Wednesday, August 1, 2012

Sleeping with the Devil's Wife and Selling her to DEBT

WARNING: ARTICLE IS NOT FOR THE FAINT-HEARTED MAN UTD FANS AND IS IN NO  WAY INDICATIVE OF ANY SITUATION AT THE CLUB. ALL VIEWS AND OPINIONS ARE MY OWN AND OPEN TO DISCUSSION. PLEASE TAKE THE WHOLE SHAKER FULL OF SALT AND HELP YOURSELF MATE!

I think it is fair to say that Man Utd has had the most successful manager in modern times and is lucky indeed to still have him at the helm. In this day and age of credit, debt and unpayable wages; the large behemoth of a corporation that is now Man Utd is finally starting to show its tears in the armour.

YES. They have won the Premier League many of times in recent years. YES. They are likel ypoised to win again this year. BUT mark my words, the huge war machine of an entity that Man Utd is under the Glazers is huffing ever so slightly. The only reason that their world hadnt gone topsy-turvy is due mainly to two things.

The first reason is due to one of the grandest players to grace the fields of the "Theatre of Dreams". A Mr. C. Ronaldo. There is no doubt that that Financial Year when he was sold, Man Utd were at the crux of unrest, with Man Utd Supporters Trust (MUST) pressing the club and the Glazers takeover in disgust.

Indeed, his transaction fee alone heaved the Man Utd books from heavy RED to be in the Black. How much of it was the Man Utd players own desire to leave is uncertain. I think it is fair to say Man Utd would rather keep him then to sell him as i have to admit even as an Arsenal fan that he would have promised more trophies thereafter.

Secondly, continued success of the "Wily old fox" Sir Alex Ferguson who was so close to being sacked in his early days of his career when Man Utd dropped a division. But my word has he taken the British League by storm. To sum it up, success is like the good old plaster that papers over the cracks at the club.

Well, it had been reported that the Glazers had tried to float shares on the financial bourses in Singapore - Failed, Shanghai - Failed and even in New York - Failed (Their council had advised against flotation as the economic activity and outlook uncertain this year).

BUT YET, the Glazers are so desperate they are going to float 10% of the Man utd shares anyway. And guess what? The monies estimated at 200 million pounds are not all to reduce debt. At present how much is their debt? 437 million pounds all in loans. In case you didnt know, when you set aside 100 million pounds to a debt like 437 million pounds, the remaining debt is only reduced by estimate 65 million pounds due to double-on interests on tax.

Where does the other 100 million pounds go? Let me remind you of the global entity that is the Glazers. They are running several sports clubs as businesses. Baseball, Hockey, American Football and now Soccer they all have a stake in these clubs. That needs some financial muscle a.k.a. CASH to run and set aside for. It is no wonder the MUST is upset. They have not only further diluted the ownership of Man Utd to "Fans" in the New York Stock Exchange who dont really care much about the club other than a bet on making money. They have also not significanlty reduced the debt any much more.

I cant help but see it like the Glazers had taken over the Red Devil's nest back in 2005 and slept with the Devil's Wife (The Shares of the club). Not only that, as the takeover was done primarily in debt, they forced the Wife to sell her body to other willing buyers for their pleasure. To make matters worse now, they had sold off a family member (The 10% share they so willingly sacrificed for more cash injections) of the wife to pain her even more so. And all this without reducing much the debt of which the wife so painfully sells her pleasure away in this warped "Theatre of dreams".

Lets pray for English football sake and also for Man Utd that success doesnt desert them in the next 10 years. Or by the time i age grey hair all over, the "Theatre of dreams" would really be all just that.

Another page in history of one of the most illustrious clubs in the world.

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