19 Oct 2021 13:32:11
So Avram Glazer took £137million from the club after Ronaldo was signed and this signing produced a big share price increase. Now two other Glazer brothers have taken an additional £117million out of the club by selling shares. How much of the proceeds from these share sales have gone to Manchester United? Exactly none.

{Ed0666's Note - you can only spend a certain amount of money per FFP. So even if they would have put this money back into the club you wouldn’t have been able to utilize it anyway. The glazers are businessmen they live for profit, I’m not sure what the big hoo-ha is? Didn’t they just spend circa £140 million on transfers in the summer? Didn’t they bring the prodigal son back? A World Cup winning centre back and one of the best wingers in the world? They said they’d improve infrastructure, stadium etc. The privilege and the entitlement baffles me. I bet if you had a defensive crisis and had no centre backs you wouldn’t get Kabak on loan and a 2 million purchase from Preston?

1.) 19 Oct 2021
19 Oct 2021 13:51:05
ED0666,

Best response to a post I've seen in awhile.

{Ed0666's Note - thanks mate much appreciated.

2.) 19 Oct 2021
19 Oct 2021 14:51:34
But aren't they their shares to sell as they please and blow the money on classic cars, jaffa cakes or whatever they want?

{Ed0666's Note - To pay Tom Brady’s wages no doubt.

3.) 19 Oct 2021
19 Oct 2021 16:42:15
I think people forget, clubs are businesses and the owners are business men. They are always going to take profits from their investments.

4.) 19 Oct 2021
19 Oct 2021 17:55:11
What the hell? A company owner making money from their own company?

Why would they sell their shares only to give the money to the club?

That's terrible business sense.

If you started a new job that came with a company car you wouldn't sell your own car and give the proceeds to your new employer.

Why would they sell something they own only to effectively give it away?

I don't like the Glazers, however my concerns with them come from the way they leveraged the club to buy it. Something I think should be illegal. While my other issue with them is that they seem unprepared to run the club like a football club. If they hired some of the best football minds in the world to work for them at board level, came up with a actual plan to make the club the best team in the world and started working towards that I could actually to an extent forgive the buyout.

I just want owners who want the club to be a successful FOOTBALL club, and be successful at football. Rather than a club that makes a lot of money.

5.) 19 Oct 2021
19 Oct 2021 18:28:10
Thwy have also paid naff all to get this debt gone like they promised ed.

{Ed0666's Note - why do you care about the debt? They spend money heinous amounts of money on transfers who cares about the debt. When they sell it will be to some seriously wealthy people who will wipe off the debt. Just don’t worry about the finances and enjoy the football…oh wait

6.) 19 Oct 2021
19 Oct 2021 18:39:49
They haven’t broken any laws but let me ask you a question. Whose money bought the club? They borrowed against the club to buy it and then serviced the debt from the clubs earnings. Fair play, great business sense but add up now much money had been taken out in dividends and interest payments and it is eye watering.

They’ve taken out more money than they ever personally spent and will continue to do so. There are no rules preventing them doing this and many owners will look to make money but ours take the biscuit in terms of the sheer bloody mindedness of it.

You may think it’s ok, I don’t.

{Ed0666's Note - who cares? This whole glazer out thing is becoming so tedious. We had the same situation with Hicks and Gillette but the difference was they weren’t spending any money on transfers. You should start to worry when they close the checkbook until then stop your whining. About 88 football league clubs and fans would love to be in your position.

7.) 19 Oct 2021
19 Oct 2021 19:35:05
The debt is not ideal, but let's be fair they have spent an average of 130m every season on transfers over the past 8 years.

That's more than all bar one or two clubs worldwide.

It's not directly their fault that we don't have a winning team after such investment.

Indirectly though they are to blame as they have hired the wrong people to run their club. If they hired the right people they could have had a genuine title challenging team with half the investment.

That's what is baffling, for owners who only care about money they waste hundreds of millions due to not having football people in key roles guiding the club.

8.) 19 Oct 2021
19 Oct 2021 20:03:57
It’s not whining to point out that if the owners hadn’t saddled the club with so much debt, or taken out so many dividends, we would have been able to compete better and wouldn’t have had to put up with the ‘no value in the market’ nonsense. I don’t care about other clubs, I care about my club and like it or not, over a billion pounds has been taken out.

{Ed0666's Note - compete better? Is it the Glazers fault your scouting department chooses expensive duds??? How have you not been given the tools to compete please tell me? It can’t be from lack of funds. The glazers didn’t stop you spending obscene amounts on McGuire, Sancho et al.
I appreciate the fact you don’t care about other clubs but your own but im sorry you sound whiny. Just ask Watford fans they’d swap places with you in a millisecond. The only thing you have to whine about is your manager the owners have apologized, taken responsibility for the past, are trying to rectify their wrongs and you’re still whining. It’s getting really boring now. Give them the opportunity to make the modifications they promised then lambast them based on future behavior.

9.) 19 Oct 2021
19 Oct 2021 22:40:27
Selling ones shares to a 3rd party has no affect whatsoever on the club's finances. That would only be the case if the company was buying back its own stock.

They're going to sell them eventually anyway, so who cares if it's in one go or in dribs and drabs.

The debt is currently of no importance whatsoever, though it could become so if it continued to rise and income fell.

The Glazers original level of debt limited the club in a period when it should have been rebuilding over SAF's last years, but since then the only problem has been lack of executive competence.

10.) 19 Oct 2021
19 Oct 2021 22:47:52
Hey Ed 666s

That comment about enjoying the football was cold!

Funny

But cold dude!

{Ed0666's Note - I try and lighten this page up but I struggle at times mate. It’s all doom and gloom yet you’re only 3 points behind us in the league and where meant to have had a brilliant start. Beat us on Sunday day and you’re motoring again.

11.) 20 Oct 2021
19 Oct 2021 23:19:04
Ed066 is bang on.
Our owners are decent. The invest heavily better than anyone. Its their money its their club i don't see the issue.

12.) 20 Oct 2021
20 Oct 2021 08:27:14
I get that it's frustrating: so many of us can see that we are nearly there. And how it feels when we go on a winning or unbeaten streak with Ole like the United Way is back. But it's not coming back. We need to find a new way to play the United Way, and we are, as the Ed says, actually very highly competitive. Just not quite as highly as we poor spoiled United fans would like. In the top 5% of the football pyramid, I'd say. I think we will get the balance right eventually. Maybe it will be Ole, or maybe it will be Phil Neville, or even someone who hasn't played for the club! Hell, even Liverpool managed it, eventually. I know getting spanked by Leicester hurts, even more after our recent form, but it's going to get a reaction - of some sort or other (cough, cough, Pogba) - which could help us decide which employees of the club need to leave in the not too distant future.