Club Sale | It’s done!

Status
Not open for further replies.

DomesticTadpole

Doom-monger obsessed with Herrera & the M.E.N.
Joined
Jun 4, 2011
Messages
101,624
Location
Barrow In Furness
Football clubs just don't make money period. American sports are rigged with salary caps and franchise models in order to make money for the owners.
Do the smaller teams still get the proceeds of luxury tax if the big teams overspend? A lot are just happy to exist, no consequencies for failure as no relegation.
 

Pexbo

Winner of the 'I'm not reading that' medal.
Joined
Jun 2, 2009
Messages
68,815
Location
Brizzle
Supports
Big Days
This explains why it’s now either “Qatar or Minority”.

Gut says that Qataris are currently in exclusive negotiations and that’s why it had gone silent and they’re confident it will be closed soon.
 

SteveCoppellFan

Full Member
Joined
Jul 17, 2014
Messages
878
I think the best approach is to pop in here at the end of each day and see if there have been developments.

Otherwise some of you will be mentally shot by the time this is done. !
 

Sid234

Full Member
Joined
Feb 24, 2013
Messages
3,748
Location
Infinity
So we're left with Jassim or minority investment into the club now.. hope SJ wins, Glazers staying on would be horrible for the club
 

DomesticTadpole

Doom-monger obsessed with Herrera & the M.E.N.
Joined
Jun 4, 2011
Messages
101,624
Location
Barrow In Furness
I think the best approach is to pop in here at the end of each day and see if there have been developments.

Otherwise some of you will be mentally shot by the time this is done. !
I stopped reading all the posts a little while back. I go to the last page whenever I log on and it pretty much sums up the mood.
 

Revan

Assumptionman
Joined
Dec 19, 2011
Messages
49,909
Location
London
Bad news if true. Glazers/Raine need to give Qatar some competition to get the price as high as possible.

Therefore the minority bollocks is going to come roaring back for the next few months. I'd take Ineos any day over that shit
By all accounts, Qatar's fifth offer was the final offer. 'Accept it or reject it'.
 

glazed

Eats diamonds to beat thermodynamics
Joined
Sep 30, 2012
Messages
7,790
If you look past the noise Qatar won this a while back. It's just going through the 5 stages of bullshit, bluff and family infighting
 

LawCharltonBest

Enjoys watching fox porn
Joined
May 17, 2012
Messages
15,576
Location
Salford
Nice, music to my ears. A better alternatives to the parasites, but the Qatar plan looks so much better for the future.
Why is it music to your ears?

Makes minority investment much more likely as it's now the only alternative, which the Glazers will play on in the months or years to come of this sale process, Ineos being around has always made a sale much more likely.
 

Skills

Snitch
Joined
Jan 17, 2012
Messages
42,135
Do the smaller teams still get the proceeds of luxury tax if the big teams overspend? A lot are just happy to exist, no consequencies for failure as no relegation.
The luxury tax is re-distributed to the teams below the tax threshold. All of the proceeds of that go directly to the owners of the remaining franchises.
 

Pogue Mahone

The caf's Camus.
Joined
Feb 22, 2006
Messages
134,301
Location
"like a man in silk pyjamas shooting pigeons


Pretty much a follow up on what the Bloomberg article says.
If that’s true and Jassim has an ounce of sense then he should tell the Glazers to whistle for their 6 billion and make a revised, much lower, bid. Madness to play so much over the odds when the other bid is “dead in the water”.

This could drag on and on…
 

ShinjiNinja26

Full Member
Joined
Feb 9, 2013
Messages
11,251
Location
Location, Location
If that’s true and Jassim has an ounce of sense then he should tell the Glazers to whistle for their 6 billion and make a revised, much lower, bid. Madness to play so much over the odds when the other bid is “dead in the water”.

This could drag on and on…
If he does that they’ll simply go down the minority investment route. Not worth the risk at this stage .
 

strandty

Full Member
Joined
Apr 13, 2007
Messages
1,625
If that’s true and Jassim has an ounce of sense then he should tell the Glazers to whistle for their 6 billion and make a revised, much lower, bid. Madness to play so much over the odds when the other bid is “dead in the water”.

This could drag on and on…
It'll be something like "look, this is now your only offer, there's no-one else to bid against me, this is as good as it gets".
 

Ahriman

New Member
Newbie
Joined
Jul 10, 2019
Messages
104
Why is it music to your ears?

Makes minority investment much more likely as it's now the only alternative, which the Glazers will play on in the months or years to come of this sale process, Ineos being around has always made a sale much more likely.
The minority angle is just to keep the Qataris on their toes, nothing more than a boogeyman desgined to strengthen the Glazers negotiating position.
 

Revan

Assumptionman
Joined
Dec 19, 2011
Messages
49,909
Location
London
Why is it music to your ears?

Makes minority investment much more likely as it's now the only alternative, which the Glazers will play on in the months or years to come of this sale process, Ineos being around has always made a sale much more likely.
It did not say much about minority investment in that tweet, right? More like Ineos offer is dead because of fear or minority investors suing MUFC (I guess because that offer is only for Glazers, with the minority shareholders getting screwed, unlike in case of Qatar offer which also buys the other shareholders).

In any case, I do not want Ineos, better than Glazers, but completely unconvinced by their plans. A levereged buyout (albeit the new debt being on the parent company), not cleaning the debt, and having 2 Glazers as minority investors (and likely board members) is not what I want.
 

glazed

Eats diamonds to beat thermodynamics
Joined
Sep 30, 2012
Messages
7,790
If that’s true and Jassim has an ounce of sense then he should tell the Glazers to whistle for their 6 billion and make a revised, much lower, bid. Madness to play so much over the odds when the other bid is “dead in the water”.
That could also be why INEOS leaked the 'dead in the water' rumour. in the first place. That way lies madness.

Remember SJ doesn't actually care about money he just doesn't want to look like a mug. He's obviously done the smart thing and ended the game theory sealed auction by saying here's what it's worth to me take it or leave it. He will have been advised that the other share holders will reject the INEOS option because of the legal risk.
 

Pexbo

Winner of the 'I'm not reading that' medal.
Joined
Jun 2, 2009
Messages
68,815
Location
Brizzle
Supports
Big Days
If that’s true and Jassim has an ounce of sense then he should tell the Glazers to whistle for their 6 billion and make a revised, much lower, bid. Madness to play so much over the odds when the other bid is “dead in the water”.

This could drag on and on…
My guess is that Qatar are in exclusive negotiation period and that’s why the INEOS bid is dead. You’d think that part of negotiations for entering that period would be to protect the Glazers from exactly what you say.
 

TrebleChamp99

Supports Liverpool
Joined
Dec 27, 2021
Messages
1,102
The INEOS bid has been dead in the water for some time.
Bloomberg also sitting on info in terms of what the bid is and awaiting a second source.
 

Skills

Snitch
Joined
Jan 17, 2012
Messages
42,135
So does that get used on the team or does it go into the owner back pockets.
It goes to the owners.

Those other franchise's are already profitable but choose to operate below the salary cap. There's no infrastructure costs for an NBA franchise as that gets funded by the cities or else the owners threaten to move the franchise to a new city

.
 
Status
Not open for further replies.