15 Jun 2023 13:16:04
Rio Ferdinand saying the club takeover by Qatar, imminent!

1.) 15 Jun 2023
15 Jun 2023 13:49:08
Rio also said we were back when ole was at the wheel so I wouldn’t hold him to his word much lol.

2.) 15 Jun 2023
15 Jun 2023 14:17:41
Tim, things are going so well around here. Please don't mention the war!

Rio is good mates with Darren Fletcher. I don't think Fletcher would have any knowledge of the dealings but maybe they're filtering through the club as we speak.

3.) 15 Jun 2023
15 Jun 2023 14:39:55
He's hearing that.

Anyway, I think it's likely. Woodward's failures, leaving the club with so much debt along with too many inadequate players on super high wages, as reflected in the stock price prior to the sale announcement back in November, have basically cooked the Glazers' goose. They are severely limited as to what they can spend without further significant investment and no one in their right mind is going to put in that much money without substantial or total control of the club.

From our point of view, if we're going to be able to compete on an even footing with the top European clubs, and modernize our facilities, then we're going to need a fairly free flow of capital. As much as it grieves me to say it, that probably means oil money. Absent any details, an outright purchase by the Qataris is probably going to result in more player expenditure. Then, we will have to see if ETH has the chops to do it.

4.) 15 Jun 2023
15 Jun 2023 15:04:13
I still expect the Glazers to stay on and sell a minority stake in the club. They will issue a statement saying that their valuation of the club wasn't met or something to those words.

5.) 15 Jun 2023
15 Jun 2023 15:22:07
The Shiekh just registered his business Nine Two UK Holdings Ltd in the UK today.

I think that's probably the most concrete bit of information we've received that says he's prevailed.

6.) 15 Jun 2023
15 Jun 2023 15:33:11
Nine Two UK Holdings Ltd is now official in the UK with Jassim as one of the directors. Make of that what you will.

7.) 15 Jun 2023
15 Jun 2023 15:52:00
Reuters reporting that united are in exclusivity with the Qatar bid. Looks like Rio was right.

8.) 15 Jun 2023
15 Jun 2023 15:54:21
Shaw agreed.

They want out, it's just going on due to no one meeting their price. But, the longer it goes on, the worse it is for them. They know things have to happen and there's no time like the present to get out and really cash in. The siblings all know this bar one or two.

9.) 15 Jun 2023
15 Jun 2023 15:56:30
Still ambiguous: Reuters only depart from “sources” not facts - and SJR can stil counterbid.

10.) 15 Jun 2023
15 Jun 2023 16:29:11
Stock price now values the club at $4bn or £3.2bn. If the sale goes through and you're a shareholder you should get an offer for your stock. You'll then know the exact price the buyer is paying, that is assuming it's Jassim and he wants to de-list the company, which I think is inevitable. They won't want any more prying eyes than is absolutely required by EPL rules.

£3.2bn inc debt load which is then paid off with a further £800m cash infusion = £4bn bank debt free + £1bn promise of future investment = £5bn. That's a pretty big chunk of money for a profitless enterprise that has been draining cash flow for the last few years.

The Glazers own 69%, so they walk away with £2.2bn debt free before taxes.

11.) 15 Jun 2023
15 Jun 2023 17:14:17
Look like rio right .
Now dealing exclusively with Qatar.

12.) 15 Jun 2023
15 Jun 2023 17:15:39
According to journos this is a listing of a company just incase his bid is accepted, could all be a nudge to SJR to improve his offer, let’s just wait and see.

13.) 15 Jun 2023
15 Jun 2023 18:37:57
I don't think anyone is improving their offer from here on in. As I've been saying since the beginning of this process the club is simply not worth more than about £2bn on a purely financial basis. The Glazers no longer have access to the type of funds necessary to revitalize the club, and retain control. Their record as managers is appalling. Why would anyone trust them with additional £bns? Are they simply going to suck that dry too? These guys are parasitic. They used a financial process now to be disallowed to take control. The only thing good that can be said about them is by our competitors who have benefited from their incompetence, greed, and total disregard for anyone but themselves.

There's also a risk for the Glazers here. Let's say they don't sell and can't bring new money into the club. As a result, our rivals invest in better players and we don't make top 4 next year. Then the value of the club goes down, and maybe from there on it doesn't recover, getting deeper and deeper into debt. Their reputation must surely be as bad in the business world as it is in the football arena. Next time, who's going to commit themselves to this process?

Keep your fingers crossed. Let's hope the announcement that they're on the way out is imminent.

14.) 15 Jun 2023
15 Jun 2023 15:58:56
Amend that previous post. They are negotiating exclusivity so I’m theory other bidders are welcome to match or go high than qatars. It’s a good sign none the less.

15.) 15 Jun 2023
15 Jun 2023 19:07:56
Whoever wins, i will start judging them on who they bring in as CEO and who they bring in as DoF or whatever the guy in charge of the footballing side of the operation is to be called.

I cam be open monded on finaces etc but i don't want to see us messing these two appointments up.

16.) 15 Jun 2023
15 Jun 2023 19:45:24
It costs peanuts to open a company via companies house by the way and anybody can do it.