RE: Manchester United Add More Debt
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Manchester United have been slaughtered by the glazers for a long long time now. And these new rules can only hurt them more. The glazers have been taking out money from the club and pumping them into their real estate business all along. And in their American clubs too, which are in NFL or MLB as much as I remember.
The fans have been protesting for a long time now. If the glazers don't sell, they will have to invest into the club, which they don't want.
That is why last month they were looking for a buyer, they aren't rushing, but looks like these new rules will finally make them sell the club and the fans can rest easy.
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I don't see them selling and why they inflated the selling price. Why would you sell a business if you can milk it regularly? They pocketed over 30 million this year and haven't had to put any money into the club. That is great as it is a cash cow and they honestly don't care how the team performs as they will always be taking money out. In some ways they are very happy as the club is right now as it generates enough for them to keep taking out. The investor they were trying to bring in was US based and they don't want any influence from the local fan cub as they don't care. I do not see them selling anytime soon.
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They inflated the price of the club yes, 4 billion is a big number and that ain't the value of the club. The club is working as a cash cow but they have other businesses. And this club isn't their only business. So no liability in holding on to it. If the backlash reaches a boiling point then they'll have to sell.
Americans care a lot about their reputation. Glazer's main business is real estate, running clubs isn't even their priority. If they can get upwards of 3 billion from this sale, I do believe they'll sell. As they have investments lined up in this bear economy.
There is no need to sell so my bet is they hang on to it. if someone shows them their asking price which is seriously over value then they will sell. This family doesn't care what the fans or public think so everyone is in for a long wait. When you paid nothing for something and are banking millions from it each year it is a prized investment.
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