EXCLUSIVE Glazers will listen to offers for United
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THE Glazer family are ready to consider bids for Manchester United - potentially throwing the club into off-field turmoil once more.
Less than three years after Malcolm Glazer finally won his controversial takeover battle in a deal that cost £831million, United's future is up in the air again.
Boardroom figures are privately conceding a sale in the short-term is likely after the Glazers realised United was not the cash cow they believed it would be.
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If they sell, there is bound to be a period of uncertainty just as manager Sir Alex Ferguson would be aiming to build on the Premiership triumph.
Financial sources in the City last night confirmed feelers have started going out from Old Trafford because the takeover was proving so costly.
Malcolm Glazer paid £790m, plus legal fees of £41.3m, to win his drawn-out fight for control of the world's biggest club.
But to do so he borrowed a staggering £559m from City institutions. Last year, a refinancing package, organised by merchant bank JP Morgan, only came after the amount owed to hedge funds had grown by another £71m, leaving a total debt of £660m.
JP Morgan's fees for that transaction came to £90m - the cost of three Wayne Rooneys - and the club now faces annual repayments of £62m. That burden is wiping out the bulk of United's profits.
Despite the capacity of Old Trafford increasing to 76,000, escalating player wages and the need to continually invest in the squad - the Glazers promised Ferguson £25m each year plus an extra £25m one-off for a star signing - account for a huge chunk of income.
Fans were outraged by ticket prices for next season going up 14 per cent and the cost of home cup ties rising.
The relationship between the club's management and the Florida-based owners is becoming more and more of an issue and with Glazer seriously ill after a stroke last year and having to put control of the business in the hands of his sons, it seems he is increasingly looking for a way out.
United chief executive David Gill was said to have been in a "really bad mood" before United's FA Cup Final defeat, preoccupied by affairs at the club.
One well-placed City source said: "What we're all hearing is United hasn't turned out to be what the Glazers thought it was. When they paid so much, they were convinced a lot of money was to be made.
"Buying United wasn't about owning a football club, but a business decision and from an investment point of view it's been little short of disastrous."
http://www.mirror.co.uk/sport/football/tm_headline=for-sale--%26method=full%26objectid=19194911%26siteid=89520-name_page.html -
cb glazer
wadever they do real or not.
Just dont sell to the chinese consortium -
I dont like them since the takeover.
Cheers.
CK -
The problem is that they ate a pie too big for them. That's what happens when you insist on wearing a hat too big for your head.
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knn sell to temasek holdings la..
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good what keep take over then more money for united
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Must see who takeover 1stOriginally posted by ghimpheng:good what keep take over then more money for united
If one poor buisnessman take over and make even more loans to do so Man Utd as good as GG -
shit man.. worst is haf to sell de top players to finance de club tat will sux.. man u will go down like leeds.. cb kia.. ask roman come buy us over ah..
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Confirmed to be rumours.
http://home.skysports.com/list.aspx?hlid=468506&CPID=8&clid=1&lid=2&title=Glazers+rubbish+sale+claims
Get some reliable sources for your football news, guys.
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Money is the root of all evil.
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no wind no wave... chinese translation
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Soccernet has official statement that this is rumours.
In any case, whether or not there really is such consideration by the Glazers in the background, the news and football tabloids will always come up with such stories. -
I am starting to believe that there is some truth cause it seems MUFC's transfer plans are all out of the window.
don't agree??
look at owenH, why was he not signed?
Bale signed, Sidwell signed, and none dragged longer than MUFC..
and now spurs going after nani...
what really happened to MUFC's transfer targets???
I believe it directly relateds to the topic.
if they are selling, they won't be pumping money in.
and considering this season, MUFC has a bumper harvest.
it will be a shame to cut and run. -
If you take a look at past years transfer targets and you'll notice that ony 1 or 2 players speculated are eventually signed.Originally posted by iceFatboy:I am starting to believe that there is some truth cause it seems MUFC's transfer plans are all out of the window.
don't agree??
look at owenH, why was he not signed?
Bale signed, Sidwell signed, and none dragged longer than MUFC..
and now spurs going after nani...
what really happened to MUFC's transfer targets???
I believe it directly relateds to the topic.
if they are selling, they won't be pumping money in.
and considering this season, MUFC has a bumper harvest.
it will be a shame to cut and run.
And furthermore, Fergie is a complete transfer nut.
I hate to say this but Fergie's buys are like Toto. If we're lucky enough to strike jackpot then of cos it's good news. Otherwise... hmm...
Also, Fergie has the habit of going after a player and not meeting the club's asking price. He'll drag on and on until the player's price keeps soaring and eventually signing the player 2X or more than the asking price. Either this or regretting not signing the player a few years later or signing the player 3X or more than the original asking price.
Cheers.
CK -
MAN UTD IS SO GOOD!
MOD: -
bcoz its manu tats y signing r more expen... nt Fergie is a complete transfer nut.Originally posted by CKeer:If you take a look at past years transfer targets and you'll notice that ony 1 or 2 players speculated are eventually signed.
And furthermore, Fergie is a complete transfer nut.
I hate to say this but Fergie's buys are like Toto. If we're lucky enough to strike jackpot then of cos it's good news. Otherwise... hmm...
Also, Fergie has the habit of going after a player and not meeting the club's asking price. He'll drag on and on until the player's price keeps soaring and eventually signing the player 2X or more than the asking price. Either this or regretting not signing the player a few years later or signing the player 3X or more than the original asking price.
Cheers.
CK
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I highly doubt so. There were chances where United can sign players at a much cheaper price but they bail out.Originally posted by tarcki:bcoz its manu tats y signing r more expen... nt Fergie is a complete transfer nut.
Fergie is really a transfer nut la. I believe that in the next few season where Bale has murtured at Spurs, United will come knocking at their door and forking out 20m for his service.
Cheers.
CK -
The same way Rafa Benitez refused to pay 10-12m for Daniel Alves and now the guy costs 25m?
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To me, the key is not Fergie but his scouts, and one of them being his brother..Originally posted by CKeer:I highly doubt so. There were chances where United can sign players at a much cheaper price but they bail out.
Fergie is really a transfer nut la. I believe that in the next few season where Bale has murtured at Spurs, United will come knocking at their door and forking out 20m for his service.
Cheers.
CK
He relies on these scouts to paint a picture and then he goes to see one or two games where the players knowing his presence, puts in a 110% effort.
And then he say "hmmm, good buy"..
And the players' club knowing Fergie is here, just raised the price by another 100% or more.
Vicious cycle. -
and normally, I believe the transfer dealings are not handled by Fergie.Originally posted by CKeer:If you take a look at past years transfer targets and you'll notice that ony 1 or 2 players speculated are eventually signed.
And furthermore, Fergie is a complete transfer nut.
I hate to say this but Fergie's buys are like Toto. If we're lucky enough to strike jackpot then of cos it's good news. Otherwise... hmm...
Also, Fergie has the habit of going after a player and not meeting the club's asking price. He'll drag on and on until the player's price keeps soaring and eventually signing the player 2X or more than the asking price. Either this or regretting not signing the player a few years later or signing the player 3X or more than the original asking price.
Cheers.
CK
If I am not wrong, he would identify some targets, and then people in the club will go ahead and negotiate.
And then the final decision will then come back to Fergie, by which time, the price already shot up.
How I wish I was in their seats.. surely will ask for perks..
Typical singaporean.