Quote:
Originally Posted by Cappy
TIFO Released this last week:
https://www.youtube.com/watch?v=B87aESnOWKg
Have the Glazers ever put money into the club? With the leveraged buy-out and the payments they have made to themselves, I thought they had taken more money out of the team then put in |
Quote:
Originally Posted by devo22
nope. They've cost the club $1.5 billion in debt, interest rates and dividends though, so ... yay.
|
Okay. I'm not entirely sure where this disdain is coming from?
When you're dealing with a club like United, you dont
have to put money
into it.
The Club, as a business, generates its own revenue. It doesnt need to draw from ownership, it is a self-sustaining entity.
If ownership is drawing off funds that are to the detriment of the club, thats a different story, but Man United finished 2nd. So I'm not certain that story holds up.
I think a more accurate question would be:
"Have the Glazers approved and financed expenditures by Manchester United in purchasing players and improving the team."
And the answer to that is unequivocally 'Yes.'
Regardless of their own draws.
However the people in charge of this task were largely incompetent and as such the purchases were largely inefficient.