I'm a member of the Manchester United Supporters Trust.
This their view of the Sir Jim purchase
During 18 years of debt, decay and mismanagement, Manchester United fans have loudly and consistently called for change at our Club. When the so-called Strategic Review was announced nearly a year ago, it finally appeared that the sale of the club was on the horizon, potentially bringing the new investment and new direction MUFC so clearly needs.
“Against that backdrop, fans have very mixed feelings today. We welcome the investment from a boyhood red, Sir Jim Ratcliffe and his INEOS company, but many will wish his ownership stake was greater than the initially rumoured 25%. We note the statements that he and his team will control sporting activities, yet puzzle how any organisation can put its very core business in the hands of a minority shareholder, and how that meaningfully works in practice.
“It is now incumbent on the Club’s owners and management to properly explain how this new structure will work, where the new investment will be directed and how it will benefit the team on the field. As the Supporters Trust, we expect to have discussions with the Club management and the INEOS team in the near future to understand their plans, and to put to them the very many questions fans have today.
“Today might – just might – be a step forward for Manchester United after some very difficult years. But with the Glazers still in charge, people should understand that United fans will remain sceptical and wait for the proof in the pudding."
MUST
posted on 27/12/23
comment by Vidicschin (U3584)
posted 31 minutes ago
They will still be taking out the money to pay interest on the debt is more what I assume, Isn’t that around 50 million a year?
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That's a given sadly. The banks still owed a fortune.
With no CL football we could be in a bit of trouble too possibly as that will seriously impact spending.
They didn't want to sell the club though did they? I suppose you were right on that front. They are holding on for something? What that is though is a mystery as there's no chance of that super league going ahead.
posted on 27/12/23
They didn't want to sell the club though did they? I suppose you were right on that front.
……
I did say to all of those getting giddy when the sale was announced to read the last sentence. They were upfront with it to be fair to them.
posted on 27/12/23
comment by Vidicschin (U3584)
posted 7 minutes ago
They didn't want to sell the club though did they? I suppose you were right on that front.
……
I did say to all of those getting giddy when the sale was announced to read the last sentence. They were upfront with it to be fair to them.
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But they entertained offers so I suppose they were willing at the right price. Although the right price to them was so pie in the sky it kind of made the whole process pointless.
The statement they put out about us not being interested in Super League 2.0 made me laugh though. It was those two cretins pushing it in their country the first time around and everyone knows it. They want the super league. It's the fans that don't.
Wish they would just feck off and die now. 😂
posted on 27/12/23
comment by Vidicschin (U3584)
posted 1 hour, 57 minutes ago
SE 85
You are only looking at this through your eyes.
Look at it from both parties individually.
Jim has got his foot in the door, no doubt about that.
The Glazers still own the club and will continue to syphon money out of it. And bonus for them is they can take credit if it goes well or blame Jim if it doesn’t.
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This
posted on 27/12/23
I’m back! MU52
It’s going to be an interesting period of time with this partnership, seeing Dave Brailsford sat there yesterday looking full of importance, but what will a cycling expert bring to our club?
posted on 27/12/23
comment by RED666……🚽🚽 3-2 Liverpool (U6562)
posted 19 minutes ago
I’m back! MU52
It’s going to be an interesting period of time with this partnership, seeing Dave Brailsford sat there yesterday looking full of importance, but what will a cycling expert bring to our club?
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Performance enhancing drugs and blood doping, finally we will press like the Dippers in their prime.
posted on 27/12/23
comment by Franko Cantona (U22187)
posted 3 minutes ago
comment by RED666……🚽🚽 3-2 Liverpool (U6562)
posted 19 minutes ago
I’m back! MU52
It’s going to be an interesting period of time with this partnership, seeing Dave Brailsford sat there yesterday looking full of importance, but what will a cycling expert bring to our club?
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Performance enhancing drugs and blood doping, finally we will press like the Dippers in their prime.
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Exactly. Was gonna raise this issue. He's a doping lord. United desperate enough.
posted on 27/12/23
The statement they put out about us not being interested in Super League 2.0 made me laugh though. It was those two cretins pushing it in their country the first time around and everyone knows it.
……
I think that they are genuine with this statement. They have listened to the fans. Something we should be happy with.
They were very quick to change their stance when they got the rebound from the fans.
It would not surprise me if the Super League was being pushed on them by Ed and they went along with it.
posted on 28/12/23
comment by Vidicschin (U3584)
posted 22 hours, 55 minutes ago
When the so-called Strategic Review was announced nearly a year ago, it finally appeared that the sale of the club was on the horizon,
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If only they read the small print, which Drasdo if he is still in charge, clearly did not.
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He is and I'd be amazed if he hadn't - he is a small print kind of guy. He just has a different pov from you.
posted on 28/12/23
The Glazers are the toast of Wall Street, and The City of London. What they have done to UTD in terms of financial growth, will be studied for years.
They have masterminded one of the great hustles and in just 18 years, (in fact aboot 12 years) they sit on generational wealth.
It’s capitalism at its finest. Greed, for lack of a better word, is good. Greed is right. Greed works.
I hate the Glazers so much. To watch this great Club rot away on the football field, and they just let it happen.
And it was so avoidable…
I hope they will be forever reminded how incompetent they’ve been.