Hilarious how the rag fans and media think they can put pressure on the glazers. The penny doesn't seem to have dropped yet that the glazers give zero fucks about them or the club, just money.
United helps FUND their other businesses while growing in stock market value. Meanwhile, FFP isn’t an issue because they just have to cover their recurring debts from the cash cow proceeds.
There will be no SERIOUS discussion of a sale unless or until one of two things happens:
1) The cash cow stops producing their milk money, or
2) They need to extract their investment for another, even more lucrative venture.
Given the borrowing potential to avoid (2), it appears United is going to have to miss out on Europe for a few seasons in a row or keep funding the Glazers’ lifestyle and U.S. Pro Sports empire!
From
Forbes:
“After Malcolm Glazer died in May 2014, the family was left without its leader, but still firmly in control of an impressive real estate and global sports empire.
The Glazer clan built a commercial real estate fortune through First Allied Corporation, which today owns more than 6.7 million square feet of premium shopping center space across the U.S.
What made the Glazers better known, though, was their ownership of sports teams. Malcolm bought the Tampa Bay Buccaneers in 1995 for $192 million; today, the team is worth more than $1.2 billion.
In 2006, the family purchased British soccer powerhouse Manchester United for $1.4 billion in a controversial deal. With soccer team valuations ballooning, the Glazers have been selling shares in the historic team, now worth $3.1 billion; the family controls 83% of the voting power in the publicly traded team. The fortune is shared by Malcolm's widow Linda and the couple's six children.”
They’re going nowhere fast!
