Could you quantify that assumption please.As a club we don`t own a penny and yet your leaders continually place you club into millions of pounds into debt and you carry on paying astronomical interest on those loans.
Give me an Arab businessman any day compared to a Yank one.
Firstly, there is NOTHING wrong with a leveraged buy out.
Whenever you use your credit card or take a home or vehicle loan, you are essentially 'leveraging' your ability to generate future cash flows in order to pay for an asset right now.
The bet that the Glazers took were:
1. Premier league would get more cash through TV deals and Sponsorship.
2. SAF would maintain sustained success on relatively lesser funding. Prize money would be greater than cost of playing.
3. Utd would be able to attract sponsorship over and above its rivals due to its success.
All 3 came true and that to me makes them excellent businessmen.
By allowing SAF to run the team as he pleased (spending on wingers at the cost of midfielders, spending 20 mil on a 30 year old striker, etc.) they moved from being good businessmen to being good owners.
Also, Manchester United have the 3rd highest Profit before Tax even after accounting for interest and loans payable.
The loans are all under control. There is a schedule according to which it has to be payed.
The Arabs are betting on the fact that:
1. Oil prices will remain high (oil prices have collapsed by over 50% since January 2014).
2. Their regime won't collapse (There was an unsuccessful Arab spring, people remain dissatisfied).
3. They can use their influence to inflate Sponsorship deals.
4. Even if points 1, 2 and 3 turn out to be wrong bets then by that time City would have been sustainable.