sort of owner he'd be. He can't be richer than City's owenrs or Newcastle's but hopefully he or someone else is rich enough - and actually wants the club to succeed again while not behaving like an utter cnut.
Not sure how much of a supporter of the club he really is but he does seem to know how to run a business. Not sure either that I agree with what I've read about him being shy and liking to stay out o the headlines...
there's talk of his company being involved as well as other investors, his company is worth 60 billion. if he takes over we won't be short of cash.
Well his company won't be writing cheques to buy players for United, I'd assumethere's talk of his company being involved as well as other investors, his company is worth 60 billion. if he takes over we won't be short of cash.
No, i assume it would be the same as chelsea's ownership? Boehly fronts it but it's A capital group as well who are extremely wealthy
United are capable of spending on players themselves, they've done it for 17 years without owner input
Their businesses are getting slammed on review sites. Their own kids are now getting abused on social media. Not that I condone that behaviour but you really do have to question is it all worth it anymore for them?
I'm honestly surprised nothing worse has happened tbh. Madrid or Barca fans would have kidknapped somebody by this point and I'm not even joking.
I'm honestly surprised nothing worse has happened tbh. Madrid or Barca fans would have kidknapped somebody by this point and I'm not even joking.
They aren’t going to sell their entire holding yet but if this goes ahead its the beginning of the end of them.
If they need investors then its a clear admittance that there isnt enough revenue to run the club properly and they have no money to put in.
It would explain why we arent signing anyone - theres no money. We had to borrow 200 mil to cashflow the club through Covid.
i think they realise that the clubs value under them is only going to slide from here and since almost all the glazers wealth is made of assets not capital then it would be the ideal time for them to liquidate their position
That doesn't really stack-up though....it's quite complex but I don't believe the Glazers have actually made that much from United (yet) have they?
I know people bang-on about the dividends and I don't have the exact figures to-hand (Google suggests about £80m) but I am sure they haven't actually taken much, especially when you consider what they could have made investing elsewhere. Not a great return is it that...£80m over 17 years between 6 major shareholders.
Likewise, £1.5BN has been drained out of the club, however, that's been paid to the financial institutions which lent them the money, it hasn't gone into their pockets.
Basically, I am sure they have made some money but when you consider their wealth and what else they could have bought/invested in...seems a poor return.
I think the plan was always to continue to grow the brand/business, have a (somewhat) successful team on the pitch and the perfect 'instagrammable' product off the pitch.
The problem is, growth has stalled, new avenues for revenue generation seem to have dried-up, fan/sponsor confidence is at rock-bottom and none of them have a clue how to run a football club. As it turns out, the clubs performance on the pitch does have a material impact on their ability to generate revenue/profit!
At this point, with the recent knock-back of the ESL proposal, I think the Glazers have realised that the club requires major investment to make it profitable again...and they don't have the cash, the appetite to do it or the expertise. A sale is now the best option for them to see a return...and it would be a very handsome return, given they never actually used a penny of their own money to buy the club!
The dividends they've been taking out of us without any investment beg to differ.
The super league falling on its arse was the straw that broke the camels back for me, I think they were counting on it and a sale became much more likely when it collapsed
Not really, they're a shocking return for a $5bn asset
This cash cow is crashing bad. The value will continue to decrease and if they want to make money, they need to sell spon
Apparently the buggers have tried to suggest the club is worth £5b! (That's pounds!). I think it is because they've run into trouble now that they are trying other means of improving cash flow (the minority stake business), but I really wish they could be tempted to let the club go.
I guess you are only (partly) joking but you have over estimate his worth. Sunday Times Rich List 2021 says:there's talk of his company being involved as well as other investors, his company is worth 60 billion. if he takes over we won't be short of cash.
Net worth: £6.33bn ▼ £5.82bn on 2020
Source of wealth: Chemicals — Ineos
Rank on the Rich List: 25 ▼ 20 on 2020
Ineos assets (according to wiki!) $33bn (with the tories helping sterling tank that's about £7.29p ha haha)
I am sure they could get a lot more if they invest those $5b or so elsewhere.
Have a look at that Twitter thread posted here. I don't pretend to know ANYTHING about money (which is why I don't have a pot to piss in), but it was a real eye-opener and they've taken more than you'd think.
Please be right!
Being bought, by someone who doesn't chop people into small pieces, and he's a local boy? Nobody make loud noises please because I don't want to wake up!
Yeah this is exactly my point. Not claiming they don't take money out of the club, but they could make way more if they sold and reinvested
I honestly don’t understand why they wouldn’t want to sell. They make like what £20m a year at the moment whereas they could make around £5bn just by selling us.
They wouldn’t have the stress of the club anymore, the constant abuse and they could invest the money into another cash cow which would probably make more money.
They wouldn’t have the stress of the club anymore, the constant abuse and they could invest the money into another cash cow which would probably make more money.
you are presuming a couple of things: 1) they know what the feck that are doing and 2) are half-decent human beings. ha ha
seriously, though, yes, I did say hopefully over time the will sell up and crawl back into their coffins in the basement of one of their homes
This is exactly my point though, they only make serious cash with United by selling (parts of) it
I think a lot of their other investments have been failing according to that Twitter thread posted here. Fascinating stuff!
I objected to the way they were allowed to buy the club in the first place
It's scandalous that it was allowed and the rules and regs that have been put it in place since to stop it happening to anyone else makes it even more infuriating