Posts Tagged → LUHG
I’d like to reward at least one person from my followers on twitter for their support towards the cause. The cause is the promotion of what’s wrong in football, not just removing Glazer. I’ve done this in the past but I believe this is a mile stone to do it. People say its dead but when someone sees just one Green and Gold scarf, they start thinking about the issue. That for me, means a psychological solution to the problem. Am going to send out one free Green and Gold scarf to the 2,000th follower of the @wewantglazerout twitter account. Worth £5 and it will be from The Manchester United Supporters Trust. I’d love to send everyone something but I don’t have a money tree. I’ve done these in the past and I’ll consider doing another one in the future for the next big mile stone.
The Rules -
These are my rules, I’ll tell you if your the 2,000th by twitter. Don’t tweet at me moaning you were it, I’ll ignore you. I decide.
No fake accounts. No repeat accounts. Example, unfollowing, then following back.
Must hate Glazer and I will post anywhere in the world depending on location, access(Libya might be hard to post to but I’d try) and postage price. The person notified should contact me within 24 hours otherwise it moves to the next person. If you contact me saying you already have one, I can pick someone else, instead.
The Aim Is To Promote The Cause Against Glazer and The Issues Within Football Ownership and Governance. Spread it and don’t forget it.
Your now thinking this is going to be about how Manchester United should have spent big money to compete with other clubs and next your going to think I am going to ramble on about how we should have. Infact this is the true story not only of past transfer windows but future ones to come. It all starts back in the Summer of 2009, when a certain club called Real Madrid decided to to splash the cash. At the very time I was on the other side of the world in San Francisco, so if anyone was unconnected and shocked by that weeks events it was myself. I went off one morning and found a Starbucks with wireless internet, put the BBC news page up and there it was Kaka had just moved to Madrid. Afew days later I woke up with a text message saying ‘Ronaldos been sold to Madrid’. I never get messages about football news stories, so for this to be sent means its big news. At that time I am thinking. ‘We’ve just built a great squad, we’ve been in two champions league finals, so why the hell are we cutting it up’ I was also thinking something else and this has always stuck in my mind. They’ve told all the season ticket holders as a ploy, just days before the renewal deadline ‘Ronaldo would not be sold’, all just to sell season tickets, then just after it our best player & the best player in the World is sold off. So I get back to Manchester afew days later and the world to me has gone totally nuts.
This is where the business side of the story comes in. All the figures given are true straight from United’s official accounts. In June 2009 United sold Ronaldo in a £80m deal. In January 2010 it was also reported United had already been paid £35.9m from AON from the new £80m sponsorship deal. This shows up on past accounts. So those two big payments of money are around £116m. In May United was to have reported £95m in cash in the bank, later on it was £162m, and the latest now is £151m in cash in the bank. At this point everything sounds brilliant £150m in the bank, happy days. The problem is of the £80m in the sponsorship deal United have already received £47m. When you add the Ronaldo money to this that’s £127m of £151m cash in the bank. If you are reading that like I am, without the two AON payments and without Ronaldo money since June 2009 the club has only been able to create extra £24m or £35.8m in cash if you take out 2010s payment. To me that’s pretty worrying. With all the prize money, TV money, extra sponsorship deals and increased ticket prices, it shows there is a very good reason why the club hasn’t seen alot of movement in the transfer market. This is not to say the market isn’t over valued, in areas it is. Some of the figures that have been paid out for certain players by City, Chelsea, Villa and Liverpool have been very silly. The reason Manchester United haven’t been out and got a £20-30m player isn’t because they can’t, its because if they do that money is then gone and to recoup that money could in theory take 12-18 months or longer just to get back £30m. One other area shows that at one stage cash reserves reached £162m but then dropped by £12m, so this shows any budget changes or increased costs within the club could have a big effect. The biggest problem I see is if United went out and spent £115m tomorrow on either the stadium or the team, there is only a £35m gap for the budget to be increased, once over that you need an overdraft or you need to find another source of income quick. Remember this is football and alot can happen in a short space of time. This to me is alot more shocking and alot more worrying than any debt and the problem in part is the debt. If United removed the interest payments that gap goes from £35m to £80m. Now I am pretty sure if that was the case, the club would have more access to the transfer market and there would be more value. The fact is until that £45m interest payment is removed and the Government recommends we get a share in our clubs, we are unlikely to see any increase in transfer spending outside of the Ronaldo money at Manchester United in years to come. When the Ronaldo Money is spent, that’s it, that’s the reason it’s not been touched and it won’t be touched.
