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phnuff
12th May 2005, 16:08
US sports tycoon Malcolm Glazer has won control of Manchester United in a £790m ($1.47bn) takeover bid.
The American has secured the 28.7% stake owned by Irish racing tycoons JP MacManus and John Magnier, giving him almost 57% of the Premiership club.

Red Football Ltd, acting on behalf of Mr Glazer, said the Irishmen had sold their stakes for 300p a share.

Club fans have vehemently opposed Mr Glazer's ambition all along and fear that ticket prices will soar.

The bid comes five days ahead of the 17 May deadline when Mr Glazer had to make known whether he planned to bid.

'Aggressive'

If he gets 75% plus one share, United could be delisted from the stock exchange and Mr Glazer could transfer his debt onto the club.

TIMELINE OF A TAKEOVER
March 2003 - Glazer buys 2.9% stake in club
March 2004 - Glazer says he has "no current intention" of making a bid
June 2004 - Glazer's stake in club nears 20%
October 2004 - United confirms bid approach from Glazer, as his stake nears 30%
November 2004 - Glazer ousts three directors from United's board
December 2004 -Glazer makes revised bid
February 2005 - Glazer makes new bid approach, valuing United at £800m, the club later opens its books to the tycoon
14 April 2005 - Glazer moots £800m bid for club
28 April 2005 - Takeover Panel sets 17 May deadline for Glazer to announce whether he intends to buy United
12 May 2005 - Glazer launches formal takeover bid for United after upping his stake in the club to almost 57%

If he can get 90% plus one share, he can make a compulsory purchase and scoop up the other 10% of the club's shares.

United's shares rose 34.25p, or 12.9%, to 299.25p shortly after the announcement.

"A further announcement containing more detailed terms of the offer will be made shortly," Red Football said in a statement.

Mr Glazer first showed an interest in buying the club last autumn and tabled a formal proposal in October, which was rejected by the board.

Two weeks ago the club board said it could not recommend Mr Glazer's second takeover proposal to shareholders because his business plan appeared to be too "aggressive".


His offers were rejected on the grounds that his plans relied too heavily on borrowed money.

Red Devils chief executive David Gill said Mr Glazer's business plan was "potentially damaging" to the club.

However, members of the board did agree that some shareholders might think the offer was a good one.

"The board recognises, however, that the price of 300p per share is a fair one and may be attractive to some," the board said in last month's statement before the Takeover Panel gave Malcolm Glazer his bid deadline.


'Game over'

The owner of the Tampa Bay Buccaneers is thought to be keen to exploit the strength of the Manchester United brand in the US.




Fans rage at Glazer bid
See Man United's share price
Q&A: Glazer and Man Utd
Manchester United fans are angry at the latest news. Last year, they formed a shareholders' association to buy club shares and try to protect it from Mr Glazer's clutches.

A spokesman for Shareholders United, which represents 17% of the club's shareholders, told the BBC that Mr Glazer was "no Roman Abramovich".

"He's not turning up with a suitcase full of his own cash and he is, in effect, asking Manchester United fans to pay for his takeover, to pay for increased ticket prices and increased merchandising," said spokesman Oliver Houston.

"We feel completely betrayed by John Magnier and JP McManus."


"I'm giving up my season ticket," said Shareholders United president Nick Towle.

"I'm not putting a penny of my money into this guy's pocket."

Mr Towle said Shareholders United still hoped to stop the tycoon getting a 75% stake.

"If we can get to that 25% of the remaining shareholders, that would be great," Mr Towle added. "But it's looking like an uphill battle for us."

Analysts are convinced that Mr Glazer is unstoppable.

"I think it's pretty much game over now as the key to all this was always going to surround what the Irish duo would do with their stake," said Richard Hunter of stockbrokers Hargreaves Lansdown.

Caslance
12th May 2005, 16:34
Oh, very funny.

Don't laugh too loud, pal.

Your lot could be next.....

Onan the Clumsy
12th May 2005, 16:42
It's a capitalist country, so market forces dictate prices. All that the fans have to do is for each man to Unite (sorry) and refuse to participate. Gate fees plummet, advertising recoils and the situation returns to a more even keel. I won't hold my breath though.

