Originally Posted by Ole'sbodyguard
I've asked this question myself since May 2005, hoping it was a reliable get out.
I am no financial wizard, but they'd need someone to underwrite it first, and from what has been muted on refloating they'd be hard-pressed to find somebody who'd do that at an acceptable price.
It'd be far easier for them to offload the club to some rich multi-billionaire in a single transaction.
They had a significant holding in the first place, they wouldn't necessarily have to offload the lot would they? It was just a stupid idea in the first place though. I can't see that the value of the club has dropped very significantly, as the income stream is quite stable, in fact probably better now than it was. Also, I'm sure that many disgruntled United fans would lap up the chance to get the club into fan ownership. They should be able to recoup most of their money.