Love United Hate Glazer
Just before Ronaldo was sold, the only stories about signings from David Gill was ‘we won’t sell Ronaldo’. What did they do, they sold him. Now I’d say at least once a month, maybe more we have the Manchester United Chief Executive commenting on how we can still afford big names but there IS ALWAYS A TWIST. This time the excuse is ‘we are hoping the youth team produces the next big thing’. No one is saying the youth squad can’t produce great players but why is he saying we can compete but then start to make an excuse why we haven’t or won’t spend?
Manchester United have always invested in top young players who have made their mark at other clubs. Am sorry but Darren Gibson is no Roy Keane. Obertan is no Ryan Giggs. Roy Keane was destroying teams as soon as he walked into the side at the age of 21. Gibson is 23, doesn’t seem to be moving forward and still watches the game. Obertan still has a chance but he needs to take it. He’s in his second full season now and needs to impress sooner rather than later. Giggs at his age had played around 100 games and scored 28 goals in the league alone. In the past 10-15 years when a top player has been coming to the end we have always gone out and found gems. Some have been record breakers and expensive but others haven’t. Its not a pop of Gibson or Obertan its a pop at David Gill because we have two other players in the 1st team who remind me of a younger Keane and Giggs. Rafael and Hernandez. Both have been given a chance and now I’d rate them against any other players in the same positions in the league. To me Rafael while young and sometimes seen as reckless, has that never say die attitude. The same is true with Hernandez. The energy, skill, pace and attitude of both show these players are out there, David Gill just needs to pull his figure out of Glazers arse. If there is a young 19-21 year old somewhere in England or Europe who matches their attitude, go and sign him up. Am talking about a quality midfielder. He doesn’t even have to be young. He could be 24 or 25 but a player who can come in and perform. If he costs £3m or £20m, doesn’t matter. Using excuses like their is no value or we’ll use the youth team, while telling me and you, ‘we can sign megastars’ does not quiet wash with me and I don’t buy it. Don’t talk to me about paying £45m a year to insurance companies over some bonds, with £150m sat in the bank and then talk about ‘we can buy £40m players but instead we’ll use the youth team’. Making out as if your going to spend big but never do, is a horrible trick to spilt the support. Its awful tactics. If your not going to sign anyone as you’ve clearly made out, why bother telling the fans there is £100-£150m sat in the bank? If the stadium won’t be expanded and they won’t invest in the team, the only business plan on offer is to try and pay the debt off. They clearly aren’t going to drop Old Trafford ticket prices, so what he’s getting at about signing big names etc makes no sense. He doesn’t say anything important for many years, now he can’t keep it shut.
I do as many blogs on Tampa Bay as I do Manchester United these days because they are also in a pickle. The poor performances of the team during 2009 and 2010 saw attendances at their publicly owned stadium drop. From selling out every home game since 1996 when the American council house was built, they failed to sell out a single home NFL game. Not only that but all their home games were blacked out from tv as stated in the NFL rules. So far they’ve had poor performances, failed to get on TV and seen attendances drop by significant numbers. Now if United started coming 10-15th in the league for two seasons on the run after poor performances, saw attendances drop by 20,000-30,000 over night and then didn’t see a single home game on TV, it would be big world wide news. People would want answers and heads would roll. In the NFL they seem to take a lighter view as its only 4 teams in each league and its a different sport. After all that I’d say this is a victory for all those wanting the debt ridden owners to give some back. They have reduced ticket prices and not just by a couple of % some have dropped by 30%. 10,000s have mostly dropped by 20%. A 31% drop is a ticket in the East Upper In Old Trafford Dropping from £36 to just £24. That’s the sort of price drop in some areas of the stadium. Heres a list of the price drops.
- Adult Tickets
Lower row West sideline:
Last season – $85
Next season – $79
Upper West corner
Last season – $65
Next season – $52
East side upper level sideline
Last season – $85
Next season – $72
East upper level
Last season – $75
Next season – $52
East corner end zone
Last season – $99
Next season – $89
- Youth Tickets now cost $17.50 instead of $35
- Stadium Parking Is 40% Cheaper.