Actually I should go and read past the first para of the first post to see if I've just made an a$$ of myself

:}

Krystal n chips
12th May 2005, 17:07
With a bit of luck, he'll sell the ground and the overpaid gimps with it---strange though it may seem, not everybody is addicted to the "footie" as a pseudo religion--so who gives a s££t as to who owns the club---:mad:

A new hospital would not go amiss in that part of Manchester either--just a less than altruistic thought concerning said ground of course :ok:

surely not
12th May 2005, 17:28
Lighten up Krystal, there are many people who DO enjoy football, but who don't agree with all the hype that surrounds it. Sure the really successful players are overpaid, just like the really successful in any proffession, so stop yer whinging. I'm sure that you probably like something that others don't so live and let live eh?

It is a really sad day for Man Utd, and it could lead them down the path of a club like Leeds Utd where crass management has wreaked havoc on the club.

Methinks a lot of the Board will have to leave in view of their opposition to the bid, and a few of the leading players will leave as well. Very slim chance that they will be challenging for the Title next year IMHO which as a follower of Man Utd saddens me.

Rio to Chelsea looks a good bet now 'cos Glazer will need to et some money back quickly.

BahrainLad
12th May 2005, 17:47
If you believe in the power of the market, you cannot ever be overpaid. People are paid what other people think they're worth - whether in the boardroom or on the football pitch.

And let's please not confuse "worth" with "ability" or "success" here. They couldn't be further from each other.

I find the attitude of the fans hilarious. It's the same argument used by old windbags about cricket going on to Sky. If you have a passion, or desire to be entertained, you need to pay for it.

Krystal n chips
12th May 2005, 18:03
Surely Not,
Sorry mate, I am pretty pragmatic about most things in life--until convinced otherwise---yes, I have other interests which would not be shared by all and sundry--however, they are NOT pushed down a Nations throat as being so relevant that society simply cannot exist without them--almost to the extent of brainwashing in fact--re Des Lynhams immortal comment about the World Cup " What would you have done with this during the Summer"-or words to that effect--neither do they cause traffic chaos--or violent behaviour amongst the "fans"--as for the skill of the game ? --certainly at one time--now it's all histrionics and ham acting---Rio ? is this the same Rio who "forgot" his drugs test and has now merrily passed a Police car--doing 106mph it seems--one pretty sharp cookie here then ? ---and how much did he demand to be paid per week again ?

Harsh fact here. Man Utd are now a commercial entity--and if they fail, they go under. They can be bought and sold just like any other commercial business. Why should the fact that the product is football make any difference ?.

Caslance
12th May 2005, 18:03
I find the attitude of the fans hilarious.If you have a passion, or desire to be entertained, you need to pay for it.A clear example of someone knowing the price of everything and the value of nothing. :rolleyes:

You see, that's the whole point - we're not customers, we're fans.

Unless you're a sad bandwagon jumper - you know, the sort of person who's a Chelsea fan now but was a United fan a few years ago and has been an Arsenal fan in between - supporting a football team is not a rational informed conscious choice, it's an emotional issue, tied up with tradition, self-perception and identify.

I suppose you have to be one to understand it.

Market forces simply do not enter the equation - logic and commonsense fly out through the window.

And for those of you who see this as an opportunity for smirking at a "hated adversary", remember what happened to Leeds - it can happen to my team and it could happen to yours, too.

Gouabafla
12th May 2005, 18:49
I find the attitude of the fans hilarious. It's the same argument used by old windbags about cricket going on to Sky. If you have a passion, or desire to be entertained, you need to pay for it.

I pay a licence fee and I pay by watching adverts, but I honestly can't afford Sky Sports (wish I could). Thirty odd years of watching cricket comes to an end and I'm an old windbag at 46.

About Man U. I don't know if it's game over. I think we'll have to wait and see. Glazer isn't entirely stupid and it makes no sense for him to take over the company if he doesn't think he can make it a success. Problem is, he may measure success in terms of replica shirts sold, rather than games won.

spud's on the job
12th May 2005, 18:56
I've just received an amended extract from Glazer's welcome letter to the United fans:

Dear Soccer fans,

As you all know, i've been looking to buy the United's of Manchester for a little while now. I've also heard that some of you may not be too happy about me using, sorry, buying the club in order to reach new heights and also, that I may not be a fan.

