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- Jun 5, 2000
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All anonymous, so don't fret.
Most won't agree with this even though I think it's true.I voted 'Better than I thought they would be' - I was against the Glazer takeover but it happened and I feel that things have not been as bad as many people feared. Liverpool, Newcastle and Portsmouth have show just how bad things can get if the wrong guy is in charge.
Positives:
- Unprecedented onfield success (3 Premier Leagues and back to back CL Finals)
- Fergie has been backed in the transfer market and we have a strong squad
- They stay in the background and dont meddle with the football side
Negatives:
- Large debt
- Rising ticket prices
Feel free to add to this quick list ...
same as. things go in phases and we should be investing further in the clubs future not servicing the debt for some no mark ginger absentee landlordI voted get rid. I don't think they are looking past their ownership and although success wise they are are the nail, we can't sustain our position with this rising debt and alienation of the fans.
That's not really true.We've probably had our most successful spell with SAF with them in charge, probably coincidence, but one could argue that he's helped SAF focus on the football.
We've spent about half as much per season since they arrived or something like that.Most won't agree with this even though I think it's true.
The thing is as soon as they took over Chelsea came into prominence and stole our limelight. Through a series of good buys and the emergence of Ronaldo we got back our place as top dogs. Rather than them have an influence on transfers ala Abramovich they have let Fergie get on with it and it has paid dividends. When you look at the players that have come in under their tenure they have more or less re-built the team while retaining the quality that was already in place. Under them we have bough Evra, Vidic, Carrick, Foster, Van Der Sar, Park, Ronaldo, Hargreaves, Anderson, Nani, Tevez, Berbatov, Valenicia, etc. Bar Nani and possibly Hargreaves I think the transfer policy has been very good. In that respect I cannot fault them.The size of the debt and the amount of money needed to service that debt is what causes me anger towards them. Servicing that debt is probably the reason for the hike in ticket prices (and pies!!). I think the argument about the silverware won since they took over is irrelevent as the squad they bought were already a successful team with great foundations and youth setup in place - they haven't built anything, just kept it ticking over. As the whether or not they have given SAF all the backing in the transfer market, well I guess we'll never know as SAF is too professional a man to say (maybe in his retirement autobiography).
Oh, they did that? Was wondering who was going to take the credit.Well apart from 3 leagues, a Champions league and the Carling Cup.
See my above post they facilitated the transfers. Surely you cannot deny that. I hate the Glazers debt and ticket wise but I can't fault the money they have made available to Ferguson. It's the price to fans that those transfers have come at that riles me.Oh, they did that? Was wondering who was going to take the credit.
I can think of a few suspects.I do wonder who voted yes though.
Well I definitely think that Fergie has been backed in the transfer market whenever he wanted, but yes I am aware that some people do not agree.Most won't agree with this even though I think it's true.
If you take away the money we received for Ronaldo we've spent half as much in the transfer market in the equivalent time. If you include the Ronaldo money, it's about 20 times less. If you take into account the increased revenue they've made, the proportion of money 'they' have spent is even less.We've spent about half as much per season since they arrived or something like that.
I still see MUFC the club company as separate from their holding companies where all the debt is.
Come on manx, don't tell me you're surprised about the poll results.Kin hell...
Ralphie's gonna have a field day with you lot here..
Well that's ok then, as long as you think that. The banks to whom the Glazers owe the money unfortunately are under the impression that over £500m of the debt is secured against Manchester United Ltd. But if the worst comes to the worst, be sure to drop them a line, won't you?
Jesus H fecking christ.I voted better than I thought.
Almost anyone shareholder would have done the exact same as the Glazers have.
SAF has been allowed to get on with doing the job and compared to many many other premiership owners we are blessed.
To me the debt isn't an issue at the moment because I still see MUFC the club company as separate from their holding companies where all the debt is.
MUFC is doing very well as a company and I think what its owners do with the profits is up to them. It is there profits, so whether they repay debt or buy yachts is irrelevant to me.
As you note, so far the debt has been successfully managed in line with the original Glazer business plan. There is a worry about what might happen in the future but I am hopeful that the situation is stable.I'd be much happier if we could hear some positive news on the debt.
So we've not bought anyone then eben though I have listed almost a full team.What's all this 'money they have made available' bollocks?
There's no evidence of this. Even the yanks at scouseland haven't rocketed the ticket prices and I think it's fair to say the demand is there. Huge debts seem to be something the Americans seem fond of and no surprise that's where the sub prime debt problem originated that led to this recession. You look at world debt and the East and West couldn't be more different. It's also the reason why HSBC have been virtually unaffected by the recession.Almost anyone shareholder would have done the exact same as the Glazers have.
As you note, so far the debt has been successfully managed in line with the original Glazer business plan. There is a worry about what might happen in the future but I am hopeful that the situation is stable.
The next 12 months will be interesting as I believe a first chunk of debt needs to be redeemed or refinanced by next August. So this will be a good indication of where we are at.
I think that is senior debt you are talking about - a portion of the PIK comes up in August 2010 as far as I know.I think's it's 2013 if I remember correctly. If more people take on the Glazer model god knows what ill become of football.