Bit random but my Mrs and I started trying for a baby post the Glazers selling news (unrelated), and my baby looks on course to be born before the takeover is complete
Club Sale | It’s done!
- Thread starter JB08
- Start date
-
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.
- Status
This reads a bit like you are saying that nobody knows anything except you, let me know if I misunderstand something, but when you see claims like that on an Internet forum, you won’t attribute much credibility to it…
BTW, since the Cayman Islands are majority friendly — if Ineos became the new majority owner — why the heck would they move it from the Caymans?I think you were in a bit of a hurry writing that. The Cayman Islands are not “Glazer friendly”, it is majority owner friendly.
It is this part that is the give-away, it is just jIbberish:
You need to put more effort into it than this. It’s Ineos making the bid. SJR only has one asset, it’s Ineos. Is SJR selling Ineos to get money, to give to Ineos, so Ineos can afford buying the club? Good one!
You clearly think I am a SJ in but I’m not I could t care either way as I’ve said in numerous posts both have pros and cons, but let’s be clear here SJR will do whatever it takes to get his foot in the door with an alternative motive driving his decisions, he simply wants to say I bought Manchester United as a vanity purchase and it would not be the new majority owner if he only buy 35/36% and allows all 6 glazers to keep a combined 34 to 33%, this is the jibberish as you say that most media outlets have been reporting they know very little like you and like me, but I won’t procrastinate about your message in the same way the Glazers are with selling the club, I’m am sure that all media is being used simply to drive up the price bevause as yet the Goblins have not received what they want!
And for the record I don’t understand what you mean about the Ineos statement, it’s clear SJR can use his incredibly wealthy company to set a trap to convince the Glazers to sell some shares now and some later when he’s invested Billions and wiped out the debt, I don’t think United fans have ever heard that before !
I never thought I could bare to bring a child in to this cruel, cruel world but then I heard the Glazers were selling up and I threw the condoms straight out the window.
But will the baby be called Jim or Jassim?!Bit random but my Mrs and I started trying for a baby post the Glazers selling news (unrelated), and my baby looks on course to be born before the takeover is complete
What are you referring to here?As it also was 3 months ago...
I get the hope thing, but let's be realistic. It's the Glazers. I'm sure we go into July no closer than we are now and I wouldn't even be surprised if they drag it out until the end of 2023
There’s proper news coming today… I can feel it.
The process being in crunch time. That's what I replied to
You won't be able to give me a single reason, other than perhaps your weird random twitter people, why now is more "crunch time" than 3 months ago. We're still nowhere near anything decisive happening.
The season has ended, and things need to be paid for. The squad needs investment. The revolving credit facility needs to be repaid.
He bought a Picasso for 280m to hang it in his living room
.Things that need to be paid for, including the credit, will be paid by us fans. Glazers are happy for us to pay for their private jets and hotel suits, they can't be too bothered about what we pay for.
The squad needing investment will be of absolutely no concern of them if behind the scenes they are preparing to exit completely.
You don't seem to understand the precarious financial position the club is in do you? Go have a read of the figures. The club is borderline insolvent with basically no cash left. They are putting day-to-day expenses on credit.
It's coming up to crunch time as I said.
You can say the Glazers don't care all you like but they will if we go bankrupt and their valuation takes a massive hit.
I think the plan is that we pay off the facility with ticket proceeds and max it out again during the transfer window.
We're literally buying stuff on future income before even going into a new stadium redevelopment and people still come out with the idiotic self-sustainable crap.
Exactly, it's a big mess.
Palancas!
I understand there are financial issues and the cnuts remaining in charge under the current ownership model is unsustainable.
But I also think they
A) don't give a shit about how it affects the club
B) are shit business people who inherited the club off their Daddy who was a very good businessman - so I don't trust they are able to make a good business decision amongst themselves. Same way I wouldn't trust Kim Kardashian to represent me in court, but I'd take her Daddy. cnut Malc would have sold the club years ago, his cnut kids don't have a clue.
I am pretty sure the sale process wont be completed before the end of the year. Looks like this summer and by extension the following season will be the victim of yet another disaster under these owners.
