The existential problem for United is what it has been for the last 18 years, the Glazers.
I can see his point. I totally disagree with state backed clubs. But there needs to be regulation against it for all clubs. Just like there should've been regulation against what the Glazers did, I believe there is now, but too late for us.
Oh, I think daddy is certainly wealthy enough himself. fecker owns a $300m yacht for example.
Totally.
No, no. That wasn't fine either. It has since been regulated against so it can't happen again.
Completely agree, what the glazers did to buy our club in the first place was criminal. We could have gone under years ago.
Of course not it makes no sense, wealthy people don't spend their money like that.
Wealthy enough to drop £8-10 billion of his own cash on a vanity project for 1 of his 15 children?
I don't believe that rule has actually been put in place yet.
OPM is the operative term. Other People's Money.
He will not borrow with interest, he is a QIB board member and works through Islamic banking. That means if he is to borrow the money from the bank it will be with 0% interest, but instead the bank will own a share in the club. QIB owns assets of about 47B, they will be selling some assets or they already did to make money available for their purchase of united.
And some would say that this goes back even further than the Glazers to the Edwards family who were the ones who decided to cash in by floating the club on the London Stock Exchange back in the 90s
There is no way he has £6bn lying around to spunk on purchasing United. Not in a month of Sundays.
Has ownership not changed several times since we were founded, before we were ever listed on the stock exchange? The Edwards could have just sold directly to the Glazers if they had waited long enough, so I'm not sure the float made much difference in that respect. Only asking, it's not my subject.
The boy who lived, come to buy
If that is some sort of Pinocchio reference I'm worried. Actually I'm worried anyway, it's a hard life being a football fan.
Pretty much. Why people keep posting this hacks opinions I’ll never know. Utterly irrelevant.
I have a mate who is a young journalist and Miguel has gone out of his way to offer tips and support over time. No reason to do so other than having empathy. A number of fans may disagree with this article but ‘bellend’ he most certainly is not
Yes there have been a few owners but the Edwards family were the first to see the club as a business and take profit from it. Martin Edwards tried and failed several times to sell the club before opting for floatation. Imagine that Michael Knighton had a deal agreed at £20m in 1989 - today we are talking about £5-6bn!Has ownership not changed several times since we were founded, before we were ever listed on the stock exchange? The Edwards could have just sold directly to the Glazers if they had waited long enough, so I'm not sure the float made much difference in that respect. Only asking, it's not my subject.
@Fluctuation0161 is right, the press can bog off trying to make out it's a United problem, more rules are needed, but needed for everyone, not just us.
We know Miguel, you've said it all before.
Let the ad hominem arguments begin….
Where have you been the last few pages?
Pretty much this especially the bolded. All this tap dancing around the point is exhausting.
People wouldn’t do that man, be nice.
Watched it and his nothing to do with what I asked. I don't understand why there is this much song and dance for a simple question. If you don't or can't answer it that's fine too.
Replied before scrolling through.Where have you been the last few pages?
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You lost me there. Didn't even bother to read the rest.
I hope not either, it’d be a sign that we’re not planning signings with the manager anymore
Oh the irony.
Two posters are already dancing around this point. I 100% believe it will be state-backed. I was trying to sift through the mental gymnastics, but I realized it was a losing battle.
Not sure the Edwards were the first to take profit, I think a lot of people have made profit from a lot of clubs over history. Could be wrong about us though. Now of course most of the prem are owned by people who want to make money out of them, mostly foreigners, although at least it amuses me that the likes of Liverpool fans don't even know it.
Because the club would carry a state owned stench if it succeeds.
Same here. Agree with his point, but I'm not going to pretend that it was all ok when city and newcastle did it, but now that it's united it's a problem and it must be stopped.
