To those business savy blues out there - hopefully you can clear something up for me.
I keep hearing Scruffy Jim's dealings at them as "a minority takeover" - does such a thing exist??
No, it doesn't. Catweazle has made a minority investment. The Glazers
still own the majority of the shares and virtually all of the shares with
voting rights. To me, the Glazers have pulled off a real stroke of genius with this one.
They have trousered £1.3 billion and handed over (got rid of) the responsibility for
the footballing side of things. If things improve on the field, then in all probability,
the profits rise, and the share price increases as does the amount they can hoover out in
dividends each year. If it all goes Pete Tong on the pitch, it's not their fault, Over to you Jim...
As for the new / refurbished stadium plan, the Glazers, are just playing to the crowd. It will take
billions of pounds, regardless of what they do and it will also take years to do it. However, it generates
positive media coverage and the sheep keep eating the grass. When it comes to financial investments and
making money, the Glazers know exactly what they are doing.