We have a good base and if we could get the 5 key players we can a good season yet again. But th glazers will make sure it all goes to shit
We have a good base and if we could get the 5 key players we can a good season yet again. But th glazers will make sure it all goes to shit
Ok, got it. Thanks for clearing that up. Based on what I've read I've never gotten an inclination it could be a 35-36% majority and it also doesn't make sense but yeah ofcourse it will be worse than a 50.1% controlling stake.
Last edited:
Ugh Ratcliffe putting people in place and pretty much zero mention of Jassim in tweet
Thats because his source is INEOS. Qatar have seemingly stopped briefing people.
The thing about the 6B billion the price that Jassim isn't willing to pay at least as of this moment is that it is metaphysically undeniable fact that, if United is properly managed, in even just 5 seasons United will be "worth" far more than 6B.
That said, "worth" is a tricky term in this context because what something is "worth" really and only is the amount someone is willing to pay for it. The world may go to shit in 5 years -- global warming, world war, famine, that kind of thing -- and it may well be that no one would be willing to spend even say 4B for United. But if the world muddles along over the next 5-10 years as it has over the last 5-10 years, 6B for Manchester United will seem like peanuts.
That said, "worth" is a tricky term in this context because what something is "worth" really and only is the amount someone is willing to pay for it. The world may go to shit in 5 years -- global warming, world war, famine, that kind of thing -- and it may well be that no one would be willing to spend even say 4B for United. But if the world muddles along over the next 5-10 years as it has over the last 5-10 years, 6B for Manchester United will seem like peanuts.
Good or Bad sign and be honest
You can interpret that either way. My honest opinion is I don't know. I still think they will win the bid.
Qatar just don't talk to western media as much as INEOS
Didn't something happen last night where a Qatar "insider" said it would be done in 2 weeks?
Athletic have added nothing to the takeover news.
Who do you think will win the bid
Just daft twitter ramblings.
I mean a proper source from the 92 Foundation or someone around SJ, like INEOS have been doing.
Qatar
I think the 6 Glazers won't agree on the split and they take the easiest option of selling to Qatar
He bought a Picasso for 280m to hang it in his living room
And Forbes employees get paid the big bucks?
The '92 foundation' is nothing more than the title of a blank MS Word doc, imo.
That's the kind of positivity we need
This is my understanding too and that’s the reason I think a new owner must seal the deal before the end of June 2023. Waiting until a new fiscal year should by all accounts significantly decrease the value of the club.
The question I ask myself is why the bidding process takes so long and my only logical conclusion is that there’s only one serious bid on the table. Maybe I’m too old fashioned but for me Ineos bid is a little too complicated for my taste. I start to suspect that the Glazers probably feel the same. Too many uncertain variables.
It's an empty shell company registered in 2023
Where is that coming from?
Edit: For context United almost always have more cash after 3Q than 2Q and United had 30m after 2Q. The last quarterly report isn't public yet but it would be a first in a long time if United had less cash than during the previous quarter and losing more than 30m without it being linked to a transfer would be a first as far as I can see.
Last edited:
Brilliant; call Raine, call the Glazers, heck even call Jim/Ineos..
I've just released no one has a clue what's going on.
Ah yes, another day, more speculation and no new news.
Proves really that all these "sources" are spouting pure BS. Still, it is what it is... the longer we wait though, the bigger the impact on the summer Then again, i'm sure the leeches won't really care about that
Proves really that all these "sources" are spouting pure BS. Still, it is what it is... the longer we wait though, the bigger the impact on the summer
Then again, i'm sure the leeches won't really care about thatAh yes, another day, more speculation and no new news.
Proves really that all these "sources" are spouting pure BS. Still, it is what it is... the longer we wait though, the bigger the impact on the summer
I'm not sure the impact on the summer will be a great as some fear. United have a budget and, if reports are to be believed, are seemingly already working towards it. Whether there is a takeover or not, the budget won't be materially impacted this summer anyway.
Exactly...this thread is 1500+ pages of absolutely nothing
- Status