Club Sale | It’s done!

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Bert_

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It is because a lot of them (possibly most) are lied to and mislead about how much they'll actually be making and what sort of work they'll be doing?

Here's a good recent video with some first hand stories from guys who worked in Qatar and their experiences.

Good video. Although those workers should be grateful as it could be worse as I understand it.
 

sparx99

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For fecks sakes the CAF does like to spout bullshite doesn't it. They're not exactly old, Jesus christ almighty above.

Avram Glazer - 62
Joel Glazer - 55
Bryan Glazer - 58
Edward Glazer - 50
Kevin Glazer - 58
Darcie Glazer - 52
It’s not much use to them at 70-80 is it?
 

sparx99

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It’s the caf. Anyone over 40 is geriatric and over 50s are planning their funerals already.
They are later middle aged. Seems a perfect time to sell up and enjoy it before they get too old to. Wouldn’t most people retire at 55 or whatever if they had the money?
 

Mindhunter

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Been said plenty of times before but the Glazers will not sell part of the club to reinvest. It's fundamentally impossible. The 4 Glazers who want out are not going to sell part or all of their shares only to not then pocket the money.
It doesn’t have to be a sale. The club can issue new shares directly and absorb the capital. Yes that would dilute their current stakes in terms of the % but in absolute terms their stocks will be worth more post-money as the value of the club would increase with the capital infusion.
 

James_42

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So, so weird seeing Adam Schefter tweets on this page. He's a great NFL journalist and gets just about every single exclusive because of his player relationships throughout the league. I pray the Glazers somehow see Dan Snyder getting a huge payday and just accept theirs as well.

Shame he's a Michigan alum/fan though.
Nothing great about him, he is a slimy feck that posts anything an agent tells him to put out there.
 

sglowrider

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It bothers me that they always say that feedback will be in one week regardless of when they report it. It was “one week” a week ago and it’s “one week again” today.

Be consistent
Tbf Raine/Glazers aren't obliged to the fans or the media to meet any deadlines if they are trying to get the best deal possible.
 

sglowrider

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It doesn’t have to be a sale. The club can issue new shares directly and absorb the capital. Yes that would dilute their current stakes in terms of the % but in absolute terms their stocks will be worth more post-money as the value of the club would increase with the capital infusion.
Good input. There are many ways to skin a cat on this. People are thinking like they are selling a house when there are so many more considerations for DD and also how the Glazers can flog the club.
 

Marcus

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I really hope this does not totally fizzle out and results in a sale to a great owner who wants to make the stadium, training facilities and teams world class.
 

MiamiSpartan

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For fecks sakes the CAF does like to spout bullshite doesn't it. They're not exactly old, Jesus christ almighty above.

Avram Glazer - 62
Joel Glazer - 55
Bryan Glazer - 58
Edward Glazer - 50
Kevin Glazer - 58
Darcie Glazer - 52
My God, they look like shit for their age! At least Joel and Avram (I can't recall seeing the others in a long time).

And I'm 50 years old myself saying that, not some young buck that thinks everyone over 40 might as well be 80.
 

sglowrider

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My God, they look like shit for their age! At least Joel and Avram (I can't recall seeing the others in a long time).

And I'm 50 years old myself saying that, not some young buck that thinks everyone over 40 might as well be 80.
Guilt can weigh heavily on your physical condition.
 

SuperScoot

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For fecks sakes the CAF does like to spout bullshite doesn't it. They're not exactly old, Jesus christ almighty above.

Avram Glazer - 62
Joel Glazer - 55
Bryan Glazer - 58
Edward Glazer - 50
Kevin Glazer - 58
Darcie Glazer - 52
Old Malc was filling his boots in the 60's. Poor woman.
 
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Chief123

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For fecks sakes the CAF does like to spout bullshite doesn't it. They're not exactly old, Jesus christ almighty above.

Avram Glazer - 62
Joel Glazer - 55
Bryan Glazer - 58
Edward Glazer - 50
Kevin Glazer - 58
Darcie Glazer - 52
The poster did say upto 20 years which would make 4 of them between 75-82 years old. Pretty good chance he’s right. Not sure it’s a point to get emotional over.
 

Sultan

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It is because a lot of them (possibly most) are lied to and mislead about how much they'll actually be making and what sort of work they'll be doing?

Here's a good recent video with some first hand stories from guys who worked in Qatar and their experiences.

