Chris in London
Well-Known Member
- Joined
- 21 Sep 2009
- Messages
- 13,340
I read that more as the Glazers trying to trim costs with the aim of maximising revenue and profits so their dividends and standard of living don't slip.
I agree.
The Glasers are currently able to draw a nice amount in management fees as well as service the interest on the debt they took out to buy the club in the first place. As an income stream it is doing very nicely thank you. They don't have to put in any money of their own to be able to afford a big name purchase every now and then, and even though they are a long way off the pace in terms of competing for trophies they have a vast fanbase that will keep the revenue flowing for a long time yet.
Unless somebody offers them silly money - and nobody is going to - they have a steady income stream and neither any need nor any incentive to sell.