Roboc7
Full Member
- Joined
- Mar 31, 2014
- Messages
- 6,989
I think the club could survive, even thrive in short to medium term. I think we're probably at or nearing the limit though that we can do that under current ownership. I've never bought this idea the owners have seen us as a cash cow to milk and asset strip. Yes they've taken dividends but they're proportionate to those paid under the PLC relative to revenues and turnovers at the time.
I've never really bought into this idea that X money going into shareholders pockets was fine by X amount going into the owners pockets was ever something worth getting the bed sheets and permanent marker over.
I do think though the Glazers know their current strategy isn't going to work long term. They can currently afford to invest in first team at current market values and spending expectations. In five-ten years? Probably not. The investment needed in stadium would need come through borrowing. This is another factor.
They either act now or they cross their fingers and hope for best but that approach risks the slowing of increase of the value of he asset.
The Glazers have milked the brand, complete neglected all the assets and now have no short, medium or long term prospects.Once the ESL disappeared it closed off a new revenue stream they desperately needed.
The club needs huge investment on and off the pitch, Glazers can’t borrow anymore to do it so they are done. Ideally I’ve no doubt they’d have liked to cling on in hope of being able to sell streaming rights but combination of their incompetence and financial markets mean they have little option but to sell.