Tuesday, January 12, 2010

The Glazers, found out, at last

MUST call on the leeches to go, appropriate choice of words now time has been had to go through the small print.
http://www.telegraph.co.uk/sport/football/leagues/premierleague/manutd/6968991/Manchester-United-Supporters-Trust-label-owners-of-Old-Trafford-club-leeches.html
http://www.dailymail.co.uk/sport/football/article-1242452/We-rid-Glazer-leeches--Manchester-United-fans-lash-debt-ridden-owners-unveil-500m-bonds-scheme.html
http://www.independent.co.uk/sport/football/premier-league/glazer-critics-slam-manchester-united-interest-bill-1864727.html

David Conn describes how the Glazers and their brother leeches in arms have been using United as a personal bank
http://www.guardian.co.uk/football/blog/2010/jan/12/manchester-united-glazers-debt
The Telegraph specualte how much they could take out in the future
http://www.telegraph.co.uk/sport/football/leagues/premierleague/manutd/6969666/Manchester-United-owners-take-23m-out-of-club.html
scum

There doesn't seem to be a single analyst who can see the bond working in the long term. That is, nobody thinks this will illiminate the debt, we will either be sold or have yet another refinancing package to alleviate the debt burden either 3 or 7 years hence. 7 years of not competing for the top trophies must mean we will get took over by the banks if they can't break even after all the success of last year and the sale of Ronaldo.
http://www.timesonline.co.uk/tol/sport/football/premier_league/manchester_united/article6984255.ece
http://www.guardian.co.uk/football/2010/jan/12/manchester-united-finances-glazer-family
http://www.guardian.co.uk/football/2010/jan/11/manchester-united-bond-debts

United too big to fail cliche trotted out again, why? was Enron or Lehman brothers both of whom put United in the shade.
http://www.bbc.co.uk/blogs/mattslater/2010/01/fergies_bond_is_a_bind_for_eve.html

£75 million supposedly for transfers, the last paragraph
http://www.timesonline.co.uk/tol/sport/football/article6984328.ece

Ferguson comes under scrutiny
http://www.timesonline.co.uk/tol/sport/columnists/matt_dickinson/article6984366.ece
http://www.telegraph.co.uk/sport/football/leagues/premierleague/6969452/Sir-Alex-Ferguson-cant-make-a-silk-purse-from-patchwork-Manchester-United-side.html
A great football manager who knows zilch about money as the rock of gibraltar fiasco showed ( i don't like mentioning the incident that allowed these chancers the chance to get into the club ) i wish he would stop saying what such great owners they are. He could always just say that's David Gill's department, no comment.

The rumours over rooney's future at the club resurface, not just in the press, on the messageboards too.
http://www.thesun.co.uk/sol/homepage/sport/football/2804004/So-Roo-will-be-next-to-go.html
If this all pans out according to the Glazers plan he will either be sold this season or next to pay off the debt, or he will want to leave as he sees a club that doesn't match his ambition. If it was the latter case i for one would not blame him.

Meanwhile one of the players that will need replacing over the next two seasons makes a welcome return to the training camp.
http://www.guardian.co.uk/football/2010/jan/11/edwin-van-der-sar-manchester-united

I didn't watch City last night as on such a terrible day in the history of United they were bound to win, Tevez getting a hatrick just twisted the knife a bit more. But this really sums up where we are going as a club.
http://www.guardian.co.uk/football/2010/jan/11/manchester-city-partnership-sporting-lisbon




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