Sam is joined by journalist Ben Jacobs to discuss Sheikh Jassim's world record bid to buy Manchester United as well as Sir Jim Ratcliffe's INEOS submitting their final bid. Find out everything you need to know about the final bids, their structure and the week ahead where we will find out for certain whether the Glazers are going to sell Man United.
I love Ben’s insight but think he’s really off on glazernomics. Glazers spend when not in champions league and pull funds when in the champions league. It’s always just enough to float. They’re leaching scum. Exact same tactic with the malls in America they own. They sit on real estate til natural rise in value suits them to leave the haggered unkept property they neglected
We can certainly get mixed up in the emotion that most UA-cam channels bring to the table, so it is nice to hear from journalists that try to keep us grounded in facts rather than emotion, although those two things naturally run together.
Looking at the world market, and banks collapsing in the US, I’m worried that Man Utd are owned by too many US investors right now. Sheikh Jassim would be my choice!
"If someone buys more than 50% of the shares of MUFC (which Ineos would be doing), the Club’s entire long-term debt will be cancelled (all banks would exercise their rights to cancel the outstanding low interest debt). Hence, it is - guaranteed - that all our current debt, mostly to Merrill Lynch, Bank of America and other syndicate members, will be wiped out the minute the Glazer sells (or “immediately”, within 10 banking days and within 30 days respectively)." United will be debt free with whoever takes over. Do some research before chatting nonsense
The debt will sit with the parent company, Ineos. However, the interest payments on all of that debt, plus administration costs, plus dividends, will be paid in full by MUFC. It's just Corporate creative accountancy. It's utterly meaningless and essentially means the club takes on ten times as much debt as under the Glazers. The principal will never be repaid and we stay indebted forever. The Ratcliffe option is a death knell for Manchester United.
It's quite clear that Sheikh Jassim has offered the best offer of 5bn+ which includes paying off all debt aswell as putting far more funds up to invest in a new stadium, update Carrington plus significant investment in the squad which when u add it all up is a massive massive offer which could easily bypass 7-8bn. The best thing is that none of it will include the Glazers in any capacity. That's the key here. This decision is one of the biggest in our history. I just hope to god that the Glazers accept Sheikh Jassim's offer. They'll be fuckin insane not to.
You don't know any of that. Nobody does. IF as is being indicated the Qatar bid of c£5b includes the proposed investment of £0.8b in infrastructure, and/or includes wiping the debt, then the Qatar bid is way lower than the Ineos bid.
@@creepingbrain where have you been all this time? Qatar bid of 5bn will not include the debt payment. The debt will be cleared separately from the bid itself.
Deary me. Right tards on social media, aren't there. The guy made clear throughout that there was a lot of this detail which is under secrecy. He has literally just outlined the process throughout. That your IQ cannot compute this, isn't Ben Jacob's problem.
@@davefarrell4347 Why do yoi care if they don't have any controlling rights. Grow up. What matters is a new owner and a new direction. Preferably not slave owners.
Watched the whole thing from start to finish. Ben is class. And I also have been following you guys on Twitter for months, but hadn’t subbed on UA-cam yet. That changes today! GGMU 🔴
What has not been factored in is, right now Avram & Joel are the 2 power players in a sale. If Sir Jim buys out the other 4 and gets Avram & Joel to agree to have their class B shares turn into class A shares. Even if the club grows to the $10b club they predicted. Although their shares will be profitable, their share value would be worth a lot less as class A. So why would they have all that value tied up for 5-10 years for a few million more while their siblings are super rich. It would make no sense to me. Once the other siblings leave United their power has gone and their money value is decreased.
@@joneziie4814 You don't need a video or an 'expert' to know that the Glazers will choose what they believe is best for them and to hell with the club.If you think trying to second guess them is worth your time bash on !
Sh Jasim should walk away if the leeches don’t accept their offer. Investment groups are going to put the debt on the club. Fans in America should protest outside the Glazers home and harass them without violence.
its being quoted from 92 foundation that they have bid a world record fee for a club at over 5 billion, plus they have an EXTRA pot of cash for investment clearing debt and infrastructure, so all in all its over 7 billion bid... I cant see Ratcliffe competing
@@VillianRagnarsson There is no link. Everybody is speculating (including me). But the rumours are that the Qatar bid of c£5b includes an investment in the club of about £0.8b, so it's not £5b plus investment, £5b is the total (£4.2b for the club + £0.8b investment).
