Sir Jim Ratcliffe: I want to buy Manchester United | Will make a bid for the club [Telegraph]

BarstoolProphet

Full Member
Joined
Aug 7, 2014
Messages
6,569
Not much of a conspiracy person, buuuut maybe we went from Rabiot and Arnautovic to Casemiro and Felix because more money all of a sudden appeared?

Just thinking out loud... in text.
I think it's more Murtough finding out he had the 1-star filter checked on by mistake on FM transfer search.
 

Cantonagotmehere

Full Member
Joined
Feb 3, 2015
Messages
3,347
Location
Charm City, MD
Not really. But relative to human rights violations or whatever I guess it could be worse. I think I'm right in saying the Glazers supported Trump? In which case we wouldn't exactly be downgrading on that score either.

Ultimately I suspect you'd struggle to find people rich enough to buy United who aren't to some degree horrible as that degree of wealth seems to trend in that direction. There's a line I wouldn't cross in terms of who I'd want owning the club but I don't think being pro-Brexit is beyond it.
People won't be happy unless they own the club themselves. The internet hates rich people.
 

AdNani

Full Member
Joined
Jun 25, 2014
Messages
1,687
Even if he buys us, Doesn't invest a penny of his own money, without all the Debt repayments and interest repayments and dividends we've paid over the last 17 years, which is roughly 1 billion. It works out at an extra 588 million a year, add that on top of the money we've already invested in the football side. crazyness.
 

TheReligion

Abusive
Joined
Nov 22, 2006
Messages
51,465
Location
Manchester
He said “I could be interested” not “I want to buy”
His Spokesperson said;

"If the club is for sale, Jim is definitely a potential buyer.

"If something like this was possible, we would be interested in talking with a view to long-term ownership.

"This is not about the money that has been spent or not spent. Jim is looking at what can be done now and, knowing how important the club is to the city, it feels like the time is right for a reset."
 

DSG

Full Member
Joined
Dec 3, 2014
Messages
2,513
Location
A Whale’s Vagina
From an investment pov, the club isn't worth 5b. No where close.
The glazers bought United at 16 times cash profits, a bullish price justified on the basis that there was untapped commercial potential. 5B runs at 30+ times current cash profits. Where is the untapped potential this time around? The landscape is also much different- competition is more fierce and diverse.
One of my biggest gripes with the Glazer's ownership (apart from the exorbitant ownership costs) was the aggressive for-profit model itself. Maximizing revenues and restricting costs ( the basis of shareholder value and returns) means you can't have winning on the pitch as your primary goal. It's simply not feasible because the preponderance of the market is run on-not-for profit basis, which in turn means that the primary costs in the game (wages and player acquisition costs) are set at near break even. In fact, I reckon those costs are above break-even with the petrodollar clubs subsidizing their spending with bogus commercial deals.
"No value in the market" might have been used as an excuse in the past for not buying players, but I reckon it's pretty accurate if the value being described is shareholder value.
Unless a shareholder owned club has unique advantages (on the revenue side), its virtually impossible to be consistently competitive while delivering strong shareholder returns.
Yeah, so 5b isn't giving any rational investor a viable return.
You need to figure in an equity multiple at exit. There is a reason so many hedge funds and venture capital firms are buying clubs.
 

Grande

Full Member
Joined
Jun 22, 2007
Messages
6,371
Location
The Land of Do-What-You-Will
"we love Jim Ratcliffe we do, we love Jim Ratcliffe we do, OH RATCLIFFE WE LOVE YOU" :D
69 is a great change, considering we've been shagged up the arse for the last 17 years.
Is he the DM we’ve all been crying out for? HIM FDJ and Casemiro Antony Martinez Malcia and Eriksen is a great transfer window :)
Thia is a party I don’t want to end!

You lot cool with the whole him being a massive brexiteer thing?
Don’t worry. We have a tradition of getting right wing players in and turning them out as left wing players.
 

Samid

He's no Bilal Ilyas Jhandir
Joined
Dec 12, 2012
Messages
49,594
Location
Oslo, Norway
Hearing he’s the vice chairman of the Flat Earth Society and general executive of the Vaccines Have 5G Microchips Community. Do we really want an owner like that?
 

George The Best

Full Member
Joined
Aug 22, 2013
Messages
2,089
Location
Nut Megging
People don’t realise how much money Utd makes cause so much of it goes to the Glazers and debt repayments. We don’t need anyone pumping money into the club to spend extortionate amounts, we just need it not all being taken out.
Spot on. If we can clear the debt the Glazers saddled the club with we are completely self-sustainable.
 

VorZakone

What would Kenny G do?
Joined
May 9, 2013
Messages
33,044
You need to figure in an equity multiple at exit. There is a reason so many hedge funds and venture capital firms are buying clubs.
That's assuming they'll sell at a profit. Will they?
 

Compton22

Knows that he knows nothing.
Joined
Jul 27, 2014
Messages
3,393

This is a power play. No way in hell can Joel and Avram hang on to total control if the others want out. Their empire is crumbling, and I'm loving it :drool:
 

Gordon S

Full Member
Joined
Mar 20, 2018
Messages
3,692
Think this has more meat to it than transfer rumours considering his own spokesperson has confirmed it.
It does seem to be legs to this but i`m still afraid of the disappointment and heartbreak if it falls apart.
 

