Plain Speaking
Well-Known Member
- Joined
- 12 Dec 2010
- Messages
- 5,096
For all the Utd fans saying their money and success was achieved entirely within the applicable rules of the time:
Utd's sugar daddy was floating on the stock exchange. The financial returns expected of Stock Market companies were against FA rules, so United, (like Tottenham Hotspur before them), bypassed those rules by forming a holding company, Manchester United plc, and floating that.
Also they have done many off the books sweeteners to get players. Busby organised the purchase of a house for Duncan Edward’s parents. This was done to persuade him to sign for United rather than his local team, Wolves, who he had been associated with previously.
Then Busby arranged for 16 year old Peter Lorimer's dad to be given a brown envelope containing £5,000 to sign for them, (in the early 60s that was 10 times the average annual industrial wage!). After he insisted he wanted to join Leeds, his dad handed it back.
When Ryan Giggs signed his mum had her house fully kitted out with white goods.
When Nicky Butt signed his dad drove out of OT in a brand new Mercedes etc...
Utd's sugar daddy was floating on the stock exchange. The financial returns expected of Stock Market companies were against FA rules, so United, (like Tottenham Hotspur before them), bypassed those rules by forming a holding company, Manchester United plc, and floating that.
Also they have done many off the books sweeteners to get players. Busby organised the purchase of a house for Duncan Edward’s parents. This was done to persuade him to sign for United rather than his local team, Wolves, who he had been associated with previously.
Then Busby arranged for 16 year old Peter Lorimer's dad to be given a brown envelope containing £5,000 to sign for them, (in the early 60s that was 10 times the average annual industrial wage!). After he insisted he wanted to join Leeds, his dad handed it back.
When Ryan Giggs signed his mum had her house fully kitted out with white goods.
When Nicky Butt signed his dad drove out of OT in a brand new Mercedes etc...