Me too. Interesting that he will come out as the majority stockholder - I thought he might end up as only a minority.
I feel pretty buoyed up by this, assuming it’s true..,
Even your Suns and Expresses are flip flopping from prefered bidder to prefered bidder every other day they know nothing in my opinion and are as usual clickbaiting.
Questions we need answers to: is debt involved? Is Ratcliffe in control or Avram and Joel? Is there a clause that makes those two sell their shares to Racliffe after so many years?
From what I've seen in the last few days Avran and Joel remain as minority shareholders and Ratcliffe has over 50%. My guess is that the 2 Glazers will stay in until the value of their shares reach the inflated valuation figure they always had in mind, which will only be realised if a proper recovery strategy is put in place - i.e. no more ripping the cash out of the club to line the Glazers' pockets. It looks like Ratcliffe has a call option over their minority holding too, so we will see the back of them in due course.
I've seen nothing yet about debt, though I suspect it could be part of the deal, given what is needed in terms of investment. Sound worrying, but might not be if it is manageable and comes out of improved future cash flows. The important thing is to see the Glazers sidelined and ultimately taken out. Part of me looks forward to them seeing first hand how the club should have been run.
Nothing in life is certain but I feel faintly optimistic that this is a good outcome, especially as we didn't become part of an Arab sports washing project.
Here’s something none of us has spoken about yet. We all agree that none of us want to be owned by the UAE and be a part of their sports washing. Neither do we want to be that club which is successful because the owners have spent whatever it takes. And so we all agree that Ratcliffe is our best option, a United fan owning the club and all that other emotional bullshit. BUT Jim is getting on a bit, how many more years does he have in him and what will happen when his ‘successor’ at Ineos turns out to be another fat greedy corporate cunt like Edwards and the Glazers?
Got a feeling the glazers are running this as a last ditch to get Qatar to pay the £6bn. Their whole strategy has been about playing off potential investors against each other.