HOW many more times will Malcolm Glazer need telling that he is not welcome in Manchester before he gets the message?
Glazer, by all accounts, is putting the final touches together to buy United after twice being sent packing back to America with his tail between his legs. Which part of "not interested" does he not understand?
This time, apparently, he's upped the ante. Within the next couple of days his '800 million takeover package will be delivered to the plc board at Old Trafford which he believes will be acceptable to the club's shareholders who will make a nice tidy profit from his '3-a-share offer.
United's plc directors, so I've been reading have a "fiduciary" duty to present Glazer's new offer to their shareholders. I have no idea what "fiduciary" means and I've got no intention of finding out even though I've got an Oxford dictionary right in front of me as I write these words.
Because whatever duty the United directors have to their club's shareholders pales into insignificance compared to the duty they have to their club's supporters.
And as much as they might dwell in an ivory tower, those directors would have to be deaf, blind and downright stupid not to accept that giving one ounce of encouragement to Glazer would amount to the gravest betrayal of trust.
Those plc directors at Old Trafford do not own United. They are trustees. And shareholders don't own United either.
United is owned by Tom, the plumber from Stretford, and Doreen, the mum of two from the council estate in Wythenshawe. And the thousands of ordinary working class people who have been investing their money in the club at the turnstiles all their lives - just as their parents and grandparents did before them.
Duty
Those are the people who United's plc board have a duty to listen to and protect. Not some pin-striped investor working in London's square mile or a couple of horse-racing millionaires living in Ireland.
The ordinary folk in this City of ours - and I'm not just talking about United fans here - have made it abundantly clear that they don't want to see Glazer and his cohorts within 100 miles of Manchester. And it will be Manchester as well as the club that the Red's board will be betraying if they recommend Glazer's latest bid to their shareholders.
Be warned, you plc directors at Old Trafford. There isn't a football fan in this area - whichever club they support - that wants the great institution that is United owned, run and drained by a leech living on the other side of the Atlantic. And if you give him one iota of support, this City will never forgive you.
Don't be fooled by all those vague pledges about a transfer kitty for Alex Ferguson or that ticket prices will be pegged or that the Glazers will always act in the best interests of the club. That's nothing more than window dressing.
There is probably some stock exchange regulation which states that United's plc board have to place Glazer's new offer before their shareholders. But I have neither heard nor read anything over the past year which leads me to believe that those plc directors have to recommend that Glazer's bid should be accepted.
So when placing that offer before their shareholders out of the "fiduciary" duty I implore the Old Trafford board to have enough back-bone, morality and responsibility to their supporters to recommend in the strongest possible terms that Glazer's new bid shouldn't be touched with a barge pole.
How many more times do we have to say it. YOU ARE NOT WELCOME HERE.
Do you agree with Hince's views? Have your say.
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I think we should stick Glazer in midfield next to Keano...We've nowt to lose!!
Absolute drivel Hince. Of course the shareholders own the club, what total garbage.
Paul Hince doesn't surprise me at all,he once again writes a column where all he is doing is trying to patronise United and their fans.Glazer wont go away after all its a democratic world we live in he has put the money up front in his bid to buy the club so he deserves some respect.OK he has borrowed a lot of the money to make his bid and he;ll have to sell the stadium to help pay it back amongst other things but in todays world its all about buisness and its a case of if you dont like it? LUMP IT1 14 years ago or thereabouts the United fans were quite happy to see their club go plc,they enjoyed 12 seasons of pure success on the field which going plc helped provide but as they say in life "all good things come to an end" this now looks a possibility now at Old Trafford and they dont like it. Theres a saying in greek mythology of THE GIANT THAT BECAME SO BIG >>>>IT EAT ITSELF! MUFC plc could have dug their own grave the day they went plc, I know its all about progress but sooner or later someone from outside the circle wants a share of it and Malcolm Glacer may be just the man,in the meantime Mr Hince hasn't anyone told you that MONEY TALKS?
HURRY UP MALCOLM THE SOONER THE BETTER
When i read the already posted comments to this story I instantly agreed. Money talks, and bad players should walk. Bring in Glazer on and off the field.
This club are on their way down, it wont hurt to try something new.
Sorry Paul, for once you have got it all wrong. For all the Toms and Doreens, their 100 shares are not worth a hoot when the PLC can vote for whatever manifesto it desires. What could Tom and Doreen do about the increased ticket prices?.......You have your answer, the "suits" own Utd lock, stock and barrel!! The PLC voracious need for dividends and cold hard accounting statistics is why there there is apparently no cash available this summer to strengthen a team with an ageing and ineffective midfield. The PLC don't care for Utd, they care for profit....that's the nature of the beast!! Watch them bail when the money is no longer flowing in because they refused to sanction strengthening the team.
I dont care if Paul Hince is a bluenose. If this is the message to the board then I'm right behind it. We cant let these parasites get hold of our club.
