http://www.mufctrust.org response to Fergie-Glazer comments
Sir Alex has shown himself to be not only an exceptional football manager but also a very shrewd man. It would be an extremely foolish (and short lived) employee who did anything other than praise his employer in public.
We welcome the fact that some money has been made available and no doubt all Manchester United supporters would like to see a lot more to follow. Many feel the squad is in urgent need of strengthening and a cash injection of £100m might be required if we are serious about challenging for the top honours as we have done so successfully during Sir Alex's reign until recently.
Unfortunately until there is a change in ownership that kind of major squad investment will remain impossible due to the huge debt the current owners have saddled us with. Any squad investment is not coming from the Glazers own pockets but is simply adding to the huge debt, which must now be approaching £700m with the interest that is racking up.
The only long term solution for Manchester United is a club owned by supporters because there are no other owners who would allow 100% of the profits to be reinvested in the club.
This is the model already employed by giants of World football like Real Madrid and Barcelona who can afford to make this kind of major investment in their squads because they don't have to pay any of their profits to their owners. For this reason moving to supporter ownership is the only feasible long term plan which can re-establish MUFC at the head of the European football elite both financially and on the pitch.
MUST - the independent Manchester United supporters' trust
www.mufctrust.org
Formerly Shareholders United
www.shareholdersunited.org
We welcome the fact that some money has been made available and no doubt all Manchester United supporters would like to see a lot more to follow. Many feel the squad is in urgent need of strengthening and a cash injection of £100m might be required if we are serious about challenging for the top honours as we have done so successfully during Sir Alex's reign until recently.
Unfortunately until there is a change in ownership that kind of major squad investment will remain impossible due to the huge debt the current owners have saddled us with. Any squad investment is not coming from the Glazers own pockets but is simply adding to the huge debt, which must now be approaching £700m with the interest that is racking up.
The only long term solution for Manchester United is a club owned by supporters because there are no other owners who would allow 100% of the profits to be reinvested in the club.
This is the model already employed by giants of World football like Real Madrid and Barcelona who can afford to make this kind of major investment in their squads because they don't have to pay any of their profits to their owners. For this reason moving to supporter ownership is the only feasible long term plan which can re-establish MUFC at the head of the European football elite both financially and on the pitch.
MUST - the independent Manchester United supporters' trust
www.mufctrust.org
Formerly Shareholders United
www.shareholdersunited.org
posted by RN at 00:52
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