If you intend to pay for it up front, yeah, and obviously there is the possibility that a seriously wealthy owner would put those funds up by way of interest free loan as we've seen at other clubs which would be great. Equally, if you're mortgaging the cost then it's different but shouldn't impact the club significantly, because at the moment the club is already losing circa £40-42m a year in dividends and interest payments, so you could theoretically replace those payments with mortgage type payments but actually have something to show for it (for context IIRC Spurs repayments were scheduled to be around £35-37m after building their stadium).
Sir Jim Ratcliffe: I want to buy Manchester United | Will make a bid for the club [Telegraph]
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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.
For sure. I wasn't disagreeing with you at all. Just giving some context to your point after you said you weren't sure exactly what they'd taken out.
Goldbridge is a wanker but his pull of guest speakers can't really be ignored. He has the chief sports writer of the Times speaking on the developments:
Mate, me and you are also genuine supporters of the club but I wouldn’t fancy either of us to do a top lvl job at United. Perhaps it’s time we get slightly less sentimental and stop pretending the love for the club is a qualification itself and actually become slightly professional, targeting the best qualified in the business. Neville has shown nothing or even less than that to suggest he’d be anyhow more successful in a top level role at United than in his managerial stint in Spain.
Don't want to be a drainer and I haven't read the entirety of this thread, but.
1. The club isn't for sale (certainly not for any reasonable price).
2. The minority investment is to upgrade the stadium and training facilities - Arnold says this very clearly in the undercover pub video.
3. If the club was for sale they will sell to the highest bidder, not necessarily Ratcliffe.
1. The club isn't for sale (certainly not for any reasonable price).
2. The minority investment is to upgrade the stadium and training facilities - Arnold says this very clearly in the undercover pub video.
3. If the club was for sale they will sell to the highest bidder, not necessarily Ratcliffe.
Aye, following our post-SAF experience it’s time for an overhaul, this time let’s try to give too much of a say and influence to our ex playersCEO: David Beckham
DoF: Gary Neville
Manager: Ole Ole I love you
Technical Director: Fletch
Marketing director: Paul Scholes
Head of Academy: Nicky Butt
Chief Data Scientist: Phil Jones
That's exactly the kind of guy we need
Well, Fred will be the first he gets out the door of he does take over.
yes
He is really good at delegating and utilising experts.
INEOS Capital (investment company) is run by him and two other guys (Ginns and Leask). All three of them sit on the governing board off his companies and he makes decisions in unison with them. He doesn't have a dictatorial management style, he's inclusive and runs his businesses in a more startup \ entrepreneurial model.
He does like to gear his investments, but he uses private finance rather than public equity to raise money.
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The reason could also be that he tweeted about United after thousands of comments he got “BUY MAN UNITED” in the last days
I'm not sure that's entirely fair, but agree to disagree. I responded to your post about having someone like Neville involved, not to suggest that they would be running the show.
Pretty much
You can get any of these in since he pays them to appear. Just front the money
It would push it back by 4 or 5 years.
So is it better we get hammered on Monday? Could us beating Pool, fans in ecstasy, positive press all give hope back to American owners?
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Main thing is hostility towards the owners regardless
Ratcliffe would be the highest bidder.
And we know the club as a whole isn't for sale, just the minority but this is a moment we as fans can't let slip, we have to keep pushing and gathering momentum now as this is the first sign of cracks in their armour so to speak.
Well he offered 4Bn apparently to buy Chelsea maybe he can squeeze another 2 to buy us as that's what the Glazers want ?
What, in his history, would suggest he’ll buy a badly run asset, in need of massive capital investment, at the top end of the market?
Start a go fund me for Jim!
Him bidding the most for Chelsea
?@devilish would have heart failureCEO: David Beckham
DoF: Gary Neville
Manager: Ole Ole I love you
Technical Director: Fletch
Marketing director: Paul Scholes
Head of Academy: Nicky Butt
Chief Data Scientist: Phil Jones
I’m not sure pageantry is quite the definitive answer you’re suggesting.Him bidding the most for Chelsea
I didn't say it's on him, just that he's been here a while and hasn't had any impact on our performances one way or another.
Probably
Hope this Daniel Radcliffe buys us.
Could sort out the Quidditch team too.
Magic.
Could sort out the Quidditch team too.