Jim redcliff is beginning to piss me off.If the glazers remain , shut Old Trafford down! No more matches of any kind! The EPL can void our matches I don’t care,I can’t stand the glazers still owning this club for another season
Anyone know whether anything else was included in the bids? I remember from the second round there was talk of NFL games and investment opportunities in the Jassim bid
@@widgibob27 well he didn't say what Mike Keegan, who i respect, normally spot on, saying an hour ago, Sir Jim's bid is higher than Quatar, Ben knows sweet FA
International plastic says he's going to cry and support someone else. Oh no. Why don't you just "go" now, mate. You're hated about as much as the Glazers anyway.
@@Ryan-eq3kc hahahaha there isn't a SINGLE person here who would ever say, "I'm off". You're a liar, and a blatant international plastic. Lmao "80 years" 😂 Clown.
No one should be quick to dismiss what Ben is reporting. The facts are that nobody really knows what is going on behind the scenes. You can speculate all you want but if the Glazers do not sell because they did not get the price they want, no one should be surprised by a non sale. What we want means nothing in this process. They just don't care.
What worries me most about Qatari is that SJR seems like a smarter businessman. He understood that the Glazers are only interested in what they are left with after the sale. Qatari should have gone in with a bid of around £4.2b (69% of £6b), and bought all the shares of the Glazer family (69%), then in the long run they could buy out the rest of the shareholders at ease without the Glazers hanging around.
This much clearer than the way this is being covered on other United fan channels (I won't mention the names...😉)which are showing almost zero understanding of how business and finance works
I think the offer is 5bn pounds equity value so around 6bn enterprise value given the 1bn pound debt. PLEDGED INVESTMENT doesnt mean anything for the glazers since they are exiting
Thanks for your insight Ben. Theres an issue i still dont understand though. If JR were to take control and own 50% and the glazers kept 20%, if the club spent £2bn on players and revamping the stadium, would JR pay 50% of that and the glazers 20%? Given that the glazers havent actually spent any of their own money in the last 18 years, surely they wouldnt want to open their wallets now, but wouldnt JR expect them to? What would be his incentive to finance the whole of the £2bn and increase the value of the club when others would see their shares increase in value without contributing a penny? (obviously £2bn is just an example amount, depending on if the stadium is revamped or replaced, and on how many players are bought and sold to improve the squad)
If the Glazers stay, they are simply shareholders by but have zero control and zero responsibility. They essentially become the same as the rest of the 49%, and we never hear about them again.
The simple answer boils down to risk/reward. The Rat is happy to take that hit in order to win the bid. He isn’t bothered about the future risks, he’s simply looking at the reward of owning the club with a winning bid. In essence he’d sell his own mother to the Glazers to get that majority share. The problem for him is that he’s ignored what the fans want which is a clean slate with the Glazers gone for good. That makes him the new number 1 enemy and what we’re getting is a Glazer with a British passport and a Chelsea season ticket! 🐀🐀🐀🐀
Glazers have to sell. This is the best time they have to do it. If they refuse the fans are going to go into full protest mode which will push them to sell under hash hash conditions and any buyer will offer less
Ben does all this type of stuff for a living... I dont know how cause my head has been melted about the prospect of a sale since the first week it was announced..
@@Parky_1712 have you never seen a business acquisition take place lol. All you need is legal representatives from all parties and once there’s agreement, you formulate a contract.
unfortunately, Ben isn't accurate here...when a holder of a majority of shares agrees to sell their stake (in this case the glazer families 69%), the holders of the minority of shares (in this case about 26.2% on the NYSE) have no power to reject the offer.....they all vote and the majority wins (so by deafult if the glazers accept the minority holders have no choice but to accept )...so, if the glazers accept the offer, the whole of issued share cap gets sold including whats listed on the NEW YORK STOCK EXCHANGE. The reported £5.2 billion offer is for all the shares issued (Glazer family and NYSE shares) Using £5.2 Billion as the example, the Glazers would pocket £3.83 Billion Don't forget that when they listed on the NYSE, the Glazers took that money for the sale of shares, they didn't invest this into the club
Very good analysis. The Glazers can keep 10%, shut up and see how a club is properly runed. If the Glazers pull out now, no one will want to deal with them in future
So if good news comes, you will be religious? I don't think so, so I find it very annoying when things go bad, people pray to God. Then when things are better it goes back to God doesn't exist.
It would be fitting if after all this, they didn’t sell and just took some more loans or whatever. For those saying “they’re broke”, you have no idea. Greedy and delusional are a dangerous combination. Why would they come down in price? They don’t engage with the supporters. The sooner people come to the realization that this is going to be a long process and nobody is going to end up happy, the easier it is to move on with your life.