Well fear not, as i'm writing this personal letter to let you know that i'm a genuine fan of you blue devils.

I began rooting for the United's back in 1992 when our little Malcolm JR was practising those Soccer home runs out in the yard. I loved the way you turned defence into offence, and the way that Bobby Shearer used to top half it into the goal bag. Oh man, that play was hot. My son tells me that you even out-zoned your City rivals Southampton in the 4th quarter of the FA World series.

As for your current team, that Rude guy is awesome!!!! I see a profitable future at the United, with the young talent of Cristiano Rooney (man, that guy can dance!) and Peter Shilton giving us hope in defeating the evil Russian tyranny which assaults the freedom of our beloved Soccer.

With the marketing potential of those Neville brothers and that Pearce dude leading the team, we can all look to acheiving our beliefs of a better future. Especially when I add Alexei Lalas and Cobi Jones to the starting 15.

Now to you, the fans.

I've been to see the United's play once before, and the respect you pay your team in silently admiring the play out on the pitch was overwhelming. Because of this, i've just purchased a new £45 million mansion in the Manchester to be close to you guys. And more good news is i'm planning to add an extra 10,000 seats through corporate boxes so more genuine blue devils can experience the play.

What's with the prawn sandwiches I had to eat when I was there? Well, rest assured, it'll be super size prawn baguettes when I take charge.

I can't wait to come over to the Manchester isles, as I love the country, especially the beaches and the hot chicks.

I hope you can all see my vision of this future, with new shirt sponsors (Dunkin Donuts) and new team name (The Manchester Gloom) i'm sure things are looking bright.

*Further good news for you guys is that i've just agreed a partnership deal with McDonalds, who will help in promoting the Manchester brand. This will involve re-naming the stadium to 'McTrafford' as well as an exciting launch of Manchester Gloom plastic fan toys in every happy meal.

Cristiano Rooney will be the face of this campaign and during this, he will be marketed globally as Roonald McDonald.

Take care dudes.

Regards

Malcolm

Onan the Clumsy
12th May 2005, 19:49
You see, that's the whole point - we're not customers, we're fans Yeah, but most of the 'fans' are fans of the large clubs. I understand what you're saying and you have my sympathies (to a certain extent), but if your statement really meant anything, the club/fanbase would be about local lads doing their best and not foreign nationals brought in at great expense.


Problem is, he may measure success in terms of replica shirts sold, rather than games won. If he's a septic, that'll be exactly the terms he'll use to measure success.

BALIX
12th May 2005, 20:29
Funny, isn't it, that a club that has milked commercialism for all its worth over the past few years, a club that has benefitted most from the formation of the money oriented Premiership, a club that has tried to maximise its income at the expense of other clubs, looks as though it might sucumb to the very market forces that made it such a mighty organisation in the first place.

Football, or at least the top level of football, has sold out to commercial forces and financial self interest has led to a huge gulf between the top clubs (Man U, Arsenal and now Chelsea) and the rest of the Premiership. The gulf is then even wider between the Premiership and all the ridiculously named Championship. That is what happens when sport becomes a commodity.

And to be frank, the Man U fans have enjoyed the benfits. Hard to have much sympathy with them at the monment...

Astrodome
12th May 2005, 21:03
Man U is a business that just happens to play football.

and has been an Arsenal fan in between No son, quite wrong. Arsenal has never attacted that type of following, thank God.

As you sow, so shall ye reap.

Craggenmore
12th May 2005, 23:27
Man U have prided themselves, boasted about it and rubbed every other teams face in the dirt throughout the 90's, by wanting to be the biggest club in the world, both on and off the pitch.

Remember when you couldn't be bothered to play in the FA Cup, but go on a meaningless tour to South America instead?

Rememer how your disrespectful players surround the Referee every time you get a descision against you?

You are now paying for your GREED and long may it continue.

Your prospective targets don't want to join and your better players are looking to leave.

The 'biggest club' there ever was.....Pah!.....RIP 2004/2005.

