I've seen that. He's also suspicious of the rumours about the 5 to 8 bidders. Seems to think there's only two. I think he's right.
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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I've seen that. He's also suspicious of the rumours about the 5 to 8 bidders. Seems to think there's only two. I think he's right.
That's a concern SJR not clearing the debt with the flimsy interest rates that's a really poor proposal.
Which one is Radcliffe? All jokes aside, "From what I've heard...." doesn't really prove anything. I'm not saying he will or won't b/c I don't know, but this isn't evidence.
It's mental, isn't it? It's one thing having moral reservations about Qatar (I personally don't care at this point ) but to so foolishly push an agenda based on wrongful information and misrepresent just how much shit we are in financially is infuriating.If you're going to google something, then maybe you should actually make sure you know that the bonds matured in 2017.
Why don't you open up our 20-F and actually look up our current situation.
Why are you even trying to argue with someone who clearly knows a feck lot more than you about these topics?
Are you that fecking stubborn?
Not really even sure why you're being an arse to people on this board, when they clearly have valid opinions and facts.
Fair enough you want some kind of organic fairytale but we should be under no illusion what this means for United. One thing it does mean is no PL title anytime soon.
Could they do a rights issue to raise capital?
If you want Ratcliffe you’re absolutely insane. Those shareholders are going to demand return.
So revealed by 'someone' who told Laurie Whitwell?
I mean it may be the case at least in the short term but I can't see anyone paying £5-6b for United and then leaving that debt in place. You'd imagine they'd maybe look to refinance it and move it over to Ineos along with whatever they're borrowing to buy the club.
The Ineos shareholders?
Anytime there’s a report of either side being confident or ‘x has impressed‘ during recent meetings we get the copy/paste response of them not entirely sure of a full sale
Bollocks they can’t wait to get the billions and run they’re playing hard ball trying to get the best price it’s so obvious
Bollocks they can’t wait to get the billions and run they’re playing hard ball trying to get the best price it’s so obvious
Thought since I heard it its yet another tactic to get the Qataris to pay out as much as possible
lolz
The only people in Manchester as angry as you are support City
It’s pretty obvious there’s only two bidders.
Glazers are trying to extrapolate the highest bid from either party.
Ask yourself if there are other bidders why haven’t they been to visit OT and Carrington in a convoy of SUVs pretty hard to avoid the press at the moment around this.
Glazers are trying to extrapolate the highest bid from either party.
Ask yourself if there are other bidders why haven’t they been to visit OT and Carrington in a convoy of SUVs pretty hard to avoid the press at the moment around this.
Other bidders have been on site. It was reported last week and again yesterday. They just didn't pose for photos.
You mean the two guys who went to Old Trafford with him? I’m sure they know the only return from this transaction is long term, apart from any prestige or greenwashing elements.
Practically speaking it’s a huge difference because the club’s status has been achieved without being solely propped up by independent wealth.
Howsen is such a wanker. Is there anything he won’t pretend to know about?
I think both SJR and Sheik Jassim will buy 100% of the club eventually before starting any big project with the infrastructure.
Maybe. I an not sure.
There really wouldn’t be as this is probably what they wanted after the poor first round of bids, Raine group would probably recommend they make Qatar the preferred bidder and try and negotiate up to £5.75bn or $7bn and then use PR by saying they, the Glaziers have sold their controlling shares in the club for £6.3bn or $7.8bn as the debt of £620m will be conveniently rolled into the sale price.
He is (hate the way he constantly drops in his group chat with Rio every 5 seconds), but think he's trying to clarify what he's heard there and asking
No I mean INEOS.
Whoa whoa whoa, slow down fella….
Who exactly is “being an arse”?
Clueless
Imagine thinking our loans were fixed term rates
You're borrowing from a fecking investment bank not your local regional bank mortgage
Knows more? I’m not convinced you even understood the passage you posted.
I mean, just three posts earlier you joked that we don’t have fixed rate because we borrowed from an investment bank not your regional bank manager, and now you’ve posted a passage there showing the a large portion of out debt is in fact, at fixed.
And in the passage it actually states:
And you think that’s proof you know more?
No wonder the “not brightest bulb” is stubborn when debating with Mr laughing smilie who name calls and who claims he “knows more” on a subject he clearly knows little about.
So just a tip, maybe next time you wanna claim someone is being an arse, you should maybe look in the mirror at your own behaviour first?
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Come on that's nonsense. We spend enough right now under the most hated ownership in the Prem to win a title.
Can't stand the prick.
Jim and his two buddies who were at the meeting last week are the only shareholders of INEOS. Jim owns around 60% and the other two around 20% each.
The shareholders (apart from Jimbo himself) are those two guys.
So unless you think the pair of them will demand outrageous dividends, you can probably relax as far as that goes.
It’s pretty mental that a poster just 4 posts back laughed at the idea we have fixed term rates as this is “investment banks not your regional bank mortgage” then posting a passage confirming that United did a deal to swap for fixed rates to reduce interest rate volatility, and both that poster and yourself have not even realised what he posted.
Aye, that’s mental, but that’s this thread for ya.
Oh my days
Just stop regulus. Please.
Why on earth would you need an interest rate swap to reduce interest rate volatility if YOU HAVE FIXED RATES? They obviously had non-fixed rates to start with hence why they had to do a partial hedge.
This doesn't even have anything to do with finance. Its just common sense.
Please just stop.
I find it just incredible how some posters can't even admit they are wrong. Even when its something they clearly aren't knowledgable about.
All this to what? Save face on the internet? Win an internet argument?
We entered a deal to swap to fixed rates for a portion of our loan that was on variable rates, exactly as it states.
Are you now gonna pretend you didn’t laugh your head off a few posts back at the idea of us having fixed rates?
Oh my fecking days indeed. Talk about not admitting when you were wrong when you clearly made yourself look daft with all those laughing smilies about this not being your regional bank mortgage
What was it again “Imagine thinking we have fixed rates
”.Keep laughing, it covers your insecurities on this one.
When they made the 1st bid and said they won't be putting any new debt on the club but didn't say anything about clearing the debt that's already there. There's also been multiple reports that they won't be paying it off as part of the takeover
And you're the guy who thought we were on fixed rates
You don't even know what you're arguing about
You've literally just proved my point.
And you're the guy who thought we were on fixed rates
Wow.
Do we have loans on fixed rates?
Simple answer, yes or no? the clue is in the passage you posted.
I think here’s where we reach checkmate in yet another dumbed down discussion filled with laughing smilies and name calling.
I thought Ratcliffe said the club's debt would be absorbed by Ineos?
Every time.
We DO NOT HAVE LOANS ON A FIXED RATE.
We entered into an interest rate swap. WHICH IS ALSO SUBJECT TO VARIABLES and NOT A PERFECT HEDGE.
That in itself will also cost us and is not a risk free instrument.
So Laurie from Athletic confirms the “existing debt” will not be cleared by Ineos which a number of posters here passionately claimed he would or had some legal obligation to do so.
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