But does Sir Jim lose any sleep about those topics when he buys their oil?
You do realise it's not the 'oil' that people criticise the owners for but their incredibly questionable human rights records.
I do take the Nice point and it is a valid concern
Im unsure. Ultimately Nice is a good footballing project and he's been heavily criticised for the handling of it.
There's just been a major revamp of club leadership and so far it's working out alright. Don't know if we need to get in VDS at this point. Not like him and his team have got everything right at Ajax. The Schreuder appointment for example along with allowing him to stay beyond Christmas have been stupid.
Yeah. Ultimately I’d want them to acknowledge that and explain their plans for United. But the Nice thing alone doesn’t throw me off
People just be saying any old thing these days I guess
United has burned through 1 billion pounds on pointless debt repayments and dividends to the owners over the past 20 years - an amount that is literally 0 for most other clubs, and yet.. we are still among the highest spenders in football year after year in both transfer fees and wages. We don't need a questionable state fund owner. We literally just need an owner who makes good decisions like City's owners do, except let's the money generated by the club just stay within the club. We don't need the owners to pump money into the club beyond just clearing the debt that shouldn't be there in the first place.
Ratcliffe has a personal net worth of 15+ billion almost twice that of Roman and 3 x Boehly
Ineos is not a Sports company, they are a Petro chemical company. Ineos Sports Group would be the buyer as a subsiduary of Ineos and they won't have access to anything like the funds people seem to think they will, if Jim buys us he will borrow the funds to do so, this fantasy that he or Ineos is going to pay cash for us needs to stop.
The interest may be £50m but the actual debt isn't going down is it
Ratcliffe owns 2/3rds of Ioeos so he's a bit more than a face
And he tried to buy Chelsea. Where are they again?
The news from today is from INEOS not SJR personally.
but they’ve officially registered their interest
Did not say anything about him being a face so not sure what you are on about. He has not bought any of his other sporting projects for cash and his comments both on the Chelsea situation and on the general subject of buying United indicate he is not interested in doing so here either. He ha a high net worth but most of that is his comprosed of shares etc. He does not have 5 or 6 billion in cash sitting in his bank account and regardless of whether you buy the story of him being a fan, he is quite clear that he views owning a football club as an investment. He will want to make money and not lose it so in that way he is no better or worse than the likes of Boehly.
With all due respect, this post betrays a fundamental misunderstanding of the process that the club is currently going through.
Where have you heard that? Not seen that anywhere.
he won’t be borrowing against the club though right? that’s no longer possible I think
Right you didn't, the poster you replied to did, my bad
There's a load of delusional people chomping at the bit for us to pay for our new stadium after the Glazers have taken this money out of the club already.
They made spending promises of well over a billion of investment with their late entry into the Chelsea debacle
https://www.ineos.com/news/ineos-gr...cquire-french-ligue-1-football-club-ogc-nice/
And any other ME buyer would be the same
Supposedly so although what happened at Burnley suggests leveraged buyouts maybe are still possible but I don't think that would be his intent. I would guess the way he would put the financing together would be broadly similar to the Chelsea deal. Not as scandalous as the Glazers but the debt would still exist in some form and the club would be run as a business with a goal of turning a profit. It would be nice to see a commitment to invest x amount over a certain period as was the case with Chelsea but in that instance you had an owner who loved the club wanting to ensure its future, the Glazers don't give a stuff about what happens once they are gone. Chelsea also had the good fortune to see their 1.5 billion in debt dissapear overnight which again won't happen here sadly.
There is a big difference between club debt and owner debt. If the owner is in debt and comes into trouble, they sell off their assets. United would be an asset with 0 debt (assuming they clear it if they takeover..), while the owner would have their own debt that they took on while purchasing the club. That's normal. Buying a club by putting debt on the club is what is fecked.
The bolded is the key. That debt is club owned and currently stands at around 500 million or so. We have not had any indication that new owners intend to pay it off and if they do it will likely only be to convert it into another loan. The idea that it will simply be paid off by new owners as a gift is fairly improbable. Chelsea had the good fortune that their debt was shifted to a holding company and then it was waived by Roman to close the sale, we are not in such a fortunate position.