Good riddance to a bygone era.

:mad: :yuk:

Romeo Delta
13th May 2005, 05:23
As a resident of SW Florida, I can tell you this:

Man U will win a championship, and then suck for the next 5 years. Then, installing his son Joel as the head of player personnel (and not knowing all that much about the differences between Football and American Football; I mean, they're both FOOTBALL, right?), the Tampa Bay Buccaneers trade their entire Offensive Line to Man U for two sweepers and goalie to be named later...

Best of luck to you all...

ORAC
13th May 2005, 05:51
70% and rising...... :E

BBC: ............Mr Glazer now wants to buy the rest of the club's shares. If he gets 75% plus one share, United could be delisted from the stock exchange and Mr Glazer could transfer his debt onto the club. If he can get 90% plus one share, he can make a compulsory purchase and scoop up the other 10% of the club's shares.

With heavy trading in Manchester United shares taking place after the announcement, it is already looking increasingly likely that Mr Glazer will quickly reach the 90.01% stake he needs to force out any remaining shareholders.

United's third-biggest shareholder Scottish mining millionaire Harry Dobson is already reported to have sold his 6.45% stake after the Irishmen sold theirs........

Wingswinger
13th May 2005, 06:28
Who cares?

On second thoughts, anything the helps to bring an end to the stinkingly corrupt world of "premiership" football with its grotesquely overpaid players, appalling "fans" and ridiculous "managers" has got to be good for the future of humanity.

Caslance
13th May 2005, 06:44
Ah, Craggenmore. Such bitterness, such bile, such venom, such a jealousy-wracked and tortured soul......

Remember when you couldn't be bothered to play in the FA Cup, but go on a meaningless tour to South America instead?Yes... except that it was a FIFA-sponsored world club tournament and United took part at the instigation of the FA (and the Government) as part of their rather amateurish campaign to host the next World Cup but one.

Still and all - let's not allow the facts to get in the way of a good old United-slagging session, eh?

Rememer how your disrespectful players surround the Referee every time you get a descision against you?Oh.... unlike those of Arsenal and, to a lesser extent, Chelsea then? :rolleyes:

You are now paying for your GREED and long may it continueNot quite. We are paying for the greed of "men in suits" who don't give a stuff about football - and who knows who'll be next?

Your prospective targets don't want to join and your better players are looking to leaveBeing illegally tapped up by A Certain London Club, you mean? :E

Enjoy your gloating while you can.

If Glazer's plans come to fruition, other sharks will taste blood in the water and it could be your team next.

But that'll be OK, won't it? :ok:

SHARPPOINT
13th May 2005, 08:01
Well I'm a Liverpool Fan

Need I say more

Heh Heh Heh

:E

Can't wait to see my Man U friends at the weekend.

So many unhappy Man U fans, brings tears to my eyes
:E
Of joy.

10bob
13th May 2005, 09:59
Sorry, Caslance, but can't let this one go:

Not quite. We are paying for the greed of "men in suits" who don't give a stuff about football - and who knows who'll be next?

As far as I'm concerned, tough s**t.

Many football fans in the lower leagues well remember Martin Edwards coming out and saying that United were a big business now, that they should take the lion share of revenues as they were a PLC and had to maximise their returns. If this meant the death of lower league clubs then so be it. Man U will survive without them.

You may be paying for the greed of "men in suits", but that's not Malcolm Glazer. So you'll forgive me as I look at my club go from strength to strength (Swansea City - just promoted, making a profit, moving to a new stadium next year and owned by the fans not shareholders) and have a little smile at your club's misfortune.

You live by the sword, you die by the sword.

MadsDad
13th May 2005, 10:17
A recent conversation I had (and one I've had before) with a football supporter (doesn't matter which club):-

He:- "We won last Saturday"
Me:- "Oh, that's good. What position were you playing?"

It's like any business. Unless you are a shareholder or employee you don't have a right to any say in how the place is run (except for the option to take your custome elsewhere).

BillHicksRules
13th May 2005, 10:19
Dear all,

Has anyone seen the Budweiser ad that shows the changes they thought of making to football when they became sponsers?

