Right on! All these Manure fans telling us it's bad for football and calling for fan solidarity isn't fooling me, they and their club can go to hell!
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No!!!!!!!!!!! Major Bad News!!! (7 Viewers)
- Thread starter Nicole
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It's time to abandon tribal sentiment. Glazer's takeover of Man U isn't just bad for the club, it's bad for football period. He's prepared to buy Man U for 1.5 billion pounds. That would be all well and good, but the only problem is that he's not using his own money. He's borrowing the money!! This means that the club is going to be in debt from the first day of his administration. And the only way to raise money for him is to increase ticket prices, and that means fewer fans, and an emptier stadium.
The fans have threatened a boycott, but I fear that just like at Wimbledon, it wont stop the takeover, but may ultimately destroy Man U as a football club. As an Arsenal fan, I enjoy seeing the Mancs take a whipping on the field
, but there is always respect for their achievements on that same field. I cannot feel any joy at what appears to be the division of our fiercest rivals on the chopping block. All Man U fans who oppose this pirate Glazer have my 400% support.
The fans have threatened a boycott, but I fear that just like at Wimbledon, it wont stop the takeover, but may ultimately destroy Man U as a football club. As an Arsenal fan, I enjoy seeing the Mancs take a whipping on the field
, but there is always respect for their achievements on that same field. I cannot feel any joy at what appears to be the division of our fiercest rivals on the chopping block. All Man U fans who oppose this pirate Glazer have my 400% support.
++ [ originally posted by madlawyer1 ] ++
It's time to abandon tribal sentiment. Glazer's takeover of Man U isn't just bad for the club, it's bad for football period. He's prepared to buy Man U for 1.5 billion pounds. That would be all well and good, but the only problem is that he's not using his own money. He's borrowing the money!! This means that the club is going to be in debt from the first day of his administration. And the only way to raise money for him is to increase ticket prices, and that means fewer fans, and an emptier stadium.
The fans have threatened a boycott, but I fear that just like at Wimbledon, it wont stop the takeover, but may ultimately destroy Man U as a football club. As an Arsenal fan, I enjoy seeing the Mancs take a whipping on the field, but there is always respect for their achievements on that same field. I cannot feel any joy at what appears to be the division of our fiercest rivals on the chopping block. All Man U fans who oppose this pirate Glazer have my 400% support.
It's time to abandon tribal sentiment. Glazer's takeover of Man U isn't just bad for the club, it's bad for football period. He's prepared to buy Man U for 1.5 billion pounds. That would be all well and good, but the only problem is that he's not using his own money. He's borrowing the money!! This means that the club is going to be in debt from the first day of his administration. And the only way to raise money for him is to increase ticket prices, and that means fewer fans, and an emptier stadium.
The fans have threatened a boycott, but I fear that just like at Wimbledon, it wont stop the takeover, but may ultimately destroy Man U as a football club. As an Arsenal fan, I enjoy seeing the Mancs take a whipping on the field
, but there is always respect for their achievements on that same field. I cannot feel any joy at what appears to be the division of our fiercest rivals on the chopping block. All Man U fans who oppose this pirate Glazer have my 400% support.
Leveraged buyouts happen all the time in business, and they don't equate with disaster. I don't see that connection still. Business loans are commonplace at all levels of market capitalization - from home business to corporations. And I can't think of a single growing company that hasn't carried bonds or some other kind of debt. They show up on the 10k balance sheet every year. So I don't see that as cause for alarm.
In essence, to me, it looks like a lot of people have it out against Glazer on other reasons and they are grasping for excuses to justify it. Maybe because he's from the U.S. , he doesn't have a soccer pedigree, and people resent outsiders coming in to meddle with their affairs. Fair enough - that's a reasonable argument. But if that what it is, I only wish people would call it by what it is and not try to play armchair financial analyst.
If, for example, that is the main objection, then that would explain why the reactions are so emotional and based on only the flimsiest of financial logic. Because using the "outsider" rationalization doesn't really hold much weight as a legitimate argument, when you hold it up to the light.
People who have hardly 1.000 quid to their name and watch a lot of football on TV suddenly become masters of bond markets and leveraged buyouts. I don't get it.
In essence, to me, it looks like a lot of people have it out against Glazer on other reasons and they are grasping for excuses to justify it. Maybe because he's from the U.S. , he doesn't have a soccer pedigree, and people resent outsiders coming in to meddle with their affairs. Fair enough - that's a reasonable argument. But if that what it is, I only wish people would call it by what it is and not try to play armchair financial analyst.
