The point is that the club needs massive capital injection. I don’t see how Ineos will have the deep pocket to fund that without a leverage.
Both bidders have comitted to that. Regardless of cash injection though, the club would be totally self sustainable if the current owners weren't taking millions of pounds out of it every year.
The Ineos bid is for £1.5bn to acquire a 25% holding of executive shares (shares that offer voting rights and executive influence). It is being rumoured that the Ineos bid also includes sole execuitive power on operational football matters, player transfers in particular. If true, it's a good outcome for ETH, but a bad result as far as stadium upgrades/repairs/replacement is concerned as the funds for that simply won't be available. Hopefully Ineos will be planning long-term, buying ever increasing shareholdings each year.
Sir Jim has paid big money to make sure you enjoy a bright future. Patience is needed... trust the process.
I tend agree with this. There's a load of doom and gloom about it not being an oil state with limitless money, but I fail to see how Ratcliffe would spend one and a half billion to oversee further deterioration. It has to be the beginning of something. If it's true that he wants to oversee the football club side of things, that's a good start. The stadium needs looking at but I don't see why we need a completely new one, we need the existing one refurbished. That will cost big money, but not as much as completely rebuilding and moving. All this bollocks that they need new training facilities is exactly that, bollocks. What the **** do they need to train on that's not already there and can be developed? That can wait, the team and stadium are the priorities.
I'm sure in the end it'll be great for the club once he owns it and probably before. Oil money is great but surely his enough.
The irony of this is that Ineos is actually oil money too. I just thought of this one. I’m quite original, I must say! Haha One a serious note, I think understanding how capital works and flows globally will allow us to be less dismissive of it. Think of Chelsea, it’s always been oil money even now. Oil is easily the biggest creator of wealth on earth yet everyone is dismissive of it because we like to think that some capital is cleaner than another. When in reality capital itself has no soul.
It tells all that you really need to know. The news is completely immaterial as far as the club is concerned. It’s a massive win for the Glazers, yet again! Worst part is that they probably won’t even use the money to pay off the debt and fix the infrastructure.
Unlikely to be any actual improvement in the club's financial performance until material improvements are made to OT and match-day revenues increase. Token payments for possible success in footballing terms - ie, CL are unlikely to have any impact, in which case it would take a year or more for Ineos to acquire a majority share holding before any meaningful changes can take place. The club that Glazers value at £6m is now valued at $3.26b by the markets - if indeed he has withdrawn, the sheik must be pissing himself laughing.
I think it's time to get behind the owners and the club lads.. all this revolting cases you more pain.
Supporters should strictly stop spending starting with tickets, stop attending matches until it is resolved. Given majority of fans want this, even if just 50% boycott match days, they will start to get the message. Until then, protests are inconvenience primarily to the supporters. It is not impacting the Glazers. Boycotting that is sustained will get their serious attention that they will lose unless they leave.
There is a lot more pain to come than this - trust me. All Ineos have done is put £!.5bn directly into the pockets of the Glazers, they owned the shares and Ineos have bought them, not a penny of that money goes into the club coffers. Ineos' return on their investment (share dividend) won't be enough to do anything of any significance and that means more borrowing by Ineos, more debt loaded onto the club.
Unity in the fanbase is such a powerful thing and you need that back. It's the only thing you can control.
This is spot on from my perspective. Ineos Group is in the business of making money. But more importantly, being accountable on how money is spent. Not necessarily a bad thing, but I think the club needs direct un-leveraged cash injection for the modernization. I don’t know if Ineos Group will be able to provide that.