I think the most apt one for this is merging Man U and Man City to become Team Manchester!!:p :p :p

Cheers

BHR

SilsoeSid
13th May 2005, 10:23
Float Man U. on stock exchange, get loads of money = Fans Happy!

Money pays for new stadium = Fans Happy!

Money pays for top players = Fans Happy!

Money pays players high wages = Fans Happy!

Players drive around in Aston Martins, Bentleys etc = Fans Happy!

Players buy £multi-million mansions = Fans Happy!

Players, spit, fight swear, 'diss' referees. = Fans Happy!

Players get caught in 'inappropriate behavour' scandals. = Fans Happy!

Rooney gets 'bad role model label' = Fans don't care!

Stock Market; 'Freetrade', money & business orientated = Fans confused!

Businessman takes contrilling share of Man U. = Fans unhappy!



If you want the rainbow, you have to put up with the rain!!!

As a Plymouth Argyle supporter, I would just like say to those Man U fans out there, tough titties. You got paid your choice, now take your chance.

phnuff
13th May 2005, 12:51
I think that this development is actually worrying for football in general. Realistically, Glazer isn't that into the merchandising revenue - lets face it, Man U are already good at that and unless he can break into the US market (unlikely with real football), there is no real pickings. Now television revenues - thats another matter. At present, premiership clubs all negotiate with the TV companies together and all get a reasonable deal. Man U being such a big draw could break away and try to negotiate alone which if successful, would hurt other teams.

It does also make you think of the other changes that this move may precipitate. I am sure there is probably huge money (again largely from TV), that a European league would potentially deliver and a totally money driven organisation like Glazer owned Man U would sure go for it. If the other UK clubs do not stick together (which they wont), this could decimate the game in the UK.

Of course, should Man U not qualify for europe one year (and they have to qualify this year), they are in deep financial doo doo. Thoughts of the mess that Leeds are in spring to mind.

oh, how I wish :D :D :D

BahrainLad
13th May 2005, 13:48
A clear example of someone knowing the price of everything and the value of nothing.

You see, that's the whole point - we're not customers, we're fans.

Absolutely irrelevant.

You're a fan because you enjoy being a fan.

Consider the cost of providing this enjoyment.

Who should pay for it? The person enjoying it.

Caslance
13th May 2005, 13:53
Being a fan of any football team is not a financial transaction. End of story.

Being a consumer of the products and services associated with a football team is another thing altogether.

Saintsman
13th May 2005, 14:06
There's a myth that football fans want pay per view. It may be true that some supporters of a club will pay to watch their team but I bet the other fans wouldn't. Man Ure may have a large following but you can bet that most of them won't be watching them every Saturday. I bet that most of them don't even watch them on Match of the Day either and thats 'free'.

I have to concede though that you don't get to be a billionaire by being stupid. Glazer must have some idea on how it'll make money and given the agrivation he is going through it'll probably be worth it for him.

BahrainLad
13th May 2005, 14:49
Being a fan of any football team is not a financial transaction. End of story.

Being a consumer of the products and services associated with a football team is another thing altogether.

The point is that a team, playing a match, is a product that is consumed by consumers. How much these consumers pay for this product is resultant on demand. E.g. Sunday league games being free to watch, Premier league games being anything but free to watch.

You may call them fans, but that's just an attempt at romantic disassociation from what they really are.....customers.

Sean Bones, of Shareholders United, said the group planned a boycott of merchandise in a bid to devalue the brand.

"What we have to do is affect revenue streams," he said. "We need to stop people buying merchandise or anything related to the sponsorship of the club."

Glazer is "a thick-skinned guy to try and take over a club where 93% of the customers, the supporters of the club, are against him," he added.

They said they would hold further demonstrations today following last night's angry scenes outside the club's Old Trafford ground.

Five were arrested there after hundreds gathered to wave banners and burn effigies of Mr Glazer.

Supporters also claimed that they gatecrashed a meeting at Manchester Art Gallery where bankers JP Morgan, Mr Glazer's main financial backer, were hosting an event.

It would appear, sophisticated customers.

10bob
13th May 2005, 15:21
I think probably slowly. I want their key players to leave, I want them to drift gently down the table before being embroiled in an unceremonious relegation battle in a couple of years. I want them to lose that battle.

