You seem to see the whole thing through rose tinted specs. You give the impression of believing it all because you want to believe it.
Believing what? I have made my mind up not reading articles in the Daily Mail but by actually taking time out to have a look at a wide range of our financial figures and then put the picture back together myself. I'd like to repeat that I am not a Glazer supporter but I'm not ignorant enough to get into this popular notion that they are somehow damaging United. They are certainly not doing anything to endear themselves to us supporters but I still have a theory (which could be completely wrong) that the reason they do no P.R work and are not quashing these rumours that we are in a much better financial state than the media would have you believe is because it puts them in a much stronger position when negotiating their largest outlay. Player Transfers.
I'll stick with my view that it's not been a great investment for them considering the extent of the leverage. They have done nothing to promote any Page Ranking with the fans and neither has Gill for that matter.
What do you actually expect them to do? Put a little picnic basket on each season ticket holder's chair and a little card with a sorry inside?
From their point of view, they are in the right. Again I am being objective here and I don't share this opinion with them but all they have done is increase season tickets and introduced a "cup scheme". If you look at season ticket prices, we are still not nearly as expensive as other teams.
Last year, £513 was our cheapest and £931 our most expensive. Now I know that this goes up with the cup scheme, but value wise you are still getting more matches.
Chelsea's are £520 and £1125 in that shit heap Stamford Bridge while Arsenals start at £855 and go right up to £1825, nearly double ours.
So how are they supposed to look at it? The team has had unprecedented success under their ownership and it was only last season when Tevez manouvred his way out of Old Trafford and Ronaldo left for a huge sum, one we wouldn't have accepted but for his wish to go to Madrid. Ferguson then identified £30m target Benzema who then went to Madrid.... You would rather he went and panic bought and spunked £30m on a player who he felt wasn't perfect for the team in some way?
Yes they have given Fergie money in the past but I doubt that works out net to more than the £25m a year they originally promised - so nothing to write home about. I'll also stick to me view that it could work out if they can continue increasing net revenues into the future and more importantly if they can write down a substantial part of the debt over the next 5 or so years. Nobody knows what the future holds and it remains a fairly high risk outlook.
£25m a year average isn't enough to keep this team competitive? That's just sheer muppetry.
Paying off the debt is not an issue like I said before, if they manage to resturucture the PIK's into a debt with much less interest, which I think they will as there should be plenty takers now that they are starting to show some real increase in turnover. Then there will be a very manageable sum to pay each year while the club churns over a very healthy profit.
The fact they have chosen not to use this cash reserve to pay off the PIK could well be a P.R exercise however it could also be a sign that another restructe is coming up. Paying a large sum of it off now, could work our more costly than decreasing the interest rate on it and paying less in the future.
I don't mind you or anyone else disagreeing with my views but let's try and conduct this in civil manner, shall we ? Your personal jibes are really quite unnecessary.
I think I'm being very civil personally.
