sglowrider
Thinks the caf is 'wokeish'.
I am not a robot.Hmm.. That sounds like something an AI poster would say, sglowrider.. If that even is your real name!!
I am not a robot.
I am not a robot.
I am not a robot.
I am not a robot.Hmm.. That sounds like something an AI poster would say, sglowrider.. If that even is your real name!!
He wasn't the Chairman at Credit Suisse (which is what The Athletic article is about), just board memberHaving had the misfortune of spending far too much of my time in board meetings, it’d be utterly fecking weird if any chair was as disengaged as the say Sheikh Jassim was.
And you know this? How?Not really. He might as well be a fake as he is just the poster boy for now; he will be removed if all things go through.
Remember the face of the Man City takeover? He disappeared after one game.
So my guy is in the middle of a meeting puffing on a cigar?
We all live in a simulation did you not know mate?It's just embarrassing that folks have doubted his actual existence. Just daft.
There are lots of businessmen or billionaires who prefer to be low key.
That's because he is a nobody and knows nothing. According to him the sale has been on the verge of happening for the past 2 months. It's always "very soon". Just one last thing to be done. Rinse and repeat.Most telling thing is he doesn't say when.
Not enough data for a meaningful prediction. I'm surprised it hasn't happened already.So if you had to predict a date roughly?
Can't argue with that logicHe like to be called JJ. Ignoring Coco melon..
J is the 10th letter in English alphabet. Two J makes it 20. No of titles that we have.. coincidence? Nope.
It's on..
This is directly from The Athletic piece.He wasn't the Chairman at Credit Suisse (which is what The Athletic article is about), just board member
He is now the Chairman at QIB and QInvest though
Anyway interesting to get some kind of insight into the bloke, still people getting him mixed up with a totally different Jassim
As to which board he was chairing at the time, I’m not sure that remotely affects the (fairly light-hearted) point I was making.Although business would be largely conducted in English, one source says Jassim would often switch languages to consult his fellow Arabic speakers, then switch back to English when ready to speak with the Westerners in the room again.
This contributed to a sense that Jassim could be “difficult to read”. Sometimes, even though he would be chairing the meeting, he would almost appear uninterested in what was being discussed. It was not uncommon to see him cross his legs, look away from the table and, once again, start puffing on a cigar.
“Occasionally he’d come out with something and you think he was listening, then occasionally he’d come out with something else and you think, no, he wasn’t,” says a former associate. “Sometimes he really surprised you that he was on the pulse, then other times less so.”
It has been widely reported throughout the process that Joel and Avram are reluctant to sell, but Darcie has borrowed heavily with her shares in united as security. With interest rates rising, dividends collapsing she wants - needs to cash in and has the support of the other three siblings.Or he misread the room or was given the wrong information -- that the Glazers didn't really want to leave esp Av and Joel.
JJ IgotchyaIt's just embarrassing that folks have doubted his actual existence. Just daft.
There are lots of businessmen or billionaires who prefer to be low key.
He sounds a right c*ck. I can imagine it will be a rollercoaster if he manages to get his hands on the club.This is directly from The Athletic piece.
As to which board he was chairing at the time, I’m not sure that remotely affects the (fairly light-hearted) point I was making.
Fair enough - if he was actually leading the meeting then that is a bit weirdThis is directly from The Athletic piece.
As to which board he was chairing at the time, I’m not sure that remotely affects the (fairly light-hearted) point I was making.
Fergie will be passionately addressing the board and he’ll shout “Nae more” and Sheikh Jassim’s ears will prick up. “Bloody good, player. You think PSG will sell him to us?……..lol”.He sounds a right c*ck. I can imagine it will be a rollercoaster if he manages to get his hands on the club.
Fair one.Fair enough - if he was actually leading the meeting then that is a bit weird
Although I've also had the misfortune to be in board meetings lead by absolute nutters!
I wouldn't read too much into it, they're just trying to make SJ look incompetent. The Athletic have been pro Jim from the off.He sounds a right c*ck. I can imagine it will be a rollercoaster if he manages to get his hands on the club.
