fat maradona wrote: ↑3 months ago
JoelfuckingGlazer wrote: ↑3 months ago
JoelfuckingGlazer wrote: ↑3 months ago
I'll be delighted if we get Baleba - he's an outstanding player, perfect for us.
As for the money, it could be that we have outgoing deals lined up. Or I wonder if Ineos are planning something 'sneaky', like selling ourselves the women's team like others have done (which is bizarre to me), or sponsoring the newly refurbished training ground - but we're holding off announcing anything until after the window shuts to strengthen our negotiating position.
Thinking further on this, something is brewing. I’m sure of it. It could just be that we’re advancing some of next years budget to accelerate the rebuild and in so doing, accelerate the route back to bigger revenues. Could be just that, and it would make sense - our latest quarterly numbers show that the cost cutting measures have had a huge impact - more so than they thought. So our PSR position is much better than it was. Cash is still an issue, but if we can secure decent payment terms we have a fair amount of wriggle room. And maybe we’re taking a calculated risk that we can spend now, and balance the books later.
But I think it’s something else, for 2 reasons. 1) Later this month the drag along rights kick in, and its a tipping point for some of the ownership dynamics. Maybe there’s an ownership change brewing….? 2) Linked to point 1. Maybe there’s fresh investment. I know the club were very busy pitching for new investment in the US tour. Largely linked to the stadium, but let’s be honest - no one’s spending £4b on a stadium unless the team gets fixed.
Something is brewing, I can feel it. It won’t be revealed until after the window closes, but I think something is afoot….
I'm sure I read something recently about Ineos buying more equity and becoming majority shareholder. A stipulation of the transaction might be that the Glazers take deferred loan notes and so the investment is retained within the company. That's just me speculating but where else is the money coming from? I know we have increased our overdraft (probably secured by Ineos) which will give us more liquidity now.
It's worth checking but I think the drag along rights are active now, certainly this year, meaning the Glazers can sell more shares but Ratcliffe has first dibs.
If the Glazers were gonna sell to another group surely Ratcliffe wouldn't be arsed about the club. But given that Ineos are still running the show suggests he's going to be around in the future. So maybe they're working on a full sale
Equally I can see them staying put cos if Ineos turn the club around, it's gonna be worth a lot more. But then the Glazers might want a price that reflects that 'inevitable' success now.