Why is he teaming up with an American bank? Is he the Middle Eastern Glazer?
Club Sale | It’s done!
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In the latest episode of the United Hour Podcast, Nik (@Rood) is joined by CEO Duncan Drasdo and Financial Director Andy Green from the Manchester United Supporters Trust for a special episode on all things behind the scenes at Old Trafford including a brief history of MUST and their aims today, views on INEOS and Sir Jim Ratcliffe so far, and the Old Trafford regeneration.
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That’s two strikes against Qatar then.
Tweet deleted?
Keyboard warriors are a different breed to normal people.
No it's just for financial advice on how to structure the deal apparently. Ben Jacobs mentioned how the entire process was designed for Americans, could be why both SJR and Qatar have sought American advice.
Fake nooz
It's also quite the take to be rightly concerned by environmental issues caused by Ineos and then support a bid from a state where revenues exceeding 50% of GDP comes from oil and gas.
Are you saying that Qatar is the same as North Korea?
He isn't teaming up with Bank of America. Typically you need banks to do perform due diligence, financing (even if he has the money) etc. Bit like you would hire a solicitor for a house purchase.
Or I'm look at all current bid and realizing that they all have things that I don't like?
Why would I only judge one bidder?
The issue being that I don't support the bid from the state that makes money out of gas.
Precisely, the whole process is very American centric too.
Absolutely, in fact Qatar uses Ineos technology.
Fair enough. To be honest I'm hoping there's an alternative to the current bidders, not that anyone with sort of money will be good, but there's currently only 2 options which I guess is why people are comparing human rights and environmental abuses against environmental abuses.
https://www.bloomberg.com/news/arti...-manchester-united-advised-by-bank-of-america
Its behind a pay wall.
Its behind a pay wall.
Had someone argue today at OT that Radcliffe being a Chelsea fan is worse than the Qatari regime’s homophobic and misogynistic laws because they won’t affect us as fans.
Would SJR only purchase the Glazer portion of the club so they can continue to take dividends? If they buy it all then that's not possible is it?
Excellent post.
PSG haven't exactly been well-run this last decade, a policy of signing Galacticós rather than smartly building a squad so whilst the Qataris might spend, there's no real evidence to suggest they will spend well.
Sure, it takes funding to build new infrastructure and that increases someone's liabilities. But new infrastructure is also a new asset so the new asset balances off against the new liability. People get all worked up over debt but borrowing to fund capital investment isn't an obvious problem as long as you're not building white elephants.
Haha, very true.
Bank of America has been appointed as one of the advisers on Sheikh Jassim Bin Hamad J.J. Al Thani’s bid for Manchester United, joining a number of investment banks and investors involved in the race to take over the renowned football club. A son of Qatar’s former prime minister Hamad bin Jassim bin Jaber Al Thani, the royal family member is heading up what some see as the leading bid for Manchester United. A spokesperson for Sheikh Jassim confirmed the appointment of Bank of America. Sheikh Jassim, the chairman of Qatar Islamic Bank and a former board member of Credit Suisse Group AG, confirmed his bid to acquire the English Premier League club in an emailed statement Friday. The Qataris’ opening offer could value Manchester United, currently owned by the US Glazer family, at about £5 billion ($6 billion), Bloomberg News reported earlier. “The bid plans to return the club to its former glories both on and off the pitch, and — above all — will seek to place the fans at the heart of Manchester United Football Club once more,” Sheikh Jassim wrote in the statement.
Negative. Why do you think all this PR blitz is going on? To persuade fans to buy in to bids. They need fans inside. Maybe you don’t care. That’s different.
thanks mate
£5b. Wow.
For 69%
Stunned how many United fans would be happy with Qatar, happy to see us become like City and Chelsea and PSG. This is Man United we're talking about - built not by distant billionaires but genius football men like Busby and Ferguson, through tragedy and triumph. Just as we might be coming back to a period of real, deserved success, to have it washed away and start winning with all the unearned financial advantages Qatar might bestow on us leaves a bad taste in the mouth.
Certain clubs' successes should come with an asterisk next to them. We've not, and never should be one of them.
Certain clubs' successes should come with an asterisk next to them. We've not, and never should be one of them.
So the Qataris put in a £5b bid?
It’s too hot a political potato. Real pressure here. Probably best to steer clear for the moment
For 69%
I reckon that £5b will include the Glazer 69% and the offer for the remaining shares to delist the club.
Why?
The Glazers don't own the other shares. It is the Glazers shares he is wanting to buy. They were shares that went on the open market.
Asterisk City FC?
I don't think so. I think it's indicating their offer would value the club at 5 billion if they bought the whole thing.
I myself hope that there is someone that I can support. But in any case I will have to accept a decision that isn't mine.
That's literally the point I'm making. He's only trying to buy 69% currently. I'm speculating as to the reason.
So that's 6b US innit? They want 6b quid don't they?
No Saudi bid yo
For 100% as per their statement in the press.For 69%
SJR bidding for glazers shares (69%)
Opening bid of 5b?
The Glazers only own 69%. So if he bought that 69% they would no longer have any stake in the club.
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