Date:Sunday December 13 2009
OK, I presume you all heard by now that according to the News of the World, a group of billionaires have prepared a plan to buy Manchester United for £1BILLION. The tabloid reports that the consortium, based in Bangkok, consist of six mega-rich Far East businessmen who are ready to put money on the table to buy out the Glazers.
That would mean the disappearance of the crippling and worrying debt and would increase our potency in the transfer market. Any fan's dream, surely? Well, the reality looks somewhat different to me.
First: we do not know whether the Glazers are prepared to sell. They would make some neat profit on their initial investment though and as they're struggling to refinance their PIK (Payment In Kind) debts they might be ready to listen to such a tempting offer.
So let's assume they would sell. The bigger question is that why would anyone want to buy the club right now? Because let's face it: you can't squeeze much more cash out of United at the moment, with an insane TV deal, a record sponsorship deal and very high ticket prices. We are struggling to sell out the stadium for Carling Cup and some Champions League games and there's a problem with the sale of corporate tickets as well, thanks to the economic crisis.
I'm no expert at economics but those who are predicted that the TV money will decrease and we really can't charge more for tickets. So any new investors coming in must face the fact that they are unlikely to make profits on their investment in the foreseeable future as the level of investment required is massive. Only if the businessmen in question are ardent United fans with no interest in making even more money this takeover has a realistic chance of going through. And very few businessmen are like that...
Date:Sunday December 13 2009
Powell Hull Bound? (Thursday January 29 2015)
Cambridge Malarkey! (Thursday January 29 2015)
Another Central Defender Added to United`s List (Wednesday January 28 2015)
Zaha Set For Permanent Palace Move! (Wednesday January 28 2015)
Fletcher Move Stalls! (Wednesday January 28 2015)
Rafael Could Be Back! (Wednesday January 28 2015)
A Nice Little Nice Earner (Tuesday January 27 2015)
United - Beware Real Cash Splash! (Tuesday January 27 2015)
Valdes Makes United Debut (Tuesday January 27 2015)
It`s Preston or Sheffield United for United (Monday January 26 2015)
|Aston Villa||1||-||1||Man Utd|
|2. Man City||22||14||5||3||23||47|
|4. Man Utd||22||11||7||4||15||40|
|7. West Ham||22||10||6||6||10||36|
|Sinclair, Demba Ba & Others
» Aston Villa : 29/01/2015 14:11:00
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» West Ham : 29/01/2015 13:02:00
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» Man Utd : 29/01/2015 12:58:00