Re: It's not our club anymore!! F*ck Glazier!! MUFC RIP 2005
For those of you who dont study business and dont know whats going on, heres the situation.
Glazer right now owns 74.8% of the shares. Once he gets 75% he will get control of United but that doesnt mean that he can do whatever he wants. But he can however make big decisions on the board for example sacking Sir Alex. At this point, he could make his offer of £780million for the club which if the board approve, they would recommend to the remaining shareholders to sell their shares to Glazer. But if Glazer buys them himself, he can make a hostile takeover. Either way, once he takes over, Glazer will take Man Utd off the stock market and privatise the company which means that ONLY he owns it and now no one can buy shares in the company ever again (well not ever again but thats not relavent). So basically, the fans (the shareholders) used to own the club but now one man does and he would have the power to do what he wants cuz he's the boss.
Some of my mates asked me why is this bad and I'm sure some of you might be thinking the same thing. Glazer has "promised" an EXTRA £20million transfer budget thats guaranteed for each season which does sound pretty nice since we would get enough from that. He also says that he'll keep all the current staff like the Chief Executive David Gill, Sir Alex, etc all stay so no one worries about sacking.
The bad news is that first of all, all of his debt can be transfered onto the club meaning that we'll be in debt of about £500million. Although that sounds HUGE, for a club of our size, we can manage to pay that over the years. But that means Glazer is gonna have to raise money. One way is to sell some star players. He knows selling guys like Ruud and Rio would get him quite a bit of money. Another way is to rename Old Trafford by selling the rights to a sponsor just like how Bolton have the Reebok Stadium. That wouldnt be too popular with the fans.
Another way is to raise ticket prices and people in the US say he likes doing that.
Now imagine what our team would look like in a few years if our star players were sold, and then players like Giggs, Keane, Scholes retired, and Old Trafford was called something like the Vodafone Stadium, and our stadium were empty during games cuz no one could afford to watch.
Get ready! We're about to stoop as low as the teams in the bottom half of the Premiership.
But dont worry. We got through the tragedy of the Munich air crash and we'll get through this tough time just like we did then. C'mon United.
