Maybe allows Jassim to negotiate later? Or they have hedged in Euros? He's a banker after all.
Club Sale | It’s done!
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Que? Doesn't he buy his morning coffee at his local caf with Euros in Monaco?
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Hope they've had the fax machine serviced.
That falls way short to what the ferrets are asking
They are hoping to do sport washing on a budget.
I did a currency conversion just now 5.5B Euros comes in as $5.91B, close to what they want.
My God people are so desperate to hate on the INEOS bid they are now calling out why all three owners were there
Its £6B they want, so its still far off.
American owned organisation, based in the United Kingdom, with a bid from Qatar using Euros for currency...
Anyway, interesting that the Raine group are also looking after this deal:
Vince McMahon, WWE Retain The Raine Group to Oversee Potential Sale | News, Scores, Highlights, Stats, and Rumors | Bleacher Report
Which is rumoured to be at least double that of the United sale, it could be they would like to wrap on the United deal before focusing on this.
Anyway, interesting that the Raine group are also looking after this deal:
Vince McMahon, WWE Retain The Raine Group to Oversee Potential Sale | News, Scores, Highlights, Stats, and Rumors | Bleacher Report
Which is rumoured to be at least double that of the United sale, it could be they would like to wrap on the United deal before focusing on this.
Its $6bln
Really? Because most reports have repeatedly said it’s 6 billion pounds they’re looking for not dollars.
But that’s only £4,8bn. He’s bunged an extra £300m only?
Come on Uncle Jim, go all out - you got this!!!
True it's abit off, but hopefully the Glazers will think this is the best offer we'll get and compromise. Wishful thinking but you never know.
This
According to sky is £6b
To be fair, it's been £6bn since the start according to shitty tabloids. But the broadsheets (Times, Guardian - not sure on Telegraph) seem to avoid mentioning any valuation at all. Basically like a transfer window where no one knows a fecking thing and it's all speculation.
Probably think $6bn should do it, will come down to how it's structured and how greedy the Glazers are ('very' being merely a starting point).
https://www.cityam.com/why-manchest...-asking-price-despite-cristiano-ronaldo-exit/
https://www.mirror.co.uk/sport/football/news/manchester-united-sale-price-glazers-29253275
https://www.dailymail.co.uk/sport/f...chester United,the club, according to reports.
Only around £4.5bn though.. well short.
Of course they want £6B. They’re not going to say “oh we would take anything, make us an offer.”
It’s typical negotiations. The buying party starts low, the selling company starts high.
Its been completely bungled by the UK media and now they have thrown Euros into the mix to confuse things further.
Raine is handling the sale and the Glazers are American further to this, the shares on the NYSE are dollar shares.
They price for United is $6bln, pounds and euros dont come into it unless some conversion is going on.
$6bln
£4.9bln
Euro 5.6bln
Its just hyperbole to list it as the highest possible in terms of what they are asking for so £6bln, which we have seen all over the press even as high as £7/8 and similarly to list the lowest possible amount from the bids so $4.5bln. Which is all nonsense.
$6bln - starting and lowest acceptable bid.
This.
Stop being infantile. Its nothing to do with 'hate' -- it's an operational issue.My God people are so desperate to hate on the INEOS bid they are now calling out why all three owners were there
It always amuses me how the football media struggle to tell the difference between £, € and $ 
Is it a British or American billion? An African or European swallow?
They both have a significant financial interest in both INEOS and this deal. Of course they would be present.
Plus, who wouldn’t want a tour of OT and Carrington. They are football fans too.
You think Sir Jim summoned them at gun point?!
Surely they can work on two deals at a time?
Our shares are traded on the NY stock exchange. In dollars.
Now is not the time to start beleiving our press, over anything.
Now is not the time to start beleiving our press, over anything.
It’s because £€$$ I$ MOR€. Or because RUB£€$ are the all inclusive currency. Or because £€$ $€A£€Y:It always amuses me how the football media struggle to tell the difference between £, € and $
Sky don't know whether they need a shit or a haircut. And we expect them to know the difference between £$€¥
its how they do things. We sell someone on £ they report it with the same figure but in € whereas when we buy someone in € they report it in £. Sometimes, they do it multiple times, inflating the figure each time. That how we spend £100m on Antony
It won't be Jim & his partners doing the number crunching & legal due diligence esp in such a short turnaround. C-suite guys don't do that. Their team does that.They both have a significant financial interest in both INEOS and this deal. Of course they would be present.
Plus, who wouldn’t want a tour of OT and Carrington. They are football fans too.
You think Sir Jim summoned them at gun point?!
Yes, but INEOS is a private company so ultimately it’s their money on the line. I’d want to know what I was getting into before the deal personally - seeming so do the INEOS trio.
Some people think Ratcliffe is a chancer that doesn't have the money so to them anything he says will be seen as negative. If he's bullish about the bid: he's just trying to save face, attempts to play hard ball on the bid: he's backing out.
You have to assume he is a serious, smart guy. And not that its ''a private company'' and he can do whatever he wants with his money.
That should have been done at stage 1 when they were going through their indicative offer. Not when you need to kick the tires and look at the legal, and financial obligations, revenue projection and its future value etc.
7 days turnaround is extremely fast to do this deal with all that preliminary DD that's required.
Not sure I would commit in reality $8-10 billion into this project this quickly.
It’s the three owners of a company all going to an an extremely high profile meeting regarding the possibility of acquiring one of the biggest sports brands in the World.
But sure, you can find that strange if you like and pretend it has nothing to do with your negative bias to all thing INEOS.
see above.
I’ve seen it, it’s nonsense. Of course the 3 owners would all want to be present.
There’s nothing even remotely strange with those three all wanting to be heavily involved and at that meeting.
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How many deals have you worked in your career? Any with INEOS?
I’d have to agree. It would be more strange to not want to be there. I imagine this whole process is quite exciting for them.
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