Cant believe he spent about 15 minutes explaiing that the bid figure may include pledge investment. Must have explained that point about 10 times, without being asked for clarification, just kept going around in circles.
Bad news. Very bad news. Jim Ratcliff has outbid Sheikh Jassims bid. This comes from the times... Either way Very good interview here and Ben Jacobs have calmed me down with what he said. Dont think United will be able to win the league again with Sir Jim in charge. But top 5 can be a thing. England is about to get a 5th champions league spot.
@@bashirali4120 I just love it when middle easterners who stone Jews and and enslave east Asians in the 21st century call others racist hahahaha. In the bin you go, you barbarian.
What happens if the fans abandon the club, not the team, but the club?! Where will the Glazers get profit if they decided not to sell? What if the fans did a budlight on the Glazers?
What would happen if the international plastic brigade boycotted us? There'd be celebrations, that is what would happen. You are not "the fans". We are the fans. You are parasites and need to be booted away along with the Glazers.
where'd he get his source from? they bid directly to glazers for them class b shares, so 5b for that.. why would even the glazers messing around the minority shares which not theirs.. not making sense at all
Qatar offered just over £5billion? £5billion is $6,287,245,000.00...... 6 Glazer Brothers would get their billion dollars each.......... BUT I have that feeling that the two Glazers will want to stay 🤬🤬🤬🤬🤬
Yet the 5 billion ISN'T for the Glazer's shares, it's a figure that would be what the 'value' of 100% of the club would be, and then the Glazer's get 69% of that for THEIR SHARES. So no, they don't 'get their billion dollars each'
When they floated on the NYSE in 2012 the Glazers retained 90% of shares. They've sold more shares since, the last time was in Oct 2021 when Edward & Kevin sold £140m of shares. They now "only" own 69% of shares between them but crucially they still have 96% of voting rights (Class B shares = 10 votes, Class A shares = 1 vote).
@@creepingbrain do they really own 69% of all outstanding shares? I think it's less... I'd really love to the deep side of this can you send in any financial filing source if you have this? SEC filings show they own less than 69% of the club.
@@Parky_1712 If SJR value 100% of the club for 5.4B (hypothethical number but higher than Qatar), then he will pay the glazer 2.2B (50% share) and SJR want full control.. Minority investment or consortium of minority investment can probably deliver almost similar ball park with SJR without the Glazer sacrificing control (thanks to B shares scheme) But honestly, we wont know how much minority investment will bid, because as ben mentioned, this can be explore by the Glazer if they are not satisfy with SJR or Qatar offers. But I am sure, SJR offers will be the bench mark if they want similar model with minority investment In other hand, Qatar value the club for 5B, where the glazer will get 3.45B (69%) straight away..
@Barry That explains nothing to be honest... Why on earth would any 'minority investor' give the Glazer's the amount of money we need (multiple of billions) and just leave them in control of what happens to it, and in turn, never really see any return on that investment?
I'm not sure I can look at the Glazers antics over the years and use the word `gamesmanship' to describe their antics. It has never been their money. The financial house that financed the deal were represented by one of their employees at the time, a certain individual by the name of Ed Woodward. That would be the self same Ed Woodward that was a prime mover in the, currently, defunct proposed ´super league`.The one entity that has not made money from the Glazers takeover is the club. And lets not forget that the fallout between the then majority shareholders John Magnier and J. P. McManus, and Alex Furguson over stud fees for a racehorse precipitated the sale to the Glazers. That sale was approved by the board, the same board that had failed in two previous attempts, that we know about, to sell the club. ALL OF THESE PEOPLE, FURGUSON INCLUDED, HAVE FAILED TO IDENTIFY THAT THE TRUE ´OWNERS` OF THE CLUB ARE THE FANS.
Glazers r greedy -if 5 billion is offered then y not stick around to see if Qatar won't pump in a bit more ? Glazers r the type who place bets against their own teams of odds r good & they make sure that the final team selection ensures mufc looses & they pocket a couple million quietly ! It's sad to see a sport built on pure passion go the way of just money money money. Watch the old BLK & white footage, hear the stories of how PPL wid go after a day's work to play for the club , then pop ova to the pub. Those where the days when clubs had a soul.
If Joel and Avram were to accept a lower bid, in order to maintain a minority interest solely for themselves, that would seem like perfect grounds for the other shareholders, whether the other siblings and/or those investors without voting rights, to sue.
