Does anyone really think Glazer's debt burden is unimportant and not at least potentially a financial house of cards?
The problem as I see it is that whoever eventually buys the club, barring an oil rich Sheik perhaps, will have to carry a debt burden as high or higher. It has still to be explained to me how any normal buyer, Red Knights included were going to buy the club, service the debt, transfer 25% ownership to the fans (was the idea to see this 25% to the fans over a long period or?), do something about ticket prices and transfer funds without having an equally precarious debt load (or probably even worse in terms of gross debt)?
No point getting rid of the Glazers if the alternative is little/no better or worse.
Anyone know how the Red Knights were planning to fund the buy out and run the club? Specifically I mean?
The problem as I see it is that whoever eventually buys the club, barring an oil rich Sheik perhaps, will have to carry a debt burden as high or higher. It has still to be explained to me how any normal buyer, Red Knights included were going to buy the club, service the debt, transfer 25% ownership to the fans (was the idea to see this 25% to the fans over a long period or?), do something about ticket prices and transfer funds without having an equally precarious debt load (or probably even worse in terms of gross debt)?
No point getting rid of the Glazers if the alternative is little/no better or worse.
Anyone know how the Red Knights were planning to fund the buy out and run the club? Specifically I mean?