- Season Ticket Holders now receive 10% off all food, drinks and merchandise purchases.
- They have introduced a 10-month payment plan for season tickets.
The Glazers have also had the cheek to say ‘we’ve listened to our fans and made changes’ well they should listen up in England because we’ve been telling them from day one. You made a big mistake.
One thing every Manchester United fan will know is the Glazers don’t do publicity. That is until now. The problems this time aren’t coming from Manchester, this time its from on the other side of the pond in Tampa Bay. In the States they are more public than here but when I say more public, this is the first time this season (its ended already) the Glazers have spoken to the press and the fans publicly. There is the odd comment from behind closed doors or at private NFL events but hardly any direct speeches or interviews to the press or the fans. Bryan Glazer said… Many teams ”are happy we’re not in the playoffs because we could have done some damage,” but Bryan your not in the playoffs, you didn’t get any games on tv and you didn’t sell out once. On top of that your fans think your running the team and many of them are worried about it being sold to Eddie Debartalo. Many other NFL fans want the Glazers to sell up.
Bryan Glazer is treating the Bucs much like Chelsea or Manchester City. Over hyping what is slowly becoming below average. The Glazers have big enough problems, that they have to hype up the team publicly and for them to go that far it must be bad. With Manchester United they know this is off limits because they’ll get buried into the ground. David Gill is no longer seen by many people as more than a puppet, its hard to take him seriously unless you have the brain of a City fan. Only a fool says ‘wait and see’. This can apply to the Bucs plan of spending fuck all or Uniteds plan of we have £100m in the bank for players, but we’re not touching it via the managers ‘theres no value’ comments. Bryan would be seen like that before he opened his mouth. In America from the comments I’ve seen, Bryan Glazer could very well be their David Gill. A pointless PR spin machine, picked up by most who read the headline before they read the quotes.
In this blog am going to cover a Qatar takeover and United in general. First up is the team and squad its self. I commented before Villa how United might be running into abit of form. Now against Villa it was lacking but since then apart from that battering against West Ham United, we have been unbeatable. There are kinks in the armour, so we shouldn’t forget that. Talksport were having a Thursday night discussion about Fergies comments on the future of our best goal keeper for along time. Edwin Van Der Sar. We’d all love for a young keeper from within the club to come in and take the number one shirt. That sadly isn’t going to happen. In such an important position we need to pick a keeper who has been solid for another side for a good number of seasons. He needs to be 6 foot plus, calm and have experience. Ferguson has to go shopping and hopefully he will do.
In the League United have done very well 20 games played 44 points. It was only the weather holding us back, or Chelsea’s lack of form. The Chelsea game was something that annoyed many fans as other games went ahead. Despite all the snow/ice we had in Manchester, City of all teams had no problems getting their games on. I’d call it a conspiracy, playing bad, lots of games one after the other, lets use the weather. You could say the same about one or two other games that weekend. With two games in hand on City and a game on Arsenal we could have been on 50 points and 8 points clear of City and 15 clear of Chelsea only at the midseason point. Theres no reason to say we wouldn’t have beaten both Blackpool and Chelsea to achieve that.
With a win over Liverpool in the cup, United are in a prime position. Arsenal and City both have midweek games in the FA Cup 3rd round which means when we come to play Spurs on Sunday, in-terms of that weekend it could be an advantage. We only play Southampton in the cup, so I won’t mind see those two games go against them. An Everton win and we could see a clean sweep of early PL exits before the end of the 4th round.
Manchester City are again splashing out and this leads to the Qatar. I come up with a quiet simple way that for starters I’d be happy for them or anyone else to take over. The Club has a problem of the Glazers. They put, take, lie and generally act like retards. If they cared about the club, they’d talk to the fans instead of treating us like idiots. We pay for tickets and are therefore as they say ‘we are the customers.’ First rule of customer service. The customer is always right no matter how daft it sounds. They don’t treat it like that. Even after protests and even the government telling them theres a problem. Still nothing. So what’s this I’d be happy for someone else to take over? Firstly its not just letting someone take over the club. For me to be happy a number of things have to happen. I don’t want the new ‘owners’ to carry everything out. They should leave the footballing side to the footballing people as they have done with Fergie. I’d accept new owners and a takeover, if it was done in conjunction with the fans. The biggest problem we have is lack of communication between us and the owners. The only thing the pointless ‘fans forum’ created was a note from Fergie asking not to call Wenger names. We have bigger problems than that. A deal done in conjunction with the fans would look like this. It doesn’t matter if its the red knights or Qatar. The new owners take over the club, get rid of the debt, allow certain fan groups back into the club. This can straight away allow IMUSA’s work and past deals on tickets to be put back in place. Possibly put in a process to insert not just one but a number of fans forward as directors on the board. One thing which could be very important is a deal for the fans to buy part of the club from the new owners. One it fully seals the fans into the club and two if Qatar ever want to pull out, we as fans have a say who comes in. We could even buy the club if after 20-30 years it came to selling. All of these are important issues to me and all can be put in place during a takeover. It benefits the fans and the new owners. MUST have said a similar sort of thing. Any new owner would be daft not to listen.
