- Jan 1, 2021
It’s all guesswork now but their forecasted profits for 2022 and cash balance suggest that can provide 3bn or so, with the rest being made up of loans.
From what we have been told about their bid, the rest would be 1.5bn.
Now make no mistake, INEOS forecasts show they absolutely can take on that debt, plus the 18m /year servicing of the Glazer debt, without barely affecting their bottom line.
United, removed of debt can handle their own transfer budget and some, the club can likely match any other sides transfer business whilst still paying for it’s own new training ground (Leicester’s state of the art cost 100m, so double that for United).
INEOS profits also tell us that the company could after an acquisition, foot the bills for a new stadium or revamp over the coming years, without requiring extra loans to do so.
So there’s no question INEOS can “afford” it, but can they outbid the Qataris? The only important factor here? Very very doubtful. And the Glazers will simply sell to the highest bidder.
I genuinely doubt the bolded part.. just from the published results of some of their financial groups like the Group Holdings or Quattro, their profits are at 2bn or something, which will still be needed to service their future debts and for capital or operational expenditures to run their massive businesses.
As you said it's a guesswork and we don't know how financially strong INEOS is (privately owned and all) and they could simply just take on any debts and even spend some on the club, but from the limited published financial information, not much is there to undertake on a huge loan to buy the club at 5-6bn.
Btw I am really ok with INEOS as a potential owner, my worry is simply about it they can invest further on the club in certain areas as well as managing whatever loan they take to fund the acquisition of MUFC