Club Sale | It’s done!
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Big yikes.
I'd also like to understand this. I read that under FFP owners could invest in infrastructure separately from FFP allowances but under the new financial rules infrastructure would take away from the transfer allowance.
We are on the same boat here, I'm Irish, I'm a 'foreign' fan too. Clearly there will be season ticket holders from outside of Manchester, our own club has a few season tickets too. But the fabric of the clubs constant game in-game out support is mostly Mancunians, and surrounding areas around or outside if be at as many if not most games.
No one is trying to downplay out status here, I'm just stating facts they are easily the most important aspect of the clubs support. It can't be argued. I wouldn't be getting the "blood boiled" over it.
You may be right, I'm not motivated to defend Ratcliffe. I'm sure he's a cnut, like most billionaires seem to be.
But we can only talk about what has actually been done, not hypothetical situations. And based on evidence, Qatar is much worse. And let's face it, this is likely a state backed bid, not an individual with zero state involvement.
Not just profit, also to remove the stigma of hooliganism within English football and display this on a global scale.
I put it in quotes because I’m not entirely serious & it’s obviously not comparable, just a bit tongue in cheek because I think that word has snowballed.
What does this mean?
Sorry but you are wrong and mixing up 2 separate issues
The Premier League was created to prevent the top clubs from losing income to the lower leagues and gain a bigger share of TV rights which previously wa shared more evenly across all leagues. Which again, is not a noble cause and ruined income for small lower league clubs. But had zero impact from hooliganism which took much longer to clean up and needed work from police, clubs, fan groups and new laws.
Work on that started in the 80s but took some time to reduce hooligan activity. This was with the Public Order Act 1986 which permitted courts to ban supporters from grounds, and the Football Spectators Act 1989 which allowed banning of convicted hooligans from attending international matches.
I guess some of this post also answers @villain
In short the Premier league was like an English "Super League" designed to make more money and give more influence to clubs in that league. Please do not conflate with sportswashing by state owned football clubs. It is totally different.
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Yes, they think non local fans have less worthy opinions about the club compared to theirs. Its like non locals have class "A" shares with no voting powers and they (just like the glazers) have class B shares with the voting power
.City are in the middle of a fraud case with the EPL right now for doing exactly this. [offbook activity] You have to declare everything.
(and it should be ok to go through a club if the owners inject $$$ to cover it)
They probably can do it through the club with ffp, because presumably equity injection will cover it.
Absolutely. But we are powerless either way. so may as well accept they are both utter cnuts and try to live with it. What else can we do? I don't think there's much value in playing the 'who is worse' morality game. (even though the answer is Qatar) - Qatar not buying us won't hurt them, or help anyone they hurt. Ditto to Ratcliffe.
What's big yikes?
This is how business is typically done. Middle Eastern splurges have skewed normality and made people think it's the norm.
Fraud isn’t infrastructure though. It literally can’t be fraud because it’s not illegal to rent a stadium that the club didn’t build.
it’s just not against the rules. That would mean Qatar could never build another building again while owning United without the club getting ffp over it.
It simply doesn’t make sense.
Great Post.
Bring Manchester back in Manchester United, but keep the debt in Manchester.
Nobody is ‘leveraging’ anything.
You're absolutely right but what can you do about it? The choices we can make are either staying or going. Suppose we can protest but it's hardly a potential French revolution. Most fans will settle down and start getting involved in the games. Like always.
It's against the rules to not list the rental as an expense. It's against the rules to pay significantly less than market value for it. And that expense counts towards FFP.
And I literally just said that they can cover builds with equity injection.
Eg.
a) Man Utd builds New Trafford. It costs 2bn. The owners inject 2Bn equity into the club. - This is allowed and does not impact FS.*
b) Man Utd builds New Trafford. It costs 2bn. The owners borrow to do this. - This now impacts FS. (Aka Spurs stadium)**
c) Man Utd builds New Trafford. It costs 2bn. The owners provide an interest free loan over 50 (or 500) years. This impacts FS, but obviously in a much lesser way.
