1...2...3...GO!
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik and Imran hold a long overdue conversation about United's awful league form with 1 win in 7. They discuss a disappointing draw at Bournemouth, a not so disappointing draw against Liverpool and a crushing defeat at Chelsea - Is time nearly over for Erik Ten Hag?
Then in a special second half of the pod, Nik welcomes Natalie ( https://twitter.com/natalie_17) to discuss the fortunes of Manchester United Women as they booked a place in the FA Cup Final after a historic first ever win vs. Chelsea.
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So he looted tens and tens of millions of dollars from the state for his and his sons' personal wealth, and the state was just cool with this level of theft?
This is headed to the end game now, what Qatar want, they get, Utd with Qatar as owners will be elevated to an absolute powerhouse, on and off the pitch, scary hours.
Absolutely , we're somewhat unique in that we've never seen a club with such massive status be taken over by a state. We don't need to cook the books to have very lucrative sponsorships with Qatari Airways or the like, we legitimately have the kind of profile to warrant sponsorships like that. We've spent a lot while paying 350m over the last decade between dividends and interest payments and we already seem to have a good base under ten hag, I'd imagine if we are bought by Qatar, we'll be the best team in the world within 5 years
So he is wanted in Qatar for corruption and siphoning state funds?
I think looting is the wrong term, he was the 2nd most powerful man in the country with a close relationship with the most powerful and was in charge of their investments, he likely got a very sizeable cut given these facts. It's not looting, but he likely did make himself very rich from it
But it'll be unfair and boring and will be a cheat code. Or something like that
Ok, you know exactly where your estimation of several tens of billions that no one knows about comes from. Come on. Even the guesses youre making, you're talking about deals he was involved in with no idea how much he made on those deals. Deals that were on behalf of the government of Qatar, which means the government would surely have gotten far and away the biggest chunk.
Sure, that's how he amassed 1-2 billion in wealth. That's not easy to do, even in Qatar. To think that he legally (by Qatar rules) amassed 10-20x that without anything to support that number, and which publications like Forbes would never think to consider, all just feels like Newcastle fans convincing themselves that the PIF was completely separate from the Saudi state.
Forbes seem to be estimating his wealth from his known assets which seem to be a painting and a boat among other things, they'd likely have no idea of what his cut of arranging deals for a huge state run investment fund would be
If he was mates with the previous Emir who happens to be the father of the current one then yes he'd be protected as long as his mate is alive. Maybe that's why he needs high profile acquisition such as this to get his family back in the papers and have a soft landing pad if things go south there! Owning United will put his family back in the spotlight and that could give him the shield he needs against future persecution when the day of reckoning comes.
Don't discount that the bid could be state backed, the Emir was reportedly pleased with how successful the World Cup was and he encouraged business people there to get more involved in football. I wouldnt be surprised if the funds are there from the state to support such an acquisition but I wouldnt rule out their family being rich enough to pull off the purchase on their own.
I heard, from someone itk, that there are massive queues at the Qatary post offices as it’s pension day. Maybe that explains the delay as Jassim is having to wait to draw his savings out.
Strange no one reputable has mentioned Qatar's bid being in.....
Because it will have significant knock on effects.
Of course they would but you are talking about a fund he managed worth £200bn+ so only needs to be a small % to still be vast amounts
It's then we'll documented that Sheikh Jassim Jr was tasked with investing the money his father made into a family office doing deals like this:
https://www.oerlive.com/qatar/former-qatari-pm-cashes-in-with-333-million-london-hotel-sales/
You are right mine is an estimate but I'm confident my estimate is better than Forbes or The Sunday Times - there is enough info out there to show their estimates are ridiculously low
In any sort of normal situation, you get several million a year for running a large sovereign wealth fund, but tens of billions would be corruption.
Its not that difficult if you are the guy calling the shorts, for example Qatar spent $200b on the World Cup iirc, how much of that do you think was siphoned to private pockets through manipulation of tendering processes?
Up until 2021I used to work for the government in procurement of state projects and I knew the chain of people who were bribed each time a contractor was paid. A contractor leaving up to 20% of his invoice value in the hands of civil servants wasn't unheard of. Then there would be that one contractor that everyone knew belonged to the boss, he would leave his cut only to the boss andthe figure would be 10%. These projects were small, maybe one million there, five million here but the side payments were made or the contractor knew he wouldnt get paid.
Now expand that scenario to an oil rich country with less than 500k people to look after and billions coming in daily. He is the guy who made the decision whether to invest in this bank or that fund and he didn't even need to steal from his state, well literally, as anyone in need of capital knew he had to pay him off inorder to secure investment for the growth of his firm or the execution of their project. The kickbacks he would have had access to would have Blatter and Platini wishing they felt Qatari.
I don’t think a ‘private’ wealthy individual would buy Utd unless they were worth in excess of 100bn. Makes no sense based on likely return and the stress. Would need to be seriously wealthy enough for Utd to just be a hobby for them. That’s why I don’t understand SJR’s bid.
Wasn't there supposed to be second deadline today?
Is it??
Sky reported earlier today that Qatar plan to get their bid in sometime over the weekend.
Thanks. Well feck me this is dragging on
They have
Now you being naive
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Deal done tomorrow. Come on.
Don’t know. But I do think he’s just chasing publicity. It’s actually getting a bit disgusting. How Man Utd is getting treated, obviously by the Glazers, but also now to an extent the two ‘serious’ bidders… and definitely this Zilliacus guy just using us for publicity.
It’s ironic but the only group who conducted themselves professionally are actually the worse outcome for us and that’s Elliot Group. When you think about their relative silence is stating to look good in comparison to all the “we’ll do this” “but we’ll do that” and “ Actually I’ll do this” stuff by people who even if they don’t buy us have gotten a tone of free advertising from our name.
He bids when he wants…he bids when he waaaants
Glazers sweating now.
The players gonna play, play, play, play, play,
Jassim doesn’t want to pay, pay, pay, pay
I’m just gonna sheikh sheikh sheikh, sheikh
Sheikh, it’s off!
Sheikh, it’s off!
That’s just the tip of the iceberg
Told he will bid tonight or over weekend or the process will continue without him? Thanks for that Sherlock. Hahaha
So now there is no deadline anymore?
I haven’t followed the Chelsea sale that closely but I can’t remember it being such a disorganized process as this United sale is.
They really have no fecking clue what is going on
Would be funny, after all the shit regarding Ratcliffe, if this guy turns out to be the chancer.
To be fair, when isn’t Avram Glazer sweating? Bloke must reek of BO and old person breath
There never was a deadline. It’s a business deal not a transfer window.
Next you’ll be complaining they aren’t talking to Sheikh Jassim through the window of his car outside Doha Tower
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