Posts Tagged → Qatar
Qatar have again and again and again and again been linked with taking over United and I get loads of questions about it, so here is it explained.
There are three Qatari groups currently involved and linked in European Football.
1. Qatar Investment Authority (This is the sovereign wealth fund, the one in charge of investing any extra oil and gas revenue which comes into the country. This is ran by the Prime Minister of Qatar)
2. Qatar Holdings (Qatar Holdings is a direct subsidiary of the Qatar Investment Authority, therefore it is owned and run by the same people in the QIA)
3. Qatar Foundation (This a priviate non profit organisation which is run by the prime minsters wife, not himself, if he has any involvement I’ve not seen it yet. There seem to be no links to the Qatar Investment Authority)
As you can see the differences between the two main organisations currently involved are only small but are likely enough to allow them to have two involvement’s within European Football. The Qatar Foundation currently sponsors Barcelona and the Qatar Investment Authority/Qatar Holdings own 70% of PSG. If the Foundation being a non-profit organisation allows them by default to sponsor Barcelona, am not completely sure but this could also be the case. The Qatar Investment Authority is the one which holds the £10 Billions in funds to be invested in different areas of business and this is the one linked with United. While they own 70% of PSG, they CANNOT take over United. UEFA rules state one group or person cannot have two involvements in European football. Unless another member of the Royal Family steps up and is linked with a takeover, my view as has been over the last few weeks, is that this is a no go and the idea should be dropped.
Alot of people say the Green & Gold is dead and nothing is happening. For me, that’s very far from the real story. This is a waiting game but there are a number of things going on in the back ground. This ranges from now until summer and we should hear news on them. First there is the case of where the missing £249m came from, to pay Glazers debt off. Andersred as ever always has he eye cast out and there is always the likely hood that could pop up again. There are also rumours of a takeover by Qatar but that’s nothing more than rumours. Until it happens we won’t know a thing. If nothing more comes by the summer months there is still hope.
This next piece is in black and white. This will happen. As I type the Government are reviewing football. Its not rumoured or made up. It is happening. They don’t like Manchester United’s debt or the culture of the Premier League. They want to sort it out. By May this year the Government will have completed its review of how to deal with football ownership and football governance. The proposals will be published during May on Football Governance and hopefully through the FA, they will start putting through the changes needed so we and many others can take a stake in their club. They know the problems and hopefully they’ll be robust.
In this blog am going to cover a Qatar takeover and United in general. First up is the team and squad its self. I commented before Villa how United might be running into abit of form. Now against Villa it was lacking but since then apart from that battering against West Ham United, we have been unbeatable. There are kinks in the armour, so we shouldn’t forget that. Talksport were having a Thursday night discussion about Fergies comments on the future of our best goal keeper for along time. Edwin Van Der Sar. We’d all love for a young keeper from within the club to come in and take the number one shirt. That sadly isn’t going to happen. In such an important position we need to pick a keeper who has been solid for another side for a good number of seasons. He needs to be 6 foot plus, calm and have experience. Ferguson has to go shopping and hopefully he will do.
In the League United have done very well 20 games played 44 points. It was only the weather holding us back, or Chelsea’s lack of form. The Chelsea game was something that annoyed many fans as other games went ahead. Despite all the snow/ice we had in Manchester, City of all teams had no problems getting their games on. I’d call it a conspiracy, playing bad, lots of games one after the other, lets use the weather. You could say the same about one or two other games that weekend. With two games in hand on City and a game on Arsenal we could have been on 50 points and 8 points clear of City and 15 clear of Chelsea only at the midseason point. Theres no reason to say we wouldn’t have beaten both Blackpool and Chelsea to achieve that.
With a win over Liverpool in the cup, United are in a prime position. Arsenal and City both have midweek games in the FA Cup 3rd round which means when we come to play Spurs on Sunday, in-terms of that weekend it could be an advantage. We only play Southampton in the cup, so I won’t mind see those two games go against them. An Everton win and we could see a clean sweep of early PL exits before the end of the 4th round.