I want the club out of business. I want the fans to cry tears of frustration on the television. I want to see people in replica shirts lining the streets of Truro and Bournemouth united in a fake grief for a club they were never really a part of anyway. It'll be like Diana, but with added football.

I want people to talk about Man Utd in the same way that we do about the Roman Empire; once all powerful, now extinct because of their own greed and foolishness. Manchester United have helped turn a beautiful game into a licence to print money. They've ransacked the country for fairweather fans, they've been bullying constantly for an ever-larger slice of the TV money. They've actively opined that little clubs obstruct their remorseless march for 'branding', 'marketshare' and 'client base'.

They deserve absolutely everything they get and the fact that their downfall could come from the same market policies that allowed them their dominance just makes it all the sweeter.

I might put a poster of Glazier on my bedroom wall. He's made me a very, very happy man.

- posted on a Southend website. A person who expresses my views far more eloquently than I ever could.

Caslance
13th May 2005, 15:29
Amidst this ABU-fest, is it worth pointing out that Peter Kenyon, one of the chief architects of Manchester United's rise to monsterhood, is now occupying an office at Stamford Bridge and planning and plotting to do the very same thing for Chelsea?

Be afraid.... be very afraid. :ooh:

MadsDad
13th May 2005, 18:57
A news report I saw mentioned that after the demo outside Old Trafford several hundered fans marched up the Chester Road (a main route) and staged a sit-down protest in a yellow box junction, causing traffic chaos.

Now that will really
a. frighten and inconvenience Mr. Glazer and
b. gain sympathy amongst the general public.

Won't it?

Astrodome
13th May 2005, 19:57
Glazer is "a thick-skinned guy to try and take over a club where 93% of the customers, the supporters of the club, are against him," he added. What a twattish thing to say !
Is he referring to the 93% of 'fans' who reside in other continents? or the 93% of 'fans' who actually live in Manc land ?

Man U has represented much of what has gone wrong with football for some years now.

Arrogance and yobbish behaviour has emanated from all levels and not afraid to go 'tapping up' others players either.

They laughingly call themselves a football club, when actually for a long time they have been a business that just happens to play football.

As you show so shall you reap

IB4138
13th May 2005, 21:53
I wonder if someone will put a contract out on the whole Glazier family?
Careful Astrodome, you may be considered a relative by your posts!:suspect:

One can live in hope!

There is a home for all you Reds who leave, at CF Malaga. It's not that far to travel and there are frequent flights from most UK airports! You can even do the journey from London by train in under 24 hours.
A season ticket costs a mere €280 and programs are free.

Astrodome
13th May 2005, 22:49
There is a home for all you Reds who leave, at CF Malaga. No they will just transfer allegiance to Chelsea, or Liverpool, as they did before.

Mancs who support Man U are as rare as rocking horse crap.

Caslance
13th May 2005, 22:58
Mancs who support Man U are as rare as rocking horse crap.That old chestnut again? Twaddle..... :p

Astrodome
13th May 2005, 23:26
But oh so true which is why it winds the Mancs up a treat.

Are you suggesting Caslance that the majority of Man U 'fans' reside in the UK, or even Manchester?

SilsoeSid
13th May 2005, 23:28
A news report I saw mentioned that after the demo outside Old Trafford several hundered fans marched up the Chester Road (a main route) and staged a sit-down protest in a yellow box junction, causing traffic chaos. 300 fans reportedly attended the final march. Probably less judging by the size of yellow junction boxes!
To put that into perspective, my childrens primary school has more pupils that that! ;)

You lot wanted to go on the big boys market, now face up to the big world! :mad:

Get rid of the Man U. mentality and maybe football will get the rocket up it's ar$e its been deserving for a while. Hopefully it will get back to being a nice sport to watch, with decent people playing it! ( If that ever happens, Plymouth will win the cup. Any cup will do!) :rolleyes:

Caslance
14th May 2005, 08:02
Are you suggesting Caslance that the majority of Man U 'fans' reside in the UK, or even Manchester?Not at all, but that wasn't what you said, was it? :p

It's not just United, by the way. Other successful clubs, such as Liverpool, have a global fanbase and you can bet your last bottle of Bollinger that Peter Kenyon will be busting a gut (nice image!) to do the same for Chelsea.

