Or it could be the fact that the short term football goals of the club are irrelevant to the investors. United being an attractive brand is as much built into out history and global reach. Liverpool proved you can go many years without winning a league and still remain a globally supported club and so remain an attractive investment opportunity.
Liverpool went very close to bankruptcy just 10 years ago, mind you.
There is no evidence whatsoever that the Glazers are happy with us just making top-4 or dont caring about the performance footballing-wise. That is such a myth.
If anything their investment in transfers and costs for wages over the last 3-4 years suggests the opposite. That the money has not been optimally spent is something different.
If anything the Glazers original business plan was based on to leverage the brand recognition of United to what it could be. Since we kept on winning under Sir Alex they could do that without any particular investment.
The Glazers main purpose with United is to make money. Dont anyone think differently. As all owners. Except the sportwashing state owned clubs.
Its a myth and a false narrative that the Glazers are just looking to bleed the club for money in cashflow though. To take out dividends is not where the money is for them. Or to get income from the CL.
The money is in keeping increasing the value of United as a club and a company and thus increase the value of their shareholding until they finally sell. Which will not be anytime soon, there is still so much potential in Asia, the Middle East and the US. As well is in Africa in the future.
The money they can take out in dividends are peanuts in comparison. Even the money from participation in the CL is peanuts. Its all about share value for them.
And they will not increase the share value of United that with United performing as we have done the last couple of years. Not at the pace that they want at least.
Of course, we will do OK with our current brand value but they are missing out on the upside of us fighting for the CL every year and claiming PL-titles and increasing our brand recognition plentifold every year. Which will increase sponsorhips, partnerships.
Its not enough to be top-4 for what they want from a value-perspective longterm. It demands success.
Anyone thinking that they dont understand this is naive.
And its supported by the investment that has been made into transfer fees and wages the last couple of years. If you say that the Glazers has not spent enough the last 4 years to enable us to be somewhere else than we are today you dont know what you are talking about.
Our problem really is not the Glazers and our financials. Its to spend the money more effectively. There is more than enough of it being supplied.