Woodward paid way too much for every player, he couldn’t negotiate at all just look at his negotiations with the players over contract renewal’s (Phil Jones), Vidic said as much on Rio’s podcast
Sam is joined by journalist Ben Jacobs to discuss Sheikh Jassim's world record bid to buy Manchester United as well as Sir Jim Ratcliffe's INEOS submitting their final bid. Find out everything you need to know about the final bids, their structure and the week ahead where we will find out for certain whether the Glazers are going to sell Man United.
I’ve got a horrible feeling the Glazers won’t accept this and we’ll be stuck with the greedy pricks...🤔
@@davidfoley9817 same brother! I beg not ffs! ✊🏻
I acctually think they are to gready to not accept
Well other outlets is reporting that sir Jim won the bid or was chosen by the glazers
I love Ben’s insight but think he’s really off on glazernomics. Glazers spend when not in champions league and pull funds when in the champions league. It’s always just enough to float. They’re leaching scum. Exact same tactic with the malls in America they own. They sit on real estate til natural rise in value suits them to leave the haggered unkept property they neglected
This guy is great. Explains everything so well that we can understand what's going on
That 1950s radio voice is a tough one. That Sky journalist does that too. Weird.
Yes now a days I prefer listen to him mark he post things for sake need to but him always give great content
We can certainly get mixed up in the emotion that most UA-cam channels bring to the table, so it is nice to hear from journalists that try to keep us grounded in facts rather than emotion, although those two things naturally run together.
Thanks to Ben Jacob's for taking your invites for updates. Fingers and toes crossed the Glazers accept the Qataris offer. 🇶🇦🔰⚽️
No thanks
Looking at the world market, and banks collapsing in the US, I’m worried that Man Utd are owned by too many US investors right now.
Sheikh Jassim would be my choice!
If someone offers 5.6 billion then you would be stupid not to take it .
Well the Glazer$$ will milk it for a$ much as po$$ible
All they care about is getting as much money as they possibly can by drawing out the process as much as they believe it will benefit them
They are greedy though remember
@@StretfordEnder145 yes their greed has made them stupid
Them greedy scumbags with probably ask for 7
Ratcliffe just means more debt nothing changes.
Check facts 50% means debt wiped
@@gamerbeans7445 they could change the debt in an intrest free debt and not clear it at all
"If someone buys more than 50% of the shares of MUFC (which Ineos would be doing), the Club’s entire long-term debt will be cancelled (all banks would exercise their rights to cancel the outstanding low interest debt).
Hence, it is - guaranteed - that all our current debt, mostly to Merrill Lynch, Bank of America and other syndicate members, will be wiped out the minute the Glazer sells (or “immediately”, within 10 banking days and within 30 days respectively)."
United will be debt free with whoever takes over. Do some research before chatting nonsense
The debt will sit with the parent company, Ineos. However, the interest payments on all of that debt, plus administration costs, plus dividends, will be paid in full by MUFC. It's just Corporate creative accountancy. It's utterly meaningless and essentially means the club takes on ten times as much debt as under the Glazers. The principal will never be repaid and we stay indebted forever. The Ratcliffe option is a death knell for Manchester United.
@@ianworley8169 No, it really doesn't mean 'the club takes on ten times the debt' 🤦♂️🤦♂️🤦♂️🤦♂️
I'm actually so nervous now... really have no idea what will happen.
It's quite clear that Sheikh Jassim has offered the best offer of 5bn+ which includes paying off all debt aswell as putting far more funds up to invest in a new stadium, update Carrington plus significant investment in the squad which when u add it all up is a massive massive offer which could easily bypass 7-8bn. The best thing is that none of it will include the Glazers in any capacity. That's the key here. This decision is one of the biggest in our history. I just hope to god that the Glazers accept Sheikh Jassim's offer. They'll be fuckin insane not to.
You don't know any of that. Nobody does. IF as is being indicated the Qatar bid of c£5b includes the proposed investment of £0.8b in infrastructure, and/or includes wiping the debt, then the Qatar bid is way lower than the Ineos bid.
@@creepingbrain it will be higher cos it's debt, don't mean it's the best offer for the club
They all are guessing what offers have been made, this is all still 100% speculation. Its sources say click bait.
@@creepingbrain where have you been all this time? Qatar bid of 5bn will not include the debt payment. The debt will be cleared separately from the bid itself.
But greedy Glazers want more
What's in for Ben Jacobs? He's done an outstanding job so far in informing us on everything about the bid
It seems like he gets practice talking. Rubbish at the start, transformed into Karveh Solhekol towards the end
Ben "sources say" Jacobs? They are all just guessing for click bait.