As an aside - one thing that I do enjoy on football phone-in programmes like "606" on Radio 5 is listening to the West Country Liverpool fans - and, joking apart, there do seem to be a lot of them - claiming that no-one in Manchester supports United.

Just have a wander round Manchester city centre of a Saturday afternoon when neither United or City are playing at home - go on, I dare you - and count how many United tops you can see. It's at least 50-50 with City shirts, which is how it should be.

But hey, there I go again spoiling the hate-fest.....

Sorry.... carry on. :ok:

419
14th May 2005, 08:19
Personally, I can't see what all the fuss is about.

Manchester United PLC is a multi million pound business.
You can buy and sell shares in them, just like any other company. They make millions of £ profit, and they pay dividends to the shareholders.

They can't have it both ways. Either they are a privately owned sports team, or they are a publically traded company, that has to play by the same rules as all other companies. If that means someone buying enough shares to own the company, then so be it.

I wonder how many of the fans have purchased shares in M.U PLC?.
This makes them no different to Glazer.

Krystal n chips
14th May 2005, 08:54
Blocking the Chester road and causing chaos is not very imaginative now is it ?--this occurs every time they play and the Chester road is one long stretch of chaos anyway

Much more interesting if they had decided on a futile gesture and jumped off the Barton Bridge !:rolleyes:


see link below for those who do not know this little piece of the M60--and a bit of ironic history as well.



http://www.shipcanal.co.uk/Pages/history-pages/bart.html

Onan the Clumsy
14th May 2005, 13:00
My dad knew a bloke what fell off the Thelwall Viaduct. He was an engineer who was climbing up the side with a theodolite over his shoulder. It caught on something and dragged him off the bridge hurtling earthwards at an impressive speed. He was very fortunate and survived the fall.

Afterwards, my dad asked him "Whe you're close to dying, they say your whole life flashes before you. Is that what happened to you?"

"No." the bloke replied "I just thought 'I've :mad: fallen off this :mad: bridge.'."

ORAC
16th May 2005, 09:40
LONDON (Reuters) - U.S. financier Malcolm Glazer seized full control of Manchester United on Monday, raising his stake in the British soccer club to just over 75 percent as part of a 790 million pound ($1.47 billion) takeover, a source close to the matter said on Monday.

At that level Glazer can now delist Manchester United Plc from the London Stock Exchange and implement new plans for the club without having to seek approval from other shareholders.

:E Bye Bye

Craggenmore
16th May 2005, 11:37
Quality news.............................

:E

aidanf
16th May 2005, 12:20
call me stooopid (go on, I dare ya) but it would appear that Mr. Glazer's loan repayments are at least 15 million more than ManU's current annual profits. Season ticket prices are fixed for next season and they are only 3 years into a looooooong merchandising deal with Nike so no room there either for squeezing extra cash. Where the **** is he going to raise the extra money from ....... and that's before he starts making a profit for himself!!

Onan the Clumsy
16th May 2005, 12:29
The Glazer's of the world will always win, because the 'fanbase' will never organise. if they all stoped going, the players stopped playing or purposefully lost every match, he'd have spent millions on a worthless asset.

That'll learn him.

Craggenmore
16th May 2005, 16:54
"With a 75 per cent stake, Glazer would also leave the holders of the remaining stock with virtually no power and render their shares worthless if he doesn’t pay out any dividends."

Awesome Dude (http://www.sportbusiness.com/news/index?news_item_id=157521)

jumpseater
17th May 2005, 04:08
It made me grin, watching some Man U Glazer opponent saying ' we've got some of the best brains working on this' (the deal), If they were that savvy they should have been very afraid when the two Irish chaps had such a large share holding. I have no sympathy for Man U or its supporters.
I follow a Premiership side and a Conference side, and whichever end of the spectrum you look at it, its all about money. The funniest thing was watching another Man U supporter saying we'll start a new club, ok so thats a Sunday league side to start...... they'll flood away from the terraces to see that :=

If you support the team, you support the team, its that simple,