07 Jun 2025 08:20:47
Some on here have dismissed the impact of the Glazers, say they have made money available, even though they have not put one cent into the club. Let's have a reminder, after the latest accounts, of their impact
The BBC say £1.2 Billion in 20 years.
£815m in debt interest repayments; £166m in dividends to shareholders; £197m in external net debt repayments and £10m in management and administration fees to the Glazer family companies has left the club since the Glazers bought it in June 2005. I think it's more because it doesn't mention the £35m they made the club pay so they could sell to SJR, or all the debt costs when loans were changed to bonds.
How anyone can support those leeches is beyond me.
07 Jun 2025 11:07:13
That's all true but had they hired competent football management we would not also have wasted £1bn in the transfer market. I've been against the Glazers and the leveraged buyout from day 1, but it is nonetheless the case that it was Woodward and his team that wasted available resources on bang average players, overpaid wages for new players and contract extensions, hired too many people, and failed to update scouting and analytics etc. Had that £1bn been spent well we would not be in the position we are in today despite the debt repayments and dividends. The Glazers biggest failure was their appointment of Woodward to run the club and then sticking with him.
07 Jun 2025 12:08:03
Red Man you keep banging that drum but I'm not sure who you think you're going to convince.
I've not seen anyone actually supporting the Glazers on here. Every single poster to a man I think feels they have been nothing but a stain on our club and the reason for our decline.
The debt is in no way beneficial to the club, sometimes debt can be, but not in this case as it hasn't added anything to the club such as a new stadium.
While the Glazers mismanagement of the club has lead to the degradation of the clubs facilities due to a lack of investment and maintenance, they have always made money available for transfers and wages. Unfortunately this has been spent awfully by the very people the Glazers chose to put in charge.
That isn't a defence of them, but a non-bias reflection of their ownership.
Personally I feel that allowing the club to spend so much money frivolously also counts against them. No doubt that the one area they have allowed the club to spend heavily in is the one area that the majority of fans care most about, and curtain tailing fan unrest probably played a large part in that decision to spend on players rather than infrastructure.
While they might not have the expertise to run a football club, they must have surely seen that the club was being run poorly and declining over many years but chose not to step in or investigate. There was nothing stopping them hiring football club consultants to assess what was going wrong at the club so they could correct it. But they didn't, they don't care enough to do so. They allowed people who kept failing at their job of running the club to stay in power.
They have been awful owners, and I don't think you'll find any Manchester United fans who genuinely feel different. So what are you hoping to achieve with these regular posts against them?
07 Jun 2025 13:23:06
Absolutely right Shappy. Redman, you are conflating people accepting the situation we're in with the ownership and hoping for some competency within it with some tacit approval of the ownership. Shawthing I think nailed what most of us feel.
07 Jun 2025 16:07:58
I think our scouting was actually pretty good. We found and recommended many if the low cost stars that came into the prem. It was our management team that decided not to sign them, instead prioritising expensive stars that would sell shirts.
08 Jun 2025 09:34:47
It pays to remind ourselves that up to £1.5Bn has disappeared, most of the cost of the new stadium. We start the financial year with a debt that makes it more difficult to borrow to fund infrastructure, the £60m a year in interest is basically a signing like Cunha we can’t make.
Why post, because some on here post they deserve their dividends, they put money in the club (false), they have bought players for the club (false) . Yes they have also made terrible decisions yet are now multi billionaires on the back of the club.
They are still here, helped by SJR to stay. Why post, because they are still here, waiting to take dividends again, to leech from our once great club. We wanted to be up with Real Madrid, yet watched £1.2Bn disappear and got nothing in return. Pays to remember and realise this pain is ongoing.