If SJR buys a 25% stake in man united I am done with the club I have supported my whole life. I will move on and spend my time with my family instead. No point watching football anymore.
Club Sale | It’s done!
- Thread starter JB08
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fecking hell, yes it is. He took over a mid-table French club and Swiss club whose longest period in their highest league was 3 fecking years and you legitimately claim that it's worse than what Glazers have done with United.
Now calm down mate, let's not get silly now.
At $46 per share all of the board are agreeing this deal.
You support Oviedo anyway, so you’ll be fine.
Sir Jim has set aside around £4B from Ineos towards football operations at United. He is not expecting to profit from that £4B.
Can already see the articles if things go pear-shaped on the pitch - “Sources close to the matter reveal that no unified long-term vision for the team and club are to blame - internal conflict between minority owners Ratcliffe/INEOS and majority owners the Glazer family. XYZ appointed by INEOS to oversee ABC wanted to go this route - however; once it came down to final approval it was blocked by-“
The Athletic are going to eat well for years to come
The Athletic are going to eat well for years to come
I have shares in Real Ovideo. I support Man United.
From which there is £2.5 Billion left over.
He must have some type of legal binding agreement that the class B shares he bought eg 25% of their 69% remain Class B and have 10 times the voting rights otherwise he’s a complete mug and Jim Ratcliffe is many things but he’s not a complete mug!
He does plastics so naturally he will be in charge of the cone placements.
The Glazers are scum who have fecked this club beyond belief so yeah I’ll accept I was maybe a little harsh but the point stands, however we look at it his football clubs have been a failure.
Sorry why do you think I like Jim? Where have I said that, or am I just reading your tone totally wrong. Where am I lauding anything? I'm just making a post with my viewpoint. Just seem to be biting at me, when I swear you agreed with my point a few hours ago
this thread is exhausting.This is a daft post by Romano. If Jassim wanted the club that badly, he would have offered what was acceptable. You can't say "you will buy something at any cost" and then refuse to give the owner what they want.
Indeed.
Totally agree but he can’t sack Joel and Avram, if they are giving him sporting control they would have to resign from the Transfer committee board but the main board.
There was talk that some of the Glazers needed a big chunk of money to pay some loans that were due on other business interests. How true this is, I dont know but it could have been the driving force behind this whole thing. If Jim has now given them that money then I really don't see why there would be a plan for Jim to gain more control in the next five years when the Glazers don't need to. If they really think the club will be actually worth what they were reportedly asking or more in the near future then surely Jim would have to pay even more per share when or if he gets around to it.
He might surprise me, but I am really not expecting much to change at all. The Glazers will continue to take their dividends and I don't see why Jim would pass on that to invest it in the club if his fellow shareholders continue their plan of taking all they can and investing nothing.
He might surprise me, but I am really not expecting much to change at all. The Glazers will continue to take their dividends and I don't see why Jim would pass on that to invest it in the club if his fellow shareholders continue their plan of taking all they can and investing nothing.
Makes the most sense considering that they have serious issues with the owners. A near distressed sale.
I’d imagine this signals the end for Richard Arnold, John Murtough and their various satellites around the club.
Hmmm.
Well, at least you know those lenders won't collapse like SVB. Thats some upside.
So he didn't just venmo Avram 1.5 billions for nothing after all!?
Jassim side from the beginning said they would not over pay
I'm very curious to see the direction of Ineos. JC Blanc is now the CEO of Ineos Sport, his network is french and italian but mainly italian.
So Jassim is involved with Hamas? Who knew? Or do you think every arab is guilty as charged?
Sorry, but its just being racist what you had just stated.
For all the reports of Ratcliffe getting immediate sporting control, he'll still have to toe the party line with regards to the Glazers if he wants to acquire the club outright over the next few years. Everyone thinking that Ratcliffe getting "sporting control" with a 25% stake means he's going to come out and say the Glazers have done a shit job and restructure the club are probably wide of the mark.