The fictional shareholders named "Tom" and "Doreen" mentioned in the story don't have the sort of cash Glazer has. The club needs a giant infusion of cash in order to get ahead of Chelsea. They also need a change of management. Fergie and Gill don't cut it anymore. Welcome to big-time American-style sports management, Girls. You demand a winner, you'll have to get someone to pay....a new owner, higher ticket prices, sell the stadium naming rights, bigger TV deal, etc.
a few spurious comments from bitters and non going supporters! we know money talks that doesn't make it moral or right, thalidomide drugs, cigarettes recreational drugs alcohol,pretty much all the evils in the world are examples of "money talks". does that make it right? no as always hince has his figure on the pulse; i had hoped thatcherism and all its vile connections was dead; sadly i see its alive and well in the manchester postbag; don't forget where united lead the rest of football follows; you have been warned!
Let;s yet again dispel the myth that United fans either welcomed or accepted the plc status, or even that the plc status was the reason for onfield success and financial health. After munich, the club was in a real mess on and off the field. matt busby brough in a celebrity punter 'champagne louis edwards' onto the board. Edwards was a fan, a punter, happy to bathe in the glory of team success. But then his business was exposed as rotten by Granada TV amonghst others, and suddenly he needed money. He milked United for it. His son Martin conitnued. But martin was a public school rugby fan who wanted out. Problem was how much was United worth? 10 million to Knighton, a few million more to Maxwell? After those abortive sale attempts, the cute city types persuaded him the way forward was a float, like spurs. Ways were found to circumvent FA rules about being a paid director etc, there was a massive new rights issue, and suddenly our martin was worth a lot of millions. Which he realised by selling off his shares, The fans were not consulted, there was no referendum, no vote, it was a fait accompli. The boy martin did very well from both share sales and dividends and salary as director.
So that was his side. What of being a plc? Analyses show that United have been successful despite rather than because of the plc status. The dividends that went ot the likes of Edwards and latterly others like the irish could have been reinvested. So we the ordinary punter fans have not gained. We want our club back. Not for sale. We want to be socios like Barcelona. Earn our success not via some sugar daddy be shafted by a shark like Glazer.
Damn right !!
Glazier is NOT welcome !!!!!!!
Sod off you american Bx<&%/tard !!
Endre
Uniited are the richest club in the world, with the largest fanbase, and some hairy faced bunny wants to take us over. He probably thinks 'America is a Great Country'. Well, it sucks. Yanks Are Stupid.
Look at the world, Thicko, and ask yourself ' Why is Ashton United v Boston United a bigger draw than ' The World Series'
Bog Off Yank, puppy faced Twat!
I hope your kids continue to walk backwards.
Paul Hince, I believe is a City fan.
I'm wondering if the real motive for these comments is that he knows once Glazer takes over United, a new era of dominance will begin.
United need to go head to head with the big boys, the mega rich clubs of Chelsea and Real Madrid, Milan et al.
Under the current ownership we will lag further and further behind until we've reached the level of mediocre clubs, only challenging for a European place each season.The Premiership or Champions' league final will become a distant memory.
Malcolm Glazer and his United obsessed sons Joel and Avi will ensure United compete aggressively EVERY season for the top trophies and continue the world dominance of this great institution.Being American, they will also insist on the best players and attractive football for the legions of supporters.
If United fans were so concerned about ownership why don't they have the majority of shares now?
They have had about 14 years to build up a majority shareholding and even Shareholders' United, who apparently believe the club is 'not for sale' (A huge irony in itself) only has about 25000 members out of a total fanbase of several millions.
The fact is that most fans worldwide will welcome the Glazer family once they've shown the winning and aggressive mentality that they possess.I urge all United fans to embrace the Glazer bid and work with him instead of throwing their 'toys out of the pram' by formulating fairy tale plans for a breakaway club.
If the sons are such avid fans why have they never been to OT? As for insisting on buying the best players, one of the glazer boys in a recent interview with the local Tampa newspaer about the bucs, defending the glazers decision to sign ageing free agents on the grounds that 'they did not want to mortgage the future' ! Except that is exactly what they propose with United. The sons have an abysmal business track record. Dad Malcolm is only interested in making money. After a single season of success, the bucs reverted to mediocrity. Other more collectively owned US Football teams have fared much better.
It makes me laugh when I hear people say we need a new injection, we need more cash, blah, blah and then support Glazer who plans to start off his tenure with a 300 million quid debt and whose only record of note is of taking a struggling NFL team to become a struggling NFL team but with higher ticket prices. I want whatever you are on.
Stuart Webb has either no brain or is Glazer "plant" to promote their bid.
What planet are you living on Stuart.
Glazer's track record is in making money for himself. He will be saddled with so much debt he will have to take millions and millions OUT of the club. He won't be putting any in.
Have you never had a loan or a mortgage? Do you not understand the basic principle that you have to pay interest and capital repayments on a loan?
