Reasonable? If they wasn't going to sell for more than double the value now, they won't sell it then.
Club Sale | It’s done!
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Reasonable? If they wasn't going to sell for more than double the value now, they won't sell it then.
Surely United will be worth north of 10b in that case. Would be interesting to know what they've actually agreed.
Good luck trying to get Levy and Co to sell their cash cow for less than your failed United bid.
Will really show how interested you was in buying our club.
The INEOS bid eventually works out more.
Was linked earlier in the thread - a Twitter link.
So, er, late to the party & can't be arsed to go through over 2000 pages, I'm just wondering what this recent Sir Jim news actually means in regards to UTD seriously challenging for the big two trophies, any improvement on the Glazers or can we expect to see no difference & fan protests again?
It valued the company significantly less from what I read.
It doesn’t put us in a financial position to keep up with City. Pretty simple.
There is nothing in the thread. Except a few people sad that we aren't getting the Qatar money and predicting doom and a few people celebrating because we aren't getting Qatar money and predicting great success and then everyone in between, speculating everything between doom and success.
Don't need to imagine it, what you describe will almost certainly be the case whoever is in charge
This hasnt actually gone through yet and may not go through if the board vote against it or the EPL block it.
If it does go through we wont really know how the club will be affected until SJR releases some kind of statement outlining his plans for it.
As a 70 year old, how will he manage INEOS’s core business plus sporting interests in cycling, Mercedes F1 team, two footballing clubs etc and one of the biggest football clubs in the world?
In real terms it puts money in the pockets of the Glazers, and will likely result in a bodged paint job to the club infrastructure, so there'll be talk of improvements and expansion of the stadium for a while. This will eventually go quiet and we'll get cheap renovation of the most crumbling section or something.
Rat says he wants footballing control, so I imagine the same old businessmen will remain in charge, but a yes-man will be brought in to be 'Director of Football' in name only, while things continue as normal.
We won't have additional funds to match City by any stretch, but best-case scenario we might get a slightly improved spend this summer to paper over the cracks and make Jimbo look good (until we realise that money came from next summer's spend, next summer).
Basically it's great news! If you're a Glazer.
Like virtually every CEO he'll have his employees do the bulk of the work while he earns the lion's share.
That's an excellent point.
Haven't we outspent City over the last decade? Honestly if Ratcliffe just gives a modicum of a toss about us then it'll be a significant improvement.
Don’t expect anything concrete until the weekend.
I’m assuming that the board meeting is in the US on Thursday? Also - would any decision have to be run through the NYSE Friday morning (midday UK) before any announcement is made as the announcement will have a significant impact on the share price?
After all that then a joint statement may be released but again I would expect no significant Ineos statements until the share sale process has taken place. That could take us up to Xmas easily.
Anyone thinking Jim and his fellowship will be rocking into the club in the next week or so to start cracking the whip, buying and selling players and firing incompetent incumbents is going to be disappointed.
As this process has shown, nothing moves that fast.
Chaos is good for people who want to exploit and make more money.
I’ve seen fans not happy with him. They finished top 4 three times in four years before the take over. They’ve been mid table since.
Stop acting like Nice was on their knees they were performing better before the takeover there’s no getting around it.
We’re currently linked with Paul Mitchel….is it 2018? Typical United 5 years behind the curve he’s been doing a shit job at Monaco.
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The Glazers have spent more than City on their stadium, on their scouting department, on their training facilities, on their youth academy, on the area surrounding the stadium??? No, they haven’t.
As shown by Goldbridge and most fan channels. They thrive off of negativity. For all his ranting and raving about wanting Qatar, ultimately for his channels growth (and his own pockets) this is the best thing that could've happened.
Remember when Arsenal were bad and AFTV was must see every week? Now you hear nothing of them.
Ayye that was a really good listen. If they're not talking complete hot nonsense then it gives me some encouragement for Jim's possible influence going forward. A shake up of the staff running the footballing operation is what we desperately need. Let's get some experts in there.
Feck them all into the sea.
The Glazers are not selling all of their 69% so by definition that means you are a minority investor as SJR will be
Transfer spend was being referenced so that was what I mentioned, precisely because it's the lack of care the Glazer's showed in the wider club that's put us in the mess we're in, but could say they were "supporting the manager" because transfer funds were available.
This is further proof that the Glazers are termites and that we are doomed with them as owners. Possibly could also be proof that we really cannot trust anything in the media related to the sale. But this one below makes more sense with the news that an INEOS 25% stake still gives the Glazers majority control. They fooled everyone announcing a sale; with the whole family living off this club, they are NOT going anywhere unless a $10billion offer came through.