He's just reporting what the bid and plans were
He does not need to say the Glazers have done a shit job to restructure the sporting side of the club
I’m all for someone coming in and removing Arnold/Murtough/Fletcher etc but until he details who or what he’s replacing them with I’ll reign in any excitement.
It would be nice to replace all of them with a team of people who actually have a history of success in their roles, which none of the current crop have.
Doesn’t necessarily address the other issues within the club, like the stadium and facilities for example.
It would be nice to replace all of them with a team of people who actually have a history of success in their roles, which none of the current crop have.
Doesn’t necessarily address the other issues within the club, like the stadium and facilities for example.
Would surprise me that halfway through the negotiations with Ratcliffe the Glazers pull out.
What Ratcliffe wants will be impossible for the Glazers to give up ie control, especially for someone who had only invested 25%
If you seriously believe that, then more power to you mate. Unfortunately, real life doesn't work like that.
You can understand why to some extent, there are other clubs in the prem/Europe who will cost a fraction of what Man Utd will do who you can build upto the level of a Man Utd (at least financially) over a 10-20 year project and still have change left over.
So... From post above thanks to @Woziak.
The mathematics of the sold shares is as follows... Subject to confirmation for sure.
Manchester United total shares 163M.
25% to be sold. That's around 40.75M shares.
1. Price per share $46
2. $1.87M worth of shares to be sold.
3. Glazers have sold
4. Glazers will receive $1.379M for shares sold.
5. Other Class A shareholders will sell 10.78M Shares.
6. Other Class A shareholders will receive $496M for their shares sold.
So Sir Jim was able to offer the Glazers $46 per share while Qataris offered around $34-$36 per share. ( the rumored Double the current share price)
The current Man United share price is around $19/share.
The mathematics of the sold shares is as follows... Subject to confirmation for sure.
Manchester United total shares 163M.
25% to be sold. That's around 40.75M shares.
1. Price per share $46
2. $1.87M worth of shares to be sold.
3. Glazers have sold
- - 28.25m Class B shares
- - 1.725m Class A shares
4. Glazers will receive $1.379M for shares sold.
5. Other Class A shareholders will sell 10.78M Shares.
6. Other Class A shareholders will receive $496M for their shares sold.
So Sir Jim was able to offer the Glazers $46 per share while Qataris offered around $34-$36 per share. ( the rumored Double the current share price)
The current Man United share price is around $19/share.
Jassim's bid was an extension of the Qatari government, the same government who is happily hosting and keeping safe Hamas leadership.
Cut the racism rubbish out.
The Glaziers are probably only to happy to give the reins over to someone else, they can just keep taking their dividends for even less effort than today and Sir Jim can become the figure head who becomes the 'face' of the club.
Ultimately I think the Glaziers will let Jim do whatever he needs to do, a successful Man Utd might be able to justify the higher price they want down the line, a weak/failing Man Utd will make the current estimate vastly overinflated and in the end lead to less green in their respective pockets.
Joel, is that you?
Everything is going to be funded via new debt. New debt that in the long term the club will pay back.
If I so much as see anything egg shaped near OT, much less Brailsford’s heavily-waxed bonce, I’ll lose my mind.
The Glazers clearly intend to be involved until after the next WC which is primarily being hosted in the US. There will be an expected upside to valuations on premium clubs/shares after this.
Therefore their grubby mitts will be involved with the benefits while now allowing someone else to come in and attempt to repair the outstanding infrastructure and team issues that they have neglected. They won’t be investing any of their money in and will be taking out more as they go along if the value of the brand/club increases.
It’s a good deal for the glazers - otherwise they wouldnt be entertaining it. Pressure now on new investor. Key will be how much control they have and how the leadership structure changes. But as said before - Ineos wouldn’t be doing this either unless they believe that they have a realistic executable plan to achieve change and overall full ownership.
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