Sunday, October 10, 2004

Thoughts on Glazer's takeover proposal

I'm going to take a negative stance on this one, even though like the majority, I am on the outside looking in. Many of the United fans I have spoken to are vehemently against Glazers proposal, and see it as a bigger threat than the Sky takeover bid.

Conspiracy theorists propose a hit-and-run scenario by Glazer, others suggest that the he will take profits out the club and place them in his own pocket, rather than re-investing. This is a very real possibility because Glazer doesn't have enough money to buy the club, let alone invest his own money into transfer funds. We definitely can't expect a Roman Abrahamovich situation here. The fact that Glazer will have to take out a loan to purchase the club means that United will be effectively turned into a mortgage laden model. Therefore we are transformed from a club in profit, to a club in debt. Again, while this doesn't pose a problem to the survival of the club, it will definitely have a hard-hitting effect on immediate transfer funds.

Another cause for concern is Glazers' apparent lack of knowledge of the traditions and vast histories of our club. Some reports have claimed that it wasn't Glazer's idea to buy the club, but his sons who are United fans. The fact that Glazer is an experienced sports "owner" and will have little concern for our famous history means that he will use the club solely for profit, exploiting us fans by hiking up ticket prices. Additionally, Glazer (who has very close ties with Sky) may undersell us and give Sky world exclusive rights to our games.

I would like to re-iterate that I in no way claim to know all the details, but only see things as they are portrayed in the public eye. After all,
when Glazer bought the Tampa Bay Bucs they were the laughing stock of the league. He hired the right people, who in turn hired the right people to turn the team around. However, if Glazer does have an ulterior motive then as United fans, we all have reason to be concerned.

2 comments:

__mars said...

heh glazer takes over Man U, I think there will be more ppl wanting to hate Man U. =)

Anonymous said...

I actually keep an open mind abt this whole saga. Speculations abt how Glazer is going to milk MU are afteral speculations. While I have to agree that Glazer is not au fait with the illustrious history n culture of the club, I am not so sure abt him dragging MU down.
Maybe wat Glazer shd at least fairly do is to convince the fans..sell himself n his ideas...assure us that its for MU's good...like a politican. And the fans can really judge instead of speculating. But personally, his apparent lack of funds is a big obstacle for any fan to give their blessings to the takeover. Maybe Glazer shd get enuff of money before making a bid...why put MU in a debt-ridden status..and possibly leave its ownership spiraling out of control when Glazer one day decides to call it quits on the club?

ALT