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And don't go following that Guevara boyo. Had people shot for listening to the beatles. Scouse or not, that's bad form. |
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The Glazer's see United as a business with a substantial amount of its revenue coming through merchandise and ticket sales. Boycotting merchandise and boycotting games would substantially reduce the income of the club and with it struggling to make the profit that the Glazer's require it would force their hand into a sale. Obviously this all works in theory, but may not in practice as there's the argument that Old Trafford can be filled ten-times over, so no matter how many supporters boycott there will always be replacements to fill the seats. Then there's the argument that a dip in merchandise and ticket sales revenue would provoke the Glazers to simply take a more radical approach in making money off United's assets through the re-naming of Old Trafford and the sale of Carrington. I've always felt that giving a boycott a chance is better than doing nothing, and the way things are going we won't be getting rid of Malcolm until he's happy to go IMO. I'm just a simpleton with a love for United though. I'm no business expert. |
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Re: United to pay PIK debts in full
Have I been sent a WUM?
Qatar Holdings, an investment vehicle for the Qatari royal family, have confirmed a period of due diligence on a £1.5billion takeover of Manchester United. The Gulf state of Qatar has already landed the right to stage the 2022 World Cup finals in an audacious international coup. The Qataris have also accumulated a huge range of trophy assets in England including the Harrods store and spectacular London properties such as One Hyde Park, the Shard of Glass and the US Embassy in Grosvenor Square. Just before Christmas the Qatar Foundation, the charity wing of the ruling family, bought the sponsorship rights to the Barcelona shirt. It was a declaration of their intention of getting Qatar accepted as a global football brand. Amongst other brands it owns VW and Porsche. Its chairman, Sheikh Hamad Bin Jassim Bin Jabr Al-Thani, who is also Qatari Prime Minister, is keen to add to their portfolio of investments and sees United as an iconic acquisition. The arrival of the Qatar billions (estimated to dwarf the £550 billion enjoyed by City's owners) would pave the way for the end of the controversial Glazer family reign. The Arabs can satisfy any request for proof of funding from the Glazer family in the United States and are also willing to fund a massive transfer fund for manager Sir Alex Ferguson. United's huge fan base around the globe are certain to welcome the change of ownership from the controversial Glazer regime. Speculation that there was a change in the Glazer's policy aired a few weeks ago when they reduced United's debt by paying back around £200m in PIK loans and hinting at a share issue and many City observers believe that reduction in debt would spark a Glazer sell-off. There were even rumours that the funding for the change had come from overseas investors keen to take a stake in United but the Glazers denied this. Qatar Holdings will confirm that they have set aside around £2.5bn in funds to purchase the club and provide Sir Alex with unlimited spending power in the transfer market. So far the Glazers have resisted attempts to drive them out of Old Trafford even though the fans have been so critical of their reign, but now the scene is set for the Glazers to leave with a massive profit. Qatar Holdings have been linked with a host of European giants including Barcelona, Real Madrid as well as Premier League rivals, Chelsea, Liverpool, Tottenham and Newcastle but United have always been top of their wish list. This purchase of United would leave the club debt free and the most powerful club in the current world transfer market and even neighbours City, with their relative wealth, would find it hard to compete with the red revolution at what is already by far the most successful club in England." |
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