FogBlueInSanFran
Well-Known Member
I agree with all of this except them winning more trophies without the debt. What football decisions would/should they have made that would have been any different were it not for the leverage? I'd suggest none. They haven't been hamstrung in the transfer market -- they've just bought poorly and overpaid. That's down to the lack of a football infrastructure post-Ferguson, which is down to (1) Ferguson being completely disinterested in setting up a succession plan because it didn't include him, and (2) the Glazers being unwilling to give anyone full rein over footballing decisions as they did Ferguson.Putting rivalries to one side but looking at it from a football supporter's point of view, I think the Glazers have been utterly shit owners for United. Any success they've had since they bought the club has been in spite of the Glazers and not because of them IMO and without all that debt being loaded onto the club, I reckon they would've won more trophies over the past 16 years than they have.
However, looking at it from a businessman's point of view, they've played an absolute blinder. The debt is no worse than it was when they first bought the club but they've increased the value of the club by 3 or 4 times what it was worth when they first bought it. United fans have absolutely no chance of getting rid of them unless there's a cash rich buyer waiting in the background, and they'll only be exiting when they decide to sell up. As you say, who is going to fork out several billion for United? Especially when you consider the current climate with the pandemic. The Saudis might but it's telling that they went for Newcastle instead who were probably worth only a tenth of what United are, so even they (the Saudis) were looking for value for money and United doesn't represent value for money.
The debt hasn't interfered with them winning trophies; it's bad management of the football side and the mishandling of organizational development that has. Long may it continue.