Still Following the Trawler

Via  the Telegraph : In this special report The Telegraph's Mark Ogden  looks back at the Glazer's takeover bid exactly 10 years ago today. The burning Glazer effigies and sea of Green and Gold scarves seem to have disappeared from Old Trafford, however the anger remains. And unfortunately, for all those still seething at the hostile takeover a decade ago, there appears to be no sign of the Glazer brothers going away. Read the full article here .

A mate of mine recently started working in banking and to my surprise; one of the first things he learnt about was the leveraged buyout of our club. So standardly I asked him/forced him to feed me his knowledge. I’m not sure how many of you out there know the ins-and-outs of how we came to be in this mess, but I found his email ridiculously interesting and nicely cleared up a few things for me. Anyway, for those of you who literally sat there and watched it all unfold in 2005 – but weren't exactly sure why or how it was happening – hopefully this’ll clear up a couple of things… The Downfall of Man United, by Andrew Webb. So, the story of Man United goes a bit like this... Man Utd is a public company, which means that it is owned by the shareholders. Because it is listed on the stock exchange, anyone can buy shares in it. Malcolm Glazer owns some sort of Private Equity or Venture Capital Firm (i.e. he is not a man, he is a business). So one day Glazer approaches the Man Utd sharehol...

Forbes  announced today that Manchester '£700 million in the red' United are the world's richest football club. Given the current state of our club, and the haemorrhaging of funds performed by our owners, this all made for rather strange and completely laughable reading. However, undeniably, our universal adoration and unrivalled popularity has seen our assets and revenue (including merchandise sales, gate receipts and television rights) amount to a monstrous £1.2billion. The next 'richest' team - Real Madrid - are valued at a meagre £859million. Yet rather surprisingly, it wasn't the team placed number 1 on this pointless and completely misleading list that was able to spend £140million on two players. Just imagine what position we would be in if had had all our 'riches' at our disposal...as opposed to being in the disgraceful position where 75p of every £1 that enters United is being used to service our debt.  COMPLETE L...