Forever in your DEBT!!!

http://www.guardian.co.uk/football/2011/mar/22/manchester-united-record-loss-debt?intcmp=239
Source: Getty Images


In 2005, Manchester United were taken over by American Tycoon Malcolm Glazer, and since that moment United enjoyed massive success on the field of play. 3 Premiership trophies, 1 European Cup and a couple of Carling Cups paint the image of a club on the cusp of an extraordinarily progressive wave. However as I have continually documented, this success has been in spite of The Glazers restrictive reign as opposed to a credit to their management. In fact it is fair for United fans to ponder the thought that had these owners not purchased the club, it is logical to assume that United would be fair and away the most dominant force in the Premiership and Europe. The team has continually competed with minimal investment and has in recent times been forced to sell their most prized assets whilst replacing these players with bargain bin purchases.

Today the Glazers parent company, Joint Football Ventures announced a record loss of £104.6m for the financial year ending June 2010. The owners accredit this loss to a lack of player sales. This is extremely worrying for Manchester United fans when the club owners blame a lack of player sales as the reason they are hemorrhaging money on a constant basis. Surely a club of Manchester United’s stature should not be forced to sell players in order to compete. According to Forbes, Manchester United are the most valuable sports brand in the world and this only adds to the unsatisfactory financial position of the club. Add to this the fact that the Glazers refuse to entertain offers then one wonders what motive the Americans have. They have been offered over £1 billion for the club yet remain stead fast in their refusal to sell. The Glazers appear happy to milk their cash cow for all it has and this can only be at the detriment of the team, the fans and the players.

Unfortunately the continued support of Alex Ferguson for the Glazers has disguised the financial standing of the club and until he speaks out in opposition of his bosses then the club will continue to hemorrhage cash and be forced to sell their prized assets to make ends meet. These men must go soon!!! Love United, Hate Glazer!!