Qatar has strict policies for employers not paying according to their contracts. Employers the world over try to defraud employees the world over. Qatar is no exception. I know of Indian employees being paid less in the UK than promised prior to their arrival in the UK.
 

devilish

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Qatar has strict policies for employers not paying according to their contracts. Employers the world over try to defraud employees the world over. Qatar is no exception. I know of Indian employees being paid less in the UK than promised prior to their arrival in the UK.
Its happening a lot in Malta too.
 

Marcelinho87

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My God, they look like shit for their age! At least Joel and Avram (I can't recall seeing the others in a long time).

And I'm 50 years old myself saying that, not some young buck that thinks everyone over 40 might as well be 80.
Joel looks fine, think he looks his age.

Only Avram really who looks older and that's mostly cause of his shit hair.
 

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What has INEOS got to do.with Qatsri state involvement? The simple fact is that Qatar wouldn't be allowed to.buy United if they admit that the state is the buyer.
So, by your logic, Jassim's bid, if it's really a state bid, the owner cannot own two clubs (PSG and United) so must hide the real ownership. Yet, INEOS who owns Nice, doesn't need to hide and can own (Nice and Uniited). Can you explain that, I sure as heck don't get that logic when all three play in Europe.
 

Dan_F

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So, by your logic, Jassim's bid, if it's really a state bid, the owner cannot own two clubs (PSG and United) so must hide the real ownership. Yet, INEOS who owns Nice, doesn't need to hide and can own (Nice and Uniited). Can you explain that, I sure as heck don't get that logic when all three play in Europe.
Is it not more to do with the fact that the Premier League don’t allow state controlled owners? Hence Newcastle’s deal being held up for so long, and is now being questioned by other clubs again due to a ruling in America (I think but can’t be bothered to check) about where the funding is coming from.

Multi club ownership won’t be a problem for Qatar when it comes to UEFA. There’s already multiple examples of this anyway, plus Ineos could just sell Nice.
 

cyberman

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Is it not more to do with the fact that the Premier League don’t allow state controlled owners? Hence Newcastle’s deal being held up for so long, and is now being questioned by other clubs again due to a ruling in America (I think but can’t be bothered to check) about where the funding is coming from.

Multi club ownership won’t be a problem for Qatar when it comes to UEFA. There’s already multiple examples of this anyway, plus Ineos could just sell Nice.
Newcastle were allowed state owners.
 

Wibble

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So, by your logic, Jassim's bid, if it's really a state bid, the owner cannot own two clubs (PSG and United) so must hide the real ownership. Yet, INEOS who owns Nice, doesn't need to hide and can own (Nice and Uniited). Can you explain that, I sure as heck don't get that logic when all three play in Europe.
Not my logic.

"Uefa rules do not allow clubs that can meet in the same competition, such as the Champions League, to have the same owner."

https://www.theguardian.com/footbal...as-plan-to-own-manchester-united-and-paris-sg
 

Rood

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Is it not more to do with the fact that the Premier League don’t allow state controlled owners? Hence Newcastle’s deal being held up for so long, and is now being questioned by other clubs again due to a ruling in America (I think but can’t be bothered to check) about where the funding is coming from.

Multi club ownership won’t be a problem for Qatar when it comes to UEFA. There’s already multiple examples of this anyway, plus Ineos could just sell Nice.
There are no rules against state control or ownership in the PL - this is a myth

The Newcastle deal was held up due to a dispute between (funnily enough) Qatar and Saudi Arabia over PL TV rights and illegal streaming
 

TrebleChamp99

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Yeah need this morning is if there isn’t news today I’m ready to explode with unfiltered rage a tirade that none of you have ever seen.

You should be scared and worried because I won’t hold back.

I have devolved into madness I haven’t seen my gf or family in days and keep cancelling meetings at work, I can’t focus on anything else in my life.
 

Infra-red

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Yeah need this morning is if there isn’t news today I’m ready to explode with unfiltered rage a tirade that none of you have ever seen.

You should be scared and worried because I won’t hold back.

I have devolved into madness I haven’t seen my gf or family in days and keep cancelling meetings at work, I can’t focus on anything else in my life.
Nothing is going to happen before next week and even then we'll probably only hear news of a further bidding round. Shut down your computer and go outside into the fresh air.
 

