The rags debt is theirs not the Glazers. I'm sure they will be happy to keep taking the dividend and consulting fees till they're old men. The fans are just banging nails into the rag's coffin.
It's great.
Indeed.
the whole ‘glazers out’ campaign seems to mentally bypass the United held debt. Not glazer held, United held.
There is no financial reason (for the glazers) for the glazers to sell.
the glazers could fold the club and themselves ‘lose’ hardly any money.
They lose the ‘potential’ profit (after debts, fees etc) of a buyout, but these fan actions just makes the club as a takeover target less and less attractive - brand related toxicity. Or opens up the club to some vampire squid investor , as the valuation falls, but has assets that can squeezed
The anti sponsor campaign is just accelerating the downward slope of the club valuation.
and who, as a profit driven buyer, would want to buy, with the knowledge that they would need to spend a large fortune on players, stadium, infrastructure , with no chance of profits for a very long time… unless it’s a like for like owner - ie dividends with no investment … and likely cost cutting.
If it’s not a profit driven investor, then you’re left with a plaything buyer, like Chelsea. But it’s a whole new level of buying, compared to what Roman bought Chelsea for. And it’s not ‘dead’ money buying the massive debt in Chelsea case.
‘Sportswashing state’ investor - nowt to do with ‘sportswashing’, just looking for profit from investing in diversified business that isn’t energy based - you’d think they would want to protect their ‘brand’ image though (as with any investor) so the fan backlash is making that less likely as well.
www.theguardian.com
