Y'all know what? If Glazer had come in and stated his ambition was to teach the Commie at Chelsea how to spend dough like a real Yankee, I bet not one Man U fan would be whining about it.
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No!!!!!!!!!!! Major Bad News!!! (6 Viewers)
- Thread starter Nicole
- Start date
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But no.
You cant do anything. Your only chance of making any nosie is if he keeps the comapny public, and then, there's still precious little you can do. A private company on the other hand is allowed to run itself as it pleases. And, once he delists the company and it goes private, the minority shareholders lose most of the protection of the law, and the law always frowns at stopping the majority shareholder(s) of a private company from doing what they want, unless they can show that the majority are trying to defraud the club or worse. Any decision taken in the ordinary course of business such as creating perpetual charges on company property (e.g leasing Old Trafford back to Manchester United) or increasing the costs of goods and services (e.g increased ticket prices) etc., will not be disturbed by any court. The only hope would be to create a deadlock on the board, but since it's going to be full of Glazer's hand-picked yes-men, I think it's safe to say that Supporters United is well and truly up the creek. Without a boat, much less a paddle.
Nice truths there, Oria. Well, and very comedically, said.
I know of one example of where the fans do own a club, and that's the Green Bay Packers in the NFL. But otherwise, the fans are mostly customers, really. All team supporters of virtually any team pretty much have to deal with that fact.
Unless Manu fans can cough up the money themselves to buy a majority of the public shares outright, they will remain little more than customers in that regard ... and are entitled to the rights of customers, but no more and no less.
I know of one example of where the fans do own a club, and that's the Green Bay Packers in the NFL. But otherwise, the fans are mostly customers, really. All team supporters of virtually any team pretty much have to deal with that fact.
Unless Manu fans can cough up the money themselves to buy a majority of the public shares outright, they will remain little more than customers in that regard ... and are entitled to the rights of customers, but no more and no less.
'United failure could cost Nike deal'
Manchester United have been warned by major sponsors Nike that a continued lack of success could cost them dear.
The sportswear manufacturers began a 13-year kit deal with the Red Devils in August 2002 worth up to £303million to the Old Trafford club.
However, it is reported that a get-out clause will allow Nike to decide in July next year whether to continue that agreement past the 2007-08 season.
And vice-president of sports marketing Ian Todd has admitted his company will be monitoring United's progress following their failure to win a trophy last season.
Todd told The Sunday Telegraph: 'We don't know what is going to happen next year. All options are open.
'Chelsea won the league this year, Arsenal won the FA Cup and Liverpool won the Champions League. So you could argue that Manchester United is only the fourth-best club in England at the moment.
'If, for example, Manchester United failed to qualify for the Champions League next season, that might be a problem. We will look very carefully at this situation, as we do with all our sponsorship agreements.'
Manchester United have been warned by major sponsors Nike that a continued lack of success could cost them dear.
The sportswear manufacturers began a 13-year kit deal with the Red Devils in August 2002 worth up to £303million to the Old Trafford club.
However, it is reported that a get-out clause will allow Nike to decide in July next year whether to continue that agreement past the 2007-08 season.
And vice-president of sports marketing Ian Todd has admitted his company will be monitoring United's progress following their failure to win a trophy last season.
Todd told The Sunday Telegraph: 'We don't know what is going to happen next year. All options are open.
'Chelsea won the league this year, Arsenal won the FA Cup and Liverpool won the Champions League. So you could argue that Manchester United is only the fourth-best club in England at the moment.
'If, for example, Manchester United failed to qualify for the Champions League next season, that might be a problem. We will look very carefully at this situation, as we do with all our sponsorship agreements.'
