Kevin Glazer Looking to Sell Stake in United?
Photocredit: Maxpixel.net
The first piece of good news related to the hierarchy at Manchester United in a long long time was released in some of the British papers recently. It appears that one of the 6 Glazer siblings involved in Manchester United's ownership is interested in selling his portion which would amount to £270 million. As a fan, nothing would be more delightful than to watch these owners who actually don't give a s@#$ about the club go. The bad news is that I forgot there were 6 of them. I thought there were only 3 or 4. Only two ever have shown their face at a game that I can recall. Avram and Joel. I couldn't even name any of the others until I heard about Kevin who is the interested party in selling.
One of the 6 took a collateral loan against her stake in the club because she cares so little. I forgot her name because it really doesn't matter that much. It's no coincidence that they sold Romelu Lukaku shortly thereafter but didn't replace him. That money was needed to pay off her collateral. She had previously taken a collateral loan as well which is why all they bought last summer was Dalot, Fred, and Grant. Some summer. That transfer window has a lot to do with the current turmoil. Since that collateral loan they aren't spending much. But it's not making the headlines remotely enough that there is a huge reason they're not spending much unless you connect the pieces. This is why they hired Solskjaer full time rather than go after a proven manager such as Allegri in the first place. They were hoping Solskjaer could get the job done on a very low salary. He isn't paid much. They still owe David Moyes and Jose Mourinho.
Luckily (In a way), it's starting to become obvious that a continued slide into oblivion would have an adverse impact on profits. And that is what the Glazers just won't allow or they will sell. One of them is ready. If the other 3 that have 0 interest can be convinced to do so, things could really start to look up as each own 13% of the club and 4x13=52%, more than half the club. My preferred method of the club being owned is the same way its done at Real Madrid and Barca or even the Green Bay Packers in the NFL. The fans. Sadly I find that very unlikely to ever happen.
There had been rumors of the crown prince of Saudi Arabia but he'd be the opposite. He'd be just like Manchester City and PSG's owners. I despise both those teams because while the owners "Care", they treat the team like toys. Children get bored of their toys after due time. Just look at Abramovich and Chelsea. When he couldn't get his new stadium, not to mention being barred from going to England, he lost interest. You want an owner who cares in all the right ways. I don't know who that would be.
Keep in mind some may hold on. The salaries the players get seem insane on the surface but people forget that they're likely not taking into account the 25% pay cut that these players get for not being in the Champions League. But it could really start to show if they can't make the Champions League next season. Papers have indicated that if they don't make the Champions League next season, there would be a massive fall in the revenue stream from some of their sponsors. This could be enough to convince some owners to get out as well. They're holding on due to the dividends they pay themselves. Their loyalty to the club is zero.
In any event, it does appear more and more accurate when people say it will be years before this club returns to past glory. The owners won't spend the money required to be champions. They'll only spend the money required to be a champions league team. The fortunate thing is the rise of Tottenham and Manchester City in the past decade has made it that it may cost enough to be a champions league team that the owners lose interest. Oh please, let it be so.
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