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Premier League 22/23 Thread
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<blockquote data-quote="weasel" data-source="post: 553509" data-attributes="member: 14"><p>Even as a Pool fan I do hate what the Glaziers do. They are leeches, plain and simple. But fair play to them, buying a club using NONE of your own money and paying yourself £50m a year in "consultancy fees" while making no effort to pay off the debt is a bloody superb deal…..for them! It couldn't be worse for Utd. Bought using borrowed money, secured on their assets, using your own money/income to pay the owners and the interest while having less to invest in the squad and stadium. Not sure where the plus is for Utd, it just seems like a series of negatives.</p><p></p><p>BUT that is the risk you run when you list on the stock market, and Utd had the advantage of that money for a decade or so before they got taken over.</p><p></p><p>Also, rumour has Fergy was partly to blame after his stupid legal case against JP McManus, the latter was pissed off and happy to sell his stake in Utd. Had Fergy not tried to sue him over some nonsense the Glazier's may not have been able to take over. Or he may well have sold anyway, who knows.</p></blockquote><p></p>
[QUOTE="weasel, post: 553509, member: 14"] Even as a Pool fan I do hate what the Glaziers do. They are leeches, plain and simple. But fair play to them, buying a club using NONE of your own money and paying yourself £50m a year in “consultancy fees” while making no effort to pay off the debt is a bloody superb deal…..for them! It couldn’t be worse for Utd. Bought using borrowed money, secured on their assets, using your own money/income to pay the owners and the interest while having less to invest in the squad and stadium. Not sure where the plus is for Utd, it just seems like a series of negatives. BUT that is the risk you run when you list on the stock market, and Utd had the advantage of that money for a decade or so before they got taken over. Also, rumour has Fergy was partly to blame after his stupid legal case against JP McManus, the latter was pissed off and happy to sell his stake in Utd. Had Fergy not tried to sue him over some nonsense the Glazier’s may not have been able to take over. Or he may well have sold anyway, who knows. [/QUOTE]
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