*The current reading of the article states that you'd need to do this kinda via c), but it's probably just clumsily worded. (As in dripfeed it over x years to pay the interest free loan)
** It won't impact spurs as they built under old FFP rules
I mean who cares if Jassim is a United fan or not, it barely seems relevant.
Debt on debt is a big yikes
Would it be unreasonable to expect to hear which bid is looking the most favourable in the next week or so?
(Or of course to hear if non of them are favourable.)
(Or of course to hear if non of them are favourable.)
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Yep. He convinces me. I hope he wins out of the current candidates.
The Mail has been bought by the Qataris. It's like Pravda.
Plus, lest we forget, United fans campaigned incredibly hard (and successfully) against the BSkyB takeover, even though it would have given us a massive advantage, and we campaigned against the Glazers.
We literally fought for football and warned people that this would happen, but folk were too bogged down in their petty tribalism to understand the implications and rivals fans just took the piss....so i say...f**k em!
And....as you say, we're "owed" about £1.5/2BN, if we're talking about sporting merit....
Exactly.
He’s proving to be the best candidate for the club. Best of luck Jassim.
How many cases would you need for 5 billion in cash?
Joel Glazer will be Scrooge mcducking in a room full of gold coins, the cnut.
It is laughable that some united fans does not know how popular Manchester United was in the ME and Asia before 1992
The overcompensating is getting cringey now.Yes, they think non local fans have less worthy opinions about the club compared to theirs. Its like non locals have class "A" shares with no voting powers and they (just like the glazers) have class B shares with the voting power
Hopefully like Family Guy where Peter jumps in and breaks all his bones
I don't know how the Glazers can not accept the Qatar offer, that is unless they never really had any intention of selling all of the club, in which case they'd better have some spectacular PR lined up to smooth it over when they annouce it.
I don't think ' But they only offered £5 billion', will quite cut it.
I don't think ' But they only offered £5 billion', will quite cut it.
Theres a lot of people involved in the decision making which could cause issues
SJR has fudged the first statement after the bid.
Has media clowns scrambling around to give us more information but comes across like there’s something being hidden.
The feedback from Nice is that he made a bunch of promises and went back on them.
The communication so far from the Sheik has been clear and concise.
At this point it’s clear the UK media have a bias towards SJR but his comments and comms have been nothing short of incompetent and muddled which reminds me of our current owners.
Again Qatar must win the bidding , I hope they do.
Has media clowns scrambling around to give us more information but comes across like there’s something being hidden.
The feedback from Nice is that he made a bunch of promises and went back on them.
The communication so far from the Sheik has been clear and concise.
At this point it’s clear the UK media have a bias towards SJR but his comments and comms have been nothing short of incompetent and muddled which reminds me of our current owners.
Again Qatar must win the bidding , I hope they do.
Some of the journos have been proper cringe over this.
The crux of the article seems to be, no way could he have supported United before we won our first title under Fergie and obviously the cash is linked to the state of Qatar.
There’s no way they aren’t selling. If they don’t sell the protests will be larger than anything seen so far - they’ve just ensured everyone now knows they could sell as there are at least two viable offers. They will also have wasted lots of very rich and powerful peoples time - including Raine - which will impact them if they tried to sell in the future.
He will invest in ALL areas, clear dept and buy a club with cash. But still people want Sir Jim. Mind blowing stuff
Yeah the insinuation seems to be that all non Mancunian United fans are essentially glory hunters who started supporting after the success came in.
I don't think it's relevant in the slightest.
But the reality is that anyone trying to buy the club will try to promote the idea that they're a United and football fan if they can, because it's basic PR spin. And it works too, insofar as I've seen a lot of people here and online reference him being a United fan as a plus.
In itself that cynical approach in appealing to fans is so basic that it wouldn't even be worth commenting on. But when someone appears to effectively be a front for a state-backed purchase of the club, any suggestion that their claimed motives for buying the club may be disingenuous feeds into that larger story.
I mean as a 10 year old from a different country, it's not that far fetched, is it? How many 10 year old English folks do you know who support Gladbach or Valencia?
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