@@robertblake1228 whar are you on about? He's done very well to explain the process
Deary me. Right tards on social media, aren't there. The guy made clear throughout that there was a lot of this detail which is under secrecy. He has literally just outlined the process throughout. That your IQ cannot compute this, isn't Ben Jacob's problem.
Sheikh jassim all the way!!!! 🇶🇦
Nope, let them buy a club in their own country. Their fucking sum.
They still got our Goolies in a vice.! I was positive Sheikh Jassim was gonna win, now I'm 50/50 and my stomach is in knots.
Don't like the Radcliffe bid with the glazers still involved , just want them gone completely 🇾🇪💯🇾🇪
@@davefarrell4347 Why do yoi care if they don't have any controlling rights. Grow up. What matters is a new owner and a new direction. Preferably not slave owners.
Our goolies are gona bust the vice
Such a cool and well documented guest!
Watched the whole thing from start to finish. Ben is class. And I also have been following you guys on Twitter for months, but hadn’t subbed on UA-cam yet. That changes today! GGMU 🔴
What has not been factored in is, right now Avram & Joel are the 2 power players in a sale. If Sir Jim buys out the other 4 and gets Avram & Joel to agree to have their class B shares turn into class A shares. Even if the club grows to the $10b club they predicted. Although their shares will be profitable, their share value would be worth a lot less as class A. So why would they have all that value tied up for 5-10 years for a few million more while their siblings are super rich. It would make no sense to me. Once the other siblings leave United their power has gone and their money value is decreased.
I bet Ben could take half an hour to add2+2 whilst explaining the possibilities,bye
He is better than the guy Sky Sports use. Sky Sport basically never say anything.
@@joneziie4814 You don't need a video or an 'expert' to know that the Glazers will choose what they believe is best for them and to hell with the club.If you think trying to second guess them is worth your time bash on !
I’ve watched every single one of these vids by Sam and Ben and have enjoyed them, your one of the few who doesn’t george
Sh Jasim should walk away if the leeches don’t accept their offer. Investment groups are going to put the debt on the club. Fans in America should protest outside the Glazers home and harass them without violence.
with violence come on glazers out
Sheikh Jasim's takeover is wanted and NO DEBT
wanted by the international plastics. We would prefer a Manchester boy owning us.
@@tooshlong english=mediocre. Always had
@@EastLondonRulez Hello parasite on benefits. Hope you're well.
9:27 Extremely important point that fans need to notice.
Jassim is a god sent
He really isn't he's just a very rich man who wants to own utd.
@@widgibob27 compared with Glazers and Ratcliffe, he is
@@lancerevo9747 he do for me oil us up glazers and sir rat out
today I am feeling qatari 🇶🇦 🇶🇦 🇶🇦
Thank you to Ben. Very insightful and straight to the point
its being quoted from 92 foundation that they have bid a world record fee for a club at over 5 billion, plus they have an EXTRA pot of cash for investment clearing debt and infrastructure, so all in all its over 7 billion bid... I cant see Ratcliffe competing
Link?
@@VillianRagnarsson There is no link. Everybody is speculating (including me). But the rumours are that the Qatar bid of c£5b includes an investment in the club of about £0.8b, so it's not £5b plus investment, £5b is the total (£4.2b for the club + £0.8b investment).
@@creepingbrain Rumours mean nothing. Let's wait and see
Jim redcliff is beginning to piss me off.If the glazers remain , shut Old Trafford down! No more matches of any kind! The EPL can void our matches I don’t care,I can’t stand the glazers still owning this club for another season
Anyone know whether anything else was included in the bids? I remember from the second round there was talk of NFL games and investment opportunities in the Jassim bid
They can't add the chance to play NFL games in Qatar into a bid for a Premier League football club
A football team (real football) isn’t a golden goose but a trophy asset in today’s business and sports landscape.
Been waiting for this show thanks Sam Ben jacobs knows his stuff👍🏻
He knows F A
@richy clubsport maybe so but I bet he knows more than you, me and the rest of us
@@widgibob27 well he didn't say what Mike Keegan, who i respect, normally spot on, saying an hour ago, Sir Jim's bid is higher than Quatar, Ben knows sweet FA
@richy clubsport again maybe so but I bet he knows more than you, me and the rest of us
Man.. if glazers stay I’m genuinely done. Like done done.
International plastic says he's going to cry and support someone else. Oh no. Why don't you just "go" now, mate. You're hated about as much as the Glazers anyway.
@@tooshlong So the fans who formed FC United are “International Plastics”? Just wanted to wheel out your crappy meaningless term, didn’t you.
@@tooshlong go and do one mate my family have supported united for over 80 years I’m more of a fan than you’ll ever be.
