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Why Glazers are the problem THREAD (cc @TheAthleticUK)
Part 1/3
- Bought club on leveraged buyout by taking loan out on clubâs assets
- Did not pay a single penny of own ÂŁ & Saddled club w/ ÂŁ790m debt
- Utd been debt free for 75 years (since 1931)
Part 1/3
- Bought club on leveraged buyout by taking loan out on clubâs assets
- Did not pay a single penny of own ÂŁ & Saddled club w/ ÂŁ790m debt
- Utd been debt free for 75 years (since 1931)
Part 2/3
- Glazers taken nearly ÂŁ200m in dividends/payouts since takeover
- Joel Glazer only sanctions signings when convinced he sees VALUE (what is value to them?!)
- At itâs highest, interest payments on debt were ÂŁ60m per year
- Glazers taken nearly ÂŁ200m in dividends/payouts since takeover
- Joel Glazer only sanctions signings when convinced he sees VALUE (what is value to them?!)
- At itâs highest, interest payments on debt were ÂŁ60m per year
3/3:
- Wanted to rebuild OT when they took over but now donât see financial sense in revamp
- Glazers ownership has cost Utd ÂŁ1.5bn in interest, debt & dividends
- ManUtd Supporters Trust - âno owner in history of football in any country, ever has take so much from from a club
- Wanted to rebuild OT when they took over but now donât see financial sense in revamp
- Glazers ownership has cost Utd ÂŁ1.5bn in interest, debt & dividends
- ManUtd Supporters Trust - âno owner in history of football in any country, ever has take so much from from a club
This cannot carry on. A club of Utdâs stature and commercial strength should be competing financially with the Bayernâs, Real, Barcaâs, chelsea/City of the world not the Leicesters
#GlazersOut #WoodwardOut #MUFC
RT please
#GlazersOut #WoodwardOut #MUFC
RT please
