When we're talking about those sums of money, does it matter? Is it the efficient running of Manchester United or wallet-waving bragging rights people want?
Club Sale | It’s done!
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Trouble is, they are not negotiating - yet. Nobody knows what price they are looking for. The rumoured £6bn is just that - a rumour.
They need to go in with a "conversation closer"
It matters in a few ways.
If it's true that they bid is private, then the net worth of the people involved has to be many times 6 billion, so the official estimates have to be off by an extreme amount. This also means that the guy is one of the most corrupt people alive, which you'd think is relevant.
Correct
https://www.bbc.co.uk/sounds/play/p0fcrhg2
Latest Podcast: Simon Stone says he has heard a lot of talk in Budapest from highly places people that the Glazers are increasingly likely to stay with Elliot changing their bid from funding to buying a stake at the club.
Nice little insight into Edwin Van der sar asking Simon Stone what is happening with the sale.
Latest Podcast: Simon Stone says he has heard a lot of talk in Budapest from highly places people that the Glazers are increasingly likely to stay with Elliot changing their bid from funding to buying a stake at the club.
Nice little insight into Edwin Van der sar asking Simon Stone what is happening with the sale.
Aren’t the Washington football team the bottom dwellers in the NFL? How are they going for 6 billion?
Not seen anything that high but undoubtedly the estimates from Forbes and The Sunday Times that people keep quoting are an embarrassment.
He's surely one of the richest blokes in the world and can easily afford to buy the club privately
As is SJR of course
No it doesn't mean that in the slightest
But yes the official estimates are undoubtedly off by many many times
And the responsibility of the Raine group to spot all of that. That's why they're in place.
That's absolutely not their responsibility, their responsibility is to get as much money as possible.
Manchester City are officially privately owned, and Newcastle are officially ran indepentently from the Saudi state. None of those things are true, but that's not because of a mistake or negligence, that's on purpose.
What? The Raine group are there to establish the bona fides of the bidders. To ensure the bidder actually has the funds in place. I said nothing about them establishing if it is a state bid or a private bid, you seem to have gone off on a tangent with that one, mate.
In fact, I was responding to a poster trying to compare Radcliffe's INEOS wealth with Qatar's.
And the United purchase will be another one.
Nope
What I said: Either the bid is a state bid, or a private bid. If it's a private bid, then the official net worth of the people involved are wrong, and the people involved are extremely corrupt.
You said that it's up to the Raine group to establish that, but it's not. No one doubts that they've got they money. Obviously that's because it's a state bid, but if it was a private bid where the money comes from curruption that also wouldn't matter to Raine or the Glazers.
But, for people who care about United, it obviously will matter to some of them that, if those saying it's a private bid are correct (they're not), it would imply extreme levels of corruption. The assets of Qatar's sovereign wealth fund are worth around 500 billion dollars. That sum is a result of gas and oil income, and investment returns on that income, and a government employee is supposed to be worth half of that? It would have to have been his personal piggy bank.
it's certainly possible!But I think HBJ is too busy making his own fortune - found another couple of billion that Forbes managed to miss:
https://www.reuters.com/article/uk-heritageoil-mergers-idUKKBN0DG0K620140430
That's bad
Couldn’t think of anything worse!
What I said EXACTLY was: " When we're talking about those sums of money, does it matter? Is it the efficient running of Manchester United or wallet-waving bragging rights people want?"
Basically, "how much is enough?" "Do we need Qatar level money?"
....and you took it from there.
I also said it is up to the Raine Group to establish if the bidders have the money. That's their job. Simple as.
Neither are among the richest. Even if Jassim's Dad had 10 times his estimated net worth on Forbes, it would probably not be enough for him to buy United outright, invest another couple of billion into infrastructure, and throw yet more money at transfers. There would have to have been massive corruption for him to make much more than his current, estimated net worth. It would be a piece of cake for the likes of Bezos, Gates, Ballmer or the like to buy United though. The rest of them are comparative paupers.
Then I don't think you understood what you were replying to. No one doubts that the bidders have the money.
Elliot will just wait for the club's financial situation to get worse then take over the club like they did at Milan. Followed by a probable sale to Qatar in a couple of years for less than the Glazers were asking for.
I kinda did. I responded to "At the same time, I do wonder how much JR would be worth if he went public with INEOS."
In respect of, "isn't what he has now enough to do the job of sorting United?"
Qatar will have moved onto Liverpool or Spurs long before that.
At least we will retain the moral high ground
Alright, then I was the one who didn't understand.
Not really as over half the fanbase has been begging Qatar to buy us.
That's cool. Listen, we all want the best for United, this is a weird thread and people get cross wires!
Fair play to you!
Maybe you can go support whoever Qatar buy. If they buy us it's a bonus!
Bizarre thing is, some will genuinely be gutted if Ratcliffe wins!
You keep repeating this but Liverpool aren’t for sale, nor are Spurs
Still not sure how Elliot buying a stake achieves much:
- do they get voting rights shares? If not what’s in it for them as they can buy non-voting shares on the stock exchange at will.
- do the Glazers pump the money they make on the deal back into Utd for infrastructure development? Be gobsmacked if they do
Everybody is for sale at the right price.
I think Liverpool will be for sale at the right price. I suspect they’re waiting till our situation is resolved.
The owners very publicly came out and said they are not for sale at the moment.
Stop panicking about things you have zero influence over. Will do no good.
There will be fecking riots if the Glazers end up staying after all of this.
So do we believe that the Eliot 'minority's' stake offer is now the most likely outcome?
Now that Stone has made this remark. I obviously hope it is not true, but this Elliot noise will not go away!
Now that Stone has made this remark. I obviously hope it is not true, but this Elliot noise will not go away!
I’ve not seen anyone else mention what Stone has said. I imagine it’s just more hear say at this point.
I can’t see it either. The Glazers will know what getting into bed with Elliot means. If they take a buyout from Ineos or Qatar, they get almost 100 years of dividends upfront. They’re not getting anything close to as good as that from bringing Elliot in. I think they’re briefing the Elliot stuff that Stone has got so that they can push up on a 3rd round of bids.
Well there’s literally zero corroboration from anywhere else so I guess it’s how much you put in trusting the accuracy of what Stone has been told third hand?
Don’t recall him being at the forefront of the takeover news tbh
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