@@Ryan-eq3kc hahahaha there isn't a SINGLE person here who would ever say, "I'm off". You're a liar, and a blatant international plastic. Lmao "80 years" 😂 Clown.
Well you can go back to supporting Madrid and PSG.
No one should be quick to dismiss what Ben is reporting. The facts are that nobody really knows what is going on behind the scenes. You can speculate all you want but if the Glazers do not sell because they did not get the price they want, no one should be surprised by a non sale. What we want means nothing in this process. They just don't care.
What worries me most about Qatari is that SJR seems like a smarter businessman. He understood that the Glazers are only interested in what they are left with after the sale. Qatari should have gone in with a bid of around £4.2b (69% of £6b), and bought all the shares of the Glazer family (69%), then in the long run they could buy out the rest of the shareholders at ease without the Glazers hanging around.
No state ownership of my club. 🤞Ineos.
I was waiting for this one for sure. Time to dig in
Jeeze, the longer this goes on, it appears that the more complicated it gets
Welcome to the world of business
This much clearer than the way this is being covered on other United fan channels (I won't mention the names...😉)which are showing almost zero understanding of how business and finance works
Great video, Sam.
I am still looking for Ice Cube muttering the words, 'Good bye, Felicia Glazers,'
That hopefully is yet to come though.
The Glazers are officially gone. Here we go 😎
That's what I'd love to hear!
I think the offer is 5bn pounds equity value so around 6bn enterprise value given the 1bn pound debt. PLEDGED INVESTMENT doesnt mean anything for the glazers since they are exiting
Thanks for your insight Ben. Theres an issue i still dont understand though. If JR were to take control and own 50% and the glazers kept 20%, if the club spent £2bn on players and revamping the stadium, would JR pay 50% of that and the glazers 20%? Given that the glazers havent actually spent any of their own money in the last 18 years, surely they wouldnt want to open their wallets now, but wouldnt JR expect them to? What would be his incentive to finance the whole of the £2bn and increase the value of the club when others would see their shares increase in value without contributing a penny? (obviously £2bn is just an example amount, depending on if the stadium is revamped or replaced, and on how many players are bought and sold to improve the squad)
If the Glazers stay, they are simply shareholders by but have zero control and zero responsibility. They essentially become the same as the rest of the 49%, and we never hear about them again.
The simple answer boils down to risk/reward.
The Rat is happy to take that hit in order to win the bid. He isn’t bothered about the future risks, he’s simply looking at the reward of owning the club with a winning bid. In essence he’d sell his own mother to the Glazers to get that majority share. The problem for him is that he’s ignored what the fans want which is a clean slate with the Glazers gone for good. That makes him the new number 1 enemy and what we’re getting is a Glazer with a British passport and a Chelsea season ticket! 🐀🐀🐀🐀
Glazers have to sell. This is the best time they have to do it. If they refuse the fans are going to go into full protest mode which will push them to sell under hash hash conditions and any buyer will offer less
Great every time listening u and Ben
I like Ben’s take on the process - he is a good guy.
Ben does all this type of stuff for a living... I dont know how cause my head has been melted about the prospect of a sale since the first week it was announced..
Why not hold a meeting with the 2 preferred owners and negotiate face to face so you can close the deal much quicker
Because that's not how it works...
@@Parky_1712 have you never seen a business acquisition take place lol. All you need is legal representatives from all parties and once there’s agreement, you formulate a contract.
@@Onlyy_david Hence the rounds of bidding to get to that point...
Another great show, but am I listening to this wrong or dose it sound like Ben Jacobs is favouring the Jim Radcliffe bid,m
45:47 Just imagined Ben jacobs bashing his sword off his shield about to march into war
Kudos Ben!!!
1000 prcnt .
TQ ,Me MU thruuuu!!
unfortunately, Ben isn't accurate here...when a holder of a majority of shares agrees to sell their stake (in this case the glazer families 69%), the holders of the minority of shares (in this case about 26.2% on the NYSE) have no power to reject the offer.....they all vote and the majority wins (so by deafult if the glazers accept the minority holders have no choice but to accept )...so, if the glazers accept the offer, the whole of issued share cap gets sold including whats listed on the NEW YORK STOCK EXCHANGE.
The reported £5.2 billion offer is for all the shares issued (Glazer family and NYSE shares)
Using £5.2 Billion as the example, the Glazers would pocket £3.83 Billion
Don't forget that when they listed on the NYSE, the Glazers took that money for the sale of shares, they didn't invest this into the club
Let’s go get it done
Very good analysis. The Glazers can keep 10%, shut up and see how a club is properly runed. If the Glazers pull out now, no one will want to deal with them in future
2:02 Sam cracking the whip on Bens back. Lash it off the belly Sam
Im not a religious person but im praying for good news
Pray for some bitches
So if good news comes, you will be religious?