There is nothing telling about that goof. He posts rubbish using his account on that website, then reposts it on Twitter as if he is citing an actual source. The guy hasn't a clue.Most telling thing is he doesn't say when.
"He likes to have nice things"Tweet
— Twitter API (@user) date
The Athletic might as well have been on Ratcliffe"s payroll throughout the whole process, but worth a read if you have a subscription
Breaking news man is human and becomes disinterested at some things and is interested in others.This is directly from The Athletic piece.
As to which board he was chairing at the time, I’m not sure that remotely affects the (fairly light-hearted) point I was making.
Hopefully it's Nemesis Inferno quality rather than the Smiler thing we got going on with the Glazers.He sounds a right c*ck. I can imagine it will be a rollercoaster if he manages to get his hands on the club.
The Ineos bid is(/was?) debt financing rather than an LBO. This would probably still be the case if Ratcliffe partners up with Carlyle et al to make an offer for all the Glazers' shares. For obvious reasons, the new Premier League rules are only concerned with LBOs, not debt financing.That’s definitely sounds like a leveraged buyout, now banned by the EPL!
But have you personally met him, shaken his hand to feel the warmth of his flesh, the gentle caress of his manicured fingers?It's just embarrassing that folks have doubted his actual existence. Just daft.
There are lots of businessmen or billionaires who prefer to be low key.
This is the type of investigative work and inquisitive mind we are lacking on the Caf.He like to be called JJ. Ignoring Coco melon..
J is the 10th letter in English alphabet. Two J makes it 20. No of titles that we have.. coincidence? Nope.
It's on..
You're asking if INEOS could acquire United with some portion of their bid being made up of debt (and you're comparing with an LBO given the use of debt?), then transfer the liability for that debt onto the club?Regarding leveraged buyouts, what’s stopping someone taking on responsibility for the debt and then gradually, season by season leveraging the debt back onto the club?
I have a suspicion that’s exactly what INEOS planned. If not leveraging it back on the club, eventually taking money out to service it.
Probably not the thread to discuss this but it's no surprise that top generals and kings etc are educated in places like Sandhurst etc. Their relatives /ancestors probably came into Power due to help from your America or UK. This keeps the ties close and ensures the future generations are "tied down".Amazing how many foreign Royals come through Sandhurst. The tuck shop must look like Waitrose
Appreciate the response, thanks, but I’m asking why not specifically to this point.You're asking if INEOS could acquire United with some portion of their bid being made up of debt (and you're comparing with an LBO given the use of debt?), then transfer the liability for that debt onto the club?
If so I don't think they can transfer the liability for the debt but they could choose to use any profits from United to pay off that debt, and I assume they probably would. I think they could in theory move debt between assets within their football division (which I assume will own United if they win) but that's something way beyond my knowledge and we'll need a lawyer to pipe up.
It would make zero sense to leverage it onto United.Appreciate the response, thanks, but I’m asking why not specifically to this point.
If it can't be challenged/prohibited under the Companies Act I don't see why not.Appreciate the response, thanks, but I’m asking why not specifically to this point.
It would make sense if you were trying to circumvent the new LBO rules. Maybe the best interest rate you could secure is 16% and securing it against United could reduce that to 8%.It would make zero sense to leverage it onto United.
I also wouldn't expect them to service the debt using United's money, but may do it using United for increased marketing/exposure.
Whatever is said of SJR/INEOS he isn't a stupid bloke and is quite an intelligent businessman unlike the tools we have now.
The way the glazers have ran things is abnormal and should be treated as such.
Yes, it's possible (depending on the willingness of the lender, of course).Regarding leveraged buyouts, what’s stopping someone taking on responsibility for the debt and then gradually, season by season leveraging the debt back onto the club?
I have a suspicion that’s exactly what INEOS planned. If not leveraging it back on the club, eventually taking money out to service it.
I mean lenders just want repaymentYes, it's possible (depending on the willingness of the lender, of course).
Above 65%.Didn't the EPL just ban leveraged buyouts?
Yes that’s what the discussion is aboutDidn't the EPL just ban leveraged buyouts?