Quarterly Quarrel - The Financial Discussion Part 5

More confusion with regards to the bids. Some reporters saying the new bid is for 6.5 mil + 1 bil commitment to spending on the club. Others are saying the bid isn’t much different than the last bid which is equal to SJRs. Who the ******** knows at this point just wrap it up and get the Glazers out already. ********s sake.

 

United are worth whatever someone will pay them. Their value is what you're talking about.

 

Which is why accountants have multiple definitions for the term "value".

 

I would opine that this proves his point even more, no? The money bags don't want to pay more for something that doesn't have commensurate value

Friggin accountants. Overcomplicating sh1t

 

Because if the Qataris really want United, with their unfathomable wealth, this price is pocket change to them.

I don't see the Glazers greed being the issue, I see this unfathomable wealth trying to nickel and dime to save a penny when they could just walk in and unzip their pants and thrown down on the table and walk away with it.

This notion of overpaying when you have this unfathomable wealth rings more than hollow. If you want it, just pay it and walk away. The Qataris don't need to make a quick profit or worry about a billion or two here or there on the price.

And no, I don't want the Qataris to buy them - I'm just tired of everyone thinking they need to make a good deal when they obviously don't.

 

Hes not defending anything I don't think.

Accounting value and economic value are entirely different concepts. Your adding of the term "good" is subjective as you're not giving weight to the intrinsic value placed on the club for the Sheikh.

 

So how does this impact our transfers this summer? Are we on hold until there's more clarity on this?

 

There is no economic value in the market. Only intrinsic value so not sure what happens now

 

RvN is right. It's not worth that price and the Glazers will settle for something less.

Likely outcome now is Sir Jim Ratcliffe will become major owner of United paying a more sensible amount for majority share (less than 4 billion). Glazers get their piece of the pie still. Sheikh Jassim will buy a club like West Ham, maybe.

It doesn't sound like we are actually improving upon our circumstances under the Glazers, but it's the start to some changes and some needed investment. As fans we have to remind SJR of his commitment to a "progressive ownership."

 

It's like going to a Ferrari dealership and trying to haggle them down. Oh, the car is valued at 400k, but you're selling it for 650k and trying to nickel and dime them down.

You have the money. United, while a business, is also vanity/sports-washing endeavor.

Pay what they want to get the product you want.

 

Glazers just need to make a decision so things can start to move and stop hiding behind the Raine Group.

The process is done - 5 lengthy, detailed rounds of bids done already.

 

Maybe it is complaining just to complain - but it doesn't change the facts. The Qataris could have made this whole process a lot shorter and simpler if they just gave the Glazers what they wanted.

I'm certain that whatever outlay they make for United will be dwarfed by the income from petroleum products. A literal drop in the bucket. Spending what the Glazers want isn't going to bankrupt the Qataris. What an absolutely ludicrous notion.

As for who? I'd take SJR and the Glazers over the Qataris every day of the week and twice on Sunday.

In the ethical dilemma debate of the lesser of evils, I'll choose grifters and corporate greed/environmental damagers over documented murderers 100% of the time and I'm disappointed more people dont feel the same, that they want possible success on the football pitch at literally any cost.

 

Lol you think rich people stay rich by throwing money frivolously around just because they have it. They stay rich because they are penny pinchers.
Also if Jim Ratcliffe is so great at owning football clubs, why haven't Nice and Lausanne done anything? Checks Ligue 1 table.... Nice are 9th!

 

If I had to guess, our base transfer budget is probably something like 100 mil plus player sales even if it’s Glazers still in charge. And due to FFP even if the Jassim were to takeover, he would probably be limited as to what he could do this window. Best guess is our budget could change from that base by 100-150 mil. Middle end of that spectrum if SJR wins the bid and upper end of Jassim wins.

 

We are talking about Qatar, who makes untold amounts of money from petro exports. You seriously think another billion is going to make them so financially insolvent that just can't afford it??? Pull your head out. The Qataris wouldn't be buying United if they didn't think they would easily make back their money. Paying the Glazers off just means it takes 4 years instead of five.

How SJR manages the club or the others he owns is immaterial to me. I would rather United play as a mid-table team fighting for UCL every year like we are now with SJR than buy championships with oil money mixed with the blood of thousands and untold thousands of dead full-stop.

I place my principles above the on-pitch success of the team. I would rather grifters and cheats own the team than murderers. I don't know how I can make this any more clear.

 

From the way things are shaping up, we are probably spending 100 million alone on Mount and Kim. Maybe we will do what Chelsea has done with those longer term deals.

 

Well, actually it’s pretty easy to stay rich once you’re already rich. Hell, just by throwing a majority of your money in a market index you’ll return roughly 7% annually. And they have way more lucrative forms of investing at their disposal.


And if we’re talking about Jassim, it’s essentially unlimited wealth. The sovereign wealth fund could buy United 20 times over.

People here talking about value are acting like it’s an absolute term. It’s not. It’s relative.

 

@CybrSlydr

Let's just wait until Friday at this point. That's Jassim's deadline. You may have a point, but it's crazy if 6 billion GBP got spent on Man U when Jassim could easily buy any other club for a fraction. He's not stuck for options. And as I said before, it's easy for someone of that means to create a new "United." It's been done before with AFC Wimbledon.

 

I would say the majority of the "worth" Qatar is bidding on is the pedigree of United being one of the most successful clubs in the most competitive league on the planet. The prestige and "je ne sais quoi" of owning something that massive and successful, or at least that's what the Glazers think and are literally banking on.

 

Fair points, but I'm more interested in timing. Are we actually going to pursue/complete any signings or are we waiting for some sort of a resolution

 

We should know soon because Jassim either drops out after Friday or wins out. Once we have a preferred bidder, we should know how to sort the summer window out, but with Glazers still in control, I expect a lot of cautiousness this summer.

 

Its going to hurt if we get stuck with Glazers or SJR/Glazer combo and Jassim buys West Ham and turns them into Newcastle 2.0.

 

This is so fecking infuriating, TTFO Glazers.