When that loan runs into hundreds of millions the repayments are pretty big. And where do they come from? Out of United.
So stop this rubbish about us having massive injections of capital to compete with the Chelski's of this. Go home and start learning basic arithmetic.
The problem with the anti-Glazer camp is that they simply do not understand the mentality of guys who become billionaires.These are positive, aggressive, can do people who know how to make a success of their business plans.Glazer is not going to spend B#800m on United so he can watch it, along with his investment wither and die.He will want it performing at the top level regularly along with entertaining Football.He knows his 'customers' will demand the best and
his business plan for United will ensure that huge amounts are produced through aggressive marketing and the income from TV rights.United will almost certainly be backed by the EU in ending the unfair agreement that penalises the giants of the premiership to the beneft of mediocre, worthless clubs.We are in effect, subsidising these parasites.We need our own TV deal as the Italian and Spanish clubs have.United, through their stature in world football will bring in much more revenue and Glazer knows this.He probably already has a media partner lined up once the bid has succeeded.I'm afraid you guys are very negative, you really need to think differently and stop whinging about the inevitable Glazer takeover.
Stuart, why don't you back up your ascertions with facts. Negativity doesn't come into it, common sense does. Glazer is a dollar billionaire, just. Not a pound billionaire. He doesn't have 800 million that's why he needs to borrow 300 million. And if he doesn't need to syphon off a large percentage of his yearly income, I am moving my mortgage to the lenders. To break away from the TV rights agreement needs agreement from two thirds of the clubs in the premiership before any team can opt out. His record with the Buccaneers has been to convert a losing side to a losing side with higher gate prices. So why should we believe him to be competent enough to improve us? Hard as it may be for you to believe, Glazer is not an Abramovich style fairy godmother waiting to whisk them away from the financial realities of football - and there is a long way for us to fall if it goes wrong, a long way.
I am well aware that Glazer is 'only' a dollar billionaire.
That is still a billionaire in my book.
As for the TV agreement, a two thirds majority will be irrelevant as the EU will declare the agreement illegal and United will be free to go their own way.
Any other objections are based on unsubstantiated rumours designed to villify the Glazer family and do no stand up to close scrutiny.
Any comparison of English Football clubs with the NFL is worthless as they use the salary cap/Draft system.
Glazer will have a much freer hand with United which will allow him to be far more creative in advancing revenue streams.
All in all this season has been something of a rollercoaster, unfortunately not with a happy ending.
What most people forget is that as a successful business and PLC it was inevitable that sooner or later someone was going to come along and buy the club!
Now seeing as there aren't to many man utd billionaires it was always going to be a foriegner. Now correct me if I'm wrong but most billionaires are not stupid people and of course want a return for their investment, as far as that goes we have been paying millions back to the shareholders for the however many years of being a PLC...so no difference there!
Also billionaires do not spend 800 million+ and then destroy it again he wants a return on his investment!
Now I am not saying its right or wrong and having been a supporter since 1961 I fear that if this situation is not resolved one way or another the club will be at risk...whichever way it goes the constant investment in the team is essential as the formation of the current squad is nowhere near good enough!
We have had the best Economic record for years,lowest unemployment,Inflation,Mortgage rates.But people just dont get it.Malcom Glazer is a buisness man he will make United great this present board and manger.Only care for themselves not the fans.They rake off vast amounts of money and give nothing for it.
As a staunch out of towner utd fan I have to admit Glazer will eventually get his way.We all have to accept that because money does talk.our shareholders WILL cash in and bring THE YANK on board as our leader.Sadly he WILL sell OT to pay off his loan and then MUFC will lease it back cant any other red fan see whats happening? I personally have ribbed the city fans about their council house but it copuld be very soon WE WONT OWN OUR GROUND EITHER.
Paul
Much as I admire your writing talents, legally your article is complete garbage. Sadly the directors legal duty is entirely to the shareholders and not at all to the fans. Morally you may be spot on but legally you couldn't get further away from the truth. The directors do indeed have a strong legal fiduciary duty - they have to look at any offer objectively - not subjectively - and if it stacks up financially they are duty bound to recommend that offer to all shareholders . I don't like it either but that's the very sad reality.
Re some of the posts below - i thought Tampa won their first superbowl in years in 2002 under Glazer; but in all reality, it doesn't matter if Glazer gets his sweaty paws on united or not in terms of success, because like it or not, United are now a breeder club for Chelsea, same as every other team, unless someone with more money than RA pitches into the game, he has so much more money than anyone else in football that he can and will dominate through Chelsea for years to come..sad but true.
Stuart is definately a Glazer "plant". Why are you going on about Glazer as if he has some sort of magical powers? All he's done at Tampa, barring ONE trophy, is line his pockets. He's borrowing a load of dosh to do the same at United full stop. He's gonna squeeze us until the pips squeek. Italian TV deals? Look at their empty terraces.