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mjs020294

      Hall of Famer
Posts : 2187
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« #4 : May 07, 2007, 09:37:37 AM »
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All that crying, **CENSORED**ing, whining and moaning from Manchester United fans seems to have been without merit. I wonder if they will admit they were wrong.
The small minority that protested are hardcore and don’t like the club being owned by anyone, especially an American. The Glazer take over was, and still is, a very suspect purchase in terms of financing. They didn’t buy Man United with their money, it is 85%-90% financed. That is a very risky plan with a sports club like Man United because revenues can be greatly affected by success on the field. In the past the profits were filtered into dividends, but that was at the discretion of the directors. Now the profits are financing the huge loans the Glazers have burdened the club with. If they hit a few bad years of form it could potentially push them into receivership, so I can understand the distrust and hatred for the Glazers. I would have preferred it if Man United was bought with cash and de-listed, then they could truly leverage its on field revenue.
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