If, for example, that is the main objection, then that would explain why the reactions are so emotional and based on only the flimsiest of financial logic. Because using the "outsider" rationalization doesn't really hold much weight as a legitimate argument, when you hold it up to the light.
People who have hardly 1.000 quid to their name and watch a lot of football on TV suddenly become masters of bond markets and leveraged buyouts. I don't get it.
Fans react angrily to takeover
May 12, 2005
World Soccer
Manchester United fans have reacted angrily at the news that US tycoon Malcolm Glazer has launched a formal takeover bid for the club.
Glazer now owns a 57% share of the club after buying the 28.7% stake of Irish racing tycoons JP MacManus and John Magnier.
Nick Towle, chairman of fans' pressure group, Shareholders United, said there could be a mass exodus of supporters if the takeover proceded.
"I am very sad - I still love the club but I refuse to put a penny into the company," he told the BBC. "And I believe as many as 20,000 fans may also leave Man Utd."
Oliver Houston, vice chairman of Shareholders United, told BBC Five Live that Glazer is "no Roman Abramovich".
"He's not turning up with a suitcase full of his own cash.
"He is, in effect, asking Manchester United fans to pay for his takeover, to pay for increased ticket prices and increased merchandising."
Shareholders United, which represents 17% of the club's stockholders, is desperately trying to prevent Glazer owning 75% of the club - a level which would mean that he effectively owned the club.
But Towle admitted: "It's looking like an uphill battle for us."
LOL
May 12, 2005
World Soccer
Manchester United fans have reacted angrily at the news that US tycoon Malcolm Glazer has launched a formal takeover bid for the club.
Glazer now owns a 57% share of the club after buying the 28.7% stake of Irish racing tycoons JP MacManus and John Magnier.
Nick Towle, chairman of fans' pressure group, Shareholders United, said there could be a mass exodus of supporters if the takeover proceded.
"I am very sad - I still love the club but I refuse to put a penny into the company," he told the BBC. "And I believe as many as 20,000 fans may also leave Man Utd."
Oliver Houston, vice chairman of Shareholders United, told BBC Five Live that Glazer is "no Roman Abramovich".
"He's not turning up with a suitcase full of his own cash.
"He is, in effect, asking Manchester United fans to pay for his takeover, to pay for increased ticket prices and increased merchandising."
Shareholders United, which represents 17% of the club's stockholders, is desperately trying to prevent Glazer owning 75% of the club - a level which would mean that he effectively owned the club.
But Towle admitted: "It's looking like an uphill battle for us."
LOL
Leveraged buyouts and hostile takeovers are facts of everyday biz. Some companies have been known to commit suicide rather than be taken in. Others have swallowed what we call "poison pills" which are "reforms" so damaging that even if the takeover occurs, the company either dies soon after or becomes so unmanageable that the new owners have to pull out. It is only a company in serious financial trouble that doesn't resist a takeover with all it's might. The problem is that unlike Roman Abramovich who is playing benvolent Godfather to Chelsea, Glazer has no such plans to bring in top players and compete for honours at the highest level. His plan is to recoup his investment period. As was rightly pointed out on Soccernet, should Glazer get up to 75% of Man U, he'll be able to force all his debts on the club. That means, Man U will become Glazer's balancing book. So, a couple hunnerd mil here, another hunnerd mil there, and soon Man U is in the red. Literally.
I resent the notion that just cos the majority of people are not so massively wealthy, they cannot express their gut feelings about things like this. I watch all my football on TV. Does that make me ineligible to discuss football? I dont own stocks. Does that make me ineligble to have a bank account? I dont own a car company. Does that deprive me of the right to drive a car? Would you also say that bcos the majority of people dont have the millions to bankroll candidates in elections they should be denied the right to vote?
This isn't about bond markets and leveraged buyouts. It's about football, a game we all love. Not American football, which is actually rugby, but real football. If Glazer was trying to buy a mere company, we'd all wish him well. No. This is about football and what a guy like him will do to the game we all love. He coulda come down from Mars for all I care. Chelsea fans were overjoyed when Roman showed up. There is no Man U fan who's comfortable about this Glazer deal.
MUFC could become MUSC. What the hell?!!!!!
This isn't about bond markets and leveraged buyouts. It's about football, a game we all love. Not American football, which is actually rugby, but real football. If Glazer was trying to buy a mere company, we'd all wish him well. No. This is about football and what a guy like him will do to the game we all love. He coulda come down from Mars for all I care. Chelsea fans were overjoyed when Roman showed up. There is no Man U fan who's comfortable about this Glazer deal.
MUFC could become MUSC. What the hell?!!!!!
