Deery
Dreary
- Joined
- May 21, 2019
- Messages
- 18,590
Yeah need to be paying off more debt..Dividends are not the problem. The debt servicing is.
Yeah need to be paying off more debt..Dividends are not the problem. The debt servicing is.
Even if they could get the funds, they have no intention of doing so. They have spent fifteen years paying huge interest on loans taken out in the club's name. They are not going to change that now. They want to own the club without using their own money. Their model is parasitical.Yes they can, even if they can not do so from their own liquid assets then they can easily either transfer it to a holding company in their name or secure a bond or bonds in that amount based without using Man Utd as collateral. They could do this in less than a fortnight if they were so inclined.
We spend more on dividends each year than debt don’t we? Plus I think they all give themselves annual consultancy salaries.Dividends are not the problem. The debt servicing is.
It will be the P.R. company they use.I seriously wonder who really is the author of this letter ?
I'll support this if you can use your influence on the board to hire me as Phelan's replacement. I want to be Ole's new buddy traveling around and give our players a pat on the shoulder.Give Old Trafford a huge renovation
Makes plans to develop the grounds outside Old Trafford
Give fan representation on the board (preferably me)
Sign: Rice, Haaland, me, Sancho, extend Pogba to a non-monster contract
Hire: Eric Cantona to do the Stadium speaking during matches, Graeme Souness as Paul Pogbas personal masseuse
Donate: 2021 annual dividends to local charities spread out in the greater Manchester area
Do that and you can stay
You are correct.Even if they could get the funds, they have no intention of doing so. They have spent fifteen years paying huge interest on loans taken out in the club's name. They are not going to change that now. They want to own the club without using their own money. Their model is parasitical.
Hmm I am not sure, the stock value would obviously increase by a significant margin if they cleared all the debt. Whether it would increase by the degree of what they would have to spend would be above my head.Wouldn't the easiest thing for them to do would be to fully refloat it, sell all the shares, and walk off with the massive windfall? Rather than to find that 1 person on consortium with a spare £3 billion +?
If they did that it would be a huge start at leastGoing to have to spend big in the transfer market now and do up the stadium.
To me that would be a papering over the cracks. As long as the debt is their and we don't have the right CEO and people on the board the future of this club will be very rocky.If they did that it would be a huge start at least
The least they can do, they’re actually in a good position with the team and squad being so good atm one marquee signing would probably even be enough..If they did that it would be a huge start at least
Honestly you can't expect us to clear the debt and properly renovate Old Trafford. With the state it's in it's going to take a massive sum to renovate. Agree with most of the rest. More protests should and likely will follow if they don't back up their words with actions. A good start would be appointing a football oriented successor to Woodward.
I know people hate Goldbridge but his points in this are spot on.
If we pretend for a minute that the Glazers do care and they do believe they have invested properly in this club then priority number one is getting a football based CEO and team etc.
The Glazers allowed Woodward and Judge and Arnold to throw money away for 8 years now. It's criminal ownership.
So basically if they want to show they care
1. Revamp who runs the club. Get VDS or a CEO at another successful club.
2. Let go all of Woodwards College and JP Morgan buddies.
3. Start clearing the debt once and for all.
4. Back Ole properly this summer.
5. Starting renovating the stadium.
6. Suspend dividends atleast until we are successful again.
If they aren't doing around 4 of the things mentioned then the letter is is only a lie.
Fantastic postAm really not sure what people expected?
Yes, these are just words – actions are what matter. But they have outlined what they will commit to do. If they fail to do so, then they should expect more protests.
But it is mindless to protest towards them taking notice, and then choosing to ignore any response from them because they see it as 'pure PR guff', whilst patting themselves on the back for seeing through it.
I am still yet to see a realistic proposal of who could replace them. People seem to want someone who is prepared to spend £4b of their own money and then not take a penny from the club.
For those who proudly state that they would be happy to see us relegated if it meant seeing the back of the Glazers, I have a few issues with this. Firstly, I do not see how boycotting sponsors because we do not like our owners would make us an attractive proposition for any future potential sponsor. People say that sponsors will come flocking back...but that is nothing more than a hope and a guess. Secondly, there is absolutely no certainty that the next buyer will be any better. and lastly, and absolutely not leastly, if we were to get relegated, what do people think would happen to many of the people employed by the club? People behind the scenes who have worked at Manchester United for years, decades even? I know a number of these people and it is naive to think that all these roles will be maintained if we are relegated. I know the response will be 'but we will bounce right back', but we will suffer an absolutely huge loss of income and this ill have to be met somehow.
I love United, and have done for over 30 years. But I have bigger, more real concerns in my life than who owns Manchester United Football Club. I have not been able to see my kids since August last year because of COVID. My mother was diagnosed with stage 4 cancer this year. I agree that a leveraged buy-out of the cub should not have been allowed. But we are where we are. And we are here because we went public as a company. Ever since then, we became open to investors.
And, there is no guarantee that the next investor will be someone who can afford to spend the sum required to buy us without wanting a return on their investment – whilst be happy handing off all running of the club that they own to someone else. If people know of such a person, then fantastic. But in the absence of such knowledge, I feel that this outreach from the Glazers is one that should be both met, and made clear that they will be held accountable to their words.
One big signing would not be enough after last summer.The least they can do, they’re actually in a good position with the team and squad being so good atm one marquee signing would probably even be enough..
I was thinking more of Kane, Haaland or Mbappe..One big signing would not be enough after last summer.
Need something like Rice Sancho and Pogba staying to make any real statement of intent
Thank you – I appreciate itFantastic post
.You are correct.
What I responded to was you saying that they couldn't do it, not that they won't do it.
Oh then yeah probably hahah. That would probably shut people up. I wouldn't trust them one bit but it would be a good PR stunt by them.I was thinking more of Kane, Haaland or Mbappe..
I could live with reasonable dividends once all those points were fixed.That’s pretty reasonable tbf, but I think they’ll keep taking out dividends maybe not at such a high rate though.
What were you hoping for???Who thought that that statement was better than no statement at all? Struggling to understand how they think that will appease people and calm things down.
It wasn't.Fantastic post
Yes, because that helps the team.That's the Leicester game getting called off then.
Nice rebuttal.It wasn't.
I hate to pin you down on this but it is quite an important detail..
Obviously, we don't know what their financial situation is, but they have nothing like the money owners of some other clubs have. I suspect they can't buy the club from their own pockets and spend big at the same time. Anyway, they would never do it either way.
This is bigger than the team and 3pts. Jesus wept.Yes, because that helps the team.
This is exactly like the Nazis, you are correct.This is bigger than the team and 3pts. Jesus wept.
With your attitude of 'well they can't be stopped' Hitler would have walked all over our Army in WWII.
Grow a back bone.