I don't think so, so I find it very annoying when things go bad, people pray to God. Then when things are better it goes back to God doesn't exist.
@@letsseetofindout2560 Atheism ftw
@@VillianRagnarsson But the funny thing is, when things go bad, they pray.
That means deep down they know there is a God!🤣
@@letsseetofindout2560 They're 🐑s.
The pledged investment according to James Ducker n Bloomberg isn’t part of the £5billion
Ben Jacobs works part time as a Christian Eriksen look-alike. Facts.
This guy has given me the most knowledgeable insight into this process I’ve heard to date. Where has he been all this time? 😂
This is probably the 8th time he has been on the channel! Where have you been? 😮
Tough job guys but as always ya Rocked it!! 🤙🏻
I'm so sick of these glazers man
Me too.
It would be fitting if after all this, they didn’t sell and just took some more loans or whatever.
For those saying “they’re broke”, you have no idea. Greedy and delusional are a dangerous combination.
Why would they come down in price? They don’t engage with the supporters.
The sooner people come to the realization that this is going to be a long process and nobody is going to end up happy, the easier it is to move on with your life.
Cant believe he spent about 15 minutes explaiing that the bid figure may include pledge investment. Must have explained that point about 10 times, without being asked for clarification, just kept going around in circles.
Jassim can take my 1000 shares on Monday morning if he wants😅.
Bad news. Very bad news. Jim Ratcliff has outbid Sheikh Jassims bid. This comes from the times... Either way Very good interview here and Ben Jacobs have calmed me down with what he said. Dont think United will be able to win the league again with Sir Jim in charge. But top 5 can be a thing. England is about to get a 5th champions league spot.
A Manchester boy who doesn't own slaves owning our club is very very good news actually.
@@tooshlongsubtle racism
@@bashirali4120 I just love it when middle easterners who stone Jews and and enslave east Asians in the 21st century call others racist hahahaha. In the bin you go, you barbarian.
Top Man Ben 👌💯👌
What happens if the fans abandon the club, not the team, but the club?! Where will the Glazers get profit if they decided not to sell? What if the fans did a budlight on the Glazers?
What would happen if the international plastic brigade boycotted us? There'd be celebrations, that is what would happen. You are not "the fans". We are the fans. You are parasites and need to be booted away along with the Glazers.
These guys look like brothers
Did anyone get anything of what Ben said? Coz I didn't tbh
I dont understand why they always talk in «one word sentences» whenever they talk about the sale of united.
Ben Jacobs looks as though he has a game of quidditch straight after this interview.
where'd he get his source from? they bid directly to glazers for them class b shares, so 5b for that.. why would even the glazers messing around the minority shares which not theirs.. not making sense at all
5.175b Sterling offered = (6.5 bil US Dollars)
Says who?????????
@@StretfordEnder145 Your mom
Jaysus, me head is spinning listening to this, lol.
The Washington Commanders in the NFL are reportedly being sold for $6 Billion, if this is a world record bid, it has to be at above $6 Billion 👀
It football not 🏉 the
It football not rugby
It football not 🏉 the
Glazers POV it’s 6 billion or nothing.
Qatar offered just over £5billion? £5billion is $6,287,245,000.00...... 6 Glazer Brothers would get their billion dollars each.......... BUT I have that feeling that the two Glazers will want to stay 🤬🤬🤬🤬🤬
Yet the 5 billion ISN'T for the Glazer's shares, it's a figure that would be what the 'value' of 100% of the club would be, and then the Glazer's get 69% of that for THEIR SHARES.
So no, they don't 'get their billion dollars each'
I feel if we get Sheikh Jassim squires us we are back
Slave owners being simped by barbarians. Nice.
If the Qatar bid of 5B includes the debt and investments, they’ve only bid like 3.5 then. That doesn’t seem accurate reporting at all
I can't lie, Ben's opinions are way off on this stream today. Total waffling i swear!
What you mean is
“ You don’t fucking know
No disrespect meant as I know that Ben is an expert but I’m left feeling more confused and less confident after all that🤔
Raclicf is a business man like glazers
Just to say, there is no Golden Goose. Rather a Goose which lays Golden eggs. I beg forgiveness.