LawCharltonBest

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Tbf Raine/Glazers aren't obliged to the fans or the media to meet any deadlines if they are trying to get the best deal possible.
Then surely those reporting it should say that, instead of just saying "one week" every time. They did it in the introductory bid round too. A story will likely come out today that will also say feedback in "one week"

I also doubt they need a whole 2 weeks (or even week) to give feedback to bids, especially if it's true that the Glazers have a minimum sale price
 

Wibble

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Yes but this rule is worthless with the precedent set by Red Bull - why do you think INEOS aren't worried about any conflict?
The Guardian and others seems to be able to read and understand the regulations.

https://documents.uefa.com/r/Regula...cle-4-Admission-criteria-and-procedure-Online

If INEOS bought United and any of their other clubs qualified for a UEFA competition that United on then I assume one club would have to withdraw or UEFA would have to act. More likely INEOS would sell one or more club in the unlikely event that they get to buy United.
 

Rood

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The Guardian and others seems to be able to read and understand the regulations.

https://documents.uefa.com/r/Regula...cle-4-Admission-criteria-and-procedure-Online

If INEOS bought United and any of their other clubs qualified for a UEFA competition that United on then I assume one club would have to withdraw or UEFA would have to act. More likely INEOS would sell one or more club in the unlikely event that they get to buy United.
The Guardian unfortunately have proven to be clueless time and time again on such issues

Sir Jim Ratcliffe is on record as saying he will not be selling OGC Nice if he buys another club

As I said, Red Bull have already set the precedent with Leipzig and Salzburg playing in the same competition so UEFA are powerless to stop multiclub ownership and in fact are likely to relax these rules as they are not enforceable anyway:
https://www.espn.com/soccer/uefa-ch...-hints-at-softening-multi-club-ownership-rule
 

stevoc

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No way is it most - the vast majority are likely to get exactly the kind of work they were expecting which is better conditions and pay than whatever they get in their own country

Obviously out of hundreds of thousands you'll find some sad stories of people trafficking, lies, poor conditions etc - I don't see any evidence that this is the norm though

You think these guys haven't seen the negative stories? Yet thousands still continue to head to Qatar in search of a better life and I have no doubt that the majority find exactly that
I don't know mate where would they have seen the negative stories?

Would guys in Bangladesh, Nepal etc. be regular readers of negative coverage of Qatar in western media? Would the media in those countries cover it?
 

stevoc

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Qatar has strict policies for employers not paying according to their contracts. Employers the world over try to defraud employees the world over. Qatar is no exception. I know of Indian employees being paid less in the UK than promised prior to their arrival in the UK.
And they sign these contracts before they go to Qatar or after they arrive in country?

https://www.business-humanrights.or...omised-and-sent-home-before-end-of-contracts/

https://www.hrw.org/report/2020/08/...ry-abuses-facing-migrant-workers-ahead-qatars
 

Rood

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I don't know mate where would they have seen the negative stories?

Would guys in Bangladesh, Nepal etc. be regular readers of negative coverage of Qatar in western media? Would the media in those countries cover it?
Yes they cover it, especially around the time of the World Cup when it was global news.

Obviously there are issues and Qatar need to do better, but to make out the majority (we are talking about a migrant population of something like 2 million people) are facing these problems is simply not true.
Unfortunately a lot of the issues stem from dodgy recruitment companies in the home countries who exploit their own people, again Qatar can and should do better to stop this.

Even now thousands head to Qatar on a weekly basis in search of a better life.
 

sglowrider

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Then surely those reporting it should say that, instead of just saying "one week" every time. They did it in the introductory bid round too. A story will likely come out today that will also say feedback in "one week"

I also doubt they need a whole 2 weeks (or even a week) to give feedback to bids, especially if it's true that the Glazers have a minimum sale price
Assuming that all the parties business proposals are slightly different, Raine's got to analyse the bids and their financial, legal, and operational implications.

But they first need to strategise on the various bids submitted. Then only propose 2nd round winner /exclusive bidder to the Glazers.

If they select the wrong 'exclusive' party for the next round ie the one that is more inflexible price-wise (ie limited financial resources/or just see a much lower financial ceiling to what the Glazers are asking), then Raine is screwed.

They (Raine) cannot afford to fail with the 1st announced exclusive bidder -- then go back to the other party when it fails with the 1st choice.

If you need to go to your 2nd choice later, you will lose an incredible amount of leverage with that 2nd choice for the final round of negotiation.

Therefore, they will have been talking to all main parties even after 2nd round bids have been submitted -- to get a feel of who has more upward price mobility in the next round. It will take a while of going back & forth.

.... unless there is one clear-cut winning proposition that basically gives the Glazers exactly what they want. Then it will be over quickly.
 
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