Manchester City are again splashing out and this leads to the Qatar. I come up with a quiet simple way that for starters I’d be happy for them or anyone else to take over. The Club has a problem of the Glazers. They put, take, lie and generally act like retards. If they cared about the club, they’d talk to the fans instead of treating us like idiots. We pay for tickets and are therefore as they say ‘we are the customers.’ First rule of customer service. The customer is always right no matter how daft it sounds. They don’t treat it like that. Even after protests and even the government telling them theres a problem. Still nothing. So what’s this I’d be happy for someone else to take over? Firstly its not just letting someone take over the club. For me to be happy a number of things have to happen. I don’t want the new ‘owners’ to carry everything out. They should leave the footballing side to the footballing people as they have done with Fergie. I’d accept new owners and a takeover, if it was done in conjunction with the fans. The biggest problem we have is lack of communication between us and the owners. The only thing the pointless ‘fans forum’ created was a note from Fergie asking not to call Wenger names. We have bigger problems than that. A deal done in conjunction with the fans would look like this. It doesn’t matter if its the red knights or Qatar. The new owners take over the club, get rid of the debt, allow certain fan groups back into the club. This can straight away allow IMUSA’s work and past deals on tickets to be put back in place. Possibly put in a process to insert not just one but a number of fans forward as directors on the board. One thing which could be very important is a deal for the fans to buy part of the club from the new owners. One it fully seals the fans into the club and two if Qatar ever want to pull out, we as fans have a say who comes in. We could even buy the club if after 20-30 years it came to selling. All of these are important issues to me and all can be put in place during a takeover. It benefits the fans and the new owners. MUST have said a similar sort of thing. Any new owner would be daft not to listen.
You can follow me on twitter @wewantglazerout
Now the press have finally dropped the World Cup issue for now, I look at it in a very different way. Some may say the Russia and Qatar bids were all about money and you might be right or wrong. I go for right. What ever the question is that doesn’t really matter and England has its own problems to sort out. First off public transport if Cameron is going to promote that as one of Englands big benefit above other countries. The Germans for example have a vastly better organised transport system than we will ever have. The 2022 World Cup bid by Qatar was as serious as any other bid, unbelievable to win or not. With big more already spent one or two stadiums and with the British construction company Arup having already developed the brand new air conditioning technology for the stadiums what is very clear is it was a credible bid. Am sure many of the construction projects will involve British firms and we developed the technology for their bid to be serious. The Qatar winning 2022 bid could be blamed our British know how and knowledge. A number of us Brits will end up over there working building the stadia or other projects which go with it so its not all bad.
If you think the 2022 bid was bad, you should have seen hosts for the 2011 Asia cup bids. It included Iran, India and Qatar. No South Korean or Japanese bids as many people might expect. Also alot of the teams consist of teams like North Korea, Iraq, Iran, Jordan and Syria. States considered by the Americans as Terror states who are their with football teams. You don’t hear Asia screaming out over countries in their bid so many the press have over reacted. Qatar also won the Asia Cup bid by some way and although on a smaller scale, it should how what we can expect. Maybe we English shouldn’t have written Qatar off as a mad choice. A country saying it will be build all new stadiums, spending big money before its won any bid and they easily won the Asia Cup bid. I’d say on the face of it that’s more effort than England would have put in. I know we already have the stadiums but was the Government going to fund expansions of many other grounds or was it down to the clubs themselves to fund this. Clearly in Qatar this won’t be a problem, over here will the UK Government fund a new stadium in Liverpool or Birmingham? No, they won’t. We’d end up what we have now plus one or two improvements if the clubs choose to fund the development with possible part funding by the government. This can no way be compared to what the Russians and Qatar can put forward. So on the subject of Qatar, they are unknown but they are going to host two major footballing tournaments over the next 12 years.
Tournaments aren’t the only areas they have aimed at. Last year Manchester United played and trained there, for which Qatar paid United for. They have in the last week paid Barcelona for their first proper shirt sponsorship deal ever and as ever with Middle Eastern countries next they must have buying a European club on their agenda. Its unlikely they could ever buy a German or Spanish club. That leaves Italian football and English football as two main areas where Qatar may choose to invest in European football, such as Abu Dhabi did with Manchester City. With big money spent on two football bids, a huge sponsorship deal with Barcelona what is next?
It doesn’t take a rocket scientist to work out Qatar buying Manchester United is a possible option. With them reportedly ready to spend £41 Billion on the World Cup which lasts one summer, the country paying £1 Billion or £2 Billion or even £3 Billion for Manchester United which is a very valuable asset, must look like an easy choice for them. A cash cow machine in top European football and with this PIK debt being paid off either via a 3rd party member such as Qatar or replaced with new debt. Both for the Glazers are win win options. They can say to Qatar ‘you can buy United for £1.5 Billion’ and that shouldn’t bother them one bit. Of course they will wait until the correct moment but when the club is sold it will happen fast and take everyone by surprise.
You can follow me on twitter.com and my twitter name is @wewantglazerout