How the Qatari bid to buy Man Utd angered the Glazers
Sheikh Jassim's bid to take over Manchester United started on the wrong foot after he angered the Glazers by saying he wanted to return the club to "former glories", according to the Daily Mail.
The report claims the Qatari bid to buy Man Utd, one many thought would be successful, never recovered after the statement was made following initial offers.
"To say that comment did not go down well with the Glazers would be an understatement," it adds.
The Raine Group, the American merchant bank overseeing the talks for Man Utd, warned bidders to keep their mouths shut in what was interpreted as a "direct shot" at the Qataris.
Sir Jim Ratcliffe, the only other serious bidder, appears to be on the verge of finalising a deal to take 25 per cent of the club.
How the Qatari bid to buy Man Utd angered the Glazers
Sheikh Jassim's bid to take over Manchester United started on the wrong foot after he angered the Glazers by saying he wanted to return the club to "former glories", according to the Daily Mail.
The report claims the Qatari bid to buy Man Utd, one many thought would be successful, never recovered after the statement was made following initial offers.
"To say that comment did not go down well with the Glazers would be an understatement," it adds.
The Raine Group, the American merchant bank overseeing the talks for Man Utd, warned bidders to keep their mouths shut in what was interpreted as a "direct shot" at the Qataris.
Sir Jim Ratcliffe, the only other serious bidder, appears to be on the verge of finalising a deal to take 25 per cent of the club.
Did you even read the post you replied to.
How come someone who only owns 25% of shares is taking control of sporting operation?
Where did you read this? The current bid values the club at 5.2 billion. Jassim offered 5 billion.
I need to find the source for this, but this current structure sets a cap at which the stock price can grow for SJR to buy the rest out from the glazers and also a floor at which the Glazers can initiate a sale so that they don’t lose money, but also SJR doesn’t have to buy at a huge premium if the clubs value increases.
doesn't matter what the currently value it at, it's about what it will be valued at in few years. they got cash now and possibly more later
Because there is no direct link between who is a managing director and how many share you own. It's all about who shareholders believe benefit the asset they own or whether they actually want to deal with day to day activities. As an example Joe Lewis doesn't control sporting operations at Tottenham, it is his associate who owns 30 percent of the club.
This is what I don't understand.
Ineos pay 1.3 and buy 25%, does that not equate to 5.2 for the 100%, and yet Ineos value the club at 7.0..?
Yet, apparently, Qatar have already bid beyond that figure of 5.2, and for a Cash sale.
I'm not grasping the arithmetic, Unless the initial 25% is valued lower than the remaining 75%....
But who will control the budget?
Adding to this, Reuters have got Ratcliffe's offer valuing the club's equity at $6.5B USD (~£5.35B). That figure does not factor in the debt. I recall seeing from a few sources that Jassim's bid valued the club at slightly over $6B USD enterprise value (thus including the net debt of > $600M). This means the INEOS offer used a significantly higher valuation.
I'm not acting like anything - I'm calling out mindless daft exaggeration like "everything he touches turns to shite".
And another exaggeration from you - "shit job at Monacao", "5 years too late", fecking hell.
I bet you cant name a well experienced footballing head without a patchy record.
How many trophies does he have on is C.V. Let’s compare that to others.
Maybe that’s why Jim returned the application to pay once payment now and the rest in 3 months easy payments
Not his remit at Southampton, Tottenham and Monaco though, is it?
Southampton and Spurs did have their highest finishes in Premier League history when he was at the club, and Monaco if I'm not mistaken were top when he left (though I could be wrong, and his Monaco stint wasnt all roses to say the least).
Haha, you’re deluded and patronising because I’m not - so keep your poorly targeted insults to yourself.
In fact I’ve been to watch football at Old Trafford, 20 odd times down the years as jollies paid for by contractors that I’ve worked with (attended OT many more times than most Utd supporters) but have only ever attended the city of Manchester stadium complex to watch a running event at a little stadium to one side of the main because a friends daughter was competing.
Anyhow, no worries, as a bloke without a dog in the fight it amuses me that you blithely presume that anyone who followed the development of ffp (what its actual purpose was and why it didn’t clamp down on debt) and who understands that a million charges doesn’t equal one conviction, must be a dyed in the wool bluenose.
My advice is that you should give your head a wobble but don’t lose the smile ;-)
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