Manchester United partial sale completed: Jim Ratcliffe acquires 27.7% share, 100% control of sporting side)

[Jussi]

Looks like it’s advancing over the line…

Nope...

 

[Duchene2MacKinnon]

Nope...

It’ll happen at some point

 

[Savant]

It’ll happen at some point

This guy is full of shit. Same one who said all the LFC/Qatar bologna. He’s a tosser

 

[Jussi]

Yay...

 

[Jussi]

This after Custis from The S*n said Jassim's bid had been chosen as the winner:



Obligatory "feck the Glazers".

 

[Jussi]

 

[S E P H]

If you're going post a "reliable" tweet, it should at least have who the potential owners are in it...

 

[Jussi]

If you're going post a "reliable" tweet, it should at least have who the potential owners are in it...

There's only two parties interested in buying the club. The point of the tweet and the story behind it was to counter the trash papers recent rumors of the sale not happening.

Reports have claimed that United's current owners, the Glazer family, have backed away from a proposed sale of the club as they feel they are not getting the appropriate value, but it is understood lines of communication remain open between everyone involved.

 

[Jussi]

 

[Savant]

Don’t see how that does anything but help the Glazers out

 

[Jussi]

Don’t see how that does anything but help the Glazers out

Seems the plan is to eventually (by 2025-26?) to buy out the rest:

 

[Savant]

Ehhhhh we will see

 

[Jussi]

https://www.bbc.com/sport/football/66990408

 

[JeffreyLFC]

 

[Spring in Fialta]

So...are they in or out?

 

[JeffreyLFC]

So...are they in or out?

Out

 

[Duchene2MacKinnon]

So the monthly walk away from the table.

 

[JeffreyLFC]

Glazer remain main shareholders. Ratcliffe purchase 25%.

 

[Jussi]

Glazer remain main shareholders. Ratcliffe purchase 25%.

Wow, so the rumors on that were true...? I left the question mark there because Daily Fail but seems Mike Keegan seems to be an actually competent reporter there.

 

[hatterson]

I’m assuming Ratcliffe’s motivation is that buying 25% now gives him a clear inside lane when the Glazers actually do sell the other 75%

 

[Jussi]

I’m assuming Ratcliffe’s motivation is that buying 25% now gives him a clear inside lane when the Glazers actually do sell the other 75%

Quote from the Sunday Times article:

"Sir Jim Ratcliffe is set to complete a deal for a 25 per cent stake in Manchester United after the withdrawal of his main rival, Sheikh Jassim bin Hamad Al Thani, from the bidding war to buy the club.

While the Qatari group stood alone as the only offer for a 100 per cent of United, Ratcliffe’s higher overall valuation has convinced the Glazers to sell to the British billionaire in what The Sunday Times understands will be the first stage of a full takeover.

Ratcliffe and his petrochemicals firm, Ineos, will pay up to £1.3 billion for an initial 25 per cent stake, with the agreement expected to be ratified at a board meeting this week."

If none of that money goes into debt or stadium, then it might not look so good until that ownership stake increases.

 

[Jussi]

 

[Jussi]

 

[Jussi]

United announces management transition

Richard Arnold has decided to step down as Chief Executive of Manchester United after 16 years with the club.

www.manutd.com

 

[Jussi]