Really don't understand why threads that are civilly discussing the g&g situation keep being closed....threads that just repeat the g&g party line seem to stay open. Anyway, BB says that there are Manchester locals ready to buy Utd...sounds like the problem is solved, right? How much did they offer?
The validity of the green&gold and top-red/not a top-red has been overdone lately. It would be nice if this thread can discuss just the financial aspect of it all.
I was going to ask BB about the person talked about in the MEN story...he's a bookie, the article says. Is that an acceptable owner for a PL team?
http://www.dailymail.co.uk/sport/football/article-1250062/The-story-Manchester-United-protests-Good-old-days-unite-army-fans.html
http://www.sportingkicks.co.uk/shop.php3?prodid=2006&product=A http://www.joinmust.org/shop/product.php?xProd=57
If the hints about the Red Knights is true, then Fred Done would be one of 50 investors. How they would run the business is anyone's guess though obviously MUST and other interested parties expect to have some say. Whether this actually happens is another matter..... IMUSA's statement about wanting 25% of the club must be to do with some sort of future share purchase as no one in their right mind would spend £100m and then give it away! Until such a purchase went through then they may allow a fans representative onto any future board of directors (I'm totally guessing about this) I would suspect that the Red Knights, who'd be majority shareholders, would carry on letting SAF and David Gill run the club as they currently do at the moment. Fred Done just the other week spoke of how well he thought Gill was doing under what he suspects are strict financial restraints. How this would sit with some elements of the support would be interesting to say the least, as they actively hate Gill for not packing in his dream job when the takeover went through.
I don't personally care whether or not you change it--it certainly doesn't violate any rules that I'm aware of--but it's going to be difficult to engage in a discussion when every post you make essentially mocks the opposing side of the argument. Disagreeing with someone doesn't necessarily mean you need to deride them. Just something I thought I'd bring up, take it or leave it. Other than that, keep it clean and we'll see how long this one can go on without the personal attacks/insults.
I'm sure you will. What was that you said there NM? Achtung, looks like someone is fomenting bad blood. What are you gonna do about it?
I didn't get the math, first off....if someone was spending £100m, and there are 50 of them, that means they're spending £5000m, which would probably be something that the Glazers would go for....but that seems a bit more than the club is worth. My question was about Fred Done specifically, and him being a bookie. Can a bookie own the club, or is there too much of a conflict of interest there? I don't think there are 50 people in the world who would combine to spend £1B or so, and then give MUST/IMUSA £250m of it. I suppose that the g&g fans could pay dues, and then MUST/IMUSA could use that to fund their portion of the purchase price.... 20,000 people buying scarves x n = £250m => n = a lot more than the $4 that the scarf would cost.
You're right, my maths is off. I completely agree, they won't give a quarter of the club to the fans but they will allow them to purchase a stake (or so the current thinking goes). How long that would take I don't know, say 250,000 fans purchased £1k of shares as a guide. Some may buy more, a lot would buy less. I would think that all of the people involved would want the opportunity to take their money out at some point or at least expect some sort of return. Being fans, they'd be in it for the long haul so would probably be prepared to wait for their return, say once the debt is paid off. They may even have years when they waive a return in exchange for a mega purchase of a player or a stadium upgrade. Sadly for the match-goers, one area where I don't think the majority will be too lenient will be the price of match tickets. They might not raise them as steeply as the current owners but I can't see them cutting them back down again (as long as that £500m needs repaying).
Lynne, as far as I'm aware there'd be nothing in place to prevent a bookmaker owning part or all of a football club. Well if there is, Peter Coates is breaking the rules. He owns the bet365 group as well as Stoke City.
i just want to say i really hope the Red Knights can checkmate the glazers at least they are fans and would have good intentions. if this takeover happens it may not be the best decisions made but at least intentions would be good for the club. i also hope that the fact the identities of all Red Knights havent been revealed is a good thing. at least as far as i know no one knows all 50
Apparently a fan had a real go at David Gill.....there's audio available here. Gill was at Birmingham Uni and asked about his U-Turn on the glazers... http://www.guardian.co.uk/football/2010/feb/12/david-gill-manchester-united-debt