13-05-2005 08:46									#31
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Here's hoping he does an "Enron". I'd love to see the scum's faces if that happened.

Biggest gloatfest in history.

	13-05-2005 08:47									#32
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And United fans have nothing to say in response really. They are either livid or depressed.

I know you are heartless, Aggie, but its hard not to feel sorry for 'em right now.

	13-05-2005 08:50									#33
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Imran, you obviously hate football if you feel sorry for the scum.

	13-05-2005 08:51									#34
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Agathon, you obvious hate football if you'd wish something as horrid as Malcolm Glazer on ANYONE .

	13-05-2005 10:06									#35
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USA! USA! USA! USA! USA!

	13-05-2005 13:24									#36
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quote: Originally posted by Spiffor Wait, let me get this straight. The guy uses his dominant position in ManU to force the company to borrow for his needs? And once he reaches sufficient control, he'll force ManU to pay back the debt that he started for his personal needs?

Funny how a rich man's world works hey.

	13-05-2005 14:07									#37
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this can only be bad news for united, the backlash from this is going to be incredible.

	13-05-2005 14:18									#38
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First the Taliban. Then Saddam. Now Man U. Wow, America sure is sticking it to evil around the world these days...

	13-05-2005 14:52									#39
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if the numbers are right then Man U will soon have £300/400m of debt, annual interest on that for £25m and a yearly profit* of £25m. Hmm not that good! What a pity for all those scumchester fans!

*Last year's profit I believe was heavily influenced by buying Rooney ( £30m? ) and others, so any reduced transfer budget would be one quick way to improve that profit for Glazer...

	13-05-2005 15:33									#40
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quote: Originally posted by JohnT quote: Kind of. Glazer is borrowing from banks to try to purchase the club (so not borrowing from the club.. yet, read on). Once he gets to 75% owner, he can take it off the stock market and run it as a non-market company, which means he can transfer his debt to the company. So he does ends up borrowing from the club, with the goal of getting enough shares that he can take the club off the stock market and use it as his fiefdom. Sounds like a leveraged buyout, British style. Nothing new there.

Exactly.

The fans are for some reason surprised/shocked, that's exactly what can happen with a PLC, it's on the market so people can buy them if they want.

Ironically it's ManU's strong financial/debt free position that makes this possible.

	13-05-2005 21:54									#41
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Should be interesting to see whether he'll introduce taped organ music during play breaks.

	14-05-2005 04:38									#42
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quote: Originally posted by Imran Siddiqui Agathon, you obvious hate football if you'd wish something as horrid as Malcolm Glazer on ANYONE .

OK, Imran... I was gonna keep silent on this one, but now you've just gone over the edge with your blatantly obvious anti-Tampa Bay bias.

Seriously, though... while I can't speak ill of Glazer for getting the Buccaneers out of the dark ages, I sincerely hope that he's not so consumed by this as to forget what brought him to the national stage...

	14-05-2005 05:04									#43
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http://en.wikipedia.org/wiki/Malcolm_Glazer

	14-05-2005 05:13									#44
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quote: Finally, on 12 May 2005, he reached an agreement with shareholders J. P. McManus and John Magnier to purchase their 28.7% stake in the team, giving him a controlling stake with just under 57% of the team's shares. Just hours later, Glazer had bought a further 8% stake taking his total ownership to 70%.

	14-05-2005 05:16									#45
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It's the new math.

	14-05-2005 05:19									#46
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Attachment: glazerhaha.png
This has been downloaded 79 time(s).

	14-05-2005 05:22									#47
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You know though... if he shows up to Cardiff for the FA Cup Final, I fear for his life by some crazed ManU fan.

	14-05-2005 05:32									#48
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Now that's just slander.

	14-05-2005 05:38									#49
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It's also true .

	14-05-2005 06:27									#50
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on anybody who quotes Wiki as a reliable cite.

	14-05-2005 06:50									#51
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quote: Originally posted by alva Funny how a rich man's world works hey.

And people wonder why I am a socialist

	14-05-2005 06:53									#52
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Oh, and how does your favorite side run?

What is your favorite side? I'm sure if you came to the Soccer thread, we could discuss Ligue 1

	14-05-2005 07:07									#53
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What can I say.. that takes cojones.. I mean.. I would never try to mess with ANY Euro soccer team like that. I'd get killed. Some of the fans are pretty.. extreme.

	14-05-2005 07:48									#54
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And it gets worse...

UEFA is attempting at coming up with rules that require clubs to qualify for CL and UEFA Cup it must be financially viable (it doesn't want economic basketcases). ManU, under the proposed financial viability rules, would NOT qualify. There is a chance that ManU would not be able to participate in Europe with a $1 billion debt!

These proposed rules come into effect starting in the 2007-08 season and ManU will still likely have a huge debt. Without CL money, it'll be that much harder to reduce the debt.

	14-05-2005 12:40									#55
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quote: Originally posted by Imran Siddiqui Oh, and how does your favorite side run? What is your favorite side? I'm sure if you came to the Soccer thread, we could discuss Ligue 1

Well, if I was interested in football, I'd come to the threads (I'm mildly interested in competitions featuring the national teams, and completely uninterested in ordinary football - I have a soft spot for Guingamp though )

	14-05-2005 13:11									#56
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Why are we listening to the Manure fans complaining? They were quite willing to enjoy the benefits of being swamped with money in the last 13 years or so. It is no accident that Manchester United''s rise to the top of the English game coincided with the vast injection of capital into the game with the formation of the Premier League.

They've lapped it up like fat pigs and helped contribute to the ruin of second and third division (or whatever they are called now) football in England. Man United fans complaining about money ruining the sport should be pilloried as hypocrites.

I'd love it if Glazer bankrupted them and they fell down the leagues. I bet almost none of their "fans" would follow them.

	14-05-2005 15:38									#57
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quote: I'd love it if Glazer bankrupted them and they fell down the leagues. I bet almost none of their "fans" would follow them.

I hope Glazier loses everything on this deal. Merchandising does not work if there are no fans, so we will have to wait and see what the foreign fans think of the takeover...

	14-05-2005 17:42									#58
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Man U fans have been burning effigies of Glazier, and ripping up their season passes.

"some thing this man dosen't seem to understand is that a football club is its fans, so we'll take our club somewhere else and start again" - a ManU football fan on bbc news yesterday.

From the Glazier PR "Both Malcolm and his son have long been huge fans of Manchester United, and wish to assure fans that they will do great things for the club".



"Money can't buy you love"(sings beatles song)

EDIT: and a link on the latest info:

http://news.bbc.co.uk/1/hi/business/4546491.stm

Last edited by child of Thor on 14-05-2005 at 20:10

	15-05-2005 00:57									#59
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hey, did you hear the one about the manchester united club shop, angry fans smashed all the windows, they've had to call in a glazier...



(thank you - i'm here all week)

	15-05-2005 02:03									#60
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The latest rumors is that Sir Alex may be gone after the FA Cup because he strongly objected to Glazier's control. He feels the debt will prevent him from working on the transfer market. If he's gone... for ManU fans.