You can follow me on twitter @wewantglazerout
In 2010 The Manchester United Supporters Trust released the One Love football shirt, they sold 5,000 and raised £25,000 pounds for the British Heart Foundation. My Shirt Number is 849. You’ll have heard of this and maybe seen the New Green And Gold Shirt but this time £5 goes to Prostate Cancer Charity. Its sponsored by Sharp and looks the part. In my view, 10 times better than the One Love Shirt. I’ve ordered mine today £19.99 + 3.99 postage. If you have an AON shirt, it was £40 with nothing going to charity, this is a shirt fighting against Glazer and Cancer. Killing two birds with one stone. This is a warning, last time within afew weeks most sizes were totally sold out and I don’t know how many they are making this time. As fans we should aim to raise another £25,000 and make it £50,000 Total to Charity by the end of 2010. A link to the shirt is below along with a facebook link to the shirt. If you’ve already ordered it or plan to, leave please a comment or twitter me. @wewantglazerout
A leading news paper called The Telegraph which has sources inside of Manchester United has acquired some information which points to an American company called ‘springfield financial’ http://www.springfieldfinancialco.com/ Apparently they have taken on the Glazers personal debt for a tad lower rate of interest than was on the PIKs. Its not 100% true but its the most likely situation. It would make sense, along with why its been kept so quiet. Good News? err noooo. There is likely still a PIK loan at £240m just at a lower rate of Interest. Love United Hate Glazer.
As we’ve all seen on twitter along with one or two well known business sources the Breaking News is ”United owners to pay off £220 million loan”. This is that famous £138m PIK debt the glazers took out in 2005 to buy Manchester United or should I really say just take control. The bond holders currently own more of the club than they really do, they just don’t get a say and the fans pay the interest repayments. That debt is now worth over £220m and its known it will be paid off by the 22nd November but there are still questions. First and last is. Where has this money come from? This might be answered within an hour of this being posted or maybe never. I know the Glazers through, it always comes out in the end.
Has it come from the club? Well business sources say, No, none of the clubs money will be used to pay it off even through the bond document would allow this to happen. If the source to the business source is David Gill, then yes 100% it did come from the club. He doesn’t really know what’s going on.
Rumour mill has been throwing afew others.
They they taken out debt to pay debt? This is possible. They did this with United bank debt and converted into bonds. This didn’t really do alot. The debt is still there and still has to be paid off sooner or later.
Is a 3rd party involved? This is also possible but I’d say more unlikely than the first. This is interesting. Does the 3rd party get a say on goings on? Do they own part of the club? Who is this 3rd party. Other Yanks? A United fan? One I had put too me was could it be the Red Knights? After the summers goings on I’d find that highly unlikely but its been rumoured debt in the form of the bonds could be used as a possible takeover tool.
Selling the PIK debt to someone who is meant to be on the side of the fans while keeping full control could be an option. For the Glazers it could be a good option and a way out while still increasing the value of the club. Using the clubs money was a no go but selling to a fan friend? To remove some anger and hate? Did we finally bother them that much? With the Government aiming to produce plans, UFEA wanting to introduce certain rules and the increasing protests? Bloomberg reported they were scared to use the clubs cash. Am I getting carried away? Yes, that won’t have happened so don’t even think about it.
Paid Off Or Not. They Still Have To Go.
You can also read more on the Andersed Blog http://andersred.blogspot.com/2010/11/known-unknowns-and-unknown-unknowns.html Follow him on Twitter Here. @Andersed