Mike wrote:Well reasoned response Al - was is from the MUST publicity department? Is there a MUST website?
No it wasn't from the MUST publicity dept, but I've been involved with them for long enough that I guess my replies can come across as very much toeing the organisation line.
Oh and yes there is a site (
http://www.joinmust.org) and there will be a campaign specific site soon-ish.
Andy wrote:Hmmm, if Tevez hadn't scored would the vehement have still been there? Only joking, football inspires us to be on the edge of our emotions for some reason.
Hell yes, I've been on enough protest marches and spent enough of my free hours handing out leaflets to Norweigan/London/Suffolk/etc fans who didn't give a toss in the last 6 years to realise that I REALLY hate the glazers...and a certain percentage of our fans! I've been abused, ridiculed and frozen half to death (we like protesting in the winter apparently....

), but yet I'll still be there for whatever protest we decide is necessary.
Andy wrote:I was actually pointing out to you that it ain't just you that has problems like this, every club has its own story. If we asked Fez he'd probably have major issues against Gillette and Hicks. If we look at other clubs, Portsmouth fans are wondering if they will have a team to support next year, West Ham have been bought and the new owners have no money (again!) to invest in the club. It's rife at the moment.
The Premiership has made the whole league set-up a very 'them and us' situation. Greed is always the problem and you only have to look at the likes of yourselves and Leeds to see how easy it is for businessmen to drag once huge clubs to their knees in a very short time-scale.
Andy wrote:The FA's 'fit and proper persons' review is a joke imho, I cite Portsmouth as my prime example - one owner who doesn't actually have any money before selling it on to a random group who have never appeared and payments are always late - and also that ''Mr Sinatra'' at Man City who was just a sleazebag in terms of humanity.
Exactly. Basically money or even the concept of available money is all that wins out with that bunch of money-grabbing muppets at the FA. Get rid of the lot of 'em and involve people like the Football Supporters Federation a say in who is allowed to run/own clubs.
Andy wrote:I feel for you in the fact that, from the way I see it, you have a major problem if this share issue goes ahead because even if the club's value drops, they aren't going to be that bothered about selling if they begin to make money. As you say, they haven't actually spent anything on it. I do feel you have a better chance of being sold than us - I'll face facts on these matters and say you are a bigger global brand (I'd imagine you're behind Real Madrid at no2 whereas I think we were no18 last year) and you have a more prestigious name/history. But if the club's making money they will only want to sell at a massively inflated price and yours is far bigger than ours and most clubs - the 1billion+mark - and I can't see anybody buying it because they love it that much. Blimey, I never thought I state that I genuinely actually feel sorry for Man Utd!
It's not a share issue...yet. Bonds are basically other people buying debt for a lower interest rate than traditional loans are currently set at. Here's a decent explanation:
A bond is a debt security, similar to an I.O.U. When you purchase a bond, you are lending money to a government, municipality, corporation, federal agency or other entity known as an issuer. In return for that money, the issuer provides you with a bond in which it promises to pay a specified rate of interest during the life of the bond and to repay the face value of the bond (the principal) when it matures, or comes due.
Andy wrote:BTW, if it is sold in the near future for a loss, who is going to saddle that loss? You seem to say it is the Glazers or do you mean that they will lose money on their comparatively small investment which was probably a fair few million? Also, If the bond issue is successful and the club is sold, will the Glazers walk away with all the profit? If so, then that is totally wrong.
The club saddles the majority of the loss. The glazers re-financed the deal to leverage (hate that word) the majority of the debt onto the club itself. If the glazers default on their repayments then the banks get to appoint people to the board of directors. Given the glazers are potentially looking at selling and re-leasing at the very least our training ground (even possibly Old Trafford), then the situation must be serious.
If they sell then the glazers will get more cash than the club I expect...gonna take one huge investment to sort this one out!
Besides, at the moment, if the bond issue goes through then the glazers could possibly take £130 million out of the club next year! Which will definitely see them back in the black...and United deeper in the red than ever before. Not exactly a great situation to be in...
