Quote:
Originally Posted by Smores
He's right that leveraged buyouts should have been prevented but the negatives of such have always been overstated by those who can't comprehend. We'd all rather profiteering stayed away from football but as long as the owners keep the club's future financial secure then it's an evil I accept.
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Indeed. Hoeness completely fails to acknowledge the cost savings (corporation tax and dividends) that the Glazers ownership has brought the club together with the vast increases in matchday and particularly commercial revenues from Glazer inspired decision making. It's perfectly reasonable to state that the first team squad would not currently be of the same quality and strength had the PLC structure remained in place due to their 50% wage cap on significantly reduced turnover.