The leeches wants more money, shocking stuff!Everything this guy says is prefixed with a silent 'I recon'.
Hmm… this post was a piss take and wum post, did it’s job quite well, as you can see. Second I don’t care about politics one bit, that’s why I wrote “can’t wait to be state owned”. Unfortunately the caf needs white text to understand this.Leaving for a night shift feckin bored after reading pages of bollox about state backed or state funded.
Get back home this morning. Same shit, about whether 17% is enough... Then I stumble on this "gem" post.
Mate, just focus on football. Write about footie. Feck politics. And if you find some balcan players for transfer thread nerds, just do it. They will love you. I have one. Azeez Osenni. He is a Kante clone. Coming from Spartak Trnava. Will do a report about this midfielder shortly.
offering 4/1 to anyone who wants to bet on the Glazers stayingThey have 2bil in cash reserves, and they can also borow. Its done. Brothers want to stay, they are gonna bring Elliott on board. Sooner rather than later, Elliott will eat them alive. Then, in 3 years, when Glazer brothers are totally fecked, Elliott will take over 69% of shares - for just 2-2,5 bilion.
This sums up the ineos bid. 100%No, they aren't planning on investing money in the club.
Not only is Radcliffe not clearing the Glazers debt, he is purchasing the club with more debt, so the budget for the stadium and training facilities is less than zero as he'll need to extract more money from the club than even the Glazers do to make it financially viable.
Yeah, there's plenty of good reasons to own 100%. For example not having to report your financials publicly every quarter. And I'm not saying they are wanting to cook the books, but it's a lot harder to do if you're public that's for sure.He says the Qataris wanting 100% is strange and there is no reason to buy 100%. How stupid this statement is. The Qataris wanting 100% is logical, because them investing in the club from their own money and only owning 69% will make the other 31% get a free ride. Why would they give free money to the other 31%, how is that difficult to comprehend?
Abramovich gave Chelsea away free, wipe out his loans to the club and ensure the new owners have Chelsea long term plan in place.Those parasites will only be satisfied until they’ve milked the club dry of every last penny. Of course they’re not satisfied with getting a huge return on their investment into the billions.
Absolute leeches. Like a fecking limpet clinging to a rock. Absolutely pathetic - cannot wait until they feck off for good.
Except that's not how things work, they can offer up a Rights Issue with their bank as the guarantor and increase their holdings. Say they value the club at 5b and as controlling shareholders they say they need another 2b for the ground and operations they can fund the whole two billion if other shareholders aren't interested and maybe end up owning 80% or just fund it pro rata and sea with the minority shareholders later on.He says the Qataris wanting 100% is strange and there is no reason to buy 100%. How stupid this statement is. The Qataris wanting 100% is logical, because them investing in the club from their own money and only owning 69% will make the other 31% get a free ride. Why would they give free money to the other 31%, how is that difficult to comprehend?
I know greed blinds but surely they have seen the numbers and future revenue projections. Are they that Rosey?offering 4/1 to anyone who wants to bet on the Glazers staying
Do you believe anything of what you wrote?Abramovich gave Chelsea away free, wipe out his loans to the club and ensure the new owners have Chelsea long term plan in place.
On the other hand, the fecking shameless greedy Glazers who put in zero of their own money and is not satisfy with 4.5B profits after milked us dry for nearly 2 decades of 1.5B.
Hundred of millions of fans worldwide who made Glazers rich means nothing to these greedy American leeches. The fecking Glazers don't appreciate the fans at all, without the fans they're nothing.
According to his own numbers, the current bid gets them 3.2bn, and they want 4bn. Now I don't know about anyone else but to me if that's the delta after the first bid, there isn't going to be much issue getting a deal done here. The only real question is how close to the full asking price will the Glazers get. And my guess is, pretty close.I just watched it all as I wait for my partner to get out the fecking bath
Basically the two serious bidders (Jassim and ineos) valuations of the club are way below what the Glazers want. So far below that they aren’t even ready to negotiate yet. So Glazers/Raine want more bidders to come to the table to drive the price up. Or hope the two current bidders raise their valuations enough to be able to negotiate from there. Essentially a bit of a standoff
I am not a big fan on Brexit Jimmy but the debt will move on IneosNo, they aren't planning on investing money in the club.
Not only is Radcliffe not clearing the Glazers debt, he is purchasing the club with more debt, so the budget for the stadium and training facilities is less than zero as he'll need to extract more money from the club than even the Glazers do to make it financially viable.
you surely don't know what their plans or budget are, seeing as nobody doesNo, they aren't planning on investing money in the club.
Not only is Radcliffe not clearing the Glazers debt, he is purchasing the club with more debt, so the budget for the stadium and training facilities is less than zero as he'll need to extract more money from the club than even the Glazers do to make it financially viable.
