Toe In The Water

Northerner 🔴⚪️⚫️ "All men are cremated equal" (Spike Milligan).

Grey, not bald.

[Toe In The Water @ToeInTheWater1]

The GLAZERS and MANCHESTER UNITED…17 threads. An interpretation of events covering:
- £1.4 billion transfer spend
- tax avoidance (not illegal)
- "disintegration of Old Trafford"
- the 2013 squad
- 2nd biggest debt in Europe
- sale of 52m shares for $814m
- exec pay; and more👇

[Toe In The Water @ToeInTheWater1]

@afneil It's their job protecting CASD that is the concern

[Songpinganq @songpinganq]

@MarioNawfal Meanwhile Chinese government already deployed humanoid police robot in the streets, called T-800..the same name as in the movies 'The Terminators'.

[Bloomberg @business]

Manchester United is looking at tapping the private placement market to refinance $425 million of debt due next year https://t.co/WkUWev7dQE

[💟Ole IS Right, Esq. @Ole_is_right]

This part of the agreement operates slightly strangely. So I wanna clear it up a bit. That way, everyone is working on the same page.

To do so, let's look at the exact contract language, and simply call the parties "INEOS" and the "Bastards" (the glazers). I am also going to remove some parentheticals, to make it easy for everyone to read. Otherwise, there will be no changes from me. The goal is that you can read the contract without a layer of legalese, and form your own opinions. If it's in italics, it's from the contract. If not, it's from me.

"Prior to making, or agreeing to make any Transfer of Class B Ordinary Shares (or marketing such Transfer), the Bastards must provide a written notice to INEOS, which shall state the specified number of Class B Ordinary Shares proposed to be Transferred"

Follow? If the Bastards wanna sell, or even market a sale, they gotta tell INEOS how many shares they wish sell. Next:

"INEOS shall have the right to provide the Bastards with written notice that it (a) wishes to acquire all (but not some only) of the Offered Shares at a price per share specified by INEOS or (b) does not wish to acquire the Offered Shares"

So, after the Bastards say "we wanna sell," INEOS gets to provide them with the first offer; or say that they don't want to buy. It's their choice. The Cunts state the amount of shares to be sold; but INEOS states the price.

"The Bastards shall provide INEOS with written notice that it (a) agrees to the terms or (b) rejects the terms."

Easy enough. If the parties agree on terms, they enter into a contract, and INEOS gets the shares.

But, if the parties don't agree on terms: "the Bastards may sell the Offered Shares to a purchaser at a per share price not less than the price offered by INEOS"

So, the price that INEOS offered earlier, becomes the floor. The Bastards can't accept an offer which is below that.

[Toe In The Water @ToeInTheWater1]

@SwedishRumble You won’t be surprised to hear that they borrowed a significant proportion of the $270 million as well. Around the time of the acquisition they were mortgaging a significant number of their shopping malls in the US. Their actual stake in cash terms was less than $100m

[War Monitor Clips @WarMonitorClips]

Man dodges arrows in shootout between tribes, Papua New Guinea 2025

[Dave Norris @Davenorr55David]

@barneyrednews Or 449 Reds and a Barnsley fan like me. If a Yorkshireman is prepared to spend money subscribing it must be good 😀

[Toe In The Water @ToeInTheWater1]

@gregorypcordell much tighter/active cash management under Roger Bell, which is good. Revolver had become hardcore, but it's swinging with Utd's lumpy cash flows- as it should. Summer transfer payments will see revolver drawn down again.

[The Mill @ManchesterMill]

Stop looking for Burnhamism - in six years, I’ve never found.

Watching the mayor up close in Manchester, I’ve seen his unusual gifts and glaring weaknesses. Would he make a good prime minister?

Our weekend read - by @joshi

https://t.co/pUnDQNVMkG

[Jon Silver @InvisibleMapper]

Manchester(ism)

Our data driven report showed how Manchester Council entered a partnership w/ Abu Dhabi + enabled public land + income to be off-shored at great reputational cost

See here
https://t.co/0XEkWnVxA6

[Davey Boy @DaveyBoy_1974]

@liamgallagher

[Cheeses Of Nazareth @OhCheesesChrist]

"Your tickets are secure, are you f**king sure"

​Despite Manchester United’s assurances that digital NFC tickets are fully secure, a major flaw in the @SeatGeek ticketing platform leaves supporters highly vulnerable to unauthorised access. By knowing a fan's Supporter ID and just their surname or postcode, anyone can unauthorisedly view, download, and use their tickets without the owners knowledge.

This has already resulted in legitimate ticket holders being turned away at both home and away matches because their tickets had already been scanned.

​The issue was deliberately kept quiet during the season to minimise disruption, but with the Premier League aiming for fully digital tickets next season, it must be prioritised over the summer. The risk is exacerbated by a club culture where fans have widely shared their Supporter IDs for ticket-forwarding purposes, and instances where Manchester United emails have inadvertently exposed this information. The author urges @SeatGeek and the club to implement a secure, user-led authorizlsation process rather than relying on flawed off-the-shelf solutions.

​To read more click here: https://t.co/exJIFmqQMC

Please repost, this is important for all clubs now digital ticket is the future, not just #MUFC

[Michael Crick @MichaelLCrick]

Manchester City, the BBC says, haven't yet sold their 6,000 home allocation of tickets for tonight's FA Youth Cup final against United. United. City said the final had to be switched to their titchy 7,000-seat training ground because main stadium has construction work - yeah!

[Toe In The Water @ToeInTheWater1]

@arghkid not sure we need Luke Shaw involved in a world cup in any capacity

[Ministry of Defence 🇬🇧 @DefenceHQ]

Strap in: Follow one of our paratroopers from @16AirAssltBCT jumping in to Tristan da Cunha – one of the world’s most remote communities – to deliver vital medical support 🪂

[Toe In The Water @ToeInTheWater1]

@ScottUnited77 good point

[Toe In The Water @ToeInTheWater1]

Fergie being booed at the Etihad today. So many childhoods ruined. It's a beautiful thing

[Toe In The Water @ToeInTheWater1]

@RyanR2021 CLODS. Centre Lane Owner Drivers.

Makes me seethe

[Toe In The Water @ToeInTheWater1]

@RDPHistory using suppressed Sterling L34A1, recently bought from UK!

[Toe In The Water @ToeInTheWater1]

Truths

[Cjh @cjhhhh21]

I hate Man Utd as much as anyone but I can't believe people are questioning why Tonali would want to go there, a miles bigger club than us, CL football, building a class team slowly but surely and bigger wages, let's not be stupid now