Magic.
Bit worried how the Apollo news links to Ratcliffe's chances of buying us
That's pretty much it. FFP would make it pretty difficult anyway (clearly PSG do some questionable accounting) but the aim is to build up the club gradually, fill up the top notch stadium more often and get established at the top end of the table with some European football.
But they don't have to worry about cashflow so much so can be more proactive in the transfer market and take a few more risks buying in players before selling.
Nothing.
He is 69 and there is for once a slight opportunity available to own the football club he supports, maybe that is enough to make him want to do this.
Won't happen with their CEO's links to Epstein. That coming out today makes it a nonstarter.
This is going to take forever to complete and the fanbase needs to have these rats on edge throughout.
If you want to get an idea about what the Glazers think about external pressure or the normies' opinions, watch Succession on HBO. These guys have a thick skin and it's only the money side that will force their hand.
However, with Ratcliffe, there's someone who's arguably better at this game and with rising interest rates and worsening business prospects for the club, this would not allow them to keep refinancing the debt cheaply and paying themselves lunch money every year.
The stage is set but the fans need to push for immediate sale or a binding agreement in a short time frame. Just get the parasites out.
If you want to get an idea about what the Glazers think about external pressure or the normies' opinions, watch Succession on HBO. These guys have a thick skin and it's only the money side that will force their hand.
However, with Ratcliffe, there's someone who's arguably better at this game and with rising interest rates and worsening business prospects for the club, this would not allow them to keep refinancing the debt cheaply and paying themselves lunch money every year.
The stage is set but the fans need to push for immediate sale or a binding agreement in a short time frame. Just get the parasites out.
That does not happen, I know that for fact.(not affiliated with goldbridge just know how that industry works)
So would @Dante but for the opposite reasons.
We don't know whether it's for sale. The Glazers aren't likely to openly say so as it just decreases the price.
It's hard to know what thier long term objectives are.
They basically acquired the club for almost nothing. They get some income from it but not a fantastic amount in the scheme of things. They don't seem that interested in the club.
Logically that would imply they would look to cash out at some point and bank the winnings.
The one thing they're good at is looking after thier own interests...
Every time I see them it looks like their skin would spontaneously combust if exposed to sunlight.
Pretty obvious to anyone that doesn't need to state they hate Goldbridge as a preface and watched the interview that the 'payment' here was promoting the guy's new book to 1.5m United fans who may decide to buy the book.
I sometimes wonder if common sense has disappeared from our time.
The failing companies get targeted because for a very small investment they can get a foot in the door and then keep the business going. If it is a high turnover business they can then just sell off any less profitable parts of the business, pocket the revenue from that turnover and just not provide any investment back into the business.
A few years ago I had dealing with the Vulture capitalists who took over Comet. It had hit the buffers and needed help so they bought the company for £2 and invested £10m to get the company back up and running - pay off cash debts etc.
They then ran the company for about 7 years, skimming off the profits and then when they saw the writing was back on the wall and they knew they couldn't pay for the Christmas / new Year stock they needed to buy for the upcoming January Sales they pulled the £10m back out of the company pushing it into it's final collapse in November 2012. 7000 staff were made redundant but without proper redundancy pay and they took an estimated £117m out of the company in the 7 years before the receivers started selling off stores to try and recover money to pay the staff.
The glazers are potentially leaving now because for the first time in decades the "revenue" from United has gone in a downward direction. Falling revenues from sponsorship and less matchday revenue are finally starting to hit them where it hurts. The years of mediocre football and poor facilities are finally catching up with them and showing on the balance sheet.
SJR will be banking that he can very rapidly get a big increase in "normal revenue" by being a new broom, attracting more sponsorship and improving the mood about the club. It won't be all plain sailing but the big investment requirements (stadium upgrades etc) can always be set to one side as investment. He will be able to get that graph of operating revenue heading upwards if he is successful and gets the fans onboard.
For that to be a payment there does need to be the proper pull. He talks shite, but he has a massive audience and thus pull.
I'm hoping this is just the Glazers trying to make out they have lots of "interested parties" to drive the price up.
See Woodward playbook Number 3....Plant false stories in Media that [Insert Player Name] is attracting interest from "a number of European and Premier League clubs" - end up subsidising their wages to play in 2nd tier of Turkish football