KiD MoYeS

Good Craig got his c'nuppins
Joined
Feb 1, 2010
Messages
32,989
Location
Love is Blind
Demonstrations need to be newsworthy on Monday again. Enough to discourage this Yank investment firm from dealing with the leeches.
 

VanHaal'sRedArmy

Full Member
Joined
Jun 28, 2015
Messages
2,623

This is a power play. No way in hell can Joel and Avram hang on to total control if the others want out. Their empire is crumbling, and I'm loving it :drool:
Heard the family make most of their money on commercial real estate (retail malls etc.) Now that the core business is failing, they could be incentivized to add some much needed liquidity.
 

Red the Bear

Something less generic
Joined
Aug 26, 2021
Messages
9,127

This is a power play. No way in hell can Joel and Avram hang on to total control if the others want out. Their empire is crumbling, and I'm loving it :drool:
Don't those 2 own a majority of the shares by themselves anyway?
 

Mickeza

still gets no respect
Joined
Aug 21, 2012
Messages
14,113
Location
Deepthroating information to Howard Nurse.
So that’s that then. Ratcliffe being given the cold shoulder.
If I knew a very wealthy Manchester United fan wanted to buy the club and if I wanted to sell at the highest price I’d probably leak I was in discussions with other people too. I mean the article even gives a deadline - next month is when it’ll happen - so he’d better get a move on.
 

Compton22

Knows that he knows nothing.
Joined
Jul 27, 2014
Messages
3,393
Don't those 2 own a majority of the shares by themselves anyway?
They do. The point is that their position is untenable enough as it is without adding to the fact that other Glazer shareholders want to sell. The pressure on them would only intensify even more if they hung on.
 

Lecland07

Full Member
Joined
Oct 23, 2021
Messages
2,835
Even if he buys us, Doesn't invest a penny of his own money, without all the Debt repayments and interest repayments and dividends we've paid over the last 17 years, which is roughly 1 billion. It works out at an extra 588 million a year, add that on top of the money we've already invested in the football side. crazyness.
We won't get anywhere near that much. We pay about £20m in dividends and £20m in interest every year. We will get £40m per year at most. Dampen your expectation a bit about this - the amount we spend will not really change at all.

98% of all income is already spent on club activities every year.
 

Orc

Pretended to be a United fan for two years
Joined
Dec 17, 2012
Messages
5,322
Supports
Chelsea
Would be right in line with what Ratcliffe did when we were for sale a few months ago. Make a very public statement and last minute push once he knows it’s extremely unlikely so that the fans get behind his bid.
 

giggs-beckham

Clueless
Joined
Sep 9, 2007
Messages
6,980
the club not commenting is basically meaningless at this stage

this is a bit of a journalists trick to add something to the story

when something like this breaks journalists will call the press office, and when they call they already know that the press office has a standard "no comment" policy on anything new breaking

so the press officer says the "sorry no comment" line, and the journalist reports it as "the club declines to comment".. making it sound like the club has already made a specific decision to not comment on this specific story, when in fact nothing of the sort has occurred yet
So the club doesn't want to say sorry no comment just in case there's something in it. Making the no comment stance potentially significant.
 

Marcelinho87

Full Member
Joined
Aug 4, 2010
Messages
7,239
Location
Barnsley
Would be right in line with what Ratcliffe did when we were for sale a few months ago. Make a very public statement and last minute push once he knows it’s extremely unlikely so that the fans get behind his bid.
With all due respect, I think and agree with some media outlets saying he was late with the Chelsea bid on purpose as he was hinting to the Glazers.

Could be wrong but I just don't think he really wanted Chelsea.
 

AdNani

Full Member
Joined
Jun 25, 2014
Messages
1,687
We won't get anywhere near that much. We pay about £20m in dividends and £20m in interest every year. We will get £40m per year at most. Dampen your expectation a bit about this - the amount we spend will not really change at all.

98% of all income is already spent on club activities.
to be clear, i wasn't expecting us to spend that every year, i just divided 1bn by 17 and that's what i got :lol: :lol:
 

TheReligion

Abusive
Joined
Nov 22, 2006
Messages
51,465
Location
Manchester
Would be right in line with what Ratcliffe did when we were for sale a few months ago. Make a very public statement and last minute push once he knows it’s extremely unlikely so that the fans get behind his bid.
And for what reason would he do that here?
 

Orc

Pretended to be a United fan for two years
Joined
Dec 17, 2012
Messages
5,322
Supports
Chelsea
With all due respect, I think and agree with some media outlets saying he was late with the Chelsea bid on purpose as he was hinting to the Glazers.

Could be wrong but I just don't think he really wanted Chelsea.
Maybe not. But this is almost exactly the same playbook.

It was announced that Boehly and Clearlake Capital had entered into exclusive talks and then boom, Ratcliffe announced his bid at the 11th hour. Here, it seems Apollo have entered into exclusive talks and boom, Ratcliffe announces his bid. Perhaps he got word?