Posts Tagged → PIK
Now the press have finally dropped the World Cup issue for now, I look at it in a very different way. Some may say the Russia and Qatar bids were all about money and you might be right or wrong. I go for right. What ever the question is that doesn’t really matter and England has its own problems to sort out. First off public transport if Cameron is going to promote that as one of Englands big benefit above other countries. The Germans for example have a vastly better organised transport system than we will ever have. The 2022 World Cup bid by Qatar was as serious as any other bid, unbelievable to win or not. With big more already spent one or two stadiums and with the British construction company Arup having already developed the brand new air conditioning technology for the stadiums what is very clear is it was a credible bid. Am sure many of the construction projects will involve British firms and we developed the technology for their bid to be serious. The Qatar winning 2022 bid could be blamed our British know how and knowledge. A number of us Brits will end up over there working building the stadia or other projects which go with it so its not all bad.
If you think the 2022 bid was bad, you should have seen hosts for the 2011 Asia cup bids. It included Iran, India and Qatar. No South Korean or Japanese bids as many people might expect. Also alot of the teams consist of teams like North Korea, Iraq, Iran, Jordan and Syria. States considered by the Americans as Terror states who are their with football teams. You don’t hear Asia screaming out over countries in their bid so many the press have over reacted. Qatar also won the Asia Cup bid by some way and although on a smaller scale, it should how what we can expect. Maybe we English shouldn’t have written Qatar off as a mad choice. A country saying it will be build all new stadiums, spending big money before its won any bid and they easily won the Asia Cup bid. I’d say on the face of it that’s more effort than England would have put in. I know we already have the stadiums but was the Government going to fund expansions of many other grounds or was it down to the clubs themselves to fund this. Clearly in Qatar this won’t be a problem, over here will the UK Government fund a new stadium in Liverpool or Birmingham? No, they won’t. We’d end up what we have now plus one or two improvements if the clubs choose to fund the development with possible part funding by the government. This can no way be compared to what the Russians and Qatar can put forward. So on the subject of Qatar, they are unknown but they are going to host two major footballing tournaments over the next 12 years.
Tournaments aren’t the only areas they have aimed at. Last year Manchester United played and trained there, for which Qatar paid United for. They have in the last week paid Barcelona for their first proper shirt sponsorship deal ever and as ever with Middle Eastern countries next they must have buying a European club on their agenda. Its unlikely they could ever buy a German or Spanish club. That leaves Italian football and English football as two main areas where Qatar may choose to invest in European football, such as Abu Dhabi did with Manchester City. With big money spent on two football bids, a huge sponsorship deal with Barcelona what is next?
It doesn’t take a rocket scientist to work out Qatar buying Manchester United is a possible option. With them reportedly ready to spend £41 Billion on the World Cup which lasts one summer, the country paying £1 Billion or £2 Billion or even £3 Billion for Manchester United which is a very valuable asset, must look like an easy choice for them. A cash cow machine in top European football and with this PIK debt being paid off either via a 3rd party member such as Qatar or replaced with new debt. Both for the Glazers are win win options. They can say to Qatar ‘you can buy United for £1.5 Billion’ and that shouldn’t bother them one bit. Of course they will wait until the correct moment but when the club is sold it will happen fast and take everyone by surprise.
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Today the Glazers will report they’ve paid off the £220m PIK personal debt, people will say ‘good news’ on twitter, facebook and the press will report the same thing but they should be asking something very different. Where has that money come from?
You’d think after 5 years the Glazers would start to learn. Its not only at Manchester United but in their other assets where they have a strange way of doing things. They’ve only just started to treat their Tampa fans in the way they’ve treated Manchester United and they are starting to suffer big time. TV Blackouts, low attendances, the fans wanting to know what’s going on and do the Glazers say anything or does anyone in the NFL speak out out? No. From winning the Super Bowl and being one of the leagues most valuable clubs they now aren’t even in the top ten of NFL teams. You could say they’ve gone from being Arsenal or Chelsea of the NFL world to being the current Blackburn Rovers. So no wonder their fans are complaining and this mainly comes from lack of investment. Where have we heard that before? They’ve stopped investing in Tampa Bay once it was successful and the did the same thing once Manchester United won the Champions League. You could say Tampa Bay are what Manchester United could become in 3 to 4 seasons time. Being on TV less, less successful on the pitch, less fans buying tickets and less investment in the team. All 4 can be said to be happening at both teams now. That’s very worrying.
The problem I see is how can two very pubic and well known sporting teams be so quiet. The media and the fans want answers and it doesn’t matter what David Gill or anyone else says. If they keep treating the fans and the club like they are, they won’t get anywhere. They don’t talk to the fans and that’s one of their biggest problems. They have no respect for anyone. They aren’t very clever at PR either. They use CES in the ground, then try and keep any Green and Gold off the MUFC website but produce headlines like this “So how did the Glazers raise the money to pay off a £220m loan?” Then get David Gill to come out after every big story. Hes become that crap with his stories the English Media seemed to have totally ignored him. What PR they had left to anyone with a brain has gone. If you think this debt has been paid off and its a done deal, end of story, No more debt. Seriously go and see a head doctor. If they had used their own cash, they would have got it over every back page newspaper for a week.