Alan Harper's Tash
Well-Known Member
- Joined
- 12 Dec 2010
- Messages
- 57,450
They can’t be that attractive to buy as an investment though currently?I’ve said a million times Utd was destined for a death spiral until the Glazers finally decided to sell. Now that day appears to be at hand. I’ve seen this kind of press release a few hundred times. The other “alternatives” they’re “exploring” are non-existent. They are selling.
They’ve looted the coffers, left them second tier competitively with a crumbling stadium, no youth program, a declining brand and an overlevered balance sheet. And yet I’m guessing someone will pay far above the odds for the “glamo(u)r” of owning this club.
In short, this has been a wildly successful LBO on every level.
I’ve enjoyed their decade of LOL comedy and their spoiled rotten fan base meltdown. And I’m enjoying this last great stage encore of their conquering hero melting into a pool of hair gel before everyone’s eyes.
But the bell is tolling now. They may not get better; they may get worse. But as long as the Glazers owned them, after Ferguson it was a 100% stone cold lock they were gonna get worse.
It was awfully fun while it lasted.
The EPL won’t be on top forever and the ESL seems dead in the water.
The stadium, training ground, other infrastructure and team needs Billions of investment.
Add that the the crazy price the Glazers would want and it rules most people out.
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