Its not a coincidence that Avram the Rat was in Qatar in December and we have them alone from the ME gang bidding. He worked this deal and the Qatari know what the Glazers want but they couldn't offer it at first time of trying as they had to see what everyone else valued the club at and they were sort of right.According to his own numbers, the current bid gets them 3.2bn, and they want 4bn. Now I don't know about anyone else but to me if that's the delta after the first bid, there isn't going to be much issue getting a deal done here. The only real question is how close to the full asking price will the Glazers get. And my guess is, pretty close.
Yeah, absolutely. They would be insane to accept the first bid. And they'll get more for sure.Regardless of what we think of them, I think the Glazers are right to hold out for more.
Have I missed some communication that he plans to clear the debt? Because last I saw the message was very deliberately worded to say no “fresh debt” would be placed on the club, so the existing debt is going nowhere.I am not a big fan on Brexit Jimmy but the debt will move on Ineos
I know he was sanctioned but he put in a team to ensure the bidders have long term Chelsea plan in place.Do you believe anything of what you wrote?
Abramovich was forced to sell and got a deal in relation to his other assets in the UK.
Where does it say that? Nobody's reported that.I am not a big fan on Brexit Jimmy but the debt will move on Ineos
It was reported somewhere, but I don't recall where sorry.Where does it say that? Nobody's reported that.
It's been widely reported that Ineos will take any new debt. Quite frankly I cannot see United being able to take any more debt. That’s why the Glazers are sellingWhere does it say that? Nobody's reported that.
I'm not talking about another leveraged buy out. I'm talking about £500m debt that's already against the club. INEOS has no intention of clearing that - which makes sense, why would they clear a debt £500m on behalf of all the shareholders, when they only own 70% of the club.It was reported somewhere, but I don't recall where sorry.
But anyway it would be impossible to fund a bid for the club by loading debt onto the club. The revenues aren't big enough.
You are right it's fresh debt. That is one of the reasons why I prefer the Qatar bidHave I missed some communication that he plans to clear the debt? Because last I saw the message was very deliberately worded to say no “fresh debt” would be placed on the club, so the existing debt is going nowhere.
Also no word on funding of the new debt and what would be removed from the club on that front.
It's been widely reported that Ineos will take any new debt. Quite frankly I cannot see United being able to take any more debt. That’s why the Glazers are selling
I'm not talking about another leveraged buy out. I'm talking about £500m debt that's already against the club. INEOS has no intention of clearing that - which makes sense, why would they clear a debt £500m on behalf of all the shareholders, when they only own 70% of the club.
Ah I see, yeah. Sorry. I don't think they'll move that debt unless it becomes cheaper to do so in the future. And yeah, nobody has reported that they will.I'm not talking about another leveraged buy out. I'm talking about £500m debt that's already against the club. INEOS has no intention of clearing that - which makes sense, why would they clear a debt £500m on behalf of all the shareholders, when they only own 70% of the club.
At this point who knows. Still early in the process.Tweet
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Those who think the Glazers will stay need to look at this. Typical negotiation stance. They're trying to get a better price.
There was a great discussion about this on the thread last week, but the general gist is...Ah I see, yeah. Sorry. I don't think they'll move that debt unless it becomes cheaper to do so in the future. And yeah, nobody has reported that they will.
Right they will be insane to accept the first offer, they should and will drag this one out in the knowledge that the eventual buyer wants a summer window to make an impression.Yeah, absolutely. They would be insane to accept the first bid. And they'll get more for sure.
The only thing that hasn't gone well for the Glazers so far is there is only one state bidding. They know SJR isn't going to push the price up or get into a bidding war, so his bid is close to useless.
The only way to drive up the Qatar bid is to use the possibility of them not selling as leverage. Nothing else is gonna get them to the price point they want. But they'll get it.
But if they walk away they will never come back. And that will scare the Glazers more. End of the day they will have to sell. The non-engaged members of the family want their cash right now.I just get the feeling the Qataris will not want to lose face as they’ve been so vocal. It’s gonna be a point of pride and I think they will give the Glazers what they want.
It’s implied that Ineos would give Manchester United to pay off the loan by taking out a loan for themselves. United would not be debt free but the parent company half a billion, however Ineos would service that debt and it’s interest payments.whose to say that Two years into running the club the 500m would be repaid in a 10 year plan at £50m per year interest free whilst Ineos service the interest payments. The three options are simple ;Where does it say that? Nobody's reported that.
Without reading the article, the only way I can see them coming up with that type of number is if they are looking at United in the same way you look at an ordinary business.1.3b is an absurd figure
Yeah didn't Musk just buy 100% of twitter rather than just enough for majority control? It's not that uncommon.He says the Qataris wanting 100% is strange and there is no reason to buy 100%. How stupid this statement is. The Qataris wanting 100% is logical, because them investing in the club from their own money and only owning 69% will make the other 31% get a free ride. Why would they give free money to the other 31%, how is that difficult to comprehend?