I think Sam and Ben are twins, they were very much look alike. 😊
Anyone here can give the facts as to how the Glazers own 69%? Sec filings don’t seem to show that
They sold a bunch of shares with lesser voting rights
When they floated on the NYSE in 2012 the Glazers retained 90% of shares. They've sold more shares since, the last time was in Oct 2021 when Edward & Kevin sold £140m of shares. They now "only" own 69% of shares between them but crucially they still have 96% of voting rights (Class B shares = 10 votes, Class A shares = 1 vote).
@@creepingbrain do they really own 69% of all outstanding shares? I think it's less...
I'd really love to the deep side of this can you send in any financial filing source if you have this? SEC filings show they own less than 69% of the club.
They would get around 3.25 billion
Why Glazer want to downgrade their class B share when they can get similar offers with several minority investment?
How exactly do they get 'similar offers' with minority investment?
@@Parky_1712 If SJR value 100% of the club for 5.4B (hypothethical number but higher than Qatar), then he will pay the glazer 2.2B (50% share) and SJR want full control..
Minority investment or consortium of minority investment can probably deliver almost similar ball park with SJR without the Glazer sacrificing control (thanks to B shares scheme)
But honestly, we wont know how much minority investment will bid, because as ben mentioned, this can be explore by the Glazer if they are not satisfy with SJR or Qatar offers.
But I am sure, SJR offers will be the bench mark if they want similar model with minority investment
In other hand, Qatar value the club for 5B, where the glazer will get 3.45B (69%) straight away..
@Barry That explains nothing to be honest...
Why on earth would any 'minority investor' give the Glazer's the amount of money we need (multiple of billions) and just leave them in control of what happens to it, and in turn, never really see any return on that investment?
your expert talks too much, he needs to calm down and let you talk on your own show
I'm not sure I can look at the Glazers antics over the years and use the word `gamesmanship' to describe their antics. It has never been their money. The financial house that financed the deal were represented by one of their employees at the time, a certain individual by the name of Ed Woodward. That would be the self same Ed Woodward that was a prime mover in the, currently, defunct proposed ´super league`.The one entity that has not made money from the Glazers takeover is the club. And lets not forget that the fallout between the then majority shareholders John Magnier and J. P. McManus, and Alex Furguson over stud fees for a racehorse precipitated the sale to the Glazers. That sale was approved by the board, the same board that had failed in two previous attempts, that we know about, to sell the club. ALL OF THESE PEOPLE, FURGUSON INCLUDED, HAVE FAILED TO IDENTIFY THAT THE TRUE ´OWNERS` OF THE CLUB ARE THE FANS.
Who know whether the new owners will put forward for this super league any new owner could do it 😢
Shoutout to the Hufflepuff jumper Ben 😂
Is it true the glazers 🐀🐀🐀🐀🐀🐀 and sir 🐀 have won the bid ??
good video
Is this guy wearing a Hogwarts jumper?
The inside story with absolutely nobody from the inside to quote lol .
Glazers r greedy -if 5 billion is offered then y not stick around to see if Qatar won't pump in a bit more ? Glazers r the type who place bets against their own teams of odds r good & they make sure that the final team selection ensures mufc looses & they pocket a couple million quietly ! It's sad to see a sport built on pure passion go the way of just money money money. Watch the old BLK & white footage, hear the stories of how PPL wid go after a day's work to play for the club , then pop ova to the pub. Those where the days when clubs had a soul.
If Joel and Avram were to accept a lower bid, in order to maintain a minority interest solely for themselves, that would seem like perfect grounds for the other shareholders, whether the other siblings and/or those investors without voting rights, to sue.
Why exactly?
Sadly they wouldn’t have any grounds. The glazers stake in the club isn’t on the stock exchange and they can sell whatever they want.
Woodward paid way too much for every player, he couldn’t negotiate at all just look at his negotiations with the players over contract renewal’s (Phil Jones), Vidic said as much on Rio’s podcast
ben geezer looks like southgates bro
I think Sheik Jassim goes up to 6 billion final offer
non united fans dont get it simple this man doesn't quite get it
Sir Jim will be worsts than the glazers he had already provided that he is a traitor
If the owner of Ineos loved United, he would have taken it from Glazers long time ago. Please give it to the serious Qatari party.
Am I the only person that thinks Ben looks like Craig Dawson 😂
No... even Craig Dawson thought I looked like Craig Dawson. I also get Stephen Merchant and Christian Eriksen.
@@jacobsben with glasses I could see Steve merchant tbf
SirJim is just a glazer with a british passport.
Is my prayer sheikh wins the bid
Now ratcliffe is more likely to win the bidding. . .so sad