sglowrider
Thinks the caf is 'wokeish'.
Pretty much, my guess is that for PR reasons they will forgo or reduce dividends for a couple years and sell some shares which will give them more money anyway. Ultimately what they now take out of the club is peanuts in a financial sense. They might even reduce the debt (even if it makes no financial sense), but it's a nice PR move given the amount of people who believe united has a massive debt and that debt is holding back spending or investment.
My guess is selling shares every couple of years is what they were planning to do anyway, the chance that they would find one buyer to take over the club is difficult... we are too big to give new buyers a good return on investment.
The biggest problem was the LBO years ago and especially the first years after the purchase, since a lot of money was used to take care of the debt, but that isn't the case anymore. If someone buys the club now, we are guaranteed to be much worse off since they would like to have a return on investment too, we would basically be in the same situation as the first years with the Glazers. Or someone has to find a fan willing to waste a couple billion like, apparently, Arsenal.
This.